Cogent Technology Limited

Cogent Technology Ltd, based in Ipswich, UK, is a medium-sized holding company with a 40-year history. Employing 122 people, the company holds assets worth £5,509,674 and generates annual revenue of £11,569,698. It operates from a virtual address, a point to note, and is managed by four directors and a single owner. Its Google rating is a perfect 5.0 based on six reviews. The company regularly imports electrical machinery and equipment (231 months) and exports optical and medical tools and devices (227 months).

Cogent Technology is a contract manufacturer specializing in electronic components and devices. Its website highlights services like PCB assembly, device building, testing, and clean room assembly. It caters to a range of sectors, including aerospace, green tech, marine, and medical. The company emphasizes its ISO13485 and ISO9001 certifications and its "MaPs" quality planning system. It even offers medical device consultancy and project engineering services.

Looking at the financials, Cogent Technology shows some concerning trends. Current assets have fallen by 34% to £5,500,000, and net assets have dropped significantly. Bank borrowings have increased dramatically, while cash reserves have plummeted by 79% to £330,000. While creditors have decreased, the sharp decline in cash and the rise in borrowings suggest the company is burning through money. The company’s administrative expenses have increased by 31%, a factor that may be contributing to the financial strain. The company's auditors, Hardcastle Burton LLP, haven't reported any issues, but the unaudited figures do warrant closer scrutiny.

Despite these challenges, Cogent Technology’s strong focus on quality, its range of services, and its presence in growing sectors like green tech could position it for future success. The company’s virtual address, however, is a point of interest, as it suggests a potentially shared office space or a more streamlined operational structure.

Registered in England/Wales under the registration number 01855453, with a registered address at IP7 6RA, England, Ipswich, Dairy Farm Office Dairy Road, Semer.

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