PRECISION HEALTHTECH LTD Financials
- Company number
- 10996079CopyCopy
- Registered office
- 89 High Street, Hadleigh, Ipswich, Suffolk IP7 5EA
- Incorporated
- 04/10/2017
Company snapshot
- Status
- Active
- Employees
- 26 (2024)
- Latest financial data
- 2024
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
0.76%vs 20232023: £1.16M
Total Assets
-32.79%vs 20232023: £5.60M
Cash in Bank
-4.87%vs 20232023: £2.29M
Total Liabilities
-41.55%vs 20232023: £4.44M
Employees
-23vs 20232023: 49
In 2024, PRECISION HEALTHTECH LTD reported net assets of £1.17M. The same filing shows total assets of £3.77M, cash in bank of £2.18M and total liabilities of £2.60M. Reported headcount was 26 in 2024. Total Liabilities fell from £4.44M in 2023 to £2.60M in 2024 (-41.55%). Okredo holds filed figures for 2021–2024; 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
0.76%from £1.16M in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures PRECISION HEALTHTECH LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+65%vs 2022+28.5% a year compound (CAGR)
Cash in Bank
+11.3%vs 2022+5.5% a year compound (CAGR)
Total Assets
-27.1%vs 2022-14.6% a year compound (CAGR)
Total Liabilities
-41.8%vs 2022-23.7% a year compound (CAGR)
Employees
-72.6%vs 2022-69Biggest increase
Net Assets+65%
£708.45K in 2022 to £1.17M in 2024
Biggest decrease
Employees-72.6%
95 in 2022 to 26 in 2024
PRECISION HEALTHTECH LTD's filings pull in both directions between 2022 and 2024. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in employee numbers, pointing to a smaller workforce. See the full year-by-year figures.
Ratios from the filed figures
Calculated from PRECISION HEALTHTECH LTD'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
- 31.05%2024
- 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.
- Liabilities to total assets
- 68.95%2024
- 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.
- Cash to liabilities
- 83.99%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 57.91%2024
- 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 PRECISION HEALTHTECH LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 616.15K | 708.45K | 1.16M | 1.17M |
| Total Assets£ | 6.11M | 5.17M | 5.60M | 3.77M |
| Cash in Bank£ | 871.05K | 1.96M | 2.29M | 2.18M |
| Total Liabilities£ | 5.49M | 4.46M | 4.44M | 2.60M |
| Employees | 60 | 95 | 49 | 26 |
PRECISION HEALTHTECH LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for PRECISION HEALTHTECH LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
PRECISION HEALTHTECH LTD reported net assets of £1.17M for 2024. That compares with £1.16M in 2023, a change of 0.76%.
PRECISION HEALTHTECH LTD reported total assets of £3.77M for 2024. That compares with £5.60M in 2023, a change of -32.79%.
PRECISION HEALTHTECH LTD reported cash in bank of £2.18M for 2024. That compares with £2.29M in 2023, a change of -4.87%.
PRECISION HEALTHTECH LTD reported 26 employees in 2024, compared with 49 in 2023.
Between 2022 and 2024, PRECISION HEALTHTECH LTD's net assets rose by 65%, cash in bank rose by 11.3%, total assets fell by 27.1% and total liabilities fell by 41.8%. Net assets compounded at 28.5% a year across the two years to 2024, from £708.45K to £1.17M. Reported headcount went from 95 in 2022 to 26 in 2024 (-69).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.