Medserve Limited

Medserve Ltd from Daventry UK: small company, active status, founded 34 years ago, 2 employees, £65,482 assets, real address, 2 directors, 1 owner, solo founder. Regular importer of optical and medical tools and devices (16 months imported). Regular exporter of optical and medical tools and devices (4 months exported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the retail sale of medical and orthopaedic goods in specialised stores (not incl. hearing aids) n.e.c. industries.

Medserve provides a comprehensive range of flexible solutions and maintenance contracts to prolong the life expectancy of equipment. The company’s website highlights a “One Stop Solution” with independent model servicing, decontamination solutions, and compliance support. It even offers LOLER inspections for lifting equipment, a legal requirement. The website also advertises a range of medical, mobility, and healthcare products. It’s clear the company aims to be a full-service provider for healthcare organisations, offering value for money and cost-saving programs. The site has a professional design and includes customer testimonials, reinforcing its reputation for quality service.

Financially, Medserve Ltd presents a mixed picture. Current assets have plummeted by 54%, falling to £65,000, while net assets have also decreased significantly, dropping 50% to £22,000. Bank borrowings have been reduced by 51%, to £4,000, but cash reserves have also taken a hit, falling 87% to just £9,100. Creditors have also decreased by 54%, which could indicate improved debt management. The company’s small size helps it remain agile, but the sharp decline in equity is concerning. With no auditor mentioned, the figures rely on unaudited statements.

The company’s reliance on a single founder and the decrease in cash reserves suggest it’s burning through money, but the reduction in creditors is a positive sign. It’s difficult to say if this is a temporary setback or a longer-term trend, but Medserve Ltd will need to carefully manage its finances to ensure its continued success.

Registered in England/Wales under the registration number 02573600, with a registered address at NN11 7JG, England, Daventry, Northamptonshire, Bragborough Hall Business Centre Welton Road, Braunston.

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