Scitech Engineering Ltd

Scitech Engineering Ltd, based in Godalming, UK, is a holding company with an active status, having been incorporated twenty-three years ago in December 2001. The company employs sixty-nine people and holds assets valued at £6,369,671. It’s led by five directors and has one owner, with a respectable Google rating of 4.0 based on seven reviews. Scitech Engineering Ltd operates in the professional, scientific, and technical activities sector, specializing in engineering design for industrial processes.

The company’s website doesn't offer much insight into e-commerce activities; it seems to primarily serve as an informational hub detailing their engineering services. It’s a business-to-business operation rather than a direct-to-consumer retailer.

Financially, Scitech Engineering Ltd presents a mixed picture. While turnover remains undisclosed, net assets have decreased by 27%, falling to £640,000. Bank borrowings have significantly increased by 1200%, reaching £750,000, and cash reserves have declined by 79%, leaving just £970,000. Creditors have also decreased by 33%, suggesting improved debt management. The company’s staff costs have risen by 17%, reaching £7.1 million, and net losses have deepened to -£500,000. The lack of an auditor is not unusual for a company of this size, meaning the figures are unaudited.

These trends could be attributed to several factors, such as increased investment in projects, fluctuating export activity (the company is an irregular exporter with its top category being optical and medical tools, with just one month of exports recorded in August 2022), or perhaps a shift in business strategy. The sharp increase in bank borrowings is a particular point of interest, suggesting a need for external funding. The company’s size, with its sixty-nine employees, allows for flexibility, but the decline in equity raises questions about its long-term financial stability.

Registered in England/Wales under the registration number 04341006, with a registered address at GU7 1EY, England, Godalming, Surrey, Scitech House, Mill Lane.

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