Next Gen Stores Ltd

Next Gen Stores Ltd is a small, active company based in London, UK, founded just one year ago. With a single employee and a real address, it’s a solo venture led by a director and owner. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website is currently under maintenance, displaying a message indicating scheduled maintenance and promising to be back online shortly. This suggests a temporary disruption to their online operations, possibly related to updates or improvements to their e-commerce platform. It's unclear if they have a physical store location beyond the registered address.

Financially, Next Gen Stores Ltd appears to be navigating challenging waters. While cash reserves remain steady at £2,700, net assets are in the negative at -£5,000. Creditors are also steady at £7,700. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the financial statements are unaudited. The lack of significant cash flow and negative net assets suggest the company may be burning through money, relying on credit to keep operating. It's possible that the website maintenance is linked to an attempt to boost sales and improve financial stability. The fact that the company has only one employee and is run by a solo founder could indicate a lean operation, but it also highlights the potential for limited resources and scalability.

Registered in England/Wales under the registration number 15069197, with a registered address at SW19 8RL, England, London, 2 Stanley Road Flat 34, 2 Stanley Road.

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