Skin Analytics Ltd

Skin Analytics Ltd, based in Cambridge, UK, is a holding company with an active status, established thirteen years ago in 2012. The company employs 42 people and holds assets valued at £3,555,415. It operates from a real address with six directors, though no owners are currently listed – a situation that could be worth investigating further. The company regularly imports optical and medical tools and devices, with recent activity recorded just three months ago.

The company’s website, skinanalytics.ai, details a focus on AI-powered dermatology solutions. It offers a mobile app, SkinVision, which uses AI to analyze skin lesions and assess cancer risk. The company also provides enterprise solutions for healthcare providers and pharmaceutical companies, offering tools for skin disease management and clinical trial recruitment. While the website showcases a sophisticated product offering, it doesn’s offer much detail on the underlying business model or revenue streams. It doesn't appear to be a traditional e-commerce site, but rather a B2B and B2C software provider.

Financially, Skin Analytics Ltd presents a mixed picture. Current assets have decreased by 11% to £3,600,000, while net assets have plummeted 23% to -£14,000,000. Bank borrowings have surged by 130%, reaching £3,900,000, and cash reserves have fallen 8% to £1,500,000. Trade debtors have increased by 12%, suggesting a possible need to manage customer payments more effectively. The company’s significant losses – a net loss of -£3,200,000 – raise concerns about its long-term viability. The company’s financial report mentions a “material uncertainty” regarding its ability to continue as a going concern, and highlights the need for additional funding. Peters Elworthy & Moore served as the company’s auditor.

Despite these challenges, Skin Analytics Ltd’s focus on AI-powered dermatology solutions positions it within a growing market. The company’s enterprise solutions and partnerships with healthcare providers could provide a stable revenue stream, but the need for additional funding and the current financial losses suggest a need for careful management and strategic decision-making.

Registered in England/Wales under the registration number 07919560, with a registered address at CB1 2LA, England, Cambridge, Salisbury House, 2-3 Salisbury Villas.

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