Askbio Uk Ltd

Askbio UK Ltd, based in Midlothian, UK, is a sizable company operating as a holding company with an active status. Established fourteen years ago in 2010, it employs fifty-two individuals and holds assets totaling £15,059,171. The company, with three directors and one owner, maintains a real address at the Roslin Innovation Centre and regularly imports optical and medical tools and devices, with its last import operation conducted on January 1, 2025.

The company’s website showcases Askbio as a biotechnology firm focused on gene therapy technology and therapeutics. It highlights a pipeline of research and development, emphasizing collaborations and a commitment to advancing genetic medicine. A recent announcement details the election of Dr. Laura SeppLorenzino to the Board of Directors, bringing over thirty years of executive and academic experience. The website also details a partnership with Bayer AG, who owns Askbio.

Financially, Askbio UK Ltd shows a mixed picture. While current assets increased by 13% to £15 million, net assets decreased by 59% to £1.8 million. Bank borrowings increased by 13%, reaching £8.4 million, and cash reserves decreased by 57% to £2.5 million. Creditors decreased by 8.3%, suggesting improved debt management. The company’s size (meeting two of three criteria for a large company) helps it maintain agility, but the equity decline warrants attention. Johnston Carmichael LLP served as the auditor, and the financial statements are audited.

The company’s focus on research and development, coupled with its partnership with Bayer, suggests a long-term investment strategy. However, the recent financial trends indicate a need for careful management to ensure sustainable growth.

Registered in Scotland under the registration number SC384375, with a registered address at EH25 9RG, Scotland, Midlothian, Roslin Innovation Centre, Easter Bush Campus.

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