Manchester Optical Ltd

Manchester Optical Ltd, based in Ashton-Under-Lyne, UK, is a small, active company established 22 years ago. With three employees and £113,830 in assets, it operates from a virtual address shared by 31 other companies, and is managed by five directors and two owners. The company boasts a stellar 5.0 Google rating from 25 reviews, and is an irregular importer of optical and medical tools and devices, with the last import occurring in December 2023.

The company's website, infomanchesteroptical.com, highlights its services as an independent optician, offering prescription glasses, sunglasses, and lens replacements at competitive prices. It emphasizes savings compared to high street opticians and provides on-site manufacturing, with a factory shop offering a wide range of frames and lenses. The website also features informative articles on eye health and vision correction. It seems they are very keen on being a one-stop-shop for all optical needs.

Financially, Manchester Optical Ltd presents a mixed picture. Accumulated depreciation on plant and machinery increased by 8.3%, while bank borrowings decreased by 37%, indicating a reduction in debt. Cash reserves, however, jumped a substantial 170%, suggesting improved liquidity. A significant drop in retained earnings, however, shows a decrease of 87%, which could be due to increased operational expenses or reinvestment in the business. Trade debtors decreased by 19%, which is a positive sign of improved cashflow management. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decrease in equity warrants closer attention. No auditor is mentioned, which is common for small companies.

Overall, Manchester Optical Ltd seems to be navigating a challenging environment. The company’s strong Google rating and focus on customer service are positive indicators, but the decrease in equity and the need for improved cashflow management are areas to watch.

Registered in England/Wales under the registration number 04746961, with a registered address at OL7 0NT, Ashton-Under-Lyne, Lancashire, 277 Stockport Road.

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