Nex Space Ltd

Nex Space Ltd, based in London, UK, is a small, active company founded five years ago in 2019. It’s a solo-founder operation with a single employee and £2,593 in assets, operating from a virtual address shared by nineteen other companies. Five directors oversee the business, which is owned by Ma Qun. The company regularly imports machinery, boilers, and mechanical appliances, with its last import operation occurring three months ago. It’s also involved in business and domestic software development, the manufacture of consumer electronics, and other business support services.

The company’s website, NexSpace Developments, focuses on building "Tomorrow's Spaces," with a simple design and a call to action to sign up for email updates. The site uses cookies to analyze traffic and optimize the user experience. It’s a small operation, meeting two of three conditions for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Nex Space Ltd shows some concerning trends. Current assets have fallen by 52%, dropping to £2,600, while net assets have plummeted 39%, reaching -£120,000. Bank borrowings have increased significantly, rising 61% to £88,000. Cash reserves have also decreased dramatically, falling 95% to just £220. Creditors have increased, too, rising 30%. Despite these challenges, trade debtors have doubled, suggesting improved collection of payments. The company’s accounts are unaudited, and no auditor is mentioned.

Overall, Nex Space Ltd appears to be facing financial pressures, with decreasing assets and increasing debt. While the company’s website suggests a focus on future-oriented development, the financial data indicates a need for careful management.

Registered in England/Wales under the registration number 12256730, with a registered address at SE10 9JB, England, London, Office 3 4a Nelson Road.

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