luxottica north europe limited

luxottica north europe limited Company Information

Share LUXOTTICA NORTH EUROPE LIMITED
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MatureMegaHigh

Company Number

01789898

Industry

Non-specialised wholesale trade

 

Shareholders

luxottica group spa

Group Structure

View All

Contact

Registered Address

level 2 the kensington building, 1 wrights lane, london, W8 5RY

luxottica north europe limited Estimated Valuation

£130m

Pomanda estimates the enterprise value of LUXOTTICA NORTH EUROPE LIMITED at £130m based on a Turnover of £195.6m and 0.66x industry multiple (adjusted for size and gross margin).

luxottica north europe limited Estimated Valuation

£69.5m

Pomanda estimates the enterprise value of LUXOTTICA NORTH EUROPE LIMITED at £69.5m based on an EBITDA of £9m and a 7.72x industry multiple (adjusted for size and gross margin).

luxottica north europe limited Estimated Valuation

£64.9m

Pomanda estimates the enterprise value of LUXOTTICA NORTH EUROPE LIMITED at £64.9m based on Net Assets of £23.6m and 2.75x industry multiple (adjusted for liquidity).

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Luxottica North Europe Limited Overview

Luxottica North Europe Limited is a live company located in london, W8 5RY with a Companies House number of 01789898. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in February 1984, it's largest shareholder is luxottica group spa with a 100% stake. Luxottica North Europe Limited is a mature, mega sized company, Pomanda has estimated its turnover at £195.6m with high growth in recent years.

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Luxottica North Europe Limited Health Check

Pomanda's financial health check has awarded Luxottica North Europe Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £195.6m, make it larger than the average company (£16.2m)

£195.6m - Luxottica North Europe Limited

£16.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (6.3%)

21% - Luxottica North Europe Limited

6.3% - Industry AVG

production

Production

with a gross margin of 22.1%, this company has a comparable cost of product (27.5%)

22.1% - Luxottica North Europe Limited

27.5% - Industry AVG

profitability

Profitability

an operating margin of 4% make it less profitable than the average company (5.1%)

4% - Luxottica North Europe Limited

5.1% - Industry AVG

employees

Employees

with 149 employees, this is above the industry average (41)

149 - Luxottica North Europe Limited

41 - Industry AVG

paystructure

Pay Structure

on an average salary of £68.5k, the company has a higher pay structure (£44.5k)

£68.5k - Luxottica North Europe Limited

£44.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.3m, this is more efficient (£379.2k)

£1.3m - Luxottica North Europe Limited

£379.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 35 days, this is earlier than average (52 days)

35 days - Luxottica North Europe Limited

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 13 days, this is quicker than average (32 days)

13 days - Luxottica North Europe Limited

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 6 days, this is less than average (77 days)

6 days - Luxottica North Europe Limited

77 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)

0 weeks - Luxottica North Europe Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 75.5%, this is a higher level of debt than the average (47.3%)

