Illumina Ventures Labs Ltd

Illumina Ventures Labs Ltd is a small, active company based in Cambridge, UK, founded just one year ago in June 07, 2023. With £6,005 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Naclerio Nicholas. The company operates in the research and experimental development on biotechnology industries. It’s a irregular importer, with its top import category being Optical and medical tools and devices, totaling 2 months of imports, the latest recorded on September 01, 2024.

The company’s website is currently unavailable, so it’s difficult to assess its operations beyond the provided information. It’s unclear if the company has an e-commerce presence or primarily engages in research and development activities.

Financially, Illumina Ventures Labs Ltd presents a mixed picture. Net assets sit at -£290,000, a significant negative figure. Cash reserves are minimal at just £1,200. Trade debtors are £4,800, and creditors are £300,000. Although the company meets two of the three criteria to be classified as small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), the substantial negative equity suggests it's burning through money. The lack of employees (just two reported) hints at a lean operation, but the large creditor balance raises concerns about its ability to manage its financial obligations. As a small company, it's exempt from an audit, so the figures rely on unaudited director-reported data.

It's likely the company is in a startup phase, navigating the challenges of securing funding and generating revenue. The negative equity suggests it’s relying heavily on external financing or is reinvesting heavily in research and development. Whether this is a sustainable strategy remains to be seen.

Registered in England/Wales under the registration number 14921070, with a registered address at CB21 6DF, United Kingdom, Cambridge, Suite 3 Cori Building, Granta Park. Great Abington.

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