Medical Wire & Equipment Co.(bath)limited

Medical Wire & Equipment Co. (Bath) Ltd, based in Corsham, Wiltshire, is a medium-sized company with a long history, having been founded 68 years ago in 1956. Currently employing 131 people, it operates as a holding company and boasts a strong Google rating of 5.0 based on three reviews. The company holds assets worth £19.7 million and generates £10.4 million in yearly revenue. It’s a regular importer of optical and medical tools, with 63 months of import activity, and a regular exporter of miscellaneous chemical products, with 125 months of export activity. The company is overseen by three directors and two owners.

The company's website showcases a wide range of products, primarily focused on laboratory, pharmaceutical, medical, and nursing supplies and equipment. It manufactures and distributes these items, with a particular emphasis on swabs and specimen collection media. A key element of their business is a focus on quality and compliance, highlighted by their adherence to international standards and validation for specimen transport devices. They also supply into food, pharmaceutical, forensics, environmental, and research sectors.

Financially, Medical Wire & Equipment Co. (Bath) Ltd presents a mixed picture. While turnover remained steady at £10.4 million, net assets declined by 18% to £21 million. Cash reserves also took a hit, falling 32% to £12 million. Bank borrowings surged dramatically, increasing by 1,400% to £160,000—a significant shift. However, creditors decreased by 49%, suggesting improved debt management. The company's average number of employees decreased by 28%, from 130 to 94. The company's auditor is PG Owen Limited. Deferred tax expense decreased significantly, dropping by 350%.

These trends could indicate a period of investment or restructuring within the company, with increased borrowing potentially funding expansion or new product development. The decrease in cash reserves, however, warrants attention, and the reduction in employees could be a response to changing market conditions. The company’s continued focus on quality and compliance, combined with its established reputation, should help it navigate these challenges.

Registered in England/Wales under the registration number 00571118, with a registered address at SN13 9RT, Wilts, Potley Lane, Corsham.

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