Lotek Uk Ltd

Lotek UK Ltd, based in Wareham, Dorset, is a small holding company with an active status, celebrating 31 years in business. Employing 34 people, the company holds assets worth £3,463,923. It’s a regular importer and exporter of electrical machinery and equipment, with 207 months of import activity and 197 months of export activity recorded. The company is owned by Lotek Wireless Inc. and managed by directors Lotimer David, Lotimer David, and Cresswell Brian Herbert.

The company's primary focus appears to be the design and manufacture of animal monitoring equipment, as evidenced by its website. It offers a wide range of products, including geolocators, radio transmitters, acoustic tags, and archival data loggers, catering to various applications in avian, terrestrial, marine, and freshwater environments. The website’s structure suggests a business model centered around direct sales and technical support, rather than a traditional retail operation. It offers a variety of products and services, including GPS tracking, acoustic monitoring, and archival data logging, all geared towards researchers and conservationists.

Financially, Lotek UK Ltd shows a mixed picture. While net assets increased by 3.1% to £3.1 million, cash reserves also grew by 13% to £2.5 million, indicating a healthy liquidity position. However, bank borrowings remained consistent at £19,000. Trade debtors decreased by 43%, which could be a positive sign of improved collections, but also suggests a reduction in sales. Creditors also decreased by 50%, which is a good sign of better 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) helps it maintain agility, but the slight increase in average employees to 37, suggests a possible need for additional resources. The unaudited figures rely on director-reported data, and no auditor is mentioned, likely due to its status as a small company.

Registered in England/Wales under the registration number 02895873, with a registered address at BH20 4PL, Wareham, Dorset, The Old Courts, Worgret Road.

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