Optikinetics Limited

Optikinetics Ltd from Bedfordshire, UK, is a small holding company with an active status, celebrating 54 years since its founding in 01970. The company employs 18 people and holds assets totaling £1,954,313. It operates from a real address in Luton and is managed by one director and one owner. Optikinetics regularly imports electrical machinery and equipment (69 months) and exports furniture, lighting, and prefabricated buildings (143 months).

The company’s core business involves the manufacture of other electrical equipment, as evidenced by its website and industry classification. While no e-commerce functionality is apparent on the site, it does showcase a range of projection systems, lighting effects, and related products, suggesting a B2B focus. The website details various products and applications, but lacks online ordering or customer accounts.

Financially, Optikinetics Ltd presents a mixed picture. Current assets increased by 33%, reaching £2,000,000, while net assets decreased by 11%, settling at £450,000. Bank borrowings decreased by 23%, reaching £36,000, and cash reserves increased by 49%, reaching £1,000,000. Trade debtors increased by 23%, reaching £510,000, and creditors decreased by 15%, reaching £34,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble. A significant decrease in dividends paid (81%) suggests a focus on reinvesting profits back into the business. The unaudited financial statements, exempt due to its small size, rely on director-reported data.

The increase in trade debtors could indicate a shift towards larger contracts or extended payment terms, while the strong cash position suggests the company is managing its working capital effectively. The decrease in net assets, however, warrants closer attention, potentially reflecting increased investment in fixed assets or other long-term commitments. With no auditor mentioned, the financial data provides a snapshot of the company's performance, but lacks the assurance of an independent review.

Registered in England/Wales under the registration number 00995561, with a registered address at LU3 1DN, Bedfordshire, 38 Cromwell Road, Luton.

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