Joy Optical Limited

Joy Optical Ltd, a small, active company based in London, UK, has been serving the community for 19 years. Founded in 2006, this family-oriented practice employs four people and holds £651,373 in assets. It operates from a virtual address, registered at 24 Wandsworth Road, a location shared by fourteen other companies, which is a little unusual. The company has three directors and one owner, Ayub Tariq, and boasts a stellar 5.0 Google rating from 127 reviews. Joy Optical is a regular importer, specializing in optical and medical tools and devices, with its most recent import activity occurring in June 2024.

The company’s website, joyoptical.co.uk, highlights its role as an independent optician in South West London. It emphasizes a family-oriented practice with a highly qualified team, providing a bespoke service and utilizing the latest equipment. The website also showcases a partnership with Lindberg Eyewear and offers a wide range of services, including eye examinations, contact lens fittings, and designer eyewear. The website also mentions a history stretching back over 60 years, previously known as Sangers, Prospecs and Raz Opticians.

Financially, Joy Optical Ltd presents a mixed picture. While cash reserves declined by 24% to £600,000, creditors dropped significantly by 57% to £170,000, suggesting improved debt management. Equity, however, increased by 11% to £480,000. Future minimum lease payments decreased by 27%, and bank borrowings have fallen. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decline in cash reserves warrants attention. The company’s unaudited financial statements, as they are exempt, rely on director-reported data. The lack of an auditor is not unusual for a small company.

Registered in England/Wales under the registration number 05724587, with a registered address at SW8 2JW, London, 24 Wandsworth Road.

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