Bay Photonics Ltd

Bay Photonics Ltd, based in Paignton, UK, is a small, active company established seventeen years ago in 2007. With twenty-one employees and £589,327 in assets, it operates from a virtual address—a point to note as 264 companies share the same location. The company is led by two directors and has one owner, George Glenn Stephen. It’s a regular importer and exporter of electrical machinery and equipment, with nineteen months of import activity and thirty-eight months of export activity recorded.

The company specializes in advanced photonics assembly and packaging, offering services to organizations involved in photonic integrated circuit (PIC) development. Bay Photonics aims to reduce customer investment in packaging design and assembly by providing open-access skills and services for proof-of-concept, prototyping, pre-production, and production PICs. The website highlights deep engineering expertise and a focus on guiding customers through the project lifecycle, from design to volume manufacturing. It even offers support for onshore or offshore transfer.

Financially, Bay Photonics Ltd presents a mixed picture. While current assets increased by a healthy 61% to £590,000, equity also grew significantly by 75% to £580,000. However, cash reserves declined by 63% to £16,000, and bank borrowings remained steady. Creditors increased substantially, by 82%, suggesting a reliance on trade credit. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The significant increase in trade debtors, by 250%, could indicate a period of growth but also potential challenges in collecting payments. There's no mention of an auditor, which is common for small, exempt companies.

Overall, Bay Photonics Ltd appears to be a growing company, but the decrease in cash reserves and increase in creditors warrants attention. The company’s focus on specialized photonics services and its commitment to supporting customers through the entire development process suggest a strong foundation for future success, but it's important to monitor its financial health closely.

Registered in England/Wales under the registration number 06274384, with a registered address at TQ4 5BW, United Kingdom, Paignton, Devon, 13 Hyde Road.

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