Netgem Uk Ltd

Netgem UK Ltd is a small holding company based in London, UK, with an active status. Founded 22 years ago in 2003, the company employs fourteen people and holds £3,921,235 in assets. It’s managed by two directors and one owner, and boasts a real registered address. The company is a regular importer, specializing in electrical machinery and equipment, with import activity spanning the last twelve months, the most recent being December 2024.

The company’s website reveals it’s primarily focused on providing television programming distribution services. It partners with Internet Service Providers (ISPs) in the UK and Ireland to offer Netgem TV, a subscription-based service with a wide range of entertainment options, including live TV channels, on-demand shows, and streaming apps. The website highlights the value proposition of Netgem TV, emphasizing its affordability, extensive content library, and mobile viewing capabilities. It even offers bundles with games and apps. The company is clearly targeting consumers seeking an alternative to traditional pay TV, and it’s actively promoting its partnerships with ISPs like TalkTalk and Community Fibre.

Financially, Netgem UK Ltd’s recent performance shows a mixed picture. Current assets have decreased by 24%, dropping to £3,900,000, while net assets have fallen by 12% to £1,700,000. Cash reserves have also declined, falling 15% to £1,400,000. However, bank borrowings have surged by a staggering 2,400%, reaching £29,000—a significant increase. Creditors have decreased by 18%, suggesting improved debt management, but the large increase in borrowing is concerning. The company’s small size (meeting two of three conditions for being considered small) helps it remain flexible, but the increase in borrowing and decrease in cash reserves warrants close monitoring. The company’s unaudited financial statements, prepared without the involvement of an auditor, rely on director-reported data.

In conclusion, Netgem UK Ltd appears to be navigating a period of change. While its TV distribution service seems to be attracting customers, the company’s financial performance suggests it may be burning through cash to fuel growth—or perhaps facing unexpected costs.

Registered in England/Wales under the registration number 04719079, with a registered address at SE1 9QQ, England, London, Bank Chambers, 6-10 Borough High Street.

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