Opticare Midlands Limited

Opticare Midlands Ltd, based in Leicester, UK, is a small, family-run business with an active status. Founded 36 years ago in 1988, the company employs 21 people and holds £217,557 in assets. With a real registered address and four directors overseeing operations, it’s a well-established entity. The business is an irregular importer, with its top import category being Optical and medical tools and devices, totaling 1 months of imports, the latest being February 2024.

The company operates in the other human health activities industries. Its website, opticareopticians.co.uk, lists numerous cities across the UK where it provides services, suggesting a network of affiliated practices or a wide-reaching delivery service. The site emphasizes a comprehensive range of optical services, from eye tests to dispensing glasses and contact lenses, catering to a broad customer base. It also appears to be a directory of sorts, listing associated companies like Visionary Eye Care and Evington Eyecare.

Financially, Opticare Midlands Ltd shows some concerning trends. Current assets have decreased by 25% to £220,000, while net assets have plummeted 42% to £180,000. Bank borrowings have remained steady, and cash reserves have fallen 56% to £65,000. Trade debtors have also decreased significantly, suggesting better management of customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the decline in equity raises questions about its long-term financial health. The company’s accounts are unaudited, a common practice for small businesses.

Overall, Opticare Midlands Ltd appears to be a long-standing business facing some financial headwinds. While its wide network and comprehensive services suggest a strong market presence, the declining equity warrants close monitoring.

Registered in England/Wales under the registration number 02310647, with a registered address at NG24 1DH, Newark On Trent, Nottingham, Unit 3, Paxtons Court.

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