Advent Bioservices Ltd

Advent Bioservices Ltd, based in Cambridge, UK, is a sizable company operating as a holding entity with an active status. Established eleven years ago in 2013, it employs fifty-six people and holds £19,161,102 in assets. The company boasts a real address and is overseen by two directors and two owners, earning a stellar 5.0 Google rating from two reviews. It regularly imports plastics and plastic products (eighteen months of activity) and occasionally exports miscellaneous chemical products (one month).

The company functions as a Contract Development Manufacturing Organisation (CDMO), specializing in cell therapy. Its website highlights a state-of-the-art facility nearing completion outside Sawston, Cambridgeshire, designed for Good Manufacturing Practice (GMP) production. This facility, strategically located within the UK's "golden triangle" for cell and gene therapy, will allow for scale-up of current production and contract manufacturing services. The company operates a cleanroom suite, in-house quality control, and offers services like process development and validation. Ultracold and cryogenic facilities are also available for external clients.

Financially, Advent Bioservices Ltd presents a mixed picture. While current assets increased by a substantial 41% to £19,000,000, net assets also grew by 49% to £23,000,000. However, bank borrowings surged by a significant 110%, reaching £26,000,000, and cash reserves fell 81% to £37,000. Creditors also increased by 200%, reaching £34,000. Key management personnel compensation jumped considerably, at £620,000. The company’s size (meeting two of three criteria for a large company) suggests it’s experiencing growth, but the reliance on borrowing and the drop in cash reserves indicate potential financial strain. The company's accounts were audited by Mercer & Hole LLP. The rise in losses, despite increased assets, may be due to investment in the new facility.

Registered in England/Wales under the registration number 08717711, with a registered address at CB22 3JG, United Kingdom, Cambridge, Sawston Business Park, Sawston.

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