Worthing Specsavers Limited

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worthing specsavers limited Company Information

Company Number

02729685

Next Accounts

Nov 2025

Directors

Cheryl Spray

Denis Youngman

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Shareholders

specsavers uk holdings limited

denis youngman

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Group Structure

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Industry

Retail sale by opticians

Registered Address

forum 6, parkway, solent business park whiteley, fareham, PO15 7PA

Website

www.specsavers.co.uk

worthing specsavers limited Estimated Valuation

£90.2k

Pomanda estimates the enterprise value of WORTHING SPECSAVERS LIMITED at £90.2k based on an EBITDA of £26.3k and a 3.44x industry multiple (adjusted for size and gross margin).

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Worthing Specsavers Limited is a live company located in fareham, PO15 7PA with a Companies House number of 02729685. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in July 1992, it's largest shareholder is specsavers uk holdings limited with a 66.6% stake. Worthing Specsavers Limited is a mature, micro sized company, Pomanda has estimated its turnover at £14.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Worthing Specsavers Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

8 Weak

Size

annual sales of £14.2k, make it smaller than the average company (£4.1m)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (12.5%)

EXPORT

Worthing Specsavers Limited's latest turnover from February 2024 is estimated at £14.2 thousand and the company has net assets of -£36.9 thousand. According to their latest financial statements, we estimate that Worthing Specsavers Limited has 1 employee and maintains cash reserves of £129.8 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	14,163	18,974	15,112	19,175	22,910	70,603	83,021	217,579	81,384	1,723,031	692,211	2,456,329	1,643,065	1,791,026	2,556,542
Other Income Or Grants
Cost Of Sales	6,457	6,515	6,161	15,045	17,102	52,274	49,631	105,439	25,967	732,958	356,508	1,352,081	931,280	1,002,700	1,482,429
Gross Profit	7,706	12,460	8,951	4,130	5,808	18,329	33,391	112,140	55,416	990,073	335,703	1,104,247	711,785	788,326	1,074,113
Admin Expenses	18,012	-12,963	-32,236	40,177	42,312	-37,511	154,725	-97,416	113,822	783,289	554,750	980,710	780,749	793,522	1,075,483
Operating Profit	-10,306	25,423	41,187	-36,047	-36,504	55,840	-121,334	209,556	-58,406	206,784	-219,047	123,537	-68,964	-5,196	-1,370
Interest Payable	4,235	4,239	3,340	3,147	1,773
Interest Receivable	6,593	4,776	294					136	271
Pre-Tax Profit	-7,948	25,960	38,141	-39,194	-38,277	55,840	-121,334	209,691	-58,135	206,784	-219,047	123,537	-68,964	-5,196	-1,370
Tax		-4,932	-7,247			-10,610		-41,938		-43,425		-29,649
Profit After Tax	-7,948	21,028	30,894	-39,194	-38,277	45,230	-121,334	167,753	-58,135	163,359	-219,047	93,888	-68,964	-5,196	-1,370
Dividends Paid
Retained Profit	-7,948	21,028	30,894	-39,194	-38,277	45,230	-121,334	167,753	-58,135	163,359	-219,047	93,888	-68,964	-5,196	-1,370
Employee Costs	30,939	31,656	29,810	24,910	22,943	23,599	24,644	68,960	22,190	440,200	174,614	537,207	310,451	353,990	597,497
Number Of Employees	1	1	1	1	1	1	1	3	1	18	8	26	16	18	30
EBITDA*	26,254	101,767	109,136	28,299	26,310	107,392	-67,027	231,031	-36,032	257,791	-163,177	186,419	-4,008	56,222	19,950

* 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	94,969	90,032	119,566	146,054	191,464	203,138	191,984	201,381	40,756	53,646	98,923	153,254	199,080	246,587	58,715
Intangible Assets
Investments & Other	300	300	300	300	300	300	300	300	300	600	300	300	300	300	300
Debtors (Due After 1 year)	14,299	19,201	18,305	15,255	11,931	10,199	8,853			19,925	15,807
Total Fixed Assets	109,568	109,533	138,171	161,609	203,695	213,637	201,137	201,681	41,056	74,171	115,030	153,554	199,380	246,887	59,015
Stock & work in progress	20,134	21,659	21,809	25,298	24,043	24,385	27,251	23,315	23,157	29,268	20,005	20,739	21,118	24,209	19,593
Trade Debtors										93,703	35,818	122,937	82,543	94,293	106,203
Group Debtors	673	34,016	24,384	1,300	1,448	105,588	30,938	232,538	300
Misc Debtors	19,499	20,415	20,935	46,720	14,205	13,849	13,262	24,950	30,950
Cash	129,791	121,366	117,440					184	108,340
misc current assets
total current assets	170,097	197,456	184,568	73,318	39,696	143,822	71,451	280,987	162,747	122,971	55,823	143,676	103,661	118,502	125,796
total assets	279,665	306,989	322,739	234,927	243,391	357,459	272,588	482,668	203,803	197,142	170,853	297,230	303,041	365,389	184,811
Bank overdraft
Bank loan
Trade Creditors	4,711	10,122	6,892	5,016	7,259	52,639	64,577	196,072	57,947	225,872	318,614	213,435	275,587	310,144	146,038
Group/Directors Accounts	212,087	222,303	215,871	205,589	213,098	291,338	252,007	192,049	233,358
other short term finances
hp & lease commitments				2,919	4,866	4,866
other current liabilities	35,193	26,683	31,292	21,590	5,613	5,463	4,750	21,959	7,663
total current liabilities	251,991	259,108	254,055	235,114	230,836	354,306	321,334	410,080	298,968	225,872	318,614	213,435	275,587	310,144	146,038
loans	42,660	32,620	52,152	50,626	52,546
hp & lease commitments					1,702	6,569
Accruals and Deferred Income	21,927	44,226	66,525	30,074
other liabilities										8,300	52,628	65,137	102,684	61,511	39,843
provisions
total long term liabilities	64,587	76,846	118,677	80,700	54,248	6,569				8,300	52,628	65,137	102,684	61,511	39,843
total liabilities	316,578	335,954	372,732	315,814	285,084	360,875	321,334	410,080	298,968	234,172	371,242	278,572	378,271	371,655	185,881
net assets	-36,913	-28,965	-49,993	-80,887	-41,693	-3,416	-48,746	72,588	-95,165	-37,030	-200,389	18,658	-75,230	-6,266	-1,070
total shareholders funds	-36,913	-28,965	-49,993	-80,887	-41,693	-3,416	-48,746	72,588	-95,165	-37,030	-200,389	18,658	-75,230	-6,266	-1,070

	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	-10,306	25,423	41,187	-36,047	-36,504	55,840	-121,334	209,556	-58,406	206,784	-219,047	123,537	-68,964	-5,196	-1,370
Depreciation	36,560	76,344	67,949	64,346	62,814	51,552	54,307	21,475	22,374	51,007	55,870	62,882	64,956	61,418	21,320
Amortisation
Tax		-4,932	-7,247			-10,610		-41,938		-43,425		-29,649
Stock	-1,525	-150	-3,489	1,255	-342	-2,866	3,936	158	-6,111	9,263	-734	-379	-3,091	4,616	19,593
Debtors	-39,161	10,008	349	35,691	-102,052	76,583	-204,435	226,238	-82,378	62,003	-71,312	40,394	-11,750	-11,910	106,203
Creditors	-5,411	3,230	1,876	-2,243	-45,380	-11,938	-131,495	138,125	-167,925	-92,742	105,179	-62,152	-34,557	164,106	146,038
Accruals and Deferred Income	-13,789	-26,908	46,153	46,051	150	713	-17,209	14,296	7,663
Deferred Taxes & Provisions
Cash flow from operations	47,740	63,299	153,058	35,161	83,474	11,840	-15,232	115,118	-107,805	50,358	14,048	54,603	-23,724	227,622	40,192
Investing Activities
capital expenditure	-41,497	-46,810	-41,461	-18,936	-51,140	-62,706	-44,910	-182,100	-9,484	-5,730	-1,539	-17,056	-17,449	-249,290	-80,035
Change in Investments									-300	300					300
cash flow from investments	-41,497	-46,810	-41,461	-18,936	-51,140	-62,706	-44,910	-182,100	-9,184	-6,030	-1,539	-17,056	-17,449	-249,290	-80,335
Financing Activities
Bank loans
Group/Directors Accounts	-10,216	6,432	10,282	-7,509	-78,240	39,331	59,958	-41,309	233,358
Other Short Term Loans
Long term loans	10,040	-19,532	1,526	-1,920	52,546
Hire Purchase and Lease Commitments			-2,919	-3,649	-4,867	11,435
other long term liabilities									-8,300	-44,328	-12,509	-37,547	41,173	21,668	39,843
share issue						100									300
interest	2,358	537	-3,046	-3,147	-1,773			136	271
cash flow from financing	2,182	-12,563	5,843	-16,225	-32,334	50,866	59,958	-41,173	225,329	-44,328	-12,509	-37,547	41,173	21,668	40,143
cash and cash equivalents
cash	8,425	3,926	117,440				-184	-108,156	108,340
overdraft
change in cash	8,425	3,926	117,440				-184	-108,156	108,340

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 worthing specsavers limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in PO15 area or any other competitors across 12 key performance metrics.

WORTHING SPECSAVERS LIMITED group structure

Worthing Specsavers Limited has 1 subsidiary company.

Ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

01721624

SPECSAVERS UK HOLDINGS LIMITED

10837649

2 parents

WORTHING SPECSAVERS LIMITED

02729685

1 subsidiary

WORTHING VISIONPLUS LIMITED

02665403

WORTHING SPECSAVERS LIMITED Shareholders

specsavers uk holdings limited	66.63%
denis youngman	12.5%
cheryl julie spray	8.38%
mark lavery	6.25%
edward john slawinski	6.25%

Worthing Specsavers Limited currently has 5 directors. The longest serving directors include Ms Cheryl Spray (Aug 2005) and Mr Denis Youngman (Oct 2012).

officer	country	age	start	end	role
Ms Cheryl Spray	England	50 years	Aug 2005	-	Director
Mr Denis Youngman	United Kingdom	55 years	Oct 2012	-	Director
Mr Edward Slawinski	England	40 years	Aug 2018	-	Director
Mr Mark Lavery	England	36 years	Aug 2018	-	Director
Mr Paul Carroll	United Kingdom	61 years	Aug 2018	-	Director

P&L

February 2024

turnover

14.2k

-25%

operating profit

-10.3k

gross margin

54.5%

-17.14%

turnover

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

Balance Sheet

February 2024

net assets

-36.9k

+0.27%

total assets

279.7k

-0.09%

cash

129.8k

+0.07%

net assets

Total assets minus all liabilities

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company number

02729685

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

July 1992

ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

previous names

databrit limited (July 1992)

address

forum 6, parkway, solent business park whiteley, fareham, PO15 7PA

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worthing specsavers limited Company Information

worthing specsavers limited Estimated Valuation

worthing specsavers limited Estimated Valuation

worthing specsavers limited Estimated Valuation

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WORTHING SPECSAVERS LIMITED financials

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