Merxin Ltd

Merxin Ltd, based in King’s Lynn, UK, is a small, active company founded nine years ago in 2015. With nine employees and £5,969,666 in assets, it operates from a real address and is overseen by four directors and two owners. The company regularly imports and exports optical and medical tools and devices—14 months of imports and 3 months of exports recorded. Its business focuses on drug delivery and medical device platforms, specifically designing and supplying generic and customised inhaler devices. They offer a range of inhaler types, including dry powder inhalers and soft mist inhalers, and even tailor devices for cannabinoid delivery. They position themselves as experts in OINDPs and offer services from concept to commercial supply, including device evaluation, clinical trials, and regulatory filings.

The company’s website highlights its expertise in inhaler technology and its ability to help customers speed up development, file patents, and market inhaled dosage forms. They emphasize a flexible supply chain and a team with 100 years of experience in OINDPs. They also cater to the growing market for cannabinoid delivery systems. The company’s skills extend to 3D printing and offer support from clinical trials to marketed products.

Financially, Merxin Ltd shows a mixed picture. Cash bank on hand increased significantly by 190%, reaching £5,300,000, while current assets also rose by 120%, totaling £6,000,000. However, creditors surged by a substantial 850%, reaching £4,200,000, and net assets declined by 17% to £2,000,000. The number of employees increased by 33%, from nine to twelve. Trade debtors decreased by 27%, suggesting improved collection practices, but the significant increase in creditors could indicate growing operational expenses or perhaps a reliance on short-term financing. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the drop in equity warrants further observation. The accounts are abridged and unaudited, and no auditor is mentioned, which is typical for companies of this size.

Registered in England/Wales under the registration number 09906813, with a registered address at PE30 5FQ, England, King's Lynn, Norfolk, 1 Peterborough Road, King's Lynn Enterprise Park.

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