Nex Power Ltd

Nex Power Ltd, based in Milton Keynes, UK, is a small, family-owned business with an active status. Founded fourteen years ago in 2010, the company employs ten people and holds £348,228 in assets, generating £347,059 in revenue annually. With three directors and two owners, the company operates from a real address and is registered with only one other company at the same location. They regularly import electrical machinery and equipment—five months of activity recorded—and occasionally export similar items, with just two months of export activity.

Nex Power’s website showcases a focus on advanced propulsion and power generation technologies. They offer solutions ranging from compact generators for off-grid households to aviation propulsion systems and even portable EV chargers. A key area is their work with micro gas turbine technology, aiming for sustainable energy solutions. The company’s website details a range of products, including power generation energy solutions, aviation propulsion, hybrid propulsion systems, and portable power generators. They even have a section dedicated to their mission of delivering high-performance, low-emission solutions.

Financially, Nex Power Ltd’s recent performance presents a mixed picture. While turnover increased by a substantial 130%, net assets decreased by 26% to £2.2 million. Cash reserves have fallen significantly, dropping 96% to just £5,200. Bank borrowings, however, have surged by an astounding 9,700%, reaching £980,000—a dramatic shift. Creditors have also increased, by 440%, to £1.4 million. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the sharp decline in equity and the large increase in borrowings raise concerns. There's no auditor mentioned, so the figures are unaudited.

The company's increased borrowing could be a sign of investment in new technologies or expansion efforts, but the decline in cash reserves suggests potential financial strain. The family-run nature of the business and its focus on niche technologies like micro gas turbines could be both a strength and a weakness, depending on market demand and competition.

Registered in England/Wales under the registration number 07300839, with a registered address at MK11 3JB, Milton Keynes, 9, Centurion Court Brick Close, Kiln Farm.

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