Hr Optics Limited

Hr Optics Limited, based in Birmingham, UK, is a small, family-run business with an active status. Founded thirteen years ago in 2011, it employs nine people and holds £840,973 in assets. The company has three directors and three owners, operating from a real address and serving as an irregular importer of optical and medical tools and devices—with just one month of imports recorded as of June 2023.

The company operates within the "other human health activities" industry, and its website, while not providing detailed information, suggests a focus on optical services. It’s a small company, meeting two of three criteria for size (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). The company's website is not available for review.

Financially, Hr Optics Limited shows a mixed picture. Current assets increased by 35% to £840,000, while net assets grew by 20% to £680,000. Cash reserves saw a significant boost, increasing by 65% to £580,000. However, creditors also rose considerably, jumping 64% to £200,000. Trade debtors increased by 32% to £15,000. The company’s bank borrowings are not available. The increase in creditors suggests a possible need to manage payment terms. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s average number of employees decreased by 22% to seven, which could be a result of restructuring or seasonal fluctuations. The increase in cash reserves is a positive sign, but the rising creditors need to be monitored. Hr Optics Limited appears to be holding steady, but the management should keep a close eye on its payment terms and ensure sustainable growth.

Registered in England/Wales under the registration number 07805939, with a registered address at B28 0DY, United Kingdom, Birmingham, West Midlands, The Gables, 37 Paradise Lane, Hall Green.

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