Radtest Ltd

Radtest Ltd, based in Mildenhall, UK, is a small, holding company with an active status, having been founded 22 years ago in 2003. The company employs eight people and holds £700,553 in assets, operating from a virtual address shared by 212 other companies – a bit unusual. It's led by two directors and one owner, with Hiacre Group Ltd listed as the parent company.

Radtest Ltd specializes in radiation testing and support, offering services to various sectors including space, nuclear, medical, and defense. Its website details a history rooted in Aeroflex and Cobham, eventually becoming independent in 2020. The company provides total dose testing, single event effects testing, and other radiation testing services, alongside a range of products. It’s a regular importer of optical and medical tools and devices (22 months) and a regular exporter of electrical machinery and equipment (13 months).

Financially, Radtest Ltd presents a mixed picture. Current assets have decreased by 11% to £700,000, while net assets have fallen by a more significant 42% to £240,000. Bank cash has plummeted 60% to £150,000, and trade debtors have increased substantially by 35% to £550,000. On a positive note, creditors have decreased by 30% to £500,000, suggesting some improvement in debt management. The company's small size (meeting two of three criteria for being small) helps it stay nimble, but the sharp decline in equity is a concern. The company’s unaudited financial statements, which were prepared by UHY Ross Brooke, rely on director-reported data.

While the company appears to be active in its niche radiation testing market, the financial data suggests it's facing some challenges and is perhaps burning through cash. Whether the business can sustain this level of activity remains to be seen.

Registered in England/Wales under the registration number 04626618, with a registered address at IP28 7DE, England, Mildenhall, Suffolk, 82a James Carter Road.

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