Lockertek Ltd

Lockertek Ltd, based in Norwich, UK, is a small, active company founded 13 years ago. With five employees and £418,232 in assets, it’s a family-run business operating from a real address. Two directors and two owners manage the company, which runs an e-commerce site. Lockertek regularly imports miscellaneous metal items—17 months worth—and has also exported them for three months.

The company's website showcases a wide range of lockers, locks, and related accessories. It’s clear that Lockertek is a major supplier, offering everything from school lockers to specialized charging lockers. The site also highlights services like locker site surveys, bespoke locker designs, and even locker wrapping—a comprehensive approach to the locker market. A recent announcement states the office will be closed from April 16th until April 22nd.

Financially, Lockertek’s numbers present a mixed picture. While current assets increased by 11% to £420,000, net assets decreased by 15% to £130,000. Bank borrowings increased significantly, rising by 42% to £3,800, and cash reserves dropped 3.5% to £220,000. Creditors also increased by 33%, reaching £280,000. The company’s size—meeting two of three conditions for being a small company—allows for flexibility, but the decrease in equity is something to keep an eye on. Depreciation charges for motor vehicles increased dramatically, by 520%, which could indicate a significant investment in new vehicles. As a small company, it’s likely Lockertek is exempt from an audit, so the financial statements aren’t independently verified.

Overall, Lockertek appears to be a stable, albeit smaller, player in the locker market, but the recent financial trends suggest some challenges ahead.

Registered in England/Wales under the registration number 07774684, with a registered address at NR16 2JU, England, Norwich, Unit 1f Harling Road, Snetterton.

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