United Labs Limited

United Labs Limited, based in Bradford, UK, is a small, active company founded four years ago in March 2021. With two employees and £218,631 in assets, it operates from a real address and is managed by two directors and one owner. The company regularly imports machinery, boilers, and mechanical appliances parts, with nine months of import activity recorded. Its business involves retail sale of computers, peripheral units and software in specialised stores, as well as business and domestic software development.

The company’s website doesn’s offer much detail beyond its core business, suggesting a focus on B2B operations rather than direct consumer sales. It doesn’t appear to be an e-commerce business, instead likely operating through direct sales or partnerships.

Financially, United Labs Limited presents a mixed picture. Cash bank on hand has seen a dramatic increase of 1200% to £61,000, a positive sign of improved liquidity. However, bank overdrafts have doubled to £31,000, and net assets liabilities have also increased by 39% to £43,000. Creditors have decreased significantly, down 60% after one year, suggesting improved debt management. Trade debtors have increased by 25%, and inventories have fallen by 23%. 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 for flexibility, but the increase in bank borrowings and the decrease in cash reserves are worth noting. The accounts are unaudited and exempt, relying on director-reported data.

Overall, United Labs Limited seems to be navigating a period of change. The increase in cash and decrease in creditors are encouraging, but the rise in debt and the decline in inventories suggest potential challenges ahead.

Registered in England/Wales under the registration number 13299180, with a registered address at BD4 8AE, England, Bradford, 61 Planetrees Road.

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