Mibe Pharma Uk Ltd

Mibe Pharma Uk Ltd, based in London, is a small, active company founded seven years ago in 2017. It employs six people and holds £238,054 in assets, operating from a real address. The company is led by two directors and owned by a solo founder, Beier Wilhelm. It regularly imports electrical machinery and equipment (three months of imports recorded, the latest in August 2022) but exports it irregularly (one month of exports, the last in November 2022).

The company's website indicates it ceased operations within the UK from November 22nd, 2022. All enquiries are now directed to Dermapharm, which maintains a legal address for Mibe Pharma UK Ltd. The company operates in the wholesale of pharmaceutical goods and the retail sale of medical and orthopaedic goods, but the website’s closure suggests a shift in strategy.

Financially, Mibe Pharma Uk Ltd presents a concerning picture. Current assets have fallen by a significant 71%, dropping to £240,000, while net assets have plummeted 13%, reaching -£2,500,000. Bank cash has decreased by a massive 93%, leaving just £37,000. Creditors have also increased, by 41%, and trade debtors have fallen by 31%. The company’s small size (meeting two of three conditions for a small company) helps it remain agile, but the dramatic decline in equity and cash reserves raises serious questions. The lack of an auditor (likely exempt as a small company) means the figures are unaudited. It seems like the company has been burning through money, but the website closure suggests a deliberate move rather than a crisis.

Registered in England/Wales under the registration number 11034700, with a registered address at EC2R 5AR, United Kingdom, London, 4 Coleman Street, 6th Floor.

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