Solena Materials Limited

Solena Materials Ltd, a small company based in London, UK, has been active since its founding three years ago. With four employees and £1,998,977 in assets, it operates from a virtual address and is managed by five directors—though no owners are currently listed. The company regularly imports optical and medical tools and devices, with a recent operation recorded in November 2023.

The company's website highlights a novel approach to textile production: developing sustainable fibres for the apparel industry. Solena Materials designs new proteins to create high-performance, non-oil derived, and biodegradable fibres—a clear departure from conventional synthetic materials. The site emphasizes collaboration, partnerships, and investment opportunities, showcasing a focus on innovation and market leadership in sustainable textile technology. It's a B2B operation, not an e-commerce site, targeting apparel companies seeking eco-friendly alternatives.

Financially, Solena Materials presents a mixed picture. While current assets decreased by 31% to £2,000,000, trade debtors have increased by a significant 190%, suggesting a potential issue with collecting payments. Equity has also declined by 21%, falling to £2,200,000, and net losses deepened considerably. Bank borrowings have also increased, indicating a need for external funding. Despite these challenges, the company's small size (meeting two of three conditions for a small company) allows for agility. The company’s accounts are unaudited, and no auditor is mentioned, which is common for companies of this size. The significant increase in depreciation for plant and machinery—a 1500% rise—suggests substantial investment in equipment, possibly linked to scaling up production. It’s a startup burning through cash, but with a unique technology and a growing demand for sustainable textiles, it’s a company to watch.

Registered in England/Wales under the registration number 13526395, with a registered address at EC2V 7AW, United Kingdom, London, 125 Wood Street.

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