Brand Eyewear Ltd

Brand Eyewear Ltd, based in London, UK, is a small, active company established eight years ago. With just two employees and £72,660 in assets, it operates from a virtual address – a detail flagged by the registration of 28,807 other companies at the same location. The company is led by one director and one owner, with Faust Steven Saul holding both roles. It's a regular importer and exporter of optical and medical tools and devices, with 61 months of import activity and 7 months of export activity recorded.

The company’s website, Wolf Eyewear, focuses on supplying independent opticians with eyewear. The site showcases a range of collections, including Alpha, Mens, Womens, and Childrens eyewear, with a strong emphasis on bold styles and fun colours. The site also includes a blog offering style advice and highlighting the importance of eye health, and even a section dedicated to piano restoration – a surprising, and perhaps unrelated, venture.

Financially, Brand Eyewear Ltd has experienced a downturn. Current assets have fallen by a significant 45% to £73,000, while net assets have plummeted 54% to £24,000. Bank borrowings have decreased by 31%, and cash reserves have dropped 10%. Trade debtors have dramatically decreased by 83%, which could be a positive sign of improved collections, or a reflection of reduced sales. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements.

Overall, Brand Eyewear Ltd is facing financial headwinds, with a decrease in assets and equity. The company’s dual focus on eyewear and piano restoration, while potentially diversifying risk, could also be a distraction. Whether the company can navigate these challenges and maintain its position in the competitive eyewear market remains to be seen.

Registered in England/Wales under the registration number 10177007, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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