Coastsense Ltd

Coastsense Ltd, based in Liverpool, UK, is a small, active company founded seven years ago in 2017. It employs five people and holds £164,745 in assets. The company is led by five directors, with Sinclair Alexander John Phythian as the sole owner and solo founder. It regularly imports optical and medical tools and devices, with three months of import activity recorded.

The company operates in the other research and experimental development on natural sciences and engineering industries. While a website isn't available, this suggests a focus on specialized research or consulting rather than direct sales. It’s likely the company provides scientific or technical expertise to other organizations.

Financially, Coastsense Ltd shows a mixed picture. Current assets increased by 51% to £160,000, while net assets rose by 54% to £76,000. Bank borrowings decreased by 21%, indicating better management of debt. However, net current liabilities increased by 11% to -£110,000, suggesting the company is spending more than it's bringing in. The company meets two of three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). With no auditor mentioned, the financial statements are unaudited.

Despite the increase in assets, the negative net current liabilities suggest Coastsense Ltd may be burning through cash. The company’s focus on research and development could mean it’s investing heavily in projects with long-term payoffs, but it’s also possible that revenue isn’t keeping pace with expenses. The increase in bank borrowings could be a sign of the company needing to finance its operations, and the decrease in cash reserves is concerning.

Registered in England/Wales under the registration number 10898553, with a registered address at L1 0BG, United Kingdom, Liverpool, 320 Mariners House Queens Dock Business Centre,, Norfolk Street.

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