Freyr Life Sciences Ltd

Freyr Life Sciences Ltd from Reading UK is a small holding company, currently active, and celebrating its eleventh anniversary. Founded in 2014, the company employs twenty-five people and holds assets worth £133,107. It has a real address and is managed by one director and one owner. The company is an irregular importer, primarily dealing in optical and medical tools and devices, with just one month of import activity recorded.

The company operates within the "other professional, scientific and technical activities n.e.c." industries. Its website showcases a range of services, including regulatory affairs, medical writing, and pharmacovigilance, catering to the pharmaceutical and medical device sectors. The site offers both traditional consulting services and innovative regulatory software solutions, highlighting a focus on digital transformation within the industry. It even has a section dedicated to global regulatory intelligence, suggesting a data-driven approach to regulatory compliance. The website’s design is professional and informative, with a focus on building trust and showcasing expertise.

Financially, Freyr Life Sciences Ltd presents a mixed picture. While cash reserves increased by 23% to £130,000, net assets decreased by a significant 82% to -£160,000. Creditors have also been reduced, which is a positive sign, but the substantial loss in equity suggests the company may be burning through cash. The number of average employees during the period decreased by 12%, which could be due to restructuring or cost-cutting measures. The company meets the criteria for a small business, with turnover under £10.2 million and assets under £5.1 million. The accounts are abridged and unaudited, and there’s no auditor mentioned.

The company’s irregular import activity—just one month of importing optical and medical tools—raises questions about its core business model. Perhaps it’s a service-focused company that occasionally sources specific items for clients, or maybe it’s facing challenges in securing consistent import deals. Overall, Freyr Life Sciences Ltd appears to be navigating a period of change, balancing its service offerings with financial pressures.

Registered in England/Wales under the registration number 09041587, with a registered address at RG1 1NU, England, Reading, Berkshire, 9 Greyfriars Road.

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