Northwest Ehealth Limited

Northwest Ehealth Limited, based in Manchester, UK, is a sizable holding company with an active status, established eight years ago. Employing 94 people and boasting assets of £4.6 million, the company generated £5.8 million in revenue last year. It’s overseen by five directors and two owners, and consistently receives a 5.0-star rating on Google based on three reviews. Northwest Ehealth is an irregular exporter, primarily dealing in electrical machinery and equipment, with a recent export operation recorded in October 2023.

The company’s website paints a picture of a tech-driven clinical trials platform. Northwest Ehealth provides healthcare data for clinical trials, leveraging real-world data to accelerate drug development and improve patient safety. It offers services ranging from feasibility studies and trial design to data analysis and real-time monitoring, utilizing proprietary technologies like FARSITE and ConneXon. The website highlights its ability to access millions of EHRs and track trial progress, enabling faster delivery of life-changing treatments.

Financially, Northwest Ehealth shows a mixed picture. Current assets increased by a substantial 61% to £4.6 million, while cash reserves also grew by 33% to £2.1 million. However, net losses widened considerably, increasing by 230% to -£3 million—a significant drain on equity. Bank borrowings surged by 1200%, reaching £65,000, and trade debtors increased by 890%, suggesting potential issues with customer payments. The company’s size (meeting two of three criteria for a large company) and a lack of auditor details (likely exempt) mean the figures are unaudited.

The increase in debt and widening losses are concerning, despite the growth in assets and cash. It’s possible these are investments in new technologies or expansion efforts, but the company will need to manage its finances carefully to ensure long-term sustainability. The strong Google rating and focus on innovative clinical trial solutions, however, suggest a promising future.

Registered in England/Wales under the registration number 10220482, with a registered address at M15 6GZ, England, Manchester, 2nd Floor, Bright Building Manchester Science Park, Pencroft Way.

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