Rame Medical Limited

Rame Medical Limited, based in Torpoint, UK, is a small, active company founded eleven years ago in 2014. With five employees and £208,643 in assets, it operates from a real address within a business park. The company has eight directors, but no owners are reported, which is a bit unusual. It holds a respectable Google rating of 4.0 based on 39 reviews. Rame Medical is an irregular importer, primarily dealing in optical and medical tools and devices, with its last import activity recorded just two months ago.

The company's website, which is not available, suggests it provides medical services and operates within the general medical practice activities industries. It’s a small business, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It’s also worth noting that the director list was changed recently, which is a good sign.

Financially, Rame Medical Limited shows a mixed picture. Cash bank on hand increased by a significant 25%, jumping to £190,000, which is positive. However, current assets decreased by 13%, dropping to £210,000, and net assets also fell by 3.9%, settling at £170,000. Trade debtors experienced a substantial decrease of 75%, falling to £23,000, which could be a sign of improved collections or reduced sales. Creditors also decreased, but not as much, and bank borrowings went down a lot. The company's decrease in loans owed to related parties is a large increase, and it's worth noting that the company's tax charge is calculated on the basis of tax rates and laws that have been enacted.

The company’s unaudited financial statements, prepared by Francis Clark LLP, show a small business navigating a complex financial landscape. While the increase in cash reserves is encouraging, the declines in assets and equity suggest potential pressures. It’s likely that the company is still working to establish a solid financial foundation, and the lack of an auditor is common for companies of this size.

Registered in England/Wales under the registration number 08922572, with a registered address at PL11 2TB, Torpoint, Cornwall, Penntorr Health Trevol Business Park, Trevol Road.

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