Paramount Medical Solutions Limited

Paramount Medical Solutions Ltd from Hastings, UK, is a small, family-run business that’s been active for 20 years. Employing just five people, the company holds £1,260,682 in assets and operates from a real address. With three directors and two owners, Paramount Medical Solutions is a regular importer and exporter of optical and medical tools and devices, having imported for 130 months and exported for 26 months.

The company’s website highlights its expertise in urology, fluid management, and procedure packs. Paramount Medical Solutions has revolutionized urology consumables, beginning with the UroFunnel system in 2005. They offer a range of products, including surgical drapes, irrigation sets, and the UroPro stone catcher, catering to clinicians' needs and reducing waste. The site also promotes custom procedure packs and equipment covers, emphasizing innovation and customer service.

Financially, Paramount Medical Solutions shows a mixed picture. While cash reserves increased by 92% to £250,000, current assets dropped by 18% to £1,300,000. Bank borrowings have also increased, rising 4.4% to £69,000. Creditors have surged by 130% to £340,000, and trade debtors have decreased by 24% to £200,000. The company’s size—meeting two of three criteria for a small company—helps it remain flexible, but the increase in creditors and the decrease in debtors suggest some financial pressure. The company is exempt from an audit as a small company, so the figures are unaudited. The directors loan accounts show a decrease of 12% to £24,000. It’s clear that the company is working hard to maintain its position in the market.

Registered in England/Wales under the registration number 05405193, with a registered address at TN35 4PP, England, Hastings, Unit 19, North Ridge Park, Haywood Way.

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