Optical Vision Limited

Optical Vision Ltd, based in Bury St Edmunds, UK, is a sizable company with an active status, established 28 years ago. Employing 15 people, the company holds £10,632,590 in assets and operates from a real address. With four directors and one owner, it maintains a stellar 5.0 Google rating based on two reviews. The company regularly imports and exports optical and medical tools and devices, with 177 months of import activity and 106 months of export activity recorded.

Optical Vision Ltd functions as a distributor of astronomical telescopes, binoculars, and related accessories, operating under well-known brands like SkyWatcher. Its website serves as a resource catalogue, showcasing a wide range of telescopes and accessories for astronomy enthusiasts of all levels. The company doesn't directly sell to the public but operates through a network of dealers throughout the UK. The website also features a customer support section with magazine reviews and instruction manuals.

Financially, Optical Vision Ltd’s performance exhibits some concerning trends. While cash and cash equivalents increased by 2.8% to £6,400,000, net assets decreased by 4.9% to £11,000,000. Cost of sales decreased significantly by 28% to £5,100,000, which could be a positive sign of improved efficiency, however, administrative expenses also decreased by 22% to £1,300,000. Bank borrowings increased by 3.5% to £2,900,000. Trade debtors rose by 86% to £870,000, which could indicate difficulties in collecting payments. The company is classified as large, having met two of the three criteria: turnover more than £36 million, balance sheet total more than £18 million, and employees more than 250. The financial statements were audited by Ensors Accountants LLP.

Overall, Optical Vision Ltd appears to be a well-established distributor with a strong brand presence, but the financial data suggests potential challenges in managing working capital and collecting payments.

Registered in England/Wales under the registration number 03323205, with a registered address at IP30 9UP, Bury St Edmunds, Suffolk, Unit 3 Woolpit Business Park, Woolpit.

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