Photonics Technologies Limited

Photonics Technologies Ltd, based in Weybridge, UK, is a small, family-run business with an active status. Founded thirteen years ago in 2011, the company employs just two people and holds £208,021 in assets. It operates from a real address and is managed by two directors and owners. The company regularly imports and exports optical and medical tools and devices, with 40 months of import activity and 34 months of export activity recorded.

The company’s website, while not fully detailed, suggests a focus on the manufacture of optical precision instruments. It’s a niche area, and the company appears to be targeting a specific market.

Financially, Photonics Technologies Ltd presents a mixed picture. Current assets have fallen significantly, dropping 51% to £210,000, while bank balances have shrunk by a considerable 28%, settling at £100,000. Creditors have also decreased substantially, falling 65% to £74,000, which could indicate improved debt management. However, trade debtors have experienced a dramatic 78% decrease, suggesting potential issues with customer payments. Equity has also declined by 36%, dropping to £140,000. 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 flexibility, but the decrease in equity is a concern. No auditor is mentioned, likely due to the company’s exemption as a small business, meaning the figures are unaudited.

The company’s financial situation suggests it's facing some challenges, though it's not necessarily burning through money. The decrease in assets and equity could be due to various factors, such as increased competition, changing market conditions, or investments in new equipment. It’s possible that the company is reinvesting profits back into the business, which could explain the decrease in cash reserves.

Registered in England/Wales under the registration number 07741073, with a registered address at KT13 8AH, Weybridge, Ibex House, Baker Street.

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