42 genetics ltd
42 genetics ltd Company Information
Company Number
NI658976
Next Accounts
Nov 2025
Shareholders
richard irwin
stephen symington
View AllGroup Structure
View All
Industry
Research and experimental development on biotechnology
Registered Address
42 genetics limited, innovation, queens road, belfast, BT3 9DT
Website
42genetics.co.uk42 genetics ltd Estimated Valuation
Pomanda estimates the enterprise value of 42 GENETICS LTD at £225k based on a Turnover of £227k and 0.99x industry multiple (adjusted for size and gross margin).
42 genetics ltd Estimated Valuation
Pomanda estimates the enterprise value of 42 GENETICS LTD at £0 based on an EBITDA of £-158.1k and a 3.91x industry multiple (adjusted for size and gross margin).
42 genetics ltd Estimated Valuation
Pomanda estimates the enterprise value of 42 GENETICS LTD at £1.5m based on Net Assets of £812.1k and 1.79x industry multiple (adjusted for liquidity).
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42 Genetics Ltd Overview
42 Genetics Ltd is a live company located in belfast, BT3 9DT with a Companies House number of NI658976. It operates in the research and experimental development on biotechnology sector, SIC Code 72110. Founded in February 2019, it's largest shareholder is richard irwin with a 29% stake. 42 Genetics Ltd is a young, micro sized company, Pomanda has estimated its turnover at £227k with rapid growth in recent years.
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42 Genetics Ltd Health Check
Pomanda's financial health check has awarded 42 Genetics Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £227k, make it smaller than the average company (£3.8m)
- 42 Genetics Ltd
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (12.9%)
- 42 Genetics Ltd
12.9% - Industry AVG
Production
with a gross margin of 26.8%, this company has a higher cost of product (55.7%)
- 42 Genetics Ltd
55.7% - Industry AVG
Profitability
an operating margin of -69.6% make it less profitable than the average company (-10.2%)
- 42 Genetics Ltd
-10.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (47)
- 42 Genetics Ltd
47 - Industry AVG
Pay Structure
on an average salary of £82k, the company has an equivalent pay structure (£82k)
- 42 Genetics Ltd
£82k - Industry AVG
Efficiency
resulting in sales per employee of £227k, this is more efficient (£129.5k)
- 42 Genetics Ltd
£129.5k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is later than average (53 days)
- 42 Genetics Ltd
53 days - Industry AVG
Creditor Days
its suppliers are paid after 782 days, this is slower than average (57 days)
- 42 Genetics Ltd
57 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- 42 Genetics Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - 42 Genetics Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 32.1%, this is a lower level of debt than the average (51.9%)
32.1% - 42 Genetics Ltd
51.9% - Industry AVG
42 GENETICS LTD financials
42 Genetics Ltd's latest turnover from February 2024 is estimated at £227 thousand and the company has net assets of £812.1 thousand. According to their latest financial statements, we estimate that 42 Genetics Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | 1,150,693 | 1,039,377 | 835,070 | ||
| Intangible Assets | 194,538 | 100,000 | |||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 1,150,693 | 1,039,377 | 835,070 | 194,538 | 100,000 |
| Stock & work in progress | |||||
| Trade Debtors | 44,501 | 186,759 | 178,706 | ||
| Group Debtors | |||||
| Misc Debtors | 11 | ||||
| Cash | 6,952 | 100 | |||
| misc current assets | |||||
| total current assets | 44,501 | 186,759 | 178,706 | 6,963 | 100 |
| total assets | 1,195,194 | 1,226,136 | 1,013,776 | 201,501 | 100,100 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 356,582 | 50,302 | 83,465 | 100,000 | 100,000 |
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 94,800 | ||||
| total current liabilities | 356,582 | 50,302 | 83,465 | 194,800 | 100,000 |
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | 1,650 | 173,185 | 15,000 | ||
| other liabilities | 24,897 | 32,500 | 43,333 | ||
| provisions | |||||
| total long term liabilities | 26,547 | 205,685 | 58,333 | ||
| total liabilities | 383,129 | 255,987 | 141,798 | 194,800 | 100,000 |
| net assets | 812,065 | 970,149 | 871,978 | 6,701 | 100 |
| total shareholders funds | 812,065 | 970,149 | 871,978 | 6,701 | 100 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | |||||
| Amortisation | |||||
| Tax | |||||
| Stock | |||||
| Debtors | -142,258 | 8,053 | 178,695 | 11 | |
| Creditors | 306,280 | -33,163 | -16,535 | 100,000 | |
| Accruals and Deferred Income | -171,535 | 158,185 | -79,800 | 94,800 | |
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | |||||
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | -7,603 | -10,833 | 43,333 | ||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -6,952 | 6,852 | 100 | ||
| overdraft | |||||
| change in cash | -6,952 | 6,852 | 100 |
42 genetics ltd Credit Report and Business Information
42 Genetics Ltd Competitor Analysis
Perform a competitor analysis for 42 genetics ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in BT3 area or any other competitors across 12 key performance metrics.
42 genetics ltd Ownership
42 GENETICS LTD group structure
42 Genetics Ltd has no subsidiary companies.
Ultimate parent company
42 GENETICS LTD
NI658976
42 genetics ltd directors
42 Genetics Ltd currently has 5 directors. The longest serving directors include Mr John Fichthorn (Jan 2022) and Mr Richard Irwin (Jan 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Fichthorn | Northern Ireland | 52 years | Jan 2022 | - | Director |
| Mr Richard Irwin | United Kingdom | 51 years | Jan 2022 | - | Director |
| Mr John Fichthorn | United Kingdom | 52 years | Jan 2022 | - | Director |
| Mr Richard Irwin | 51 years | Jan 2022 | - | Director | |
| Ms Rachel Ravens | Northern Ireland | 39 years | Jan 2024 | - | Director |
P&L
February 2024turnover
227k
-47%
operating profit
-158.1k
0%
gross margin
26.8%
-3.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
812.1k
-0.16%
total assets
1.2m
-0.03%
cash
0
0%
net assets
Total assets minus all liabilities
42 genetics ltd company details
company number
NI658976
Type
Private limited with Share Capital
industry
72110 - Research and experimental development on biotechnology
incorporation date
February 2019
age
6
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
February 2024
previous names
42 genetic ltd (August 2020)
42 genetics ltd (March 2019)
accountant
-
auditor
-
address
42 genetics limited, innovation, queens road, belfast, BT3 9DT
Bank
-
Legal Advisor
-
42 genetics 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 42 genetics ltd.
42 genetics ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for 42 GENETICS LTD. This can take several minutes, an email will notify you when this has completed.
42 genetics ltd Companies House Filings - See Documents
| date | description | view/download |
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