Photonic Limited

Photonic Limited is a small, active company based in London, UK, founded eight years ago. It’s a solo-founder operation with one director and employee, holding £8,228 in assets. The company operates in the wholesale of perfume and cosmetics, and retail sale via mail order houses or via internet.

The company’s website highlights its focus on distributed quantum computing, leveraging the memory and computing capabilities of spins and the connectivity of photonics to build the world’s first scalable, fault-tolerant networked quantum computer. It’s actively collaborating with DARPA and Microsoft, and has a strong emphasis on research and development, with publications, white papers, and a blog showcasing its technological advancements. The site also features career opportunities and emphasizes partnerships with companies like TELUS.

Financially, Photonic Limited’s recent performance shows some concerning trends. Cash bank on hand has dropped significantly by 58%, falling to £8,200. Current assets have also plummeted by 92%, down to £8,200, while net current assets and liabilities have increased by 78%. Creditors have decreased by 19%, which is a positive sign, but the sharp decline in cash and assets suggests the company is burning through money. The company’s equity has also decreased by 91%, to -£130,000. Despite being a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), these figures indicate a need for careful financial management. The lack of an auditor mentioned likely reflects its exemption as a small company.

It appears Photonic Limited is heavily invested in its quantum computing research, and while the Microsoft partnership is promising, the company needs to address its declining cash reserves to ensure its long-term viability.

Registered in England/Wales under the registration number 10603740, with a registered address at SE28 8HE, England, London, 35 Crowden Way.

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