Veracity Uk Limited

Veracity Uk Limited, based in Prestwick, UK, is a holding company with a strong presence in the cybersecure IP video products and network connectivity solutions market. Founded nineteen years ago in 2005, the company employs forty-four people and holds assets totaling £12,081,915. It’s overseen by eight directors and owned by one individual, with a perfect 5.0 Google rating based on a single review. The company regularly imports and exports electrical machinery and equipment, with seventy-four months of import activity and 341 months of export activity.

The company operates as a holding company, with its core business revolving around the manufacture of computers and peripheral equipment. Its website showcases a range of products, including IP transmission devices, storage recording solutions, video display controllers, and integrated systems. Rather than a direct e-commerce platform, the website functions as a detailed resource for potential clients, highlighting applications, project references, and technical documentation. The site emphasizes partnerships with system integrators and distributors, suggesting a business-to-business model. Events like Security Canada East and The Bullring showcase Veracity’s commitment to industry engagement.

Financially, Veracity Uk Limited presents a mixed picture. While cash and cash equivalents increased significantly by 20%, reaching £7,100,000, other key indicators show signs of change. Accumulated amortisation and impairment of intangible assets rose by 41%, reaching £1,600,000, and depreciation of property, plant, and equipment increased by 10%, reaching £58,000. Staff costs increased by 2%, reaching £5,100,000. Bank borrowings have been eliminated, a positive sign, but creditors decreased by 18%, suggesting tighter payment terms. The company’s relatively small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the changes in asset values raise questions. The company is audited by William Duncan + Co (Audit) Ltd.

In short, Veracity Uk Limited appears to be a stable, well-established player in a specialized market. Its focus on cybersecure solutions and strong industry partnerships positions it for continued success, although the financial shifts warrant close monitoring.

Registered in Scotland under the registration number SC291812, with a registered address at KA9 2TU, Prestwick, South Ayrshire, Prestwick International Aerospace Park, 4, Dow Road.

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