Red Nova Solutions Ltd

Red Nova IT Support, Security, Web Development and Communications is a small, active company based in Clacton-on-Sea, UK, founded nine years ago in 2016. With £76,549 in assets and a real registered address, it’s a lean operation managed by one director and owner. The company employs just two people and boasts a perfect 5.0 Google rating from five reviews. It’s an irregular importer, specializing in machinery, boilers, and mechanical appliances, with its last import activity recorded one month ago in October 2023.

The company’s website highlights its services in IT support, security, web development, and communications, catering to businesses throughout the UK. It positions itself as a values-driven technology agency dedicated to helping companies reach their financial and branding goals. The site emphasizes a range of services, including managed IT services, cloud computing, cyber security, bespoke web development, and purchasing/leasing IT equipment. It also offers 24/7 support and prides itself on a friendly team with locally assigned engineers and account managers.

Financially, Red Nova Solutions Ltd presents a mixed picture. While current assets increased by 42% to £77,000, equity plummeted 60% to just £3,400. Bank borrowings decreased by 46%, reaching £5,200, and cash reserves surged 790% to £12,000 – a significant boost. However, net current assets ended up in the negatives at -£6,400. Creditors rose by 46%, reaching £83,000, and trade debtors increased by 31% to £59,000. 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 agility, but the sharp equity decline is concerning. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Red Nova Solutions Ltd is showing some growth but facing financial pressures. The company’s focus on client relationships and responsive service may help it navigate these challenges, but its long-term sustainability depends on improving its equity position.

Registered in England/Wales under the registration number 10066763, with a registered address at CO15 4XA, England, Clacton-On-Sea, Stephenson Place, Stephenson Road.

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