Optical Express (westfield) Limited

Optical Express (westfield) Limited, based in Glasgow, UK, is a sizable company with a 29-year history, currently employing 321 people and managing assets worth £17.55 million. The business, a holding company with an active status, generated £15.21 million in revenue last year. While it has a registered address, it’s likely a virtual one, as sixty-one companies share the same location. The company is overseen by three directors and has one owner, with a solid 4.0-star rating from 607 Google reviews. It regularly imports and exports optical and medical tools and devices, with a history of 7 months of imports and 11 months of exports.

The company operates within the "other human health activities" industries, offering a range of services including laser eye surgery, lens replacement, cataract surgery, and eye health consultations. Its website showcases a comprehensive suite of treatments and products, from glasses and contact lenses to advanced surgical procedures. It’s clear that Optical Express is a full-service eye care provider, catering to a wide range of patient needs.

Financially, Optical Express (westfield) Limited shows a mixed picture. Current assets increased by a substantial 38%, reaching £18 million, while net assets remained unchanged at -£14 million. Bank borrowings increased by 46%, hitting £11 million, and cash bank on hand saw a significant boost, rising 150% to £570,000. Turnover, however, experienced a 9.5% decrease, falling to £15 million. Despite this, the company’s ability to manage its creditors, with a 14% increase, suggests a focus on debt management. The company’s auditor, RSM UK Audit LLP, has noted that the financial statements are prepared in accordance with FRS 102.

While the increase in cash and assets is encouraging, the continued negative equity and reduced turnover indicate potential challenges. The company's reliance on imports and exports, particularly in the medical device sector, could be affected by global supply chain disruptions. The substantial increase in bank borrowings also warrants close monitoring. The company’s long history and established reputation, however, suggest a resilience and ability to adapt to changing market conditions.

Registered in Scotland under the registration number SC161695, with a registered address at G2 5SG, Scotland, Glasgow, 200 St. Vincent Street.

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