Independent Optics Limited

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independent optics limited Company Information

Live

MatureSmallHigh

Company Number

02116735

Website

http://all-eyes.co.uk

Registered Address

20 norman way, over industrial park, over, cambs, CB24 5QE

Industry

Other manufacturing n.e.c.

Telephone

01954231545

Next Accounts Due

March 2025

Group Structure

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Directors

Jeremy Izard7 Years

Lisa Izard0 Years

View All

Shareholders

jeremy paul izard 90%

lisa izard 10%

independent optics limited Estimated Valuation

£562.8k

Pomanda estimates the enterprise value of INDEPENDENT OPTICS LIMITED at £562.8k based on a Turnover of £979.4k and 0.57x industry multiple (adjusted for size and gross margin).

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Independent Optics Limited is a live company located in over, CB24 5QE with a Companies House number of 02116735. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in March 1987, it's largest shareholder is jeremy paul izard with a 90% stake. Independent Optics Limited is a mature, small sized company, Pomanda has estimated its turnover at £979.4k with high growth in recent years.

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Pomanda's financial health check has awarded Independent Optics Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £979.4k, make it smaller than the average company (£14m)

Growth

3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (4.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INDEPENDENT OPTICS LIMITED group structure

Independent Optics Limited has no subsidiary companies.

Ultimate parent company

INDEPENDENT OPTICS LIMITED

02116735

INDEPENDENT OPTICS LIMITED Shareholders

jeremy paul izard	90%
lisa izard	10%

Independent Optics Limited currently has 5 directors. The longest serving directors include Mr Jeremy Izard (Aug 2016) and Mrs Lisa Izard (Oct 2023).

officer	country	age	start	end	role
Mr Jeremy Izard	United Kingdom	57 years	Aug 2016	-	Director
Mrs Lisa Izard	England	58 years	Oct 2023	-	Director
Mr Ronald Smith	United Kingdom	59 years	Oct 2023	-	Director
Mr Andrew Dickinson	England	62 years	Oct 2023	-	Director
Mr Jonathan Walden	England	42 years	Oct 2023	-	Director

EXPORT

Independent Optics Limited's latest turnover from June 2023 is estimated at £979.4 thousand and the company has net assets of £6.7 thousand. According to their latest financial statements, Independent Optics Limited has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	979,411	553,486	451,974	465,985	374,624	333,845	284,656	141,587	44,455	48,672	49,146	68,597	61,100	92,274
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	786,826	443,986	366,024	371,358	297,605	262,502	220,342	109,265	34,630	37,828	38,215	53,228	47,247	71,242
Gross Profit	192,586	109,500	85,950	94,627	77,020	71,343	64,314	32,322	9,824	10,844	10,931	15,369	13,853	21,032
Admin Expenses	198,681	94,509	97,655	82,296	92,354	64,710	78,326	34,312	5,107	10,487	25,952	27,892	28,007	-68,781
Operating Profit	-6,095	14,991	-11,705	12,331	-15,334	6,633	-14,012	-1,990	4,717	357	-15,021	-12,523	-14,154	89,813
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	43	195	215	171	139	195	275	155
Pre-Tax Profit	-6,095	14,991	-11,705	12,331	-15,334	6,633	-13,969	-1,795	4,931	528	-14,882	-12,328	-13,879	89,968
Tax	0	-2,848	0	-2,343	0	-1,260	0	0	-986	-111	0	0	0	-25,191
Profit After Tax	-6,095	12,143	-11,705	9,988	-15,334	5,373	-13,969	-1,795	3,945	417	-14,882	-12,328	-13,879	64,777
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-6,095	12,143	-11,705	9,988	-15,334	5,373	-13,969	-1,795	3,945	417	-14,882	-12,328	-13,879	64,777
Employee Costs	284,066	231,041	219,869	217,676	214,622	175,062	168,475	166,455	32,732	31,730	31,130	31,451	30,586	29,354
Number Of Employees	7	6	6	6	6	5	5	5	1	1	1	1	1	1
EBITDA*	-6,095	14,991	-11,705	12,331	-15,334	6,633	-14,012	-1,365	5,499	1,333	-13,800	-10,996	-12,247	92,198

