Medipaws Limited

Medipaws Limited, based in Manchester, UK, is a small, holding company with an active status. Founded five years ago in February 2020, it employs just five people and holds £283,612 in assets. The company operates from a virtual address – a fact highlighted by the presence of 137 other companies registered at the same location – and is led by two directors and a single owner. It runs an e-commerce site and has a Google rating of 2.0 based on just two reviews. Medipaws Limited is an irregular exporter, primarily dealing in fats, oils, and waxes from animal, plant, or microbial sources, with only one month of export activity recorded as of July 2022.

The company’s website, while not fully detailed, indicates a focus on retail sales via mail order and internet channels. It operates within the broader retail sector, catering to customers seeking pet-related products. The presence of a dedicated e-commerce platform suggests a direct-to-consumer business model, likely emphasizing online marketing and customer service.

Financially, Medipaws Limited presents a mixed picture. Accumulated depreciation has increased by 42%, indicating investment in plant and machinery. Amounts owed to group undertakings have surged by a staggering 370%, suggesting increased reliance on related entities. However, the number of employees has decreased by 20%, and bank borrowings have exploded by 1700%, reaching £67,000 – a concerning trend. Creditors have also increased significantly by 51%, while cash reserves have fallen by 10%, dropping to £23,000. The company’s equity has plummeted 130%, resulting in net assets of -£83,000. While the company is small, meeting two of three criteria for a small company, the sharp decline in equity and the increase in debt are worrying signs. The lack of an auditor, as is common for small companies, means these figures are unaudited.

Overall, Medipaws Limited seems to be facing financial headwinds. While its e-commerce operation may be functional, the company's balance sheet reveals a company burning through money. The reliance on group undertakings and the increase in debt suggest a need for careful management and potentially a change in strategy.

Registered in England/Wales under the registration number 12458290, with a registered address at M44 5AN, England, Manchester, Greater Manchester, 100 Liverpool Road Cadishead.

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