Ibiotech Ltd

Ibiotech Ltd, based in Wolverhampton, UK, is a small, active company founded three years ago in 2021. With just two employees and £22,731 in assets, it’s a lean operation managed by two directors and three owners. The company operates in the research and experimental development on biotechnology industries and is an irregular importer of pharmaceutical products, with the last import activity recorded one month ago in November 1, 2024.

The company’s website highlights a focus on sustainable biomaterials and green biotechnological methods to create efficient and healthy systems. It positions itself as a novel biotechnology company, avoiding artificially modified organisms and emphasizing academic research and nature-first principles. Ibiotech Ltd’s website also mentions a focus on biodegradable plastics, textiles for fashion, and biomaterial 3D printing, suggesting a diverse range of applications for its research and development efforts.

Financially, Ibiotech Ltd’s recent performance presents a mixed picture. While cash bank on hand increased dramatically by 710% to £14,000, equity plunged by an astonishing 1400% to -£8,700. Creditors have also risen sharply, increasing by 2000% to £32,000, suggesting a greater reliance on borrowing. Despite these challenges, debtors have increased slightly, and prepayments and accrued income have also risen, indicating some success in managing payments. 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 for agility, but the significant equity decline warrants closer scrutiny. As a small company, it is exempt from an audit, so the figures are unaudited.

It seems Ibiotech Ltd is burning through cash while pursuing its research and development goals. Whether its focus on sustainable biomaterials and green technology can translate into financial stability remains to be seen, but its unique approach could potentially disrupt the biotechnology industry.

Registered in England/Wales under the registration number 13598139, with a registered address at WV10 9QF, England, Wolverhampton, Unit B1 - B2 Guy Motors Business Park, Park Lane.

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