Medicare Health Products Ltd

Medicare Health Products Ltd is a small, active company based in London, UK, founded four years ago. With just one employee and £17,542 in assets, it operates from a virtual address shared by over 700 other companies, raising some questions. The company is led by a single director and owner, Atilla Mehmet Erhan. It’s an irregular importer, primarily dealing in optical and medical tools and devices, with just one month of import activity recorded back in 2021.

The company’s website paints a different picture. It’s actually a network of local pharmacies across Huddersfield and Holmfirth, operating under the name "Medicare Chemists Ltd." The site highlights services like Flu Vaccinations and EPS prescriptions, with several branches listed, each offering extended opening hours and convenient locations. It’s clear the company is focused on providing healthcare services to the local community, with a strong emphasis on friendly staff and accessible care.

Financially, Medicare Health Products Ltd is showing some concerning trends. Cash bank on hand has plummeted 71%, dropping to just £1,500. Net assets have also declined significantly, falling 15% to £1,400. Creditors have decreased by 40%, which is a positive sign, but trade debtors have remained steady. The company’s small size (meeting two of three conditions for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in assets and cash reserves suggests it’s burning through money. The lack of an auditor mentioned—likely due to being a small company—means the figures are unaudited.

While the pharmacy network appears well-established and community-focused, the company’s financial health is a cause for concern. It’s possible the business is navigating typical startup challenges, or it could be facing longer-term pressures.

Registered in England/Wales under the registration number 13256678, with a registered address at N15 5EA, England, London, 151 West Green Road.

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