Crx Compression Limited

Crx Compression Ltd from Cardiff, UK, is a small, active company founded five years ago. With two employees and £124,353 in assets, it operates an e-commerce site selling medically certified compression wear. The company has one director and owner, Conway Dean, and uses a virtual address shared by 158 other businesses.

The website showcases a range of compression garments for men and women, catering to sports, everyday life, and injury recovery. Products include compression socks, sleeves, and base layers, with a focus on performance enhancement and medical benefits. The site highlights partnerships with global medical teams and professional athletes, emphasizing the quality and innovation of its offerings. It’s clear the company is focused on retail via internet sales.

Financially, Crx Compression Ltd’s recent performance presents a mixed picture. Cash reserves have significantly decreased by 92%, dropping to just £11,000. Net assets have also taken a hit, falling 140% to -£360,000. Bank borrowings remain at £25,000, and creditors have risen substantially by 65% to £220,000. Trade debtors have increased by 43%, suggesting potential difficulties in collecting payments. The company’s small size (meeting two of three conditions for a small company) helps it stay nimble, but the large equity decline is concerning. No auditor is mentioned, which is typical for small, exempt companies.

While the e-commerce site appears well-maintained and focused on a niche market, the financial data suggests the company is burning through money. The significant drop in cash and the large net losses indicate a need for careful financial management. Whether the company can sustain its growth and profitability remains to be seen, but its focus on medically certified compression wear and its online presence offer potential for future success.

Registered in England/Wales under the registration number 12336941, with a registered address at CF11 9LJ, United Kingdom, Cardiff, Tudor House, 16 Cathedral Road.

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