Bingham & Young Ltd

Bingham & Young Ltd, based in Gainsborough, UK, is a small, active company founded eight years ago. Employing just four people, it holds £24,294 in assets and operates an e-commerce site. It’s a solo founder operation led by a single director and owner, Uppal Charanjit. The company irregularly imports optical and medical tools and devices, with the last import occurring two months ago in March 2022.

The company’s website, Bingham Young Opticians, details a network of practices across Lincolnshire and Nottinghamshire, offering comprehensive eye care services. These include eye tests, lens fittings, colourimetry testing for visual stress, and even home visits. They specialize in premium lenses from brands like Zeiss, Hoya, and Nikon, and offer both private consultations and NHS-funded services. The website also highlights a history dating back to 1919, emphasizing local eye care expertise.

Financially, Bingham & Young Ltd’s report shows a mixed picture. While bank borrowings remained constant at £18,000, cash reserves were unchanged at £2,000. Creditors, however, increased by 13% to £190,000, and trade debtors stayed the same at £4,100. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible. The accounts were unaudited, and no auditor is mentioned. A significant increase in depreciation for computer equipment and furniture fittings suggests investment in the business, but the increase in creditors could indicate tighter cash flow. The company’s continued operation despite these financial pressures shows resilience, but the long-term sustainability of the business remains to be seen.

Registered in England/Wales under the registration number 10369617, with a registered address at DN21 2BE, United Kingdom, Gainsborough, Bingham & Young Ltd, 33, Market Street.

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