Network Medical Products Limited

Network Medical Products Ltd, based in Ripon, UK, is a large, holding company with an active status. Founded 28 years ago in 1996, the company employs 56 people and holds £5,310,659 in assets. It has a real address and is overseen by one director and one owner, with a Google rating of 3.0 based on five reviews. The company regularly imports and exports optical and medical tools and devices, with 325 months of import activity and 704 months of export activity recorded.

The company’s website, networkmedicalinfoinnoviamedical.com, showcases a range of ophthalmic and ENT products, including those from brands like Coronet, Eyetec, Netcell, and Network. It operates as a manufacturer and supplier of specialised sterile single-use products for ENT and ophthalmic surgery. The site highlights a commitment to innovation, quality, and customer service, with a focus on providing solutions for surgeons and patients worldwide. It seems the company does not operate as an e-commerce site, but rather serves as a catalogue and information hub for its products.

Financially, Network Medical Products Ltd appears to be facing some challenges. While current assets remained relatively stable, rising to £5,300,000, several key metrics show concerning trends. Accrued liabilities and deferred income increased significantly by 88%, while the company's equity plummeted 56%, dropping to £1,400,000. Bank borrowings increased, and cash reserves fell by 8.5%, indicating a potential need for careful cash flow management. Staff costs increased by 15%, and administrative expenses rose by 19%, which could be a result of increased demand or operational expansion. The company’s auditor is Azets Audit Services Limited, and the financial statements are prepared in accordance with FRS 102.

Overall, Network Medical Products Ltd is a well-established player in the medical device sector, but the recent financial data suggests it’s navigating a period of increased costs and declining equity. Whether these trends are temporary or indicative of longer-term issues remains to be seen, but the company will need to closely monitor its financial performance and adapt its strategies accordingly.

Registered in England/Wales under the registration number 03209576, with a registered address at HG4 2SG, Ripon, North Yorkshire, Coronet House, Kearsley Road.

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