Theraplate Uk Limited

Theraplate UK Limited is a small, active company based in Sleaford, UK, founded seven years ago in 2018. With four employees and £42,088 in assets, it operates from a virtual address – a detail highlighted by the fact that twenty-five companies share the same address. The company is led by one director and one owner, Francesca Lee, and runs an e-commerce site specializing in the distribution of Vortex Wave Circulation Therapy equipment. It’s a regular importer, with its top category being optical and medical tools and devices, importing for three months with the last import operation made in September 2020. The company’s website promotes its products as beneficial for equine, large, and small animals, emphasizing scientific data and customer testimonials.

The company’s core business revolves around raising horses and other equines, and the website showcases a strong focus on equine welfare and performance enhancement. It’s a distributor for TheraPlate, offering a range of products and services including full floor systems, education courses, and accreditation support. The website also highlights partnerships with insurance companies and veterinary professionals, emphasizing the product's widespread recognition and recommendation.

Financially, Theraplate UK Limited presents a concerning picture. Accumulated depreciation has increased by 95%, while cash bank on hand has plummeted by a staggering 97% to just £140. Bank borrowings have surged by 410%, reaching £50,000, and net assets have swung to a negative -£140,000. Current assets have also fallen significantly, dropping 58% to £42,000. Creditors have increased by 70%, and trade debtors have decreased by 52%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) may offer some agility, but the sharp decline in equity and cash reserves suggests it's burning through money. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Despite the concerning financial trends, Theraplate UK Limited appears to maintain a strong brand presence and customer base, particularly within the equine industry. Whether it can sustain this momentum while addressing its financial challenges remains to be seen.

Registered in England/Wales under the registration number 11216960, with a registered address at NG34 7BZ, England, Sleaford, Northgate House, Northgate.

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