Mdna Life Sciences (uk) Ltd

Mdna Life Sciences (uk) Ltd is a small, active holding company based in Gateshead, UK, established twenty years ago in March 2005. The company, which has three directors and one owner, employs eight people and holds £22,011 in assets. It operates from a virtual address, registered as B3 Kingfisher House, Team Valley, which is shared by forty-five other companies. The company regularly imports optical and medical tools and devices, with its last import operation recorded four months ago in July 01, 2021.

The company’s website describes Mdna Life Sciences as focused on pioneering mitochondrial testing to provide earlier, more accurate disease diagnosis. It utilizes “Mitomic Technology” to analyze mitochondrial DNA, offering tests, particularly for prostate cancer, that boast high negative predictive values. The website highlights the company’s history, dating back to 2001, and its focus on providing reassurance to patients and aiding decision-making, potentially avoiding unnecessary surgery. It also mentions a piano restoration division, 1066 Pianos, which operates independently from the biotechnology research.

Financially, Mdna Life Sciences (uk) Ltd presents a mixed picture. While bank borrowings decreased by 18%, cash reserves increased by a significant 160%, reaching £16,000. However, current assets decreased by 12% to £22,000, and net assets declined by 14% to -£3,700,000. Creditors increased by 64%, and trade debtors dropped by 69%, suggesting a potential cash flow challenge. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the substantial equity decline is concerning. As a small company, it is exempt from an audit, and the accounts are unaudited.

The company’s focus on biotechnology research and its specialized testing services suggests a high-value, niche market. However, the financial data indicates that the company is burning through money, and the reliance on external funding or a successful pivot may be necessary to ensure long-term sustainability.

Registered in England/Wales under the registration number 05386828, with a registered address at NE11 0JQ, England, Gateshead, Tyne & Wear, B3 Kingfisher House, Team Valley.

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