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 (employees)
Oldham, GB
Size (employees)
131 (est)
Innovative Technology was founded in 1992 and is headquartered in Oldham, GB

Innovative Technology Office Locations

Innovative Technology has offices in Oldham, Shenzhen, Milton, Pewaukee and in 3 other locations
Oldham, GB (HQ)
Derker St
Milton, AU
349 Coronation Dr
Pinneberg, DE
70 Am Hafen
Vimercate, IT
9 Via Torri Bianche
Pewaukee, US
116 1343 E Wisconsin Ave
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Innovative Technology Financials and Metrics

Summary Metrics

Founding Date


Innovative Technology Financials

Innovative Technology's revenue was reported to be £25.8 m in FY, 2015 which is a 4% increase from the previous period.

Revenue (FY, 2015)

25.8 m

Revenue growth (FY, 2014 - FY, 2015), %


Gross profit (FY, 2015)

9.5 m

Gross profit margin (FY, 2015), %


Net income (FY, 2015)

1.7 m

Cash (31-Dec-2015)

1.2 m
GBPFY, 2013FY, 2014FY, 2015


21.3 m24.8 m25.8 m

Revenue growth, %


Cost of goods sold

11.5 m14.4 m16.3 m

Gross profit

9.8 m10.4 m9.5 m
GBPFY, 2013FY, 2014FY, 2015


4.2 m1.2 m1.2 m

Accounts Receivable

3.4 m5 m3.5 m

Current Assets

11.6 m11.7 m11.2 m


4.1 m8 m6.7 m
GBPFY, 2013FY, 2014FY, 2015

Income Taxes Paid

(273 k)(149.7 k)(123.7 k)
Y, 2015

Financial Leverage

1.2 x
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5 Ways Innovative Technology Is Impacting HR

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