Specialty Pharma Of London Ltd

Specialty Pharma Of London Ltd, based in London, UK, is a large, active company founded eight years ago in 2016. Employing just two people, it boasts a real address and is led by a solo founder who also serves as both director and owner. The company maintains a respectable Google rating of 4.0 based on three reviews. It functions as a regular exporter of pharmaceutical products for eleven months, but imports irregularly, with just two months of import activity recorded.

The company’s website, SPL Pharma International, positions itself as an international distributor of specialty medication, bridging the gap between healthcare providers and medication on a global scale. They offer access programmes, pharmaceutical sourcing, logistics, customs clearance, and compliance services, with a particular focus on the Brazilian pharmaceutical market. They partner with leading pharmaceutical companies and have offices and depots in strategic locations including Sao Paulo, London, Miami, and Goias. The website highlights their expertise in international pharmaceutical distribution and their ability to serve healthcare providers efficiently across various markets.

Financially, Specialty Pharma Of London Ltd presents a mixed picture. While turnover increased significantly by 84%, reaching £41 million, net assets also rose considerably, increasing by 40% to £2.9 million. However, cash reserves experienced a sharp decline of 48%, dropping to £5 million. Bank borrowings also surged by 2,400%, reaching £29,000. Creditors decreased by 72%, suggesting improved debt management, but staff costs increased by 61%, reaching £290,000. The company’s large size (meeting two of three criteria for turnover over £36 million, balance sheet over £18 million, and employees over 250) suggests a substantial operation, but the decrease in cash reserves warrants closer attention. The company’s accounts were audited by KBSP Partners LLP, and the report was signed by Anthony Cowan BSc FCA. It’s likely that the increase in turnover is driving the need for more staff, but the decrease in cash reserves could indicate a need to manage working capital more effectively.

Registered in England/Wales under the registration number 10167709, with a registered address at EC2M 1NH, United Kingdom, London, Office 242 New Broad Street House, 35 New Broad Street.

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