Katrick Technologies Limited

Katrick Technologies Ltd from Glasgow, UK, is a small, active company founded eight years ago in 2016. Employing twenty people and holding £486,172 in assets, it operates from a real address and is overseen by five directors and one owner. Google users rate it 4.0 out of 5 based on five reviews. The company irregularly imports electrical machinery and equipment, with the last import occurring over two years ago.

Katrick Technologies positions itself as an innovator in the zerocarbon technology market, focusing on renewable energy solutions. Its website highlights wind panel technology for generating power and a passive cooling system for data centres—both patent-protected. The company has won several awards, including recognition from the National Sustainability Awards and Barclays Entrepreneur Awards, and is listed among PwC’s Net Zero Future50 companies. It also explores vibrational power, partnering with Strathclyde University. The company's website also mentions a showroom in Harrods, London.

Financially, Katrick Technologies shows a mixed picture. While current assets increased by 47% to £490,000, equity plummeted 13% to -£830,000, a significant loss. Bank borrowings surged 920% to £80,000, and cash reserves jumped 1300% to £340,000. Creditors decreased by 26%, suggesting improved debt management. 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 it to be flexible, but the equity loss is concerning. No auditor is mentioned, which is typical for a small company.

Overall, Katrick Technologies appears to be burning through money despite its innovative products and positive recognition. The significant increase in bank borrowings suggests a need for external funding, and the negative equity raises questions about its long-term financial health. The company's focus on zerocarbon technologies and its awards are positives, but it needs to address its financial situation to ensure its continued success.

Registered in Scotland under the registration number SC551030, with a registered address at G1 1RE, Scotland, Glasgow, Glasgow City, The Garment Factory, Suite 7, 10, Montrose Street.

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