Amlo Biosciences Limited

Amlo Biosciences Limited is a small, active company based in Newcastle Upon Tyne, UK. Founded seven years ago in 2017, it employs fourteen people and holds £852,166 in assets. The company operates from a virtual address, registered at an address shared by twelve other businesses, which raises some questions. It has five directors, but no owners are listed – likely one of the directors holds the shares. The company is an irregular importer of pharmaceutical products, with just one month of import activity recorded as of November 2022.

The company's website isn't available, making it difficult to determine its specific online presence or e-commerce activities. However, the company operates in the technical testing and analysis industries.

Financially, Amlo Biosciences Limited has seen some concerning trends. Current assets have fallen by a significant 34%, dropping to £850,000. Net assets have plummeted 150%, resulting in a negative balance of -£620,000. Bank cash has also decreased substantially, falling 48% to £540,000. Creditors have increased dramatically, rising 440% to £1.9 million, and trade debtors have also increased by 19%. Equity has taken a big hit, decreasing 48% to -£6.9 million. While the company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, the sharp decline in equity and the increase in creditors suggest financial pressure. The company’s auditor isn’t mentioned, which is likely due to its small size and exemption from an audit. Development costs capitalised have increased by 6800 GBP, while depreciation on plant machinery has increased by 140,000 GBP.

Despite these challenges, the company's focus on technical testing and analysis could provide a stable foundation. However, addressing the rising debt and negative equity will be crucial for its long-term sustainability.

Registered in England/Wales under the registration number 11004534, with a registered address at M1 4PB, Manchester, C/O GRANT THORNTON UK ADVISORY & TAX LLP, 11th Floor Landmark St Peters Square Oxford Street.

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