Ibex Innovations Ltd

IBEX Innovations is focused on supporting healthy aging through early osteoporosis diagnosis. The Bone Health Company, based in the UK, aims to provide routine access to osteoporosis diagnosis using a novel approach involving standard X-rays. Their technology, IBEX BH, automatically reports fracture risk from routine radiology scans, requiring no changes to existing imaging hardware or protocols. Clinical studies have proven its ability to identify bone mineral density loss from a single X-ray, and endorsements from leading rheumatologists and the Royal Osteoporosis Society highlight its potential to improve patient outcomes and facilitate earlier intervention.

IBEX Innovations operates primarily as a technology provider, not an e-commerce business. Their website serves as a platform to showcase their core technology, IBEX BH, and its benefits. It’s a content-rich site, detailing the science behind the technology, presenting clinical evidence, and featuring testimonials from experts in the field. The site includes sections dedicated to “Bone Health,” “About,” “Careers,” “News,” and “Contact,” demonstrating a focus on both technical innovation and customer engagement. There's no indication of direct sales or online transactions; instead, the website appears designed to generate leads and build awareness among healthcare professionals and potential partners.

Financially, IBEX Innovations presents a mixed picture. While cash reserves increased significantly by 130% to £580,000, other key metrics raise concerns. Net assets plummeted by 83% to just £130,000, and the company’s equity has decreased substantially. Creditors have surged by 440% to £1.4 million, and net current assets and liabilities have swung from a positive £600,000 to a negative £350,000. This suggests a reliance on external funding, possibly through convertible bonds, which have increased dramatically to £1.2 million. The number of employees has also decreased by 29% to 25. Although the company’s Corporation Tax Recoverable has decreased by 47%, the fact that the company is generating a loss of £1.3 million, and is facing a material uncertainty regarding its ability to continue as a going concern, is a worrying trend. The company’s auditor, Azets Audit Services, has noted this uncertainty in their report.

Registered in England/Wales under the registration number 07208355, with a registered address at TS21 3FD, England, Stockton-On-Tees, Netpark Plexus Thomas Wright Way, Sedgefield.

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