Modern Eyewear Limited

Modern Eyewear Limited, based in Glasgow, UK, is a small, active company with a rich history, having been founded 70 years ago in 1955. Employing 16 people, the company holds £294,528 in assets and operates from a real address at Cambus House, Cambuslang Road. With four directors and one owner, Modern Eyewear is a regular importer of optical and medical tools and devices, with its last import operation recorded four months ago in March 2022.

The company’s website showcases a dual business model. Primarily, Modern Eyewear provides fashion eyewear and optical laboratory services to optometrists across the UK and Ireland. They offer exclusive brands like Nico Italia and Herbert Klein, alongside the more affordable Unbranded Eyewear range. Secondly, their optical laboratories, based in Glasgow and Belfast, offer glazed and surfaced uncut prescription lens services, utilizing computerised lens cutting generators to ensure high-quality finishes. The website also highlights an online ordering system launched in 2018 and a series of updates to their eyewear collections, demonstrating a commitment to innovation and customer service.

Financially, Modern Eyewear Limited presents a mixed picture. While current assets remain relatively stable at £290,000, net assets declined by 9.3% to £320,000. Bank borrowings decreased by 31% to £39,000, and cash reserves dropped 28% to £9,400. Creditors increased by 22% to £230,000, which may indicate increased investment or supplier costs. The company’s small size—meeting two of three conditions for being considered small—helps it remain flexible, but the decrease in equity warrants attention. As a small company, it’s exempt from an audit, and the financial statements are unaudited. The company’s assets are depreciating, and the motor vehicles are depreciating at a slower rate.

Registered in Scotland under the registration number SC030651, with a registered address at G72 7TS, Glasgow, Cambus House, 217 Cambuslang Road.

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