Lip Medical Limited

Lip Medical Ltd, based in Deeside, UK, is a small, active company founded 14 years ago. With 13 employees and £788,125 in assets, it operates from a real address and is managed by two directors and owners. The company is a regular importer, primarily of furniture, lighting, and prefabricated buildings, with 10 months of import activity recorded, the latest in November 2024. It also engages in irregular exporting of miscellaneous manufactured goods, with just one month of export activity noted as of March 01, 2018.

The company’s website is not available, so it’s difficult to ascertain if it operates an e-commerce platform or focuses on business-to-business sales. However, its description as a "specialists medical practice activities" suggests a focus on supplying medical equipment or services rather than direct retail.

Financially, Lip Medical Ltd presents a mixed picture. Current assets increased by 34% to £790,000, while net assets decreased by 5.2% to £120,000. Bank borrowings decreased by 29% to £24,000, and cash reserves fell by 59% to £11,000. Creditors increased by 29% to £24,000, and trade debtors increased by 35% to £450,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the decrease in equity raises questions. No auditor is mentioned, likely due to its status as a small company, so the figures rely on unaudited statements.

The company’s financials suggest it is holding steady, but facing pressures. The increase in trade debtors could be a sign of delayed payments or a strategic move to offer more credit to customers, while the decrease in cash reserves may indicate increased investment in inventory or operations.

Registered in England/Wales under the registration number 07430100, with a registered address at CH5 2LA, Wales, Deeside, Unit 60 Third Avenue, Deeside Industrial Park.

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