Used Lab Machines Limited

Used Lab Machines Ltd is a small, active company based in London, UK, founded six years ago in 2018. With two employees and £116,134 in assets, it operates from a virtual address – a detail that’s a little unusual, as 214 other companies are registered at the same location. The company is run by two directors and one owner, who also serves as the solo founder.

The company's core business revolves around the import and export of optical and medical tools and devices. While it’s a regular exporter, with 33 months of export activity recorded up to February 2025, its import activity has been more sporadic, with just two months of imports ending in September 2022. The company also appears to be involved in the installation of industrial machinery and equipment, and offers other business support services. Its website showcases a vast inventory of lab equipment, from single-use TFF systems to microscopes and centrifuges, catering to a wide range of scientific needs. It even rents equipment to the TV and film industry.

Financially, Used Lab Machines Ltd presents a mixed picture. While current assets increased slightly to £120,000, net assets plummeted to -£61,000 – a significant downturn. Creditors have surged dramatically, increasing by 1,500% to £180,000, suggesting a reliance on short-term financing. Bank borrowings also increased, though not as dramatically. 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 sharp decline in equity raises concerns about its financial health. As a small company, it is exempt from an audit, so the figures are unaudited. It's unclear if the company is burning through money or if these figures are a temporary setback.

Registered in England/Wales under the registration number 11633045, with a registered address at WC1X 0ND, England, London, 2 Frederick Street.

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