Electrogenos Ltd

Electrogenos Ltd, based in Abingdon, UK, is a small, active company founded just two years ago. With three employees and £331,169 in assets, it operates from a real address and is overseen by two directors and owners. The company is an irregular importer, primarily dealing in optical and medical tools and devices, with its last import activity recorded just one month ago in May 2024.

The company’s website is currently unavailable, making it difficult to assess its online presence or specific business model. However, its registration details indicate it operates within the research and experimental development sector, specifically focusing on natural sciences and engineering. It seems to be a small-scale operation, meeting two of the three criteria to be classified as small (turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees).

Financially, Electrogenos Ltd presents a mixed picture. While cash bank on hand has plummeted by 75% to £130,000, indicating a potential drain on reserves, trade debtors have significantly increased by 120%, suggesting a possible shift in payment terms or an increase in credit sales. Creditors have also decreased by 41%, which could be a positive sign of improved debt management. However, the most concerning trend is the sharp decline in equity, with retained earnings and accumulated losses remaining at -£870,000. Bank borrowings have increased, reaching £24,000, and net current assets have fallen by 46%. It's worth noting that the company’s depreciation charge for property, plant, and equipment has remained consistent. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Electrogenos Ltd appears to be navigating a challenging financial landscape. While it has managed to increase its sales (as reflected in the rise in trade debtors), it’s burning through cash and struggling to build equity. The lack of information on its website makes it difficult to fully understand its business model and prospects, but the company's small size and lean structure could allow it to adapt to changing market conditions.

Registered in England/Wales under the registration number 14253077, with a registered address at OX14 4SB, England, Abingdon, Oxfordshire, Bee House 140 Eastern Avenue, Milton Park.

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