Second Sight Cl Limited

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second sight cl limited Company Information

Live

MatureMicroDeclining

Company Number

01959248

Website

www.secondsight.co.uk

Registered Address

india mill business centre, india mill business centre, darwen, BB3 1AE

Industry

Retail sale by opticians

Other human health activities

Telephone

02087700134

Next Accounts Due

September 2024

Group Structure

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Directors

Marcus Hosken5 Years

Bansri Shah5 Years

Shareholders

ho2 management limited 55%

bansri shah ltd 22.5%

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second sight cl limited Estimated Valuation

£42.2k

Pomanda estimates the enterprise value of SECOND SIGHT CL LIMITED at £42.2k based on a Turnover of £94.9k and 0.44x industry multiple (adjusted for size and gross margin).

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Second Sight Cl Limited is a live company located in darwen, BB3 1AE with a Companies House number of 01959248. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in November 1985, it's largest shareholder is ho2 management limited with a 55% stake. Second Sight Cl Limited is a mature, micro sized company, Pomanda has estimated its turnover at £94.9k with declining growth in recent years.

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Pomanda's financial health check has awarded Second Sight Cl Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

9 Weak

Size

annual sales of £94.9k, make it smaller than the average company (£2.9m)

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (6.5%)

EXPORT

Second Sight Cl Limited's latest turnover from December 2022 is estimated at £94.9 thousand and the company has net assets of £759. According to their latest financial statements, Second Sight Cl Limited has 3 employees and maintains cash reserves of £39.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Apr 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	94,920	79,191	123,165	168,787	103,533	168,221	123,298	152,923	170,997	172,567	480,260	382,637	285,462	109,018	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	56,696	52,281	75,918	96,898	58,387	92,075	66,780	85,179	98,160	110,488	288,761	236,316	182,601	66,726	0
Gross Profit	38,224	26,911	47,247	71,888	45,146	76,147	56,518	67,744	72,837	62,079	191,498	146,320	102,861	42,291	0
Admin Expenses	109,777	-48,808	49,556	100,891	112,849	182,451	20,875	29,364	54,940	44,086	174,522	135,866	94,998	42,773	-1,151
Operating Profit	-71,553	75,719	-2,309	-29,003	-67,703	-106,304	35,643	38,380	17,897	17,993	16,976	10,454	7,863	-482	1,151
Interest Payable	4,449	3,118	1,525	0	623	600	577	0	0	0	0	0	0	0	0
Interest Receivable	3,420	272	33	226	216	41	10	10	3	4	4	3	3	18	17
Pre-Tax Profit	-72,582	72,873	-3,801	-28,777	-68,110	-106,863	35,077	38,390	17,900	17,997	16,981	10,457	7,866	-464	1,168
Tax	0	-13,846	0	0	0	0	-6,665	-7,678	-3,580	-3,779	-3,906	-2,510	-2,045	0	-327
Profit After Tax	-72,582	59,027	-3,801	-28,777	-68,110	-106,863	28,412	30,712	14,320	14,218	13,075	7,947	5,821	-464	841
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-72,582	59,027	-3,801	-28,777	-68,110	-106,863	28,412	30,712	14,320	14,218	13,075	7,947	5,821	-464	841
Employee Costs	85,046	77,939	102,319	101,610	96,798	116,586	112,085	108,638	70,928	65,521	152,555	125,859	81,550	40,247	0
Number Of Employees	3	3	4	4	4	5	5	5	3	3	7	6	4	2	0
EBITDA*	-71,553	88,694	336	-25,802	-63,702	-104,746	39,065	42,089	22,088	22,067	26,534	19,179	15,179	12,270	22,773

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Apr 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	0	0	10,580	12,804	16,005	19,354	21,099	21,026	23,744	23,076	40,631	50,096	36,974	60,213	56,992
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	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	0	0	0	0	0
Total Fixed Assets	0	0	10,580	12,804	16,005	19,354	21,099	21,026	23,744	23,076	40,631	50,096	36,974	60,213	56,992
Stock & work in progress	45,292	52,242	45,715	49,062	53,204	33,727	48,220	55,415	54,700	45,280	43,780	39,550	30,620	24,620	21,120
Trade Debtors	5,074	7,922	9,769	14,943	4,032	14,172	5,096	8,989	15,245	14,602	42,774	30,932	22,733	8,606	12,505
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	14,034	811	6,858	8,991	9,028	7,694	122,766	61,033	35,207	37,523	0	0	0	0	0
Cash	39,702	155,700	62,093	3,216	57,051	15,924	540	7,389	715	642	1,077	625	482	624	6,654
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	104,102	216,675	124,435	76,212	123,315	71,517	176,622	132,826	105,867	98,047	87,631	71,107	53,835	33,850	40,279
total assets	104,102	216,675	135,015	89,016	139,320	90,871	197,721	153,852	129,611	121,123	128,262	121,203	90,809	94,063	97,271
Bank overdraft	6,216	5,946	0	0	0	0	18,451	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	14,405	27,298	13,096	16,771	19,297	30,133	32,668	34,387	69,285	75,470	84,729	85,742	78,685	78,870	93,856
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	45,067	66,249	55,787	51,902	70,309	52,599	27,833	28,946	0	0	0	0	0	0	0
total current liabilities	65,688	99,493	68,883	68,673	89,606	82,732	78,952	63,333	69,285	75,470	84,729	85,742	78,685	78,870	93,856
loans	37,655	43,841	50,000	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	11,793	15,673	0	14,696	2,454
provisions	0	0	1,818	2,228	2,822	0	3,767	3,929	4,448	4,095	4,400	5,523	5,806	0	0
total long term liabilities	37,655	43,841	51,818	2,228	2,822	0	3,767	3,929	4,448	4,095	16,193	21,196	5,806	14,696	2,454
total liabilities	103,343	143,334	120,701	70,901	92,428	82,732	82,719	67,262	73,733	79,565	100,922	106,938	84,491	93,566	96,310
net assets	759	73,341	14,314	18,115	46,892	8,139	115,002	86,590	55,878	41,558	27,340	14,265	6,318	497	961
total shareholders funds	759	73,341	14,314	18,115	46,892	8,139	115,002	86,590	55,878	41,558	27,340	14,265	6,318	497	961

