South West Medical Limited

South West Medical Limited is a small, active company based in Clevedon, UK, established 24 years ago in 2000. With two employees and £418,907 in assets, it operates from a virtual address – a fact highlighted by the presence of 31 other companies registered at the same location. The business is a family affair, overseen by three directors and two owners, and specializes in the sale of medical equipment.

The company’s website reveals a multifaceted operation. Primarily, it’s a supplier of new and preowned medical equipment, consumables, and accessories, catering to hospitals, veterinary practices, and other institutions. They also provide servicing, repairs, and disposal of surplus equipment, including hazardous waste. Notably, they have a division dedicated to piano restoration, operating from Cambridge and even boasting a showroom in Harrods. This division, 1066 Pianos, focuses on museum-grade restorations and disaster recovery services.

Financially, South West Medical Limited shows a mixed picture. While cash reserves have dramatically increased to £180,000—a 47,000% jump—creditors have also risen significantly, increasing by 410% to £160,000. Bank borrowings have been eliminated, a positive sign, but net losses have deepened to -£23,000. Trade debtors have also increased by 890%. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The sharp increase in cash reserves suggests a recent influx of funds, perhaps from asset sales or new contracts. However, the rising creditors and deepened losses indicate potential cash flow challenges. It's possible the company is investing heavily in its piano restoration division, which could explain some of the increased expenses.

Registered in England/Wales under the registration number 04086162, with a registered address at BS21 7NE, England, Clevedon, Channel Court, 8 Hill Road.

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