Phase Photonics Ltd

Phase Photonics Ltd, based in Morpeth, UK, is a small, active company founded seven years ago in 2018. It employs just one person and holds £12,182 in assets. With a real address and a single director, the company operates with a lean structure. It’s an irregular importer, primarily dealing in optical and medical tools and devices, with the last import activity recorded one month ago in September 2022. There are no owners reported, which is unusual.

The company’s website highlights its focus on precision spectroscopy solutions, offering spectrometers and related equipment. It caters to industries like manufacturing and research, providing instruments for various applications, including fine sight, hypersight, nirsight, and rapidsight. The site features a newsletter signup and contact information, suggesting a direct-to-customer sales model.

Financially, Phase Photonics Ltd’s numbers show a mixed picture. Cash reserves have jumped significantly, increasing by 330% to £12,000, which is good. However, net assets have also improved, rising to £950, but this is from a very low base. Trade debtors have fallen dramatically, dropping 88% to just £360, which could indicate improved collection or reduced sales. Property, plant, and equipment have decreased by 25%, and the company’s net current assets and liabilities have improved, but it’s still operating at a loss. The company is small, meeting two of three criteria for size, and there's no auditor mentioned, which is common for small companies.

Overall, Phase Photonics Ltd appears to be navigating a challenging financial landscape. The increase in cash is positive, but the decrease in property, plant, and equipment and the ongoing losses suggest the company is burning through money, although it's not clear if this is a typical startup phase or a longer-term issue.

Registered in England/Wales under the registration number 11343859, with a registered address at NE61 2BH, United Kingdom, Morpeth, 22 Westgate.

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