Abacus Medicine Pharma Services Ltd

Abacus Medicine Pharma Services Ltd, based in Farnborough, UK, is a small holding company with an active status. Founded eleven years ago in December 2013, it employs twenty people and holds assets totaling £5,792,873. The company operates from a virtual address, a fact highlighted by the presence of eleven companies registered at the same location. It’s led by two directors and two owners, though the owner list may not be exhaustive. Abacus Medicine Pharma Services Ltd regularly imports and exports pharmaceutical products, with three months of import activity and four months of export activity recorded.

The company’s website, while not providing detailed information, suggests a focus on wholesale pharmaceutical goods. It’s unclear whether the company operates an e-commerce platform, but the focus appears to be on business-to-business transactions rather than direct consumer sales.

Financially, Abacus Medicine Pharma Services Ltd presents a mixed picture. Cash bank on hand has seen a significant increase of 550%, jumping to £3.2 million, which is a positive sign. However, net current assets liabilities have also increased by 24%, reaching -£7.8 million. Trade debtors have decreased sharply, dropping 52% to £1.2 million, which could indicate improved collection efforts or reduced sales. Creditors have risen by 24%, reaching £14 million, and bank borrowings have increased by a substantial 2,400% to £29,000. Losses deepened from -£2 million to -£1.5 million. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the substantial equity drop warrants attention. The company’s financial statements are unaudited, and no auditor or audit firm is mentioned.

Despite the challenges, the company’s increased cash reserves and improved debt management suggest a focus on financial stability. The growth in bank borrowings may be a short-term measure to support operations, but the long-term sustainability of the business will depend on its ability to generate consistent profits and manage its liabilities effectively.

Registered in England/Wales under the registration number 08809922, with a registered address at GU14 7NA, England, Farnborough, Abbey House, 282 Farnborough Road.

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