Read Scientific Limited

Read Scientific Limited, based in Norfolk, UK, is a small, active company established 22 years ago. With two employees and £148,368 in assets, it operates from a virtual address – a detail flagged by the fact that 18 companies are registered at the same location. The business is led by one director and one owner, with the owner being William Read.

The company's core activity revolves around importing optical and medical tools and devices, a regular practice spanning 25 months, with the latest import occurring in November 2024. It also engages in irregular exporting of these same tools and devices, with just two months of export activity recorded, the last one in January 2022. Read Scientific Limited provides technical support, research, and consultancy services to government and defence industries, often partnering with other businesses and universities. Its website highlights a focus on data science, operational analysis, and investment appraisal.

Financially, the company’s net assets have decreased by 5.9% to £90,000. Cash reserves have increased by 12% to £120,000, which is a positive sign. However, trade debtors have fallen by a significant 49%, suggesting potential issues with customer payments. Bank borrowings have increased by 24%, and creditors have also risen, indicating a greater reliance on external financing. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the decline in equity warrants attention. No auditor is mentioned, likely due to the company’s exemption as a small entity. It seems like Read Scientific is managing, but facing some financial pressures.

Registered in England/Wales under the registration number 04663148, with a registered address at PE30 1HB, Norfolk, 19 King Street, King's Lynn.

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