Better Health Limited

Better Health Limited, based in Newcastle Upon Tyne, UK, is a small, active company founded thirteen years ago. With nine employees and £1,138,151 in assets, it operates from a real address and is led by two directors and one owner. The company regularly imports plastics and plastic products (5 months), and irregularly exports soaps, cleaning products, and waxes (2 months).

The company’s website reveals a focus on health insurance, life cover, and critical illness insurance in Hong Kong. It positions itself as a provider of access to better medical care, offering a range of insurance options and emphasizing service and expertise. The site includes contact information and downloadable guides, suggesting a direct sales approach. It’s clear that Better Health Limited isn's an ecommerce site, but rather a brokerage offering insurance products.

Financially, Better Health Limited’s report shows some concerning trends. Creditors increased significantly by 53%, reaching £370,000, while cash reserves decreased by a substantial 5700%, leaving just £29,000. Bank borrowings also decreased by 17%, which could be a positive sign of better debt management. Despite this, net assets plummeted 89%, landing at -£770,000. While the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), the sharp decline in equity suggests potential financial strain. The report doesn't mention an auditor, likely due to its small size.

The company’s reliance on shareholder and loan funding, as noted in the report, indicates a need for external support to maintain operations. While the business appears to be actively engaged in sales and customer outreach, the financial data suggests a need to carefully manage expenses and secure additional funding to ensure long-term sustainability.

Registered in England/Wales under the registration number 07897317, with a registered address at NE3 1DH, England, Newcastle Upon Tyne, Tyne & Wear, C/O Wonderstuff 1 Salters Road, Gosforth.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.