Optect Ltd

Optect Ltd from Bath UK: a small, active company founded seven years ago, employs seven people, and holds £555,689 in assets. It’s a real address with two directors and two owners. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with just one month of imports recorded as of February 2022.

The company's website reveals a fascinating specialization: developing and commercializing wireless laser-based optical communication technology. Optect has created the world's first optically enhanced long-range flame detector, the IR3, capable of detecting even a single candle flame from 20 meters away. Its application focuses on protecting power lines, with devices installed every kilometer to cover areas under the lines and nearby forests. The system provides early warnings of fires, situational awareness, and high reliability, enabling immediate resource commitment. The company even featured on a BBC podcast and won a life-saving solution award in Miami. They are currently accepting partners for a pilot program.

Financially, Optect Ltd shows some interesting trends. Cash reserves have surged by a remarkable 490%, reaching £320,000, while current assets have also increased significantly by 130% to £560,000. However, creditors have also risen, although not as dramatically, by 22% to £100,000. The company’s net assets have increased by a substantial 340% to £550,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors suggests a need to manage cash flow carefully. The company’s deferred income has also increased by 240%, which could be a good sign of future revenue. There is no auditor mentioned, which is common for small companies.

Registered in England/Wales under the registration number 11028904, with a registered address at BA1 2LN, England, Bath, 28 Brock Street.

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