Cocoon Labs Ltd

Cocoon Labs Ltd, based in Leeds, UK, is a small holding company with an active status, established ten years ago in 2014. Employing twelve people and holding £143,922 in assets, it operates from a real address shared by only two other companies. The company is led by two directors and has one owner, with a respectable Google rating of 4.0 based on three reviews. It’s an irregular importer, primarily dealing with electrical machinery and equipment, with its last import operation occurring two months ago.

The company’s website reveals it’s a Luxury Healthcare Concierge Service operating in Lagos, Nigeria, and serving clients in Nigeria, the United Kingdom, and beyond. It provides access to tailored healthcare, positioning itself as a premium provider. The site doesn's seem to be an e-commerce site.

Financially, Cocoon Labs Ltd presents a mixed picture. Accumulated depreciation impairment for property, plant, and equipment has decreased significantly, with a drop of 47% in land and buildings, and a staggering 97% in other equipment. Amounts owed to group undertakings have increased by 41%, and cash bank on hand has fallen by 43%. Creditors have risen by 40%, and net current assets and liabilities have increased by 43%. The company's average number of employees has increased by 25% to fifteen. Despite these challenges, the company’s equity has decreased by 19%. It meets two of three criteria to be considered a small company, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor is consistent with its small size.

While the healthcare concierge service appears to be a promising venture, the financial data suggests the company is burning through money. The significant drop in cash reserves and the increase in liabilities raise concerns about its long-term sustainability. It's likely the company is investing heavily in its service and marketing efforts, but it will need to carefully manage its expenses to avoid running out of capital.

Registered in England/Wales under the registration number 09045251, with a registered address at LS2 7EY, Leeds, 46 The Calls.

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