Cignpost Diagnostics Limited

Cignpost Diagnostics Ltd, based in Godalming, UK, is a medium-sized holding company with an active status. Established four years ago in June 09, 2020, it employs 519 people and holds assets worth £14,071,595. The company generated a revenue of £45,205,290 in its last reported year. It operates from a real address and is overseen by two directors and one owner. Cignpost Diagnostics regularly imports optical and medical tools and devices (5 months) and exports machinery, boilers, and mechanical appliances (11 months).

The company’s website highlights its focus on health screening and onsite testing, particularly within industries like sport, film production, corporate business, and critical infrastructure. They’ve collaborated with Cignpost Insurance Group to streamline diagnostics through CignpostMe. During the COVID-19 pandemic, Cignpost provided testing services to various industries, utilizing a network of laboratories. The website showcases case studies from organizations like the BBC and Endeavor Content, emphasizing speed, flexibility, and a low-profile approach. They offer bespoke, scalable health screening services and have completed over 5 million tests.

Financially, Cignpost Diagnostics’s picture is mixed. Within one year, accrued liabilities and deferred income dropped significantly, decreasing by 86% to £2.8 million. Amortisation and depreciation expenses also saw increases, with computer software and motor vehicles experiencing notable growth. However, administrative expenses decreased substantially, falling by 57% to £36 million. The company’s net assets declined considerably, dropping 69% to £6.6 million. Bank borrowings increased, and cash reserves decreased, indicating a need for careful cash management. Despite these challenges, the company’s turnover remained strong at £45.2 million. The company was audited by Streets Audit LLP.

While Cignpost Diagnostics is facing financial pressures, its focus on providing rapid, onsite testing services to various industries suggests a viable business model. The company's ability to adapt to changing market conditions, as demonstrated by its shift from COVID-19 testing to broader health screening services, is a positive sign.

Registered in England/Wales under the registration number 12657158, with a registered address at GU8 6BQ, United Kingdom, Godalming, The Stables, Peper Harow.

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