Smytec Ltd

Smytec Ltd from Market Harborough UK: a small, active company founded five years ago, employs three people, and holds £227,738 in assets. It’s led by five directors and owned by Smyth Alexander James. The company regularly imports electrical machinery and equipment, with the latest activity recorded four months ago.

The company operates within the other research and experimental development on natural sciences and engineering industries, offering cutting-edge technology solutions for forensic evidence recovery. Its website highlights a core business: hybrid-spectral imaging for non-contact forensic evidence search and capture. Smytec’s “BlindSite” technology is positioned as revolutionary, providing a non-contact approach to evidence recovery. The company also provides consultancy services to police, forensic practitioners, and academic institutes. They even have a team of experts to support the industry.

Financially, Smytec Ltd’s report shows some concerning trends. Cash bank on hand dropped significantly by 46% to £160,000, while current assets fell 51% to £230,000. Trade debtors have also plummeted by 61%, suggesting potential issues with customer payments. However, creditors decreased by 55%, indicating improved debt management. The company’s equity saw a substantial increase, with a 250% growth in share premium. 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, but the decline in current assets and cash reserves warrants attention. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Registered in England/Wales under the registration number 12317775, with a registered address at LE16 9SZ, England, Lubenham, Unit 1 Arc Business Centre.

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