Liteoptics Limited

Liteoptics Ltd, based in Saffron Walden, UK, is a small, active company founded nineteen years ago. With just two employees and £452,135 in assets, it’s a solo-founded operation managed by three directors. The company operates from a virtual address, registered to twenty-four other businesses, which raises some questions. It’s a regular importer and exporter of optical and medical tools and devices, having imported for 59 months and exported for 3 months, the latest import being December 2024.

The company’s website is not available, making it difficult to determine the specifics of its operations. It appears to be operating in the “other service activities n.e.c.” industry, which is a broad category.

Financially, Liteoptics Ltd presents a mixed picture. Cash bank on hand decreased by a significant 29%, falling to £170,000. Creditors increased by 42%, reaching £210,000, while debtors surged by a staggering 200%, reaching £290,000. This suggests a reliance on customer payments, or possibly extended credit terms. On the positive side, net current assets increased by 35%, reaching £250,000, and retained earnings grew by 28%, reaching £250,000. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 10 employees. There is no mention of an auditor, which is likely due to its small size and exemption from an audit.

The sharp increase in debtors could indicate challenges in collecting payments, or perhaps a strategic decision to offer more flexible payment options to boost sales. The decrease in cash reserves, while concerning, could be due to increased investment in inventory or marketing efforts. Overall, Liteoptics Ltd seems to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 05733909, with a registered address at CB10 1AF, England, Saffron Walden, Abbey House, 51 High Street.

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