Nexgen Products Limited

Nexgen Products Ltd, based in Leeds, UK, is a small, family-run business with an active status. Founded twelve years ago, the company employs just two people and holds £29,170 in assets. Operating from a virtual address, it’s managed by one director and two owners. Google reviews give it a rating of 3.0 based on 27 ratings, indicating mixed customer experiences. The company is an irregular importer, primarily dealing with optical and medical tools and devices, with the latest import activity recorded two months ago.

Nexgen Products Ltd’s core business involves wholesale of hardware, plumbing and heating equipment and supplies. Its website showcases a range of services, including contract manufacturing of eliquids, analytical solutions, and design services. It also operates a large e-commerce presence, and has a bricks-and-mortar footprint in the UK. The company has a strong focus on analytical solutions and contract manufacturing, particularly in the eliquid sector, supporting hundreds of companies around the world.

Financially, Nexgen Products Ltd shows some concerning trends. While cash reserves increased by 31% to £15,000, current assets decreased by 2.9% to £29,000. Perhaps most worrying is the significant drop in equity, plummeting 96% to just £140—a dramatic reduction. Trade debtors also decreased by 25%, suggesting potential issues with customer payments. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the sharp decline in equity raises questions about its long-term viability. The accounts are abridged and unaudited, and no auditor is mentioned.

The company’s directors, Danon Giles David and Danon Jerry Benjamin, appear to be heavily involved in the business, but the financial data suggests that Nexgen Products Ltd is burning through money. It’s unclear whether this is a temporary setback or a more fundamental challenge, but the company’s future hinges on its ability to stabilize its finances and maintain its customer base.

Registered in England/Wales under the registration number 08430502, with a registered address at LS15 8BA, United Kingdom, Leeds, West Yorkshire, 49 Austhorpe Road Cross Gates.

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