Ifast Diagnostics Limited

iFast Diagnostics Ltd, based in Fareham, UK, is a small, active company founded three years ago. With four employees and £1,070,779 in assets, it operates from a real address in Whiteley, Solent Business Park. The company has four directors but no reported owners, a common arrangement for smaller businesses. It’s a regular importer, specializing in machinery, boilers, and mechanical appliances parts, with recent import activity recorded as recently as March 2025.

The company’s website reveals a fascinating focus: combating antimicrobial resistance (AMR). iFast Diagnostics has developed a rapid testing system that delivers results in just three hours, significantly faster than current methods. This allows clinicians to prescribe the correct antibiotics sooner, saving lives and reducing the spread of resistant infections – a critical issue given the growing threat of AMR. The company has secured significant funding, including a £6.5 million seed round, and is actively participating in industry events and collaborations. They even boast a 6.5m 5m funding round.

Financially, iFast Diagnostics Ltd presents a mixed picture. While current assets have decreased by 43% to £1,100,000, and net assets have fallen by a substantial 750% to -£870,000, bank cash reserves have plummeted by 55% to £830,000. Trade debtors have increased dramatically by 400%, suggesting a potential issue with customer payments. On a positive note, creditors have decreased by 29%, which could indicate improved debt management. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the sharp decline in equity raises concerns. The company’s accounts are unaudited, a common practice for small companies.

Despite these financial challenges, iFast Diagnostics Ltd appears to be a dynamic and innovative company with a clear mission to address a pressing global health crisis. The recent funding and industry participation suggest continued momentum, but careful financial management will be essential for long-term success.

Registered in England/Wales under the registration number 14027191, with a registered address at PO15 7AF, United Kingdom, Fareham, Ground Floor, 1500 Parkway Village Solent Business Park, Whiteley.

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