Heartfelt Technologies Ltd

Heartfelt Technologies Ltd from Cambridge UK is a small, active company founded nine years ago. With fourteen employees and £662,301 in assets, it’s a modest operation led by eight directors, though curiously, no owners are officially listed. The company boasts a perfect 5.0 Google rating based on a single review, and is an irregular importer, having imported goods for just one month in 2021.

Heartfelt Technologies focuses on developing and deploying a non-contact telemonitoring solution for heart failure patients. Their device, which automatically measures foot volume, aims to predict worsening heart failure and allow for timely intervention, potentially avoiding costly hospital readmissions. The company’s website highlights the device's AI-powered analysis and passive monitoring capabilities, emphasizing its potential to improve patient care and reduce healthcare costs. They operate in the research and experimental development on natural sciences and engineering industries.

Financially, Heartfelt Technologies shows a mixed picture. Cash bank on hand increased by a healthy 38% to £480,000, and current assets grew by 19% to £660,000. However, net assets increased by 16% to £4,000,000, and debtors decreased by 13% to £180,000. Creditors also increased by 5.1% to £110,000. The company’s small size – meeting two of three criteria for a small company – allows for agility, but the increase in creditors suggests a need to manage short-term liabilities. The company is exempt from an audit, so the numbers are unaudited. The company’s retained earnings accumulated losses increased significantly, from -£61,000 to £170,000, which is a positive sign.

Registered in England/Wales under the registration number 09821983, with a registered address at CB4 0WG, England, Cambridge, Unit 320, Cambridge Science Park, Milton Road.

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