Genlab Limited

Genlab Ltd from Widnes UK is a small holding company with an active status, established 61 years ago in 1963. The company employs 38 people and holds assets valued at £2,084,163. It has a real address, is managed by three directors, and is owned by one individual. Genlab operates an e-commerce site and engages in both importing and exporting. It’s an irregular importer of machinery, boilers, and mechanical appliances, with two months of import activity recorded, the last in December 2022. Conversely, it’s a regular exporter of electrical machinery and equipment, boasting 50 months of export activity, the most recent in February 2025.

The company’s website is currently unavailable, so it’s difficult to ascertain the full scope of its online presence. However, it’s known that Genlab operates in the manufacture of ovens, furnaces, and furnace burners.

Financially, Genlab Ltd presents a mixed picture. While current assets increased by 12% to £2,100,000, net losses deepened from -£120 to -£150. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 41% to £100,000. Creditors decreased by 22%, suggesting better debt management. 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 stay agile, but the sharp equity drop raises questions. The company’s auditor is DSG Audit. With no auditor mentioned, the figures rely on unaudited statements.

The increase in bank borrowings and the decrease in cash reserves could indicate that Genlab is investing in growth or facing temporary cash flow challenges. It’s possible that the company is expanding its product line or exploring new markets, which would require additional funding. However, it’s also possible that the company is experiencing increased competition or facing other economic headwinds. The rise in trade debtors could suggest a need to improve credit control procedures.

Registered in England/Wales under the registration number 00763725, with a registered address at WA8 0SR, England, Widnes, Cheshire, Tan House Lane.

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