Otodynamics Limited

Otodynamics Ltd, based in Hertfordshire, UK, is a small, family-run business with an active status, celebrating 36 years in operation. Employing 32 people and holding assets valued at £3,759,955, the company operates from a real address and is overseen by four directors and two owners. It's a regular importer and exporter, specializing in optical and medical tools and devices, with 50 months of import activity and 96 months of export activity recorded.

The company’s website highlights its expertise in audiology diagnostic and screening products, particularly Otoacoustic Emissions (OAEs) and Auditory Brainstem Responses (ABRs). It caters to clinical and screening applications, offering handheld instruments like the Otoport Flexi and Otoport ABR, alongside research tools. The website also features testimonials from satisfied customers, praising the company’s products and support. It’s clear that Otodynamics is a specialist, focusing on a niche market within the medical device industry.

Financially, Otodynamics Ltd shows some interesting trends. While current assets remained relatively stable at £3,800,000, bank borrowings increased by 47% to £37,000. Creditors also rose significantly, up 29% to £260,000, and trade debtors stayed consistent at £470,000. The company’s size qualifies it as small, meeting two of three criteria (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). Cash reserves, however, decreased by 25% to £1,200,000. The company’s focus on research and development, as evidenced by its product range and website content, likely contributes to ongoing investment. As a small company, it is exempt from an audit. The increase in borrowings and creditors, while not alarming, suggests a need to manage cash flow effectively.

Registered in England/Wales under the registration number 02289571, with a registered address at AL10 8BB, Hertfordshire, 30-38 Beaconsfield Road, Hatfield.

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