Inov8 Medical Ltd

Inov8 Medical Ltd, based in Wilmslow, UK, is a small, active family business founded eleven years ago. With three employees and £81,000 in assets, it operates from a real address and is led by one director and three owners. The company irregularly imports furniture, lighting, and prefabricated buildings (for two months, last in 2019) but regularly exports the same items (for eleven months, last in 2021). It's a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s website showcases a world-leading provider of pharmacy shelving solutions, boasting 40 years of design and manufacturing experience. They offer modular shelving products, design services, and repair services, targeting pharmacies, vets, and even government institutions like the Ministry of Defence. The site highlights custom design capabilities, 3D imaging mockups, and a wide range of shelving options, including pull-out drawers and specialized storage solutions. Case studies demonstrate successful installations in hospitals and veterinary clinics, emphasizing the company's ability to meet diverse client needs.

Financially, Inov8 Medical Ltd’s report reveals a mixed picture. Current assets decreased by 13% to £81,000, while net assets remained at -£37,000. Bank borrowings increased by 61%, reaching £16,000, and cash reserves plummeted 71% to just £3,700. Trade debtors also fell significantly, by 56%, suggesting a possible struggle with collecting payments. While creditors decreased by 12%, this could be a positive sign of better debt management. The company’s small size and family ownership offer agility, but the decline in cash reserves and trade debtors raise questions about its financial health. The report is unaudited, likely due to its status as a small company.

Overall, Inov8 Medical Ltd appears to be navigating a challenging period, relying on its established reputation and custom solutions to maintain its position in the pharmacy shelving market.

Registered in England/Wales under the registration number 08581202, with a registered address at SK9 5BG, England, Wilmslow, Suite 6 2nd Floor, Springfield House.

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