Vitec Ltd

Vitec Ltd, based in Dunfermline, UK, is a holding company with an active status, established 23 years ago. The company employs 80 people and holds assets valued at £13,306,588. It has a real address, is overseen by eight directors, and is owned by Wetzel Philippe. Vitec Ltd regularly imports and exports electrical machinery and equipment, with 141 months of import activity and 681 months of export activity recorded.

The company operates in the manufacture of communication equipment, offering a range of solutions including IPTV distribution, digital signage, and video streaming. Its website highlights a focus on corporate, venue, military, and broadcast markets, providing tailored solutions for each. Vitec also boasts a strong presence in video technology, with expertise in areas like video walls, encoders, decoders, and transcoders. The company’s website also showcases success stories from various clients, demonstrating its ability to deliver high-quality video solutions.

Financially, Vitec Ltd’s performance shows some interesting trends. While cash and cash equivalents increased by 140%, reaching £3.7 million, net assets declined by 30%, settling at £7.9 million. Bank borrowings increased significantly, rising by 130%, and creditors decreased by 21%. The company’s average number of employees decreased slightly, from 80 to 76. The company's turnover increased by 6.6%, reaching £2.4 million.

Despite the mixed signals, Vitec Ltd appears to be a stable and well-established company in the video technology sector. The increase in cash reserves suggests improved liquidity, while the decrease in creditors indicates better debt management. The company’s focus on specialized markets and its commitment to innovation position it for continued success. The unaudited financial statements, overseen by Thomson Cooper, provide a snapshot of the company’s current state, but further analysis would be needed to fully assess its long-term prospects.

Registered in Scotland under the registration number SC225313, with a registered address at KY11 9NB, Scotland, Dunfermline, St Davids House St. Davids Business Park, Dalgety Bay.

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