Realeyes Limited

Realeyes Ltd from Surrey UK: a small, active company founded 21 years ago, employs 15 people, and holds £939,250 in assets. Based at a real address in Mitcham, it’s managed by three directors and owned by two individuals. The company is an irregular importer, bringing in paper and paperboard products for a total of two months, with the last import occurring in August 2022. Realeyes Ltd operates in the retail sale by opticians industries.

The company’s website is not available, so it’s difficult to determine the extent of its online presence or e-commerce activities. It seems to focus on providing optical services, likely through a physical location.

Financially, Realeyes Ltd shows a mixed picture. Current assets have increased by 15% to £940,000, which is good news. However, net assets have also increased by 9.6% to £920,000. Bank borrowings have risen significantly, increasing by 45% to £67,000, and cash reserves have fallen dramatically, decreasing by 95% to just £64. Creditors have also increased by 52% to £750,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely to be agile, but the increase in bank borrowings and decrease in cash reserves suggest it may be relying on credit to manage its operations. The lack of an auditor mentioned (likely exempt as a small company) means the financial data is unaudited.

It’s possible the company is investing in growth or facing increased costs, which could explain the rise in borrowing and creditors. However, the sharp decline in cash reserves warrants closer attention.

Registered in England/Wales under the registration number 04870515, with a registered address at CR4 3NH, Surrey, 235 London Road, Mitcham.

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