Rq Open Ltd

Rq Open Ltd is a small, family-run business based in Wigston, UK, with an active trading status. Founded twelve years ago in 2012, the company employs seven people and holds £373,662 in assets. It has two directors and two owners, and operates from a real registered address. The firm is a regular importer of meat and edible meat offal, with 30 months of import activity recorded, the last in April 2024.

The company’s operations center around wholesale and retail of meat and meat products, catering to specialised stores. Its website, while basic, highlights a mission to develop medicines based on broad-spectrum antibodies to protect vulnerable people from viral infections. It’s a niche focus, and the site clearly targets a scientific audience, referencing public health, viral targets, and pipeline development.

Financially, Rq Open Ltd shows a mixed picture. Current assets increased slightly to £370,000, while cash reserves decreased by 34% to £110,000. Trade debtors have risen significantly, up 41% to £270,000, which could indicate increased sales but also potential payment delays. Equity, however, has fallen by 3.2% to £320,000, and creditors have increased by 78% to £75,000—a concerning trend. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the decrease in equity warrants closer attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Rq Open Ltd is holding its own, but the rising debt and falling equity suggest it's burning through money. The focus on developing viral medicines, while promising, may require significant investment, and it's unclear whether the company can sustain its operations in the long term.

Registered in England/Wales under the registration number 08187797, with a registered address at LE18 4UD, England, Wigston, 20 Hindoostan Avenue.

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