Innovative Technology

A leading provider of cash handling technology we enable businesses across the world to handle coins, notes and tickets more efficiently, reducing cash related security risks and improving their customers' experience. As an innovation-led global technology company, we research and develop a broad range of state of the art cash handling products for the gaming, amusement, vending, retail and kiosk markets. With over 23 years’ experience, we have grown to become one of the leading providers of cash handling technology in the world; manufacturing banknote validators, banknote recyclers, multi-coin hoppers and ticketing products that handle millions of transactions every day for some of the world’s leading companies. We have a growing international presence with commercial operations across the globe, two manufacturing sites, a rapidly expanding R&D centre and a network of over 20 trading partners.
Company growth
Type
Private
HQ
Oldham, GB
Founded
1992
Size (employees)
97 (est)+3%
Innovative Technology was founded in 1992 and is headquartered in Oldham, GB

Innovative Technology Office Locations

Innovative Technology has offices in Oldham, Barcelona, Pinneberg, Vimercate and in 3 other locations
Oldham, GB
Barcelona, ES
Pinneberg, DE
Vimercate, IT
Milton, AU
Shenzhen, CN
Pewaukee, US

Innovative Technology Metrics

Innovative Technology Summary

Founding Date

1992

Innovative Technology Financials

We estimate that Innovative Technology's revenue is £25.8 M in FY, 2015 which is 4.15% increase from the previous period.
FY, 2015FY, 2014FY, 2013

Revenue

£25.8 M£24.8 M£21.3 M

Revenue growth, %

4.2%16.1%

Cost of sales

£16.3 M£14.4 M£11.5 M

Gross profit

£9.52 M£10.4 M£9.8 M

Gross profit Margin, %

36.9%41.9%45.9%

Operating expense total

£7.56 M£7.72 M£6.64 M

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Innovative Technology News

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