Wrx Eyeworks Limited

Wrx Eyeworks Limited, based in Belfast, UK, is a small, active company with a 34-year history. Founded in 1991, it employs ten people and holds £273,584 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 enjoys a perfect 5.0 Google rating based on three reviews, regularly importing optical and medical tools and devices – 60 months of import activity recorded.

The company’s website describes Wrx Eyeworks as a manufacturer of optical precision instruments, with a focus on wholesale distribution. It's clear that the business is centered around supplying optical tools and equipment, catering to a specialized market. The company’s longevity suggests a stable business model, and the positive Google reviews indicate good customer satisfaction.

Financially, Wrx Eyeworks Limited presents a mixed picture. Current assets have fallen by 12% to £270,000, while net assets have dropped by 26% to £140,000. Cash bank on hand has seen a significant decrease of 84%, plummeting to just £4,900. Creditors have also decreased by 45%, which could indicate better debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity is a concern. With no auditor mentioned, the figures are unaudited.

The company’s reliance on imports, while providing access to a wider range of products, could also expose it to supply chain disruptions. The decrease in cash reserves suggests a need to carefully manage expenses and potentially explore financing options. Overall, Wrx Eyeworks Limited appears to be a long-standing business facing some financial headwinds, but its established market position and positive customer feedback offer a foundation for future success.

Registered in Northern Ireland under the registration number NI025427, with a registered address at BT17 9HY, Northern Ireland, Belfast, 217 City Business Park, Dunmurry.

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