Laser Industries Limited

Laser Industries Limited, based in Penryn, UK, is a small, holding company with an active status. Founded 29 years ago in 1996, the company employs 25 people and holds £1,396,072 in assets. It has two directors and one owner, and boasts a respectable Google rating of 4.0 based on nine reviews. The company regularly imports iron and steel, with five months of import activity recorded, the latest in August 2024.

The company operates in the other non-ferrous metal production 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. Its website is currently unavailable, so it’s difficult to determine if it operates an e-commerce site or primarily serves business-to-business clients.

Financially, Laser Industries Limited has seen some concerning trends. Cash bank on hand has plummeted by 61%, dropping to £210,000, while current assets have decreased by 39% to £1,400,000. Trade debtors have also fallen significantly, down 46% to £920,000. However, creditors have improved, decreasing by 33% to £360,000, suggesting better management of short-term liabilities. Investments have remained steady at £680,000. The company’s net assets have increased by 9.9% to £2,000,000. It's worth noting that the company’s depreciation on motor vehicles has been revalued, resulting in a revaluation surplus of £158,632. As a small company, it is exempt from an audit, and the figures are unaudited.

Overall, Laser Industries Limited appears to be facing some financial headwinds, with declining cash reserves and current assets. However, the reduction in creditors and improved net assets suggest a degree of resilience. It’s unclear if these trends are temporary or indicative of longer-term challenges, but the company’s established presence and industry focus may help it navigate these pressures.

Registered in England/Wales under the registration number 03147366, with a registered address at TR10 8GZ, United Kingdom, Penryn, Cornwall, Office 1 The Warehouse, Anchor Quay.

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