Professional Vision Services Limited
- Small
- Active
- 34 years
- 3 employees
- £850,338 (assets)
- Real address
- 2 directors
- 1 owner
- Regular importer
- Regular exporter
- Solo founder
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Professional Vision Services Ltd, based in Hitchin, UK, is a small, active company founded 34 years ago in 1990. With three employees and £850,338 in assets, it’s a long-standing player in the visual impairment field. The company, owned by Wisbey Phillipa Sally, has two directors and operates from a real address shared by only one other business. It regularly imports electrical machinery and equipment (43 months) and exports optical and medical tools and devices (3 months).
The company specializes in aids for the blind and partially sighted, importing and even manufacturing products like the Magnilink video magnifiers. It’s a significant supplier, even designing and manufacturing its own products, including the award-winning Magnilink Student Addition. Professional Vision Services also holds a substantial amount of LVI and is a founder member of the Visually Impaired group within the BHTA. The company offers free demonstrations and bespoke solutions, catering to the employment and education markets.
Financially, Professional Vision Services Ltd appears relatively stable. Current assets grew by 8.2% to £850,000, while net assets increased by 2.9% to £3.7 million. Cash reserves also increased by 8.6% to £840,000. Trade debtors decreased by 32%, which could indicate improved collection practices. However, bank borrowings increased, suggesting the company is utilizing debt to finance operations. The company meets two of the three criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, so the financial statements are unaudited.
Overall, Professional Vision Services Ltd seems to be in a good position, benefiting from its long-standing reputation and specialized product offerings. While the increase in bank borrowings is something to monitor, the company’s strong asset base and growing cash reserves suggest it’s well-equipped to continue serving the visual impairment market.
Registered in England/Wales under the registration number 02558440, with a registered address at SG4 9SX, Hitchin, Hertfordshire, Wellbury House, 90 Walsworth Road.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 9 years
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- N/A
- 1
-
Resident of United Kingdom
-
Individual
- N/A
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted seven months ago.
Last news
-
Total exemption full accounts made up to 2024-07-31Download 11 pages pdf report
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Confirmation statement made on 2024-11-07 with no updatesDownload 3 pages pdf report
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Total exemption full accounts made up to 2023-07-31Download 11 pages pdf report
Importer profile by HS codes
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Exporter profile by HS codes
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FAQ about Professional Vision Services Limited
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