Veqter Ltd

Veqter Ltd, based in Bristol, UK, is a small, active company founded 21 years ago. With 10 employees and £349,228 in assets, it’s a well-established player, despite being a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company has three directors and two owners, and operates from a real address shared by only one other business.

Veqter specializes in residual stress measurement, offering a range of services and equipment to engineering components across various industries worldwide. Their website highlights expertise in techniques like DeepHole Drilling, Neutron Diffraction, and Ultrasound, catering to sectors from aerospace to nuclear. They even offer a Residual Stress Database and host workshops, demonstrating a commitment to knowledge sharing and industry engagement. The company’s website also features testimonials from satisfied clients, praising their expertise and responsiveness.

Financially, Veqter Ltd shows some concerning trends. While cash bank on hand decreased by 8.7% to £98,000, net assets increased by 13% to £810,000. Bank borrowings remained steady at £33,000, and trade debtors increased significantly by 66% to £210,000. Accumulated Amortisation Impairment Intangible Assets also increased by 10%, suggesting continued investment in development costs. The company’s net current assets liabilities, however, increased by 170%, which is a worrying sign. There's no mention of an auditor, which is typical for small companies.

Overall, Veqter Ltd appears to be a specialized and well-regarded business, but the increase in trade debtors and net current assets liabilities suggests it may be facing some cash flow pressures. Continued investment in intangible assets, however, indicates a focus on innovation and long-term growth.

Registered in England/Wales under the registration number 05086493, with a registered address at BS4 4EX, England, Bristol, 8 Unicorn Business Park Whitby Road, Brislington.

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