Momentum Bioscience Limited

Momentum Bioscience Limited, based in Abingdon, UK, is a small, active company founded nineteen years ago in 2005. With seventeen employees and £1,528,483 in assets, it operates from a real address at Milton Park. The company has six directors, but no owners were reported, which is a little unusual. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with the latest import activity occurring two months ago in December 2023.

The company’s website, while not providing detailed e-commerce functionality, describes Momentum Bioscience as engaged in the manufacture of medical and dental instruments and supplies, as well as research and experimental development within the biotechnology industries. It’s a research institute in Milton, England, and operates as a private limited company. The company’s activities seem to be focused on biotechnology research and development, with a particular emphasis on intellectual property.

Financially, Momentum Bioscience Limited presents a mixed picture. While net assets increased by 2.1% to £20 million, cash reserves grew by 13% to £450,000, and current assets rose by 54% to £1.5 million, other indicators are concerning. Bank borrowings have increased significantly by 170% to £1,900, and net losses deepened to -£2,993,805. Trade debtors have ballooned by 82% to £1.1 million, suggesting potential issues with customer payments. The company’s size—meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees)—allows for agility, but the increased debt and ongoing losses are something to watch. The accounts were prepared on a going concern basis, and the directors acknowledged their responsibilities under the Companies Act. No auditor was mentioned, likely due to the company's small size and exemption from an audit.

Registered in England/Wales under the registration number 05594335, with a registered address at OX14 4SA, England, Abingdon, Oxfordshire, 13 And 14 North Central 127 Olympic Avenue, Milton Park.

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