Growth Medical Limited

Growth Medical Ltd, based in Addlestone, UK, is a small, active company founded eight years ago in 2016. With a single employee and £159,204 in assets, it operates from a real address and is led by one director and two owners – a solo founder at its core. The company regularly imports and exports optical and medical tools and devices, with 73 months of import activity and 10 months of export activity recorded.

The company's website showcases a focus on medical device distribution, aiming to "grow with healthcare" through innovation and customer support. It highlights a range of products, including posterior screw fixation, interbody cages, and cervical discs, and emphasizes its expertise in providing solutions for evolving healthcare needs. The website also mentions a partnership with DIPLOMAT and showcases products like WOMBAT and ROTAIO, emphasizing their benefits for surgical procedures.

Financially, Growth Medical Ltd presents a mixed picture. Current assets decreased by 12% to £160,000, while net current assets also fell by 2.3% to £24,000. Trade debtors saw a 7.3% increase, reaching £58,000, while trade creditors experienced a significant drop of 48%, falling to £29,000. Bank borrowings increased by 17%, reaching £25,000, and cash reserves fell 59%, down to £3,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from an audit, so these figures are unaudited. The decrease in cash reserves, while concerning, could be due to increased investment in inventory or expansion efforts.

Registered in England/Wales under the registration number 10342314, with a registered address at KT15 2LE, England, Addlestone, Dixcart House Switzerland Suite, Addlestone Road, Bourne Business Park.

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