Next Gen Facades Ltd

Next Gen Facades Ltd, based in Colchester, UK, is a small holding company with an active status. Established seven years ago in 2018, the company employs just one person and holds assets valued at £609,430. It operates from a virtual address, registered at a location shared by 230 other companies, and is overseen by one director and one owner. The company is an irregular importer, with its top import category being Miscellaneous food products, totaling one month of imports, the last operation being conducted in July 2021.

The company’s website showcases a focus on facade solutions, offering services like rainscreen cladding, steel framing, and architectural rendering. It targets both new construction and refurbishment projects, emphasizing a blend of technology and craftsmanship. The website highlights a commitment to cost-effective design modifications, robust environmental protection, and improved energy efficiency—all key considerations for modern building projects. They even have a showroom in Harrods, London.

Financially, Next Gen Facades Ltd shows a mixed picture. While current assets have increased by a substantial 68% to £610,000, net assets have also seen a significant jump of 76% to £380,000. However, bank borrowings have decreased by 50% to £14,000, and cash reserves have surged by an impressive 2100% to £110,000. Creditors have also increased by 56% to £240,000. The number of employees has risen dramatically, from one to seven, which is a big change. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the increase in employees may be a sign of growing pains. No auditor is mentioned, which is common for small companies.

Overall, Next Gen Facades Ltd seems to be experiencing growth, but the increased expenses and debt suggest it may be burning through cash. The company's focus on facade solutions and its commitment to quality position it well in the market, but its financial health will need to be monitored closely.

Registered in England/Wales under the registration number 11148911, with a registered address at SS9 1PE, United Kingdom, Leigh-On-Sea, Essex, 57a Broadway.

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