Dxcover Limited

Dxcover Limited is a small, active company based in Glasgow, UK, founded eight years ago in 2016. With £5,759,306 in assets and a real address, it employs eighteen people and is overseen by nine directors, with Hegarty Mark as the sole owner. The company’s status is active. It operates in the research and experimental development sector, specifically focusing on natural sciences and engineering.

Dxcover Limited’s business model is somewhat unusual. While it’s a regular exporter of optical and medical tools and devices – with three months of export activity recorded, the last in November 2024 – it’s an irregular importer, bringing in miscellaneous chemical products for just one month, the last in February 2025. The company also owns a subsidiary, Dxcover Sub Limited.

Financially, Dxcover Limited shows some interesting trends. Accumulated amortisation and depreciation have increased, indicating investment in intangible and tangible assets. Cash reserves have grown dramatically – a 2,500% increase to £5,100,000 – a very positive sign. However, net assets have also increased significantly, rising by 160% to £9,800,000. Bank borrowings have increased by 63%, reaching £2,100. Creditors have increased by 170%, suggesting the company is leveraging debt to fuel growth. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increased debt levels warrant close monitoring. With no auditor mentioned, the figures are unaudited.

Overall, Dxcover Limited appears to be a growing company with a unique blend of import and export activities. The substantial increase in cash reserves is encouraging, but the company will need to manage its increased debt levels effectively to sustain its growth trajectory.

Registered in Scotland under the registration number SC535447, with a registered address at G1 1XW, Scotland, Glasgow, Suite Rc534, Royal College Building, 204 George Street.

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