{"name":"GLYCONICS LIMITED","company_number":"08742201","status":"Active","type":"Private Limited Company","incorporated":"2013-10-22","dissolved":null,"registered_office":"Unit 5 1 George Williams Way, Colchester, Essex, England, CO1 2JS","postcode":"CO1 2JS","sic_codes":[{"code":32500,"description":"Manufacture of medical and dental instruments and supplies"}],"principal_activity":null,"previous_names":[],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"31 March","last_made_up_to":"2026-03-31","next_due":"2027-12-31"},"employees":{"count":3,"accounts_date":"2026-03-31"},"financials":[{"financial_date":"2026-03-31","net_assets":4143802,"cash":3157,"average_employees":3},{"financial_date":"2025-03-31","net_assets":3845337,"cash":28146,"average_employees":4},{"financial_date":"2024-09-30","net_assets":3868736,"cash":199643},{"financial_date":"2024-03-31","net_assets":3406070,"cash":216453},{"financial_date":"2023-03-31","net_assets":2333440,"cash":498265}],"officers":{"current":2,"resigned":11,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/glyconics","people":"https://www.companiesintheuk.co.uk/company/glyconics/people","filing_history":"https://www.companiesintheuk.co.uk/company/glyconics/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/08742201","financials":"https://www.companiesintheuk.co.uk/company/glyconics/financial","control":"https://www.companiesintheuk.co.uk/company/glyconics/control","charges":"https://www.companiesintheuk.co.uk/company/glyconics/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/glyconics/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/glyconics"}