Checkit Company Profile
Background
Overview
Checkit, formerly known as Elektron Technology, is a UK-based company specializing in intelligent operations technology for deskless workforces. Founded in 1948, Checkit has evolved to provide digital solutions that enhance operational efficiency, compliance, and productivity across various industries, including healthcare, hospitality, and retail.
Mission and Vision
Checkit's mission is to transform operational waste into predictive operations by generating better data, implementing smarter processes, and unlocking intelligence faster. The company envisions a future where organizations can proactively manage their operations, ensuring safety, compliance, and efficiency through digital solutions.
Key Strategic Focus
Core Objectives
Checkit aims to digitize deskless operations, enabling organizations to capture and analyze data for continuous improvement, productivity enhancement, cost reduction, and compliance assurance. The company's platform provides real-time insights into staff activities, equipment status, and building conditions.
Areas of Specialization
Checkit specializes in intelligent operations platforms that integrate digital workflows and sensor technologies. Their solutions cater to sectors such as healthcare, hospitality, retail, and facilities management, focusing on automating routine tasks and monitoring critical assets.
Key Technologies Utilized
The company leverages high-grade sensors to capture data on physical spaces, including movement, temperature, and humidity. Their mobile applications digitize paperwork, guide workers through tasks, and standardize practices. The Checkit platform utilizes artificial intelligence (AI) to analyze data, manage workflows, and facilitate informed decision-making.
Primary Markets Targeted
Checkit targets industries with significant deskless workforces, including healthcare, hospitality, retail, and facilities management. Their solutions are designed to address operational challenges in these sectors by enhancing compliance, productivity, and efficiency.
Financials and Funding
Funding History
As of the latest available data, Checkit has not publicly disclosed specific funding rounds or amounts. The company operates as a public entity under the stock symbol AIM: EKT.
Financial Performance
In the fiscal year 2024, Checkit reported revenues of £12 million. For the first half of 2025, the company reported revenues of £6.7 million, a gross profit of £4.5 million, and a net income of (£2.6 million). The company held £7.0 million in cash during this period.
Pipeline Development
Product Development
Checkit continues to enhance its intelligent operations platform by integrating advanced sensor technologies and expanding its digital workflow capabilities. The partnership with Disruptive Technologies, announced in March 2022, exemplifies this strategy by incorporating the world's smallest wireless IoT sensors into Checkit's platform, thereby expanding its smart building capabilities.
Target Conditions and Timelines
The integration of Disruptive Technologies' sensors aims to enhance building facilities management, equipment monitoring, and asset management. The initial rollout focused on automated legionella monitoring and prevention, with further expansions planned to address various operational challenges across multiple industries.
Technological Platform and Innovation
Proprietary Technologies
Checkit's platform combines digital workflows with a sensor ecosystem to provide real-time insights into operations. The integration of Disruptive Technologies' sensors enhances the platform's capabilities by enabling the capture of critical data points related to building facilities, equipment, and assets.
Significant Scientific Methods
The platform employs AI and machine learning algorithms to analyze data collected from sensors and digital workflows. This analysis facilitates predictive operations, allowing organizations to anticipate and mitigate potential issues before they occur.
Leadership Team
Executive Profiles
- Keith Daley, Non-Executive Chairman: Appointed to the Board in 2004 and became Chairman in 2008. With a background in corporate banking, Keith is an experienced entrepreneur and chairman with a strong focus on sales and marketing.
- Kit Kyte, CEO: Joined Checkit in February 2021, overseeing the transformation of sales and marketing to drive significant growth. Previously served as Vice President at Genpact and has extensive leadership experience, including roles as an Army Officer in the Royal Gurkha Rifles.
- Kris Shaw, CFO: An experienced finance professional with a history of working in multi-site production and commodity businesses. Kris is commercially minded, focusing on driving profits through numbers-focused decision-making.
- Alex Curran, Non-Executive Director: Appointed in January 2023, providing strategic guidance across sales, marketing, and operational functions. Currently the CEO of Aptitude Software, with prior experience leading the North America region as Regional Chief Executive Officer.
Leadership Changes
In January 2023, Alex Curran was appointed as a Non-Executive Director, bringing strategic guidance across sales, marketing, and operational functions.
Competitor Profile
Market Insights and Dynamics
The intelligent operations and IoT solutions market is experiencing significant growth, driven by the increasing need for digital transformation across industries. Organizations are seeking solutions that enhance operational efficiency, compliance, and productivity, creating opportunities for companies like Checkit.
Competitor Analysis
Checkit's primary competitors include:
