Medicare Supply Limited

Medicare Supply Limited, based in London, UK, is a small, holding company with an active status. Founded four years ago in May 2020, it employs just two people and holds £9,208 in assets. The company operates from a virtual address, registered at an address shared by 984 other businesses, and is overseen by two directors and two owners.

The company’s activities span a wide range, including agents involved in the sale of a variety of goods, non-specialised wholesale trade, retail sale via mail order houses or via internet, and other service activities. It’s classified as a small company, meeting two of three criteria: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. Its website, though non-existent, suggests a focus on agents and wholesale trade.

Financially, Medicare Supply Limited presents a mixed picture. Current assets have decreased by 10% to £9,208, while net assets liabilities have also fallen by 24% to £3,300. Cash bank on hand has dropped by 11% to £9,100. Creditors have remained stable at £5,900, and trade creditors and payables are also unchanged at £840. The company’s retained earnings and accumulated losses have seen a significant decrease, falling 6.6% to -£17,000. The accounts are described as “filleted” and unaudited, with an accountants report.

The decrease in cash reserves and the negative equity suggest the company is burning through money, a common trend for startups. The lack of employees and the virtual address, while cost-effective, could also indicate a lack of infrastructure or a reliance on external contractors. It’s worth noting that the list of owners and directors was changed four years ago, and the reported figures are not exhaustive.

Registered in England/Wales under the registration number 12628475, with a registered address at N8 0RL, England, London, Demsa Accounts 565 Green Lanes, Haringey.

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