I.q. Endoscopes Ltd

I.q. Endoscopes Ltd, based in Chepstow, UK, is a small, active company founded ten years ago in 2015. With eleven employees and £3,092,101 in assets, it operates from a real address within a business centre. Six directors manage the company, though there are no reported owners—a common arrangement for smaller firms. The company has a 5.0 Google rating based on one review and runs an e-commerce site. It’s an irregular importer, bringing in optical and medical tools and devices, with the latest import recorded just one month ago in March 2024.

The company’s website highlights its mission to transform endoscopy services by eliminating risks associated with traditional reusable endoscopes. It offers single-use, high-performance flexible endoscopes, emphasizing effectiveness, environmental friendliness, and affordability. The company's technology is patented and designed to reduce patient waiting times and increase endoscopy capacity. Recent news includes commendation from the Welsh Secretary and clearance from the FDA and UKCA.

Financially, I.q. Endoscopes Ltd shows a mixed picture. Cash reserves have fallen significantly, dropping 63% to £2.1 million. Current assets also took a hit, decreasing 53% to £3.1 million. However, creditors have increased substantially, rising 160% to £430,000 within the last year, and deferred tax asset debtors have grown by 32%. Equity has also seen a dramatic decline, falling 58% to £2.6 million. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the drop in equity and cash reserves suggests it’s burning through money. There's no auditor mentioned, likely due to its small company status, so the figures are unaudited. The increase in bank borrowings, however, may indicate a need for additional funding to support growth.

Registered in England/Wales under the registration number 09462661, with a registered address at NP16 5UH, Wales, Chepstow, Wales, Basepoint Business Centre Unit 32 Riverside Court, Beaufort Park Way.

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