Next Commerce Ltd

Next Commerce Ltd is a small, active company based in Leeds, UK, founded two years ago. With a single employee and £3,667 in assets, it’s a solo founder operation managed by two directors. The company operates in both retail sales via mail order and internet, and management consultancy industries. Its website showcases a unique “MultiSeller Checkout” solution designed to increase sales for brands and dealers.

The website highlights Next Commerce’s focus on enabling brands to create a “D2C-like buying experience” by routing online orders to sales partners. It offers a "MultiSeller Checkout" that integrates with existing websites, allowing businesses to easily add partner sales capabilities. The site also promotes "Direct Online Sales" and "Increase Dealer Sales" features, emphasizing the potential to boost revenue and conversions. It’s clear Next Commerce is targeting businesses looking to expand their online sales channels and leverage a network of dealers.

Financially, Next Commerce Ltd shows a mixed picture. While cash bank on hand increased by 70% to £1,700, current assets also grew by 24% to £3,700. However, equity dropped significantly by 1200% to £26, and net current assets and liabilities decreased by 42% to -£370. Creditors increased by 12% to £4,000, and debtors remained constant at £2,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decline in equity is a concern. No auditor is mentioned, so the financial statements are unaudited.

Overall, Next Commerce Ltd appears to be a young company navigating the challenges of growth. Its innovative “MultiSeller Checkout” solution shows promise, but the financial data suggests it’s burning through money, and the company needs to carefully manage its cash flow to ensure long-term sustainability.

Registered in England/Wales under the registration number 14277300, with a registered address at LS27 7SJ, England, Leeds, 6 Hardy Avenue, Morley.

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