Wel Medical Ltd

Wel Medical Ltd is a small, active holding company based in Farnborough, UK, founded nineteen years ago in 2006. Employing twenty-four people and holding assets of £6,532,464, the company operates from a real address and is led by one director and two owners. It regularly imports and exports optical and medical tools and devices, with nineteen months of import activity and seven months of export activity recorded.

The company's website showcases a range of defibrillator protection solutions, CPR training manikins, and suction units. It positions itself as a provider of state-of-the-art brands and services, emphasizing the use of cutting-edge technologies to offer high-quality emergency service equipment. The website also features news articles about awareness campaigns and the importance of CPR training.

Financially, Wel Medical Ltd shows some concerning trends. Current assets decreased by 14%, falling to £650,000, while net assets increased by 19%, reaching £3 million. Bank borrowings decreased by 32%, dropping to £78,000, and cash reserves increased by 5%, reaching £1.1 million. However, the company’s turnover decreased by 67%, falling to £550,000, and net losses deepened significantly. Trade debtors decreased by 42%, suggesting better debt management, but creditors increased by 35%, reaching £350,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the turnover decline is a worry. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Wel Medical Ltd appears to be navigating a challenging period, despite its strong brand and focus on lifesaving equipment. Whether it can return to profitability remains to be seen, but its commitment to quality and innovation gives it a fighting chance.

Registered in England/Wales under the registration number 05714397, with a registered address at GU14 8FF, England, Farnborough, 1 Chancerygate Way.

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