Eye Options Ltd

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eye options ltd Company Information

Company Number

01951323

Next Accounts

Nov 2025

Directors

Trisha Patel

Rachael King

Shareholders

rachael louise king

trisha surendra patel

Group Structure

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Industry

Retail sale by opticians

Registered Address

unit 4 27-31 white hart street, high wycombe, buckinghamshire, HP11 2HL

Website

http://specsavers.co.uk/hearing

eye options ltd Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of EYE OPTIONS LTD at £2.2m based on a Turnover of £3.1m and 0.7x industry multiple (adjusted for size and gross margin).

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Eye Options Ltd is a live company located in buckinghamshire, HP11 2HL with a Companies House number of 01951323. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in September 1985, it's largest shareholder is rachael louise king with a 50% stake. Eye Options Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3.1m with high growth in recent years.

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

Health Rating4out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £3.1m, make it smaller than the average company (£4.1m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (12.5%)

EXPORT

Eye Options Ltd's latest turnover from February 2024 is estimated at £3.1 million and the company has net assets of £190.5 thousand. According to their latest financial statements, Eye Options Ltd has 44 employees and maintains cash reserves of £505.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	3,087,317	2,696,241	2,375,617	2,012,356	2,359,981	2,437,167	2,408,205	1,827,301	1,976,410	1,946,953	3,400,289	4,313,891	4,014,364	2,523,061	5,219,713
Other Income Or Grants
Cost Of Sales	986,203	765,458	706,606	624,304	681,737	668,793	689,898	520,067	525,416	584,091	991,772	1,300,222	1,272,917	815,782	1,692,488
Gross Profit	2,101,115	1,930,782	1,669,011	1,388,052	1,678,243	1,768,374	1,718,308	1,307,234	1,450,993	1,362,862	2,408,517	3,013,669	2,741,447	1,707,279	3,527,226
Admin Expenses	2,189,732	1,894,762	1,558,993	1,229,691	1,693,894	1,815,727	1,728,237	1,236,928	1,440,742	1,362,030	2,410,454	2,964,813	2,749,864	1,727,537	3,525,026
Operating Profit	-88,617	36,020	110,018	158,361	-15,651	-47,353	-9,929	70,306	10,251	832	-1,937	48,856	-8,417	-20,258	2,200
Interest Payable	3,094	3,750	3,006	1,525
Interest Receivable	23,288	17,095	2,132	237	761	688	458	161	85	111	220	211	174	170	64
Pre-Tax Profit	-68,423	49,365	109,144	157,073	-14,890	-46,665	-9,471	70,468	10,336	943	-1,717	49,067	-8,243	-20,088	2,264
Tax		-9,379	-20,737	-29,844				-14,093	-2,067	-198		-11,776			-634
Profit After Tax	-68,423	39,986	88,407	127,229	-14,890	-46,665	-9,471	56,374	8,269	745	-1,717	37,291	-8,243	-20,088	1,630
Dividends Paid
Retained Profit	-68,423	39,986	88,407	127,229	-14,890	-46,665	-9,471	56,374	8,269	745	-1,717	37,291	-8,243	-20,088	1,630
Employee Costs	1,361,301	1,361,212	1,252,000	1,071,115	917,723	1,085,569	1,059,709	868,922	843,231	928,392	1,230,286	1,259,815	1,112,806	724,997	1,513,659
Number Of Employees	44	43	42	43	40	46	43	37	38	39	56	60	57	37	76
EBITDA*	-10,616	142,561	166,329	186,746	3,028	-33,947	2,008	93,030	33,546	36,538	53,274	121,553	41,665	33,590	41,310

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	242,855	314,751	316,134	106,321	98,682	47,216	49,585	46,658	32,799	49,656	76,496	112,019	183,620	211,299	256,219
Intangible Assets
Investments & Other
Debtors (Due After 1 year)						1,927	2,829	1,791	6,255	8,824	17,900	17,150	17,150
Total Fixed Assets	242,855	314,751	316,134	106,321	98,682	49,143	52,414	48,449	39,054	58,480	94,396	129,169	200,770	211,299	256,219
Stock & work in progress	24,519	18,917	23,032	34,061	43,523	38,385	45,354	29,868	25,714	19,316	16,689	16,061	16,760	25,207	25,128
Trade Debtors	67,836	61,180	54,456	50,512	68,669	57,886	61,097	63,506	56,990	54,601	155,626	161,224	147,248	95,512	184,498
Group Debtors
Misc Debtors	49,520	67,520	80,286	54,561	88,908	73,126	73,786	87,943	87,239	124,978				71,300
Cash	505,702	381,449	473,310	379,662	94,185	108,681	74,833	108,504	20,436	13,472	30,858	57,102	27,445	42,349	25,662
misc current assets
total current assets	647,577	529,066	631,084	518,796	295,285	278,078	255,070	289,821	190,379	212,367	203,173	234,387	191,453	234,368	235,288
total assets	890,432	843,817	947,218	625,117	393,967	327,221	307,484	338,270	229,433	270,847	297,569	363,556	392,223	445,667	491,507
Bank overdraft
Bank loan	10,000	10,000	10,000	6,562
Trade Creditors	121,359	140,587	128,277	90,687	162,102	114,675	109,955	107,389	99,426	100,738	288,390	325,680	311,204	299,949	244,312
Group/Directors Accounts													3,000	3,000
other short term finances
hp & lease commitments	37,268	39,575	37,717	13,707	9,288	7,607	7,787	8,691	1,083	206
other current liabilities	425,995	221,603	358,787	308,391	205,912	183,762	114,292	130,207	109,763	160,185
total current liabilities	594,622	411,765	534,781	419,347	377,302	306,044	232,034	246,287	210,272	261,129	288,390	325,680	314,204	302,949	244,312
loans	12,500	22,500	32,500	43,438
hp & lease commitments	37,588	74,250	106,460	20,506	4,413	2,952	10,560	17,622	1,174
Accruals and Deferred Income
other liabilities											206	27,186	104,620	161,076	245,465
provisions	55,188	76,345	54,506	11,262	8,917
total long term liabilities	105,276	173,095	193,466	75,206	13,330	2,952	10,560	17,622	1,174		206	27,186	104,620	161,076	245,465
total liabilities	699,898	584,860	728,247	494,553	390,632	308,996	242,594	263,909	211,446	261,129	288,596	352,866	418,824	464,025	489,777
net assets	190,534	258,957	218,971	130,564	3,335	18,225	64,890	74,361	17,987	9,718	8,973	10,690	-26,601	-18,358	1,730
total shareholders funds	190,534	258,957	218,971	130,564	3,335	18,225	64,890	74,361	17,987	9,718	8,973	10,690	-26,601	-18,358	1,730

