Epipole Ltd

EPIPOLE LTD, a small, active company based in Cambridge, UK, is dedicated to tackling preventable blindness through the development of optical design products. Founded in 2011, the company employs seven people and holds £1,800,000 in net assets. With four directors at the helm and a registered address, it’s a focused operation. The company's website, epipole.com, showcases its innovative lens design and optical solutions, targeting a global market.

EPIPOLE LTD operates primarily through research and development, with a focus on creating affordable and accessible optical devices. The company's work involves complex optical engineering and collaboration with various research institutions. While the website highlights the company's mission and technology, it doesn't appear to be a direct e-commerce platform—instead, it serves as a portal for information and potential partnerships.

Financially, EPIPOLE LTD’s report paints a concerning picture. Accumulated depreciation impairment property plant equipment has increased significantly by 78%, indicating substantial investment in fixed assets—particularly Land Buildings. However, cash bank on hand has plummeted 40% to £630,000, and equity has completely vanished, dropping 100% to zero. Debtors have ballooned by 69% to £1,400,000, suggesting a reliance on customer payments, while creditors have increased by 26% to £290,000. The number of employees has also decreased by 42% to just seven, which could be a cost-cutting measure. The company’s retained earnings and accumulated losses have increased by 12% to -£3,700,000.

These trends suggest EPIPOLE LTD is burning through cash at a rapid pace. The significant increase in debtors and decrease in cash reserves indicate potential issues with cash flow management. The complete loss of equity is a serious concern, and the decrease in employees may be a sign of restructuring or cost reduction. The report mentions a US subsidiary loan of £1,278,210, and notes the company will require further investor support to enable investment into the US market. While the company’s mission is laudable, its financial health is precarious, and the reliance on external funding is evident. The accounts are unaudited, and no auditor is mentioned.

Registered in Scotland under the registration number SC391348, with a registered address at DD1 3JT, Dundee, Angus, C/O Begbies Traynor Suite 9 River Court, 5 West Victoria Dock Road.

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