Pennamed Limited

Pennamed Ltd from Melton UK: a small, holding company with an active status, was founded 18 years ago. The company employs 16 people and holds assets worth £4,027,264. It has a real address, is managed by two directors, and owned by one individual. Pennamed Ltd regularly imports optical and medical tools and devices, with a history of 227 months of import activity.

The company operates as a specialist distributor of Endoscopic consumables and related medical supplies. With over 30 years of experience in the Endoscopic sector, Pennamed sources accessories from leading worldwide manufacturers. It prides itself on offering a friendly, personal service, leveraging its privately owned status to provide flexibility and a rapid response to hospital departments. Its product range is extensive, covering everything from bedside clean kits to polyp traps, and it even has a dedicated section for personal protective equipment. The company’s website also features a news section highlighting its commitment to “A Greener Endoscopy” – a sign of its responsiveness to environmental concerns.

Financially, Pennamed Ltd presents a mixed picture. Current assets have increased significantly by 42% to £4,000,000, while net assets have also grown by 33% to £3,600,000. Cash reserves have seen a substantial boost, rising 63% to £1,900,000. However, bank borrowings have increased by 220%, reaching £140,000, and trade creditors have surged by 220%, to £140,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain agile. The increase in both creditors and borrowings, however, suggests it may be relying on credit to fund its operations, which could be a concern. As a small company, it is exempt from an audit, so these figures are unaudited.

Registered in England/Wales under the registration number 06109475, with a registered address at HU14 3RS, Melton, East Yorkshire, 30 Redcliff Road Melton Industrial Park.

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