horizon optical company limited
horizon optical company limited Company Information
Company Number
01046776
Website
www.horizonoptical.co.ukRegistered Address
no.1 colmore square, birmingham, west midlands, B4 6HQ
Industry
Manufacture of medical and dental instruments and supplies
Telephone
01582472733
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
trifle holdings limited 100%
horizon optical company limited Estimated Valuation
Pomanda estimates the enterprise value of HORIZON OPTICAL COMPANY LIMITED at £1.6m based on a Turnover of £2.7m and 0.61x industry multiple (adjusted for size and gross margin).
horizon optical company limited Estimated Valuation
Pomanda estimates the enterprise value of HORIZON OPTICAL COMPANY LIMITED at £0 based on an EBITDA of £-381.4k and a 3.78x industry multiple (adjusted for size and gross margin).
horizon optical company limited Estimated Valuation
Pomanda estimates the enterprise value of HORIZON OPTICAL COMPANY LIMITED at £0 based on Net Assets of £-1.1m and 2.3x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Horizon Optical Company Limited Overview
Horizon Optical Company Limited is a dissolved company that was located in west midlands, B4 6HQ with a Companies House number of 01046776. It operated in the manufacture of medical and dental instruments and supplies sector, SIC Code 32500. Founded in March 1972, it's largest shareholder was trifle holdings limited with a 100% stake. The last turnover for Horizon Optical Company Limited was estimated at £2.7m.
Upgrade for unlimited company reports & a free credit check
Horizon Optical Company Limited Health Check
Pomanda's financial health check has awarded Horizon Optical Company Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
9 Weak
Size
annual sales of £2.7m, make it smaller than the average company (£11.2m)
£2.7m - Horizon Optical Company Limited
£11.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (5.2%)
- Horizon Optical Company Limited
5.2% - Industry AVG
Production
with a gross margin of 12.6%, this company has a higher cost of product (39.1%)
12.6% - Horizon Optical Company Limited
39.1% - Industry AVG
Profitability
an operating margin of -21.5% make it less profitable than the average company (6.1%)
-21.5% - Horizon Optical Company Limited
6.1% - Industry AVG
Employees
with 32 employees, this is below the industry average (57)
32 - Horizon Optical Company Limited
57 - Industry AVG
Pay Structure
on an average salary of £26.5k, the company has a lower pay structure (£41.6k)
£26.5k - Horizon Optical Company Limited
£41.6k - Industry AVG
Efficiency
resulting in sales per employee of £83.7k, this is less efficient (£144.1k)
£83.7k - Horizon Optical Company Limited
£144.1k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is near the average (55 days)
66 days - Horizon Optical Company Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (39 days)
12 days - Horizon Optical Company Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is less than average (84 days)
10 days - Horizon Optical Company Limited
84 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Horizon Optical Company Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 224.6%, this is a higher level of debt than the average (46.9%)
224.6% - Horizon Optical Company Limited
46.9% - Industry AVG
HORIZON OPTICAL COMPANY LIMITED financials
Horizon Optical Company Limited's latest turnover from December 2018 is £2.7 million and the company has net assets of -£1.1 million. According to their latest financial statements, Horizon Optical Company Limited has 32 employees and maintains cash reserves of £1.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,678,209 | 2,540,416 | 2,652,391 | 2,687,258 | 3,162,144 | 3,302,457 | 2,785,896 | 2,666,807 | 2,661,408 | 2,853,014 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 2,340,578 | 2,140,186 | 2,293,649 | 2,261,512 | 2,487,900 | 2,387,341 | 2,329,128 | 2,280,848 | 2,291,918 | 2,457,001 |
