Axis Electronics Limited

Axis Electronics Limited, based in Milton Keynes, UK, is a well-established holding company with an active status. Founded 30 years ago in 1994, the company employs 182 people and boasts assets of £31.6 million. It operates from a virtual address, registered at a location shared by 78 other companies, and is overseen by six directors and a single owner. Google ratings are a respectable 4.0 based on six reviews. The company regularly imports and exports electrical machinery and equipment, with a substantial 594 months of import activity and 12 months of export activity.

Axis Electronics is part of the larger Cicor Group and describes itself as the UK's leading high-reliability EMS (Electronics Manufacturing Services) company. Its website highlights a focus on high-technology, high-reliability manufacturing, with a mission to provide 100% on-time delivery and zero defects. The company serves a range of markets, including defence, aerospace, automotive, and communications, and offers services like production testing, environmental screening, and quality management. It even has a video showcasing its capabilities.

Financially, Axis Electronics Limited presents a mixed picture. While comprehensive income increased by 14% to £6.3 million, current assets decreased by 1.5% to £32 million. Bank borrowings increased by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company meets two of three criteria to be considered a large company – turnover exceeding £36 million and balance sheet total over £18 million – but the significant drop in equity raises concerns. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Despite these financial pressures, Axis Electronics’ integration with the Cicor Group and its focus on high-reliability EMS suggest a commitment to long-term growth. The company’s emphasis on quality, innovation, and customer service positions it well in a competitive market, and the ongoing investment in its people and processes should help it navigate future challenges.

Registered in England/Wales under the registration number 02983376, with a registered address at MK9 1BP, England, Milton Keynes, C/O Mercer & Hole The Pinnacle, 170 Midsummer Boulevard.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.