Good Karma Eyewear Limited

Good Karma Eyewear Limited, based in Birmingham, UK, is a small, active company founded just three years ago in 2021. With £262,750 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Laurent Lisa Jayne. The business operates in the retail sale by opticians industries and boasts a perfect 5.0 Google rating from one review. It’s a regular importer of optical and medical tools and devices, with 16 months of import activity recorded, the latest in January 2025.

The company’s website, though currently unavailable, likely showcases a selection of eyewear and optical accessories. It’s unclear if they have a physical store or operate solely online. The fact that they’re listed as an optical wholesaler suggests a business-to-business model, supplying glasses and related products to other retailers or healthcare providers.

Financially, Good Karma Eyewear Limited shows a mixed picture. Current assets have increased by a significant 100% to £260,000, which is a positive sign. However, net assets have surged by an astonishing 2000% to £21,000, which could be due to retained earnings or other factors. Bank borrowings have increased by 550% to £52,000, and cash reserves have plummeted 100% to zero. Trade debtors have decreased slightly by 2.3%, suggesting better collection practices. Creditors have risen by 71%, and the company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the lack of cash reserves raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The sudden increase in bank borrowings, combined with the depletion of cash, suggests the company may be burning through money like a startup. While the increase in assets is encouraging, the lack of cash reserves could be a cause for concern. It's possible they're investing heavily in inventory or marketing to drive sales, but they'll need to manage their cash flow carefully to avoid running into financial difficulties. The company’s reliance on a single owner and director also presents a potential management risk, as the business is heavily dependent on their expertise and decision-making.

Registered in England/Wales under the registration number 13532402, with a registered address at B3 1PX, United Kingdom, Birmingham, West Midlands, 59-61 Charlotte Street St Pauls Square.

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