Risk Technology Limited

Risk Technology Ltd, based in Altrincham, UK, is a small, active company established twelve years ago. With four employees and a 5.0 Google rating from two reviews, it’s a well-regarded operation. The company has four directors and two owners, and operates from a real address. It regularly imports electrical machinery and equipment (seven months of activity, last in 2018), and occasionally exports (one month, also in 2018).

The company's website, risktechnology.rtc, presents a different picture. It's a software company offering a range of services, including cybersecurity, business process outsourcing (BPO), system development, audits, and training. The site emphasizes innovation and digital transformation, showcasing expertise in areas like cybersecurity audits, IT security, and forensic auditing. It also offers services like risk assessments, technology training, and software development, and even offers a training event for forensic auditing. The website’s layout is a bit dated, but the content is comprehensive, and it’s clear they’re targeting businesses looking to modernize their operations.

Financially, Risk Technology Ltd’s picture is a little mixed. While the company meets the criteria to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), the numbers show some concerning trends. Retained earnings and accumulated losses remained at -£1.5 million, suggesting a history of losses. Bank borrowings increased significantly, reaching £29,000, and cash reserves fell to £28,000. Creditors, however, decreased slightly, which could indicate improved debt management. The lack of an auditor mentioned—likely due to being exempt as a small company—means these are unaudited figures.

Overall, Risk Technology Ltd appears to be a niche software company facing financial pressures. While its website showcases a broad range of services, the financial data suggests it’s burning through cash. It’s difficult to say whether this is typical for a startup or a sign of longer-term challenges, but the company will need to focus on profitability to sustain its operations.

Registered in England/Wales under the registration number 08085415, with a registered address at WA14 5NL, Altrincham, Cheshire, Matrix House Merlin Court, Atlantic Street.

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