Bioptix Ltd

Bioptix Ltd, based in New Malden, UK, is a small, active company founded three years ago. With a single employee and £231,984 in assets, it operates from a virtual address shared by twelve other companies, a fact that raises a flag. The company is led by a solo founder, He Yu, who also serves as director and owner. It's a regular importer, primarily bringing in electrical machinery and equipment, with recent activity recorded in September 2023.

The company’s website is unavailable, so it’s difficult to determine the specifics of its operations beyond the import activity. However, the financial data suggests a company in a precarious position. While current assets increased by 84% to £230,000, net assets dramatically decreased by 1300% to -£240,000. Bank borrowings have exploded, increasing by an astonishing 260% to £570,000, and cash reserves have dwindled to just £21,000. Creditors also rose significantly, by 260% to £550,000. The number of employees has increased from one to five, a substantial jump that may be contributing to the increased expenses.

Despite meeting the criteria for a small company—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—the sharp decline in equity is concerning. The company’s reliance on debt is a significant risk factor. It's worth noting that the accounts are unaudited, so the figures rely on director-reported data. The company's description of its activities as research and experimental development on biotechnology industries is interesting, but without a website, it’s difficult to understand how this translates into revenue.

Registered in England/Wales under the registration number 13459704, with a registered address at KT3 4BY, England, New Malden, Surrey, Unit 2, Second Floor, 39-41 High Street.

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