Rhodes Pharma Limited

Rhodes Pharma Ltd from Preston UK is a small, family-run company with an active status, established eighteen years ago. With nine employees and £4,041,828 in assets, it operates from a real address and is managed by two directors and two owners. The company regularly imports pharmaceutical products (for three months) and exports them (for twenty-five months). 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, and fewer than 50 employees.

The company’s website, Rhodes Pharmaceuticals, focuses on restructuring information related to Purdue Pharma L.P. and its Chapter 11 Plan of Reorganization. It highlights the creation of a new public benefit company dedicated to improving American lives and emphasizes compliance with Supreme Court rulings. Rhodes Pharmaceuticals itself is presented as a tradition of quality and excellence, developing and distributing pharmaceutical products nationwide since 2008. It’s a wholly-owned subsidiary of Purdue Pharma L.P. and emphasizes its management team’s experience and strong relationships with suppliers. The website also includes sections on product catalogs, terms and conditions, privacy policy, careers, ethics and compliance, and a commitment to customer privacy.

Financially, Rhodes Pharma Ltd shows some concerning trends. Cash bank on hand has plummeted by a staggering 83%, falling to £570,000. Current assets have also decreased by 34%, now standing at £4,000,000. Trade debtors have fallen slightly, but creditors have also decreased, suggesting a more careful approach to managing debt. The company’s fixed assets, however, have seen a massive increase, jumping by 57,000%. While the company’s small size helps it stay agile, the sharp decline in cash reserves and overall net assets—now at £3,200,000—raises questions about its financial health. No auditor is mentioned, which is likely due to its status as a small company. The company’s reliance on importing and exporting pharmaceutical products, alongside its connection to Purdue Pharma, suggests a complex business model facing ongoing challenges.

Registered in England/Wales under the registration number 06161365, with a registered address at PR4 4LG, England, Preston, Lancashire, Newlands House 60 Chainhouse Lane, Whitestake.

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