Medway Optics Limited

Medway Optics Ltd, based in Streatham, UK, is a small, active company established 22 years ago. With a single employee and £347,914 in assets, it’s a modest operation overseen by two directors and one owner, Afran Alfred. The company operates from a real address and regularly imports and exports optical and medical tools and devices – 8 months of imports and 16 months of exports recorded. It's a private limited company registered in England/Wales.

The company's website, infomedwayoptics.com, showcases a wide range of precision optics components, subassemblies, and accessories for infrared, far-infrared, UVVis instrumentation, and spectroscopy. It appears to be primarily an e-commerce business, selling directly to customers and offering a variety of products, including infrared laser optics, optical coatings, and waveplates. The site also highlights custom optics and microscopy solutions, catering to a specialized market. There’s no indication of a physical retail location.

Financially, Medway Optics Ltd presents a mixed picture. Current assets have increased by 24%, reaching £350,000, while cash bank on hand has seen a healthy growth of 34%, now at £310,000. However, trade debtors have decreased by 30%, falling to £29,000, which could indicate slower customer payments. Creditors have also decreased significantly, by 57%, to £14,000, suggesting improved debt management. Despite this, equity has increased by 33%, reaching £310,000, and net assets are also up to £310,000. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible. No auditor is mentioned, likely due to the small company exemption.

Overall, Medway Optics Ltd seems to be financially stable, with growing assets and improved debt management. The increase in cash reserves is a positive sign. However, the decrease in trade debtors warrants monitoring. It’s a small but established business in a specialized market, and the financials suggest it's holding its own.

Registered in England/Wales under the registration number 04541204, with a registered address at SW16 6HH, Streatham, London, Douglas Business Services Ltd, 342 Streatham High Road.

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