Pics Therapeutics Ltd

Pics Therapeutics Ltd is a small, holding company based in London, UK, with an active status. Founded eight years ago in May 2017, it operates with a single employee and a virtual address shared by over twenty other companies. The company is led by two directors and has one owner, though the list of owners changed six years ago and isn't exhaustive. Pics Therapeutics is an irregular importer, primarily bringing in optical and medical tools and devices, with its last import operation recorded one month ago in September 2023.

The company’s website, though not fully detailed, indicates a focus on biotechnology research and experimental development. It appears to be a non-ecommerce operation, with no online store or direct sales platform visible. Instead, the focus is on scientific research and potential collaborations within the biotechnology sector.

Financially, Pics Therapeutics Ltd presents a mixed picture. Accumulated depreciation impairment property plant equipment increased by a significant 170%, suggesting investment in assets, while cash bank on hand jumped 140% to £26,000. However, creditors rose by 17% to £1.3 million, and net assets decreased by 16% to -£1.2 million. Trade debtors completely vanished, dropping 100% to zero, which could be a temporary fluctuation or a sign of changing payment terms. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the declining equity is a concern. The accounts are unaudited, and no auditor is mentioned, likely due to the company's small size.

Despite the negative equity, the increase in cash reserves suggests the company has been able to manage its immediate expenses. The parent company, Pics Therapeutics Llc, provides financial support, and the directors are confident that the company can meet its debts for at least twelve months. The company’s focus on biotechnology research and its connection to a parent company indicate a long-term investment strategy, even if short-term financial performance is challenging.

Registered in England/Wales under the registration number 10750475, with a registered address at EC2R 8EJ, England, London, 1 Poultry C/O Praxis.

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