Wolds Optical Limited

Wolds Optical Ltd, based in Driffield, UK, is a small, family-run business with an active status. Established 28 years ago in 1996, it employs 11 people and holds £447,915 in assets. The company operates from a real address and is managed by three directors and two owners. It runs an e-commerce site and regularly imports optical and medical tools and devices, with 13 months of import activity recorded.

Wolds Optical is a supplier of spectacles to independent opticians, offering a wide range of services including surfacing, glazing, and lens packages. They stock their own branded lenses (Odyssey, Pioneer, Inspired) alongside those from major manufacturers like Hoya and Essilor. The company emphasizes its large lens stock, specialist sports frame glazing, and commitment to customer service, positioning itself as a "one-stop shop lab" for independent opticians. They even offer emergency cover and collection/delivery services within a local area.

Financially, Wolds Optical Ltd shows a mixed picture. Current assets increased by 3.6% to £450,000, while net assets jumped 44% to £410,000. Bank borrowings remained steady, and cash reserves increased by 5.6% to £250,000. However, creditors decreased by 11%, and trade debtors also decreased. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the changes in debt management are worth noting. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Wolds Optical Ltd appears to be a stable, well-established business, though a deeper look at the changes in debt management would be useful.

Registered in England/Wales under the registration number 03240084, with a registered address at YO25 9DJ, Driffield, East Yorkshire, 83 Pexton Road Kelleythorpe Industrial Estate.

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