Swan Centre Specsavers Limited

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swan centre specsavers limited Company Information

Live

MatureMicroDeclining

Company Number

02818029

Next Accounts

Nov 2025

Industry

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

Directors

Timothy Reeves

Jonathan Lee

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Shareholders

specsavers uk holdings limited

jonathan lee

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Group Structure

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Contact

Registered Address

2 coventry street, swan centre, kidderminster, worcestershire, DY10 2DG

Website

http://specsavers.com

swan centre specsavers limited Estimated Valuation

£9.4k

Pomanda estimates the enterprise value of SWAN CENTRE SPECSAVERS LIMITED at £9.4k based on a Turnover of £31.5k and 0.3x industry multiple (adjusted for size and gross margin).

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Swan Centre Specsavers Limited is a live company located in kidderminster, DY10 2DG with a Companies House number of 02818029. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in May 1993, it's largest shareholder is specsavers uk holdings limited with a 50% stake. Swan Centre Specsavers Limited is a mature, micro sized company, Pomanda has estimated its turnover at £31.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Swan Centre Specsavers 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

1 Regular

9 Weak

Size

annual sales of £31.5k, make it smaller than the average company (£9.9m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (10.2%)

EXPORT

Swan Centre Specsavers Limited's latest turnover from February 2024 is estimated at £31.5 thousand and the company has net assets of -£83.6 thousand. According to their latest financial statements, we estimate that Swan Centre Specsavers Limited has 1 employee and maintains cash reserves of £32.6 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	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	31,476	24,036	26,020	32,381	40,905	36,551	42,895	35,009	32,653	222,409	204,829	383,716	315,704	335,433	339,644
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	23,538	17,957	19,197	24,475	30,499	26,571	31,597	25,483	23,874	162,653	153,536	279,071	228,837	242,444	242,872
Gross Profit	7,938	6,078	6,823	7,905	10,407	9,980	11,298	9,526	8,779	59,756	51,293	104,645	86,867	92,989	96,772
Admin Expenses	55,798	18,110	-26,204	-99,603	90,584	34,410	19,044	-24,858	17,220	90,158	-138,485	154,107	66,246	106,608	206,848
Operating Profit	-47,860	-12,032	33,027	107,508	-80,177	-24,430	-7,746	34,384	-8,441	-30,402	189,778	-49,462	20,621	-13,619	-110,076
Interest Payable	6,341	2,306	2,476	2,217	900	0	0	0	0	0	0	0	0	0	0
Interest Receivable	3,426	3,106	143	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	-50,774	-11,232	30,694	105,291	-81,077	-24,430	-7,746	34,384	-8,441	-30,402	189,778	-49,462	20,621	-13,619	-110,076
Tax	0	0	-5,832	-20,005	0	0	0	-6,533	0	0	-39,853	0	-4,949	0	0
Profit After Tax	-50,774	-11,232	24,862	85,286	-81,077	-24,430	-7,746	27,851	-8,441	-30,402	149,925	-49,462	15,672	-13,619	-110,076
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-50,774	-11,232	24,862	85,286	-81,077	-24,430	-7,746	27,851	-8,441	-30,402	149,925	-49,462	15,672	-13,619	-110,076
Employee Costs	28,961	27,194	24,979	23,152	23,379	23,261	22,817	22,426	21,433	39,824	20,606	39,600	40,922	36,940	37,409
Number Of Employees	1	1	1	1	1	1	1	1	1	2	1	2	2	2	2
EBITDA*	1,063	15,719	63,111	135,674	-58,411	-3,819	7,153	57,761	14,166	-11,085	212,645	-22,380	41,866	2,837	-92,593

