Binocular Outlet Limited

Binocular Outlet Limited, based in Rotherham, UK, is a small, active company founded 16 years ago in 2008. Employing just two people, it holds £88,343 in assets and operates from a real address. With two directors and a solo founder, the company runs an e-commerce site with a respectable Google rating of 4.0 based on four reviews. It’s a family business established in 2007, specializing in optics and accessories.

The website showcases a wide range of binoculars, monoculars, spotting scopes, and related equipment, catering to various uses from birdwatching to astronomy. They are the UK's largest retailer of Visionary, Ostara, and Olivon Kepler Optik brands, and offer a selection of accessories like eyepieces, filters, and tripods. The site also features a blog with guides for beginners and information on astronomy.

Financially, Binocular Outlet Limited presents a mixed picture. While current assets decreased by 9.6% to £88,000, net current assets liabilities increased significantly, jumping 420% to -£25,000. Cash bank on hand plummeted 82%, leaving just £3,800. Trade debtors rose 13%, suggesting customers are taking longer to pay. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in cash reserves and net assets raises concerns. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

The company's financial situation suggests it might be burning through money, although it’s difficult to say for sure. It's possible that increased marketing efforts or investments in inventory contributed to the cash outflow. The management team, consisting of two directors, will need to carefully monitor these trends to ensure the company’s long-term sustainability.

Registered in England/Wales under the registration number 06663019, with a registered address at S62 7FB, Rotherham, South Yorkshire, 103 Haugh Green, Rawmarsh.

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