Genetech Pharmaceuticals Limited

Genetech Pharmaceuticals Ltd, based in Rainham, UK, is a small, active family business founded five years ago. With five employees and £2,502,235 in assets, the company operates from a real address and is managed by two directors and two owners. It’s a regular importer of pharmaceutical products (16 months) and a consistent exporter (109 months), focusing on pharmaceutical goods.

The company’s website, while not providing detailed e-commerce functionality, indicates a wholesale operation specializing in pharmaceutical goods. It's unclear if they have an online store or primarily operate through direct sales or distributors.

Financially, Genetech Pharmaceuticals Ltd shows a mixed picture. Cash bank on hand increased significantly by 92% to £550,000, which is a positive sign. However, creditors have risen substantially, increasing by 160% to £2.2 million, suggesting increased reliance on credit. Trade debtors have also surged, jumping 190% to £1 million, which could indicate delayed payments from customers. Interestingly, payments received on account have increased dramatically by 360% to £240,000. Despite this, net current assets liabilities have only increased slightly by 14% to £340,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it maintain agility. The lack of an auditor mentioned suggests it’s exempt as a small company, relying on unaudited statements.

Overall, Genetech Pharmaceuticals Ltd seems to be growing, as evidenced by the increased cash reserves and payments received. However, the substantial rise in creditors and debtors warrants attention. It’s possible that the company is investing in inventory or expanding its operations, leading to increased borrowing. The growth in debtors could also be a temporary issue, or it could signal challenges in collecting payments.

Registered in England/Wales under the registration number 12370221, with a registered address at RM13 8JE, England, Rainham, Unit 3 Enterprise Business Centre, Consul Avenue.

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