Neurovalens Limited

Neurovalens Limited is a small, active company based in Ballymena, Northern Ireland, founded twelve years ago in 2013. Employing 22 people and holding assets of £2,293,428, it operates from a real address and is overseen by seven directors, though no owners are officially listed. The company regularly imports plastics and plastic products (four months of activity) and exports optical and medical tools and devices (seven months of activity), indicating a focus on both inbound and outbound trade. Its core business revolves around the manufacture of other electrical equipment, research and experimental development on biotechnology, and other human health activities.

The company’s website highlights its innovative Modius Sleep device, a non-invasive neurostimulation treatment for chronic insomnia. It’s marketed as an FDA-cleared, drug-free alternative to traditional treatments, emphasizing scientific backing and patient wellbeing. The site showcases clinical trial results and positions Neurovalens as a leader in neurotechnology, even winning a SleepTech Award. It also features a separate venture, 1066 Pianos, a high-end piano restoration business, which adds a layer of complexity to the company’s overall profile.

Financially, Neurovalens Limited presents a mixed picture. While cash reserves have significantly dropped by 55%, falling to £1,300,000, bank borrowings have also decreased, with overdrafts down 18% and non-financial instruments dropping 15%. Creditors have surged by 58%, suggesting increased reliance on supplier credit. Equity has also taken a hit, plummeting 30% to -£12,000,000, and net assets are down 61% to £1,500,000. The company’s small size (meeting two of three criteria for being small) allows for agility, but the sharp decline in equity raises concerns. The company is exempt from an audit, so the figures are unaudited. The average number of employees has increased by 14%, from 22 to 25, which could be a sign of growth or increased operational demands.

Registered in Northern Ireland under the registration number NI617853, with a registered address at BT44 8BP, Northern Ireland, Ballymena, County Antrim, 8 Carmagrim Road, Portglenone.

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