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	204,505	68,066	89,194	96,040	87,175	59,930	73,762	63,894	77,371	71,012	49,739	67,651	73,071	43,378	54,085
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Debtors (Due After 1 year)	0	4,943	3,851	5,867	4,817	5,231	4,923	4,997	4,542	4,792	4,734	0	0	0	0
Total Fixed Assets	204,605	73,109	93,145	102,007	92,092	65,261	78,785	68,991	82,013	75,904	54,573	67,751	73,171	43,478	54,185
Stock & work in progress	26,120	26,594	29,499	29,393	36,338	36,587	38,469	38,650	34,334	30,441	24,048	27,239	26,866	23,646	22,625
Trade Debtors	0	0	0	0	0	0	0	0	0	11,048	21,990	18,472	15,117	18,310	24,173
Group Debtors	300	300	472	300	680	300	301	1,180	300	0	0	0	0	0	0
Misc Debtors	10,706	12,214	37,669	9,643	7,564	7,571	7,335	5,775	11,180	0	0	0	0	0	0
Cash	32,589	97,932	57,389	0	0	5	5	108	123	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	69,715	137,040	125,029	39,336	44,582	44,463	46,110	45,713	45,937	41,489	46,038	45,711	41,983	41,956	46,798
total assets	274,320	210,149	218,174	141,343	136,674	109,724	124,895	114,704	127,950	117,393	100,611	113,462	115,154	85,434	100,983
Bank overdraft	0	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	0
Trade Creditors	8,841	4,931	7,675	7,319	9,425	6,521	10,026	5,285	5,817	149,342	98,714	245,672	190,277	208,475	205,564
Group/Directors Accounts	221,171	201,070	196,594	123,893	225,780	149,391	136,420	118,769	159,920	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	610	3,343	4,848	0	0	0	0	0	0
other current liabilities	13,004	16,105	5,289	10,532	6,520	4,440	4,037	5,434	0	0	0	0	0	0	0
total current liabilities	243,016	222,106	209,558	141,744	241,725	160,352	151,093	132,831	170,585	149,342	98,714	245,672	190,277	208,475	205,564
loans	96,767	15,955	30,173	46,018	26,654	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	325	3,668	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	3,477	4,877	0	0	0	0	0	0	0	5,913	9,357	25,175	32,800	554	5,395
provisions	14,623	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	114,867	20,832	30,173	46,018	26,654	0	0	325	3,668	5,913	9,357	25,175	32,800	554	5,395
total liabilities	357,883	242,938	239,731	187,762	268,379	160,352	151,093	133,156	174,253	155,255	108,071	270,847	223,077	209,029	210,959
net assets	-83,563	-32,789	-21,557	-46,419	-131,705	-50,628	-26,198	-18,452	-46,303	-37,862	-7,460	-157,385	-107,923	-123,595	-109,976
total shareholders funds	-83,563	-32,789	-21,557	-46,419	-131,705	-50,628	-26,198	-18,452	-46,303	-37,862	-7,460	-157,385	-107,923	-123,595	-109,976

