Unyte Health Ltd

Unyte Health Ltd, based in Market Harborough, UK, is a small holding company with an active status. Founded eight years ago in 2017, the company employs just two people and holds £101 in assets. It operates from a virtual address, managed by two directors and one owner.

The company’s website reveals a focus on the rapidly evolving cannabis-based medicine sector. Unyte Medical, part of the larger Unyte Group, positions itself as a key player, specializing in every level of the industrial hemp and cannabis industries. The group boasts a team of specialists, including industry leaders, agronomists, and doctors, cultivating 240 acres of industrial hemp within the UK. Their plans include licensing for high THC cultivation and actively seeking partners, particularly industry experts, distributors, and manufacturers. They’re looking to enable access to people who could benefit from their products.

Financially, Unyte Health Ltd shows some concerning trends. While the company's net assets are relatively stable, current assets have increased dramatically from just £1 to £100. However, accumulated amortisation impairment intangible assets increased by 26%, and depreciation impairment property plant equipment rose by 9.2%. Bank borrowings have also increased, and cash reserves are low. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the decline in equity and the reliance on director loans are worth noting. With no auditor mentioned, the financial statements are unaudited.

Overall, Unyte Health Ltd appears to be a small, ambitious company navigating the complexities of a burgeoning market. Whether it can sustain its growth and turn a profit remains to be seen.

Registered in England/Wales under the registration number 10640182, with a registered address at LE16 7WB, England, Market Harborough, Harborough Innovation Centre, Airfield Business Park.

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