75.5% - Luxottica North Europe Limited

47.3% - Industry AVG

LUXOTTICA NORTH EUROPE LIMITED financials

EXPORTms excel logo

Luxottica North Europe Limited's latest turnover from December 2023 is £195.6 million and the company has net assets of £23.6 million. According to their latest financial statements, Luxottica North Europe Limited has 149 employees and maintains cash reserves of £100 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover195,563,000180,123,000152,974,000111,146,000143,938,000216,527,000209,323,000188,444,000118,944,00067,577,00061,424,00055,148,00050,332,00046,517,00034,411,000
Other Income Or Grants000000000000000
Cost Of Sales152,380,000138,426,000114,486,00081,604,000104,700,000161,937,000157,383,000139,947,00087,618,00053,661,00044,494,00040,314,00034,276,00031,201,00023,847,000
Gross Profit43,183,00041,697,00038,488,00029,542,00039,238,00054,590,00051,940,00048,497,00031,326,00013,916,00016,930,00014,834,00016,056,00015,316,00010,564,000
Admin Expenses35,374,00034,058,00032,137,00028,226,00033,871,00040,800,00041,687,00033,023,000-5,999,00013,054,00012,538,00012,965,00013,101,00012,790,00010,049,000
Operating Profit7,809,0007,639,0006,351,0001,316,0005,367,00013,790,00010,253,00015,474,00037,325,000862,0004,392,0001,869,0002,955,0002,526,000515,000
Interest Payable831,000141,00065,00083,000109,000220,000327,000214,000173,00017,0003,00001,00000
Interest Receivable1,043,000150,0008,00039,000118,000360,000197,00028,00019,0001,0002,000003,00070,000
Pre-Tax Profit8,021,0007,648,0006,294,0001,272,0005,376,00013,930,00010,123,00015,288,0003,571,000846,0004,391,0001,869,0002,954,0002,529,000585,000
Tax-2,250,000-1,375,000-1,077,000-169,000-1,599,000-2,195,000-3,005,000-2,791,000-1,307,000-229,000-1,003,000-506,000-866,000-798,000-332,000
Profit After Tax5,771,0006,273,0005,217,0001,103,0003,777,00011,735,0007,118,00012,497,0002,264,000617,0003,388,0001,363,0002,088,0001,731,000253,000
Dividends Paid000011,400,0007,250,00013,250,0002,200,00003,000,0001,500,0002,000,0001,700,000400,0003,500,000
Retained Profit5,771,0006,273,0005,217,0001,103,000-7,623,0004,485,000-6,132,00010,297,0002,264,000-2,383,0001,888,000-637,000388,0001,331,000-3,247,000
Employee Costs10,211,0009,727,00010,975,0009,930,00010,965,00011,870,00013,409,00011,907,0008,146,0005,749,0005,415,0005,587,0004,969,0004,532,0003,587,000
Number Of Employees149155206190195218223166124999999997993
EBITDA*8,996,0008,179,0007,190,0002,696,0006,977,00014,982,00011,909,00017,073,00038,774,0001,150,0004,572,0002,054,0003,103,0002,620,000642,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets7,472,0001,390,0004,445,0005,631,0005,187,0006,601,0002,531,0001,737,0001,247,000484,000594,000747,000855,000623,000301,000
Intangible Assets21,808,000121,00000000838,0002,253,0003,483,00000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets29,280,0001,511,0004,445,0005,631,0005,187,0006,601,0002,531,0002,575,0003,500,0003,967,000594,000747,000855,000623,000301,000
Stock & work in progress2,587,0002,683,0003,154,000891,000786,000628,0002,300,0001,732,0001,750,00011,0000000207,000
Trade Debtors19,068,00018,169,00015,546,00016,330,00023,047,00028,645,00032,851,00040,179,00028,872,00015,981,0008,133,00012,580,00011,406,00013,097,0008,306,000
Group Debtors40,708,00037,984,00029,692,00021,482,0007,788,00034,501,00028,546,0001,032,00010,114,000117,0001,563,0002,448,0001,125,000223,000772,000
Misc Debtors4,665,0002,656,0001,880,0002,642,0004,765,0004,653,0001,937,000442,000837,000857,000891,000553,000283,000449,000313,000
Cash100,000163,0002,0000001,894,000682,000552,000728,0001,910,0001,884,0001,812,0001,530,0002,516,000
misc current assets000000000000000
total current assets67,128,00061,655,00050,274,00041,345,00036,386,00068,427,00067,528,00044,067,00042,125,00017,694,00012,497,00017,465,00014,626,00015,299,00012,114,000
total assets96,408,00063,166,00054,719,00046,976,00041,573,00075,028,00070,059,00046,642,00045,625,00021,661,00013,091,00018,212,00015,481,00015,922,00012,415,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 5,725,0001,731,0003,019,0001,800,0003,655,0005,651,0004,944,0003,799,0003,030,000191,000335,000579,000278,00089,000140,000
Group/Directors Accounts27,257,00026,001,00023,121,00020,151,00018,482,00036,276,00038,766,00013,024,00024,909,0009,726,0004,101,0009,173,0007,008,0008,670,0008,694,000
other short term finances000000000000000
hp & lease commitments477,00060,000949,0001,028,000779,000939,000000000000
other current liabilities17,469,00017,544,00013,524,00014,158,00011,424,00016,641,00017,749,00015,057,00013,363,0009,832,0004,517,0006,493,0005,591,0005,051,0002,800,000
total current liabilities50,928,00045,336,00040,613,00037,137,00034,340,00059,507,00061,459,00031,880,00041,302,00019,749,0008,953,00016,245,00012,877,00013,810,00011,634,000
loans000000000000000
hp & lease commitments21,902,00023,0002,573,0003,523,0002,019,0002,684,000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000030,0000000000
total long term liabilities21,902,00023,0002,573,0003,523,0002,019,0002,684,000030,0000000000
total liabilities72,830,00045,359,00043,186,00040,660,00036,359,00062,191,00061,459,00031,910,00041,302,00019,749,0008,953,00016,245,00012,877,00013,810,00011,634,000
net assets23,578,00017,807,00011,533,0006,316,0005,214,00012,837,0008,600,00014,732,0004,323,0001,912,0004,138,0001,967,0002,604,0002,112,000781,000
total shareholders funds23,578,00017,807,00011,533,0006,316,0005,214,00012,837,0008,600,00014,732,0004,323,0001,912,0004,138,0001,967,0002,604,0002,112,000781,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit7,809,0007,639,0006,351,0001,316,0005,367,00013,790,00010,253,00015,474,00037,325,000862,0004,392,0001,869,0002,955,0002,526,000515,000
Depreciation1,187,000540,000839,0001,380,0001,610,0001,192,000818,000538,000220,000168,000180,000185,000148,00094,000127,000
Amortisation000000838,0001,061,0001,229,000120,00000000
Tax-2,250,000-1,375,000-1,077,000-169,000-1,599,000-2,195,000-3,005,000-2,791,000-1,307,000-229,000-1,003,000-506,000-866,000-798,000-332,000
Stock-96,000-471,0002,263,000105,000158,000-1,672,000568,000-18,0001,739,00011,000000-207,000207,000
Debtors5,632,00011,691,0006,664,0004,854,000-32,199,0004,465,00021,681,0001,830,00022,868,0006,368,000-4,994,0002,767,000-955,0004,378,0009,391,000
Creditors3,994,000-1,288,0001,219,000-1,855,000-1,996,000707,0001,145,000769,0002,839,000-144,000-244,000301,000189,000-51,000140,000
Accruals and Deferred Income-75,0004,020,000-634,0002,734,000-5,217,000-1,108,0002,692,0001,694,0003,531,0005,315,000-1,976,000902,000540,0002,251,0002,800,000
Deferred Taxes & Provisions000000-30,00030,0000000000
Cash flow from operations5,129,000-1,684,000-2,229,000-1,553,00030,206,0009,593,000-9,538,00014,963,00019,230,000-287,0006,343,000-16,0003,921,000-149,000-6,348,000
Investing Activities
capital expenditure-28,956,0002,394,000347,000-1,824,000-196,000-5,262,000-1,612,000-674,000-982,000-3,661,000-27,000-77,000-380,000-416,000-428,000
Change in Investments000000000000000
cash flow from investments-28,956,0002,394,000347,000-1,824,000-196,000-5,262,000-1,612,000-674,000-982,000-3,661,000-27,000-77,000-380,000-416,000-428,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts1,256,0002,880,0002,970,0001,669,000-17,794,000-2,490,00025,742,000-11,885,00015,183,0005,625,000-5,072,0002,165,000-1,662,000-24,0008,694,000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments22,296,000-3,439,000-1,029,0001,753,000-825,0003,623,000000000000
other long term liabilities000000000000000
share issue01,0000-1,0000-248,0000112,000147,000157,000283,0000104,00004,028,000
interest212,0009,000-57,000-44,0009,000140,000-130,000-186,000-154,000-16,000-1,0000-1,0003,00070,000
cash flow from financing23,764,000-549,0001,884,0003,377,000-18,610,0001,025,00025,612,000-11,959,00015,176,0005,766,000-4,790,0002,165,000-1,559,000-21,00012,792,000
cash and cash equivalents
cash-63,000161,0002,00000-1,894,0001,212,000130,000-176,000-1,182,00026,00072,000282,000-986,0002,516,000
overdraft000000000000000
change in cash-63,000161,0002,00000-1,894,0001,212,000130,000-176,000-1,182,00026,00072,000282,000-986,0002,516,000

