Pharm Medica Limited

Pharm Medica Limited is a small, active company based in Wembley, UK, founded 43 years ago in 1981. With eight employees and £770,916 in assets, it operates as a family business with three directors and two owners. The company has a virtual address, registered at an address shared by sixteen other companies. It’s an irregular importer, primarily dealing in essential oils and perfumes, with its last import activity recorded two months ago in November 2023.

The company's primary focus, however, is clinical research, as evidenced by its website, Pharma Medica Research Inc. Established in 1997, the company specializes in pioneering clinical research services, integrating automated data capture and quality controls into every stage of clinical trials. It operates a state-of-the-art facility with 360 beds, including a 24-bed Phase I Unit, and offers a range of services, from innovative clinical expertise to bioanalytical capabilities and scientific affairs. The company even holds a prominent role within the field of bioanalysis, contributing to industry standards.

Financially, Pharm Medica Limited presents a mixed picture. Current assets have fallen significantly by 48% to £770,000, while net assets have increased by 9.6% to £570,000. Bank borrowings have increased dramatically, rising 490% to £23,000, and cash reserves have decreased by 87% to £37,000. Debtors have also decreased by 49%, suggesting a potential issue with collecting payments. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, and the figures are unaudited. It’s clear the company is facing some financial pressure, although it’s not clear if this is a temporary setback or a longer-term trend.

Registered in England/Wales under the registration number 01594946, with a registered address at HA9 0LB, Wembley, Middlesex, 11-12 Hallmark Trading Centre, Fourth Way.

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