Retford Visionplus Limited

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retford visionplus limited Company Information

Live

MatureSmallDeclining

Company Number

02817254

Website

http://specsavers.co.uk

Registered Address

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

Industry

Retail sale by opticians

Telephone

Next Accounts Due

November 2024

Group Structure

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Directors

Stephen Archer1 Years

Priyen Kotecha1 Years

View All

Shareholders

retford specsavers ltd 99.5%

specsavers uk holdings ltd & retford specsavers ltd 0.5%

retford visionplus limited Estimated Valuation

£293.7k

Pomanda estimates the enterprise value of RETFORD VISIONPLUS LIMITED at £293.7k based on a Turnover of £580k and 0.51x industry multiple (adjusted for size and gross margin).

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Retford Visionplus Limited is a live company located in fareham, PO15 7PA with a Companies House number of 02817254. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in May 1993, it's largest shareholder is retford specsavers ltd with a 99.5% stake. Retford Visionplus Limited is a mature, small sized company, Pomanda has estimated its turnover at £580k with declining growth in recent years.

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Pomanda's financial health check has awarded Retford 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 £580k, make it smaller than the average company (£777.2k)

Growth

3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (6.5%)

EXPORT

Retford Visionplus Limited's latest turnover from February 2023 is estimated at £580 thousand and the company has net assets of £139.6 thousand. According to their latest financial statements, Retford Visionplus Limited has 22 employees and maintains cash reserves of £111.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	580,024	546,638	652,406	1,076,544	969,620	861,287	779,991	911,708	2,926,553	3,054,380	1,575,775	5,577,956	4,237,626	3,455,897
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	211,062	257,833	511,893	803,626	717,905	514,884	252,786	279,108	1,076,374	1,111,039	534,748	2,856,244	2,258,695	1,757,177
Gross Profit	368,963	288,805	140,513	272,918	251,714	346,402	527,205	632,600	1,850,180	1,943,341	1,041,027	2,721,712	1,978,930	1,698,720
Admin Expenses	543,478	5,068	92,388	328,441	249,512	333,265	530,342	655,081	1,875,184	1,849,157	1,196,532	2,634,608	1,991,356	1,476,441
Operating Profit	-174,515	283,737	48,125	-55,523	2,202	13,137	-3,137	-22,481	-25,004	94,184	-155,505	87,104	-12,426	222,279
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,627	624	90	393	292	166	105	101	0	0	0	0	0	0
Pre-Tax Profit	-169,888	284,362	48,215	-55,130	2,494	13,302	-3,032	-22,380	-25,004	94,184	-155,505	87,104	-12,426	222,279
Tax	0	-54,029	-9,161	0	-474	-2,527	0	0	0	-19,779	0	-20,905	0	-62,238
Profit After Tax	-169,888	230,333	39,054	-55,130	2,020	10,775	-3,032	-22,380	-25,004	74,405	-155,505	66,199	-12,426	160,041
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-169,888	230,333	39,054	-55,130	2,020	10,775	-3,032	-22,380	-25,004	74,405	-155,505	66,199	-12,426	160,041
Employee Costs	675,876	632,075	572,922	504,748	519,185	542,177	436,745	443,806	736,927	698,455	371,913	1,401,236	1,038,510	916,162
Number Of Employees	22	22	23	22	22	22	19	20	30	32	18	69	53	46
EBITDA*	-174,515	283,737	48,125	-55,523	2,202	13,137	-3,137	-22,481	-25,004	94,184	-155,505	87,104	-12,426	222,279

