Nemein Ltd

Nemein Ltd, based in Brynmenyn, UK, is a small, active company founded twelve years ago. With eleven employees and £238,187 in assets, it operates from a real address and is managed by two directors and two owners. Its Google rating sits at a perfect 5.0 based on a single review. The company is an irregular importer, specializing in machinery, boilers, and mechanical appliances, with its last import activity occurring over four years ago in March 2019.

Nemein Ltd’s website highlights its focus on thermal management and “real-time intelligent hole condition data” for drilling applications. It designs and manufactures solutions for harsh environments, particularly deep, hot boreholes, aiming to improve drilling efficiency and reduce costs. The company’s technology enables early detection of potential environmental damage or safety risks, and it has received financial support from the Welsh Government SMARTCymru programme. The website also features a separate division focused on piano restoration, a surprising diversification from its core drilling technology business.

Financially, Nemein Ltd shows a mixed picture. Current assets decreased by 18% to £240,000, while net assets increased by a substantial 28% to £650,000. However, cash reserves have plummeted 95%, dropping to a mere £130. Bank borrowings have also decreased, suggesting a reduction in debt. Creditors have decreased as well, which is a positive sign. The company’s small size—meeting two of three conditions for a small company—helps it remain agile, but the sharp drop in cash reserves is a concern. With no auditor mentioned, the financial statements are unaudited.

While Nemein Ltd appears to be innovating in a niche market, the sudden decrease in cash reserves warrants attention. Whether this is a temporary fluctuation or a sign of longer-term financial strain remains to be seen, but the company’s diverse business lines—from drilling technology to piano restoration—suggest a willingness to adapt and explore new opportunities.

Registered in England/Wales under the registration number 08384656, with a registered address at CF32 9TX, Brynmenyn, Bridgend, 4 Squire Drive, Brynmenyn Industrial Estate.

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