Laser Electronic Systems Ltd

Laser Electronic Systems Ltd, based in Newry, UK, is a small, active company founded 24 years ago in 2001. With £483,453 in assets and a real address, it’s a tight-knit operation with three directors and a solo founder, Keenan Dominic, at the helm. The company employs four people and maintains a perfect 5.0 Google rating from one review. It’s a regular importer of toys, games, and sports equipment, with 7 months of import activity recorded, the latest in December 2024.

The company’s website is not available, making it difficult to determine the exact nature of their operations beyond what is available in the report. However, the report indicates they operate in the manufacture of other electrical equipment industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

Financially, Laser Electronic Systems Ltd shows a mixed picture. Current assets increased by 1.9% to £480,000, while net assets increased by 1.1% to £410,000. Bank overdrafts rose by 30% to £1,600, and cash reserves increased by 1.9% to £150,000. Creditors decreased by -28% to £25,000, suggesting better debt management. Trade debtors increased by 28% to £220,000. The company’s small size helps it stay agile, but the increase in debtors raises questions about cash flow. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Laser Electronic Systems Ltd is holding steady, but the increase in trade debtors should be monitored.

Registered in Northern Ireland under the registration number NI040907, with a registered address at BT34 3QB, Newry, 35 Ballydesland Road, Burren.

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