Oticon Limited

Oticon Limited is a large, holding company based in Birmingham, UK, with an active status. Founded 52 years ago in 1973, the company employs 133 people and holds assets worth £46,111,000. It’s a real address, with four directors and one owner reported, and boasts a perfect 5.0 Google rating from six reviews. The company regularly imports optical and medical tools and devices (185 months) and exports electrical machinery and equipment (47 months).

The company’s website reveals a global hearing aid specialist, dedicated to helping people regain control over their lives through advanced hearing technology. It’s a comprehensive platform offering a wide range of hearing aids, accessories, and support services. The site prominently features its BrainHearing technology, emphasizing the importance of sound information for cognitive function. It also has a robust section for professionals, providing training and resources for audiologists. The website also has a blog and a section to locate hearing centres.

Financially, Oticon Limited’s recent performance shows mixed trends. Current assets increased by 22%, reaching £46,000,000, while net assets grew by 17% to £27,000,000. However, administrative expenses increased by 30%, reaching £1,100,000, and interest expense ballooned by 240%, reaching £99,000. Bank borrowings increased by 39%, reaching £5,900,000. The company’s director remuneration increased to £120,000. The company is audited by Consilium Audit Limited.

Despite these fluctuations, Oticon Limited’s large size (meeting all three criteria for a large company: turnover over £36 million, balance sheet total over £18 million, and over 250 employees) suggests a stable financial foundation. The increase in administrative expenses could be attributed to investments in research and development or marketing initiatives. The company’s continued growth in both imports and exports indicates a strong global presence and demand for its products.

Registered in England/Wales under the registration number 01095512, with a registered address at B37 7YG, England, Birmingham, West Midlands, 3800 Parkside Solihull Parkway, Birmingham Business Park.

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