Martek Industries Limited

Martek Industries Ltd, based in Cannock, UK, is a small, family-run business with an active status, celebrating 28 years in operation. Employing eight people and holding assets of £445,216, the company operates from a real address within Ridings Park Industrial Estate. With four directors and two owners, it’s a well-established entity. Martek specializes in importing and exporting machinery, boilers, and mechanical appliances, with a consistent record of activity spanning 126 months for imports and 31 months for exports.

The company's website reveals it's a coding and labelling specialist, acting as an independent distributor for leading manufacturers like EBS, United Barcode Systems, and Carl Valentin. It caters to a wide range of industries, offering solutions from handheld inkjet printers to automatic labelling systems, and even laser coders. The website highlights a diverse product range, including thermal transfer printers and carton feeders, and even offers online purchasing.

Financially, Martek Industries Ltd presents a mixed picture. While current assets increased by 9.8% to £450,000, net assets also rose by 12% to £190,000. However, bank borrowings decreased by 44% to £13,000, and trade debtors surged by 79% to £240,000, which could indicate delayed payments or an expansion of credit terms. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debtors warrants attention. With no auditor mentioned, the financial statements are unaudited.

Overall, Martek Industries Ltd appears to be a stable, albeit small, business navigating the challenges of import/export and a competitive market. The company's focus on specialist equipment and its network of manufacturers suggest a niche strategy, but the increase in debtors should be monitored closely.

Registered in England/Wales under the registration number 03240952, with a registered address at WS11 7FJ, Eastern Way Cannock, Staffordshire, Unit 12b, Ridings Park Industrial Estate.

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