Scotlens Limited

Scotlens Limited, based in Linlithgow, UK, is a small holding company with an active status, celebrating 37 years since its founding in 1987. The company employs ten people and holds £252,498 in assets, operating from a real address and overseen by four directors and one owner. It’s a regular importer, specializing in optical and medical tools and devices, with 17 months of import activity recorded, the latest in February 2024.

The company’s website showcases a specialist contact lens manufacturer, focusing on custom-fit lenses for optometrists. It offers a range of lenses, including scleral, corneoscleral, and orthokeratology options, alongside training and support services. The website highlights a family legacy in lens design, with a focus on quality and innovation, even boasting a collaboration with Harrods. The site is very professional and has a clear focus on B2B sales to optometrists.

Financially, Scotlens Limited shows a mixed picture. Current assets decreased by 31% to £250,000, while net assets dropped 42% to £280,000. Bank borrowings remained stable, and cash reserves increased by 32% to £89,000. However, trade debtors decreased by 53%, suggesting potential issues with customer payments. The company meets two of three conditions to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), and its unaudited accounts are exempt from a formal audit. The decrease in equity and the increase in creditors are worth noting, though, and could be a sign of increased operating costs. The company's average number of employees has also decreased by 20% to eight.

Overall, Scotlens Limited appears to be a stable, niche business, but the financial data suggests it may be facing some challenges in managing its working capital. It's a good company with a strong reputation, but it needs to keep a close eye on its cash flow.

Registered in Scotland under the registration number SC107183, with a registered address at EH49 7SG, Linlithgow, West Lothian, Mill Road Industrial Estate, Linlithgow Bridge.

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