Nexgen Heating Limited

Nexgen Heating Ltd from Romsey UK is a small, holding company with an active status, founded seven years ago. The company employs four people and holds £221,848 in assets, operating from a real address. With two directors and one owner, Nexgen Heating Ltd regularly imports electrical machinery and equipment (10 months, last in August 2023) but exports irregularly (2 months, last in January 2022). The company operates in the manufacture of other technical and industrial textiles industries.

The company's website highlights a unique approach to heating, focusing on infrared technology. NexGen offers ceiling paper, tiles, and rafts designed to efficiently warm properties, particularly those difficult to heat. The website emphasizes benefits like eliminating damp and mould, energy efficiency, and user-friendly controls. It caters to social housing, care homes, and businesses, offering solutions ranging from individual workstations to large commercial spaces. The technology, described as “the comfortable warmth of sunlight,” delivers heat directly to people and objects, unlike traditional convective systems.

Financially, Nexgen Heating Ltd shows a mixed picture. Current assets jumped by a significant 87% to £220,000, while net assets swung from a loss of £82,000 to a positive £82,000 – a dramatic turnaround. However, bank borrowings increased substantially, reaching £13,000, and trade debtors rose dramatically, suggesting a 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 agility, but the increased debt warrants attention. With no auditor mentioned, the financial statements are unaudited.

The company’s equity has improved greatly, but it's still reliant on external funding to keep things moving.

Registered in England/Wales under the registration number 10966404, with a registered address at SO51 9DJ, United Kingdom, Romsey, Hampshire, Unit 1, The Triton Centre, Premier Way.

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