OVAL MEDICAL TECHNOLOGIES LIMITED Financials
- Company number
- 06810585Copy
Copy - Registered office
- 50/60 Station Road, Cambridge CB1 2JH
- Incorporated
- 05/02/2009
Company snapshot
- Status
- Active
- Employees
- 21 (2023)
- Latest financial data
- 2023
- Accounts type
- Audit Exemption Subsidiary
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-114.35%vs 20222022: £2.87M
Total Assets
-15.07%vs 20222022: £4.29M
Cash in Bank
45.00%vs 20222022: £149.54K
Total Liabilities
184.95%vs 20222022: £1.42M
Employees
-4vs 20222022: 25
In 2023, OVAL MEDICAL TECHNOLOGIES LIMITED reported net assets of £-411.24K. The same filing shows total assets of £3.64M, cash in bank of £216.83K and total liabilities of £4.05M. Reported headcount was 21 in 2023. Net Assets fell from £2.87M in 2022 to £-411.24K in 2023 (-114.35%). Okredo holds filed figures for 2021–2023; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-114.35%from £2.87M in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures OVAL MEDICAL TECHNOLOGIES LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-107%vs 2021Cash in Bank
-89.1%vs 2021-67% a year compound (CAGR)
Total Assets
-85.4%vs 2021-61.8% a year compound (CAGR)
Total Liabilities
-63%vs 2021-39.2% a year compound (CAGR)
Employees
-69.6%vs 2021-48Biggest decrease
Net Assets-107%
£5.55M in 2021 to £-411.24K in 2023
Every indicator Okredo holds for OVAL MEDICAL TECHNOLOGIES LIMITED fell between 2021 and 2023. The steepest fall came in net assets, pointing to a weakening balance sheet, with cash in bank, total assets, total liabilities and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from OVAL MEDICAL TECHNOLOGIES LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- -11.29%2023
- Liabilities to total assets
- 111.29%2023
- Cash to liabilities
- 5.35%2023
- Cash to total assets
- 5.95%2023
Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for OVAL MEDICAL TECHNOLOGIES LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 5.55M | 2.87M | -411.24K |
| Total Assets£ | 24.99M | 4.29M | 3.64M |
| Cash in Bank£ | 1.99M | 149.54K | 216.83K |
| Total Liabilities£ | 10.95M | 1.42M | 4.05M |
| Employees | 69 | 25 | 21 |
OVAL MEDICAL TECHNOLOGIES LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has OVAL MEDICAL TECHNOLOGIES LIMITED filed financial statements?
Yes. Okredo holds filed figures for OVAL MEDICAL TECHNOLOGIES LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
What net assets did OVAL MEDICAL TECHNOLOGIES LIMITED report in 2023?
OVAL MEDICAL TECHNOLOGIES LIMITED reported net assets of £-411.24K for 2023. That compares with £2.87M in 2022, a change of -114.35%.
What total assets did OVAL MEDICAL TECHNOLOGIES LIMITED report in 2023?
OVAL MEDICAL TECHNOLOGIES LIMITED reported total assets of £3.64M for 2023. That compares with £4.29M in 2022, a change of -15.07%.
What cash in bank did OVAL MEDICAL TECHNOLOGIES LIMITED report in 2023?
OVAL MEDICAL TECHNOLOGIES LIMITED reported cash in bank of £216.83K for 2023. That compares with £149.54K in 2022, a change of 45.00%.
How many people does OVAL MEDICAL TECHNOLOGIES LIMITED employ?
OVAL MEDICAL TECHNOLOGIES LIMITED reported 21 employees in 2023, compared with 25 in 2022.
How have OVAL MEDICAL TECHNOLOGIES LIMITED financials changed over the last 3 years?
Between 2021 and 2023, OVAL MEDICAL TECHNOLOGIES LIMITED's net assets fell by 107%, cash in bank fell by 89.1%, total assets fell by 85.4% and total liabilities fell by 63%. Cash in bank contracted at 67% a year across the two years to 2023, from £1.99M to £216.83K. Reported headcount went from 69 in 2021 to 21 in 2023 (-48).
Which years of OVAL MEDICAL TECHNOLOGIES LIMITED financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.