Chiptech International Limited

Chiptech International Ltd, based in Lancaster, UK, is a small, active company founded six years ago in 2019. With twelve employees and £9,200,981 in assets, it operates from a real address and is led by two directors and a single owner, the solo founder. The company regularly imports optical and medical tools and devices, with nine months of import activity recorded, the last in November 2020.

The company’s website reveals a focus on digital telecare and personal safety products. Chiptech designs and manufactures these products, catering to individuals seeking to maintain their health, independence, and safety. The company operates offices in the UK and New Zealand and positions itself as a leading provider of digital monitored personal alarms. Its product range includes assistive technology, lone worker devices, and personal safety devices like the Chiptech GO, which features GPS location and fall sensing capabilities. The website also highlights recent innovations, including VoLTE enabled telecare solutions and continued sponsorship of the International Technology Enabled Care Conference (ITEC).

Financially, Chiptech International Ltd shows some interesting trends. Cash bank on hand increased significantly by 220%, reaching £3,600,000, while creditors rose by 120% to £3,900,000. Trade debtors also increased substantially, up 120% to £4,900,000. Net assets, however, increased by 110% to £5,200,000. The number of employees reported increased by a remarkable 92%, from twelve to twenty-three. 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 stay nimble, but the increase in debtors suggests a need to manage cash flow. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Chiptech International Ltd appears to be growing, but the increase in debt needs to be monitored. The company's focus on telecare and personal safety, combined with its innovative products, positions it well for continued success, but managing its financial health will be key.

Registered in England/Wales under the registration number 11928721, with a registered address at LA1 1PW, England, Lancaster, Palatine Hall, Dalton Square.

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