Nordic Medical Limited

Nordic Medical Limited is a small, active holding company based in London, UK. Founded ten years ago in 2014, the company holds £482,925 in assets and operates from a real address at Unit A303.6 Almond Building, The Biscuit Factory. It’s managed by two directors and owned by Nordic Medical Group Aps and Mbm Partners Ltd, though the ownership structure changed seven years ago. The company's status is active.

While the name suggests a focus on medical services, the company’s website reveals a different picture. Nordic Medical Centre, operating in Addis Ababa, Ethiopia, is a Norwegian-run medical facility offering a wide range of services, from emergency care to diagnostic imaging. It’s positioned as a premium provider, catering to international organizations, embassies, and health insurance companies. The centre has expanded significantly, including an ICU and operating theatres, and even runs a nursing education institute. The website emphasizes patient-centered care, high-quality services, and a commitment to improving healthcare in Ethiopia.

Nordic Medical Limited appears to be acting as an agent specializing in the sale of other particular products industries. It’s an irregular importer of plastics and plastic products, with two months of import activity recorded, and an irregular exporter of essential oils and perfumes, with two months of export activity.

Financially, Nordic Medical Limited shows some concerning trends. Cash bank on hand increased by 12% to £250,000, which is good, but creditors surged by 190% to £140,000. Current assets also rose by 8.7% to £480,000, while debtors decreased by 27% to £150,000. Equity declined by 13% to £340,000, and the company paid a final dividend of £120,000. Despite these fluctuations, the company meets the criteria for a small business – turnover less than £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

Overall, Nordic Medical Limited seems to be facing some financial pressures, with rising debts and declining equity. However, the parent company, Nordic Medical Centre, appears to be thriving, suggesting a potential disconnect between the holding company's performance and its operational arm. It’s unclear whether the holding company is actively managing its finances or if it's primarily focused on supporting the Ethiopian medical facility.

Registered in England/Wales under the registration number 09205780, with a registered address at SE16 4DG, England, London, Unit A303.6 Almond Building The Biscuit Factory, 100 Clement's Road.

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