Impaq Technologies Limited

Impaq Technologies Ltd, based in Aberdeen, UK, is a small holding company with an active status. Founded six years ago in 2018, it employs just two people and holds £153,452 in assets. Operating from a virtual address—where 277 companies are registered—the company is overseen by two directors and one owner. Impaq Technologies regularly imports and exports electrical machinery and equipment, with five months of activity recorded for both.

The company’s website reveals a focus on bespoke subsea motor control solutions, particularly for commercial midwater and deepwater operations. It's a business that manufactures and sells portable, all-electric diver and ROV tools, alongside offering rental equipment and subsea electric tooling. The website also highlights a history of over 25 years in the underwater industry, with a focus on high-quality products and professional services. It's clear Impaq Technologies is targeting a niche market within the marine engineering sector.

Financially, Impaq Technologies presents a mixed picture. While cash reserves increased by a healthy 75% to £50,000, current assets declined by 13% to £150,000. Bank borrowings decreased by 29% to £24,000, which is a positive sign, but net assets fell 49% to -£160,000—a significant drop. Trade debtors decreased by 34%, suggesting improved collections, but creditors increased by 14% to £300,000. The company’s small size (meeting two of three criteria for being small) allows for agility, but the decrease in equity is concerning. As a small company, it is exempt from an audit, so the figures are unaudited.

The sharp drop in equity suggests Impaq Technologies may be burning through cash to fuel growth, or perhaps facing increased costs. The company’s focus on specialized subsea tooling and its long history in the industry, however, provide a foundation for future success.

Registered in Scotland under the registration number SC614596, with a registered address at AB10 1YL, United Kingdom, Aberdeen, 28 Albyn Place.

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