Micromed Electronics Limited

Micromed Electronics Ltd from Esher UK: a small, active company founded 29 years ago, employs four people, and holds £1,781,860 in assets. It operates from a virtual address, is managed by two directors and two owners (likely a family business), and regularly imports optical and medical tools and devices—a consistent pattern over the last 33 months, with the most recent import recorded in October 2024.

The company’s website highlights two distinct areas: EEG neurophysiology and piano restoration. The EEG section focuses on medical equipment, while the piano division, “Micromed UK,” offers services like restoration, self-play system integration, and disaster recovery for pianos. It’s interesting to note the contrast between the medical focus of the electronics side and the heritage-focused piano business.

Financially, Micromed Electronics Ltd presents a mixed picture. While current assets increased by 9.4% to £1,800,000, other indicators raise concerns. Accumulated depreciation on motor vehicles decreased significantly by 20%, and bank borrowings increased substantially. Creditors also increased by 19%, suggesting a reliance on short-term financing. The company’s small size—meeting two of three criteria for a small company—helps maintain agility, but the increase in debt warrants closer attention. The company's equity increased by 6.9% to £1,700,000. No auditor is mentioned, which is typical for a small, exempt company.

Overall, Micromed Electronics Ltd appears to be navigating a period of change. The dual focus on medical electronics and piano restoration presents both opportunities and challenges, and the financial data suggests a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 03076117, with a registered address at KT10 9FQ, United Kingdom, Esher, Surrey, Albany House, Claremont Lane.

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