Mialgae Ltd

Mialgae Ltd, based in Edinburgh, UK, is a small, active company founded eight years ago. With 35 employees and £11,978,537 in assets, it operates from a virtual address and is led by six directors and one owner. The company boasts a perfect 5.0 Google rating based on three reviews. It’s a regular importer of machinery, boilers, and mechanical appliances, with parts imported recently.

The company’s core business revolves around biotechnology for good, specifically reducing reliance on ocean resources. It produces fish-free Omega-3s and other marine-derived resources using a proprietary platform. Its website highlights a goal of producing 53,000 tonnes of marine Omega-3 rich algae annually, reducing global dependence on fish oil and replacing wild fish stocks. The company uses whisky byproducts to grow microalgae, rich in Omega-3s, offering a plant-based, low-carbon, sustainable source. It's even been a finalist in the prestigious Earthshot Prize.

Financially, Mialgae Ltd shows some interesting trends. Cash bank on hand increased dramatically by 780%, reaching £11 million—a very positive sign. However, net assets also increased by 490%, reaching £12 million, and losses deepened by 68%, reaching £3.6 million. Administrative expenses rose significantly by 71%, and bank borrowings increased. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in losses is something to keep an eye on. With no auditor mentioned, the figures are unaudited.

The company’s focus on sustainable biotechnology and its Earthshot Prize recognition suggest a promising future, but the financial data indicates it's burning through cash—likely a consequence of rapid growth and investment in its innovative technology.

Registered in Scotland under the registration number SC544670, with a registered address at EH3 8RY, Scotland, Edinburgh, First Floor, 9 Haymarket Square.

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