Nacom Automation Ltd

Nacom Automation Ltd, based in Chesterfield, UK, is a small, active company established 22 years ago. With £6,526 in assets, the firm employs two directors and two owners, operating from a real address. While classified as a small company – meeting two of three conditions (turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees) – its financial performance paints a complex picture. The company’s core business involves the manufacture of other general-purpose machinery, but it also engages in irregular import and export activities, primarily dealing in optical and medical tools and devices, with recent activity recorded in early 2022 and January 2024 respectively.

The company’s website showcases a range of services, including the distribution of high-end automation products, technical sales, support, and engineering. It also provides PLC training and certification, and custom builds, panel building integration, and automation spares. A significant aspect of Nacom Automation’s operations is its bespoke training courses, catering to PLC and HMI training, and even variable speed drive training, demonstrating a commitment to industry expertise. The company also boasts a network of affiliates and offers global support.

Financially, Nacom Automation Ltd is facing considerable challenges. Current assets have plummeted by a staggering 95%, falling to just £6,500, while net assets have swung to a negative £94,000. Bank borrowings have decreased slightly, but cash reserves have also dramatically reduced by 71%, leaving just £6,500 available. Trade debtors have completely disappeared, and creditors have increased significantly. The company’s reliance on loans from directors has increased substantially, suggesting a need for external funding. It’s worth noting that the company is exempt from an audit due to its small size, and the unaudited nature of the financial statements adds a layer of uncertainty.

Despite these difficulties, Nacom Automation’s focus on specialized automation solutions and training suggests a potential for future growth. The company’s 40 years of experience within the industrial automation sector, coupled with its commitment to technical expertise, could prove valuable in navigating these financial pressures.

Registered in England/Wales under the registration number 04532181, with a registered address at S44 5HY, England, Chesterfield, Derbyshire, Markham Vale Environment Centre Markham Lane, Markham Vale.

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