Evolution Eyewear Ltd

Evolution Eyewear Ltd, based in Basingstoke, UK, is a small, active company established seven years ago. With a single employee and £96,349 in assets, the company operates from a real address and is overseen by two directors and one owner. It’s a regular importer and exporter of optical and medical tools and devices, with 48 months of import activity and 5 months of export activity recorded.

The company’s website, Evolution Sunglasses, showcases over 200 models of eyewear, including shooting, polarised, sports, and prescription sunglasses. The site caters to a wide range of activities, from shooting and fishing to cycling and skiing, and emphasizes compliance with BS EN ISO 123121 standards and UV400 protection. The site also offers a 2-year guarantee, and a wide range of accessories and spares.

Financially, Evolution Eyewear Ltd’s recent performance presents a mixed picture. While cash reserves have decreased by 63% to £2,800, current assets have only dropped slightly to £90,000. Bank borrowings have significantly decreased by 32%, settling at £13,000, and creditors have also fallen, suggesting improved debt management. However, the most striking change is the surge in total inventories, which has increased by 110% to £75,000. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is common for small, exempt companies.

The increase in inventory suggests the company may be stocking up in anticipation of future demand, or perhaps facing challenges in selling existing stock. The decrease in cash reserves, while concerning, could be a result of increased investment in inventory or other operational expenses. Overall, Evolution Eyewear Ltd appears to be navigating a period of transition, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 10793760, with a registered address at BH16 6NL, England, Poole, Unit 30 Unit 30 Glenmore Business Park, Holton Heath.

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