Research and experimental development on biotechnology
Registered Address
167-169 great portland street, london, W1W 5PF
Website
-
biocortex ltdEstimated Valuation
£1.4m
Pomanda estimates the enterprise value of BIOCORTEX LTD at £1.4m based on a Turnover of £1.2m and 1.16x industry multiple (adjusted for size and gross margin).
biocortex ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of BIOCORTEX LTD at £0 based on an EBITDA of £-2m and a 4.63x industry multiple (adjusted for size and gross margin).
biocortex ltdEstimated Valuation
£2.3m
Pomanda estimates the enterprise value of BIOCORTEX LTD at £2.3m based on Net Assets of £1.4m and 1.59x industry multiple (adjusted for liquidity).
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Biocortex LtdOverview
Biocortex Ltd is a live company located in london, W1W 5PF with a Companies House number of 13287534. It operates in the research and experimental development on biotechnology sector, SIC Code 72110. Founded in March 2021, it's largest shareholder is
biocortex inc
with a 60.9% stake. Biocortex Ltd is a startup,
small sized company, Pomanda has estimated its turnover at
£1.2m with
unknown
growth in recent years.
Pomanda's financial health check has awarded Biocortex Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
2 Regular
4 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£3.7m)
£1.2m - Biocortex Ltd
£3.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Biocortex Ltd
- - Industry AVG
Production
with a gross margin of 53.7%, this company has a comparable cost of product (53.7%)
53.7% - Biocortex Ltd
53.7% - Industry AVG
Profitability
an operating margin of -171.4% make it less profitable than the average company (-5.6%)
-171.4% - Biocortex Ltd
-5.6% - Industry AVG
Employees
with 13 employees, this is below the industry average (46)
13 - Biocortex Ltd
46 - Industry AVG
Pay Structure
on an average salary of £77.1k, the company has an equivalent pay structure (£77.1k)
£77.1k - Biocortex Ltd
£77.1k - Industry AVG
Efficiency
resulting in sales per employee of £92.1k, this is less efficient (£124.5k)
£92.1k - Biocortex Ltd
£124.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Biocortex Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 63 days, this is slower than average (51 days)
63 days - Biocortex Ltd
51 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Biocortex Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 281 weeks, this is more cash available to meet short term requirements (33 weeks)
281 weeks - Biocortex Ltd
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7.1%, this is a lower level of debt than the average (51.3%)
7.1% - Biocortex Ltd
51.3% - Industry AVG
BIOCORTEX LTD financials
EXPORT
Biocortex Ltd's latest turnover from March 2024 is estimated at £1.2 million and the company has net assets of £1.4 million. According to their latest financial statements, Biocortex Ltd has 13 employees and maintains cash reserves of £582.8 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Turnover
1,197,441
544,612
22,692
Other Income Or Grants
Cost Of Sales
554,087
253,093
11,661
Gross Profit
643,354
291,520
11,030
Admin Expenses
2,696,007
1,096,530
25,613
Operating Profit
-2,052,653
-805,010
-14,583
Interest Payable
15,575
10,256
Interest Receivable
107,387
80,820
1,107
Pre-Tax Profit
-1,945,266
-739,765
-23,733
Tax
Profit After Tax
-1,945,266
-739,765
-23,733
Dividends Paid
Retained Profit
-1,945,266
-739,765
-23,733
Employee Costs
1,002,415
359,602
72,980
Number Of Employees
13
5
1
EBITDA*
-2,042,982
-802,709
-14,537
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Tangible Assets
103,374
43,756
2,314
Intangible Assets
24,499
608
243
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
127,873
44,364
2,557
Stock & work in progress
Trade Debtors
Group Debtors
714,174
Misc Debtors
99,906
138,799
15,905
Cash
582,789
3,508,153
295,138
misc current assets
total current assets
1,396,869
3,646,952
311,043
total assets
1,524,742
3,691,316
313,600
Bank overdraft
303,893
Bank loan
Trade Creditors
96,203
123,411
6,480
Group/Directors Accounts
200,000
other short term finances
hp & lease commitments
other current liabilities
11,585
5,685
24,960
total current liabilities
107,788
329,096
335,333
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
107,788
329,096
335,333
net assets
1,416,954
3,362,220
-21,733
total shareholders funds
1,416,954
3,362,220
-21,733
Mar 2024
Mar 2023
Mar 2022
Operating Activities
Operating Profit
-2,052,653
-805,010
-14,583
Depreciation
9,589
2,246
19
Amortisation
82
55
27
Tax
Stock
Debtors
675,281
122,894
15,905
Creditors
-27,208
116,931
6,480
Accruals and Deferred Income
5,900
-19,275
24,960
Deferred Taxes & Provisions
Cash flow from operations
-2,739,571
-827,947
998
Investing Activities
capital expenditure
-93,180
-44,108
-2,603
Change in Investments
cash flow from investments
-93,180
-44,108
-2,603
Financing Activities
Bank loans
Group/Directors Accounts
-200,000
200,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
4,123,718
2,000
interest
107,387
65,245
-9,149
cash flow from financing
-92,613
4,388,963
-7,149
cash and cash equivalents
cash
-2,925,364
3,213,015
295,138
overdraft
-303,893
303,893
change in cash
-2,925,364
3,516,908
-8,755
biocortex ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for biocortex ltd. Get real-time insights into biocortex ltd's credit score, group structure and payment trends.
Perform a competitor analysis for biocortex ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in W1W area or any other competitors across 12 key performance metrics.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024
net assets
1.4m
-0.58%
total assets
1.5m
-0.59%
cash
582.8k
-0.83%
net assets
Total assets minus all liabilities
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biocortex ltd company details
company number
13287534
Type
Private limited with Share Capital
industry
72110 - Research and experimental development on biotechnology
incorporation date
March 2021
age
4
incorporated
UK
ultimate parent company
BIOCORTEX INC
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
167-169 great portland street, london, W1W 5PF
Bank
-
Legal Advisor
-
biocortex ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to biocortex ltd.
biocortex ltd Capital Raised & Share Issues BETA
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biocortex ltdCompanies House Filings - See Documents
