Pomanda estimates the enterprise value of WORTHING VISIONPLUS LIMITED at £1.1m based on a Turnover of £1.8m and 0.61x industry multiple (adjusted for size and gross margin).
worthing visionplus limitedEstimated Valuation
£32.5k
Pomanda estimates the enterprise value of WORTHING VISIONPLUS LIMITED at £32.5k based on an EBITDA of £9.1k and a 3.59x industry multiple (adjusted for size and gross margin).
worthing visionplus limitedEstimated Valuation
£515.3k
Pomanda estimates the enterprise value of WORTHING VISIONPLUS LIMITED at £515.3k based on Net Assets of £181.8k and 2.84x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Worthing Visionplus LimitedOverview
Worthing Visionplus Limited is a live company located in fareham, PO15 7PA with a Companies House number of 02665403. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in November 1991, it's largest shareholder is
worthing specsavers limited
with a 99.8% stake. Worthing Visionplus Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£1.8m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Worthing Visionplus Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
2 Regular
6 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£4.1m)
£1.8m - Worthing Visionplus Limited
£4.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (12.5%)
6% - Worthing Visionplus Limited
12.5% - Industry AVG
Production
with a gross margin of 54.4%, this company has a higher cost of product (68.1%)
54.4% - Worthing Visionplus Limited
68.1% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (5.5%)
0.5% - Worthing Visionplus Limited
5.5% - Industry AVG
Employees
with 42 employees, this is above the industry average (33)
42 - Worthing Visionplus Limited
33 - Industry AVG
Pay Structure
on an average salary of £30.9k, the company has an equivalent pay structure (£30.9k)
£30.9k - Worthing Visionplus Limited
£30.9k - Industry AVG
Efficiency
resulting in sales per employee of £42.5k, this is less efficient (£102k)
£42.5k - Worthing Visionplus Limited
£102k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is near the average (13 days)
10 days - Worthing Visionplus Limited
13 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (43 days)
13 days - Worthing Visionplus Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Worthing Visionplus Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 70 weeks, this is more cash available to meet short term requirements (12 weeks)
70 weeks - Worthing Visionplus Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.7%, this is a lower level of debt than the average (58.8%)
49.7% - Worthing Visionplus Limited
58.8% - Industry AVG
WORTHING VISIONPLUS LIMITED financials
EXPORT
Worthing Visionplus Limited's latest turnover from February 2024 is estimated at £1.8 million and the company has net assets of £181.8 thousand. According to their latest financial statements, Worthing Visionplus Limited has 42 employees and maintains cash reserves of £243.2 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
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Turnover
1,786,953
1,276,550
1,364,717
1,484,295
2,304,757
2,469,780
2,416,800
2,562,518
2,610,415
7,133,339
9,610,395
6,584,206
4,774,047
6,090,530
7,329,554
Other Income Or Grants
Cost Of Sales
814,697
438,279
556,411
1,164,612
1,720,471
1,828,622
1,444,783
1,241,799
832,906
3,034,444
4,949,622
3,624,263
2,705,904
3,409,763
4,250,095
Gross Profit
972,257
838,272
808,306
319,683
584,286
641,158
972,017
1,320,719
1,777,509
4,098,895
4,660,774
2,959,943
2,068,143
2,680,767
3,079,459
Admin Expenses
963,193
841,907
964,278
115,908
587,304
681,303
792,142
1,479,068
1,745,606
4,261,563
4,317,382
3,000,864
2,069,664
2,636,481
2,969,600
Operating Profit
9,064
-3,635
-155,972
203,775
-3,018
-40,145
179,875
-158,349
31,903
-162,668
343,392
-40,921
-1,521
44,286
109,859
Interest Payable
Interest Receivable
12,932
12,510
1,764
275
2,118
2,375
1,500
624
468
5
5
Pre-Tax Profit
21,996
8,875
-154,208
204,049
-900
-37,770
181,375
-157,725
32,371
-162,668
343,392
-40,921
-1,521
44,290
109,864
Tax
-5,499
-1,686
-38,769
-34,461
-6,474
-78,980
-12,401
-30,762
Profit After Tax
16,497
7,189
-154,208
165,280
-900
-37,770
146,914
-157,725
25,897
-162,668
264,412
-40,921
-1,521
31,889
79,102
Dividends Paid
Retained Profit
16,497
7,189
-154,208
165,280
-900
-37,770
146,914
-157,725
25,897
-162,668
264,412
-40,921
-1,521
31,889
79,102
Employee Costs
1,299,424
1,456,180
1,609,715
1,295,301
1,261,869
1,392,360
1,478,664
1,333,221
1,198,275
1,760,802
2,160,846
1,425,665
873,145
1,199,633
1,692,908
Number Of Employees
42
46
54
52
55
59
60
58
54
72
99
69
45
61
85
EBITDA*
9,064
-3,635
-155,972
203,775
-3,018
-40,145
179,875
-158,349
