Rich-mond Scientific Ltd

Richmond Scientific, a UK-based supplier of used lab equipment, is navigating some financial shifts. Founded over 25 years ago, the company serves a wide range of businesses, from manufacturing facilities to research labs, and even exports equipment internationally. With a team of 13 employees, Richmond Scientific holds £46,000 in fixed assets.

The company operates primarily as a reseller of used scientific equipment, offering a wide variety of items including autoclaves, balances, centrifuges, and environmental chambers. Its website showcases a comprehensive catalog, categorized by type of equipment and application. It's not an ecommerce site in the traditional sense, but rather a portal for browsing inventory and contacting the company to arrange purchases. They also offer lab clearance services and sell new Hydrolab water purification systems.

Recent financial data reveals a mixed picture. Cash bank on hand has fallen significantly, dropping 34% to £180,000. While this indicates a decrease in readily available funds, it's important to note that the company’s debtors have increased dramatically, jumping 340% to £100,000. This could suggest a period of increased sales but also potential challenges in collecting payments. Equity has also taken a hit, declining 34% to £95,000. Conversely, creditors have increased by 25%, reaching £230,000, and bank borrowings have risen, though the figures are split between current and non-financial instruments. The company's net assets and liabilities have also decreased by 42%.

Notably, the company’s accumulated depreciation on property, plant, and equipment has increased by 28%, reflecting the aging of its inventory. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company. The increase in debtors and the decrease in cash reserves could indicate a need to focus on cash flow management, although the increase in creditors might be due to increased purchasing of equipment to resell.

Registered in England/Wales under the registration number 07207807, with a registered address at PR7 4BZ, United Kingdom, Chorley, Lancashire, 1 Grundy's Lane, Duxbury.

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