Nexgen Construction Ltd

Nexgen Construction Ltd, based in Sheffield, UK, is a small, active company founded four years ago. With six employees and £117,059 in assets, it operates from a real address and is overseen by two directors and one owner. The company is an irregular importer, bringing in furniture, lighting, and prefabricated buildings, with the most recent import occurring just last month.

Nexgen Construction focuses on providing smart building solutions, fitout works, extensions, and a wide range of construction and surfacing services. Its website showcases a diverse product portfolio, including Betonex cladding panels, fall protection systems, and even access equipment, catering to both commercial and industrial clients. The company also emphasizes its expertise in refurbishment, fitout, and tarmac services, alongside a growing range of innovative products. They’re even involved in the manufacture of LGS houses.

Financially, Nexgen Construction’s numbers paint a mixed picture. While cash reserves have impressively increased by 500% to £45,000, net current assets liabilities have dramatically improved, dropping from a negative £52,000 to just -£1,600. However, creditors have risen by 85% to £120,000, and trade debtors have skyrocketed by 1,500% to £72,000, suggesting a potential reliance on customer payments. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant increase in debtors could indicate challenges in collecting payments. Property plant and equipment has decreased by 31%, which is concerning. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Nexgen Construction seems to be navigating a period of change, with growth in cash reserves offset by rising debts. It’s a company that’s clearly adapting and expanding its product range, but its financial health will depend on its ability to manage its growing accounts receivable.

Registered in England/Wales under the registration number 12945703, with a registered address at S8 0UJ, England, Sheffield, Unit D2 Centenary Works, 150 Little London Road.

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