Vortex Optical Coatings Limited

Vortex Optical Coatings Ltd from Wellingborough, UK, is a small, active family business founded sixteen years ago. With nine employees and £1,087,605 in assets, the company operates from a real address and is led by one director and two owners. They’re regular importers and exporters, bringing in and sending out optical and medical tools and devices for the last forty-one months.

The company specialises in the design and manufacture of optical filters and coatings, operating between 0.3um and 6um. Their website showcases a wide range of products, including narrow bandpass filters, anti-reflection coatings, and beamsplitters, catering to industries like aerospace. They pride themselves on excellent customer service, quick lead times, and flexible call-off schedules, even offering onsite dicing services. The website details a fully automated coating process using ten high-energy sputter deposition machines, allowing them to handle both large-scale production and small-scale development projects.

Financially, Vortex Optical Coatings Ltd shows a mixed picture. While current assets increased by 14%, reaching £1.1 million, net assets grew by a more substantial 30%, hitting £1.2 million. However, bank borrowings decreased by 14%, and cash reserves dropped by 30%, settling at £490,000. Trade debtors increased significantly, rising by 140%, suggesting a potential reliance on customer payments. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The lack of an auditor mentioned likely reflects their exemption as a small company, so the figures are unaudited.

The increase in trade debtors could indicate a period of growth, but it also presents a risk if customer payments are delayed. The decrease in cash reserves, combined with the increase in bank borrowings, suggests the company may be investing in its operations or facing increased expenses. Overall, Vortex Optical Coatings Ltd seems to be a thriving, albeit small, business, but keeping a close eye on its cash flow will be important for its continued success.

Registered in England/Wales under the registration number 06662732, with a registered address at NN8 5AA, Wellingborough, Isis Business Support Services Ltd, 2 Debdale Road.

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