Precision Healthcare Limited

Precision Healthcare Ltd, based in Ipswich, UK, is a small, active company founded 23 years ago. With just two employees and £552,109 in assets, it operates from a virtual address shared by several other businesses, a detail that raises some questions. The company has three directors and two owners, although the list of owners changed nine years ago. Precision Healthcare regularly imports and exports essential oils and perfumes, with 7 months of import activity and 3 months of export activity recorded.

The company’s website highlights a passion for health and offers high-quality, safe products aimed at promoting a long and healthy life. It operates both in the UK and Ireland, with a UK address on High Street in Hadleigh and an Irish address in Kinsale. The website also mentions a focus on "proven by science" and "derived from nature," suggesting a commitment to quality and efficacy.

Financially, Precision Healthcare Ltd presents a mixed picture. Current assets have decreased by 19%, dropping to £550,000, while net assets have also declined, falling 2.3% to -£890,000. Bank borrowings have decreased by 31%, reaching £22,000, and cash reserves have fallen by 4.5% to £79,000. Creditors have decreased by 8.5%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the negative equity is a concern. The company is exempt from an audit, so the figures are unaudited.

The company’s significant losses and negative equity suggest it's burning through money, a common challenge for startups. While the import/export activity indicates ongoing business, the financial data suggests a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 04328147, with a registered address at IP7 5EA, Ipswich, Suffolk, 89 High Street Hadleigh.

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