Acumed Ltd

Acumed Ltd, based in Andover, UK, is a large, active company founded 27 years ago. With 38 employees and £17,585,620 in assets, it’s a significant player in the medical device sector. The company, overseen by four directors and one owner, boasts a 1.0 Google rating from a single review – a bit concerning. They regularly import and export optical and medical tools and devices, with a long history of activity in both areas.

Acumed’s website reveals a comprehensive business focused on orthopedic solutions. It’s not primarily an e-commerce site; instead, it acts as a showcase for its wide range of products, including ankle plating systems, hip and pelvis solutions, hand and wrist devices, and neurosurgical tools. The site highlights its commitment to innovation, offering educational resources, surgical skills courses, and even a mobile app for product exploration. They also provide services like bone grafting and custom implant solutions.

Financially, Acumed Ltd presents a mixed picture. While its current assets decreased by 22% to £18 million, indicating a reduction in readily available resources, the company’s turnover increased by 10% to £3.3 million. Bank borrowings increased by 13% to £4.9 million, and cash reserves fell 47% to £4.9 million. Despite these challenges, the company’s net assets still remain substantial at £18 million. The company’s net loss increased by 21% to £2.5 million, which could be a sign of increased operational expenses or investments in new products. The lack of an auditor mentioned suggests that the company is exempt from mandatory auditing, and the figures are unaudited.

The decrease in cash reserves, alongside the increase in bank borrowings, suggests that Acumed might be facing tighter liquidity, perhaps due to increased investment in research and development or expansion efforts. However, the increase in turnover indicates strong demand for its products, and the company’s established reputation in the orthopedic sector should provide a solid foundation for future growth.

Registered in England/Wales under the registration number 03459373, with a registered address at SP11 0QN, Andover, Hampshire, Huebner House, The Fairground, Weyhill.

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