Neucin Design Limited

Neucin Design Ltd from Norwich UK is a small, active company founded eight years ago. It employs five people and operates from a virtual address, registered with 197 other companies, a detail that raises some questions. The company has two directors but no owners reported, which is not unusual for smaller entities. It boasts a perfect 5.0 Google rating based on two reviews. Neucin Design is an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances; parts, with the most recent import activity occurring two months ago.

The company’s website paints a picture of a customer-focused innovator specializing in medical device design and development. They offer services across three key areas: drug delivery devices, med tech devices, and diagnostics. Their website highlights a team of engineers and designers committed to partnering with healthcare professionals to change patients’ lives. They offer services from inception to industrialised commercial platforms, with a focus on usability, functionality, and manufacturing. Contact information is provided, along with social media links and a commitment to quality.

Financially, Neucin Design Ltd shows a mixed bag. Cash reserves have increased significantly, up 77% to £140,000, a positive sign. However, accrued liabilities and deferred income have also increased slightly, by 4.7%. Trade debtors have decreased by 28%, which could indicate improved cash flow management, or potentially, a slowdown in customer payments. A significant increase in the depreciation rate for plant machinery (23%) suggests the company is investing in new equipment, but also reflects a higher write-off of existing assets. The most notable change is the surge in “other provisions balance sheet subtotal,” increasing by an astonishing 2400%—a detail that warrants further investigation. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the substantial increase in other provisions raises some concerns. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Registered in England/Wales under the registration number 10738027, with a registered address at NR1 1RE, United Kingdom, Norwich, Norfolk, C/O Larking Gowen 1st Floor Prospect House, Rouen Road.

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