Optik Mizen Ltd

Optik Mizen Ltd, based in Barnet, UK, is a small, active family business established ten years ago in July 2014. The company employs four people and holds assets totaling £271,161. With two directors and two owners, it operates from a real address in Barnet and is regularly importing optical and medical tools and devices – 57 months of import activity were recorded, with the latest operation in August 1st, 2024. The business operates in the other business support service activities n.e.c. industries.

The company’s website is minimal, offering little insight into its operations beyond its legal name and registration number. It doesn't appear to be an e-commerce site, suggesting a business-to-business model focused on importing and distribution rather than direct retail.

Financially, Optik Mizen Ltd presents a mixed picture. While current assets have increased by 9.7% to £270,000, net assets remain steady at £190,000. Trade debtors have risen significantly by 79% to £29,000, which could indicate increased sales but also potential challenges in collecting payments. Creditors, however, have decreased by 7.1% to £21,000, suggesting improved debt management. The company meets two of three criteria to be considered small – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Bank borrowings have remained stable.

The average number of employees has decreased slightly, from four to three. This could be due to seasonal fluctuations, restructuring, or other operational changes. Depreciation charges on plant and machinery have remained consistent.

As a small company, Optik Mizen Ltd is exempt from an audit, and the financial statements are unaudited. The company's steady asset base and improved creditor management are positive signs, but the increase in trade debtors warrants monitoring. The directors acknowledge their responsibilities under the Companies Act.

Registered in England/Wales under the registration number 09126337, with a registered address at EN5 1AH, Barnet, Hertfordshire, 15 Western Parade, Great North Road.

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