Panacea Logic Limited

Panacea Logic Limited is a small, holding company based in Sandbach, UK, with an active status. Founded eight years ago in December 2016, it employs six people and holds £2,752,650 in assets. The company operates from a real address and is managed by two directors and one owner. It’s an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances, with its last import activity recorded a few years back in 2019.

The company’s website, PanaceaLogics, showcases its focus on AI development solutions for businesses. It offers services like AI-enabled automation, custom software development, and AI solutions for aquaculture, alongside a portfolio of products including a website ranking tool (Boostifai.com), an online directory (ChamberofCommerce.com), and a petrol price tracker (PetrolPrices.com). It also has a platform for education called KidsLifeSkills.org and a system for AI in aquaculture. The company’s global operations are split between the USA, Australia, and Pakistan, with a competition win in Dubai highlighting its innovative approach.

Financially, Panacea Logic Limited presents a mixed picture. While current assets increased by 56% to £2,800,000, net assets grew by only 18% to £550,000. Cash reserves decreased by 52% to £210,000, and trade debtors increased dramatically by 92% to £2,500,000—suggesting potential issues with customer payments. Bank borrowings also increased significantly. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debtors and decrease in cash raise questions about its short-term liquidity. As a small company, it’s exempt from an audit, so the financial statements are unaudited. The directors list was changed a month ago, which is a good sign.

Registered in England/Wales under the registration number 10516149, with a registered address at CW11 4RQ, United Kingdom, Sandbach, Unit 4 Wheelock Heath Business Court Alsager Road, Winterley.

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