Ion Engineering Limited

Ion Engineering Limited is a small, active company based in Swindon, UK, founded nineteen years ago in 2006. With three employees and £138,377 in assets, it operates from a real address shared by nine other companies. Two directors and two owners manage the business, which is classified as an irregular importer of electrical machinery and equipment, with its last import operation recorded in February 2022.

The company’s website reveals a specialized focus on optical network services. Ion Engineering Ltd positions itself as a leading fibre characterization company, serving clients globally across APAC, EMEA, and NASA. Its services include OTDR analysis, remediation, and fault-finding, catering primarily to the internet-related services industry, particularly data centres and cable landing stations. The company boasts a global presence with offices in the UK and Germany, emphasizing its experience and commitment to customer satisfaction. It has 20 years of experience and has installed 10,000 products.

Financially, Ion Engineering Limited exhibits a mixed picture. Current assets have surged by a remarkable 790% to £140,000, while net assets have increased by 860% to £110,000. However, bank borrowings have also increased significantly, rising by 8.3% to £9,200. Creditors decreased by 62%, suggesting improved debt management. The company's small size—meeting two of three criteria for a small company—helps it maintain agility. Cash reserves have increased dramatically, up 3,100% to £81,000. While the company is exempt from an audit, the figures are unaudited.

The substantial increase in assets and cash reserves is encouraging, but the rise in bank borrowings warrants attention. The company’s success in the specialized optical network services market seems to be driving growth, but careful management of debt will be crucial for long-term stability.

Registered in England/Wales under the registration number 05798376, with a registered address at SN5 7XF, Wiltshire, Delta 606, Welton Road, Swindon.

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