Medgraphics Limited

Medgraphics Ltd, based in Ballyclare, UK, is a small, active company founded 29 years ago. With three employees and £293,131 in assets, it operates from a virtual address shared by 24 other companies—a bit unusual, really. The business is run by two directors and one owner, though it’s not always clear who’s calling the shots.

The company's main focus is importing paper and paperboard products, doing so regularly over the last 37 months. However, it also dabbles in exporting optical and medical tools and devices, but only sporadically, with just one month of export activity recorded as of November 2023. It’s a bit of a mixed bag, really.

The company’s website showcases a range of medical supplies, including medical recording paper, imaging films, ultrasound gels, and even skin staplers. It seems to cater to both the NHS and private sector, boasting a philosophy of "The right products, at the right price, at the right time." There’s even a section celebrating two decades of supplying these consumables—a nice touch. They also have a UK warehouse and offer immediate despatch, which is always good.

Financially, Medgraphics Ltd shows a few concerning trends. Current assets have dropped by 6.5% to £290,000, while net assets have increased by 15% to £200,000. Creditors have plummeted by a whopping 63%, suggesting improved debt management. However, trade debtors have also fallen by 31%, which could indicate slower customer payments. Bank borrowings have increased by 100% to £15,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the changes in debtors and creditors warrant a closer look. As a small company, it’s exempt from an audit, so these figures are unaudited.

Registered in Northern Ireland under the registration number NI030703, with a registered address at BT39 9BG, Ballyclare, County Antrim, 6 Doagh Road.

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