Scence Ltd

Scence Ltd from Truro UK is a small, active company founded six years ago. With three employees and £9,568 in assets, it operates from a virtual address and is led by two directors and owners. The company runs an e-commerce site and regularly exports essential oils and perfumes, having done so for seven months, with the last operation occurring in May 2023.

The company’s website isn’t readily available for analysis, but its description suggests a focus on online retail and wholesale of beauty products. It operates in the manufacture of perfumes and toilet preparations, the wholesale of perfume and cosmetics, the retail sale via stalls and markets of other goods, and the retail sale via mail order houses or via internet industries.

Financially, Scence Ltd presents a mixed picture. Accumulated depreciation on furniture and plant machinery increased by 25% and 21% respectively, suggesting investment in equipment. However, the average number of employees decreased by 33%, indicating potential cost-cutting measures. Bank borrowings decreased significantly, falling by 68% and 14% in current and non-financial instruments, which is a positive sign. Current assets, however, plummeted by 68% to just £9,600, and net assets also decreased by 3.5% to -£61,000. Creditors decreased by 41%, suggesting improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it is exempt from an audit, so the figures are unaudited.

While the decrease in assets and the negative equity are concerning, the reduction in bank borrowings and creditors suggests that Scence Ltd is managing its debt effectively. The decrease in employee numbers could be a response to the challenging financial climate, or it could be part of a restructuring plan. The company’s focus on exporting essential oils and perfumes, combined with its e-commerce presence, positions it well for continued growth—provided it can address the decline in its asset base.

Registered in England/Wales under the registration number 11368203, with a registered address at TR1 1DG, England, Truro, Cornwall, The Old Carriage Works, Moresk Road.

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