Nps (shoes) Limited

NPS Solovair Ltd, based in Wellingborough, UK, is a large, active family business established nineteen years ago. Employing sixty-one people, the company boasts assets of £9,620,303 and yearly revenue of £11,619,704. It operates a real address and is managed by four directors and two owners. NPS Solovair is known for its e-commerce site and maintains a stellar 5.0 Google rating from eighty-six reviews. The company regularly imports and exports footwear and related items, with a long history of nineteen months of importing and an impressive 301 months of exporting.

NPS Solovair specializes in the manufacture of Goodyear welted footwear, a traditional British craft. Its website showcases a wide range of styles, from classic brogues to steel-toe boots, catering to both men and women. The company emphasizes British heritage and quality materials, with a focus on handcrafted shoes and boots. The brand also operates a separate division specializing in high-end piano restoration, a legacy dating back to 1975.

Financially, NPS Solovair shows a mixed picture. While cash reserves increased by 67% to £6.7 million, indicating improved liquidity, net assets decreased by 32% to £9.6 million. Bank overdrafts remained steady at £31,000. Creditors also increased by 67% to £1.8 million, suggesting a need to manage short-term liabilities. Turnover increased by 24%, reaching £12 million, a positive sign for revenue growth. The company's audit firm, Robins & Co, reported a true and fair view of the company’s financial position. The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) helps it stay agile, but the equity drop raises questions.

Despite the challenges, NPS Solovair’s strong brand reputation, focus on quality, and established export markets position it for continued success. The dual business model—footwear and piano restoration—offers diversification and potential for growth, although it also presents management complexities.

Registered in England/Wales under the registration number 05678953, with a registered address at NN29 7RY, Wellingborough, Northamptonshire, South Street, Wollaston.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.