Orcam Uk Ltd

Orcam UK Ltd, based in London, is a small, active company founded nine years ago in 2015. With five employees and £1,758,975 in assets, it operates from a virtual address – thirty-one other companies registered at the same location – and is led by two directors, although no owners are officially listed. The company regularly imports and exports optical and medical tools and devices, with 36 months of import activity and 9 months of export activity recorded, the latest in July 2024.

The company’s website highlights its role as a distributor of assistive technology solutions, specifically for people with low vision and reading challenges. It partners with Optelec Limited as its exclusive distributor in the UK and Ireland, moving forward. The site showcases a range of products, including handheld and wearable devices like the OrCam MyEye and OrCam Read, designed to enhance reading and provide visual descriptions. It also features a blog, events, and resources aimed at supporting users and professionals in the field. The company’s website also has a section for schools and a dedicated customer care help center.

Financially, Orcam UK Ltd shows a mixed picture. Cash bank on hand decreased by 31% to £700,000, while trade debtors dropped by 26% to £380,000. However, corporation tax payable jumped 180% to £43,000, and other creditors surged 1,600% to £15,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in tax liabilities suggests potential cash flow pressures. The company’s retained earnings accumulated losses grew by 41% to £360,000. The auditor, Levy Cohen & Co, provided an unqualified report, but also noted a material uncertainty relating to going concern due to reliance on the parent company's support. It seems the company is holding steady, but it’s reliant on its parent company.

Registered in England/Wales under the registration number 09833788, with a registered address at N3 1LQ, United Kingdom, London, 5.2 Central House 1 Ballards Lane.

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