N.e.m. Co. Limited

Nem Co Ltd, based in Hertfordshire, UK, is a large, active company established 41 years ago in 1983. Employing 129 people, it boasts assets of £11,870,942 and yearly revenue of £13,546,890. With five directors and two owners, the business operates as a family enterprise, holding a 3.0 rating on Google based on 11 reviews. It’s a regular importer and exporter of electrical machinery and equipment, with 243 months of import activity and 168 months of export activity.

The company’s core business revolves around contract electronics manufacturing, providing services from concept to production. Nemco offers PCB assembly, prototype creation, SMT population, box build, wiring looms, and product testing, catering to a wide range of sectors including military, communications, aerospace, and medical. They even offer design services, test system development, and supply chain solutions. The company’s website highlights its commitment to quality, with accreditation including ISO 9001, ISO 14001, and AS9100.

Financially, Nem Co Ltd presents a mixed picture. While current assets remain stable at £11,870,942, accrued liabilities and deferred income have increased by 44%, reaching £730,000. Depreciation expenses have remained relatively consistent, but property, plant, and equipment have increased by 7.3%, reaching £6,500,000. The company’s administrative expenses have risen significantly, increasing by 83% to £3,500,000, which could indicate investment in growth or operational challenges. Despite this, the company’s dividend payments have decreased by 28%, suggesting a focus on retaining earnings. The company’s turnover has slightly decreased, dropping 2.2% to £13,000,000.

The company’s status as a large enterprise (meeting two out of three criteria: turnover over £36 million, balance sheet total over £18 million, average number of employees over 250) suggests it’s a well-established player in the electronics manufacturing sector. The increase in liabilities and administrative expenses, however, warrants closer attention, and the slight decrease in turnover could be a sign of increased competition or changing market conditions. The company's auditor, Menzies LLP, has not mentioned any concerns in their report.

Registered in England/Wales under the registration number 01738476, with a registered address at SG1 4SX, Hertfordshire, Wedgewood Way, Stevenage.

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