Charco Neurotech Ltd

Charco Neurotech Ltd is a small holding company based in Cambridge, UK, with an active status. Founded five years ago in June 03, 2019, it employs 23 people and holds £5,236,978 in assets. The company has a real address and is overseen by four directors and one owner. It’s an irregular importer of optical and medical tools and devices (one month of imports) and an irregular exporter of electrical machinery and equipment (two months of exports).

The company’s core focus is developing and marketing the CUE Device, a non-invasive wearable device designed to improve movement and quality of life for people with Parkinson’s. The website details the science behind the device, its features, and testimonials from users. It's clear the company operates primarily through e-commerce, selling the CUE1 and related accessories directly to consumers. The site also provides resources like FAQs, support materials, and a blog, suggesting a customer-centric approach. They even have a CUE app for iOS and Android, allowing for customization of the device and symptom tracking.

Financially, Charco Neurotech Ltd presents a mixed picture. Creditors have increased dramatically by 160%, reaching £470,000, while cash bank on hand has seen a significant boost of 64%, now at £4,500,000. However, net assets have remained relatively stable, and retained earnings have increased by 51%. Interestingly, the number of employees has decreased slightly, from 23 to 22. The company meets the criteria for a small company, with turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned is likely due to its small size, and the financial statements are unaudited.

Overall, Charco Neurotech Ltd seems to be navigating a period of growth, with increased creditor levels potentially reflecting investments in its product and marketing efforts. The strong cash position suggests a healthy financial foundation, although continued monitoring of net assets and employee numbers will be important.

Registered in England/Wales under the registration number 12028625, with a registered address at CB1 1BH, United Kingdom, Cambridge, Wellington House, East Road.

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