Vision Engineering (far East) Limited

Vision Engineering Far East Ltd, based in Gateshead, UK, is a small, active company founded fifteen years ago. With just two employees and a real address, it’s a compact operation managed by a single director and owner, boasting a respectable 4.0 Google rating from nine reviews. The company regularly imports electrical machinery and equipment, with its last import operation recorded three months ago in August 2018.

The company’s website highlights Vision Engineering as a world leader in ergonomic microscopy, digital 3D visualisation, and metrology solutions. It offers a wide range of products, including stereo microscopes, digital inspection systems, and coordinate measuring machines, catering to industries like electronics, automotive, medical devices, and aerospace. The website also promotes its online UK shop, offering high-quality magnifiers, microscopes, and task lamps, and emphasizes its commitment to innovation and customer support.

Financially, Vision Engineering Far East Ltd presents a mixed picture. Accumulated depreciation for furniture and plant machinery remained steady, but motor vehicle depreciation increased by 7.2%. Cash reserves plummeted 98% to a mere £30, while bank borrowings decreased by 14%. Creditors also decreased significantly, by 27%, suggesting improved debt management. The company’s net assets declined by 23% to -£84,000. While the company meets the criteria for a small business—with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—the decline in equity and cash reserves is concerning. The company’s accounts are unaudited, as is typical for small companies.

The company’s focus on specialized equipment and ergonomic solutions suggests a niche market, but the financial data indicates potential challenges. Whether the company can maintain its growth trajectory and profitability remains to be seen.

Registered in England/Wales under the registration number 07075331, with a registered address at NE11 0JQ, Gateshead, Tyne And Wear, A6 Kingfisher House, Kingsway Team Valley Trading Estate.

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