A Buckinghamshire based healthcare company has had its pre-tax profits grow 380% in the latest financial year.
Profit
Trio Healthcare, headquartered in Great Missenden, Buckinghamshire, develop advanced medical technologies, including a silicone gel medical adhesive that prevents abdominal stomas from leaking.
The company recently won the Queen’s Award for Enterprise in the Innovation Category for its patented silicone technology which is helping to improve the lives of ostomates in the UK and also globally.
The company has seen its sales increase 62% in the previous year and is currently forecasting a 55% increase in growth for 2018/19.
Trio Healthcare is working alongside Medilink North of England to develop technology and products in close consultation with patients and clinicians to ensure they are fulfilling gaps and needs of their customers
The company’s most recent product is a unique secure silicone adhesive that can be used around the stoma and which provides secure but skin-friendly adhesion to the skin. The patented formulation leaves no residue and its hydrophobic nature prevents absorption of any faeces or urine providing a complete barrier, which allows the skin to naturally heal underneath.
The development of the company’s technology has enabled it to launch a range of silicone-based accessory products in an industry dominated by hydrocolloid. These products are viewed as a precursor to the natural next phase of ostomy products coming out of Trio’s pipeline.
Managing director of Trio Healthcare Lloyd Pearce said: “I’m delighted to see such strong figures for Trio Healthcare. They are a reflection of how hard everyone has been working, researching and developing innovative healthcare. We are a young, dynamic and agile company and these attributes have allowed us to stay ahead of the market and react quickly when conditions change.
“We are an ambitious company and believe we are the company that others look to as setting the standard within this ever-advancing sector. It’s an exciting time for Trio – I look forward to the future where I predict lots more growth and innovation.”
