Welfare Medical Limited

Welfare Medical Ltd, based in Hampshire, UK, is a small, active company founded 19 years ago. It employs just two people and holds £924,106 in assets, operating from a virtual address. The business is a family affair, managed by two directors and two owners. Welfare Medical Ltd regularly imports and exports optical and medical tools and devices—31 months of imports and 280 months of exports recorded. The company operates in the other professional, scientific and technical activities n.e.c. industries.

While the company’s website is minimal, it’s clear Welfare Medical Ltd focuses on distributing medical equipment. There’s no obvious e-commerce presence, suggesting a business-to-business model rather than direct sales to consumers.

Financially, Welfare Medical Ltd appears stable, though some trends warrant attention. Current assets increased by 5.7% to £920,000, while net assets rose 27% to £730,000. Cash reserves grew by a substantial 15% to £550,000. However, trade debtors increased by 8.8% to £91,000, which might indicate a slight delay in customer payments. Creditors decreased by -34%, which is a positive sign of better debt management. The company meets the criteria for a small company—turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—and is exempt from a full audit.

The company’s growth in assets and cash reserves is encouraging, but the increase in trade debtors should be monitored. It's possible the company is expanding its customer base, which could explain the delayed payments, but it’s something to keep an eye on. The lack of an auditor mentioned, as is typical for small companies, means the financial data relies on unaudited director reports.

Registered in England/Wales under the registration number 05634478, with a registered address at PO7 7AN, Hampshire, Wellesley House, 204 London Road, Waterlooville.

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