Medreich Plc

Medreich Plc, based in Feltham, UK, is a sizable company with an active status, having been established 29 years ago. Employing 29 people and boasting assets of £32,954,364, it operates from a real address and is overseen by four directors. Notably, there are no registered owners, which is unusual. The company maintains a strong Google rating of 4.0 based on eight reviews and is a regular importer and exporter of pharmaceutical products, with 115 months of import activity and 14 months of export activity.

Medreich is a fully integrated pharmaceutical company with a global presence, operating as a Contract Manufacturing Organization (CMO) and Contract Development and Manufacturing Organization (CDMO). Its website highlights a focus on providing services from initial concept to commercial manufacturing, including formulation development, analytical services, and clinical and commercial manufacturing. The company also emphasizes its research and development capabilities, particularly in creating patent non-infringing and niche generics. It’s clear that Medreich isn’s just a trading company but a complex manufacturing and service provider.

Financially, Medreich Plc shows some concerning trends. Accrued liabilities have doubled, from £1.4 million to £2.9 million, while deferred tax assets have decreased. Bank borrowings have vanished completely, dropping from £3.1 million to zero, and cash reserves have fallen by 27% to £1.6 million. Despite these challenges, net assets have increased by a substantial 14% to £32 million, and revenue has grown significantly, with profits rising 110%. It’s worth noting that creditors have decreased by 18%, suggesting improved debt management. The company is considered large, meeting two of the three criteria for size: turnover exceeding £36 million and balance sheet total exceeding £18 million. The lack of an auditor is not unexpected given its size and exemption status.

Overall, Medreich Plc appears to be navigating a period of change. While some financial metrics raise questions, the company’s strong market position, diverse service offerings, and growing revenue suggest a resilient business model. The absence of registered owners, however, could be a point of scrutiny for potential investors.

Registered in England/Wales under the registration number 03122988, with a registered address at TW13 7HF, England, Feltham, Warwick House, Plane Tree Crescent.

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