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Apr 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-71,553	75,719	-2,309	-29,003	-67,703	-106,304	35,643	38,380	17,897	17,993	16,976	10,454	7,863	-482	1,151
Depreciation	0	12,975	2,645	3,201	4,001	1,558	3,422	3,709	4,191	4,074	9,558	8,725	7,316	12,752	21,622
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-13,846	0	0	0	0	-6,665	-7,678	-3,580	-3,779	-3,906	-2,510	-2,045	0	-327
Stock	-6,950	6,527	-3,347	-4,142	4,984	-14,493	-7,195	715	9,420	1,500	4,230	8,930	6,000	3,500	21,120
Debtors	10,375	-7,894	-7,307	10,874	-114,802	-105,996	57,840	19,570	-1,673	9,351	11,842	8,199	14,127	-3,899	12,505
Creditors	-12,893	14,202	-3,675	-2,526	-13,371	-2,535	-1,719	-34,898	-6,185	-9,259	-1,013	7,057	-185	-14,986	93,856
Accruals and Deferred Income	-21,182	10,462	3,885	-18,407	42,476	24,766	-1,113	28,946	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-1,818	-410	-594	-945	-3,767	-162	-519	353	-305	-1,123	-283	5,806	0	0
Cash flow from operations	-109,053	99,061	10,790	-54,061	74,276	34,207	-21,239	7,655	4,929	-2,127	4,420	6,314	-1,372	-2,317	82,677
Investing Activities
capital expenditure	0	-2,395	-421	0	1,093	187	-3,495	-991	-4,859	13,481	-93	-21,847	15,923	-15,973	-78,614
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-2,395	-421	0	1,093	187	-3,495	-991	-4,859	13,481	-93	-21,847	15,923	-15,973	-78,614
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-6,186	-6,159	50,000	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	-11,793	-3,880	15,673	-14,696	12,242	2,454
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	120
interest	-1,029	-2,846	-1,492	226	-407	-559	-567	10	3	4	4	3	3	18	17
cash flow from financing	-7,215	-9,005	48,508	226	-407	-559	-567	10	3	-11,789	-3,876	15,676	-14,693	12,260	2,591
cash and cash equivalents
cash	-115,998	93,607	58,877	-53,835	56,511	15,384	-6,849	6,674	73	-435	452	143	-142	-6,030	6,654
overdraft	270	5,946	0	0	-18,451	-18,451	18,451	0	0	0	0	0	0	0	0
change in cash	-116,268	87,661	58,877	-53,835	74,962	33,835	-25,300	6,674	73	-435	452	143	-142	-6,030	6,654

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SECOND SIGHT CL LIMITED group structure

Second Sight Cl Limited has no subsidiary companies.

Ultimate parent company

FIRST WAVE I LIMITED

12606791

HO2 MANAGEMENT LIMITED

05476134

2 parents

SECOND SIGHT CL LIMITED

01959248

SECOND SIGHT CL LIMITED Shareholders

ho2 management limited	55%
bansri shah ltd	22.5%
hosken optical ltd	22.5%

Second Sight Cl Limited currently has 2 directors. The longest serving directors include Mr Marcus Hosken (Jul 2018) and Mrs Bansri Shah (Jul 2018).

officer	country	age	start	end	role
Mr Marcus Hosken	England	44 years	Jul 2018	-	Director
Mrs Bansri Shah	England	61 years	Jul 2018	-	Director

P&L

December 2022

turnover

94.9k

+20%

operating profit

-71.6k

gross margin

40.3%

+18.5%

turnover

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

Balance Sheet

December 2022

net assets

759

-0.99%

total assets

104.1k

-0.52%

cash

39.7k

-0.75%

net assets

Total assets minus all liabilities

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company number

01959248

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

86900 - Other human health activities

incorporation date

November 1985

age

accounts

Audit Exemption Subsidiary

ultimate parent company

FIRST WAVE I LIMITED

previous names

statusred limited (May 1986)

incorporated

address

india mill business centre, india mill business centre, darwen, BB3 1AE

last accounts submitted

December 2022

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 2 charges/mortgages relating to second sight cl limited. Currently there are 0 open charges and 2 have been satisfied in the past.

second sight cl limited Company Information

second sight cl limited Estimated Valuation

second sight cl limited Estimated Valuation

second sight cl limited Estimated Valuation

Second Sight Cl Limited Overview

Second Sight Cl Limited Health Check

SECOND SIGHT CL LIMITED financials

second sight cl limited Credit Report and Business Information

Second Sight Cl Limited Competitor Analysis

second sight cl limited Ownership

second sight cl limited directors

second sight cl limited company details

second sight cl limited Charges & Mortgages

second sight cl limited Companies House Filings - See Documents