Polymer Optics Limited

Polymer Optics Ltd, based in Coventry, UK, is a small, active company founded 26 years ago in 1998. With eight employees and £811,241 in assets, it’s a well-established player in its field. The company has two directors and a single owner, who is also the solo founder. While it imports electrical machinery and equipment irregularly (just two months of activity), it’s a regular exporter of optical and medical tools and devices, with 122 months of export activity recorded.

The company’s website showcases its expertise in lighting technology, offering bespoke design, development, and manufacturing services. It caters to industries like automotive, lighting, white goods, safety, and defence, providing both off-the-shelf products and custom solutions. Polymer Optics highlights its ability to reduce production costs and lead times through advanced optical design and manufacturing techniques. The site also features case studies showcasing its work in areas like LED optics, visor creation, and PIR cap lens development. It’s clear that Polymer Optics is focused on high-value, specialised optical solutions.

Financially, Polymer Optics Ltd presents a mixed picture. Cash bank on hand has plummeted by a significant 91%, falling to just £19,000, while accrued liabilities have increased by 73% to £12,000. Debtors have risen sharply by 82%, reaching £340,000, which could indicate increased sales but also potential payment delays. On the positive side, creditors have decreased by 28%, suggesting better management of short-term liabilities. Equity, however, has only increased slightly, by 4.6%, to £660,000. The company’s small size (meeting two of three conditions for being a small company) allows for agility, but the decline in cash reserves warrants attention. No auditor is mentioned, which is common for small companies.

Overall, Polymer Optics Ltd appears to be a well-established, specialised business facing some short-term financial pressures. Its focus on high-value optical solutions and strong customer relationships should provide a solid foundation for future growth, but monitoring cash flow will be critical.

Registered in England/Wales under the registration number 03593960, with a registered address at CV8 3FZ, England, Coventry, The Hall, Priory Hill Rugby Road, Wolston.

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