Microplate Dx Limited

Microplate Dx Limited is a small, active company based in Glasgow, UK, founded three years ago in August 2021. With four employees and £995,001 in assets, it operates within the other professional, scientific, and technical activities industries. The company has a real registered address and is managed by four directors, with Hannah Stuart Matthew as the sole owner. It’s an irregular importer, primarily dealing in optical and medical tools and devices, with its last import operation recorded just one month ago.

The company's website, Microplate Dx, focuses on combating antimicrobial resistance. It positions itself as offering “tomorrow’s diagnostics, today,” highlighting its technology and team dedicated to rapid antibiotic susceptibility testing (AST). The site details its “RapidPlate” technology, which aims to achieve 96% accuracy in 30 minutes, and mentions a recent £2.5 million investment round. The website is clearly geared towards B2B sales, with a strong emphasis on technical details and a "Get in Touch" form for inquiries. It's an e-commerce site, but not in the traditional sense; it's more of a platform for showcasing technology and generating leads.

Financially, Microplate Dx Limited presents a mixed picture. While turnover increased by 31%, reaching £200,000, net assets took a dramatic hit, plummeting 1800% to -£1.5 million. Bank borrowings increased significantly by 260%, reaching £170,000, and cash reserves fell 92% to £90,000. Creditors also increased, suggesting the company is relying on external financing to fuel its operations. The company’s small size (meeting two of three criteria for a small company) helps it remain agile, but the substantial losses raise concerns about its long-term sustainability. With no auditor mentioned, the unaudited figures rely on director-reported data.

Overall, Microplate Dx Limited appears to be a promising startup with innovative technology, but it’s currently burning through cash at a rapid pace. Whether it can secure further funding and achieve profitability remains to be seen—but its focus on a critical global challenge gives it a unique advantage.

Registered in Scotland under the registration number SC706330, with a registered address at G1 1XL, Scotland, Glasgow, Tg528/Lgc Centre Office (Tg216) Thomas Graham Building, 295 Cathedral Street.

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