Netgenium Ltd

Netgenium Ltd, based in Washington, UK, is a small, active company founded five years ago. Employing seven people and holding £409,155 in assets, it's a solo-founder operation with a real address and one director. The company regularly imports electrical machinery and equipment—six months of activity recorded—and occasionally exports, with just one month of export activity noted. Its website showcases a range of IP PoweroverEthernet (PoE) products and solutions, including active speakers, audio gateways, and lockdown alarm systems, targeting both public and private sector environments. Transport for Greater Manchester and SECOM are listed as customers, alongside a network of distributors.

The company operates in the information technology consultancy activities industries, and its website highlights a focus on intelligent audio solutions, analogue audio, and access control. It’s a small company, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees).

Financially, Netgenium Ltd presents a mixed picture. Cash bank holdings have surged dramatically, increasing by 650% to £170,000, a positive sign of improved liquidity. However, corporation tax payable has skyrocketed by 450,000% to £18,000, which could indicate increased profitability or a change in tax regulations. Creditors have also risen significantly, increasing by 480% to £160,000, potentially reflecting increased investment or supplier payments. On the positive side, debtors have increased by 110% to £150,000, suggesting improved sales and collections. The company’s net assets have increased by 21% to £280,000. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Netgenium Ltd seems to be experiencing growth, with a substantial increase in cash reserves and debtors. However, the rise in creditors and corporation tax payable warrants closer monitoring. The company's success hinges on its ability to manage these financial pressures while continuing to innovate and serve its niche market of IP PoE device users.

Registered in England/Wales under the registration number 12497033, with a registered address at NE38 8QH, United Kingdom, Washington, Tyne & Wear, Unit 2 Alston Road.

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