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)
Type
Private
HQ
Oldham, GB
Founded
1992
Size (employees)
126 (est)+6%
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
Vimercate, IT
9 Via Torri Bianche
Pinneberg, DE
70 Am Hafen
Pewaukee, US
116 1343 E Wisconsin Ave
Milton, AU
349 Coronation Dr
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Innovative Technology Data and Metrics

Summary Metrics

Founding Date

1992

Innovative Technology Financial Metrics

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

Revenue (FY, 2015)

25.8 m

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

4%

Gross profit (FY, 2015)

9.5 m

Gross profit margin (FY, 2015), %

37%

Net income (FY, 2015)

1.7 m

Cash (31-Dec-2015)

1.2 m
GBPFY, 2013FY, 2014FY, 2015

Revenue

21.3 m24.8 m25.8 m

Revenue growth, %

16%4%

Cost of goods sold

11.5 m14.4 m16.3 m

Gross profit

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

Cash

4.2 m1.2 m1.2 m

Accounts Receivable

3.4 m5 m3.5 m

Current Assets

11.6 m11.7 m11.2 m

PP&E

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
Show all financial metrics

Traffic Overview of Innovative Technology

Innovative Technology Online and Social Media Presence

Innovative Technology News and Updates

AI will simplify talent acquisition

GUEST: Recruiters vet thousands of applications and conduct hundreds of interviews each year. This process generates an absurd amount of data that can be difficult for the average human to handle. Modern recruiters are very talented, but they inevitably miss employee placements due to human error in…

Apple’s ARKit will innovate the everyday

GUEST: In today’s digital economy, we see a constant rotation of new, innovative technology emerging on the market. While some platforms are built exclusively for consumers, others are designed with an enterprise purpose in mind. The most powerful pieces of technology, however, do both. And augmente…

These UK-based "techtrepreneurs" are building an empire right under our noses

While the media has a tendency to fawn over San Francisco's "disruptive" startup darlings, Silicon Valley is far from the end-all, be-all of global tech startup hot spots. In recent years, the United Kingdom has stepped up to become a major player in the tech startup scene. From London to Leeds …

Cyprexx, Prempoint Launch Innovative Entry Management System

PRESS RELEASE: Cyprexx Services, LLC in partnership with Prempoint Inc. will be launching a new entry management system in Fall 2017. Lockwise™ is a new keyless entry management system that allows property access to be granted digitally. This device...

Mind-reading AI is the newest defense against cyber attacks

Ransomware has been disastrous for businesses and individuals alike, with recent attacks like WannaCry costing companies millions, and personal attacks threatening private data. We’re all at risk. Criminals are holding data and information hostage using tools that require almost no skill, and once t…

Smartlands Platform Opens the Agricultural Sector for Crypto-Investors from All Over the World

PRESS RELEASE: The creators of the Smartlands platform for the tokenization of agricultural assets, based on the blockchain solution and the Agriculture 3.0 concept, announce the ICO of the project. Smartlands platform founders came out with...
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Innovative Technology Company Life and Culture

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