Concept Eye Clinic Limited

Concept Eye Clinic Limited, based in Newcastle Upon Tyne, UK, is a small, active company founded 19 years ago. With 28 employees and £1,374,506 in assets, it operates from a real address and is managed by a single director and owner. The company boasts a 3.0 Google rating based on two reviews and regularly imports optical and medical tools and devices, with the latest import activity occurring in September 2024.

The company’s website showcases a network of specialist eye clinics across the UK, from Scotland to London, offering comprehensive eye care services, including eye examinations, contact lens fittings, myopia control, and specialist eye treatments. It also features a designer eyewear collection and a lens guide, emphasizing fashion, function, and protection. The site promotes a “Concept Life” care plan offering interest-free payments and state-of-the-art eye care. It’s clear the company is trying to position itself as a premium provider, offering more than just a standard eye test.

Financially, Concept Eye Clinic Limited is showing some concerning trends. Current assets have dropped by 30% to £1,400,000, while net assets have fallen by 17% to £3,700,000. Bank borrowings have decreased by 31% to £1,100,000, and cash reserves have fallen 17% to £75,000. Creditors have increased by 32% to £790,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity and rise in creditors suggests it’s burning through cash. The average number of employees increased by 25%, which could indicate expansion or increased workload. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Concept Eye Clinic Limited appears to be navigating a challenging financial period. While its network of clinics and premium service offerings suggest a strong brand, the declining financial metrics warrant close monitoring. The recent change in the list of directors four months ago could be a sign of restructuring or a new strategic direction, but it’s too early to tell.

Registered in England/Wales under the registration number 05580236, with a registered address at NE6 1DS, Newcastle Upon Tyne, 110-112 Shields Road, Byker.

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