Laserite Limited

Laserite Limited, based in Billericay, UK, is a small, active company established 29 years ago. With 17 employees and £1,021,545 in assets, it operates from a real address and is overseen by three directors and a single owner. The company runs an e-commerce site and maintains a stellar 5.0 Google rating from 21 reviews. Laserite is a regular importer of optical and medical tools and devices, with 97 months of import activity, and a regular exporter of machinery, boilers, and mechanical appliances, with 66 months of export activity.

The company specializes in the manufacture of other special-purpose machinery, and its website highlights a range of laser engraving, cutting, and marking machines. It caters to diverse sectors, including automotive, aerospace, education, and jewellery, offering solutions from desktop units to high-performance systems. Laserite emphasizes its British heritage, offering bespoke solutions and a 10-year warranty—a significant selling point. The website also showcases a range of laser-related knowledge, including compatibility guides and safety information.

Financially, Laserite Limited presents a mixed picture. Current assets have decreased by 21% to £1,000,000, while net assets have increased by 5.9% to £930,000. Bank borrowings have decreased by 16% to £300,000, and cash reserves have fallen 29% to £220,000. Trade debtors have increased by 4.6% to £450,000, and creditors have decreased by 40% to £350,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in cash reserves warrants attention. No auditor is mentioned, likely due to exemption as a small company.

Overall, Laserite Limited appears to be a stable, albeit slightly strained, business. Its focus on specialized machinery and long-term warranties suggests a commitment to quality, but the fluctuating financials indicate potential challenges in managing cash flow.

Registered in England/Wales under the registration number 03136255, with a registered address at CM11 1LH, England, Billericay, Field View Castledon Road, Downham.

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