Nextcorr Ltd

Nextcorr Ltd, based in Chesterfield, UK, is a small holding company with an active status, founded four years ago in June 2020. Employing just three people, the company holds £840,848 in assets and operates from a real address in Staveley. It’s a solo-founded venture led by three directors and three owners, though the ownership list may not be exhaustive. Nextcorr Ltd regularly imports and exports electrical machinery and equipment, with 19 months of import activity and 68 months of export activity recorded, the latest in January 2025 for imports and February 2025 for exports. The company operates within the manufacture of other transport equipment n.e.c. industries.

While Nextcorr Ltd’s website is currently unavailable, its activities suggest a focus on international trade in electrical components. The company likely sources machinery and equipment from overseas, then re-exports it or sells it directly to UK-based businesses. The absence of a website could mean the company operates primarily through business-to-business channels, relying on direct sales and networking rather than online retail.

Financially, Nextcorr Ltd shows a mixed picture. Cash reserves have significantly increased by 160%, reaching £420,000, which is a positive sign of improved liquidity. However, trade debtors have decreased by 43%, dropping to £240,000, which could indicate slower customer payments or a shift in sales strategy. Creditors have also increased by 5.4%, reaching £450,000, and bank borrowings have risen by a substantial 94%, reaching £13,000. Intangible assets have increased to £60,000, and fixed assets have increased to £79,000. Despite these fluctuations, the company’s net assets have increased by 64%, reaching £230,000, indicating overall financial strength. Being a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), Nextcorr Ltd benefits from agility, but the changes in debtor and creditor balances warrant close monitoring. There is no auditor mentioned, likely due to the company’s small size and exemption from an audit.

Registered in England/Wales under the registration number 12661448, with a registered address at S43 3LS, England, Chesterfield, Derbyshire, Future House Adelphi Way, Staveley.

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