Meridian Medical Limited

Meridian Medical Ltd from Littlehampton UK is a small holding company with an active status, established 33 years ago. Employing 114 people, the company holds £4,402,393 in assets and operates from a real address. Two directors and one owner oversee the business, which regularly imports plastics and plastic products (132 months) and exports optical and medical tools and devices (46 months).

The company specializes in medical device manufacturing, offering services like cleanroom assembly, injection moulding, and full device project management. Its website highlights a focus on agility, expertise, and trusted partnerships with medical companies. They even have a dedicated section for resources, including articles and case studies, and offer a mailing list for industry insights.

Financially, Meridian Medical Ltd shows some concerning trends. While cash bank on hand increased by 29% to £660,000, net assets decreased by 20% to £3.6 million. Property, plant, and equipment saw a significant drop, with computer equipment depreciating to zero. Trade debtors rose by 3.5% to £1.6 million, while creditors increased by 14% to £1.4 million. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity warrants closer examination. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

The company’s increased bank borrowings and decreased cash reserves suggest it may be burning through money faster than it’s generating revenue. The drop in property, plant, and equipment, particularly computer equipment, could indicate a lack of investment or a write-off of assets. However, the increase in trade debtors could be a sign of growth, although it also carries the risk of delayed payments.

Registered in England/Wales under the registration number 02609505, with a registered address at BN17 7LU, England, Littlehampton, West Sussex, Unit 1 Thorgate Road, Lineside Industrial Estate.

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