Zak Mobility Ltd

Zak Mobility Ltd, based in Newark, UK, is a small, active company founded thirteen years ago. With two employees and £360,862 in assets, it’s a modest operation led by three directors and a single owner. The company operates an e-commerce site and irregularly imports electrical machinery and equipment, with the latest import activity recorded two months ago.

The company's website highlights its patented in-wheel suspension technology for eCargo bikes. Zak Mobility offers a bespoke engineering solution for this emerging market, focusing on reliability, cost-effectiveness, and safety. The technology boasts several benefits, including more chassis space, minimal maintenance, and lower running costs. It’s designed to improve cargo capacity, reliability, and driver safety, and even supports the goals of Net Zero initiatives. The website emphasizes retrofittability, configurability, and cost-neutrality, aiming to appeal to both eCargo bike manufacturers and end-users.

Financially, Zak Mobility Ltd presents a mixed picture. Cash reserves have dramatically increased by 3,900% to £330,000, a significant boost. However, net losses have widened considerably, growing by 300% to -£160,000. Creditors have also increased by 10% to £70,000. While the substantial increase in cash is encouraging, the growing losses suggest the company may be burning through money to fuel growth. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the widening losses are something to keep an eye on. The lack of an auditor mentioned likely means the accounts are unaudited. It's a little unclear how the company is managing its cash, but it's clear that it is investing heavily in its technology.

Registered in England/Wales under the registration number 07690953, with a registered address at NG22 9LD, United Kingdom, Newark, Nottinghamshire, Unit 202 Boughton Industrial Estate, Boughton.

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