Ingenion Medical Limited

Ingenion Medical Ltd, based in London, UK, is a small, active company founded eleven years ago. Currently, confirmation is overdue by 28 days, and the company employs nine people. With £938,106 in assets and a virtual address, it’s a relatively modest operation managed by six directors and two owners. Ingenion Medical is an irregular importer and exporter of optical and medical tools and devices, with recent activity recorded just one month ago.

The company’s website, ingenioncymactive.com, focuses on a novel approach to urinary retention management. It promotes "cym active," an indwelling catheter designed to mimic natural urination, eliminating the need for drainage bags or frequent self-catheterisation. The website highlights benefits like improved patient quality of life, reduced risk of urinary tract infections, promotion of natural bladder function, and minimized environmental waste. The company’s story traces back to a MIT-trained engineer who, after a life-changing accident, sought a better solution for catheter management. The website even includes references to scientific studies supporting its claims.

Financially, Ingenion Medical Ltd presents a mixed picture. While cash reserves increased significantly by 660%, reaching £490,000, other key indicators reveal potential challenges. Creditors decreased by 11%, and debtors fell by a substantial 45%, which might indicate difficulties in collecting payments. Perhaps a bit surprisingly, finished goods and goods for resale skyrocketed by 1500%, reaching £140,000—a large increase. The company’s small size (meeting two of three conditions for being a small company) allows for flexibility, but the significant drop in equity, from -£2.3 million to -£3.3 million, is a cause for concern. The company’s unaudited accounts, due to its small size, rely on director-reported data. It’s worth noting that the company’s staff costs decreased by 9%, which could be a result of restructuring or reduced operational expenses.

Registered in England/Wales under the registration number 08664089, with a registered address at W1W 6XH, England, London, 101 New Cavendish Street, 1st Floor South.

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