Reed Medical Limited

Reed Medical Ltd, based in Blackburn, UK, is a small, active company established 34 years ago. Employing 34 people, it holds assets of £1,291,925 and operates from a real address. With two directors and two owners, it maintains a solid 4.0 Google rating based on five reviews. The company is a regular importer, specializing in footwear and related items, with 63 months of import activity recorded.

The company’s website, reedmedical.co.uk, reveals a highly specialized business: bespoke shoemakers supplying healthcare professionals. They focus on orthopaedic shoes for NHS hospitals and private clinics, offering catalogues for adults, kids, and off-the-shelf options. Notably, they don't make bespoke footwear for the general public, requiring orders to be placed through a private clinic. A dedicated section for foot orthotics and a "Clinician Support" area highlight their focus on professional partnerships. The site also features a "Patient Centre" and a "Choose a Private Clinic" section, further emphasizing their B2B model.

Financially, Reed Medical Ltd’s recent performance presents a mixed picture. Creditors have increased by 21%, while debtors have surged by 35%, suggesting a potential strain on cash flow. Cash reserves have plummeted 92% to just £2,600, a significant drop. However, the company’s net assets have increased by 21%, reaching £890,000, and fixed assets have increased by 2%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in cash reserves warrants attention. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Reed Medical Ltd appears to be a well-established, niche business facing some financial headwinds. Its focus on healthcare professionals and specialized footwear provides a strong foundation, but managing cash flow will be crucial for its continued success.

Registered in England/Wales under the registration number 02593748, with a registered address at BB1 3ES, United Kingdom, Blackburn, Lancashire, Greenbank Mill, Gladstone Street.

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