Photonova Group Ltd

Photonova Group Ltd is a small, active company based in Manchester, UK, founded four years ago in July 2020. It's a solo-founder operation with one director and one owner, holding just £4,320 in assets. The company's registered address is real, with only two other companies registered there. It operates in the retail sale via mail order houses or via internet industries.

The company's website reveals a fascinating connection to photonics. Initially celebrating the International Year of Light and participating in Photonics West, the site highlights Photonova Inc.’s specialization in custom design photonics products, which has been in operation since 2002. This suggests a broader technological focus beyond simple retail, with a potential history of engineering and custom product development. The website’s design is simple, but professional, and the presence of a "Contact Us" section indicates a desire to engage with potential clients.

Financially, Photonova Group Ltd presents a mixed picture. While current assets increased by 60% to £4,300, net assets also grew by 17% to £4,100. However, cash reserves only increased slightly to £370, and bank borrowings are at zero. Creditors decreased by 130%, a positive sign, but the small size of the company (meeting two of three conditions for a small company) means its financial resilience is limited. The accounts are “filleted” and unaudited, meaning they are exempt from a full audit, and prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. No auditor is mentioned.

Overall, Photonova Group Ltd seems to be holding its own, but the small asset base and reliance on owner funding suggest it's a vulnerable operation. The connection to photonics technology hints at potential for growth, but it will need to manage its finances carefully to avoid burning through cash.

Registered in England/Wales under the registration number 12716014, with a registered address at M46 0UL, England, Manchester, 17 Gort Lane, Atherton.

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