Tay Therapeutics Limited

Tay Therapeutics Limited, based in Dundee, UK, is a small, active company founded five years ago in January 2020. It employs eight people and holds £3,272,090 in assets. The company has five directors, but no owners are currently reported—likely one of the directors holds a significant stake. It’s a regular importer, primarily of miscellaneous chemical products, with four months of import activity recorded, the latest in November 2024.

The company’s website highlights its focus on developing small molecule therapeutics, turning discovery into action through in-house expertise and strategic partnerships. It aims to address serious conditions where patients are underserved, showcasing a pipeline of therapies and recent news about intellectual property assignments and patent publications. The site also features a team section, investor information, and press releases, indicating a focus on attracting funding and building credibility. It’s clear that Tay Therapeutics is operating in the biotechnology research and experimental development sector.

Financially, Tay Therapeutics Limited shows some encouraging trends. Cash reserves increased by 65% to £3,200,000, and net assets rose by 44% to £3,000,000. Current assets also increased by 31% to £3,300,000. However, debtors decreased significantly by 81%, suggesting potential issues with collecting payments from customers. Creditors also decreased by 38%, which could be a positive sign of improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to be nimble, but the decrease in debtors is something to keep an eye on. The accounts are abridged and unaudited, and no auditor is mentioned.

Overall, Tay Therapeutics appears to be financially healthy, with growing assets and cash reserves. The decrease in debtors is a potential concern, but the company’s focus on innovation and strategic partnerships suggests a solid foundation for future growth.

Registered in Scotland under the registration number SC651132, with a registered address at DD1 5JJ, United Kingdom, Dundee, Dundee University Incubator, 3 James Lindsay Place.

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