Bailey Instruments Ltd

Bailey Instruments Ltd, based in Manchester, UK, is a small holding company with an active status, celebrating 36 years in business. Employing 15 people, the company holds £2,425,840 in assets and operates from a real address. With three directors and one owner, Bailey Instruments is a regular importer and exporter of optical and medical tools and devices, with 43 months of import activity and 196 months of export activity.

The company's website showcases a wide range of surgical instruments, podiatry tools, and medical supplies. It operates an e-commerce site, selling directly to customers and offering services like piano restoration. The site emphasizes quality, customer support, and a 30-day return policy. It also highlights a partnership with the NHS, reinforcing its commitment to healthcare professionals.

Financially, Bailey Instruments Ltd demonstrates some concerning trends. Cash reserves increased significantly, jumping 150% to £640,000, which is a positive sign. However, bank borrowings have been eliminated entirely, dropping 100% to zero, which may indicate a reliance on retained earnings or a reduction in investment. Creditors increased by 10%, reaching £590,000, and trade debtors decreased by 53%, dropping to £390,000. While net assets increased by 38%, reaching £1,800,000, the increase in creditors suggests a need to manage short-term liabilities. 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 flexibility, but the changes in debt management warrant attention. The company’s financial statements were audited by Azets Audit Services.

Overall, Bailey Instruments Ltd appears to be navigating a period of change. The strong cash position and NHS partnership are encouraging, but the shifting debt landscape requires careful monitoring.

Registered in England/Wales under the registration number 02332419, with a registered address at M17 1SB, England, Manchester, Unit 19 Guiness Rd Trading Estate, Traffod Park.

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