UK Companies House feature
NETWORK MEDICAL PRODUCTS LIMITED
Cash
£298K
+78.2% vs 2023
Net assets
£2M
+30.3% vs 2023
Employees
50
-7.4% vs 2023
Profit before tax
£493K
+152.8% vs 2023
Profile
- Company number
- 03209576
- Status
- Active
- Incorporation
- 1996-06-07
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 32500
- Hubs
- UK Healthcare
Net assets
7-year trend · vs UK Healthcare median
Accounts
7-year trend · latest 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £5,277,170 | — | — | — | |
| Operating profit | — | — | — | -£579,632 | — | — | — | |
| Profit before tax | — | — | — | -£579,441 | -£449,579 | -£933,048 | £492,711 | |
| Net profit | — | — | — | -£499,441 | -£449,579 | -£889,968 | £426,631 | |
| Cash | — | — | — | £172,779 | £182,623 | £167,156 | £297,832 | |
| Total assets less current liabilities | — | — | — | £2,871,108 | £2,421,529 | £1,488,481 | £1,908,192 | |
| Net assets | — | — | — | £2,746,108 | £2,296,529 | £1,406,561 | £1,833,192 | |
| Equity | £3,372,427 | £3,587,766 | £3,819,026 | £2,746,108 | £2,296,529 | £1,406,561 | £1,833,192 | |
| Average employees | — | — | — | 54 | 56 | 54 | 50 | |
| Wages | — | — | — | £1,860,784 | £2,131,198 | £2,421,830 | £2,103,918 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “During 2024 Network Medical has furthered its significant progress towards the 2025 completion of MDR compliance filings. This positions Network towards a stronger 2025 and 2026 performance.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
1 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MEREDITH, Terrance Lee | Director | 2023-05-16 | Jun 1957 | American |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GONZALEZ, Juan Jesus | Secretary | 1996-06-07 | 1998-06-19 |
| MERCER, Neil Allen | Secretary | 2006-04-06 | 2018-02-22 |
| ZARELLI, Sergio | Secretary | 1998-06-19 | 2006-04-06 |
| ALVAREZ, Carlos Jose Rodriguez | Director | 2003-05-23 | 2006-04-06 |
| GONZALEZ, Juan Jesus | Director | 1996-06-07 | 2003-05-23 |
| ISHBIA, Justin Ryan | Director | 2018-02-22 | 2023-05-16 |
| JAECKEL, Paul | Director | 1997-06-13 | 2006-04-06 |
| MERCER, Neil Allen | Director | 2006-04-06 | 2018-02-22 |
| PIERCE, Donald | Director | 2018-02-22 | 2023-05-16 |
| WESTON, Anthony Giles | Director | 2006-04-06 | 2018-02-22 |
| WESTON, Ian Douglas | Director | 2012-09-03 | 2013-11-15 |
| WESTON, Philip Douglas | Director | 1996-12-19 | 2018-02-22 |
| ZARELLI, Sergio | Director | 1996-06-07 | 2006-04-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Scp Medical Holdings (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-02-22 | Active |
| Mr Philip Douglas Weston | Individual | Shares 25–50% | 2017-05-28 | Ceased 2018-02-22 |
Filing timeline
Last 20 of 133 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-09-15 | AA | accounts | accounts with accounts type full |
| 2025-07-03 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-07-03 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-07-03 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-07-03 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-07-03 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-07-03 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-06-30 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-08-16 | AA | accounts | accounts with accounts type full |
| 2024-08-14 | DISS40 | gazette | gazette filings brought up to date |
| 2024-08-13 | GAZ1 | gazette | gazette notice compulsory |
| 2024-08-12 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-09-19 | AA | accounts | accounts with accounts type full |
| 2023-07-12 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-07-12 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-07-12 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-07-06 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-07-06 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-07-06 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-06-30 | CS01 | confirmation-statement | confirmation statement with no updates |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
2.46
GREY ZONE
Altman Z″
- Working capital / Total assets 0.236 × 6.56 = +1.55
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.075 × 6.72 = +0.50
- Book equity / Total liabilities 0.388 × 1.05 = +0.41
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory