Optical Metrology Services Limited

Optical Metrology Services Ltd, based in Stansted, UK, is a small, active company celebrating 20 years in business. Founded in 2004 by a solo entrepreneur, the company employs 34 people and holds £7,348,767 in assets. It has a real address and is managed by two directors and one owner. With a stellar 5.0 Google rating from eight reviews, it’s a well-regarded player in its field. The company regularly imports and exports optical and medical tools and devices, with 55 months of import activity and 76 months of export activity recorded.

The company’s website showcases its expertise in measurement, inspection, and remediation services for the energy sector. It specializes in pipe end measurement, weld inspection, and robotic solutions, catering to oil, gas, renewable, and nuclear industries. They offer services like weld overlay inspection, coatability inspection, and corrosion identification, often deploying advanced technologies like crawlers and robots. The website highlights project wins and emphasizes its ability to help clients avoid rejected pipe and address stress corrosion cracking issues.

Financially, Optical Metrology Services Ltd presents a mixed picture. While cash reserves increased by a substantial 140% to £3.7 million, net assets declined by 48% to £1.8 million. Bank borrowings surged by 460%, reaching £5 million, and trade creditors increased by 100% to £6.6 million. Debtors also rose by 14%, reaching £3.1 million. Despite these pressures, 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. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited director’s reports.

The increase in bank borrowings and the decrease in net assets suggest the company may be investing heavily in growth or facing short-term financial challenges. The rising debt levels could be a concern, but the increased cash reserves provide some buffer. Overall, Optical Metrology Services Ltd appears to be a dynamic company navigating the complexities of the energy sector, but its financial health warrants close monitoring.

Registered in England/Wales under the registration number 05169556, with a registered address at CM24 8GF, Stansted, Essex, Unit 9 - M11 Business Link, Parsonage Lane.

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