Lbg Medical Ltd

Lbg Medical Ltd, based in Stone, UK, is a small, active company established 44 years ago in 1980. With 44 employees and £2,254,183 in assets, it's a well-established player in its field. The company operates a real address and is overseen by two directors and one owner. It runs an e-commerce site and regularly imports footwear and related items (105 months) and exports optical and medical tools and devices (66 months).

Lbg Medical specializes in prefabricated orthotics, offering a prestigious range with complimentary customization components. Its Bio range stands out for biomechanical support, versatility, and ease of customization, catering to various foot types and weights. The company's website highlights its commitment to quality, adaptability, and affordability, offering both online sales and a dedicated "Clinicians Corner" with educational content.

Financially, Lbg Medical shows some concerning trends. While its intangible assets have increased slightly, its accumulated amortisation impairment has also risen. Cash bank on hand has significantly dropped, falling by 79% to just £10,000. Debtors have decreased by 4.5%, and creditors have increased, suggesting a reliance on short-term financing. The company’s net assets have also declined by 20%, dropping to £720,000. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor is likely due to its small size, and the accounts are unaudited.

The decrease in cash reserves and net assets is a cause for concern, suggesting the company may be burning through money. However, the consistent import and export activity, along with the strong online presence, indicate ongoing business operations. The directors list was changed three months ago, which is a good sign, and the company's long history suggests a degree of resilience.

Registered in England/Wales under the registration number 01498237, with a registered address at ST15 0SR, Stone, Staffordshire, Emerald Place Emerald Way, Stone Business Park.

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