Micromode Medical Limited

Micromode Medical Ltd from Elstree UK: a small, active company founded 33 years ago, employs 24 people, and holds £3,453,333 in assets. It has a real address, is managed by three directors, and owned by two individuals. The company regularly imports and exports optical and medical tools and devices, with 22 months of import activity and 61 months of export activity recorded.

The company operates in the other human health activities industries. Its website is currently unavailable, making it difficult to assess its online presence and sales strategy. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Micromode Medical Ltd’s recent performance presents a mixed picture. Current assets have declined by 34%, dropping to £3.5 million, while net assets have fallen by 24%, settling at £2.6 million. Cash reserves have also taken a hit, decreasing by 35% to £2.9 million. Trade debtors have plummeted by a significant 83%, leaving just £38,000 remaining. However, creditors have decreased by 57%, suggesting improved debt management. Bank borrowings have increased by 2,400%, reaching £29,000, and provisions have remained constant at £100,000.

The company’s financial statements are unaudited, likely due to its small size and exemption from an audit. The decrease in cash reserves and the significant drop in trade debtors could indicate challenges in collecting payments or increased operational expenses. The increase in bank borrowings suggests the company may be relying on external financing to manage its operations. It's worth noting that the company’s directors are Shilen Thakker and Dean Warren Nathanson.

Registered in England/Wales under the registration number 02698578, with a registered address at WD6 3FG, Elstree, Hertfordshire, Unit 514 Centennial Avenue, Centennial Park.

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