Faradite Ltd

Faradite Ltd is a small, active company based in Woking, UK, founded nine years ago in March 2016. With £356,397 in assets and a real registered address, it’s a family-run business employing just three people. The company operates under the direction of two directors and owners, Turner Christopher and Turner Zoe. Faradite Ltd specializes in the manufacture of electronic components and offers specialised design activities. Its website, Faradite, showcases a range of smart home accessories, including motion sensors and keypads, sold directly to consumers.

The company’s website highlights a focus on high-quality, discreet automation sensors, with a blog featuring installation tips and use cases. They offer integration guides for various control systems like Control4, Lutron, and Loxone, catering to custom installers and tech-savvy homeowners. The site also promotes a newsletter and social media presence, demonstrating a commitment to customer engagement and brand building.

Financially, Faradite Ltd presents a mixed picture. Cash bank on hand decreased by 12% to £77,000, while current assets increased by 12% to £360,000. Creditors decreased by 17% to £27,000, suggesting improved debt management. However, retained earnings and accumulated losses increased by 47% to £280,000, which could indicate reinvestment or a period of lower profitability. Trade debtors decreased by 29% to £34,000, which is a good sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the equity growth warrants closer attention. The company is not audited, relying on unaudited accounts.

Overall, Faradite Ltd appears to be a growing, albeit small, company with a focus on smart home technology. While the financial picture is not without its challenges, the company’s strong online presence and focus on niche products suggest potential for continued success.

Registered in England/Wales under the registration number 10050815, with a registered address at GU21 2EP, England, Woking, Surrey, Atlantic House 102 Lower Guildford Road, Knaphill.

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