Flexmedical Solutions Limited

Flexmedical Solutions Ltd, based in Livingston, Scotland, is a small holding company with an active status. Established ten years ago in December 2014, it employs 56 people and holds £3,256,197 in assets. The company, with four directors and two owners, operates from a real address and functions as both an importer and exporter. It regularly imports optical and medical tools and devices (7 months), and exports plastics and plastic products (10 months).

The company’s website highlights its expertise in point-of-care diagnostics development, offering a range of services from design and development to manufacturing and quality assurance. It caters to clients seeking to bring their diagnostic ideas to life, offering support from concept to commercialization. Flexmedical Solutions specializes in biosensor and microfluidic test cartridge design, and offers manufacturing capabilities including screen printing, ablation lasers, and reagent dispensing systems. It also has a skilled science team with experience in assay marker and platform technology development.

Financially, Flexmedical Solutions Ltd shows some interesting trends. While the company’s fixed assets decreased by 4.7% to £1.6 million, intangible assets increased significantly, jumping 100% to £20,000. Bank borrowings decreased by 20% to £110,000, and cash reserves increased by a substantial 40% to £2.3 million. However, net assets increased by 16% to £4.1 million, and trade debtors increased by a whopping 150%, which could suggest issues with customer payments. Creditors decreased by 18%, which is a positive sign. The company, meeting the criteria for a small company, is exempt from an audit.

The increase in intangible assets suggests investment in research and development, while the rise in debtors could indicate a need to manage customer payments more effectively. Overall, Flexmedical Solutions Ltd appears to be navigating a period of change, investing in its future while also facing some financial challenges.

Registered in Scotland under the registration number SC493988, with a registered address at EH54 6GQ, Scotland, Livingston, West Lothian, Unit 12-13 Eliburn Industrial Park Eliburn.

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