Createc Ltd

Createc Ltd, based in Cockermouth, UK, is a small holding company with an active status, having been founded fourteen years ago in 2010. The company employs fifty-nine people and holds assets worth £3,808,565. It has a real registered address and is overseen by five directors and two owners. Createc regularly imports electrical machinery and equipment (seven months of import activity), and irregularly exports optical and medical tools and devices (two months of export activity).

The company positions itself as an “innovation engine,” bringing together imagination, research, development, and entrepreneurialism to drive growth through technology. It focuses on the commercial potential of ideas, creating solutions for real-world applications. Createc works with global brands, businesses, and universities, resolving technological challenges and driving them to commercial applications. It has three specialist laboratories and a team of over thirty scientists and technicians, with skills in robotics, electronics, imaging, engineering, AI, and software. The company has also launched two spin-out companies: Sportlight Technology (sports analytics) and Createc Robotics (advanced robotics systems).

Financially, Createc Ltd presents a mixed picture. Current assets increased by 36% to £3,800,000, while net assets grew by 15% to £3,600,000. Bank borrowings decreased by 5.1% to £10,000, and cash reserves increased by 18% to £1,100,000. Creditors increased by a significant 230%, reaching £1,500,000, which may indicate increased investment or expansion. Trade debtors increased by 78% to £2,300,000, suggesting a focus on sales growth. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The unaudited financial statements, which are exempt from an audit due to its small size, don't mention an auditor.

Despite the growth in assets and cash, the substantial increase in creditors and debtors suggests a need to carefully manage working capital. The company's focus on innovation and spin-out ventures, alongside its established technology expertise, indicates a potentially high-growth trajectory, but also carries inherent risks.

Registered in England/Wales under the registration number 07293648, with a registered address at CA13 0HT, Cockermouth, Cumbria, Unit 4 Derwent Mills Commercial Park.

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