Mirage Distribution Limited

Mirage Distribution Ltd from West Bromwich UK: small company, active status, founded 15 years ago, 20 employees, £4,586,170 assets, real address, 1 director, 1 owner, solo founder. Regular importer of pharmaceutical products (118 months imported). Regular exporter of pharmaceutical products (24 months exported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the wholesale of pharmaceutical goods industries. Officially, it has one owner or PSCs, one director, and twenty employees.

Mirage Distribution Ltd is a WDA H licensed and GDP compliant pharmaceutical wholesaler, regulated by the MHRA, and one of the leading suppliers of both pharmaceuticals and nonpharmaceutical products to large pharmacy chains, full and short line wholesalers across the UK. The company has developed robust supply chains by establishing key partnerships with UK manufacturers and EU partners. It’s also got a retail-focused division. Over the past 13 years, the business has created new income and growth streams, including brands like NutriDrinks.co.uk, Inari Health, and Mirage Pharma.

The company’s website highlights its specialization in the procurement, licencing, relabelling, and distribution of medical products. It’s continually developing its portfolio of parallel imported pharmaceutical licences through Mirage Pharma. It also works in GMDP and Trials Software Development, ThirdParty relabelling, order fulfilment, and brand distribution agreements. The website also mentions a commitment to recruiting, supporting, and developing its workforce.

Financially, Mirage Distribution Ltd shows some interesting trends. Cash bank on hand decreased by 6.5% to £1.3 million, while current assets increased by 5% to £4.6 million. However, bank borrowings increased by 31% to £2 million. Creditors decreased by 29% to £230,000, which is a positive sign. The company’s net assets increased by 11% to £3.8 million. The fact that it’s a small company means it’s likely exempt from an audit, so the figures are unaudited.

While the company’s assets are substantial, the increase in bank borrowings and the decrease in cash reserves suggest it may be investing heavily in its operations or facing increased working capital needs. The decrease in creditors is a good sign, indicating better debt management. It seems the company is growing, but it’s important to monitor its cash flow closely to ensure it can meet its financial obligations.

Registered in England/Wales under the registration number 07080694, with a registered address at B70 9BP, England, West Bromwich, Unit 6, Albion Industrial Estate, Oldbury Road.

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