Astric Medical Limited

Astric Medical Ltd, based in Worthing, UK, is a small, active company established fifteen years ago. Employing just one person, it holds £47,239 in assets and operates from a real address, overseen by two directors and a single owner who is also the solo founder. The company maintains a respectable Google rating of 4.0 based on four reviews. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent import activity spanning just one month, ending in December 2023.

The company’s website highlights its specialization in bedwetting alarms, marketed under the brand name Astric DryBed. The site emphasizes a “no quibble” money-back guarantee, endorsement by the charity ERIC, and a legacy spanning over 60 years. A recent video features the grandson of the founder discussing the company’s ethos and the product’s impact on his own family, reinforcing a personal and heritage-driven brand image. The site also functions as an e-commerce platform, facilitating direct sales to customers.

Financially, Astric Medical Ltd presents a mixed picture. Current assets have significantly decreased by 62%, dropping to £47,000, while net assets have fallen by 68% to £35,000. Cash reserves have also plummeted 67% to £34,000. Trade debtors have seen a dramatic increase of 390%, reaching £3,500, which could indicate a shift in payment terms or delayed customer settlements. However, creditors have also decreased by 21%, suggesting improved debt management. 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 substantial equity decline warrants attention. The accounts are unaudited, as is typical for small companies, and no auditor is mentioned.

Overall, Astric Medical Ltd appears to be navigating a period of financial pressure, despite its established brand and positive customer reviews. The company's reliance on a single employee and its fluctuating import activity could be contributing factors. While the business maintains a strong online presence and a loyal customer base, the declining financial metrics suggest a need for careful monitoring and strategic adjustments.

Registered in England/Wales under the registration number 07184648, with a registered address at BN11 1DN, England, Worthing, West Sussex, 81 High Street.

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