Pillpacplus Ltd

Pillpacplus Ltd, based in Ballymena, Northern Ireland, is a small, active company founded ten years ago in 2014. With thirteen employees and £548,220 in assets, it operates from a real address within the Ballymena Business Centre. A single director and owner steer the company, which regularly imports machinery, boilers, and mechanical appliances—parts, with nineteen months of import activity recorded. It also exports miscellaneous manufactured goods, though irregularly, with just one month of export activity.

The company's website showcases a focus on pharmacy automation. Pillpacplus Ltd designs, manufactures, and sells pouch dispensing robots, optical pouch checkers, and electronic medication record software—all aimed at improving medication safety and efficiency for pharmacies and nursing homes. It partners with Yuyama, a global leader in automation technology, and Global factories, a European leader in pouch verification technology. The website highlights a commitment to innovation, with a focus on software solutions and a growing customer base.

Financially, Pillpacplus Ltd presents a mixed picture. Accumulated amortisation for intangible assets has increased significantly, rising by 190%, reflecting investment in development costs. Bank borrowings have also surged by 430%, reaching £29,000, while cash reserves have fallen 71% to £38,000. Creditors have increased by 43%, suggesting a need to manage payment terms. Despite these pressures, the company’s small size—meeting two of three criteria for a small company—allows for agility. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Pillpacplus Ltd seems to be investing heavily in its automation technology, but it's also facing challenges in managing its cash flow. The company’s focus on innovation and partnerships suggests a long-term vision, but it will need to carefully monitor its financial performance to ensure sustainability.

Registered in Northern Ireland under the registration number NI624770, with a registered address at BT42 1FL, Northern Ireland, Ballymena, Antrim, Unit 30, Ballymena Business Centre Fenaghy Road, Galgorm.

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