Nanomerics Ltd

Nanomerics Ltd, based in London, UK, is a small, active company founded 14 years ago in 2010. With eight employees and £968,345 in assets, it operates from a virtual address, a detail that’s a bit concerning as seventeen other companies share the same location. Four directors and two owners (though the list may not be exhaustive) steer the ship. The company is an irregular importer, primarily dealing in plastics and plastic products, with just one month of import activity recorded as of October 2022.

Nanomerics’ core business revolves around pharmaceutical research and development, specifically targeting ophthalmology and central nervous system (CNS) conditions. The company develops “precision medicines” utilizing its proprietary platform technologies, including MET, an award-winning penetration enhancer for drug delivery to the eye and brain. Their website highlights a pipeline of partnered programs and even non-medical applications like Molecular Masks, a nasal spray aimed at minimizing viral infections. They’re also involved in piano restoration, a surprising side venture.

Financially, Nanomerics Ltd presents a mixed picture. Current assets have plummeted by a significant 54%, dropping to £970,000. Equity has also taken a hit, decreasing by 59% to £900,000. Bank borrowings have increased, and cash reserves have fallen 46% to £750,000. While creditors have also risen, the overall trend suggests a company burning through cash. The company meets the criteria to be a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, so the figures are unaudited.

The sharp decline in assets and cash, combined with increasing debt, raises questions about Nanomerics’ financial health. While its innovative research and diverse pipeline offer potential, the company will need to manage its finances carefully to sustain its operations.

Registered in England/Wales under the registration number 07373043, with a registered address at EC2Y 5AU, England, London, 2 London Wall Place, 6th Floor.

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