Inspecvision Limited

Inspecvision Limited, based in Newtownabbey, UK, is a small holding company with an active status, celebrating 22 years since its founding in 2003. Employing 11 people, the company holds assets totaling £2,676,018 and operates from a real address at 10 Trench Road. Led by four directors and one owner, Inspecvision specializes in both importing and exporting. It regularly imports electrical machinery and equipment (8 months), and exports optical and medical tools and devices (96 months), with recent activity in January and February 2025 respectively.

The company’s website showcases its core business: designing and manufacturing computer vision-based measurement systems for industrial applications. It offers a range of products, including planar 2D and 3D inspection machines, and the Accuity optical gauging system. These systems cater to industries such as aerospace, automotive, energy, and woodworking, with applications ranging from sheet metal inspection to reverse engineering. Inspecvision partners with TRUMPF to present its solutions and even offers managed services, including one-off sample inspections and CAD comparisons. Case studies highlight successes, such as a fifty percent efficiency improvement for BVS Group through the implementation of a Planar 2D inspection machine.

Financially, Inspecvision’s report shows some interesting trends. Accumulated amortisation of intangible assets increased by 13%, while depreciation of property, plant, and equipment also rose by 13%. The number of employees increased by a significant 27%, reaching 14, and cash reserves grew by 34% to £1,600,000. However, bank borrowings decreased substantially, falling by 81% to £3,500. Creditors also decreased, suggesting improved debt management. Despite these positives, net assets increased by 50% to £3,000,000. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible. The report was not audited, relying on unaudited statements. The company is clearly focused on expanding its presence in the precision measurement market, but the financial data suggests it's navigating some challenges, and the increase in employees may be a sign of growth or a need to address workload.

Registered in Northern Ireland under the registration number NI045832, with a registered address at BT36 4TY, Newtownabbey, County Antrim, 10 Trench Road.

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