Relief Orthotics Limited

Relief Orthotics Ltd from Motherwell UK: a small, active company established 39 years ago, employs nine people, and holds £117,497 in assets. It operates from a virtual address, is overseen by four directors and one owner, and functions as an irregular importer of clothing and accessories made by knitting or crocheting, with the last import occurring one month ago.

The company’s website highlights a focus on orthotics and mobility products, including custom-made devices manufactured using CAD/CAM technology. It also references a partnership with Rodin4D for iPad-based sensor technology and offers services like Thomas Bed Splints and postural seating solutions. The site also mentions a “Mobility Products Division” and a connection to the medical and dental instrument supply industries.

Financially, Relief Orthotics Ltd presents a mixed picture. Current assets have decreased by 28% to £120,000, while net assets have fallen 16% to £55,000. Bank borrowings have increased, and cash reserves have declined 21% to £53,000. Creditors have also decreased by 32%, suggesting improved debt management. The number of employees has increased by 33%, to twelve, which could be a sign of growth, but also potentially increased operational costs. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the decline in equity warrants attention. No auditor is mentioned, likely due to its status as a small company.

Overall, Relief Orthotics Ltd appears to be navigating a period of change. While its core business in orthotics seems to be continuing, the financial data suggests some challenges, and the increased employee count may be impacting profitability.

Registered in Scotland under the registration number SC094687, with a registered address at ML1 1XA, Scotland, Motherwell, Oakfield House, 378 Brandon Street.

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