Chromacity Limited

Chromacity Ltd, based in Edinburgh, UK, is a small, active company founded twelve years ago in 2013. Employing twelve people, the company holds £276,479 in assets and operates from a virtual address, a fact that is a little concerning given fourteen other companies share the same location. With five directors but no officially declared owners, the structure is somewhat opaque. The company regularly imports optical and medical tools and devices—nineteen months of activity recorded—but exports irregularly, with just two months of activity noted.

Chromacity Ltd’s core business, as detailed on its website, revolves around the manufacture and sale of ultrafast lasers. The site showcases a range of products, including fixed wavelength lasers, tunable picosecond infrared optical parametric oscillators (OPOs), and custom laser solutions. The company targets research institutions, universities, and industrial partners, emphasizing high performance and plug-and-play functionality. The website also features a resource centre with product literature, application notes, and research publications, indicating a focus on technical expertise and customer support.

Financially, Chromacity Ltd presents a mixed picture. Current assets have plummeted by a significant 70%, dropping to £280,000. Net assets have also taken a hit, falling 84% to £120,000. Bank borrowings have decreased by 3.6%, and cash reserves have seen a dramatic 79% drop to £140,000. Trade debtors have also fallen by a large 85%, suggesting potential issues with customer payments. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the sharp decline in assets and cash raises questions about its financial health. There’s no auditor mentioned, which is common for small companies.

Overall, Chromacity Ltd appears to be navigating a challenging period. While its website and product offerings suggest a strong technical foundation, the financial data reveals a company that is burning through cash. Whether it can sustain its operations and continue to innovate remains to be seen, but the company’s focus on niche markets and high-performance lasers could provide a competitive advantage.

Registered in Scotland under the registration number SC442724, with a registered address at G1 3BX, Glasgow, C/O Grant Thornton Uk Advisory & Tax Llp, 110 Queen Street.

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