Molendotech Limited

Molendotech Limited, based in Brixham, UK, is a small, active company founded seven years ago in 2017. With seven employees and £623,354 in assets, it operates from a real address and is overseen by four directors, though there are no reported owners. The company irregularly imports miscellaneous chemical products (two months of activity, last in April 2024) and exports optical and medical tools and devices (one month of activity, last in September 2024). It's a private limited company, and the accounts are unaudited, likely due to its small size.

Molendotech’s website highlights its focus on rapid endotoxin detection technology, aiming to tackle global threats to public health and the environment. The company, leveraging scientific research, offers a portable and simple-to-use testing kit called Bacterisk, which provides rapid and reliable results for under £25 per sample. The team includes scientists, researchers, and industry experts, with a focus on innovation and collaboration. They even have a research and development team, and are working with several universities.

Financially, Molendotech shows a mixed picture. Cash reserves increased significantly, jumping 100% to £490,000, which is good news. However, retained earnings dropped dramatically, falling 180% to -£52,000—a substantial loss. Bank borrowings remain stable at £5,500. Trade creditors decreased by 75%, suggesting improved debt management, but trade debtors increased by 890%, which could indicate payment delays. The company meets the criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s focus on specialized testing and its partnerships with universities suggest a potential for growth, but the significant loss in retained earnings warrants close attention. It’s a small company, and the lack of an auditor means the figures are self-reported, so a little extra scrutiny is needed.

Registered in England/Wales under the registration number 10842089, with a registered address at TR1 3FF, England, Truro, Cornwall, Health And Wellbeing Innovation Centre, Treliske.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.