Medchip Solutions Ltd

Medchip Solutions Ltd, based in Chatham, UK, is a small, active company founded thirteen years ago in 2012. With four employees and £551,838 in assets, it operates from a virtual address shared by numerous other companies. The business is led by four directors and has one owner, Lawson Christopher Patrick. It’s a bit of an odd mix: an irregular importer of optical and medical tools and devices (just one month of imports in the last year, ending November 1, 2024) and a regular exporter (eleven months of exports, with the latest on July 1, 2024) of the same products.

The company's website, MedChip, focuses on technological innovations for respiratory diagnostics, particularly through its SpiroConnect system. It offers a combined office and mobile spirometry PC application, along with Android application support. The site highlights purchase options in the UK, Benelux, Australia, and Poland, and even mentions patents related to vertical turbine technology. It’s clear the company is targeting a niche market in medical device technology, with a focus on respiratory diagnostics and a clear emphasis on technological innovation.

Financially, Medchip Solutions Ltd presents a mixed picture. While cash bank on hand increased by 7.6% to £320,000, current assets decreased by 9.7% to £550,000. Trade debtors fell by 21%, which is good, but creditors rose significantly, with Current Financial Instruments increasing by 63%. The company’s equity also declined, although only slightly, by 2.7%. The company’s small size (meeting two of three criteria for a small company) means it’s likely exempt from an audit, and the figures are unaudited. Intangible assets have also decreased, which could indicate a shift in strategy or a write-off of some assets.

Overall, Medchip Solutions Ltd seems to be navigating a period of change. While it maintains a healthy cash position, the increase in creditors and decrease in current assets suggest it's burning through money. The company’s reliance on a virtual address and its fluctuating import/export activity could also be cause for concern. The lack of employees (only four reported) points to a lean operation, but it also limits its potential for growth.

Registered in England/Wales under the registration number 07934697, with a registered address at ME4 6AE, England, Chatham, 1-3 Manor Road.

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