Neon Diagnostics Ltd

Neon Diagnostics Ltd, based in Witham, UK, is a small, active company founded thirteen years ago in 2011. Employing sixteen people, it holds £5,043,499 in assets and operates from a real address shared by three other companies. Valji Naseen Mohamed owns the company, and Valji Shabnam and Valji Naseen serve as directors. The company regularly imports and exports optical and medical tools and devices—a total of 102 months of import activity and 31 months of export activity, the latest being January 2025. Its website showcases a range of diagnostic solutions, including blood glucose monitors, insulin pen needles, and smartphone apps, catering to both healthcare professionals and patients.

The company’s core business is the wholesale of pharmaceutical goods, and it’s clearly focused on providing optimal healthcare diagnostic solutions, as evidenced by its listing in the FT 1000 Europe’s Fastest Growing Companies since 2017. Neon Diagnostics also has a strong online presence, with a dedicated section for NHS professionals and a freephone helpline. The website’s focus on patient care and cost-effective products highlights its commitment to improving health and wellbeing.

Financially, Neon Diagnostics Ltd has experienced some notable shifts. Current assets have plummeted 52%, dropping to £5,000,000, while net assets have also decreased significantly, falling 52% to £3,500,000. Cash reserves have been hit hard, declining 83% to just £1,100,000. Trade debtors have increased substantially, rising 81% to £2,600,000, which could indicate a delay in customer payments or an expansion of credit terms. On a positive note, creditors have decreased by 61%, suggesting improved debt management. The company meets two of three criteria for being considered a small company, and it’s worth noting that no auditor is mentioned, likely due to its small size. The unaudited financial statements rely on director-reported data.

Overall, Neon Diagnostics Ltd appears to be navigating a period of financial adjustment. While it maintains a strong market position and a commitment to patient care, the significant declines in assets and cash reserves warrant close monitoring. The company’s ability to sustain its growth trajectory will depend on its ability to manage its working capital and maintain its focus on cost-effective solutions.

Registered in England/Wales under the registration number 07617834, with a registered address at CM8 3YN, Witham, Essex, Unit 7 & 8 Swanbridge Industrial Park, Black Croft Road.

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