So-trak Ltd

So Trak Ltd from Huddersfield UK: a small, active company founded five years ago, employs eleven people, and holds £637,784 in assets. It operates from a virtual address, has two directors and two owners, and is a family business with a stellar 5.0 Google rating based on five reviews. The company regularly imports electrical machinery and equipment, with five months of import activity recorded.

The company’s website, sotrak.co.uk, reveals a focus on GPS tracking solutions for vehicles and assets. It offers a range of trackers, dashcams, and related services, targeting businesses needing fleet management, asset security, and driver monitoring. While the site doesn's explicitly state it’s an e-commerce platform, it does feature a contact form for inquiries and a downloadable brochure, suggesting a sales-led approach.

Financially, So Trak Ltd presents a mixed picture. Current assets have increased by a substantial 32%, reaching £640,000, which is a positive sign. However, net assets have also risen by 16% to £130,000. Bank borrowings have increased by a staggering 340%, reaching £140,000, and cash reserves have also increased by 340%, reaching £140,000. Trade debtors have decreased by a significant 36%, suggesting improved 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 increased borrowing needs to be monitored. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, So Trak Ltd appears to be growing, but with increased financial leverage. The focus on GPS tracking and fleet management, coupled with a strong online presence, positions it well in a competitive market. It's a good sign that the company is holding steady, but the increased borrowing needs to be monitored.

Registered in England/Wales under the registration number 12309700, with a registered address at HD1 4EN, England, Huddersfield, West Yorkshire, 12 Greenhead Road.

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