Praxis Medical Ltd

Praxis Medical Ltd from Accrington UK: small company, active status, founded 7 years ago, 6 employees, £1,875,556 assets, real address, 1 director, 1 owner. Regular importer of optical and medical tools and devices (46 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £1,875,556.

The company operates in the retail sale of medical and orthopaedic goods in specialised stores (not incl. hearing aids) n.e.c. industries. Its website is currently unavailable, making it difficult to determine the extent of its online presence. However, the company’s registration details suggest a focus on physical retail, potentially serving local healthcare providers or patients directly. It's possible they have a small local presence.

Financially, Praxis Medical Ltd presents a mixed picture. While cash reserves increased by a healthy 8.7% to £1.3 million, net assets remained relatively stable at £1.7 million. However, creditors decreased significantly, dropping 29% to £190,000 – a positive sign of improved debt management. Trade debtors also rose by 7.3%, which could indicate increased sales, but also potential difficulties in collecting payments. Depreciation charges increased by 57%, which could be due to increased property plant equipment. The company’s small size and lack of an auditor (likely exempt) mean the figures are unaudited. The decrease in total inventories by a staggering 96% is a significant point to consider, possibly due to increased sales or supply chain issues.

Registered in England/Wales under the registration number 10858764, with a registered address at BB5 3PX, England, Accrington, Unit 3 Brookside Street, Oswaldtwistle.

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