Global Inhalation Equipment Limited

Global Inhalation Equipment Limited, based in Truro, UK, is a small, active company founded eleven years ago in December 2013. It operates from a virtual address, registered with 191 other companies, and is led by two directors and a single owner, who is also the solo founder. The company regularly imports optical and medical tools and devices, with three months of import activity recorded, the last being in January 2019.

The company’s website highlights its commitment to quality and customer service, positioning itself as the world’s largest independent vaporiser service provider. It caters to the health service community, offering vaporiser service and support, and even has a showroom in Harrods, London. The company operates from the Health and Wellbeing Innovation Centre in Truro, Cornwall, and emphasizes its 35 years of service.

Financially, Global Inhalation Equipment Limited presents a mixed picture. Accumulated depreciation on property, plant, and equipment increased by 120%, indicating investment in assets. However, cash bank on hand decreased significantly by 58% to £13,000. Creditors rose by 36% to £1.5 million, while debtors increased by 30% to £730,000. Equity also declined considerably, falling 68% to -£460,000. Despite these challenges, the company’s small size (meeting two of three criteria for a small company) allows for agility. The lack of an auditor mentioned suggests the company is exempt from an audit.

Overall, Global Inhalation Equipment Limited appears to be navigating a period of financial strain, with rising debts and declining equity. The company’s focus on specialised vaporiser services and its long-standing reputation could provide a buffer against these pressures, but its ability to sustain growth will depend on managing its financial obligations effectively.

Registered in England/Wales under the registration number 08828816, with a registered address at TR1 2NA, United Kingdom, Truro, Cornwall, Lowin House, Tregolls Road.

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