Eastern Optical Company Limited

Eastern Optical Company Ltd, based in Wisbech, UK, is a small, active company founded twenty years ago in 2005. With just one employee and £16,703 in assets, it’s a modest operation managed by two directors and a single owner. The company operates an e-commerce site and regularly imports optical and medical tools and devices – a consistent 35-month import history with the latest activity in August 2023. It also exports these items, though irregularly, with only one month of export activity recorded as of November 2020.

The company’s website, easternoptical.co.uk, showcases a wide range of optical equipment, from acuity systems and refractors to slit lamps and diagnostic tools. It caters to both professional and individual customers, offering new, used, and refurbished equipment. The site emphasizes quality products from global suppliers, alongside a friendly and professional delivery and repair service. It’s clear that Eastern Optical aims to be a one-stop shop for optical professionals.

Financially, Eastern Optical’s report reveals a mixed picture. Current assets have plummeted by a staggering 80%, dropping to £17,000. Bank borrowings have decreased significantly by 27%, reaching £46,000, and cash reserves have increased by a remarkable 540%, now at £6,000. However, net assets have decreased by 82%, now at -£140,000. Trade debtors have also decreased significantly by 89%, now at £1,900. The company’s small size (meeting two of three conditions for being small) helps with agility, but the sharp equity drop is concerning. As a small company, it is exempt from an audit, so the financial statements are unaudited.

In conclusion, Eastern Optical Company Ltd appears to be navigating a challenging financial environment. While its e-commerce platform and product range suggest a viable business model, the declining equity and reduced assets warrant careful monitoring.

Registered in England/Wales under the registration number 05337916, with a registered address at PE13 4UB, England, Wisbech, Rummers Farm Rummers Lane, North Brink.

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