t42 IoT Tracking Solutions PLC

t42 IoT Tracking Solutions PLC, a technology firm formerly known as Starcom plc until November 2021, specializes in developing advanced automated systems. These solutions enable remote tracking, continuous monitoring, robust protection, and efficient management for a diverse range of assets, including individuals, vehicle fleets, shipping containers, and other valuable items. The company operates across two primary business areas: Hardware and Software-as-a-Service (SaaS). Its comprehensive product suite includes: Helios, an Automatic Vehicle Location (AVL) device paired with an integrated fleet management system; Tetis, a real-time GPS tracking and monitoring solution tailored for both dry and refrigerated containers; Lokies, an IoT-enabled keyless smart padlock; and Kylos, a GPS tracker and management platform for general asset oversight. Complementing its hardware, t42 provides a suite of online web applications for web-based fleet and container management, alongside broader monitoring and administrative tools. The Control Center offers defined operational protocols for critical events such as theft, accidents, or driver emergencies. Mobile users can access information via the Olympia Tracking application, available on iOS and Android devices, while the sophisticated Zeppos software consolidates the management of all company assets and team members onto a single platform. t42 IoT Tracking Solutions serves a wide spectrum of clients globally. This includes high-security environments like government and military installations or airports; container and tanker truck operators; distribution companies managing vehicle fleets (trucks, vans); security firms with multiple or remote operational sites; insurance providers; and private individuals. Established in 2004 and headquartered in Saint Helier, Jersey, the company distributes its offerings through an extensive network of technology partners and independent operators, reaching approximately 53 countries worldwide.

t42 IoT Tracking Solutions PLC trades as TRAC.L on LSE. The company is classified in Technology / Hardware, Equipment & Parts and reports in GBP.

The current profile places the business in Hardware, Equipment & Parts. This section is intended to summarize the operating segments, products, geographies, and main revenue lines from official filings.

Latest available fiscal data shows £6.23M of revenue and -£588,084.4 of net income.

Use this area for management strategy, capital allocation priorities, target markets, and measurable goals from the latest annual report or investor presentation.

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t42 IoT Tracking Solutions PLC can be compared against peers such as Acuity RM Group Plc Ord, CloudCoCo Group plc, Dillistone Group Plc, Ethernity Networks Ltd., Mobility One Ltd., PipeHawk plc.

A complete thesis should compare growth, margins, balance-sheet risk, valuation multiples, and market position against direct competitors.

Current signals to investigate include market capitalization of £3.22M, beta of 0.25, and return on equity of +20.0%.

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Key risks should include financial leverage, cyclicality, customer concentration, regulatory exposure, currency risk, and execution risk.

TRAC.L currently shows total debt of £4.24M and beta of 0.25. Missing data should be treated as a research gap, not as low risk.

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Company website: https://www.starcomsystems.com

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