Maptek Ltd

Maptek Ltd from Edinburgh UK: a small, active company founded five years ago, employs fifteen people, and holds assets worth £3,223,277. It’s a family business with two directors and two owners, operating from a real address. The company regularly imports and exports optical and medical tools and devices, having imported for five months and exported for three.

Maptek’s core business revolves around providing technology solutions for the mining industry. Its website showcases a range of products and services, including Vulcan 3D mine planning software, laser scanners, and data management systems. It seems they don's operate an e-commerce site, instead offering solutions and services to mining companies. They have a strong focus on automation and orchestration, as evidenced by the Vestrex platform. The site also highlights training programs and consulting services, suggesting a commitment to supporting its clients.

Financially, Maptek Ltd shows some interesting trends. While net assets increased by 11% to £1.1 million, cash reserves declined by 8.1% to £1.7 million. Bank borrowings have been completely eliminated, which is a positive sign. Trade debtors have increased significantly by 83%, reaching £1.5 million, which could indicate increased sales but also potential challenges in collecting payments. Creditors decreased by 15%, 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 for agility, but the increase in debtors should be monitored. The report doesn’t mention an auditor, which is common for small companies.

Overall, Maptek Ltd appears to be a stable, albeit small, company operating in a specialised sector. The increase in debtors is a point to watch, but the elimination of bank borrowings and the focus on high-value solutions suggest a solid foundation.

Registered in Scotland under the registration number SC642782, with a registered address at EH3 6DW, United Kingdom, Edinburgh, United Kingdom, 3 Darnaway St.

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