Armstrong Medical Ltd

Armstrong Medical Ltd, based in Coleraine, Northern Ireland, is a sizable, active company with a 33-year history. Employing 183 people and holding £10,213,041 in assets, it operates as a holding company and is a regular importer and exporter of optical and medical tools and devices, with 313 months of import activity and 225 months of export activity. The company has two directors and one owner.

The company’s website, armstrongmedical.co.uk, showcases a broad range of respiratory and anaesthesia products, targeting critical care, perioperative, and neonatal settings. It’s evident that Armstrong Medical Ltd manufactures and distributes these products, catering to both the UK market and export customers. The site highlights a focus on quality and innovation, with product categories including ventilators, anaesthesia machines, and respiratory consumables.

Financially, Armstrong Medical Ltd presents a mixed picture. While current assets remain steady at £10,000,000, net assets have significantly decreased by 23%, falling to £15,000,000. Bank borrowings have increased by 100%, reaching £1,000,000, and cash reserves have fallen by 30% to £7,000,000. Creditors have also increased by 40%, reaching £9,000,000. The company meets two of three criteria to be considered a large company: turnover more than £36 million and balance sheet total more than £18 million, but employees are less than 250. The lack of an auditor mentioned suggests the company is exempt from an audit.

The company’s increased borrowing and decrease in cash reserves could indicate investment in expansion or increased operational costs. However, the decrease in net assets, despite steady current assets, suggests a potential need to manage liabilities more effectively. The company’s continued import and export activity, however, points to a resilient business model, and the continued presence of two directors suggests stable management.

Registered in Northern Ireland under the registration number NI025560, with a registered address at BT52 1BS, Northern Ireland, Coleraine, Wattstown Business Park, Newbridge Road.

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