Securing new customers and ‘continued organic growth’ has been key to Medequip’s expansion in the last year, which has seen it increase its sales by 7% to just shy of £160m.
The community equipment provider’s latest financial figures, published for the year ended 31 December 2017, also show that operating profit increased by 8% to over £7m.
In the last five years Medequip has grown by around £87m. It has made a number of key moves recently, including launching its first community equipment service contract outside England.
It has partnered with manufacturer Cefndy Healthcare at a depot in Newport to expand its coverage in Wales.
The provider said it is keen to roll this model out more widely, with a mind to provide a “unique selling point for both businesses who feel strongly about helping individuals to remain independent for as long as possible, whether that be in the community or in employment”.
Medequip also recently achieved CECOPS accreditation for its four sites in London, which between them serve 17 of the capital’s 32 boroughs.
All of its remaining sites have also been audited to CECOPS standards and the business is awaiting confirmation that it has become the first company to gain full corporate registration.
Medequip currently runs more than 40 contracts operating out of around 19 specially adapted depots across the country, covering a population of more than 14.5m people.
The provider claims it manages its operations to ensure efficient delivery of all services designed for high user and prescriber satisfaction.
It allows equipment to be ordered online to free up prescribers and prevent them from being tied down by logistical issues. It claims that 99% of its activities are carried out within the required timescales.