Amber Therapeutics Limited

Amber Therapeutics Limited, based in London, UK, is a small holding company with an active status, having been founded 31 years ago in 1993. The company employs just three people and holds £209,661 in assets, operating from a virtual address shared by 216 other companies. It’s led by one director, and one owner, with the director list having been updated two months ago. Amber Therapeutics is a regular importer and exporter, specializing in optical and medical tools and devices, with 14 months of import activity and 13 months of export activity recorded.

The company’s website, hireful, appears to be a recruitment platform, suggesting Amber Therapeutics may be involved in sourcing talent for the medical device or related industries. While the exact connection between Amber Therapeutics and hireful isn’t immediately clear, it points to a potential diversification of the company's activities beyond its core import/export business. The site is well-designed and user-friendly, indicating a focus on professional branding.

Financially, Amber Therapeutics shows a mixed picture. Current assets decreased by 29% to £210,000, while net assets plummeted 300% to -£330,000. Bank borrowings increased significantly by 160%, reaching £27,000, and cash reserves rose by 560%, reaching £59,000. Trade creditors decreased by 60%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely means the accounts are unaudited.

The sharp decline in equity is a significant concern, suggesting the company may be burning through cash or facing financial pressures. The increase in bank borrowings could be a response to these pressures, or it could be funding growth initiatives. The rise in cash reserves is a positive sign, but it’s important to monitor whether this trend continues. The company’s small size provides agility, but the financial challenges require careful management.

Registered in England/Wales under the registration number 02826839, with a registered address at OX11 0QQ, England, Didcot, Unit 1 Tech Foundry 2, Curie Avenue.

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