Niche Optical Tailor Limited

Niche Optical Tailor Ltd from Hamilton UK: a small, active company founded 24 years ago, employs four people, and holds £60,567 in assets. It operates from a virtual address, managed by three directors and one owner, and boasts a stellar 5.0 Google rating from 48 reviews. The company regularly imports optical and medical tools and devices, with 53 months of import activity recorded.

The company’s website highlights its focus on high-end eyewear. It sources collections from around the world, offering brands like Jacques Marie Mage and Rigards, as well as its own Niche Bazaar Studio label. Beyond retail, Niche Optical Tailor also provides eye care services, utilizing advanced equipment like AVA technology and OCT scans—offering more precise eye tests than many other opticians. The website also features a blog and contact form, and a range of useful links.

Financially, Niche Optical Tailor Ltd presents a mixed picture. Current assets increased by 11%, reaching £61,000, while net assets fell by 63%, settling at £1,100. Bank borrowings increased significantly, rising by 200% to £10,000, and cash reserves grew by 580%, reaching £27,000. Creditors also increased, rising by 13% to £62,000. 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 decline in equity raises questions. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

The company’s growth in cash reserves is a positive sign, but the decrease in equity suggests it may be burning through money. The increase in bank borrowings could indicate a need for additional capital. It’s unclear if the company is financially healthy, but it’s clear that it’s facing challenges.

Registered in Scotland under the registration number SC209671, with a registered address at ML3 7HX, Scotland, Hamilton, 16 Haddow Street.

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