Bayfields Group Limited

Bayfields Group Limited, based in Shipley, UK, is a holding company with an active status, founded twelve years ago in 2013. The company employs 69 people and holds £4,992,814 in assets. While it has a registered address, thirty-eight companies share the same location, suggesting a virtual address. The business is run by seven directors and has three owners, though the list of owners changed five years ago and isn't exhaustive. It's a family business and a regular importer, specializing in optical and medical tools and devices, with the last import operation made in June 2024.

Bayfields Group Limited operates primarily as an eye and hearing care provider, offering services like eye tests, glasses fittings, and hearing aid consultations. Its website showcases a focus on personalized care and state-of-the-art technology, with a clear emphasis on attracting new customers through offers and promotions. The company also provides informative blog content, covering topics like eye health, contact lens care, and hearing loss prevention.

Financially, Bayfields Group Limited presents a mixed picture. Accumulated amortisation impairment intangible assets increased by 36%, with goodwill showing a significant rise. Bank borrowings decreased by 11%, and staff costs increased by 19%, reflecting the growing workforce. However, cash and cash equivalents fell by a substantial 67%, indicating a potential need to manage liquidity. Despite these challenges, the company’s net assets remain negative, at -£4.3 million, and net loss increased by 49%. The company is audited by Azets Audit Services Limited.

The company’s growth in staff costs and assets suggests expansion, but the decline in cash reserves warrants closer attention. While the company's focus on customer service and online presence is commendable, maintaining financial stability will be crucial for its long-term success.

Registered in England/Wales under the registration number 08355043, with a registered address at BD17 7RH, England, Shipley, The Glasshouse, Unit E The Avenue, Esholt.

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