Labcell Limited

Labcell Ltd from Farnborough UK is a small, holding company with an active status, having been founded 32 years ago in 1992. The company employs just four people and holds £726,224 in assets, operating from a virtual address shared by many other businesses. It's managed by two directors and has one owner, though the list of owners changed nine years ago. Labcell Ltd regularly imports and exports optical and medical tools and devices, with 195 months of import activity and 53 months of export activity recorded.

The company operates in the non-specialised wholesale trade industries, and its website, though currently unavailable, suggests a focus on supplying medical and optical equipment. It’s a small company, meeting two of the three conditions for classification: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Financially, Labcell Ltd shows some interesting trends. While current assets increased by 7%, bank borrowings increased by 26%, and cash reserves increased by 5%. Creditors also increased by 14%, suggesting a reliance on short-term financing. The company’s net assets increased by 3%, indicating a stable equity position. Trade debtors decreased by 12%, which could be a positive sign of improved cash flow management. The company’s small size helps it remain agile, but the increase in borrowings warrants further observation. No auditor is mentioned, likely due to the company’s exemption as a small entity.

The company’s financial statements, prepared by Menzies LLP, show a decline in depreciation charges, which could be due to reduced investment in property, plant, and equipment. The company's functional currency is GBP, and its accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Overall, Labcell Ltd appears to be a stable, albeit small, operation, but its financial health will depend on maintaining its import and export activities and managing its short-term financing needs.

Registered in England/Wales under the registration number 02719620, with a registered address at GU14 7PG, Farnborough, Hampshire, Victoria House, Victoria Road.

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