OKTIK TECHNOLOGY

As the founder of OKTiK Technology, I reflect on the transformative journey we have collectively embarked upon over the last two decades. Back then, workplaces were characterised by clunky desktops and limited digital capabilities. Fast forward to today, and our work environments have evolved drastically with the advent of laptops, tablets, smartphones, and seamless wireless connectivity. These changes, coupled with the integration of intelligence and connectivity into distributed infrastructure, have given rise to the concept of the Digital Workplace – the foundation of modern business operations.

At OKTiK, our dedicated team of consultants brings a rich pedigree of experience to the table. From program management to technical consulting, we've been in the trenches, delivering successful enterprise transformations. With extensive backgrounds, we've honed our skills to accelerate and execute workplace transformations that align with our client's unique needs. Our vision centres around bringing proven standards to life, creating a Digital Workplace that offers an exceptional end-user experience through custom tools, utilities, and expert analysis. We understand that the introduction of new technologies impacts not just business users, but also the IT organisation. By changing the way transformations are delivered, we unlock the true potential of cloud adoption and the Digital Workplace. Our collaborative approach, working closely with your team, creates effective program teams and fosters engagement through communication and education.

What sets OKTiK apart is our arsenal of knowledge, experience, and cutting-edge tools. Our in-house transformation products empower us to reshape workplace environments efficiently. From comprehending the existing environment to seamlessly migrating users to the new Digital Workplace, our tools automate critical technical activities. Combined with our consultancy expertise, we've developed an industrialised process that empowers end users to drive their migration journey, all while ensuring an intuitive and smooth experience. Behind the scenes, our transformation team monitors migrations to address any exceptions, optimising deployment costs and ultimately delivering an enhanced end-user experience. At OKTiK, we're not just about technology – we're about reshaping the way businesses work, fostering growth, and ensuring a future where the Digital Workplace is a thriving reality. We are currently seeking funds to complete our software development, we have already spent £400k of our own funds so far and are excited about further developments.

Risk Commentary:
The directors are providing personal guarantees which means that if the business fails the directors become personally liable for the loan. Both of the directors are homeowners, however, this does not ensure that there are sufficient assets should the loan need to be recovered. We have identified a Credit Policy Exception in that the Company currently enduring losses per the latest management accounts. This is mitigated by the fact that it is a well-established company, the directors can be traced for a number of years with no adverse and the company is currently developing a new product which will be available in September 2023

Inflation Risk:
As the majority of lending to the business is at a fixed rate, they will not be immediately affected by interest rate increases.