Geoff Steven & Sons Limited

Geoff Steven and Sons Ltd, based in Hexham, UK, is a small, family-run business with an active status, having been founded fourteen years ago. Employing thirty-six people and holding assets of £282,799, it operates from a real address and is managed by four directors and two owners. The company boasts a stellar 5.0 Google rating from forty-two reviews and is a regular importer of optical and medical tools and devices, having imported for five months, the last operation being in May 2023.

The company's website highlights its long history, tracing back to 1946 when George Steven established the business after World War II. Now run by George's grandsons, Chris and Mark Steven, the fourth generation of optometrists in the Steven family, the company operates three practices in Hexham, Haltwhistle, and Ponteland. It specializes in sourcing unique eyewear from Paris, Denmark, and Austria, using Carl Zeiss precision lenses. The website emphasizes superior optical expertise, a 30-day "love your glasses" guarantee, and even offers financing options.

Financially, Geoff Steven and Sons Ltd shows a mixed picture. Current assets decreased by 6.1% to £280,000, while net assets remained steady at £190,000. Bank borrowings declined significantly by 49%, reaching £38,000, and cash reserves dipped slightly to £37,000. Creditors also decreased by 17%, suggesting improved debt management. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the slight decrease in assets warrants attention. The company is exempt from an audit, so the figures are unaudited.

Overall, Geoff Steven and Sons Ltd appears to be a well-established business with a strong reputation, but it's important to monitor its financial trends to ensure continued success.

Registered in England/Wales under the registration number 07443222, with a registered address at NE46 1XG, Hexham, Northumberland, 10 Market Place.

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