Katalyst Diagnostics Ltd

Katalyst Diagnostics Ltd, based in London, UK, is a small, active company founded just three years ago. With two employees and £870,127 in assets, it operates from a virtual address, managed by two directors and one owner. The company regularly imports optical and medical tools and devices (13 months), but exports irregularly (1 month). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

The company's website showcases a focus on diagnostic solutions, particularly in haematology and antipsychotic drug monitoring. It’s a distributor for the HemoScreen FBC Analyser and the MyCare INSITE health screening test, highlighting its role in providing point-of-care testing equipment. The website also emphasizes its commitment to providing premium and cutting-edge diagnostic solutions for a healthier nation, partnering with the NHS and healthcare professionals. It appears to be a business-to-business operation, selling equipment and services rather than directly to consumers. There’s no obvious e-commerce functionality on the site; instead, it focuses on showcasing products and providing contact information.

Financially, Katalyst Diagnostics Ltd presents a mixed picture. Cash bank on hand has increased dramatically by 480% to £610,000, a positive sign. However, net losses have deepened, and trade debtors have ballooned by 350%, suggesting potential issues with customer payments. Creditors have also increased significantly by 220%, and taxation social security payable has risen by a staggering 1600%, which is concerning. Despite this, total inventories have decreased by 28%, which could indicate better stock management. The company’s small size and lack of an auditor (likely exempt as a small company) mean the figures are unaudited.

While the company’s cash position looks healthy, the increase in debt and potential losses suggest it might be burning through money. The reliance on a few key products and distributors could also make it vulnerable to market changes. The management team, consisting of two directors, will need to address these financial pressures to ensure the company’s long-term sustainability.

Registered in England/Wales under the registration number 13862154, with a registered address at W1W 5PF, England, London, 167-169 Great Portland Street.

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