Elasmogen Limited

Elasmogen Limited, based in Foresterhill, Aberdeen, UK, is a large holding company with an active status. Established eleven years ago in 2014, the company employs eleven people and operates from a real address, Liberty Building, Foresterhill Health Campus. It’s led by six directors and has one owner, Bgf Investment Management Ltd. Elasmogen is a regular importer, primarily of miscellaneous chemical products, with recent activity recorded as of September 2024.

The company’s website reveals a focus on discovering and developing soloMERs—shark antibody-like proteins—for therapeutic purposes. Elasmogen’s mission is to deliver and commercialize effective treatments for autoimmune diseases and cancer. Its technology platform allows for rapid reformatting to generate multifunctional therapeutic products. The website highlights licensing opportunities, a pipeline of products, publications, and news about the company’s progress. Recent news includes presentations at conferences, collaborations with Almac Discovery, and a grant from UKRI.

Financially, Elasmogen Limited’s situation presents a mixed picture. While cash reserves decreased by 36% to £4 million, indicating a potential need for funding, bank borrowings decreased by 41% to £7,000, suggesting better management of debt. Director remuneration increased by 14% to £240,000, reflecting perhaps increased workload or compensation. Net assets declined by 33% to £4.5 million, a significant drop. The company's turnover is estimated to be over £36 million, and its balance sheet total exceeds £18 million, classifying it as a large company. The decrease in equity, however, suggests that the company may be burning through cash to fund its research and development efforts. With no auditor mentioned, the financial statements are unaudited.

Registered in Scotland under the registration number SC467513, with a registered address at AB25 2ZP, Foresterhill, Aberdeen, Liberty Building.

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