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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)	369	369	325	302	0	130	60	63	0	0	0	0	0	0
Total Fixed Assets	369	369	325	302	0	130	60	63	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	33,766	22,535	26,895	42,495	37,186	34,621	39,129	32,548	161,722	177,287	92,953	277,543	183,802	174,568
Group Debtors	69,602	247,828	0	9,157	48,741	70,607	49,010	58,009	0	0	0	0	0	0
Misc Debtors	12,042	21,294	122,953	34,982	4,851	0	0	4,463	0	0	0	0	0	0
Cash	111,092	120,275	129,515	49,805	54,951	22,784	43,475	40,352	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	226,502	411,932	279,363	136,439	145,729	128,012	131,614	135,372	161,722	177,287	92,953	277,543	183,802	174,568
total assets	226,871	412,301	279,688	136,741	145,729	128,142	131,674	135,435	161,722	177,287	92,953	277,543	183,802	174,568
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	3,244	1,851	6,892	11,824	11,486	2,715	9,410	5,092	53,912	44,473	34,544	63,629	36,087	14,427
Group/Directors Accounts	1,848	36,703	150,526	1,459	1,948	1,226	2,026	2,074	0	0	0	0	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	82,217	64,297	43,153	83,395	37,102	31,028	37,840	42,839	0	0	0	0	0	0
total current liabilities	87,309	102,851	200,571	96,678	50,536	34,969	49,276	50,005	53,912	44,473	34,544	63,629	36,087	14,427
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	87,309	102,851	200,571	96,678	50,536	34,969	49,276	50,005	53,912	44,473	34,544	63,629	36,087	14,427
net assets	139,562	309,450	79,117	40,063	95,193	93,173	82,398	85,430	107,810	132,814	58,409	213,914	147,715	160,141
total shareholders funds	139,562	309,450	79,117	40,063	95,193	93,173	82,398	85,430	107,810	132,814	58,409	213,914	147,715	160,141

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-174,515	283,737	48,125	-55,523	2,202	13,137	-3,137	-22,481	-25,004	94,184	-155,505	87,104	-12,426	222,279
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-54,029	-9,161	0	-474	-2,527	0	0	0	-19,779	0	-20,905	0	-62,238
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-176,247	141,853	63,237	-3,842	-14,580	17,159	-6,884	-66,639	-15,565	84,334	-184,590	93,741	9,234	174,568
Creditors	1,393	-5,041	-4,932	338	8,771	-6,695	4,318	-48,820	9,439	9,929	-29,085	27,542	21,660	14,427
Accruals and Deferred Income	17,920	21,144	-40,242	46,293	6,074	-6,812	-4,999	42,839	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	21,045	103,958	-69,447	-5,050	31,153	-20,056	3,066	38,177	0	0	0	0	0	-100
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-34,855	-113,823	149,067	-489	722	-800	-48	2,074	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	4,627	624	90	393	292	166	105	101	0	0	0	0	0	0
cash flow from financing	-30,228	-113,199	149,157	-96	1,014	-634	57	2,175	0	0	0	0	0	100
cash and cash equivalents
cash	-9,183	-9,240	79,710	-5,146	32,167	-20,691	3,123	40,352	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-9,183	-9,240	79,710	-5,146	32,167	-20,691	3,123	40,352	0	0	0	0	0	0

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 retford 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.

RETFORD VISIONPLUS LIMITED group structure

Retford Visionplus Limited has no subsidiary companies.

Ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

01721624

RETFORD SPECSAVERS LIMITED

02817253

2 parents

RETFORD VISIONPLUS LIMITED

02817254

RETFORD VISIONPLUS LIMITED Shareholders

retford specsavers ltd	99.5%
specsavers uk holdings ltd & retford specsavers ltd	0.5%

Retford Visionplus Limited currently has 6 directors. The longest serving directors include Mr Stephen Archer (Sep 2022) and Mr Priyen Kotecha (Sep 2022).

officer	country	age	start	end	role
Mr Stephen Archer	England	53 years	Sep 2022	-	Director
Mr Priyen Kotecha	England	34 years	Sep 2022	-	Director
Mrs Janet Archer	England	52 years	Sep 2022	-	Director
Mr James Hardwick		31 years	Sep 2022	-	Director
Mr Nigel Parker	Guernsey	57 years	Sep 2022	-	Director
Mr Douglas Perkins	Guernsey	81 years	Sep 2022	-	Director

P&L

February 2023

turnover

580k

+6%

operating profit

-174.5k

gross margin

63.7%

+20.4%

turnover

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

Balance Sheet

February 2023

net assets

139.6k

-0.55%

total assets

226.9k

-0.45%

cash

111.1k

-0.08%

net assets

Total assets minus all liabilities

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company number

02817254

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

May 1993

accounts

Audit Exemption Subsidiary

ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

previous names

N/A

last accounts submitted

February 2023

address

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

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.

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retford visionplus limited Company Information

retford visionplus limited Estimated Valuation

retford visionplus limited Estimated Valuation

retford visionplus limited Estimated Valuation

Retford Visionplus Limited Overview

Retford Visionplus Limited Health Check

RETFORD VISIONPLUS LIMITED financials

retford visionplus limited Credit Report and Business Information

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