Young Optical Ltd

Young Optical Ltd, based in Retford, UK, is a small, active company established sixteen years ago in 2008. With five employees and £71,224 in assets, it’s a family-run operation led by a single director and owner, Uppal Charanjit Singh. The company operates from a real address and regularly imports optical and medical tools and devices—the latest shipment recorded in June 2024.

The company’s website, Youngs Opticians, reveals a long-standing presence in the eye care industry. For over 50 years, Youngs Opticians has provided vision care to the people of Stanley, offering comprehensive eye exams and a wide range of designer eyewear. The website highlights a commitment to excellent service and a team of experienced optometrists, with a dedicated section for appointment requests and customer testimonials. It also features a sale on frames and a partnership with Mulberry, a well-known brand.

Financially, Young Optical Ltd shows a mixed picture. Current assets increased by 140% to £71,000, while net assets grew by 69% to £120,000. Bank borrowings decreased by 19%, and cash reserves rose to £21,000. Creditors also decreased by 19%. 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 increase in bank borrowings suggests a need for more capital. With no auditor mentioned, the figures are unaudited.

Overall, Young Optical Ltd seems to be holding its own. The company’s established reputation and commitment to customer service, combined with a growing asset base, suggest a stable foundation. However, the need for additional funding and the lack of independent financial oversight warrant close monitoring.

Registered in England/Wales under the registration number 06716972, with a registered address at DN22 6BL, England, Retford, 2 Exchange Street.

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