Spectrum Technologies Limited

Spectrum Technologies Ltd, based in Bridgend, UK, is a holding company with an active status, celebrating 35 years in business. Employing 42 people and boasting assets of £7,868,956, the company has a real address and is overseen by two directors and one owner. A stellar 5.0 Google rating from six reviews highlights its reputation. Spectrum Technologies regularly imports optical and medical tools and devices (237 months) and exports machinery, boilers, and mechanical appliances (371 months).

The company’s website reveals a focus on laser wire marking and stripping technology. Spectrum Technologies operates two distinct divisions: a core business focused on laser wire marking and stripping, and a separate division specializing in high-end piano restoration. The piano division, operating from Cambridge, even has a showroom in Harrods, London, showcasing museum-grade restorations and self-play system integrations. The website emphasizes innovation, quality, and a commitment to customer service.

Financially, Spectrum Technologies Ltd presents a mixed picture. While cash reserves increased by 16% to £2.8 million, net assets grew by a substantial 28% to £3.8 million. However, trade debtors decreased by 25%, suggesting potential issues with customer payments. Bank borrowings remained relatively stable, and creditors increased by 31%, indicating growing short-term liabilities. The company’s net profit remained steady at £1.2 million. The lack of auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s dual focus on laser technology and piano restoration suggests a diversified business model. The growth in assets and cash reserves is positive, but the decrease in trade debtors warrants attention. It’s likely the company is navigating the challenges of maintaining growth while managing its working capital effectively.

Registered in England/Wales under the registration number 02385991, with a registered address at CF31 3RT, Bridgend, Mid Glamorgan, Western Avenue, Bridgend Industrial Estate.

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