Medi Uk Ltd

Medi Uk Ltd is a large, holding company with an active status, established 38 years ago in 1987. The Hereford-based business, boasting a Google rating of 4.0 from seven reviews, employs 36 people and holds assets worth £6,390,857. With a yearly revenue of £20,052,001, it operates as a regular importer of optical and medical tools and devices (145 months) and a regular exporter of clothing and accessories made by knitting or crocheting (6 months). The company is managed by two directors and has one owner.

The company’s website, medi.co.uk, showcases a wide range of vascular, orthopaedic, and compression products, catering to both professionals and patients. It’s clear that Medi Uk Ltd operates as a wholesale distributor, offering a comprehensive selection of support stockings, orthotics, and related equipment. The site features detailed product information, clinical resources, and a dedicated section for healthcare professionals, suggesting a focus on building relationships within the medical community. There's also a strong emphasis on e-commerce, with a "My Compression" section and a variety of trend colours and patterns highlighted, indicating an effort to engage directly with consumers.

Financially, Medi Uk Ltd’s recent performance shows some mixed signals. While cash bank on hand increased by a healthy 25% to £950,000, administrative expenses rose by 8% to £3.9 million. Perhaps more concerning, the company’s net assets decreased by 20% to £4.9 million. Bank borrowings also decreased by 93% to £66,000, which could indicate a reduction in debt, but also a potential lack of investment. The company’s turnover increased by a respectable 9.5% to £20 million, which is a positive sign, but the decrease in net assets warrants further investigation. The company's staff costs increased by 8.1% to £3 million, which is a natural consequence of increased turnover. The accounts are audited by Thorne Widgery Accountancy Ltd.

Overall, Medi Uk Ltd appears to be a stable, well-established company, but the decline in net assets suggests that it’s facing some financial pressures. The company's strong focus on distribution and e-commerce, combined with its reputation for quality products, should position it well for continued success, but careful management of its financial resources will be essential.

Registered in England/Wales under the registration number 02110690, with a registered address at HR4 0EL, Plough Lane, Hereford.

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