Niche Generics Limited

Niche Generics Limited, based in Hitchin, UK, is a large holding company with an active status, having been incorporated 23 years ago in January 2002. The company, employing 56 people, holds assets totaling £5,921,526. With four directors and one owner, it maintains a real address and boasts a stellar 5.0 Google rating from four reviews. It’s an irregular exporter, with its top export category being pharmaceutical products, with just one month of exports recorded back in November 2018.

The company operates in the manufacture of basic pharmaceutical products industries. It’s a large company, having met two of three conditions: turnover exceeding £36 million, a balance sheet total exceeding £18 million, and more than 250 employees. Unichem Laboratories Ltd owns Niche Generics Limited, a fact that hasn't changed in nine years. The directors are Godha Pranay, Moss Christopher, Cole Gerard Majella, and Moss Christopher.

The company’s website, www.domainit.com, currently returns a 403 Forbidden error, indicating that access is restricted—likely a technical issue rather than a sign of trouble.

Financially, Niche Generics Limited shows a mixed picture. While cash reserves increased by a substantial 550% to £500,000, net assets declined by 60% to £360,000. Administrative expenses increased by 7.3% to £5.6 million, and interest payable surged by 80% to £150,000. Creditors decreased by 51% to £200,000, suggesting improved debt management. The company’s bank borrowings remained stable at £2.6 million, and trade debtors increased by 2.6% to £1.8 million. The company’s audit firm, HW Fisher LLP, oversaw the financial statements. It’s worth noting that the company’s net profit loss deepened significantly, from -£990,000 to £560,000, which is a positive change.

Overall, Niche Generics Limited appears to be navigating a period of change. The increase in cash reserves is encouraging, but the decline in net assets and increased expenses warrant further investigation. The company’s continued focus on the manufacture of basic pharmaceutical products, coupled with its strong Google rating, suggests a solid foundation, but the financial trends indicate a need for careful management.

Registered in England/Wales under the registration number 04353309, with a registered address at SG4 0TW, Hitchin, Hertfordshire, 1 The Cam Centre, Wilbury Way.

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