Immunodiagnostic Systems Limited

Immunodiagnostic Systems Ltd from Boldon, UK, is a sizable company holding company with an active status, having been founded 29 years ago in 1995. The company employs 55 people and boasts assets of £16,901,596. It has a real address, two directors, and one owner, and enjoys a stellar 5.0 Google rating based on one review. The company regularly imports miscellaneous chemical products (98 months) and exports plastics and plastic products (108 months).

The company’s website reveals it’s a leading provider of in vitro diagnostic solutions for clinical and research laboratories. It develops, manufactures, and markets innovative immunoassays and instruments, specializing in areas like endocrinology, autoimmunity, and animal research. The website highlights its expertise in automated immunoassays, ELISA, and RIA techniques, and offers a range of products and services, including instruments, consumables, and therapeutic drug monitoring. It also has a dedicated section for news and events, and a blog providing insights into the latest developments in the field.

Financially, Immunodiagnostic Systems Ltd shows a mixed picture. While cash bank on hand increased by a significant 88%, reaching £1,600,000, administrative expenses decreased by 14%, to £6,400,000. However, net assets declined by 60%, to £3,500,000, and turnover is likely down, as evidenced by a 10% decrease in cost of sales, to £18,000,000. Bank borrowings increased by 84%, to £720,000, and trade debtors increased by 890%, suggesting potential issues with customer payments. The company’s size (meeting two of three criteria for a large company) and the fact that it’s not been audited by a firm like Azets Audit Services (likely exempt) means the figures are unaudited, but still provide a snapshot of the business. It's a bit of a shame that the dividend income from group undertakings has completely vanished. Overall, Immunodiagnostic Systems Ltd appears to be navigating a challenging economic climate, but its established position in the diagnostic market and strong product offerings should provide a solid foundation for future growth.

Registered in England/Wales under the registration number 03141527, with a registered address at NE35 9PD, Boldon, Tyne And Wear, 10 Didcot Way, Boldon Business Park.

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