Nexturn Ltd

Nexturn Ltd is a small, active company from Ilford, UK, founded seven years ago in December 2017. It’s a solo venture, run by a single director and owner, employing just one person and holding a modest £1 in assets. The company’s registered address is real, with only one other business registered there.

Nexturn operates in the retail sale via mail order houses or via internet, and also works in the advertising agencies industries. Its website highlights a focus on cloud engineering services, including cloud native engineering, data analytics, and security solutions. They position themselves as a partner helping businesses navigate cloud transformation, offering services from ideation to continuous engineering. The site also features case studies and a blog, showcasing their work with financial services, hitech, and manufacturing clients.

Financially, Nexturn Ltd's latest report reveals some concerning trends. Net assets have declined by 4%, settling at -£3,900. Cash bank on hand remains steady at £1, however. Trade creditors have increased by 4%, reaching £3,900. Average number of employees during the period has dropped to zero, which is a big change from the previous year. It’s a small company, meeting two of three criteria for size (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The accounts are unaudited and exempt from audit, relying on director-reported data.

While the company’s cloud services offerings appear ambitious, the financial picture suggests it’s facing challenges. The decline in equity and the drop in employee numbers raise questions about its sustainability. It’s possible that Nexturn is reinvesting heavily in its cloud services business, but the lack of positive cash flow is something to keep an eye on.

Registered in England/Wales under the registration number 11094838, with a registered address at IG1 1JH, England, Ilford, Unit1 Kataria Point, 1 Riches Road.

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