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Research Instruments Limited

03419143

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

RESEARCH INSTRUMENTS LTD, FALMOUTH, TR11 4TA
Incorporated 13/08/1997

Compliance

Last accounts

31/10/2024

full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 02/08/2025

Due 16/08/2026

On track

Industry

32500
Manufacture of medical and dental instruments and supplies

Officers

Mr Agostino Ricupati

director · Since 02/10/2017

CORPORATE EXECUTIVE

AMERICAN · UNITED STATES · Age 59

Also on 13 other boards

Mr Brian George Andrews

director · Since 04/04/2019

CORPORATE EXECUTIVE

AMERICAN · UNITED STATES · Age 48

Also on 14 other boards

Nigel Anton Penfold

director · Since 04/02/2025

DIRECTOR

BRITISH · UNITED STATES · Age 53

Persons with Significant Control

Coopersurgical Holdings Limited

75–100% shares
75–100% votes
Appoint directors

8, Concorde Way, Fareham, PO15 5RL

Reg: 9877160 · England And Wales · Limited Company

Notified 06/04/2016

Charges0 outstanding

Charge
satisfied

BARCLAYS BANK PLC

Created 17/10/2013Registered 17/10/2013Satisfied 24/12/2015
charge
satisfied

BARCLAYS BANK PLC

Created 26/01/2011Registered 28/01/2011Satisfied 24/12/2015
charge
satisfied

THE SOUTH WEST OF ENGLAND REGIONAL DEVELOPMENT AGENCY

Created 10/06/2003Registered 25/06/2003Satisfied 21/04/2012
charge
satisfied

BARCLAYS BANK PLC

Created 06/06/2003Registered 11/06/2003Satisfied 24/12/2015
charge
satisfied

BARCLAYS BANK PLC

Created 09/03/2000Registered 16/03/2000Satisfied 24/12/2015

CompanyRankvs 11+ SIC 32500 peers
80

Financial strength100th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.16× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going con

Key FinancialsYear ending 31/10/2021

Turnover

£19.0M

Annual revenue

Net Worth

£115.0M

Balance sheet strength

Cash

£1.5M

Cash in the bank

Profit Before Tax

£32.2M

Bottom line earnings

Net Current Assets

£9.1M

Working capital

Current Assets

£16.9M

Current Liabilities

£7.8M

Fixed Assets

£107.0M

Debtors

£4.8M

Cost of Sales

£14.4M

Gross Profit

£4.7M

Admin Expenses

£3.1M

Operating Profit

£976k

Profit After Tax

£29.5M

67avg. employees+9

Tax at Year End

Dividends paid-£29.4M

People Costs

Wages & salaries£2.4M
NI contributions£213k

Balance Sheet

Intangible assets£15k
Assets less current liabilities£116.0M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20212.16+£114k
20202.19

Derived from filed accounts. Not audited figures.