Spalding Medical Limited

Spalding Medical Ltd, based in Spalding, UK, is a small, active family business established 22 years ago. With five employees and £331,968 in assets, the company operates from a real address and is managed by two directors and owners. It’s a regular importer of optical and medical tools and devices, with 56 months of import activity recorded, the last in January 2025. Export activity is irregular, with just one month of exports recorded in May 2024. The company’s website highlights its role as a specialist in medical equipment servicing and sales, particularly focusing on shockwave therapy and aesthetic devices.

The website details a comprehensive range of services, including repair and servicing for EMS and Moeller Medical equipment, as well as aesthetic device maintenance. It emphasizes genuine OEM parts, highly trained technicians, and a commitment to top-level customer service. The site also features testimonials and contact information, including phone numbers and email addresses for the managing director and service manager. The company operates in the other service activities n.e.c. industries.

Financially, Spalding Medical Ltd shows a mixed picture. Cash bank on hand increased significantly, jumping 100% to £170,000, a positive sign. However, creditors also rose by 29%, reaching £280,000, and net assets increased dramatically by 1600%, reaching £55,000. Trade debtors decreased by 41%, suggesting improved collection of payments. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the increased creditors and debt require attention. The company is exempt from an audit, so the financial data is unaudited.

The increase in cash reserves is encouraging, but the rise in creditors suggests the company may be burning through cash to maintain operations. The family ownership structure could provide stability, but management needs to monitor debt levels and ensure sustainable growth.

Registered in England/Wales under the registration number 04541294, with a registered address at PE11 2TA, England, Spalding, 1-4 London Road London Road.

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