Scitek Consultants Limited

Scitek Consultants Ltd from Derby, UK, is a small, family-run business that’s been active for 27 years. Employing 26 people, the company holds £3,324,083 in assets and operates from a virtual address – eleven companies are registered at the same location, which is unusual. Four directors and two owners manage the company, which has been operating in the other research and experimental development on natural sciences and engineering industries. They regularly import and export optical and medical tools and devices, with six months of import activity and seven months of export activity recorded.

The company’s website showcases a diverse range of engineering services, including test rig design and manufacture, engineering ideas to practical solutions, and a variety of testing facilities. They also produce their own products, such as seeding generators and spray cone angle measurement systems. Scitek’s website highlights their expertise in renewable energy, hydrogen projects, and even offers a test bed for synthetic aviation fuels. They have a dedicated team and even work with academia.

Financially, Scitek Consultants Ltd presents a mixed picture. Cash reserves have increased significantly, jumping 99% to £2.2 million, which is a positive sign. However, trade debtors have decreased by a large 50%, dropping to £1.2 million – this could indicate difficulties in collecting payments. Creditors have also fallen by 32%, and net assets have increased 7.1% to £2.9 million. Despite these changes, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility. The company’s net losses deepened from -£10,000 to -£23,000. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

It seems Scitek Consultants Ltd is navigating a period of change, with strong cash reserves but some challenges in managing debtors. Their diverse range of engineering services and focus on innovation suggests a company with potential, but the financial figures warrant close monitoring.

Registered in England/Wales under the registration number 03457565, with a registered address at DE24 8HP, England, Derby, 10 Stadium Business Court, Millennium Way, Pride Park.

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