Fonix Telematics Limited

Fonix Telematics Ltd, based in Chelmsford, UK, is a small, active company founded fifteen years ago in 2009. Employing five people, it holds £562,831 in assets and operates from a real address. The company is a family business, led by a solo founder and overseen by one director and two owners. It boasts a perfect 5.0 Google rating based on a single review. Fonix Telematics is a regular importer of electrical machinery and equipment, with 51 months of import activity recorded, the latest in February 2025.

The company’s website positions it as an innovator in vehicle telematics, tracking, and in-vehicle video monitoring. It offers a range of solutions including fleet management, lone worker safety, and data analytics, catering to businesses seeking to optimize their operations and enhance safety. The site highlights advanced software, reliable hardware, and UK-based customer support, emphasizing long-term partnerships and industry expertise. The company even offers custom integration options and development services, suggesting a focus on tailored solutions.

Financially, Fonix Telematics Ltd presents a mixed picture. Current assets increased by a substantial 83%, reaching £560,000, while net assets grew by 26% to £160,000. However, bank borrowings decreased by 69%, dropping to £27,000, and cash reserves increased by a significant 290%, reaching £360,000. Creditors also decreased by 120%, falling to £550,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp decrease in creditors is a little unusual. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Fonix Telematics Ltd appears to be financially stable, with strong asset growth and a healthy cash position. The company’s focus on innovation and customer service, combined with its flexible solutions, suggests a promising future—although keeping a close eye on those creditor levels would be wise.

Registered in England/Wales under the registration number 06942257, with a registered address at CM2 5LB, England, Chelmsford, Essex, Kingfisher House, 19 Springfield Lyons Approach.

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