Ridge Pharma Limited

Ridge Pharma Limited, based in Reading, UK, is a small holding company with an active status. Founded eight years ago in 2017, the company employs 21 people and holds £2,185,603 in assets. It operates from a virtual address, a detail that’s a little unusual as ninety-five other companies are registered at the same location. The business is led by six directors and has one owner, although it's worth noting that this owner list isn’t exhaustive. Ridge Pharma is a regular importer, specializing in pharmaceutical products, with seven months of import activity recorded, the last operation made in October 2023.

The company’s website paints a picture of a growing business focused on ethical and sustainable practices. It’s not an e-commerce site; rather, it’s a platform showcasing its team, values, and commitment to employee development. The website highlights a strong emphasis on training and professional growth, with investments in learning opportunities and collaborations. There’s also a focus on building strong partnerships within the pharmaceutical industry, with a team of experienced professionals leading various departments. The company operates in the “other human health activities” sector.

Financially, Ridge Pharma Limited presents a mixed picture. While current assets increased by a solid 61% to £2.2 million, net assets actually decreased by 21% to £700,000. Bank borrowings surged dramatically, increasing by 2,400% to £750,000, while cash reserves fell 39% to £530,000. Creditors also rose significantly, increasing by 190% to £1.6 million. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Despite this, the sharp drop in equity and the reliance on increased borrowing suggest the company may be burning through cash. The accounts are unaudited, likely due to its small size, and there's no auditor mentioned. The increase in trade debtors, rising by 80% to £720,000, could indicate challenges in collecting payments.

Registered in England/Wales under the registration number 10612687, with a registered address at RG31 5DL, England, Reading, Berkshire, 12 Park Lane, Tilehurst.

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