Electrocore Uk Ltd.

Electrocore UK Ltd, based in Lancing, UK, is a small holding company with an active status, established ten years ago in February 2015. The company employs four people and holds £1,094,212 in assets. It operates from a virtual address – ten companies are registered at the same location – and is overseen by three directors and one owner. Electrocore UK Ltd regularly imports optical and medical tools and devices, with 14 months of import activity recorded, the last operation in May 2023. The company’s core business involves retail sale of medical and orthopaedic goods in specialised stores.

The company’s website is not available, so it’s difficult to ascertain the specifics of their online presence. However, their business description points to a retail focus, suggesting they likely sell their products through a dedicated website or marketplace.

Financially, Electrocore UK Ltd presents a mixed picture. While debtors increased by 15%, current assets dropped by 25% to £1,100,000. Net assets plummeted 20% to -£3,300,000, and bank cash fell by 42% to £410,000. Creditors rose by 5%, and trade creditors increased by 44%. 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 substantial equity decline and reliance on parent company Electrocore Inc. (which provides £4,200,000 in loans) raise concerns. The unaudited figures, overseen by Gibson Appleby, rely on director-reported data.

Despite these challenges, Electrocore UK Ltd continues to operate, importing essential medical equipment. Whether it can sustain this level of activity, however, will depend on continued financial support and a successful navigation of the current economic climate.

Registered in England/Wales under the registration number 09432721, with a registered address at BN15 8AF, England, Lancing, West Sussex, Suite Ff10, Brooklands House, 58 Marlborough Road.

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