Global Access Diagnostics Ltd

Global Access Diagnostics Ltd, based in Bedford, UK, is a small holding company with an active status, established five years ago. Employing 22 individuals, the company holds £992,552 in assets and operates from a real address, managed by one director and one owner. It's a regular importer of machinery, boilers, and mechanical appliances (parts), with five months of import activity, and an irregular exporter of aluminum and aluminum products (one month).

The company's website, Global Access Health, highlights its mission to make health products accessible worldwide. It functions as a biotechnology company, reinvesting profits to provide community access to affordable medical technology, particularly for the Global South. The site details a focus on diagnostics, contract research, and development, offering expertise in scaling up manufacturing and facilitating local production. They even offer services to help companies prototype, pilot, and manufacture locally. The company's core portfolio includes Global Access Diagnostics (GADx), a developer and manufacturer of advanced lateral flow and rapid diagnostic technologies.

Financially, Global Access Diagnostics Ltd presents a mixed picture. While current assets increased by 15% to £990,000, equity plummeted by a staggering 1200% to -£370,000. Bank borrowings have risen dramatically, increasing by 120% to £340,000, and cash reserves have fallen by 15% to £53,000. Creditors have also increased by 7.1% to £5,600,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The significant decline in equity, however, suggests potential financial strain, and the increase in bank borrowings could indicate a need for additional funding. The company’s accounts were prepared by HW Bedford Limited, and are unaudited, likely due to its small size. Overall, Global Access Diagnostics Ltd appears to be navigating a challenging financial landscape while pursuing its ambitious global health mission.

Registered in England/Wales under the registration number 12558218, with a registered address at MK44 2YA, England, Bedford, Building 148 Bedford Technology Park, Thurleigh.

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