Cormed Limited

Cormed Limited, based in Huddersfield, UK, is a small, family-run business with an active status. Founded eight years ago in 2017, the company employs just two people and holds £68,895 in assets. Operating from a virtual address—where 260 other companies are also registered—it’s managed by two directors and two owners, Brown Yvonne Marie and Brown Christopher Molyneux. Cormed Limited is an irregular importer and exporter, specializing in optical and medical tools and devices, with one month of import activity and two months of export activity recorded, the latest in October 2023. The company operates in the other human health activities industries.

The company's website is non-existent, which makes it difficult to determine if they are engaged in e-commerce. Without a website, it's likely that Cormed Limited operates through other channels, such as wholesale or direct sales to healthcare providers.

Financially, Cormed Limited presents a mixed picture. While cash reserves increased significantly by 290% to £40,000, net assets declined by 9.6% to -£510,000. Liabilities increased by 20%, and bank borrowings decreased by 44%, which is a positive sign. Creditors also increased by 21%, and trade debtors decreased by 56%. The company's small size—meeting two of three conditions for a small company—helps it remain flexible, but the decline in equity suggests potential financial strain. The unaudited financial statements, which do not mention an auditor, rely on director-reported data.

The company's financial data suggests it's burning through money, though the increase in cash reserves is encouraging. The decrease in equity, however, could be due to retained losses or increased investment in the business. The directors' responsibilities under the Companies Act are acknowledged, and the company is entitled to exemption from an audit under the small companies regime.

Registered in England/Wales under the registration number 10674912, with a registered address at HD1 1PA, United Kingdom, Huddersfield, West Yorkshire, 35 Westgate.

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