Millennium Lasers Ltd

Millennium Lasers Ltd, based in Swansea, UK, is a small, active company founded nine years ago in 2015. With a single employee and £561,792 in assets, it operates from a virtual address shared by many other businesses – a bit unusual. The company is led by a solo founder who also serves as its director and owner. Millennium Lasers regularly imports optical and medical tools and devices, with three months of import activity recorded, but exports irregularly, with just one month of activity as of March 2021. The company’s website highlights laser equipment sales, suggesting a focus on precision optics.

The business operates within the "other business support service activities n.e.c." industry, which can be a bit broad, but suggests a diverse range of services. While the website doesn’s offer a lot of detail, it’s clear the company is trying to establish itself as a supplier of laser-related equipment. It’s a small operation, meeting two of the three criteria for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Millennium Lasers Ltd shows a mixed picture. Current assets have decreased slightly, dropping by 0.92% to £560,000, while net assets increased by 11% to £320,000. Cash reserves remained stable at £530,000. Creditors decreased by 11%, suggesting improved debt management. However, trade debtors have increased by 6.6%, which could indicate a reliance on customer payments. The company’s small size means it’s exempt from an audit, so the figures are unaudited.

Overall, Millennium Lasers Ltd appears to be financially stable, though the increase in trade debtors is something to keep an eye on. The company’s reliance on a single employee and its virtual address suggest a lean operation, but its consistent import activity and focus on a specialized market could provide a solid foundation for future growth.

Registered in England/Wales under the registration number 09777798, with a registered address at SA7 9LA, Wales, Swansea, C/O Bevan Buckland Llp Ground Floor Cardigan House, Castle Court Swansea Enterprise Park.

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