Oysta Technology Ltd

Oysta Technology Ltd, based in Loughborough, UK, is a small, holding company with an active status, having been founded seventeen years ago in 2008. The company employs eighteen people and holds £1,775,031 in assets, operating from a virtual address shared by fifty-eight other companies. It's led by four directors and has one owner. Oysta regularly imports and exports electrical machinery and equipment—nineteen months of imports and thirteen months of exports recorded, the latest in July 2024.

The company's website reveals a focus on technology-enabled care solutions, primarily targeting healthcare providers, commissioners, and carers. It offers a range of devices and platforms, including OystaCare, Oysta Rio, and IntelliCare, designed to support independent living and provide remote monitoring. The site highlights partnerships with local authorities and care providers, emphasizing cost savings and improved care outcomes. A key selling point is its "IntelliCare" platform, which collects and collates live information to keep the care circle connected.

Financially, Oysta Technology Ltd shows a mixed picture. Current assets decreased by 16% to £1,800,000, while net assets remained relatively stable at £1,900,000. Bank borrowings stayed consistent at £2,700, and cash reserves dropped significantly, falling 100% to zero. Trade debtors increased dramatically, rising 120% to £1,800,000, which might suggest a shift in payment terms or increased sales on credit. Creditors decreased slightly by 93%, which is a positive sign for debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. With no auditor mentioned, the figures are unaudited.

Overall, Oysta Technology Ltd appears to be navigating a period of change. While its core business of providing care technology solutions seems to be active, the financial data reveals some challenges, particularly the sharp decline in cash reserves. The increase in trade debtors could be a temporary fluctuation or a sign of longer-term pressures.

Registered in England/Wales under the registration number 06511451, with a registered address at LE11 3QF, England, Loughborough, Armstrong Building Oakwood Drive, Loughborough University Science & Enterprise Park.

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