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-88,617	36,020	110,018	158,361	-15,651	-47,353	-9,929	70,306	10,251	832	-1,937	48,856	-8,417	-20,258	2,200
Depreciation	78,001	106,541	56,311	28,385	18,679	13,406	11,937	22,724	23,295	35,706	55,211	72,697	50,082	53,848	39,110
Amortisation
Tax		-9,379	-20,737	-29,844				-14,093	-2,067	-198		-11,776			-634
Stock	5,602	-4,115	-11,029	-9,462	5,138	-6,969	15,486	4,154	6,398	2,627	628	-699	-8,447	79	25,128
Debtors	-11,344	-6,042	29,669	-52,504	24,638	-4,773	-15,528	2,756	-37,919	14,877	-4,848	13,976	-2,414	-17,686	184,498
Creditors	-19,228	12,310	37,590	-71,415	47,427	4,720	2,566	7,963	-1,312	-187,652	-37,290	14,476	11,255	55,637	244,312
Accruals and Deferred Income	204,392	-137,184	50,396	102,479	22,150	69,470	-15,915	20,444	-50,422	160,185
Deferred Taxes & Provisions	-21,157	21,839	43,244	2,345	8,917
Cash flow from operations	159,133	40,304	258,182	252,277	51,746	51,985	-11,299	100,434	11,266	-8,631	20,204	110,976	63,781	106,834	75,362
Investing Activities
capital expenditure	-6,105	-105,158	-266,124	-36,024	-70,145	-11,037	-14,864	-36,583	-6,438	-8,866	-19,688	-1,096	-22,403	-8,928	-295,329
Change in Investments
cash flow from investments	-6,105	-105,158	-266,124	-36,024	-70,145	-11,037	-14,864	-36,583	-6,438	-8,866	-19,688	-1,096	-22,403	-8,928	-295,329
Financing Activities
Bank loans			3,438	6,562
Group/Directors Accounts												-3,000		3,000
Other Short Term Loans
Long term loans	-10,000	-10,000	-10,938	43,438
Hire Purchase and Lease Commitments	-38,969	-30,352	109,964	20,512	3,142	-7,788	-7,966	24,056	2,051	206
other long term liabilities										-206	-26,980	-77,434	-56,456	-84,389	245,465
share issue															100
interest	20,194	13,345	-874	-1,288	761	688	458	161	85	111	220	211	174	170	64
cash flow from financing	-28,775	-27,007	101,590	69,224	3,903	-7,100	-7,508	24,217	2,136	111	-26,760	-80,223	-56,282	-81,219	245,629
cash and cash equivalents
cash	124,253	-91,861	93,648	285,477	-14,496	33,848	-33,671	88,068	6,964	-17,386	-26,244	29,657	-14,904	16,687	25,662
overdraft
change in cash	124,253	-91,861	93,648	285,477	-14,496	33,848	-33,671	88,068	6,964	-17,386	-26,244	29,657	-14,904	16,687	25,662

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for eye options ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in HP11 area or any other competitors across 12 key performance metrics.

EYE OPTIONS LTD group structure

Eye Options Ltd has no subsidiary companies.

Ultimate parent company

EYE OPTIONS LTD

01951323

EYE OPTIONS LTD Shareholders

rachael louise king	50%
trisha surendra patel	50%

Eye Options Ltd currently has 2 directors. The longest serving directors include Miss Trisha Patel (Jul 2015) and Mrs Rachael King (Jun 2022).

officer	country	age	start	end	role
Miss Trisha Patel	England	40 years	Jul 2015	-	Director
Mrs Rachael King	England	60 years	Jun 2022	-	Director

P&L

February 2024

turnover

3.1m

+15%

operating profit

-88.6k

gross margin

68.1%

-4.96%

turnover

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

Balance Sheet

February 2024

net assets

190.5k

-0.26%

total assets

890.4k

+0.06%

cash

505.7k

+0.33%

net assets

Total assets minus all liabilities

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3.5

company number

01951323

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

September 1985

ultimate parent company

None

previous names

eileen m cowie limited (April 2002)

weston opticians (h.w.) limited (July 1991)

address

unit 4 27-31 white hart street, high wycombe, buckinghamshire, HP11 2HL

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 4 charges/mortgages relating to eye options ltd. Currently there are 0 open charges and 4 have been satisfied in the past.

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eye options ltd Company Information

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eye options ltd Estimated Valuation

eye options ltd Estimated Valuation

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EYE OPTIONS LTD financials

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