Geolabs Ltd

Geolabs Ltd, based in Watford, UK, is a small, active company established 29 years ago. Employing 50 people, the business holds £1,558,492 in assets and operates from a real address. With six directors and one owner, it maintains a stellar 5.0 Google rating based on six reviews. The company is a regular importer of optical and medical tools and devices, with recent activity recorded in December 2024.

The company’s website reveals a focus on geotechnical testing and analysis. Geolabs operates two laboratories, one in Watford and another in Coleshill, Warwickshire, offering a wide range of services including soil testing, rock analysis, and aggregate evaluation. They cater to construction, engineering, and environmental projects, providing crucial data for site investigations and material assessments. The website highlights their accreditation, testing categories, and even offers a blank schedule for client requirements. They even have a blog with recent news about a 30th-anniversary celebration and attendance at the 63rd Rankine Lecture.

Financially, Geolabs Ltd shows a mixed picture. Current assets have increased by a substantial 39%, reaching £1,600,000, while net assets have also risen by 37%, now at £1,500,000. Bank borrowings have increased significantly by 200%, reaching £10,000, and cash reserves have also grown by 38%, now at £940,000. Trade debtors have increased by 41%, now at £620,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible. The increase in debtors could indicate a growing customer base, but also a potential risk of delayed payments. With no auditor mentioned, the financial statements are unaudited.

Overall, Geolabs Ltd appears to be financially stable and growing, although the increase in debtors warrants monitoring. The company’s specialized services and strong online presence position it well in the geotechnical testing market.

Registered in England/Wales under the registration number 03177641, with a registered address at WD25 9XX, Watford, Hertfordshire, Bucknalls Lane, Garston.

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