Pelican Healthcare Limited

Pelican Healthcare Limited, based in Cardiff, UK, is a sizable holding company with an active status, celebrating 33 years since its establishment in 1991. Employing 163 individuals, the company holds assets totaling £17,755,794. With two directors and one owner, it operates from a real address and boasts a respectable Google rating of 4.0 based on three reviews. The company regularly imports plastics and plastic products (83 months) and exports optical and medical tools and devices (8 months).

The company’s website is not available, so it's difficult to determine the extent of its e-commerce presence. However, its operations are centered around the manufacture of medical and dental instruments and supplies.

Financially, Pelican Healthcare Limited demonstrates a mixed picture. While net assets increased by 11%, rising to £26 million, several key metrics reveal potential concerns. Cash reserves experienced a significant drop of 36%, falling to £2.5 million. Bank borrowings increased by a substantial 150%, reaching £1.2 million, suggesting a greater reliance on debt financing. Trade debtors also increased by 15%, which could indicate challenges in collecting payments from customers. Despite these concerns, creditors decreased by 15%, which could be a positive sign of improved debt management. The company’s size (meeting two of three criteria for a large company) allows for agility, but the decrease in cash reserves warrants attention. The accounts were audited by Miscampbell & Co, and the report states that the directors acknowledge their responsibilities under the Companies Act.

Overall, Pelican Healthcare Limited appears to be a stable, established business, but the declining cash position and increased borrowing suggest it may be burning through money. Whether this is a temporary setback or a longer-term trend remains to be seen, but the company will need to carefully manage its finances to ensure its continued success.

Registered in England/Wales under the registration number 02648823, with a registered address at CF14 5WF, Cardiff, Greypoint, Cardiff Business Park.

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