Norso Medical Limited

Norso Medical Ltd from Newtownabbey UK: a small holding company with an active status, was founded twelve years ago and currently employs twelve people. The company holds assets valued at £1,513,069 and operates from a real address in Blackwater Business Park. With two directors and one owner, Norso Medical Ltd regularly imports optical and medical tools and devices (312 months), but exports irregularly (1 month). The company operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. industries.

The company’s website highlights its focus on patient monitoring, ultrasound, brain function monitoring, ECG defibrillation simulation training, and connectivity integration. It positions itself as a provider of cutting-edge solutions, with a focus on supporting healthcare professionals and improving patient outcomes. The website also showcases partnerships with industry leaders like Monivent, Lifecast, and Gaumard.

Financially, Norso Medical Ltd presents a mixed picture. Current assets have increased by 41% to £1,500,000, while net assets have also increased by 42% to £610,000. However, bank borrowings have surged by a significant 240%, reaching £650,000, and cash reserves have fallen by a substantial amount. Creditors have also increased by 39%, suggesting a need to manage debt effectively. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debt raises questions about its financial sustainability. The company is exempt from an audit, so the figures are unaudited.

The increase in bank borrowings and decrease in cash reserves may indicate that Norso Medical Ltd is investing in growth, or perhaps facing increased operating expenses. It’s possible the company is expanding its product offerings or entering new markets, which would require additional funding. The increase in creditors suggests a need to manage payment terms effectively to maintain good relationships with suppliers.

Registered in Northern Ireland under the registration number NI613722, with a registered address at BT36 4AA, Northern Ireland, Newtownabbey, Blackwater Business Park, Mallusk Way.

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