NEXT-GEN POWER LTD Financials
- Company number
- NI617615CopyCopy
- Registered office
- First Floor Office Unit B4, 19 Heron Road, Belfast BT3 9LE
- Incorporated
- 28/03/2013
Company snapshot
- Status
- Active
- Employees
- 10 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-79.91%vs 20232023: £-657.94K
Total Assets
-34.64%vs 20232023: £429.22K
Cash in Bank
15.78%vs 20232023: £1.49K
Total Liabilities
34.68%vs 20232023: £1.09M
Employees
+1vs 20232023: 9
In 2024, NEXT-GEN POWER LTD reported net assets of £-1.18M. The same filing shows total assets of £280.54K, cash in bank of £1.72K and total liabilities of £1.46M. Reported headcount was 10 in 2024. Net Assets fell from £-657.94K in 2023 to £-1.18M in 2024 (-79.91%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-79.91%from £-657.94K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures NEXT-GEN POWER LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-513%vs 2022Cash in Bank
-73.8%vs 2022-48.9% a year compound (CAGR)
Employees
+25%vs 2022+2Biggest increase
Employees+25%
8 in 2022 to 10 in 2024
Biggest decrease
Net Assets-513%
£286.43K in 2022 to £-1.18M in 2024
NEXT-GEN POWER LTD's filings pull in both directions between 2022 and 2024. The steepest rise came in employee numbers, pointing to an expanding team, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from NEXT-GEN POWER LTD's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- -421.93%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 521.93%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 0.12%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 0.61%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for NEXT-GEN POWER LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | -451.32K | 286.43K | -657.94K | -1.18M |
| Total Assets£ | 55.95K | – | 429.22K | 280.54K |
| Cash in Bank£ | 2.16K | 6.59K | 1.49K | 1.72K |
| Total Liabilities£ | 507.26K | – | 1.09M | 1.46M |
| Employees | 8 | 8 | 9 | 10 |
NEXT-GEN POWER LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for NEXT-GEN POWER LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
NEXT-GEN POWER LTD reported net assets of £-1.18M for 2024. That compares with £-657.94K in 2023, a change of -79.91%.
NEXT-GEN POWER LTD reported total assets of £280.54K for 2024. That compares with £429.22K in 2023, a change of -34.64%.
NEXT-GEN POWER LTD reported cash in bank of £1.72K for 2024. That compares with £1.49K in 2023, a change of 15.78%.
NEXT-GEN POWER LTD reported 10 employees in 2024, compared with 9 in 2023.
Between 2022 and 2024, NEXT-GEN POWER LTD's net assets fell by 513%, cash in bank fell by 73.8% and employee numbers rose by 25%. Cash in bank contracted at 48.9% a year across the two years to 2024, from £6.59K to £1.72K. Reported headcount went from 8 in 2022 to 10 in 2024 (+2).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.