Microfluidx Ltd

Microfluidx Ltd, based in Stevenage, UK, is a small, active company founded six years ago in 2018. With 16 employees and £1,994,711 in assets, it operates from a real address and is overseen by six directors and one owner. The company regularly imports optical and medical tools and devices, with 25 months of import activity recorded, and occasionally exports these items, with just one month of export activity as of June 2024.

The company’s website, now redirecting to mfx.bio, indicates a rebranding to MFX, formerly MicrofluidX. It highlights the Cyto Engine, suggesting a focus on advanced microfluidic technologies. The site emphasizes a new website for updates and directs visitors to mfx.bio.

Financially, Microfluidx Ltd presents a mixed picture. Cash bank on hand increased significantly by 61%, reaching £1,600,000, which is a positive sign. However, retained earnings and accumulated losses have deepened, with a 73% increase to -£4,700,000. Creditors have also risen considerably, increasing by 59% to £290,000, and trade debtors have fallen by 31%. Despite these challenges, net assets have increased by 26% to £2,600,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is common for companies of this size. The increase in bank borrowings, meanwhile, is a slight concern, but the growth in cash reserves suggests the company is managing its finances, though perhaps burning through cash a little faster than anticipated.

Registered in England/Wales under the registration number 11643516, with a registered address at SG1 2FX, England, Stevenage, Stevenage Bioscience Catalyst, Gunnels Wood Road.

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