Budget Medical Ltd

Budget Medical Ltd, based in Ashford, UK, is a small, active company established fourteen years ago. Employing just two people, it holds £120,626 in assets and operates from a real address within the Tavis House Business Centre. With one director and owner, the company regularly imports and exports optical and medical tools and devices, with 25 months of import activity and 32 months of export activity recorded.

The company's website reveals a broad range of products catering to the medical and healthcare sectors. It’s primarily an e-commerce business, offering everything from consumables like sharps and gloves to sophisticated equipment like stethoscopes, oximeters, and defibrillators. The website is well-organized, with clear categories and detailed product descriptions, suggesting a focus on serving a professional audience. While it doesn's offer a physical store, it does provide a comprehensive online catalogue, indicating a strong emphasis on direct sales.

Financially, Budget Medical Ltd shows some concerning trends. Cash bank holdings decreased by 33%, dropping to £33,000, while current assets also fell by 16%, settling at £120,000. Director remuneration increased by 27%, reaching £29,000. On the positive side, creditors decreased by 38%, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—helps maintain agility, but the decrease in cash reserves and increase in director pay raise questions about its financial health. The company’s unaudited financial statements, as a small company, rely on the director's reporting.

It's likely that the company's focus on importing and exporting, combined with the broad product range, contributes to its fluctuating financial performance. The decrease in cash reserves could be due to increased inventory purchases to meet demand, or perhaps a slowdown in payments from customers.

Registered in England/Wales under the registration number 07275356, with a registered address at TN24 0YY, England, Ashford, Kent, Unit 16 Tavis House Business Centre, 3 Hall Avenue.

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