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-47,860	-12,032	33,027	107,508	-80,177	-24,430	-7,746	34,384	-8,441	-30,402	189,778	-49,462	20,621	-13,619	-110,076
Depreciation	48,923	27,751	30,084	28,166	21,766	20,611	14,899	23,377	22,607	19,317	22,867	27,082	21,245	16,456	17,483
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-5,832	-20,005	0	0	0	-6,533	0	0	-39,853	0	-4,949	0	0
Stock	-474	-2,905	106	-6,945	-249	-1,882	-181	4,316	3,893	6,393	-3,191	373	3,220	1,021	22,625
Debtors	-6,451	-24,535	26,182	2,749	-41	543	607	-4,070	182	-10,884	8,252	3,355	-3,193	-5,863	24,173
Creditors	3,910	-2,744	356	-2,106	2,904	-3,505	4,741	-532	-143,525	50,628	-146,958	55,395	-18,198	2,911	205,564
Accruals and Deferred Income	-3,101	10,816	-5,243	4,012	2,080	403	-1,397	5,434	0	0	0	0	0	0	0
Deferred Taxes & Provisions	14,623	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	23,420	51,231	26,104	121,771	-53,137	-5,582	10,071	55,884	-133,434	44,034	20,773	29,287	18,692	10,590	66,173
Investing Activities
capital expenditure	-185,362	-6,623	-23,238	-37,031	-49,011	-6,779	-24,767	-9,900	-28,966	-40,590	-4,955	-21,662	-50,938	-5,749	-71,568
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
cash flow from investments	-185,362	-6,623	-23,238	-37,031	-49,011	-6,779	-24,767	-9,900	-28,966	-40,590	-4,955	-21,662	-50,938	-5,749	-71,668
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	20,101	4,476	72,701	-101,887	76,389	12,971	17,651	-41,151	159,920	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	80,812	-14,218	-15,845	19,364	26,654	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	-610	-3,058	-4,848	8,516	0	0	0	0	0	0
other long term liabilities	-1,400	4,877	0	0	0	0	0	0	-5,913	-3,444	-15,818	-7,625	32,246	-4,841	5,395
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-2,915	800	-2,333	-2,217	-900	0	0	0	0	0	0	0	0	0	0
cash flow from financing	96,598	-4,065	54,523	-84,740	102,143	12,361	14,593	-45,999	162,523	-3,444	-15,818	-7,625	32,246	-4,841	5,495
cash and cash equivalents
cash	-65,343	40,543	57,389	0	-5	0	-103	-15	123	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-65,343	40,543	57,389	0	-5	0	-103	-15	123	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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SWAN CENTRE SPECSAVERS LIMITED group structure

Swan Centre Specsavers Limited has 1 subsidiary company.

Ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

01721624

SPECSAVERS UK HOLDINGS LIMITED

10837649

2 parents

SWAN CENTRE SPECSAVERS LIMITED

02818029

1 subsidiary

SWAN CENTRE VISIONPLUS LIMITED

02817911

SWAN CENTRE SPECSAVERS LIMITED Shareholders

specsavers uk holdings limited	50%
jonathan lee	12.5%
timothy reeves	12.5%
emma louise singh	12.5%
randeep singh	12.5%

Swan Centre Specsavers Limited currently has 7 directors. The longest serving directors include Mr Timothy Reeves (Jun 1993) and Mr Jonathan Lee (May 1998).

officer	country	age	start	end	role
Mr Timothy Reeves	England	59 years	Jun 1993	-	Director
Mr Jonathan Lee		61 years	May 1998	-	Director
Mr John Perkins	Guernsey	52 years	Feb 2020	-	Director
Mrs Emma Singh	England	44 years	Feb 2020	-	Director
Mr Randeep Singh	United Kingdom	43 years	Feb 2020	-	Director
Mrs Emma Singh	England	44 years	Feb 2020	-	Director
Mr John Perkins	Guernsey	52 years	Feb 2020	-	Director

P&L

February 2024

turnover

31.5k

+31%

operating profit

-47.9k

gross margin

25.3%

-0.27%

turnover

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

Balance Sheet

February 2024

net assets

-83.6k

+1.55%

total assets

274.3k

+0.31%

cash

32.6k

-0.67%

net assets

Total assets minus all liabilities

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company number

02818029

Type

Private limited with Share Capital

industry

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

May 1993

ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

previous names

kidderminster specsavers limited (June 1993)

address

2 coventry street, swan centre, kidderminster, worcestershire, DY10 2DG

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swan centre specsavers limited Company Information

swan centre specsavers limited Estimated Valuation

swan centre specsavers limited Estimated Valuation

swan centre specsavers limited Estimated Valuation

Swan Centre Specsavers Limited Overview

Swan Centre Specsavers Limited Health Check

SWAN CENTRE SPECSAVERS LIMITED financials

swan centre specsavers limited Credit Report and Business Information

Swan Centre Specsavers Limited Competitor Analysis

swan centre specsavers limited Ownership

swan centre specsavers limited directors

swan centre specsavers limited company details

swan centre specsavers limited Charges & Mortgages

swan centre specsavers limited Capital Raised & Share Issues BETA

swan centre specsavers limited Companies House Filings - See Documents