Spineart (uk) Ltd

Spineart (UK) Ltd, based in Portsmouth, is a large, active company established twelve years ago. With two employees and £886,452 in assets, the company generated £518,068 in revenue last year. It operates from a real address and is overseen by four directors and one owner. Spineart is a regular importer and exporter, specializing in optical and medical tools and devices, with 40 months of import activity and 17 months of export activity recorded.

The company’s website reveals a focus on spine surgery innovation, positioning itself as a leader in the field. Spineart supports surgeons in over 60 markets, offering a broad portfolio of patented, clinically validated solutions, including minimally invasive surgery techniques and 3D-printed implants. They are also expanding their product pipeline with new offerings in fusion, cervical disc prostheses, and robotic guidance. The site showcases a commitment to quality, innovation, and simplicity, and highlights partnerships with companies like eCential Robotics to advance robotic-assisted surgery. Recent news items detail FDA clearance for a new app and positive interim analysis results for a cervical disc prosthesis, suggesting ongoing product development and regulatory progress.

Financially, Spineart (UK) Ltd shows a mixed picture. While turnover increased by a healthy 63%, net assets decreased significantly, falling 55% to -£2.1 million. Bank borrowings increased substantially, reaching £2.9 million, and cash reserves dropped 6.3% to £50,000. Creditors also increased, rising 18% to £3 million. The company’s size—meeting two of three criteria for a large company—indicates a significant operation, but the decline in equity raises questions about its financial health. The company’s auditor, Forvis Mazars LLP, issued a qualified opinion. Despite these challenges, Spineart’s focus on innovation and its global reach suggest a company with long-term potential.

Registered in England/Wales under the registration number 08328402, with a registered address at PO6 4TY, England, Portsmouth, Office 8, Pure Offices Port Way 1, Port Solent.

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