Taylor-west Optical Ltd

Taylor West Optical Ltd, based in London, UK, is a small, active company founded six years ago in 8th November 2018. With three employees and £313,285 in assets, it’s a modest operation run by three directors and two owners. The company regularly imports optical and medical tools and devices – 29 months of import activity were recorded, with the most recent in April 2024 – but exports irregularly, with just one month of activity recorded in February 2022. It has a real address, which is probably real as only one company registered at the same address.

The company’s website showcases a refreshingly personal alternative to standard eye care visits, emphasizing bespoke frame fittings and expert advice. It caters to a range of needs, from routine eye exams to managing complex prescriptions and offering specialised treatments like myopia management. The website highlights a curated selection of eyewear brands, including Theo, Nina, and Lindberg, and even offers styling services like colour analysis and frame styling. It has a perfect 5.0 Google rating from eight reviews.

Financially, Taylor West Optical Ltd shows a mixed picture. While current assets increased by 3.4% to £310,000, net assets grew by 4.4% to £220,000. Cash reserves increased by 4.6% to £60,000. However, trade debtors decreased by 7.7% to £120,000. Bank borrowings surged by 2,400%, reaching £29,000, and creditors rose 19% to £91,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company operates in the retail sale by opticians industries. The increase in bank borrowings suggests a possible need for working capital, perhaps to support inventory purchases or marketing efforts. It's unclear whether this is a temporary situation or a longer-term trend.

Registered in England/Wales under the registration number 11695971, with a registered address at SE22 8HF, England, London, 80 Lordship Lane.

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