| Gross Profit | 337,631 | 400,230 | 358,742 | 425,746 | 674,244 | 915,116 | 456,768 | 385,959 | 369,490 | 396,013 |
| Admin Expenses | 913,568 | 814,802 | 773,682 | 837,320 | 871,132 | 802,795 | 238,343 | 251,728 | 224,620 | 364,891 |
| Operating Profit | -575,937 | -414,572 | -414,940 | -411,574 | -196,888 | 112,321 | 218,425 | 134,231 | 144,870 | 31,122 |
| Interest Payable | 3,082 | 0 | 1,357 | 668 | 2,772 | 7,617 | 2,707 | 3,965 | 699 | 8,168 |
| Interest Receivable | 0 | 0 | 0 | 0 | 4,490 | 32 | 30 | 71 | 229 | 1,188 |
| Pre-Tax Profit | -579,019 | -414,572 | -416,297 | -412,242 | -195,170 | 104,736 | 215,748 | 130,337 | 144,400 | 28,305 |
| Tax | 88,797 | 75,783 | 79,950 | 81,470 | 53,669 | -37,152 | -49,386 | -37,970 | -41,750 | -13,904 |
| Profit After Tax | -490,222 | -338,789 | -336,347 | -330,772 | -141,501 | 67,584 | 166,362 | 92,367 | 102,650 | 14,401 |
| Dividends Paid | 0 | 0 | 0 | 0 | 78,000 | 150,000 | 200,000 | 0 | 0 | 20,000 |
| Retained Profit | -490,222 | -338,789 | -336,347 | -330,772 | -219,501 | -82,416 | -33,638 | 92,367 | 102,650 | -5,599 |
| Employee Costs | 849,135 | 784,380 | 674,811 | 723,503 | 864,365 | 886,440 | 829,311 | 850,057 | 865,607 | 979,107 |
| Number Of Employees | 32 | 33 | 30 | 31 | 43 | 49 | 46 | 41 | 55 | 56 |
| EBITDA* | -381,435 | -356,963 | -362,211 | -358,869 | -149,958 | 153,982 | 236,422 | 168,560 | 186,898 | 104,981 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 117,055 | 285,662 | 313,937 | 348,821 | 370,968 | 387,669 | 345,969 | 352,816 | 376,019 | 423,317 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 117,055 | 285,662 | 313,937 | 348,821 | 370,968 | 387,669 | 345,969 | 352,816 | 376,019 | 423,317 |
| Stock & work in progress | 65,339 | 108,985 | 128,669 | 235,561 | 128,575 | 168,419 | 104,035 | 77,790 | 104,491 | 82,281 |
| Trade Debtors | 487,980 | 445,034 | 464,810 | 432,713 | 636,222 | 544,487 | 403,414 | 440,762 | 329,275 | 306,958 |
| Group Debtors | 96,670 | 2,827 | 0 | 94,952 | 31,247 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 111,132 | 92,088 | 94,483 | 16,916 | 25,954 | 9,765 | 8,558 | 15,423 | 13,610 | 6,562 |
| Cash | 1,232 | 2,256 | 8,662 | 729 | 2,931 | 2,108 | 253,025 | 223,221 | 230,928 | 91,205 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 762,353 | 651,190 | 696,624 | 780,871 | 824,929 | 724,779 | 769,032 | 757,196 | 678,304 | 487,006 |
| total assets | 879,408 | 936,852 | 1,010,561 | 1,129,692 | 1,195,897 | 1,112,448 | 1,115,001 | 1,110,012 | 1,054,323 | 910,323 |
| Bank overdraft | 190,879 | 211,592 | 0 | 57,565 | 84,922 | 62,377 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 77,427 | 64,657 | 87,398 | 25,731 | 366,302 | 123,099 | 116,034 | 114,292 | 255,549 | 245,511 |
| Group/Directors Accounts | 1,625,197 | 1,205,009 | 1,003,387 | 780,678 | 200,000 | 155,000 | 141,445 | 75,346 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,417 | 5,666 |
| other current liabilities | 82,005 | 51,190 | 174,740 | 182,432 | 128,030 | 136,904 | 136,853 | 160,352 | 125,670 | 82,347 |
| total current liabilities | 1,975,508 | 1,532,448 | 1,265,525 | 1,046,406 | 779,254 | 477,380 | 394,332 | 349,990 | 382,636 | 333,524 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,417 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 10,282 | 12,125 | 14,028 | 16,613 | 15,537 | 18,722 | 24,437 | 28,469 | 34,814 |
| total long term liabilities | 0 | 10,282 | 12,125 | 14,028 | 16,613 | 15,537 | 18,722 | 24,437 | 28,469 | 36,231 |
| total liabilities | 1,975,508 | 1,542,730 | 1,277,650 | 1,060,434 | 795,867 | 492,917 | 413,054 | 374,427 | 411,105 | 369,755 |
| net assets | -1,096,100 | -605,878 | -267,089 | 69,258 | 400,030 | 619,531 | 701,947 | 735,585 | 643,218 | 540,568 |
| total shareholders funds | -1,096,100 | -605,878 | -267,089 | 69,258 | 400,030 | 619,531 | 701,947 | 735,585 | 643,218 | 540,568 |
