Veon Scientific Ltd

Veon Scientific Ltd, based in Bedford, UK, is a small, active company founded nine years ago. Employing just three people, it holds £245,607 in assets and operates from a real address. With two directors and two owners at the helm, the company is focused on delivering laboratory automation solutions.

The company’s website, Science by Design, highlights its expertise in engineering, science, and market knowledge. It offers off-the-shelf products, custom solutions, and OEM partnerships, catering to both SME and larger organizations. They provide services like concept validation, design refinement, and performance optimization, even offering manufacturing services compliant with ISO 9001:2015 standards. Their i.prep Platform Technology and focus on partnerships suggests a B2B model, working with instrument manufacturers and providing end-to-end support.

Financially, Veon Scientific Ltd presents a mixed picture. While cash bank holdings have increased dramatically—a staggering 1,300% to £170,000—net assets have significantly declined, dropping 61% to £38,000. Trade debtors have fallen sharply, decreasing 81% to £24,000, which could indicate improved collection efforts, or a reduction in sales. However, loans from directors have soared by 8,100% to £110,000, and creditors have increased, suggesting a reliance on short-term financing. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the substantial equity drop warrants attention. The accounts are unaudited, which is common for small companies.

The significant increase in loans from directors, coupled with the decrease in equity, suggests Veon Scientific Ltd may be burning through cash to fuel growth, or facing unexpected expenses. It’s possible they’re reinvesting heavily in their technology or partnerships, but the financial data hints at a need for careful management of their resources.

Registered in England/Wales under the registration number 09612787, with a registered address at MK40 3HD, United Kingdom, Bedford, I-Kan, 38 Mill Street.

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