Thermoteknix Systems Limited

Thermoteknix Systems Ltd, based in Manchester, UK, is a large, active company with a rich history spanning 43 years. Employing 66 people and boasting assets of £19,832,389, the firm operates from a virtual address—a point to note—and is overseen by three directors and a single owner. The company is a regular importer and exporter, specializing in optical and medical tools and devices, with 271 months of import activity and 213 months of export activity recorded.

The company’s website showcases a diverse range of thermal imaging solutions. Primarily, Thermoteknix manufactures and sells thermal cameras and related equipment for industrial, defence, security, and scientific applications. Their product range includes high-temperature cameras for kiln monitoring, fused night vision devices, handheld imagers, and even augmented reality systems. They also offer camera integration services and sell thermal imaging modules. The website highlights recent achievements, including a fifth King’s Award for Enterprise in Innovation, recognizing their groundbreaking work in augmented reality. They also exhibit at industry events and provide resources like videos and FAQs.

Financially, Thermoteknix shows some concerning trends. While net assets increased by a substantial 23%, reaching £12 million, several key metrics paint a less rosy picture. Cash reserves dropped by 38%, falling to £13 million, and net losses deepened to -£1.1 million. Bank borrowings surged by 2,400%, reaching £29,000, and trade debtors ballooned by 200%, suggesting potential issues with customer payments. Creditors decreased by 18%, which is a positive sign, and administrative expenses increased by 31%, reflecting the costs of running a large operation. The company’s size—meeting two of three criteria for a large company—means it’s subject to more scrutiny, and the lack of a named auditor suggests it’s exempt from full auditing.

Despite these challenges, Thermoteknix’s strong product offering and focus on innovation—demonstrated by its King’s Award—suggest a company with potential. The increase in administrative expenses, however, warrants further investigation to determine if it’s a temporary blip or a longer-term trend.

Registered in England/Wales under the registration number 01624251, with a registered address at M3 5FS, England, Manchester, 1st Floor Cloister House Riverside, New Bailey Street.

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