Semitechnology Ltd

Semitechnology Ltd, based in Saffron Walden, UK, is a small, active company founded 14 years ago. With four employees and £1,315,269 in assets, it operates from a virtual address – registered at an address shared by 59 other companies – and is led by two directors and two owners. The company regularly imports electrical machinery and equipment, with its last import operation recorded in June 2019.

The company’s website, Semitechnology, positions itself as a leading European supplier of semiconductor components and tools. Founded nine years ago, it has grown from a small-scale operation into a business with branches in the UK, Netherlands, and France. It offers a range of services, from routine maintenance to refurbished equipment sales, catering to both small and large clients. The site highlights a focus on customer service, reliability, and fast quotations, emphasizing its ability to source obsolete parts and provide cost-effective solutions. It also features a separate division specializing in piano restoration, operating from Cambridge with a showroom in Harrods.

Financially, Semitechnology Ltd shows a mixed picture. Cash bank on hand increased significantly by 91%, reaching £680,000, while current assets decreased by 8.7% to £1,300,000. Trade debtors decreased by a substantial 53%, suggesting improved collection efforts. However, net current assets liabilities also decreased by 3.8% to £730,000. The company's small size (meeting two of three criteria for a small company) allows for agility, but the decrease in equity—3.8%—raises questions. The lack of an auditor mentioned likely means the financial statements are unaudited.

Overall, Semitechnology Ltd appears to be navigating a period of change. While cash reserves are strong, the decrease in equity suggests it may be burning through money. The dual focus on semiconductor components and piano restoration adds complexity, and whether these two ventures can support each other remains to be seen.

Registered in England/Wales under the registration number 07625064, with a registered address at CB10 1AF, Saffron Walden, Essex, Abbey House, 51 High Street.

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