Smartway Pharmaceuticals Limited

Smartway Pharmaceuticals Ltd, based in Leicester, UK, is a large holding company with an active status, having been incorporated twelve years ago in 2013. Employing ninety-seven people, the company holds assets totaling £61,699,464 and generates a yearly revenue of £176,911,388. Despite a registered address, it’s considered a virtual address as twenty-eight companies share the same location. Four directors and one owner guide the company, which boasts a respectable Google rating of 4.0 based on twenty-seven reviews. They regularly import and export pharmaceutical products, with a history of twenty-two months of imports and 282 months of exports.

Smartway Pharmaceuticals operates as a wholesale pharmaceutical distributor, serving healthcare professionals, pharmaceutical and biotech companies, wholesalers, distributors, aid organizations, and patients globally. Their website details a wide range of services, including aid development, comparator RLD supply, early access programs, hospital pharmacy supply, international supply, and specialist distribution. They even provide solutions for unlicensed imports and sexual health supply. Recent news highlights their efforts to source Canadian Creon imports to address shortages in the UK and their support for Rare Disease Day.

Financially, Smartway Pharmaceuticals shows a mixed picture. While turnover increased by 21%, reaching £180 million, net assets declined significantly by 70%, falling to £12 million. Bank borrowings have increased, and cash reserves have fallen considerably, suggesting a need to manage liquidity. Creditors, however, decreased slightly, indicating improved debt management. The company’s auditor, Versant Associates LLP, has issued an unqualified opinion, but the decline in equity raises questions about the company’s long-term financial health. The lack of employees reported in the financial data suggests a lean operation, but the increased borrowing may indicate a need for additional capital to support its global distribution network.

Registered in England/Wales under the registration number 08481191, with a registered address at LE3 5DE, Leicester, Leicestershire, The Old Mill, 9 Soar Lane.

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