Oxford Ionics Limited

Oxford Ionics Limited, based in Oxford, UK, is a small, active company founded six years ago in 2019. With 23 employees and £25.8 million in assets, it operates from a real address within the Oxford Technology Park. The company is led by four directors and owned by two individuals, Ballance Chris and Harty Thomas Peter. It’s a regular importer, primarily of optical and medical tools and devices, with 56 months of import activity recorded.

The company’s focus is on developing and commercializing high-performance quantum computers. Its website highlights a unique approach combining trapped-ion qubits with semiconductor manufacturing to create scalable, market-ready systems. They’re targeting industries like chemistry, logistics, and finance, promising to revolutionize productivity, sustainability, and quality of life. The website also features news updates, including a development roadmap to scalable fault-tolerant computing, selection for DARPA’s Quantum Benchmarking Initiative, and the grand opening of their new headquarters. They are clearly investing in both technology and public relations.

Financially, Oxford Ionics Limited presents a mixed picture. While current assets remained steady at £26 million, cash reserves plummeted by over 50% to £12 million. This suggests a significant investment phase or increased operational expenses. Creditors increased substantially by 470% to £2 million, and debtors tripled to £3.5 million, which could be a result of expanding sales or delayed payments. Equity, however, took a hit, dropping 130% to -£6.2 million. The number of employees increased by 70% to 39, which is a good sign, but it also means higher payroll costs. It’s worth noting that intangible assets have increased by 250%, indicating investment in research and development. The company is a small entity, meeting two of three criteria for size, and no auditor is mentioned, likely due to exemption as a small company.

Overall, Oxford Ionics appears to be burning through cash as it invests heavily in its quantum computing technology. While the company’s ambitious goals and technological advancements are promising, its financial health will depend on securing further funding and converting its innovations into revenue.

Registered in England/Wales under the registration number 11795789, with a registered address at OX5 1GN, England, Oxford, 6a Technology Drive, Oxford Technology Park.

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