Unova Limited

Unova Limited, based in Reading, UK, is a small, family-run holding company with an active status. Founded eight years ago in 2016, it employs 16 people and holds £1,584,689 in assets. With six directors and six owners reported, the company operates from a real address and has been a regular importer of tanning and dyeing products for 132 months, with the latest import in February 2025. It also exports these products, though irregularly, with the last export in March 2023.

The company’s website is non-existent, which suggests a business-to-business model focused on wholesale rather than direct consumer sales. It appears to operate in the manufacture of paints, varnishes, and similar coatings, mastics, and sealants industries.

Financially, Unova Limited shows some concerning trends. While its net assets increased by 16% to £310,000, cash reserves decreased by 22% to £140,000. Bank borrowings have decreased by 50% to £33,000, which is a positive sign. Trade debtors have increased significantly by 180% to £200,000, which could indicate issues with customer payments or a deliberate expansion of credit terms. Creditors have also decreased by 10% to £22,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 99 employees. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The significant increase in trade debtors is something to watch, as it could put a strain on the company’s cash flow. While the increase in net assets is encouraging, the decrease in cash reserves suggests the company may be burning through money. The company’s small size and family ownership offer agility, but the financial trends require close monitoring.

Registered in England/Wales under the registration number 10406638, with a registered address at RG2 0QX, Reading, Berkshire, Unit 4 Transcentral, Bennet Road.

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