Paul Verity Opticians Limited

Paul Verity Opticians Limited, based in Darwen, UK, is a small, active company established 22 years ago. With four employees and £107,438 in assets, it’s a family-run operation led by three directors – though no owners are officially listed. The business boasts a perfect 5.0 Google rating from three reviews, a testament to its reputation in the local community. It operates from a real address, sharing space with five other companies, and occasionally imports optical and medical tools and devices, with the last import occurring in August 2023.

The company's website highlights its focus on providing comprehensive eye care services, including eye tests, lens fittings, and contact lens prescriptions. Paul Verity Opticians serves the community of Ilkley, North of West Yorkshire, and offers a range of optical brands like Ray-Ban and Silhouette. It's a family-owned business with a strong emphasis on clinical excellence and personalized service, having expanded from its modest beginnings in Shipley. The website clearly positions it as a retail business, offering a range of frames, lenses, and sunglasses.

Financially, Paul Verity Opticians Limited presents a mixed picture. While current assets increased by 8%, net assets saw a significant jump of 73% to £34,000, a positive sign. However, bank borrowings also increased by 7.4% to £20,000, and cash reserves decreased by 8.9% to £41,000. Trade debtors decreased by 16%, suggesting better collection practices. 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 flexible, but the increase in borrowings warrants attention. No auditor is listed, consistent with its status as a small, exempt company.

Overall, Paul Verity Opticians Limited seems to be holding its own, demonstrating growth in net assets, but also facing some financial pressures. Its strong customer ratings and family-oriented approach suggest a resilient business model, though continued monitoring of its borrowing levels is advisable.

Registered in England/Wales under the registration number 04552454, with a registered address at BB3 1AE, United Kingdom, Darwen, Unit 317 India Mill Business Centre.

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