Phase2 Microwave Limited

Phase2 Microwave Ltd from Stevenage UK: a small, active company founded 20 years ago, employs nine people, and holds £258,618 in assets. It’s a real address with five directors and five owners, and boasts a perfect 5.0 Google rating based on one review. The company regularly imports and exports electrical machinery and equipment – 12 months of imports and 10 months of exports.

Phase2 Microwave specializes in the design, manufacture, and supply of microwave components and subsystems, serving customers across the UK, Europe, and beyond. The company’s website highlights its focus on filters, diplexers, directional couplers, and other microwave components, targeting markets like space, radar, satcomms, defense, security, and commercial applications. They even offer design consultancy and standard products. It's clear they’re a technology-driven business expanding their product portfolio.

Financially, Phase2 Microwave’s recent report shows some concerning trends. Current assets have decreased by 42% to £260,000, and net assets have fallen by 56% to £75,000. Bank borrowings have decreased by 22%, which is a positive sign, but cash reserves have fallen by 49% to £100,000. Creditors have also decreased by 33%. The company’s small size (meeting two of three conditions for being a small company) allows for agility, but the significant drop in equity raises questions about its financial health. No auditor is mentioned, which is likely due to its status as a small company exempt from an audit.

Overall, Phase2 Microwave appears to be facing some financial pressures despite its strong market presence and positive customer reviews. The decrease in assets and equity suggests the company is burning through money, though the reduction in bank borrowings is a slight relief. It’s a company to watch closely to see if it can weather these challenges and continue its expansion.

Registered in England/Wales under the registration number 05317556, with a registered address at SG1 4QX, Stevenage, Hertfordshire, Unit 1 Boulton Road, Pin Green Industrial Estate.

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