Cipher Surgical Limited

Cipher Surgical Ltd, based in Edinburgh, UK, is a small, active company founded fourteen years ago in 2010. Employing fourteen people, it holds £2,792,544 in assets, although it operates from a virtual address, raising questions about its physical presence. Six directors oversee the company, but there are no listed owners, a common situation for smaller firms. The company regularly imports and exports optical and medical tools and devices, with a history of three months of imports and twenty-three months of exports.

The company’s website, ciphersurgical.com, focuses on a single product: the OpClear laparoscopic lens cleaning device. This innovative tool addresses a common problem in surgery – impaired visibility due to fog, debris, and blood splatter on the laparoscopic scope lens. The website details the device’s functionality, highlighting its ability to save surgeons time, improve surgical flow, and reduce errors. It also includes clinical data, testimonials, and videos demonstrating the device in action. The site is clearly geared towards a B2B audience, targeting surgeons and hospitals seeking to improve their surgical procedures. It’s an e-commerce site, although direct purchasing isn't immediately apparent; instead, visitors are encouraged to request a quote.

Financially, Cipher Surgical Ltd shows some concerning trends. While current assets increased by 43% to £2,800,000, net assets plummeted 54% to -£3,400,000—a significant downturn. Bank borrowings increased by a staggering 2,400% to £29,000, and cash reserves fell 88% to a mere £3,300. Creditors decreased by 57%, suggesting improved debt management, however. 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 equity drop and dwindling cash reserves raise questions about its long-term financial health. The company is exempt from an audit, so the figures rely on unaudited statements.

The decrease in average employees reported, from fourteen to eight, is also notable and may reflect cost-cutting measures or changes in operational strategy. It’s possible the company is experiencing growing pains as it scales its business, or perhaps it’s facing increased competition in the surgical device market.

Registered in Scotland under the registration number SC378738, with a registered address at EH3 8HA, Scotland, Edinburgh, Floor 3 1 - 4 Atholl Crescent.

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