Andway Healthcare Ltd

Andway Healthcare Ltd, based in Knaresborough, UK, is a small, family-run business with an active status. Established fourteen years ago, the company employs twenty-two people and holds assets valued at £2,097,689. It operates from a real address and is led by two directors and two owners. Andway Healthcare runs an e-commerce site and specializes in importing and exporting optical and medical tools and devices—regularly importing for the last four months and irregularly exporting for two.

The company's website showcases a wide range of care home supplies and equipment solutions, including beds, mattresses, wheelchairs, hoists, and cleaning products. It caters to a broad spectrum of needs, from standard care to bariatric and dementia care, offering everything from basic essentials to specialized equipment. The website also highlights a commitment to customer service, with dedicated sections for news, testimonials, and current vacancies.

Financially, Andway Healthcare Ltd's recent reports present a mixed picture. While current assets decreased by 18% to £2,100,000, net assets fell a more substantial 13% to £560,000. Bank borrowings increased significantly by 110% to £300,000, and cash reserves plummeted 99% to a mere £5. Trade debtors also dropped by 20% to £1,500,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp decline in cash reserves is concerning. As a small company, it’s exempt from an audit, so the figures are unaudited.

The increase in bank borrowings could indicate investment in inventory or expansion, but the drop in cash reserves suggests a need to carefully manage expenses. It's likely the company is working to balance growth with financial stability.

Registered in England/Wales under the registration number 07272966, with a registered address at HG5 8LF, Knaresborough, Atlantis House, Manse Lane.

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