Powerfleet Systems Ltd

Powerfleet Systems Ltd, based in Salisbury, UK, is a small holding company with an active status, celebrating 25 years since its founding in 2000. The company employs seven people and holds £198,904 in assets. It operates from a real address and is led by one director and owner. Powerfleet is a regular importer of electrical machinery and equipment, with 10 months of import activity recorded.

The company's website reveals a global leader in IoT software-as-a-service (SaaS) solutions, optimizing mobile asset and resource performance. Powerfleet’s Unity platform provides data-driven applications, safety and security features, advanced fuel management, maintenance and performance tools, regulatory management, and visibility and resource management capabilities. It caters to a wide range of industries, including construction, transportation, utilities, and oil and gas, offering solutions for vehicle telematics, material handling, asset tracking, and video surveillance. The website also highlights partnerships with OEMs and system integrators, and showcases customer testimonials praising Powerfleet’s responsiveness and innovative solutions.

Financially, Powerfleet Systems Ltd presents a mixed picture. While average employees increased slightly by 14%, current assets have significantly decreased by 57%, falling to £200,000. Debtors have also plummeted by 76%, dropping to £79,000, while creditors have risen by 6.3%, reaching £2.7 million. Equity has suffered a substantial decline, dropping 20% to -£2.6 million, indicating a potential strain on the company's financial health. 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 sharp decline in equity warrants further scrutiny. No auditor is mentioned, likely due to the company's small size and exemption from mandatory audits.

Registered in England/Wales under the registration number 04001259, with a registered address at SP1 2DN, Salisbury, Wiltshire, 10 St. Ann Street.

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