Commtel Innovate Limited

Commtel Innovate Ltd, based in Corby, UK, is a small, active company founded fourteen years ago in 2011. With four employees and £71,552 in assets, it’s a solo-founded operation managed by two directors. The company imports machinery, boilers, and mechanical appliances – parts, though import activity has been irregular, with the last operation recorded in 2018. It operates from a real address shared by four other companies, suggesting a small business park environment.

Commtel Innovate’s website highlights its focus on innovative product design and manufacturing. The company offers custom product development, procurement, and manufacturing services, catering to individuals, startups, and international corporations. It even has a section showcasing accessories and a partnership with AOC for HDMI adaptors. The website also promotes a piano restoration business, 1066 Pianos, which operates independently from Commtel Innovate.

Financially, Commtel Innovate presents a mixed picture. Current assets have increased significantly, jumping 750% to £72,000, while cash reserves have exploded, rising 730% to £26,000. However, net assets have decreased by 6%, settling at -£690,000. Debtor levels have also increased dramatically, rising 750% to £45,000, which may indicate a shift towards credit sales or delayed customer payments. Bank borrowings have increased by 2,400% to £29,000. The company’s small size—meeting two of three criteria for being classified as small—allows for agility, but the decline in equity raises questions about long-term sustainability. As a small company, it is exempt from an audit, so the financials are unaudited.

Overall, Commtel Innovate appears to be navigating a period of change, with increased activity but also some financial pressures. The dual focus on product design and manufacturing, alongside the piano restoration business, creates a unique profile, but the company’s ability to sustain growth will depend on managing its financial position effectively.

Registered in England/Wales under the registration number 07556912, with a registered address at NN17 5EU, Corby, Northamptonshire, Corby Enterprise Centre London Road, Priors Hall.

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