Iq Health Ltd

Iq Health Ltd, based in Brentford, UK, is a small, active company founded 14 years ago. With just two employees and £2,379 in assets, it's a modest operation overseen by two directors and a single owner. The company's registered address is real, with only one other business registered at the same location.

The core of Iq Health Ltd's business revolves around healthcare technology, specifically chemotherapy prescribing and patient care. Its iQemo system is a cloud-based solution designed to streamline the chemotherapy treatment cycle, offering end-to-end electronic administration and recording for cancer treatment providers. The company emphasizes its focus on refining chemotherapy management, offering modular and configurable tools, and integrating with existing hospital systems and medical devices. They even provide resources like managing drug shortages and biosimilar switching guidance. Customer testimonials highlight the system's ease of use compared to competitors.

Financially, Iq Health Ltd’s recent performance presents a mixed picture. Cash bank on hand has fallen significantly, dropping 75% to just £880. Current assets have also decreased, falling 59% to £2,400. However, trade creditors have fallen by 53%, suggesting some improvement in debt management. The company’s equity has declined considerably, increasing 48% to -£40,000. Bank borrowings have also decreased, falling 19% to £7,400. While the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the decline in equity and cash reserves suggests it may be burning through money. With no auditor mentioned, the financial statements are unaudited. The company's focus on a niche market within healthcare—chemotherapy management—may offer stability, but the financial challenges need to be addressed for long-term success.

Registered in England/Wales under the registration number 07274339, with a registered address at TW8 9DN, England, Brentford, Westlink House, Suite G17, 981 Great West Road.

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