Optix Company Uk Limited

Optix Company UK Limited, based in Oswestry, UK, is a small, active company founded 23 years ago in 5th April 2002. With just one employee and £32,567 in assets, it’s a modest operation managed by two directors and a single owner, Ash Charles Donald. The company holds a respectable Google rating of 4.0 based on 16 reviews. It’s an irregular importer, primarily dealing with optical and medical tools and devices, with its last import activity recorded two months ago.

The company's website reveals a more extensive business: a provider of optician and audiology practice management software. Called Optix, the software helps manage patients, staff, suppliers, operations, and finances. It also offers a newer version, Optix 2, currently in preview, and a related product called Audix for audiology practices. The website emphasizes features like data security, friendly support, and simple pricing. It's clear the company is focused on providing a comprehensive suite of tools for optical and audiology professionals, with a strong emphasis on customer support and training.

Financially, Optix Company UK Limited shows a concerning trend. Current assets have fallen by 31%, dropping to £33,000, while net assets have plummeted 130%, resulting in a negative balance of -£1,400. Cash reserves have also decreased by 32%, reaching £23,000. Trade debtors have suffered a significant drop of 58%, suggesting a decrease in outstanding payments. While creditors have also fallen by 20%, the overall picture suggests the company is burning through cash. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited.

The company’s reliance on software sales and service contracts, combined with the decrease in cash, indicates a need to closely monitor its financial health. While the software product appears well-received, the underlying business needs to ensure it can sustain its operations and continue to invest in development.

Registered in England/Wales under the registration number 04410095, with a registered address at SY10 9DP, England, Oswestry, Shropshire, Greystones Hollies Lane, Trefonen.

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