Jaltek Systems Limited

Jaltek Systems Ltd, based in Luton, UK, is a large holding company with an active status, established 36 years ago. Employing 93 people, the company holds £17,130,353 in assets and generates £15,619,883 in yearly revenue. With four directors and one owner, it maintains a 3.0 Google rating based on six reviews. Jaltek is a regular importer of electrical machinery and equipment, and a regular exporter of optical and medical tools and devices.

The company’s website describes Jaltek as providing electronics manufacturing solutions through technology and partnership. They offer a comprehensive suite of services, from design and product development to supply chain management, manufacturing, testing, and aftercare. Key sectors served include automotive, clean energy, defence, medical, and space. They emphasize a collaborative approach, working closely with customers to optimize designs and reduce manufacturing costs. The site also highlights their commitment to quality and certifications, showcasing partnerships and a focus on British Standards Institution (BSI) accreditation.

Financially, Jaltek Systems Ltd presents a mixed picture. While revenue remained steady, several key metrics have shifted. Accumulated depreciation on plant and machinery remained constant, but administrative expenses increased by 14%, reaching £3.4 million. Cash bank on hand saw a significant jump, rising 64% to £150,000. However, accrued liabilities deferred income decreased by 45%, and director remuneration increased by 37% to £180,000. Trade debtors increased by 25% to £4.1 million, while creditors decreased by 18%. The company is considered large, meeting two of three criteria: turnover more than £36 million, balance sheet total more than £18 million, and employees more than 250. The lack of an auditor is not surprising, given its size.

Overall, Jaltek Systems Ltd appears to be a well-established player in the electronics manufacturing sector, but the financial data suggests some areas requiring attention, such as managing increased administrative costs and ensuring timely collection of receivables. The company’s focus on partnerships and quality, combined with its extensive service offerings, positions it for continued success—although careful financial management will be crucial.

Registered in England/Wales under the registration number 02312905, with a registered address at LU3 3HP, Luton, Bedfordshire, Unit 13 Sundon Business Park, Dencora Way Sundon Park.

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