Secure Innovation Limited

Secure Innovation Ltd, based in Saltash, UK, is a sizable and active company established 34 years ago. Boasting 122 employees and £14.6 million in assets, the company generated £13.7 million in revenue last year. It’s a well-regarded business, holding a perfect 5.0 Google rating from 13 reviews. With three directors and one owner, the company operates from a real address and regularly imports and exports electrical machinery and equipment – 109 months of imports and 47 months of exports recorded.

The company's website, though currently unavailable, suggests a focus on electronic components and research and development within the natural sciences and engineering industries. It’s a sector demanding precision and innovation, and Secure Innovation Ltd appears to be positioned within it.

Financially, the picture is mixed. While assets remain strong at £14.6 million, accrued liabilities have increased significantly by 67% to £1 million. This could indicate increased investment or perhaps some short-term financing needs. Depreciation on intangible assets, including copyrights and development costs, has also risen, reflecting ongoing investment in research and development. However, bank borrowings have decreased, suggesting improved cash flow management. Despite this, cash reserves have fallen by a considerable 64%, dropping to £460,000. This, combined with a rise in administrative expenses, may be a cause for concern.

The company’s net assets have also declined, although the unaudited figures—prepared by Bishop Fleming LLP—don’t give a full picture. The rise in deferred tax liabilities, while not unusual, could also signal a need for careful tax planning. Overall, Secure Innovation Ltd appears to be a stable, established player in its sector, but the recent financial trends warrant close monitoring.

Registered in England/Wales under the registration number 02516654, with a registered address at PL12 6LF, Saltash, Cornwall, Spinnaker House, Saltash Parkway.

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