Raddec International Ltd

Raddec International Ltd, based in Newbury, UK, is a small holding company with an active status, established nineteen years ago. Employing just three people and holding assets of £1,387,302, it operates from a virtual address shared by 153 other companies – a potential red flag. The company is managed by five directors and has one owner, though the owner’s identity isn’s fully disclosed. It functions as an irregular importer of machinery, boilers, and mechanical appliances, with recent imports occurring in October 2024, and a regular exporter of glass and glassware, with recent exports in November 2024.

The company's website reveals a specialized focus: radioanalytical solutions. Raddec designs, tests, and markets innovative radioanalytical technologies for extracting volatile radionuclides, catering to sectors like nuclear decommissioning, environmental monitoring, and university research. It appears to be a B2B operation, not an e-commerce business, with a focus on high-value equipment and consumables underpinned by scientific research. The website highlights a commitment to quality and expertise, showcasing a range of products and services for radioanalytical laboratories worldwide.

Financially, Raddec International Ltd presents a mixed picture. While cash reserves increased by a healthy 45% to £870,000, current assets only grew by 51% to £1,400,000. Debtors have increased dramatically, ballooning by 220% to £380,000, which could indicate difficulties in collecting payments. Creditors also rose significantly, up 130% to £200,000. The company’s net assets increased by 41% to £1,200,000, but the increase in liabilities suggests it’s using debt to fuel growth. Depreciation charges on plant machinery decreased, and the company’s small size (meeting two of three conditions for a small company) allows for flexibility. No auditor is mentioned, so the financial statements are unaudited.

Overall, Raddec International Ltd seems to be growing, but its reliance on debt and the increase in debtors warrants closer scrutiny. The company's specialized niche and focus on high-value equipment suggest a sustainable business model, but managing its financial obligations will be crucial for long-term success.

Registered in England/Wales under the registration number 05702768, with a registered address at RG14 1JL, United Kingdom, Newbury, Berkshire, Elizabeth House, 13-19 London Road.

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