Spheritech Limited

Spheritech Limited, based in Runcorn, UK, is a small, active company founded sixteen years ago in 2009. With six employees and £178,246 in assets, it operates from a real address within The Heath Business & Technical Park. Two directors and one owner oversee the business, which has a unique import/export profile. The company is an irregular importer of iron or steel products, with just one month of import activity recorded in December 2024, but a regular exporter of plastics and plastic products, with three months of export activity ending in November 2021.

Spheritech’s core business revolves around research and experimental development within the biotechnology industry, as indicated by its website. The site functions as a comprehensive online hub for veterinary professionals, offering continuing professional development (CPD) resources, clinical skills videos, and news articles. It’s essentially a knowledge hub, encouraging membership and showcasing expertise in areas like ophthalmology and animal welfare. The site even offers a postgraduate certificate program in ophthalmology in partnership with Improve Veterinary Education.

Financially, Spheritech Limited presents a mixed picture. While cash reserves have dwindled to just £470, bank borrowings have surged by a significant 100%, reaching £46,000. Current assets have fallen by 32% to £180,000, and net assets have plunged 43% to -£350,000. Creditors have also increased, rising 4.5% to £470,000, while trade debtors have decreased substantially, dropping 36% to £150,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the substantial equity decline and rising debt raise concerns about its financial health. The company is exempt from an audit, so the financial data is unaudited. The increase in bank borrowings suggests the company may be burning through cash, although the exact reasons remain unclear.

Registered in England/Wales under the registration number 06885285, with a registered address at WA7 4QX, Runcorn, Cheshire, Spheritech Ltd, The Heath Business & Technical Park.

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