Ipg Photonics (uk) Limited

IPG Photonics (UK) Limited, based in Coventry, UK, is a large, active company established 24 years ago in December 2000. Employing 16 people, it holds substantial assets of £5,085,910 and operates a real address at Middlemarch Business Park. With five directors and one owner, the company is a holding company and runs an e-commerce site, currently boasting a 4.0 Google rating from five reviews. It’s a regular importer and exporter, specializing in optical and medical tools and devices, with 186 months of import activity and 34 months of export activity.

The company's website showcases IPG Photonics' global leadership in fiber laser technology. It offers a wide range of products, from industrial CW fiber lasers to advanced scientific laser systems, catering to diverse applications like battery welding, laser curing, and materials processing. The site highlights custom laser solutions and robotic systems, emphasizing innovation and productivity. It’s clear IPG Photonics (UK) Limited is a key part of a much larger, international operation.

Financially, the company presents a mixed picture. Net assets increased by 2.7% to £16 million, while cash reserves remained steady at £1.9 million. However, bank borrowings decreased by a significant 100% to zero, and trade debtors increased by 38%, suggesting a potential shift in payment terms. Creditors decreased by 18%, which is a positive sign. The company’s net loss deepened to -£420,000, a considerable increase from the previous year’s -£200,000. The auditors, Ellacotts Audit Services Limited, signed off on the accounts. While the company meets the criteria for a large company, with turnover over £36 million, balance sheet total over £18 million, and employees over 250, the increased losses are something to keep an eye on. The sharp decrease in bank borrowings could indicate a strategic decision to reduce debt, but it's also possible it reflects a reliance on trade credit.

Registered in England/Wales under the registration number 04132272, with a registered address at CV3 4FJ, England, Coventry, 20-20 House Siskin Drive, Middlemarch Business Park.

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