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MONK OPTICS LTD

Company
MONK OPTICS LTD (03869581)

MONK OPTICS

Phone: +44 (0)1291 689 858
A⁺ rating

ABOUT MONK OPTICS LTD

Monk Optics is closing on 31st October 2017

The company began in 1979, taking a mobile exhibition unit to sporting events around the country. From this direct contact with the customer in the environment in which they were intending to use the product, a tremendous amount of knowledge of both the customers's requirements and the binoculars suitability was quickly gained.

watching for instance soon became apparent, allowing staff to offer valuable advice to customers. Being placed in the relevant surroundings gave customers the immediate opportunity to test the products performance against their specific requirements, a benefit that is lost when products are sold through high street outlets. This was also an influencing factor when the showroom was established, preferring to remain in the countryside with spectacular views over the Wye Valley, rather than in a town centre.

With very little emphasis being placed on advertising, the company expanded through word of mouth, customer recommendations and a growing reputation.

The selection of binoculars expanded at a steady pace, so that a thorough understanding of the complete product range could be retained and the quality of advice never compromised. Marine binoculars became an area of expertise, recognised by the Fuji Photo Optical Co. who authorised Monk Optics as the sole importers and distributors of their Fujinon binoculars in the UK.

With a thorough understanding of binoculars gained, the company became involved in the sale of more specialised equipment such as stabilised binoculars and night-vision. With such fast developing products, the need to employ more technically specialised staff became apparent and so the Technical Research and Development Department was created. This has allowed the company to remain at the forefront of the industry, offering advice on the more specialist equipment and using its valuable contact with customers to advise manufacturers on possible developments of their products. Working in conjunction with the experienced staff in the workshop, the technical department also has the knowledge and ability to upgrade and customise products on site to individual specifications.

Many of the company's most highly regarded and best selling products have been created this way. For example, the Fujinon FMTR-SX, a very high quality marine binocular, was felt to have been let down by its 30mm compass. After detailed in-house research the PRO 45 was produced by Monk Optics, incorporating a more highly damped 45mm compass, which complements the quality of the optics, resulting in a better standard of binocular overall.

On a larger scale Monk Optics Ltd upgraded the Fujinon Starscope , a development that Fujinon thought unviable at the time, with more advanced image-intensifying tubes. The Super Starscope 2000 series is now supplied to over 200 RNLI lifeboats.

Observation binoculars became an area of interest, though sales of these giant high powered binoculars were previously low due to limitations such as price and quality. Following extensive trials, a series of very high quality observation binoculars at affordable prices was introduced to the Monk Optics range, with the National Coastwatch Institute and HM Coastguards amongst those supplied. The quality of these products was confirmed following a visit to the Chinese factory, to inspect the workmanship from beginning to end.

Well known for its specialist knowledge and quality of service Monk Optics continued to expand and became dominant in its market area, whilst many other companies in the optical market were experiencing a downturn in profits and turnover.

The company's reputation spread worldwide with overseas contracts on the increase. The Malaysian Navy purchase night-vision equipment and a selection of binoculars and their Fire Service use day/night stabiscopes. Within the UK products were also supplied for professional use by companies such as the Police, National Crime Squad, Maritime and Coastguard Agency, Environment Agency and HM Customs and Excise.

Monk Optics Ltd has also had the partonage of the Royal Family, owners of compact binoculars and night vision equipment.

Monk Optics Ltd. Registered in England. Registration No. 3869581

Monk Optics provides high quality optical instruments, supported by our experienced staff

with an in-depth knowledge of the products and their applications.

© Monk Optics Ltd. 2015. E&OE

KEY FINANCES

Year
2016
Assets
£168.93k ▲ £11.54k (7.33 %)
Cash
£132.01k ▲ £13.78k (11.66 %)
Liabilities
£32.46k ▼ £-17.44k (-34.96 %)
Net Worth
£136.47k ▲ £28.98k (26.96 %)

REGISTRATION INFO

Company name
MONK OPTICS LTD
Company number
03869581
VAT
GB348172839
Status
Active
Categroy
Private Limited Company
Date of Incorporation
01 Nov 1999
Age - 25 years
Home Country
United Kingdom

CONTACTS

Website
monkoptics.co.uk
Phones
+44 (0)1291 689 858
01291 689 858
+44 (0)1291 689 834
01291 689 834
Registered Address
WYE VALLEY OBSERVATORY,
THE OLD SCHOOL BROCKWEIR,
CHEPSTOW,
MONMOUTHSHIRE,
NP16 7NW

ECONOMIC ACTIVITIES

47789
Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)

LAST EVENTS

13 Nov 2016
Confirmation statement made on 1 November 2016 with updates
11 Jul 2016
Total exemption small company accounts made up to 31 October 2015
24 Nov 2015
Annual return made up to 1 November 2015 with full list of shareholders Statement of capital on 2015-11-24 GBP 100

See Also


Last update 2018

MONK OPTICS LTD DIRECTORS

Kathryn Elizabeth Monk

  Acting
Appointed
01 November 1999
Role
Secretary
Nationality
British
Address
Yew Tree Cottage, Hewelsfield, Lydney, Gloucestershire, GL15 6UU
Name
MONK, Kathryn Elizabeth

Kathryn Elizabeth Monk

  Acting PSC
Appointed
01 September 2000
Occupation
Business Manager
Role
Director
Age
76
Nationality
British
Address
Yew Tree Cottage, Hewelsfield, Lydney, Gloucestershire, GL15 6UU
Country Of Residence
England
Name
MONK, Kathryn Elizabeth
Notified On
6 April 2016
Nature Of Control
Ownership of shares – More than 25% but not more than 50%

Philip Monk

  Acting PSC
Appointed
01 November 1999
Occupation
Director
Role
Director
Age
77
Nationality
British
Address
Yew Tree Cottage, Hewelsfield, Lydney, Gloucestershire, GL15 6UU
Country Of Residence
England
Name
MONK, Philip
Notified On
6 April 2016
Nature Of Control
Ownership of shares – More than 25% but not more than 50%

FORM 10 SECRETARIES FD LTD

  Resigned
Appointed
01 November 1999
Resigned
01 November 1999
Role
Nominee Secretary
Address
39a Leicester Road, Salford, Manchester, Lancashire, M7 4AS
Name
FORM 10 SECRETARIES FD LTD

FORM 10 DIRECTORS FD LTD

  Resigned
Appointed
01 November 1999
Resigned
01 November 1999
Role
Nominee Director
Address
39a Leicester Road, Salford, Manchester, Lancashire, M7 4AS
Name
FORM 10 DIRECTORS FD LTD

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Excellent according to the company’s financial health.