Wellfish Tech Ltd

Wellfish Tech Ltd is a small, active company based in Paisley, UK, founded four years ago in 2021. Employing eight people, the firm holds £3,833,719 in assets and operates from a real address at the University of the West of Scotland. With seven directors and no reported owners, the company is an irregular importer, primarily dealing in miscellaneous chemical products, with the last import operation occurring one month ago in November 2023.

The company's website highlights its focus on fish health, offering data-driven tools for production decisions. They provide services that give customers back time and add previously hidden information through analysis of biomarkers, aiming to minimize losses and maximize resource efficiency. Their services are targeted at the aquaculture industry, offering solutions for treatment planning, feed optimization, and harvesting decisions. The website even includes case studies and testimonials from satisfied customers, like Loch Duart, showcasing the value of their data-driven approach.

Financially, Wellfish Tech Ltd has seen some interesting trends. Cash reserves have increased significantly, jumping 460% to £2.2 million, while current assets have surged 550% to £3.8 million. However, net losses have deepened, increasing 180% to -£1.4 million. Trade debtors have also ballooned by 820%, reaching £1.6 million, which could indicate challenges in collecting payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the increase in losses and debtors needs to be monitored. No auditor is mentioned, which is common for small companies. The company’s focus on biotechnology and veterinary activities, alongside its support for animal production, suggests a specialized niche, but the financial data suggests a need to carefully manage its cash flow and debtor collection.

Registered in Scotland under the registration number SC687885, with a registered address at PA1 2BE, United Kingdom, Paisley, F117 Henry Building West, University Of The West Of Scotland,, Main Street,.

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