Harrisons Laser Technology Limited

Harrison Laser Technology Ltd, based in Scunthorpe, UK, is a small, family-run business with an active status. Founded 25 years ago in 2000, the company employs seven people and holds £112,893 in assets. With a real address and three directors and owners, it's a tight-knit operation. The firm regularly imports electrical machinery and equipment, with 10 months of import activity recorded, the latest in December 2023. Google reviews give it a perfect 5.0 rating based on one review.

The company’s website highlights its expertise in laser welding, engraving, and repair services for various industries, including automotive, food and beverage, medical, and aerospace. They offer services like laser welding, engraving, plastic injection mould repairs, and laser hardening, catering to a wide range of client needs. They also boast high accuracy, minimal downtime, and are an ISO 9001:2015 certified company. The website details projects and testimonials, showcasing their work with well-known clients.

Financially, Harrison Laser Technology Ltd presents a mixed picture. Current assets decreased by 27% to £110,000, while net assets remained relatively stable at £260. Bank borrowings increased by 24% to £100,000, and cash reserves dropped significantly by 71% to just £3,200. Creditors also decreased by 8.1%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the drop in cash reserves and increase in bank borrowings suggest potential financial pressures. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

It seems Harrison Laser Technology is holding its own, providing specialized services to a diverse client base. However, the recent financial trends indicate a need to carefully manage cash flow and potentially explore options to strengthen its financial position.

Registered in England/Wales under the registration number 03945757, with a registered address at DN15 8QZ, England, Scunthorpe, North Lincolnshire, Unit 29 Npw Estates The Business Centre, 15-19 Normanby Road.

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