Recordati Pharmaceuticals Limited

Recordati Pharmaceuticals Ltd, based in Hemel Hempstead, UK, is a sizable holding company with an active status. Established 20 years ago, in 2005, the company employs a small team of seven individuals and holds assets valued at £15,346,040. Its yearly revenue stands at £9,484,547. With three directors and one owner, the company operates from a real address, shared by five other businesses. It’s an irregular importer, primarily dealing in essential oils and perfumes, with the latest import occurring just one month ago.

The company’s website paints a picture of a global pharmaceutical enterprise. Recordati boasts a long history, spanning almost a century, and is listed on the Italian stock exchange. It focuses on developing and commercializing medicines for common and rare diseases, serving patients in approximately 150 countries. The website highlights its commitment to social and environmental responsibility, showcasing its operations, investor relations, and career opportunities. It also features a dedicated section for sustainability, detailing its ESG indices and contact information. The company even has a dedicated section for career opportunities, and a section for alerts.

Financially, Recordati Pharmaceuticals Ltd exhibits some concerning trends. While cash bank on hand increased by a respectable 10% to £1.9 million, net assets decreased by 44% to £2.4 million. This significant drop in equity, coupled with a 29% reduction in the average number of employees, suggests potential cost-cutting measures or a restructuring of operations. Interestingly, director remuneration increased by 72%, while pension costs plummeted 61%, indicating a shift in compensation strategies. Trade debtors have ballooned by 87%, which may be a sign of delayed customer payments, or perhaps an expansion of credit terms. The company’s auditor is James Cowper Kreston Audit. Overall, Recordati Pharmaceuticals Ltd appears to be navigating a period of change, balancing its global reach with internal adjustments.

Registered in England/Wales under the registration number 05421174, with a registered address at HP2 4TZ, England, Hemel Hempstead, Breakspear Park, Breakspear Way.

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