Medicare Supply Limited

Medicare Supply Limited, based in London, UK, is a small, holding company with an active status. Founded four years ago in May 2020, it employs just two people and holds £9,208 in assets. The company operates from a virtual address, registered at an address shared by 984 other businesses, and is overseen by two directors and two owners.

The company’s activities span a wide range, including agents involved in the sale of a variety of goods, non-specialised wholesale trade, retail sale via mail order houses or via internet, and other service activities. It’s classified as a small company, meeting two of three criteria: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. Its website, though non-existent, suggests a focus on agents and wholesale trade.

Financially, Medicare Supply Limited presents a mixed picture. Current assets have decreased by 10% to £9,208, while net assets liabilities have also fallen by 24% to £3,300. Cash bank on hand has dropped by 11% to £9,100. Creditors have remained stable at £5,900, and trade creditors and payables are also unchanged at £840. The company’s retained earnings and accumulated losses have seen a significant decrease, falling 6.6% to -£17,000. The accounts are described as “filleted” and unaudited, with an accountants report.

The decrease in cash reserves and the negative equity suggest the company is burning through money, a common trend for startups. The lack of employees and the virtual address, while cost-effective, could also indicate a lack of infrastructure or a reliance on external contractors. It’s worth noting that the list of owners and directors was changed four years ago, and the reported figures are not exhaustive.

The company operates in Agent and brokers → Other diversified agent/brokers n.e.c.; Personal services → Other services n.e.c.; Retail → Online & mailorder; Wholesale → Non-specialised.

Registered in England/Wales under the registration number 12628475, with a registered address at N8 0RL, England, London, Demsa Accounts 565 Green Lanes, Haringey.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.