Magneteyes Uk Limited

Magneteyes UK Limited, based in London, is a small, active company founded 20 years ago in 2004. With £22,244 in assets and a real address in Victoria, it operates with two directors and two owners. It boasts a solid 4.0 Google rating based on three reviews. The company specializes in retail sales via mail order and internet, specifically focusing on magnetically connected eyewear made in the UK. Its website highlights "TEYES" – London Readers and Prescription Glasses – emphasizing quality, lightweight materials, and unique magnetic front connections. The site also features accessories, spare parts, and a blog with frequently asked questions.

Magneteyes UK Limited’s website clearly positions it as an e-commerce business. The focus is on selling eyewear directly to consumers, with a strong emphasis on the product’s unique features and benefits. The site is well-designed and user-friendly, with clear product descriptions, high-quality images, and a secure checkout process. The company's branding emphasizes British craftsmanship and innovation, appealing to customers seeking stylish and functional eyewear. It seems like they're doing well with online sales.

Financially, Magneteyes UK Limited presents a mixed picture. Current assets have fallen by 20% to £22,000, while net assets have declined by 3.5% to -£380,000. Bank borrowings have decreased by 15% to £13,000, and creditors have increased by 1.8% to £400,000. 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 negative equity suggests a reliance on creditors to fund operations. The lack of employees (zero reported) points to a lean structure, and with no auditor mentioned, the unaudited figures require careful interpretation. It seems like they are struggling to stay afloat.

Registered in England/Wales under the registration number 05124237, with a registered address at SW1V 1BZ, England, London, Suite 106, 95 Wilton Road Suite 106, 95 Wilton Road, Victoria.

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