Freeland Scientific Limited

Freeland Scientific Limited is a small, active company based in Hextable, UK, established 23 years ago in 2001. With a single employee and £95,988 in assets, it operates from a real address and is overseen by three directors and one owner. The company regularly imports and exports optical and medical tools and devices, with 8 months of import activity and 3 months of export activity recorded, the latest in December 2024 and September 2023 respectively.

The company’s operations appear to focus on the other manufacturing n.e.c. industries, and it’s likely that it supplies these tools and devices to various clients. The website is non-existent, which suggests a business-to-business model rather than direct consumer sales.

Financially, Freeland Scientific Limited presents a mixed picture. Current assets decreased by 14% to £96,000, while net assets declined by 6.6% to -£500,000. Bank borrowings decreased by 21%, indicating better debt management, but trade debtors also fell by 20%, which could mean slower customer payments. Creditors increased by 5.5%, and equity remained unchanged. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the negative equity is a concern. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

The company’s financial data indicates a possible trend of burning through money. While it has reduced its bank borrowings, the decrease in assets and the negative equity suggest that the company is struggling to generate profits. The decrease in trade debtors could be a sign of customers taking longer to pay their invoices, which could further strain the company’s cash flow. It’s possible that the company is facing challenges in its market or that it is struggling to manage its costs effectively.

Registered in England/Wales under the registration number 04293320, with a registered address at BR8 7LT, England, Hextable, Kent, Rosedale Nursery, College Road.

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