NETWORK MEDICAL PRODUCTS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-11 (in 1mo)
Last made up 2025-05-28
Watchouts
None on the register
Cash
£298K
+78.2% highest in 4 filed years
Net assets
£2M
+30.3% vs 2023
Employees
50
-7.4% lowest in 4 filed years
Profit before tax
£493K
+152.8% highest in 4 filed years
Net assets
7-year trend · vs Health Care median
Accounts
7-year trend · latest reflected 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 | — | £7,095,996 | £6,782,743 | |
| Operating profit | — | — | — | -£579,632 | — | -£934,426 | £490,287 | |
| 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 the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -11.0% | — | -13.2% | 7.2% | |
| Net margin | — | — | — | -9.5% | — | -12.5% | 6.3% | |
| Return on capital employed | — | — | — | -20.2% | — | -62.8% | 25.7% | |
| Current ratio | — | — | — | — | — | 1.25x | 1.33x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- 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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-4.4%
£7,095,996 £6,782,743
-
Cash
+78.2%
£167,156 £297,832
highest in 4 filed years
-
Net assets
+30.3%
£1,406,561 £1,833,192
-
Employees
-7.4%
54 50
lowest in 4 filed years
-
Operating profit
+152.5%
-£934,426 £490,287
highest in 3 filed years
-
Profit before tax
+152.8%
-£933,048 £492,711
highest in 4 filed years
-
Wages
-13.1%
£2,421,830 £2,103,918
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers