Arterius Limited

Arterius Limited, based in Leeds, UK, is a small, active company founded fifteen years ago in 2009. With eleven employees and £1,011,983 in assets, it operates from a real address within a business park. The company has six directors, but no owners are currently reported – a common situation where directors also hold significant shares. Arterius is a regular importer, specializing in optical and medical tools and devices, with its last import operation recorded five months ago in July 2023.

The company's website reveals a focus on developing innovative polymer technologies for medical devices, specifically targeting vascular intervention. Arterius has developed two advanced platforms: a drug delivery system and a bioresorbable scaffold. It appears to be a research and development-focused business, partnering with academic and industry leaders to bring these technologies to market. There's no direct evidence of e-commerce activity; instead, the site showcases its technologies and partnerships, suggesting a business-to-business model rather than direct sales to consumers.

Financially, Arterius Limited is showing some concerning trends. Cash reserves have plummeted by 54%, dropping to £800,000, while net assets have fallen by 18%, reaching £3.5 million. Trade debtors have surged by a substantial 190%, indicating potential issues with collecting payments from customers. Although creditors decreased slightly, the significant drop in cash and increase in outstanding debts suggests the company is burning through money. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Despite this, the substantial decrease in equity raises questions about its long-term financial health. The company’s financial statements are unaudited, and no auditor is mentioned.

Registered in England/Wales under the registration number 06981739, with a registered address at LS16 6QY, England, Leeds, West Yorkshire, Mayesbrook House Lawnswood Business Park, Redvers Close.

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