Identec Limited

Identec Ltd, based in Houghton Le Spring, UK, is a small, active company established 30 years ago. With six employees and £623,537 in assets, it's a long-standing business led by a solo founder and overseen by three directors. The company operates from a real address and has one owner, Gary Vasey. Identec is a regular importer and exporter of electrical machinery and equipment, with 114 months of import activity and 17 months of export activity, the latest in November 2024.

Identec Solutions specializes in wireless technology, focusing on asset tracking and management across various industries. Its website showcases a range of solutions, including Asset Agent for smart factories, Crew Companion for safe mining and marine operations, and Reefer Runner for refrigerated container management. The company’s offerings cater to industries like oil and gas, marine, mining, and smart factories, with a global reach and a focus on efficiency and safety. The website also features a blog with industry insights and success stories, and a clear call to action for potential clients.

Financially, Identec Ltd’s recent performance presents a mixed picture. Current assets have decreased by 6%, falling to £620,000, while net assets have also declined by 8.3%, reaching £530,000. Cash reserves have taken a hit, dropping 22% to £250,000. Trade debtors have also fallen by 7.9%, and bank borrowings have increased. The company's small size (meeting two of three conditions for being classified as small) allows for agility, but the decline in equity suggests potential challenges. The lack of an auditor mentioned likely means the accounts are unaudited.

Overall, Identec Ltd appears to be a stable, long-standing business navigating a competitive market. While recent financial figures indicate some pressure, its focus on innovative wireless solutions and global reach positions it for continued success.

Registered in England/Wales under the registration number 03043507, with a registered address at DH4 5PH, England, Houghton Le Spring, Tyne & Wear, 5 Mercantile Road, Rainton Bridge Ind Est.

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