Spirit Healthcare Ltd

Spirit Healthcare Ltd, based in Leicester, UK, is a medium-sized holding company with an active status. Established 17 years ago, it employs 114 people and manages assets totaling £19,118,819. The company’s yearly revenue stands at £12,171,587, and it operates from a real address with two directors and one owner. Spirit Healthcare regularly imports and exports optical and medical tools and devices, with 169 months of import activity and 3 months of export activity.

The company’s website suggests a focus on wholesale pharmaceutical goods and general medical practice activities. While no direct e-commerce presence is apparent, the company likely operates through business-to-business channels, supplying medical professionals and healthcare providers. It's a wholesale business.

Financially, Spirit Healthcare Ltd shows a mixed picture. While current assets increased by 8.9% to £19,000,000, turnover declined significantly by 46% to £12,000,000. Net assets remained stable, but bank borrowings increased, and cash reserves decreased substantially – a concerning trend. Creditors also increased, which could indicate challenges in managing short-term liabilities. The company’s size, meeting two of three criteria for a medium-sized business, allows for flexibility, but the decline in revenue and cash flow warrants attention. The unaudited financial statements, prepared using Acorah Software Products, do not mention an auditor.

The sharp drop in turnover could be attributed to various factors, such as changing market conditions, increased competition, or supply chain disruptions. The rise in bank borrowings suggests the company may be relying on external financing to cover its operating expenses. The decrease in cash reserves indicates a need to improve cash flow management. Overall, Spirit Healthcare Ltd appears to be facing some financial pressures, but its established position in the market and its focus on essential medical supplies may help it weather the storm.

Registered in England/Wales under the registration number 06259954, with a registered address at LE2 6UP, United Kingdom, Leicester, Spirit House, Saffron Way.

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