Phytoform Labs Ltd

Phytoform Labs Ltd, based in Harpenden, UK, is a small, active company founded seven years ago in 2017. With twenty employees and £1,036,881 in assets, it operates from a real address at the Lawes Open Innovation Hub. The company is led by two directors and owned by two individuals, with a solo founder at its helm. It’s an irregular importer, primarily dealing in optical and medical tools and devices, with just two months of import activity recorded as of March 2023.

The company’s website reveals a focus on sustainable agriculture. Phytoform Labs is developing technology to accelerate the creation of more resilient and future-proofed crops, utilizing artificial intelligence and genome editing to unlock the genetic potential of plants. They're actively recruiting scientists and senior scientists to work on delivering large DNA molecules to potato cells, a project involving collaboration with academic and industrial leaders. The website also highlights a mission-driven team committed to minimising the environmental impact of agriculture.

Financially, Phytoform Labs Ltd presents a mixed picture. While cash and bank holdings increased significantly by 68%, reaching £660,000, net assets decreased by 42%, landing at -£6,000,000. Creditors increased substantially, rising 39% to £7,300,000, suggesting a reliance on external financing. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decrease in equity raises concerns. The number of equity instruments granted also increased significantly by 250%, indicating a potential focus on attracting and retaining talent through stock options. With no auditor mentioned, the figures are unaudited.

Overall, Phytoform Labs Ltd appears to be a dynamic, albeit financially stretched, startup. Its focus on cutting-edge biotechnology and sustainable agriculture is promising, but it will need to carefully manage its liabilities to ensure long-term success.

Registered in England/Wales under the registration number 10923425, with a registered address at AL5 2JQ, England, Harpenden, Hertfordshire, Lawes Open Innovation Hub, West Common.

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