Nuvven Ltd

Nuvven Ltd from Edinburgh UK is a small, active company founded seven years ago. It employs 17 people and holds £371,184 in assets, operating from a virtual address. With two directors and one owner, the company irregularly imports optical and medical tools and devices, with just one month of import activity recorded as of July 2022. It’s classified as a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

The company’s website is currently inaccessible, displaying a security error and blocking access. This prevents a detailed analysis of its online presence and e-commerce activities. It’s unclear whether the company operates a fully functional e-commerce site or primarily engages in business-to-business transactions.

Financially, Nuvven Ltd’s situation appears concerning. Net assets have plummeted by 45% to -£3.7 million, a significant downturn. Cash reserves have also decreased by 55% to £150,000, while bank borrowings have reduced by 16% to £61,000. Creditors have increased by 39% to £410,000, and average employee numbers have fallen by 35% to 11. Deferred income has increased substantially, by an unstated amount, suggesting potential delays in revenue recognition. The company’s reliance on a virtual address, combined with the decline in employee numbers, could indicate a shift towards remote operations or a cost-cutting strategy. The directors list was changed one month ago, which could be a positive sign of restructuring or new management initiatives. The company’s unaudited accounts, prepared by Sleek Accounting Ltd, do not mention an auditor.

Registered in Scotland under the registration number SC596564, with a registered address at EH6 6LX, Scotland, Edinburgh, 84 Commercial Street.

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