Kirk Eyewear Ltd

Kirk Eyewear Ltd from Hove UK: small company, active status, founded 11 years ago, 6 employees, £1,396,302 assets, real address, 5 directors, 2 owners, family business, e-commerce site. Regular importer of optical and medical tools and devices (21 months imported). Regular exporter of optical and medical tools and devices (81 months exported). Kirk Eyewear Ltd is a small, family-run business based in Hove, UK, operating for eleven years. It employs six people and holds £1.39 million in assets. With a real address and five directors, it’s a well-structured operation, owned by two individuals. The company runs an e-commerce site and regularly imports and exports optical and medical tools and devices, with a strong export history spanning eighty-one months.

The company’s website, Kirk Eyewear, showcases a range of eyewear and accessories, suggesting a focus on optical products. While details on the website are limited, it appears to be a direct-to-consumer operation, selling directly to customers online. The site’s design is clean and modern, and it features high-quality product images. It seems they are selling directly to customers online.

Financially, Kirk Eyewear Ltd presents a mixed picture. Current assets have increased by 19%, reaching £1.4 million, while net assets have decreased by 10%, settling at £600,000. Bank borrowings have risen significantly by 90%, reaching £300,000, and cash reserves have fallen by 47%, now at £32,000. Creditors have also increased, but the decrease in debtors suggests improved payment collection. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the drop in equity is a cause for concern. No auditor is mentioned, which is typical for small companies exempt from an audit.

The increase in bank borrowings and decrease in cash reserves could indicate the company is investing in growth or facing short-term financial pressures. The rise in creditors might be linked to increased purchasing of inventory to support sales. Overall, Kirk Eyewear Ltd seems to be navigating a period of change, balancing growth with financial stability.

Registered in England/Wales under the registration number 08601892, with a registered address at BN3 7GS, England, Hove, Knoll Business Centre, 325-327 Old Shoreham Road.

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