Next Exhibition Group Ltd

Next Exhibition Group Ltd, based in London, UK, is a small, active company founded just three years ago in 2021. With two employees and £9,257 in assets, it operates from a virtual address, managed by a single director and owner—a solo founder. The company is irregular both importing and exporting toys, games, and sports equipment, with two months of import activity and one month of export activity recorded. It's a bit strange that the address is virtual, with 67 companies registered there.

The company’s website reveals a fascinating business model: Next Exhibition Group specializes in immersive digital exhibitions, bringing art and culture to life through technology. They produce and manage these experiences across Italy, the UK, Spain, and the US, showcasing artists like Van Gogh, Monet, and Klimt. The website highlights a focus on “edutainment,” blending education and entertainment for a broad audience. They also offer merchandise and even have a division dedicated to immersive events and family entertainment.

Financially, Next Exhibition Group Ltd is showing some concerning trends. Current assets have plummeted by a staggering 96%, dropping to just £9,300, while net assets have also fallen dramatically to -£470,000. Bank borrowings have increased, and cash reserves have significantly decreased. Trade debtors are down, which is good, but the overall picture suggests the company is burning through cash. The company meets the criteria to be a small company, but the sharp decline in equity raises questions about its long-term viability. With no auditor mentioned, the figures are unaudited.

The company’s reliance on temporary exhibitions and digital experiences could be both a strength and a weakness. While these events generate excitement and attract visitors, they also create financial volatility. Whether Next Exhibition Group Ltd can sustain its ambitious vision in the face of these challenges remains to be seen.

Registered in England/Wales under the registration number 13703592, with a registered address at W1T 6EJ, England, London, 20 Fitzroy Square.

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