Source Medicine

Source Medicine, based in Totnes, UK, is a small, active company founded nine years ago in 2016. With £5,526 in assets and £6,328 in yearly revenue, it’s a modest operation run by a single director and owner, Ashmole Van Koten Leilani Silvia. The company’s registered address is real, with only one other business registered there. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, Source Medical, presents itself as a provider of comprehensive healthcare technology solutions and services. They focus on alleviating headaches faced by healthcare organisations, offering remote environmental monitoring, fitness and rehabilitation equipment, and data acquisition systems. The site highlights a purpose-built approach, with dedicated account managers and tailored equipment standardisation programs. They even offer solutions for disaster recovery of damaged medical devices. It's clear they're aiming for a high-tech image, with a focus on data-driven decision-making.

Financially, Source Medicine’s recent performance paints a mixed picture. Current assets have dropped significantly, falling 57% to just £5,526. Net assets have plummeted even further, declining 77% to £1,500. The company’s operating profit loss has also deepened, shifting from a profit of £3,400 to a loss of £5,100. Bank borrowings have remained steady, and cash reserves are low. While creditors have decreased slightly, the overall trend suggests financial pressure. The company, meeting two of three criteria for a small business, benefits from agility, but the sharp decline in equity is concerning. No auditor is mentioned, relying on unaudited statements.

It seems Source Medicine is navigating a challenging period, perhaps struggling to scale its operations or facing increased competition. The company’s focus on technology and customer service, however, offers a glimmer of hope for future recovery.

Registered in England/Wales under the registration number 10085231, with a registered address at TQ9 7PW, Totnes, Devon, Bowden House.

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