Recor Medical Ltd

Recor Medical Ltd, based in Sandwich, UK, is a small, active company founded six years ago in 2018. With 17 employees and £2,217,850 in assets, it operates from a virtual address, a detail flagged by the registration of 35 companies at the same location. The company is led by four directors, although no owners are officially listed. Recor Medical regularly imports and exports optical and medical tools and devices, with 11 months of import activity and 13 months of export activity recorded, the latest in September 2024 and November 2022 respectively.

The company’s activities center around the manufacture of medical and dental instruments and supplies, a sector that requires precision and regulatory compliance. While no website is available to analyze, the nature of the business suggests a B2B model, likely supplying hospitals, clinics, and dental practices. The lack of a public online presence could indicate a focus on direct sales or partnerships rather than consumer retail.

Financially, Recor Medical Ltd presents a mixed picture. While cash reserves increased by 9.6% to £1.6 million, net assets decreased by 26% to -£1.4 million. Trade debtors have dramatically increased by 220%, suggesting potential issues with customer payments, or perhaps a deliberate expansion of credit terms. Liabilities have also risen, with accrued liabilities increasing by 74%. Despite these challenges, creditors decreased by 18%, indicating some improvement in debt management. 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. The financial statements were audited by Kreston Reeves LLP.

Overall, Recor Medical Ltd seems to be navigating a period of transition. While revenue appears to be growing, the company is burning through cash and facing increased debt. Whether it can sustain this growth trajectory remains to be seen, but its focus on a specialized niche and its established import/export operations provide a foundation for future success.

Registered in England/Wales under the registration number 11604921, with a registered address at CT13 9FF, United Kingdom, Sandwich, Kent, Innovation House Innovation Way, Discovery Park.

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