Nixplay Uk Limited

Nixplay Uk Limited is a small, active company based in Plymouth, UK, founded three years ago in July 2021. It operates with a virtual address, employs ten people, and holds £483,057 in assets. The company is led by one director and one owner, who is also the solo founder.

The business primarily engages in retail sales via mail order and the manufacture of consumer electronics. Its website highlights a focus on digital photo frames and related products, suggesting a modern, technology-driven retail operation. While the address is listed as 7 Sandy Court, Ashleigh Way, Langage Business Park, it's likely a virtual address as seventy-one companies are registered at the same location.

Financially, Nixplay Uk Limited presents a mixed picture. While its net assets increased by 94% to £59,000, cash reserves experienced a significant drop of 91%, falling to just £22,000. Trade debtors surged by 140%, indicating potentially delayed customer payments, while creditors decreased by 27%, suggesting better debt management. The company’s size—meeting two of three criteria for a small company—allows for agility, but the sharp decline in cash warrants attention. Property, plant, and equipment increased by 450%, which could indicate investment in new equipment or a revaluation of existing assets. The company's accounts are audited, and the production software used is IRIS Accounts Production.

The substantial increase in debtors, coupled with the decrease in cash, suggests that the company may be experiencing challenges in converting sales into cash flow. This could be due to a number of factors, such as changes in customer payment terms or an increase in sales on credit. The auditor, Mark Holt & Co Limited, would likely have investigated these trends during the audit process. The company's focus on consumer electronics, particularly digital photo frames, positions it within a competitive market, and its ability to manage cash flow will be crucial for its long-term success.

Registered in England/Wales under the registration number 13522944, with a registered address at PL7 5JX, United Kingdom, Plymouth, 7 Sandy Court Ashleigh Way, Langage Business Park.

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