Rovtech Solutions Limited

Rovtech Solutions Ltd, based in Barrow-In-Furness, UK, is a small holding company with an active status, celebrating 30 years in business. Employing 14 people, the company holds £290,242 in assets and operates from a real address. With four directors and one owner, Rovtech Solutions maintains a stellar 5.0 Google rating based on five reviews. It’s an irregular importer of optical and medical tools and devices (2 months imported), but a regular exporter (10 months exported).

The company’s recent acquisition of VALOR ROV Business from Seatronics Ltd has doubled its workforce and significantly boosted its position as a global technology leader in manufacturing robotics, tooling, and equipment for nuclear and subsea operations. The VALOR ROV, known for its lightweight design and powerful capabilities, enhances Rovtech’s portfolio with cutting-edge technology. The company’s website highlights its expertise in manufacturing robotics and tooling, with a focus on harsh environment equipment. It’s a clear indication that Rovtech is targeting a high-tech, specialized market.

Financially, Rovtech Solutions Ltd shows a mixed picture. Current assets have dropped considerably, falling 41% to £290,000. Bank borrowings have decreased by 25%, reaching £110,000, and cash reserves have increased by 70% to £44,000—a positive sign. However, equity has plummeted 93%, leaving just £8,400. Trade debtors have also decreased by 46%, suggesting better collection of payments. 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 substantial equity decline raises questions about its long-term financial health. As a small company, Rovtech is exempt from an audit, so the figures are unaudited.

Despite these challenges, Rovtech’s focus on high-value robotics and its recent acquisition suggest a company with potential. The management team seems to be actively pursuing growth opportunities, but the financial figures indicate a need for careful management of its capital.

Registered in England/Wales under the registration number 02949672, with a registered address at LA14 2UE, Barrow-In-Furness, Cumbria, 16 Andrews Way Andrews Way.

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