Rfid Discovery Solutions Ltd

Rfid Discovery Solutions Ltd, based in Hull, UK, is a small, holding company with an active status. Founded two years ago in May 2022, the company employs seventeen people and holds assets totaling £1,398,681. It operates from a real address and is overseen by five directors and one owner. The company regularly imports electrical machinery and equipment, with 46 months of import activity recorded, the latest in February 2025. It exports electrical machinery and equipment irregularly, with just two months of export activity, the last in December 2023.

The company’s website reveals it’s a leading provider of location tracking solutions, using technologies like RFID, BLE, UWB, and GPS. It serves a wide range of industries, including healthcare, warehousing, logistics, manufacturing, construction, oil & gas, aviation, and retail. Services include asset tracking, worker safety, inventory management, and more—even offering specialized solutions like patient discharge management and baby tagging. The site also highlights partnerships with Paragon ID, a global leader in identification solutions.

Financially, Rfid Discovery Solutions Ltd presents a mixed picture. While the company holds £1,398,681 in assets, net assets have declined to -£750,000. Bank borrowings increased significantly, reaching £910,000, while cash reserves remained relatively stable at £53,000. Trade debtors increased to £1,300,000, and creditors rose to £660,000. 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 it to be agile, but the negative equity raises concerns. The accounts are unaudited, and no auditor is mentioned, likely due to the small company exemption.

The company's focus on technology and diverse industry applications suggests a growth-oriented strategy, but the financial data indicates a need for careful management. It's a interesting company with a lot of potential, but it needs to watch its cashflow.

Registered in England/Wales under the registration number 14088799, with a registered address at HU7 0XY, England, Hull, Bemrose Booth Paragon, Stockholm Road.

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