Cotec Technology Limited

Cotec Technology Limited, based in Cleveland, UK, is a small, active company founded 23 years ago. With six employees and £119,740 in assets, it operates from a real address and is overseen by two directors and two owners. The company is an irregular importer, primarily dealing with optical and medical tools and devices, with its last import activity recorded one month ago.

Cotec Technology’s core business revolves around the design and manufacture of electronic measuring and testing equipment, specifically targeting the rail transport sector. Its flagship product, the C31 Live Line Tester, is designed for use on overhead electrified systems, indicating the presence of traction voltage. The company also offers a C31e development tool for accessing internal activity logs and provides calibration and repair services. Its website showcases a global reach, serving industries like renewables, nuclear power generation, and oil and gas exploration.

Financially, Cotec Technology Limited exhibits concerning trends. Current assets have decreased by 32%, dropping to £120,000, while net assets have plummeted 54%, settling at £67,000. Bank borrowings have been reduced, however, cash reserves have fallen dramatically by 82%, leaving just £16,000. Trade debtors have increased, suggesting potential issues with customer payments. The company’s small size (meeting two of three conditions for being classified as small) helps it remain flexible, but the significant decline in equity is a cause for concern. As a small company, Cotec Technology is exempt from an audit, and its financial statements are unaudited.

Registered in England/Wales under the registration number 04366510, with a registered address at TS14 6AF, Cleveland, 1 Sunwin Units, Guisborough.

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