Innova Medical (uk) Operations Ltd

Innova Medical (uk) Operations Ltd, based in Sale, UK, is a small, active company founded four years ago. With three employees and £71,218 in assets, it operates from a real address and is managed by a single director and owner. The company regularly imports miscellaneous chemical products, with its last import activity recorded three months ago. 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 operates in the manufacture of medical and dental instruments and supplies industries. While a website isn't available, this suggests a business-to-business model rather than direct consumer sales. It’s likely they supply components or finished products to larger medical equipment manufacturers.

Financially, Innova Medical (uk) Operations Ltd presents a mixed picture. Current assets have decreased by 24% to £71,000, while net assets have fallen by 1.5% to -£6,700,000. Cash bank on hand has also dropped significantly by 48% to £25,000. Trade creditors have decreased by 93%, which could indicate improved payment terms with suppliers. However, bank borrowings have increased by 2,400%, reaching £29,000, and the company’s equity has decreased by 1.6% to -£6,700,000. The lack of employees (three reported) suggests a lean operation, and the absence of an auditor (likely exempt as a small company) means the figures are unaudited.

The company’s reliance on imports, combined with the decrease in cash reserves and increase in borrowings, suggests it’s potentially burning through money. The decrease in equity is a worrying sign, and the company needs to carefully manage its cash flow. The fact that the company is still active, however, indicates that it’s likely weathering the storm, but it’s a situation that needs close monitoring.

Registered in England/Wales under the registration number 13396413, with a registered address at M33 3HP, United Kingdom, Sale, Cheshire, Marsland Chambers, 1a Marsland Road.

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