Mydementia Improvement Network Ltd

MyDementia Improvement Network Ltd, based in Sale, UK, is a small, active company founded eleven years ago in 2014. With seventeen employees and £1,657,570 in assets, it operates from a virtual address and is led by a solo founder who also serves as director and owner. The company regularly imports electrical machinery and equipment, with five months of import activity recorded, and occasionally exports similar items, with two months of export activity.

The company’s website, My Improvement Network, focuses on providing person-centered care, particularly through its RITA technology. RITA is a reminiscence interactive therapy activity system aimed at augmenting care for older people, those living with dementia, mental health conditions, and learning difficulties. It’s supplied to over 1000 care facilities across the UK, including hospitals, care homes, and councils. The website highlights reported benefits like reduced falls, decreased reliance on medication, and improved patient and staff experiences. Testimonials from clients emphasize RITA’s positive impact on residents and staff, with one quote stating it’s “probably one of the best things I have ever used in a nursing home.” The website also includes news and case studies, demonstrating the company's ongoing development and client success.

Financially, MyDementia Improvement Network Ltd shows some concerning trends. While investments fixed assets increased by 71%, cash reserves plummeted 83% to £210,000. Bank borrowings surged by 240%, reaching £26,000, and net assets declined sharply by 91% to £88,000. Trade creditors also increased by 270%, suggesting potential challenges in managing short-term liabilities. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant equity decrease raises questions about its financial health. As a small company, it is exempt from an audit, so the financial statements are unaudited. The company's reliance on a single founder may also present a risk, although it’s unclear if this impacts operations.

Registered in England/Wales under the registration number 08853001, with a registered address at M33 3SD, United Kingdom, Sale, Cheshire, 5 Brooklands Place, Brooklands Road.

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