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -575,937 | -414,572 | -414,940 | -411,574 | -196,888 | 112,321 | 218,425 | 134,231 | 144,870 | 31,122 |
| Depreciation | 194,502 | 57,609 | 52,729 | 52,705 | 46,930 | 41,661 | 17,997 | 34,329 | 42,028 | 73,859 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 88,797 | 75,783 | 79,950 | 81,470 | 53,669 | -37,152 | -49,386 | -37,970 | -41,750 | -13,904 |
| Stock | -43,646 | -19,684 | -106,892 | 106,986 | -39,844 | 64,384 | 26,245 | -26,701 | 22,210 | 82,281 |
| Debtors | 155,833 | -19,344 | 14,712 | -148,842 | 139,171 | 142,280 | -44,213 | 113,300 | 29,365 | 313,520 |
| Creditors | 12,770 | -22,741 | 61,667 | -340,571 | 243,203 | 7,065 | 1,742 | -141,257 | 10,038 | 245,511 |
| Accruals and Deferred Income | 30,815 | -123,550 | -7,692 | 54,402 | -8,874 | 51 | -23,499 | 34,682 | 43,323 | 82,347 |
| Deferred Taxes & Provisions | -10,282 | -1,843 | -1,903 | -2,585 | 1,076 | -3,185 | -5,715 | -4,032 | -6,345 | 34,814 |
| Cash flow from operations | -371,522 | -390,286 | -138,009 | -524,297 | 39,789 | -85,903 | 177,532 | -66,616 | 140,589 | 57,948 |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 420,188 | 201,622 | 222,709 | 580,678 | 45,000 | 13,555 | 66,099 | 75,346 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,417 | -5,666 | 7,083 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -3,082 | 0 | -1,357 | -668 | 1,718 | -7,585 | -2,677 | -3,894 | -470 | -6,980 |
| cash flow from financing | 417,106 | 201,622 | 221,352 | 580,010 | 46,718 | 5,970 | 63,422 | 70,035 | -6,136 | 546,270 |
| cash and cash equivalents | ||||||||||
| cash | -1,024 | -6,406 | 7,933 | -2,202 | 823 | -250,917 | 29,804 | -7,707 | 139,723 | 91,205 |
| overdraft | -20,713 | 211,592 | -57,565 | -27,357 | 22,545 | 62,377 | 0 | 0 | 0 | 0 |
| change in cash | 19,689 | -217,998 | 65,498 | 25,155 | -21,722 | -313,294 | 29,804 | -7,707 | 139,723 | 91,205 |
horizon optical company limited Credit Report and Business Information
Horizon Optical Company Limited Competitor Analysis
Perform a competitor analysis for horizon optical company limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in B 4 area or any other competitors across 12 key performance metrics.
horizon optical company limited Ownership
HORIZON OPTICAL COMPANY LIMITED group structure
Horizon Optical Company Limited has no subsidiary companies.
Ultimate parent company
TRIFLE HOLDINGS LTD
#0095230
1 parent
HORIZON OPTICAL COMPANY LIMITED
01046776
horizon optical company limited directors
Horizon Optical Company Limited currently has 4 directors. The longest serving directors include Mr James Smith (Mar 2012) and Mr Brian Deegan (Jan 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Smith | England | 55 years | Mar 2012 | - | Director |
| Mr Brian Deegan | Northern Ireland | 66 years | Jan 2016 | - | Director |
| Mr Olivier Chupin | England | 49 years | Mar 2020 | - | Director |
| Mr Olivier Chupin | England | 49 years | Mar 2020 | - | Director |
P&L
December 2018turnover
2.7m
+5%
operating profit
-575.9k
+39%
gross margin
12.7%
-19.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
-1.1m
+0.81%
total assets
879.4k
-0.06%
cash
1.2k
-0.45%
net assets
Total assets minus all liabilities
horizon optical company limited company details
company number
01046776
Type
Private limited with Share Capital
industry
32500 - Manufacture of medical and dental instruments and supplies
incorporation date
March 1972
age
52
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2018
previous names
N/A
accountant
-
auditor
MAZARS LLP
address
no.1 colmore square, birmingham, west midlands, B4 6HQ
Bank
-
Legal Advisor
-
horizon optical company limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 7 charges/mortgages relating to horizon optical company limited. Currently there are 0 open charges and 7 have been satisfied in the past.
horizon optical company limited Companies House Filings - See Documents
| date | description | view/download |
|---|
