Novopro Ltd
- Small
- Active
- 12 years
- 2 employees
- £325,229 (assets)
- Virtual address
- 3 directors
- 2 owners
- Regular importer
- Family business
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Novopro Ltd is a small, family-run business based in Watford, UK, with an active status. Founded twelve years ago in 2012, the company employs just two people and holds £325,229 in assets. It operates from a virtual address, registered at a business park shared by sixteen other companies, and is managed by three directors and two owners. Novopro Ltd is a regular importer of electrical machinery and equipment, with 38 months of import activity recorded, the last in January 2025.
The company’s website, NovoPro, focuses on DJ event lighting and booth accessories. It manufactures its own product range, the "Novopro" line, and acts as a UK distributor for Ortofon DJ products. The site showcases a wide array of items, from DJ consoles and microphones to stands, brackets, and flightcases, catering to a niche market of event professionals. The website also has a support section, downloads, and a contact form, suggesting a focus on customer service.
Financially, Novopro Ltd presents a mixed picture. Current assets decreased by 9.1% to £330,000, while net assets plummeted 22% to £130,000. Bank borrowings remained stable, but cash reserves dropped 47% to £65,000. Trade debtors decreased significantly, suggesting improved collections, but creditors rose 5.4%, indicating increased reliance on suppliers. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the drop in equity raises concerns. No auditor is mentioned, likely due to the company’s exemption as a small entity, so the figures rely on unaudited director reports.
Overall, Novopro Ltd appears to be navigating a challenging financial landscape. While its niche product range and online presence suggest a focused business model, the declining equity and reduced cash reserves warrant close monitoring. The company’s ability to maintain its import activity and adapt to market conditions will be crucial for its future success.
Registered in England/Wales under the registration number 08238219, with a registered address at WD18 9DA, England, Watford, Unit 17 Orbital 25 Business Park, Dwight Road.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 3 years
- 25%+
-
Resident of United Kingdom
-
Individual
- 8 years
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 12 years
-
Resident of United Kingdom
-
Individual
- 12 years
-
Resident of United Kingdom
-
Individual
- 12 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted nine months ago.
Last news
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Confirmation statement made on 2024-10-02 with no updatesDownload 3 pages pdf report
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Total exemption full accounts made up to 2023-10-31Download 9 pages pdf report
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Confirmation statement made on 2023-10-03 with no updatesDownload 3 pages pdf report
Importer profile by HS codes
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Last imported products
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FAQ about Novopro Ltd
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