Iq Medical Limited

IQ Medical Ltd, based in Rugby, UK, is a small, active company founded 16 years ago. With 13 employees and £1,388,096 in assets, it's a solo-founded operation led by a single director and owner. The company boasts a perfect 5.0 Google rating from one review, and regularly imports furniture, lighting, and prefabricated buildings – its last import activity recorded three months ago in September 2017.

IQ Medical’s website highlights its role as a leading provider of pressure area care solutions for the NHS and private support caregivers. It specializes in therapeutic surfaces, seating systems, and clinical evidence services, catering to hospitals and loan stores. The company’s product range includes surfaces like the Star II and Comet II, and emphasizes its commitment to patient comfort and healing. They offer medical courses, training, and tutorials, including product training videos and educational content around pressure injuries.

Financially, IQ Medical Ltd presents a mixed picture. Current assets decreased by 11% to £1,400,000, while net assets dropped 34% to £130,000. Bank borrowings decreased by 16%, and cash reserves fell 14% to £260,000. Creditors decreased by 1.4%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the equity drop raises questions. The company’s income from related parties decreased by 36%, and the increase from depreciation charge for property plant equipment remained constant. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, IQ Medical Ltd appears to be facing some financial pressures, but its focus on specialized care solutions and commitment to training and education positions it well within its niche market.

Registered in England/Wales under the registration number 06708390, with a registered address at CV23 0PR, Rugby, Unit 1a The Wharf, Stretton Under Fosse.

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