Onsky Ltd

Onsky Health, based in London, UK, is a small, active company founded five years ago. Despite its active status, the company’s accounts are currently overdue by five months, and it employs just two people. With £32,458 in assets and a real address, it’s a solo founder operation led by one director and owner, Ionescu Cristina Eleonora.

The company’s focus is on remote patient monitoring and chronic disease care, offering a contactless health sensor called SkyPad. This device, marketed towards elderly individuals and homecare patients, continuously monitors vital signs like heart rate and breathing, transmitting data to a mobile app for caregivers. The website showcases a range of features, including sleep tracking, emergency alerts, and even sleep aid sound and light technology. It’s clear Onsky Health is targeting a growing market for at-home healthcare solutions.

Financially, Onsky Health presents a concerning picture. Net assets have plummeted by a staggering 92% to just £650, and cash reserves have fallen 39% to £18,000. Bank borrowings have decreased by 23%, but the sharp decline in equity is a significant red flag. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the financial strain is evident. Trade debtors have decreased, suggesting better debt management, but the overall trend points to a company struggling to maintain its financial health. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

It seems Onsky Health is burning through money, despite its innovative product. Whether the company can turn things around and capitalize on the growing demand for remote patient monitoring remains to be seen—but for now, it’s facing a challenging financial situation.

Registered in England/Wales under the registration number 12388806, with a registered address at E18 1NA, England, London, 143 Onslow Gardens.

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