Apollo Scientific Ltd

Apollo Scientific Ltd, based in Manchester, UK, is a sizable company with a holding structure and active status. Established 31 years ago in 1993, the firm employs 76 people and boasts assets of £13,452,853, generating a yearly revenue of £11,277,094. With three directors and one owner, and a real address at Unit 3 & 4 Parkway, Denton, the company is a regular importer and exporter of organic chemicals, with 3140 months of import activity and 3705 months of export activity recorded. Central Glass Co Ltd owns Apollo Scientific Ltd.

The company operates in the manufacture of other inorganic basic chemicals industries. Its website highlights its role as a trusted chemical manufacturer and supplier, offering a wide range of research chemicals, building blocks, and life science reagents. It caters to both academic and industrial clients, emphasizing quality, reliability, and in-house expertise. The site also showcases custom synthesis services and a commitment to socially responsible practices.

Financially, Apollo Scientific Ltd presents a mixed picture. While turnover remained steady at around £11 million, net assets declined by 6.3% to £12 million. Bank borrowings increased by 27%, reaching £1.7 million, while cash reserves fell by 10% to £5.2 million. Creditors also increased by 12%, suggesting potentially tighter payment terms with suppliers. The company’s size (meeting two of three criteria for a large company) and the lack of an auditor (likely exempt) mean the figures rely on unaudited statements.

The rise in bank borrowings, alongside the decrease in cash reserves, suggests that Apollo Scientific Ltd may be investing in growth or facing increased operating expenses. However, the continued revenue generation and the company's established position in the chemical supply market indicate a stable, albeit potentially challenging, financial outlook. The company's strong focus on custom synthesis and life science reagents could be a key driver of future growth, but managing working capital and maintaining supplier relationships will be crucial.

Registered in England/Wales under the registration number 02856632, with a registered address at M34 3SG, England, Manchester, Unit 3 & 4 Parkway, Denton.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.