Define Medical Ltd

Define Medical Ltd is a small, holding company based in Beaconsfield, UK, with an active status. Founded six years ago in 2018, the company employs eight people and holds £551,491 in assets. It operates from a real address and is managed by three directors, with one owner. Define Medical Ltd runs an e-commerce site and irregularly imports optical and medical tools and devices, with the last import occurring over a year ago in August 2022. The company’s website showcases a range of aesthetic treatments, dermatology services, and wellness options, including injections, laser resurfacing, and IV drips, catering to both men and women. It also offers specialized services like menopause support and vaginal rejuvenation.

The company's financial data reveals a mixed picture. While current assets increased by a significant 96% to £550,000, net assets decreased by 62% to just £300, and bank borrowings surged by 22% to £670,000. Cash reserves also dropped by 60% to £33,000. Creditors have increased substantially by 100% to £460,000. Trade debtors have also increased significantly, by 160% to £520,000. The company’s small size—meeting two of three conditions for a small company—helps it remain flexible, but the decline in equity is concerning. The company is exempt from an audit as a small company.

The increase in bank borrowings and the decrease in cash reserves suggest the company might be burning through money, perhaps investing heavily in its website or marketing efforts. The increase in trade debtors could indicate difficulties in collecting payments from customers, or a deliberate strategy to offer more credit. The significant increase in creditors may be a result of increased purchasing of supplies to support its growing service offerings. It’s also worth noting that the company’s irregular import activity suggests it’s not reliant on a steady supply chain, which could be a risk factor.

Registered in England/Wales under the registration number 11698133, with a registered address at HP9 2JH, United Kingdom, Beaconsfield, Wendover House 24, London End.

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