GLYCONICS LIMITED
Company number 08742201 · Monitor this company
Executive summary
Glyconics is a lean, pre-revenue UK medical device developer in the diabetes-technology space that has deployed ~£5.7m of equity into a £4.1m capitalised development programme and is now at the critical CE-marking stage via BSI under the EU MDR regime. Its balance sheet strength is illusory — 91.5% of assets are unamortised development costs, cash is effectively exhausted at £3,157, and going concern depends on uncommitted further investment, leaving the company squarely in the sector's "valley of death" at sub-scale versus the Abbott/Dexcom-dominated competitive landscape. The June 2026 board departures and negative working capital add governance and liquidity risks that make the next funding round the single decisive variable in whether twelve years of development reach the market.
Shareholders' funds
£5,694,819
Balance sheet as at 2026-03-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2013-10-22
- Employees
- 3 (2026 accounts · was 4 in 2025)
- Registered office
- Unit 5 1 George Williams Way, Colchester, Essex, England, CO1 2JS
- Postcode
- CO1 2JS
- Capital
- 449 GBP
- Accounts category
- Total Exemption Full
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2026-03-31
- Next due by
- 2027-12-31
- Financial year end
- 31 March
Confirmation statement
- Last statement dated
- 2026-01-05
- Next due by
- 2027-01-19
Nature of business (SIC)
- 32500 Manufacture of medical and dental instruments and supplies
Officers 2 current · 11 resigned
Previous registered addresses 3
| Address | Changed on |
|---|---|
| ST JOHN'S INNOVATION CENTRE COWLEY ROAD, CAMBRIDGE, CB4 0WS | 2019-02-18 |
| C/O BROOMFIELD & ALEXANDER LTD, CHARTER COURT PHOENIX WAY, ENTERPRISE PARK, SWANSEA, SA7 9FS | 2017-07-07 |
| BERRY SMITH LLP HAYWOOD HOUSE, DUMFRIES PLACE, CARDIFF, CF10 3GA, UNITED KINGDOM | 2014-07-10 |
Among its peers
Top 5%
by shareholders' funds, of 123 similar companies in CO — measured against the wider sector
Trading since 2013.
The class of 2013
22%
of the 530,498 companies incorporated in 2013 are still active today; 75% have since been dissolved.
A fact about the year, not a forecast for this company.