Clas-sic Wafer Fab Limited

Clas-Sic Wafer Fab Ltd, based in Lochgelly, UK, is a large company with an active status, having been founded seven years ago in 2017. Employing 59 people and holding assets of £6,306,847, it operates from a real address and is led by five directors, with Johnson Carl James as the sole owner and solo founder. The company boasts a respectable Google rating of 4.0 based on two reviews. It’s a regular importer of machinery, boilers, and mechanical appliances, and a regular exporter of electrical machinery and equipment.

The company’s website paints a picture of a specialist in silicon carbide (SiC) wafer fabrication. Clas-Sic Wafer Fab focuses on providing solutions for SiC devices, offering services like prototyping, low to medium rate production, and accelerated research and development cycles. The website highlights its capabilities in processing 150mm SiC wafers and emphasizes its commitment to supporting customers through the entire development process. It’s clear that Clas-Sic is targeting the high-tech semiconductor industry, offering a toolset for companies looking to develop and manufacture SiC devices. It doesn't appear to be an e-commerce site, instead functioning as a B2B service provider.

Financially, Clas-Sic Wafer Fab Ltd shows a mixed picture. While current assets remain steady at £6,300,000, a concerning trend emerges from the deeper analysis. Accrued liabilities and deferred income have increased significantly by 180%, reaching £4,700,000. This suggests a growing need for short-term financing. Bank borrowings are also up, although the details are not provided. Perhaps most worrying is the 73% drop in cash and cash equivalents, falling to £220,000. Despite these challenges, creditors have decreased by 26%, indicating improved debt management. The company meets two of three criteria to be considered a large company, with turnover exceeding £36 million and balance sheet total over £18 million, but the decline in cash reserves warrants close attention. The company’s auditor is Thomson Cooper, and the financial statements are audited. The company’s workforce has increased by 32%, rising to 78 employees.

Overall, Clas-Sic Wafer Fab Ltd is a specialized manufacturer operating in a high-growth sector. While it’s facing some financial headwinds, its focus on SiC technology and its position within the semiconductor supply chain suggest a potential for long-term success—though careful management of its cash flow will be essential.

Registered in Scotland under the registration number SC569032, with a registered address at KY5 9HQ, Scotland, Lochgelly, 10-12 Avenue Industrial Estate.

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