Productlife Limited

Productlife Ltd from Cambridge UK is a small, active company founded 20 years ago, employing 19 people and holding £4,322,478 in assets. It’s a real address, managed by two directors and two owners, and enjoys a perfect 5.0 Google rating based on just two reviews. The company is an irregular importer of electrical machinery and equipment, with the last import operation occurring two months ago in July 2023.

Productlife Ltd operates in the research and experimental development sector, specifically focusing on natural sciences and engineering. Its website details a wide range of services, including product development, market access, lifecycle management, and digital innovation, catering to pharmaceutical, biotechnology, and healthcare organizations. It appears to be a consultancy, guiding companies through regulatory compliance and offering expertise in areas like drug development, clinical trials, and market authorization. The website also mentions a piano division, which seems to be a separate venture focused on high-end piano restoration.

Financially, Productlife Ltd presents a mixed picture. While current assets increased by 13%, net assets decreased by 15% to £560,000. Bank borrowings surged by 98%, reaching £2.1 million, and cash reserves fell by 44% to £130,000. Creditors also increased by 61%, reaching £3.8 million. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited figures, without a named auditor, rely on director-reported data.

The significant increase in borrowings, coupled with the decrease in cash reserves, suggests the company may be investing heavily in its operations or facing cash flow challenges. The growth in creditors indicates a need to manage supplier relationships effectively. It’s possible that the company is expanding its services or entering new markets, which would require additional funding.

Registered in England/Wales under the registration number 05372228, with a registered address at CB4 0WS, England, Cambridge, St John's Innovation Centre St John's Innovation Park, Cowley Road.

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