Nexeon Limited

Nexeon Limited is a holding company based in Abingdon, UK, with a history spanning 19 years. The company, currently active, employs 79 people and holds assets valued at £68,181,000. It’s registered at a real address and managed by a board of ten directors, though no owners are officially listed—likely one of the directors holds a significant stake. Nexeon regularly imports machinery, boilers, and mechanical appliances parts, with 32 months of import activity recorded, the latest in November 2024. It also exports miscellaneous chemical products, with 13 months of export activity, the latest in September 2024.

The company’s core business revolves around developing and commercializing silicon-based anode technology for batteries—a significant departure from traditional graphite anodes. Nexeon's website highlights its focus on delivering a step change in energy density, enabling smaller, lighter, and more powerful batteries for electric vehicles, wearable devices, and other applications. It’s actively targeting the EV market, promising increased range and reduced pack size for vehicles using its materials. The company also caters to the medical and consumer electronics sectors.

Financially, Nexeon’s recent performance shows some concerning trends. While cash reserves remain substantial at £62 million, they've fallen by a significant 36% compared to the previous year. Current assets have also decreased by 32% to £68 million. Net losses deepened to -£13 million, a 140% increase from the prior year. Bank borrowings have increased, and trade debtors have ballooned—suggesting potential issues with customer payments or an expansion of credit terms. Despite these challenges, creditors have decreased, indicating some improvement in debt management. The company's auditor is James Cowper Kreston Audit.

The lack of owner information, coupled with the increased losses and rising debt, raises questions about Nexeon’s financial stability. While the company’s innovative technology and target markets hold promise, it will need to address these financial pressures to ensure its long-term success.

Registered in England/Wales under the registration number 05717554, with a registered address at OX14 4SB, Abingdon, Oxfordshire, 136 Eastern Avenue, Milton Park.

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