Precision Healthtech Ltd

Healthy.io Healthcare Ltd, based in London, UK, is a sizable company with an active status, established seven years ago in 2017. Employing 49 individuals, it holds £5,537,466 in assets and generates £4,649,975 in yearly revenue. Despite a registered address, it’s flagged as a virtual address, as 299 companies share the same location. The company operates with one director and has no listed owners. Regular imports of miscellaneous chemical products have occurred over the last six months.

The company's core business revolves around healthcare technology, specifically offering solutions for early detection and management of kidney disease, wound care, and urinary tract infections. Its website highlights "minuteful" testing—allowing patients to conduct tests at home using a smartphone—and offers clinical-grade results shared with healthcare professionals. They’re targeting unmet needs, like early detection of kidney disease, and providing scalable solutions for UTIs. Their technology integrates colorimetric analysis, computer vision, and AI to transform smartphones into clinical-grade medical devices.

Financially, Healthy.io Healthcare Ltd presents a mixed picture. While current assets increased by 10% to £5,500,000, net assets decreased by 13% to £1,200,000. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company’s size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity drop raises questions. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

The company’s focus on innovative healthcare solutions and its partnerships with healthcare systems globally suggest a strong potential for growth. However, the financial data indicates a need for careful management of cash flow and debt.

Registered in England/Wales under the registration number 10996079, with a registered address at IP7 5EA, England, 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.
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