Spinesavers Limited

Spinesavers Limited, based in Chelmsford, UK, is a small, active company founded 14 years ago. It operates from a virtual address, managed by two directors and one owner. The company’s primary focus is retail sales via mail order and the internet, specializing in medical devices for spinal disorders.

The SpineCorporation, as it’s known, manufactures and sells medical devices, particularly spinal braces, and offers training programs. Its website highlights a commitment to innovation, patient care, and minimizing environmental impact. The company also operates Spinal Correction Clinics and provides disaster recovery services for damaged pianos. It's a global business, with a presence in Chesterfield, Derbyshire, and even a showroom in Harrods, London.

Financially, Spinesavers Limited presents a mixed picture. While the company holds £11,098 in assets, retained earnings and accumulated losses sit at -£3,100. Bank borrowings have increased, and cash reserves have fallen significantly. Trade creditors have risen, suggesting increased reliance on supplier credit. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the decline in equity is a concern. No auditor is mentioned, so the figures are unaudited.

It seems Spinesavers Limited is navigating a period of financial adjustment. The company’s diverse operations – from medical devices to piano restoration – suggest a desire to diversify revenue streams, but it’s unclear if this strategy is yielding the desired results. The rise in bank borrowings and the decline in cash reserves suggest the company may be burning through money, but it’s also possible that these are temporary fluctuations related to investment in new products or services.

Registered in England/Wales under the registration number 07502149, with a registered address at CM1 3AG, England, Chelmsford, Essex, Suite 1d Widford Business Centre, 33 Robjohns Road.

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