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	49,749	58,138	28,337	61,417	52,329	57,244	2,613	2,501	3,126	3,908	4,884	6,105	7,632	9,539
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	49,749	58,138	28,337	61,417	52,329	57,244	2,613	2,501	3,126	3,908	4,884	6,105	7,632	9,539
Stock & work in progress	0	0	0	0	0	0	0	3,850	3,653	1,722	3,222	4,747	4,609	5,613
Trade Debtors	238,241	129,209	107,056	99,985	70,066	67,342	55,025	6,577	6,797	8,217	11,684	20,403	16,418	24,490
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	4,871	0	0
Cash	0	0	0	0	0	0	0	34,401	43,631	42,241	25,970	29,718	48,213	61,932
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	238,241	129,209	107,056	99,985	70,066	67,342	55,025	44,828	54,081	52,180	40,876	59,739	69,240	92,035
total assets	287,990	187,347	135,393	161,402	122,395	124,586	57,638	47,329	57,207	56,088	45,760	65,844	76,872	101,574
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	228,198	103,770	70,618	74,089	54,586	57,583	45,352	18,869	26,892	29,641	19,631	19,706	23,260	33,860
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	5,000	0	0
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	228,198	103,770	70,618	74,089	54,586	57,583	45,352	18,869	26,892	29,641	19,631	24,706	23,260	33,860
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	28,136	45,826	39,167	50,000	40,484	49,344	0	0	0	0	0	0	0	0
provisions	25,000	25,000	25,000	25,000	25,000	0	0	205	265	342	441	568	714	937
total long term liabilities	53,136	70,826	64,167	75,000	65,484	49,344	0	205	265	342	441	568	714	937
total liabilities	281,334	174,596	134,785	149,089	120,070	106,927	45,352	19,074	27,157	29,983	20,072	25,274	23,974	34,797
net assets	6,656	12,751	608	12,313	2,325	17,659	12,286	28,255	30,050	26,105	25,688	40,570	52,898	66,777
total shareholders funds	6,656	12,751	608	12,313	2,325	17,659	12,286	28,255	30,050	26,105	25,688	40,570	52,898	66,777

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-6,095	14,991	-11,705	12,331	-15,334	6,633	-14,012	-1,990	4,717	357	-15,021	-12,523	-14,154	89,813
Depreciation	0	0	0	0	0	0	0	625	782	976	1,221	1,527	1,907	2,385
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-2,848	0	-2,343	0	-1,260	0	0	-986	-111	0	0	0	-25,191
Stock	0	0	0	0	0	0	-3,850	197	1,931	-1,500	-1,525	138	-1,004	5,613
Debtors	109,032	22,153	7,071	29,919	2,724	12,317	48,448	-220	-1,420	-3,467	-13,590	8,856	-8,072	24,490
Creditors	124,428	33,152	-3,471	19,503	-2,997	12,231	26,483	-8,023	-2,749	10,010	-75	-3,554	-10,600	33,860
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	25,000	0	-205	-60	-77	-99	-127	-146	-223	937
Cash flow from operations	9,301	23,142	-22,247	-428	3,945	5,287	-32,332	-9,425	1,176	16,100	1,113	-23,690	-13,994	71,701
Investing Activities
capital expenditure	8,389	-29,801	33,080	-9,088	4,915	-54,631	-112	0	0	0	0	0	0	-11,924
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	8,389	-29,801	33,080	-9,088	4,915	-54,631	-112	0	0	0	0	0	0	-11,924
Financing Activities
Bank loans	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	-5,000	5,000	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	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
other long term liabilities	-17,690	6,659	-10,833	9,516	-8,860	49,344	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-2,000	0	0	0	0	0	0	2,000
interest	0	0	0	0	0	0	43	195	215	171	139	195	275	155
cash flow from financing	-17,690	6,659	-10,833	9,516	-8,860	49,344	-1,957	195	215	171	-4,861	5,195	275	2,155
cash and cash equivalents
cash	0	0	0	0	0	0	-34,401	-9,230	1,390	16,271	-3,748	-18,495	-13,719	61,932
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-34,401	-9,230	1,390	16,271	-3,748	-18,495	-13,719	61,932

P&L

June 2023

turnover

979.4k

+77%

operating profit

-6.1k

gross margin

19.7%

-0.61%

turnover

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

Balance Sheet

June 2023

net assets

6.7k

-0.48%

total assets

288k

+0.54%

cash

net assets

Total assets minus all liabilities

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company number

02116735

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

March 1987

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

marongrove limited (April 1987)

incorporated

address

20 norman way, over industrial park, over, cambs, CB24 5QE

last accounts submitted

June 2023

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 independent optics limited. Currently there are 1 open charges and 1 have been satisfied in the past.

independent optics limited Company Information

independent optics limited Estimated Valuation

independent optics limited Estimated Valuation

independent optics limited Estimated Valuation

Independent Optics Limited AI Business Plan

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