Cre8ic Ltd

Cre8ic Ltd, based in Stokesley, UK, is a small, active company founded seven years ago. With 12 employees and £2,179,475 in assets, it’s a solo-founded operation led by four directors and one owner. The company is irregular importer of toys, games, and sports equipment, with just two months of import activity recorded as of June 2024.

The company’s website paints a picture of a driven team pioneering new products across multiple categories. It describes itself as a startup at its core, specializing in robust intellectual property to protect products and guarantee returns on research and development (RD) investment. The site emphasizes agility and fast iteration, investing in machining and prototyping equipment to avoid supplier lead times. It’s clear they’re aiming for a nimble, innovative approach.

Financially, Cre8ic Ltd shows some concerning trends. While cash reserves increased significantly by 320% to £1,600,000, net assets decreased by 64% to -£1,100,000. This suggests the company is burning through cash despite the increase in reserves. Bank borrowings also increased, reaching £10,000, and creditors have increased to £1,600,000. 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 agile, but the equity drop raises questions. Depreciation on plant machinery increased by 76%, suggesting increased investment in equipment, but also potentially higher operating costs. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Cre8ic Ltd appears to be investing heavily in its RD activities, but it’s also facing financial pressure. The company’s focus on intellectual property and agile development suggests a long-term vision, but it will need to manage its cash flow carefully to sustain its growth.

Registered in England/Wales under the registration number 10945169, with a registered address at TS9 5JZ, England, Stokesley, North Yorkshire, 5 Ellerbeck Way, Stokesley Business Park.

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