Labtech International Ltd

Labtech International Ltd, based in Rotherham, UK, is a small, active holding company established 32 years ago. With 29 employees and £1,767,766 in assets, the company operates from a real address and is overseen by three directors and one owner. It’s been importing and exporting optical and medical tools and devices for a significant period – 428 months of imports and 128 months of exports.

The company’s website reveals a focus on serving scientists with a wide range of products and services. Labtech International Ltd acts as a distributor, offering brands like Molecular Biology, Cell Biology, Imaging, and Microbiology equipment. The site is well-structured, featuring product ranges, service booking, and an engineer registration section. It’s clear they are not an e-commerce business, but rather a supplier and service provider, relying on direct sales and customer relationships. The site also highlights their expertise in areas like cell growth, preparation, and analysis, with innovative solutions for cell growth and automated cell counting.

Financially, Labtech International Ltd shows some concerning trends. Accumulated depreciation on property, plant, and equipment has decreased, with a significant drop in computer equipment depreciation (-15.0%). Cash bank on hand has fallen by 34%, and current assets have decreased by 37%. Trade debtors have also seen a considerable decline (-59.0%), suggesting potential issues with customer payments. However, creditors have decreased by 43%, which could indicate improved debt management. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests they are exempt from an audit as a small company.

Overall, Labtech International Ltd appears to be facing some financial headwinds, with declining assets and cash reserves. While the company’s established presence in the market and focus on specialized equipment suggest a degree of resilience, the trends warrant close monitoring. The decrease in debt owed by group undertakings is a positive sign, but the company will need to address the decline in cash flow to ensure long-term sustainability.

Registered in England/Wales under the registration number 02779599, with a registered address at S60 5XA, England, Rotherham, Unit 5a - Calibre Scientific House Selden Way, Catcliffe.

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