Summit Medical Limited

Summit Medical Ltd, based in Cheltenham, UK, is a sizable holding company with an active status, having operated for 24 years. The company employs 111 people and holds assets valued at £48,335,744, generating an annual revenue of £17,398,834. It’s managed by two directors and has one owner, boasting a perfect 5.0-star Google rating based on a single review. Summit Medical is a regular importer and exporter of optical and medical tools and devices, with 213 months of import activity and 156 months of export activity recorded.

The company’s website highlights its focus on designing, developing, and manufacturing high-quality medical products since 1984. It specializes in orthopaedic surgical products, offering a range of solutions from uncemented revision systems to surgical lighting and infection protection. The website showcases its commitment to innovation, with recent announcements including the launch of the TORS system in the U.S. and successful attainment of MDR certification. The company’s website also mentions partnerships with global orthopaedic companies.

Financially, Summit Medical Ltd demonstrates a robust position. Accumulated amortisation impairment intangible assets grew by 13%, while goodwill remained stable. Depreciation of property, plant, and equipment increased by 8%, and the company's average number of employees rose by 12%. Administration expenses grew by 6.1%, and the company’s net assets increased by 22%. While bank borrowings remained constant at £14 million, cash reserves increased by 83%, reaching £800,000. Trade debtors decreased by 32%, suggesting improved collection efforts, but creditors also dropped by 46%, which could be a sign of better supplier management. The company's sizable asset base and growing employee count (120 reported) indicate a stable and expanding operation, meeting all three criteria to be considered a large company. The company’s auditor is Hazlewoods LLP.

The trends suggest a company experiencing growth and stability, with a focus on expanding its product offerings and maintaining strong financial performance. The increase in employees and the growth in assets point towards an expanding business, while the decrease in trade debtors and creditors indicates efficient financial management. The company’s focus on innovation and partnerships positions it well for continued success in the competitive medical device market.

Registered in England/Wales under the registration number 04193536, with a registered address at GL54 2HQ, Cheltenham, Gloucestershire, Bourton On The Water Industrial, Park Bourton On The Water.

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