Simplytrak Limited

Simplytrak Ltd, based in Market Weighton, UK, is a small, holding company with an active status. Founded nineteen years ago in 2005, the company employs fourteen people and holds £379,692 in assets. It has a real registered address and is overseen by two directors and one owner. The company boasts a solid 4.0 Google rating from six reviews and regularly imports electrical machinery and equipment, with the last import operation recorded in November 2024.

The company's website highlights its focus on telematic solutions and fleet vehicle tracking systems. They offer a range of services, including driver behaviour monitoring, remote vehicle immobilisation, and AI-powered distraction cameras. Their target market spans various industries, from airports relying on incursion systems to businesses needing compliant vehicle solutions. The site emphasizes bespoke telematics and case studies, showcasing their expertise in adapting to diverse client needs. It’s clear Simplytrak is aiming to be a one-stop shop for fleet management technology.

Financially, Simplytrak Ltd presents a mixed picture. While current assets have increased significantly—jumping 4700% to £380,000—net assets have decreased by 1.4% to £720,000. Cash bank on hand has seen a remarkable increase of 1400%, reaching £42,000, while creditors have increased substantially by 140%, reaching £330,000. The company’s size—meeting two of three criteria for a small company—allows for agility, but the increase in creditors suggests a need to manage debt. Bank borrowings have increased, and the decrease in average employees reported is something to consider. With no auditor mentioned, the figures are unaudited.

Overall, Simplytrak Ltd appears to be navigating a period of growth, but with increased financial pressures. The company's focus on specialized telematics solutions and its strong Google rating suggest a solid foundation, but careful management of debt will be crucial for sustained success.

Registered in England/Wales under the registration number 05519483, with a registered address at YO43 3EF, Market Weighton, England, Simplytrak House, 82 York Road.

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