Medscience Distribution Ltd

Medscience Distribution Ltd, based in Wildmere Industrial Estate, UK, is a large, active company established 35 years ago. Employing 43 people, it holds assets worth £5,708,984 and generates an annual revenue of £11,674,282. The company regularly imports and exports optical and medical tools and devices, with 316 months of import activity and 30 months of export activity recorded. It’s managed by three directors and owned by Devine Declan and Gannon John.

The company's website highlights its role as a distributor of medical equipment, with a focus on strategic brand management, account management, and e-commerce solutions. It also provides storage and distribution services. The site’s layout is clean and professional, featuring a clear menu and contact information. While it doesn't appear to be a fully transactional e-commerce site, the presence of "ECommerce Solutions" suggests an online sales component.

Financially, Medscience Distribution Ltd presents a mixed picture. Accumulated amortisation and impairment of intangible assets have increased, with goodwill rising by 25%. Similarly, depreciation of property, plant, and equipment has also increased, reflecting investment in assets. However, cash and cash equivalents have seen a significant boost, jumping 150% to £650,000. Trade creditors have decreased by 39%, which is a positive sign, but bank borrowings have plummeted by a staggering 99%, leaving only £31,000. The company's net assets have also increased, rising by 17% to £8,600,000. The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) helps it stay agile, but the sharp equity drop raises questions. The company’s auditor is TB Millar & Co.

Overall, Medscience Distribution Ltd appears to be a financially stable company, although the sharp decrease in bank borrowings is a bit unusual. The company’s focus on medical equipment distribution and its strong online presence position it well for continued success. The company's financial statements are audited, which adds a layer of confidence in the reported numbers.

Registered in England/Wales under the registration number 02491098, with a registered address at OX16 3TB, Wildmere Ind Estate, Banbury Oxon, Cephalon House, Unit 8 Manor Park.

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