Nanotherics Ltd

Nanotherics Ltd, based in Warrington, UK, is a small, active company established 17 years ago. With two employees and £277,813 in assets, it operates from a real address and is overseen by three directors and one owner. The company regularly imports and exports optical and medical tools and devices, with 12 months of import activity and 34 months of export activity recorded.

The company’s website showcases a specialized business: providing magnetic hyperthermia equipment. Nanotherics Ltd designs and manufactures the "magneTherm," a versatile system for nanoparticle heating applications. The website highlights the system’s adaptability, customizability, and affordability, catering to researchers in fields like calorimetry, in vitro and in vivo studies, and drug release. It offers various options and accessories, emphasizing a flexible design and dedicated engineering support. The site also includes application notes and technical information, positioning Nanotherics Ltd as a knowledgeable provider in a niche scientific market.

Financially, Nanotherics Ltd presents a mixed picture. While current assets increased slightly to £280,000, cash reserves took a significant hit, plummeting 73% to just £15,000. Bank borrowings surged by 2,400%, reaching £29,000, and trade debtors increased by 21% to £230,000. Despite this, creditors decreased by 18%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 10 employees) allows for agility, but the substantial drop in cash reserves is concerning. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

It seems Nanotherics Ltd is navigating a period of investment or expansion, as evidenced by the increased borrowings and rising debtors. However, the sharp decline in cash reserves suggests the company is burning through money. Whether this is a temporary setback or a longer-term challenge remains to be seen, but the company's specialized product and focus on customer support could be key to its future success.

Registered in England/Wales under the registration number 06332067, with a registered address at WA2 0SH, England, Warrington, Cheshire, Brookside Farm, Dig Lane.

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