Loyaltek Uk Ltd

Loyaltek UK Ltd is a small, active company based in Durham, UK, founded three years ago in 2021. The company, with just one director and owner (a solo founder), holds £22,791 in assets and operates from a virtual address shared by 203 other companies. It's a private limited company with a real registered address and a status of active. Loyaltek UK Ltd is involved in the other information technology service activities industries.

The company's website highlights a broader group, Loyaltek Group, which encompasses several businesses focused on financial technology. These include Paynovate (acquiring and issuing), LoyalPay (terminals), Giftify (gift card marketing), and Fintronik (processing corporate and consumer cards). The website emphasizes a commitment to helping people benefit from a better financial system, offering services like payment processing, gift card solutions, and card program management. The group’s offerings are geared towards businesses, providing tools for secure payments, marketing campaigns, and payment card infrastructure.

Financially, Loyaltek UK Ltd shows a mixed picture. While cash reserves increased by a significant 450% to £22,000, net assets still ended in the negative at -£32. Trade debtors decreased by 61%, which is good, but creditors also increased, and there was a big jump in taxation and social security payable. 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 for flexibility, but the large increase in liabilities suggests a need to manage cash flow carefully. The accounts are unaudited, and no auditor is mentioned, which is common for small companies. It’s a bit worrying that the company has a lot of creditors.

Registered in England/Wales under the registration number 13624649, with a registered address at DH1 1TW, England, Durham, Portland House, Belmont Business Park.

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