Vac Coat Ltd

Vac Coat Ltd, based in London, UK, is a small, active company founded six years ago in 2019. With two employees and £287,091 in assets, it operates from a virtual address – a fact highlighted by the presence of 130 other companies registered at the same location. The company is led by one director and has two owners, though the list of owners changed three years ago.

Vac Coat Ltd’s business model is a bit unusual. It’s an irregular importer of electrical machinery and equipment, with just one month of import activity recorded as far back as September 2020. However, it’s a regular exporter of optical and medical tools and devices, with sixteen months of export activity, the latest in December 2024. The company operates within the ‘other professional, scientific and technical activities n.e.c.’ industries.

The company’s website, Vac Coat, showcases a wide range of vacuum coating systems – from desk sputter coaters to pulsed laser deposition systems. It positions itself as a leading designer and manufacturer of custom-made systems, catering to academic and industrial clients. The site details various technologies like physical vapor deposition (PVD) and emphasizes high-quality components and a worldwide distribution network. It seems the company is focused on providing specialized equipment rather than direct retail.

Financially, Vac Coat Ltd’s recent performance presents a mixed picture. Cash reserves have taken a significant hit, decreasing by 59% to £32,000. Trade debtors have also fallen considerably, dropping 46% to £210,000. However, creditors have decreased by 53% to £230,000. 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 it to remain nimble, but the decline in cash flow could present a challenge. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements. It seems like the company is burning through money like a startup.

Registered in England/Wales under the registration number 11944607, with a registered address at NW11 8ED, United Kingdom, London, 8b Accommodation Road, Golders Green.

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