Movolytics Ltd

Movolytics Ltd, a small holding company based in Peterborough, UK, has been active for eight years, employing 16 people and holding assets of £2,042,942. Founded in May 2016, the company operates from a real address and is managed by two directors and one owner. It regularly imports electrical machinery and equipment – 10 months of import activity were recorded – and occasionally exports the same, with just one month of export activity.

The company’s website highlights its focus on fleet tracking and telematics, offering solutions for businesses looking to optimise efficiency, reduce waste, and improve safety. It provides journey replay, live tracking, fuel cost management, driver behaviour monitoring, geofencing, automated reports, and maintenance management – all accessible via a mobile app. The website also mentions integrated dash cams and a fuel card integration. The company is clearly targeting businesses reliant on vehicle fleets, emphasizing cost savings and improved operational control.

Financially, Movolytics Ltd shows some concerning trends. While current assets increased slightly to £2,000,000, retained earnings and accumulated losses remain at a substantial -£11,000,000. Bank borrowings increased significantly, reaching £1,700,000, and cash reserves fell sharply to £110,000. Trade debtors also increased, suggesting potential issues with customer payments. Despite being a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the significant losses and rising debt are a cause for concern. The company’s average number of employees has also dropped considerably, from 16 to just 5, which could be a result of restructuring or cost-cutting measures. As a small company, it is exempt from an audit, so the figures are unaudited. The company’s growth in debt and losses, while not necessarily disastrous, suggest it's burning through money and may need to find ways to improve profitability.

Registered in England/Wales under the registration number 10177606, with a registered address at PE2 8AN, England, Peterborough, Abax Allia Business Centre, London Road.

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