Freeway Med-tech Ltd

Freeway Med-Tech Ltd is a small, active company based in Fleet, UK, founded four years ago in 2020. With £1,016,616 in assets and a virtual address, it operates with three directors and no reported owners. The company employs four people and regularly imports and exports electrical machinery and equipment – 22 months of imports and 11 months of exports recorded. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

The company's website showcases a range of clinical IT equipment, primarily carts and workstations designed for medical settings. It operates an e-commerce platform, selling products like battery-powered medical monitor carts, mains-powered AIO PCs, and customizable workstations. The site also highlights a "724 Downtime Computing Range" and offers custom project services. The company's physical address is listed as Unit 1516, Colthrop Business Park, Thatcham, Berkshire, RG19 4NB.

Financially, Freeway Med-Tech Ltd shows a mixed picture. Current assets jumped a significant 61%, reaching £1,000,000, while net assets dramatically improved, soaring to £330,000—a remarkable turnaround. Cash reserves also increased by 15%, reaching £130,000. However, debtors have increased substantially, rising 160% to £550,000, which could indicate challenges in collecting payments. Creditors also increased, up 3.8% to £690,000. The lack of an auditor mentioned suggests the company is exempt as a small entity, relying on unaudited financial statements.

Overall, Freeway Med-Tech Ltd seems to be experiencing growth, with a substantial increase in assets and cash reserves. However, the rise in debtors warrants attention, and the company should monitor its payment collection processes. The company's focus on a niche market—clinical IT equipment—and its online sales model position it well for continued growth, but the financial health depends on managing its debtors effectively.

Registered in England/Wales under the registration number 12649949, with a registered address at GU52 8BF, England, Fleet, Hampshire, 12a Fleet Business Park Sandy Lane, Church Crookham.

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