luxottica north europe limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Luxottica North Europe Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for luxottica north europe limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in W 8 area or any other competitors across 12 key performance metrics.

luxottica north europe limited Ownership

LUXOTTICA NORTH EUROPE LIMITED group structure

Luxottica North Europe Limited has no subsidiary companies.

Ultimate parent company

ESSILORLUXOTTICA SA

#0024552

LUXOTTICA GROUP SPA

#0011497

2 parents

LUXOTTICA NORTH EUROPE LIMITED

01789898

LUXOTTICA NORTH EUROPE LIMITED Shareholders

luxottica group spa 100%

luxottica north europe limited directors

Luxottica North Europe Limited currently has 4 directors. The longest serving directors include Ms Sara Francescutto (Oct 2019) and Mr Leonardo Rosato (May 2023).

officercountryagestartendrole
Ms Sara FrancescuttoItaly50 years Oct 2019- Director
Mr Leonardo RosatoEngland50 years May 2023- Director
Andrea LombardoItaly43 years Apr 2024- Director
Mr Fredrik JonssonItaly44 years Apr 2024- Director

P&L

December 2023

turnover

195.6m

+9%

operating profit

7.8m

+2%

gross margin

22.1%

-4.61%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

23.6m

+0.32%

total assets

96.4m

+0.53%

cash

100k

-0.39%

net assets

Total assets minus all liabilities

luxottica north europe limited company details

company number

01789898

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

February 1984

age

41

incorporated

UK

ultimate parent company

ESSILORLUXOTTICA SA

accounts

Full Accounts

last accounts submitted

December 2023

previous names

luxottica (uk) limited (October 2014)

tenorgrove limited (March 1984)

accountant

-

auditor

MAZARS LLP

address

level 2 the kensington building, 1 wrights lane, london, W8 5RY

Bank

CITIBANK INTERNATIONAL PLC

Legal Advisor

-

luxottica north europe 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 did not find charges/mortgages relating to luxottica north europe limited.

luxottica north europe limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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luxottica north europe limited Companies House Filings - See Documents

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