Machines With Vision Limited

Machines With Vision Ltd, based in Edinburgh, UK, is a small, active company founded nine years ago in 2015. With 13 employees and £1,285,343 in assets, it operates from a real address and is managed by four directors, although no owners are officially listed. The company regularly imports electrical machinery and equipment (3 months), and occasionally exports optical and medical tools and devices (1 month). 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.

The company’s primary focus is transforming railway infrastructure monitoring through innovative technology. Its website highlights a pioneering approach to location and positioning in the rail sector, utilizing computer vision to provide accurate positioning even in challenging environments like tunnels. The company’s award-winning solutions have been deployed on railways across Europe, and it’s actively developing apps like “Fault Navigator” to improve safety and efficiency for track maintenance engineers. It’s a great idea, really.

Financially, Machines With Vision Ltd shows some interesting trends. Cash reserves have increased significantly, jumping 410% to £720,000, which is a good sign. However, net assets have also increased by 38% to -£3.3 million, which suggests that the company is burning through cash to fuel growth. Bank borrowings have decreased by 45% to £12,000, indicating reduced reliance on external financing. Trade debtors have increased by 63% to £450,000, which could be a result of increased sales or potentially delayed customer payments. The company's small size means it’s exempt from an audit, so the financial statements are unaudited. The company’s increased research and development costs, as shown by a 5.7% increase in development expenditure, suggest a continued investment in its core technology.

Registered in Scotland under the registration number SC515025, with a registered address at EH3 9DR, Scotland, Edinburgh, Codebase, 3 Lady Lawson Street.

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