Company Overview
Red Optical Ltd. is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Tuesday 18 February 2014, so this is a well established company. Red Optical Ltd. has been in business for 12 years and 1 month. The accounts status is total exemption full and the accounts are next due on Wednesday 30 November 2022.
Registered Address

Holt House Suite 9, Upper King Street, Leicester, LE1 6XF
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Companies House Data
Company NameRED OPTICAL LTD.
Company Number08900758
Registered Office AddressHolt House Suite 9
 Upper King Street
 LE1 6XF
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date18/02/2014
Accounting Reference Date Day28
Accounting Reference Date Month2
Accounts Next Due Date30/11/2022
Accounts Last Made Up Date28/02/2021
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date18/03/2017
Returns Last Made Up Date18/02/2016
Previous Company NameChanged Date
OLYMPUS EYEWEAR GROUP LTD13 Oct 2022
Directors & Members
Show Resigned
Gary Goulden - Director
(British, 69 years old, born July 1957)
Appointed 01 March 2019
 Active
Secretaries
Show Resigned
Other Company Directorships
Gary Goulden
GREEN OPTICAL LTD.
JULIA BACKER EYEWEAR LTD
MPG EYEWEAR UK LTD
NEWHOLD LTD
OLYMPUS EYEWEAR HOLDINGS LTD
PINK OPTICAL LTD
TIGER VISION EUROPE LTD
TVE(UK) LTD
ULTRA LIMITED UK LTD
YODEL EYEWEAR UK LTD
Balance Sheet Unlock full report
Accounts Date 28-Feb-2021 28-Feb-2020 28-Feb-2019
Balance Sheet
Fixed Assets 14,968 17,609 20,540
Current Assets 48,563 12,855 18,549
Creditors Due Within One Year 41,338 9,564 19,586
Working Cap 7,225 3,291 -1,037
Total Assets Less Current Liabilities 22,193 20,900 19,503
Long-term Liabilities 22,093 20,800 19,403
Net Assets 100 100 100
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 100 100 100
Common Size Financial Analysis Unlock full report
Accounts Date 28-Feb-2021 28-Feb-2020 28-Feb-2019
Tangible Fixed Assets - - -
Fixed Assets 23.6% 57.8% 52.5%
Stocks Inventory - - -
Debtors 75.5% 42.2% 47.4%
Cash Bank In Hand 0.9% - 0.0%
Current Assets 76.4% 42.2% 47.5%
Creditors Due Within One Year 65.1% 31.4% 50.1%
Net Current Assets Liabilities 11.4% 10.8% -2.7%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 0.2% 0.3% 0.3%
Capital Employed - - -
Total Assets Less Current Liabilities 34.9% 68.6% 49.9%
Financial Ratio Analysis Unlock full report
Accounts Date 28-Feb-2021 28-Feb-2020 28-Feb-2019
Liquidity Ratio 1.2 1.3 0.9
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 28-Feb-2021 28-Feb-2020 28-Feb-2019
Assets 63,531 30,464 39,089
Debt 63,431 30,364 38,989
Net Assets/Debt 100 100 100
The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Order of court to wind up
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Certificate of change of name
Termination of appointment of Susan Elizabeth Fisher as a director on 10 October 2022
Confirmation statement made on 17 February 2022 with no updates
Confirmation statement made on 18 February 2021 with no updates
Amended total exemption full accounts made up to 28 February 2020
Amended total exemption full accounts made up to 28 February 2018
Amended total exemption full accounts made up to 28 February 2019
Confirmation statement made on 18 February 2020 with updates
Notification of Susan Elizabeth Fisher as a person with significant control on 14 February 2020
Appointment of Ms Susan Elizabeth Fisher as a director on 14 February 2020
Registered office address changed from 63C King Street Leicester LE1 6RP United Kingdom to Holt House Suite 9 Upper King Street Leicester LE1 6XF on 20 February 2020
Satisfaction of charge 089007580001 in full
Satisfaction of charge 089007580002 in full
Compulsory strike-off action has been discontinued
Notification of Gary Richard Goulden as a person with significant control on 20 May 2019
Cessation of Barry Walter Love as a person with significant control on 20 May 2019
Termination of appointment of Barry Walter Love as a director on 20 May 2019
Confirmation statement made on 18 February 2019 with no updates
First Gazette notice for compulsory strike-off
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