Mcgrath Opticians Limited

Mcgrath Opticians Limited, a small, active company established 67 years ago, operates from a real address on Byres Road in Glasgow. With five employees and £38,859 in assets, this family-owned business has a stellar 5.0 Google rating based on 19 reviews. Two directors and two owners manage the company, which has been importing optical and medical tools and devices irregularly for the past two months.

The company’s website, McGrath Bespoke Opticians, highlights a personalized approach to eyewear styling, eye appointments, and consultations. They position themselves as purveyors of niche, bespoke eyewear, emphasizing quality and a more personal experience than typical retailers. The website details a unique process: one-on-one frame and lens fittings, a curated selection of eyewear from family-owned companies, and expert advice from experienced opticians. They even offer custom-made frames, appealing to clients seeking a truly unique look. The website’s testimonials are overwhelmingly positive, with clients praising the staff, service, and selection.

Financially, McGrath Opticians Limited shows some interesting trends. Accrued liabilities decreased by 20%, while cash bank on hand dropped significantly by 65% to £6,200. Trade debtors increased by 27%, which could indicate an increase in credit sales or delayed payments. Equity, however, saw a substantial increase of 120%, suggesting a reinvestment of profits or perhaps a new investment. Despite a decrease in creditors, the company’s overall net assets remained stable. The company is exempt from an audit, so the financial data is unaudited. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the fluctuating cash reserves warrant a closer look.

Registered in Scotland under the registration number SC032882, with a registered address at G12 8UB, 251 Byres Road, Glasgow.

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