Meditec International England Limited

Meditec International England Ltd, based in Middlesex, UK, is a small, active company established 34 years ago. With four employees and £4,754,018 in assets, it operates from a virtual address, a detail that raises some eyebrows given 41 companies share the same location. The business is a family affair, overseen by six directors and two owners. While it’s an irregular importer of optical and medical tools and devices (just two months of imports recorded), it’s a regular exporter, having shipped these same items for 21 months.

The company’s website is currently unavailable, making it difficult to assess its online presence or e-commerce activities. It appears to focus on wholesale, operating within the pharmaceutical goods industries.

Financially, Meditec International England Ltd shows a mixed picture. Current assets have decreased by 13%, falling to £4,800,000, while net assets have increased slightly to £4,000,000. Bank borrowings have decreased by 64%, leaving just £400,000 in cash reserves. Trade debtors have remained relatively stable, at £4,100,000, and creditors have decreased by 38%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited, a common exemption for small companies.

The decrease in cash reserves is a point of concern, potentially indicating increased operational expenses or a slowdown in payments. The company’s irregular import activity suggests it may be facing supply chain challenges or adapting its sourcing strategy. The continued export activity, however, points to a stable demand for its products. It’s worth noting that the company’s financial data is presented without any mention of an auditor, which is typical for small, exempt companies.

Registered in England/Wales under the registration number 02576042, with a registered address at HA1 4QA, Middlesex, 8 Pinner View, Harrow.

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