Graphene Innovations Manchester Ltd

Graphene Innovations Manchester Ltd, based in Sale Moor, UK, is a small, active company founded three years ago in December 2021. With eleven employees and £95,022 in assets, it operates from a virtual address shared by forty-two other companies, raising some questions about its physical presence. The company is led by three directors, including solo founder Koncherry Vivek, and maintains a stellar 5.0 Google rating from nine reviews. It’s an irregular importer, primarily dealing in salt, sulphur, earths, stone, plaster, lime, and cement, with the last import operation recorded just one month ago in August 2024.

The company's website, GrapheneManchester.com, positions itself as a hub for graphene research and commercialization. It's not an e-commerce site, but rather a platform showcasing the work of the National Graphene Institute, the Graphene Engineering Innovation Centre (GEIC), and other related initiatives. The site highlights research projects, commercialization opportunities, and events, targeting businesses and academics interested in graphene technology. It’s clear the company’s focus is on fostering collaboration and driving innovation within the graphene sector.

Financially, Graphene Innovations Manchester Ltd presents a mixed picture. Cash bank on hand has plummeted 76%, dropping to just £20,000, while creditors have surged 24%, reaching £1.8 million. Trade debtors have increased significantly, up 170%, suggesting a reliance on outstanding payments. Perhaps surprisingly, average employees reported during the period increased by 91%, reaching twenty-one—a notable expansion. Despite this, net assets have decreased by 34%, landing at -£1.7 million. The company’s small size (meeting two of three criteria for a small company) means it's exempt from a full audit, and the accounts are unaudited.

Overall, Graphene Innovations Manchester Ltd appears to be navigating a period of growth and change. While the surge in creditors and the decrease in cash reserves are concerning, the increase in employees and the focus on commercialization suggest a company actively pursuing new opportunities. It's a dynamic situation, and whether the company can sustain its growth trajectory remains to be seen.

Registered in England/Wales under the registration number 13777738, with a registered address at M33 3HP, England, Sale Moor, Cheshire, Marsland Chambers, 1a Marsland Road.

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