Symbiotec Ltd

Symbiotec Ltd, based in London, UK, is a small holding company with an active status, having been founded five years ago in June 03, 2019. Employing forty people and holding assets of £1,316,529, the company operates from a virtual address, a detail worth noting as 899 other companies are registered at the same location. Two directors and one owner guide the business, which regularly imports and exports machinery, boilers, and mechanical appliances, including parts.

The company’s primary focus, however, is revealed through its website: Symbiotec Pharmalab, a global API company. The site details a vertically integrated manufacturer specializing in steroid and hormone APIs, derived from soy sterol. It boasts state-of-the-art facilities in Indore, Central India, and emphasizes international regulatory approvals and a commitment to innovation. The company develops, produces, and markets research-based CorticoSteroids and SteroidHormone APIs, catering to a global customer base across numerous countries.

Financially, Symbiotec Ltd’s report paints a mixed picture. Current assets have increased significantly by 110% to £1,300,000, which is good news, but net assets have decreased by 45% to -£5,300,000. Bank borrowings have risen sharply by 61%, reaching £21,000, while cash reserves have slightly decreased by 4%. Creditors have increased by 51%, and trade debtors have doubled. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the substantial equity decline raises concerns. The lack of an auditor mentioned suggests the company is exempt, relying on unaudited statements.

The substantial increase in trade debtors, combined with the negative equity, suggests the company may be struggling to convert sales into cash. The company’s focus on high-value API manufacturing could be a strength, but it also carries risks related to regulatory compliance and market fluctuations.

Registered in England/Wales under the registration number 12027814, with a registered address at EC2A 4NE, England, London, 3rd Floor 86 - 90 Paul Street.

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