Als Labs Limited

Als Labs Ltd, based in Leigh-on-Sea, UK, is a small holding company with an active status, having been founded fourteen years ago in 2011. The company employs seventeen people and holds £1,467,085 in assets. It operates from a virtual address, registered at Sutherland House, which is shared by eighty other companies – a red flag. Three directors and one owner manage the business, with Sprawling Holdings Ltd being the owner.

The company’s primary focus appears to be laboratory furniture and related services. Its website details a range of products, including benches, storage solutions, fume cupboards, and even self-play systems for pianos. It caters to sectors like education, defence, pharmaceuticals, and public health, with projects across the UK and even exports. The website is very detailed and well-designed, suggesting a focus on professional presentation.

Financially, Als Labs Ltd’s performance is mixed. Current assets have decreased by 14% to £1.5 million, while net assets have fallen by 4.3% to £1.5 million. Bank borrowings have dramatically increased by 590% to £1,000, and cash reserves have risen by 9.6% to £460,000. Creditors have increased by 30% to £430,000. Trade debtors have fallen by 23% to £900,000. The company meets the criteria to be considered a small company, with turnover below £10.2 million, assets under £5.1 million, and fewer than fifty employees. The unaudited financial statements, prepared by Platt Rushton LLP, do not mention an auditor.

The increase in bank borrowings, alongside the decrease in current assets, suggests that the company may be burning through cash, although the rise in cash reserves is a positive sign. The high number of companies sharing the registered address raises concerns about the legitimacy of the address, but the detailed website and client portfolio demonstrate a genuine business operation. It seems like the company is doing well, but it’s important to keep an eye on its financial health in the coming years.

Registered in England/Wales under the registration number 07578931, with a registered address at SS9 2RZ, Leigh On Sea, Essex, Sutherland House, 1759 London Road.

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