Penlon Limited

Penlon Limited, based in Abingdon, UK, is a large, established medical device manufacturer with a 28-year history. Employing 120 people and boasting assets of £13.8 million, the company operates as a holding company and maintains an active status. Five directors and one owner guide the business, which has earned a stellar 5.0-star Google rating from three reviews. Penlon is a regular importer and exporter, specializing in optical and medical tools and devices, with 407 months of import activity and 412 months of export activity recorded.

The company’s website highlights its commitment to producing world-renowned medical devices, with a focus on anaesthesia, endoscopy, MRI products, oxygen therapy, patient monitors, and suction control. Products like the Prima 460, Prima 451 MRI, and Prima 465 are showcased, emphasizing innovation and advanced patient support. Penlon also exhibits at major industry events like Euroanaesthesia, Arab Health, and MEDICA, demonstrating its global reach.

Financially, Penlon’s recent report presents a mixed picture. While average employee numbers increased slightly to 130, cash bank holdings decreased by 37% to £1 million. Net assets, however, grew by 15% to -£11 million, a significant change. Trade debtors decreased by 13% to £3.2 million, suggesting improved collection practices, but trade creditors increased by 35% to £3.4 million. Bank borrowings surged by 2200% to £1.2 million. Development costs capitalised decreased by 79% to £180,000. The company’s auditor, Critchleys Audit LLP, has signed off on the report.

Penlon’s focus on high-quality medical devices and its presence at key industry events indicate a commitment to growth. However, the increase in bank borrowings and the decrease in cash reserves suggest the company may be facing financial pressures, possibly due to investments in new products or expansion efforts. The decrease in development costs could also be a sign of reduced innovation, although it could also reflect a shift in accounting practices.

Registered in England/Wales under the registration number 03228364, with a registered address at OX14 3NB, Abingdon, Oxfordshire, 1-5 Barton Lane, Abingdon Science Park.

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