Crest Medical Limited

Crest Medical Ltd from Warrington UK: medium company, holding company, active status, founded 46 years ago, 92 employees, £15,879,028 assets, yearly revenue: £24,361,928, real address, 4 directors, 1 owner. Regular importer of pharmaceutical products (481 months imported). Regular exporter of pharmaceutical products (265 months exported). Crest Medical is a wholesale manufacturer of first aid, occupational health products, PPE, and consumer health goods. The company operates from a real address in Warrington and is a medium-sized business, meeting two out of three conditions for this classification: turnover less than £36 million, balance sheet total less than £18 million, and average number of employees less than 250. It's a holding company with four directors and one owner, and has been active for a quarter of a century.

The company’s website highlights its focus on supplying a range of products to hospitals, third-party logistics providers, retail outlets, and pharmaceutical companies. It also offers private label solutions for the retail market, specializing in first aid, foot care, supports, braces, vitamins, and diagnostic testing. Beyond its wholesale operations, Crest Medical also manufactures and supplies brands, and offers services like eye wash and biohazard cleanup. The website also mentions a commitment to sustainability and ethical labor practices.

Financially, Crest Medical Ltd’s recent report reveals some concerning trends. Accrued liabilities decreased significantly, falling by 79%, which is good, but accumulated amortisation of intangible assets increased by 130%, and depreciation of property and plant equipment rose by 15%. Bank borrowings increased by a considerable 18%, reaching £3.6 million, and cash reserves dwindled by nearly half, dropping to £62,000. Despite these challenges, the company’s revenue increased slightly, reaching £24.36 million. The company’s average number of employees also increased, by one, to 92. The company's auditor is Wheawill & Sudworth Limited.

Overall, Crest Medical Ltd appears to be navigating a period of financial pressure. While the company maintains a strong brand and diverse customer base, the decline in cash reserves and increase in borrowing suggest a need for careful financial management. The company's long history and established position in the market, however, provide a foundation for potential recovery and continued success.

Registered in England/Wales under the registration number 03876927, with a registered address at WA1 2PB, England, Warrington, Unit 5 Farrell Industrial Estate, Howley Lane.

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