New Motion Labs Ltd.

New Motion Labs Ltd from Exeter UK is a small, active company founded nine years ago in December 2015. It employs fourteen people and operates from a real address, Quay House, with five directors overseeing operations and one owner, Marcel Fowler, at the helm. The company is an irregular importer, primarily dealing in iron or steel products, with just one month of imports recorded as of September 01, 2024.

The company’s website showcases a revolutionary sprocket tooth design called Enduo, which promises to dramatically improve power transfer in chain drives. It's essentially reinventing the wheel for mechanical products, aiming to transform a $1.1 trillion market. The site details the benefits of Enduo, including increased chain life and reduced friction, and actively seeks licensing partners. The business appears to be focused on technology licensing and doesn't seem to be a direct-to-consumer operation.

Financially, New Motion Labs Ltd presents a mixed picture. Accumulated amortisation for intangible assets has increased by a substantial 50%, likely reflecting increased investment in development costs. However, bank borrowings have decreased by 54%, and cash reserves have jumped 150% to £160,000—a positive sign. Creditors have also significantly decreased, but a sharp decline in net assets, down 71% to £1.3 million, is a concern. The company's small size (meeting two of three criteria for a small company) allows for flexibility, but the equity drop suggests it may be burning through cash to fuel its innovation. No auditor is mentioned, consistent with its status as a small, exempt company.

Registered in England/Wales under the registration number 09924540, with a registered address at EX2 4AN, United Kingdom, Exeter, Devon, Quay House The Gallery, Kings Wharf.

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