Medical Technology Limited

Medical Technology Limited, based in Ashford, UK, is a small, active company founded just three years ago in 2021. Employing nine people and holding £1,630,090 in assets, it operates from a real address and is led by two directors and a single owner, who is also the solo founder. The company regularly imports optical and medical tools and devices, with five months of import activity recorded.

The company’s website highlights its specialization in the manufacture and distribution of innovative healthcare devices for pain relief. It works with doctors and surgeons to design, patent, and manufacture devices for pain control at home. The website lists distributors across the UK, Ireland, USA, EU (Holland, Germany, Hungary, Czech Republic), and Hong Kong. It also features customer testimonials praising the devices' effectiveness and ease of use. The company sells both online and through pharmacies and multilanguage websites.

Financially, Medical Technology Limited shows a mixed picture. Net assets increased by 7.5% to £2,100,000, while cash reserves rose by 29% to £110,000. However, creditors increased by 41% to £320,000, and investments fixed assets decreased by 70% to £120,000. 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 flexibility, but the increase in creditors could indicate growing operational costs. The accounts are abridged and unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Medical Technology Limited seems to be growing, but it's important to keep an eye on its debt levels. The company's focus on pain relief devices and its network of distributors suggest a solid business model, but the financials reveal a startup still navigating the challenges of growth.

Registered in England/Wales under the registration number 13782311, with a registered address at TN25 7HJ, England, Ashford, Unit 6 Frith Business Centre Frith Road, Aldington.

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