Avonchem Diagnostics Limited

Avonchem Diagnostics Ltd, based in Witney, UK, is a small, active family business established 14 years ago. With four employees and £625,424 in assets, it operates from a real address and is overseen by two directors and owners. The company regularly imports and exports miscellaneous chemical products, with 10 months of import activity and 47 months of export activity recorded. It's a small company, meeting two of the three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website reveals a business focused on supplying premium chemical and diagnostic products to the healthcare industry. From its base in Macclesfield, Avonchem Diagnostics Ltd sources products from a network of long-standing manufacturers and importers, offering over 3,000 product lines. It caters to NGOs and their suppliers, emphasizing quality, competitive pricing, and short lead times. The company’s website also highlights its history, with the Avonchem name existing for over 50 years, initially focused on chemicals, buffers, and reagents, and expanding to include diagnostic tests used to indicate underlying health conditions. The business is led by CEO James Gray, who has extensive knowledge of the life sciences, healthcare, and biotechnology industries.

Financially, Avonchem Diagnostics Ltd presents a mixed picture. Cash bank on hand has dramatically decreased by 87%, falling to £46,000, while creditors have also significantly reduced by 59%, to £65,000. Current assets have dropped by 45%, to £630,000, and net assets have fallen by 43%, to £560,000. Trade debtors have also seen a substantial decrease, down 67% to £100,000. While these declines suggest potential challenges, the reduction in creditors could indicate improved debt management. The company is exempt from an audit as a small company, so the figures are unaudited.

Overall, Avonchem Diagnostics Ltd appears to be navigating a period of change. While the company’s financial position has weakened, its focus on premium products and strong industry knowledge suggests potential for future growth—though it’s unclear how the company will manage its reduced cash reserves.

Registered in England/Wales under the registration number 07268954, with a registered address at OX28 4BE, England, Witney, Oxfordshire, First Floor, 1 Des Roches Square, Witan Way.

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