Newmarket Scientific Ltd

Newmarket Scientific Ltd is a small, active company based in Newmarket, UK, established sixteen years ago in 2009. With five employees and £18,306 in assets, it operates from a real address and is overseen by one director and owner. The company regularly imports miscellaneous chemical products, with 21 months of import activity recorded, the latest in May 2024. It also exports these products, though less frequently, with just three months of export activity, the last in October 2022. Newmarket Scientific Ltd’s business falls under the “other professional, scientific and technical activities n.e.c.” industries.

The company’s website is non-existent, so it’s difficult to determine if they operate an e-commerce site or rely on direct sales. Without a website, it's unclear how they reach customers or market their products.

Financially, Newmarket Scientific Ltd presents a mixed picture. Current assets have fallen by a significant 46% to £18,000, while net assets have plummeted 350% to -£11,000. This is a worrying trend, suggesting the company is burning through cash. Cash bank on hand has also decreased dramatically, falling 81% to just £3,700. However, trade debtors have increased by 12%, indicating potentially improved collections or extended credit terms. 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 sharp decline in equity raises concerns. There's no auditor mentioned, which is common for small, exempt companies.

The company’s owner, Bhatt Rakesh, also serves as director, and the list of directors hasn’t changed in twelve years. The company’s financial data shows a concerning trend of losses, but it’s possible this is a temporary setback. It would be beneficial to see a more detailed breakdown of expenses to understand where the money is being spent.

Registered in England/Wales under the registration number 06805443, with a registered address at CB8 7PN, Newmarket, Suffolk, 9-10 Rosemary House, Lanwades Business Park Kennett.

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