31,903
-162,668
343,392
-40,921
-1,521
44,286
109,859
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
1,561
2,064
1,547
897
965
578
463
117
Total Fixed Assets
1,561
2,064
1,547
897
965
578
463
117
Stock & work in progress
Trade Debtors
53,845
45,103
36,454
60,305
66,638
83,505
102,032
117,922
100,694
374,078
504,296
316,140
234,455
310,923
291,406
Group Debtors
18,107
49,551
44,638
304
4,255
73,636
Misc Debtors
44,566
49,226
41,257
25,504
12,856
14,294
74
1,383
Cash
243,153
249,507
376,013
329,417
219,791
345,140
288,215
311,786
187,330
1,850
misc current assets
total current assets
359,671
343,836
453,724
464,777
343,923
443,243
390,247
434,037
363,043
374,078
504,296
316,140
234,455
310,923
293,256
total assets
361,232
345,900
455,271
465,674
344,888
443,243
390,825
434,037
363,043
374,541
504,413
316,140
234,455
310,923
293,256
Bank overdraft
Bank loan
Trade Creditors
29,560
12,822
26,973
2,824
10,464
6,849
2,160
16,429
18,901
203,948
171,152
247,291
124,685
199,632
213,854
Group/Directors Accounts
1,531
36,925
105,629
2,926
5,025
109,257
32,901
232,890
499
other short term finances
hp & lease commitments
other current liabilities
148,374
130,883
164,588
147,635
182,390
179,228
170,085
145,953
147,153
total current liabilities
179,465
180,630
297,190
153,385
197,879
295,334
205,146
395,272
166,553
203,948
171,152
247,291
124,685
199,632
213,854
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
179,465
180,630
297,190
153,385
197,879
295,334
205,146
395,272
166,553
203,948
171,152
247,291
124,685
199,632
213,854
net assets
181,767
165,270
158,081
312,289
147,009
147,909
185,679
38,765
196,490
170,593
333,261
68,849
109,770
111,291
79,402
total shareholders funds
181,767
165,270
158,081
312,289
147,009
147,909
185,679
38,765
196,490
170,593
333,261
68,849
109,770
111,291
79,402
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Operating Activities
Operating Profit
9,064
-3,635
-155,972
203,775
-3,018
-40,145
179,875
-158,349
31,903
-162,668
343,392
-40,921
-1,521
44,286
109,859
Depreciation
Amortisation
Tax
-5,499
-1,686
-38,769
-34,461
-6,474
-78,980
-12,401
-30,762
Stock
Debtors
21,686
17,135
-56,999
11,160
26,994
-4,507
-19,641
-53,462
-198,828
-129,872
188,273
81,685
-76,468
19,517
291,406
Creditors
16,738
-14,151
24,149
-7,640
3,615
4,689
-14,269
-2,472
-185,047
32,796
-76,139
122,606
-74,947
-14,222
213,854
Accruals and Deferred Income
17,491
-33,705
16,953
-34,755
3,162
9,143
24,132
-1,200
147,153
Deferred Taxes & Provisions
Cash flow from operations
16,108
-70,312
-57,871
111,451
-23,235
-21,806
174,918
-108,559
186,363
-1,854
1,545
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
-35,394
-68,704
102,703
-2,099
-104,232
76,356
-199,989
232,391
499
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
300
interest
12,932
12,510
1,764
275
2,118
2,375
1,500
624
468
5
5
cash flow from financing
-22,462
-56,194
104,467
-1,824
-102,114
78,731
-198,489
233,015
967
5
305
cash and cash equivalents
cash
-6,354
-126,506
46,596
109,626
-125,349
56,925
-23,571
124,456
187,330
-1,850
1,850
overdraft
change in cash
-6,354
-126,506
46,596
109,626
-125,349
56,925
-23,571
124,456
187,330
-1,850
1,850
worthing visionplus limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for worthing visionplus limited. Get real-time insights into worthing visionplus limited's credit score, group structure and payment trends.
Perform a competitor analysis for worthing visionplus limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in PO15 area or any other competitors across 12 key performance metrics.
worthing visionplus limited Ownership
WORTHING VISIONPLUS LIMITED group structure
Worthing Visionplus Limited has no subsidiary companies.
The largest shareholders in Worthing Visionplus Limited include Worthing Specsavers Limited and Specsavers Uk Holdings Ltd & Worthing Specsavers Ltd.
worthing specsavers limited
99.83%
specsavers uk holdings ltd & worthing specsavers ltd
0.17%
worthing visionplus limited directors
Worthing Visionplus Limited currently has 5 directors.
The longest serving directors include
Ms Cheryl Spray (Aug 2005) and
Mr Denis Youngman (Oct 2012).
forum 6, parkway, solent business park whiteley, fareham, PO15 7PA
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
worthing visionplus 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 worthing visionplus limited.
worthing visionplus 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.
Click to start generating capital raising & share issue transactions for WORTHING VISIONPLUS LIMITED. This can take several minutes, an email will notify you when this has completed.
worthing visionplus limitedCompanies House Filings - See Documents
