Nuova Distribution Uk Limited

Nuova Distribution Uk Ltd, based in Cockermouth, UK, is a small holding company with an active status, established seven years ago in 2017. Employing five people, the company holds £2,312,812 in assets, although its registered address is likely a virtual one, shared by seventy-seven other companies. It’s managed by five directors and has one owner, although this owner list may not be exhaustive. The company regularly imports machinery, boilers, and mechanical appliances, parts, with 40 months of import activity recorded, the last in October 2023. Export activity is less frequent, with just one month of exports recorded, the last in February 2023.

The company’s website highlights its role as a UK importer and distributor of Victoria Arduino espresso machines and grinders. It caters to the coffee industry, offering both machines and grinders, and even provides technical engineering services. The website also mentions ancillary products and events, suggesting a broader engagement with the coffee community. The company’s online presence points to a focus on high-quality equipment and a commitment to serving the needs of coffee professionals.

Financially, Nuova Distribution Uk Ltd demonstrates mixed trends. Cash reserves increased by 42% to £740,000, a positive sign of liquidity. However, net losses deepened by 68% to £120,000, indicating reduced profitability. Creditors rose significantly by 78% to £980,000, suggesting increased reliance on short-term financing. Debtor levels also increased by 56% to £530,000. 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 decrease in profits warrants attention. The company’s accounts are unaudited, and no auditor is mentioned, which is common for small companies. The increase in bank borrowings is a slight concern.

Registered in England/Wales under the registration number 10866872, with a registered address at CA13 0RJ, United Kingdom, Cockermouth, Cumbria, 2 Europe Way.

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