Stirling Specsavers Limited

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stirling specsavers limited Company Information

Company Number

02822932

Next Accounts

Nov 2025

Directors

Julie Pritchard

Pauline Skea

Shareholders

specsavers uk holdings limited

pauline skea

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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

stirling specsavers limited Estimated Valuation

£468.5k

Pomanda estimates the enterprise value of STIRLING SPECSAVERS LIMITED at £468.5k based on an EBITDA of £136.4k and a 3.44x industry multiple (adjusted for size and gross margin).

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Stirling Specsavers Limited is a live company located in fareham, PO15 7PA with a Companies House number of 02822932. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in June 1993, it's largest shareholder is specsavers uk holdings limited with a 50% stake. Stirling Specsavers Limited is a mature, micro sized company, Pomanda has estimated its turnover at £11.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Stirling Specsavers Limited a 2.5 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 Rating2.5out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £11.6k, make it smaller than the average company (£4.1m)

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (12.5%)

EXPORT

Stirling Specsavers Limited's latest turnover from February 2024 is estimated at £11.6 thousand and the company has net assets of £1.3 thousand. According to their latest financial statements, we estimate that Stirling Specsavers Limited has 1 employee and maintains cash reserves of £82.3 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	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	11,644	15,751	18,212	19,156	22,002	27,496	23,965	19,479	364,369	1,091,771	1,345,694	340,201	434,679	316,848
Other Income Or Grants
Cost Of Sales	5,309	5,408	7,425	15,030	16,424	20,358	14,326	6,672	125,882	463,785	474,441	145,099	242,854	144,710
Gross Profit	6,335	10,343	10,787	4,126	5,578	7,138	9,638	12,807	238,486	627,986	871,253	195,102	191,825	172,138
Admin Expenses	-65,545	36,592	29,197	-27,173	452	-1,524	40,527	15,160	299,597	208,201	1,184,264	-182,611	342,971	48,600	213,752
Operating Profit	71,880	-26,249	-18,410	31,299	5,126	8,662	-30,889	-2,353	-61,111	419,785	-313,011	377,713	-151,146	123,538	-213,752
Interest Payable	5,259	4,772	2,130	165	7,071	7,071
Interest Receivable	3,696	4,423	784	114	487	302	69	8
Pre-Tax Profit	70,317	-26,598	-19,756	31,248	-1,458	1,893	-30,820	-2,345	-61,111	419,785	-313,011	377,713	-151,146	123,538	-213,752
Tax	-17,579			-5,937		-360				-88,155		-90,651		-34,590
Profit After Tax	52,738	-26,598	-19,756	25,311	-1,458	1,533	-30,820	-2,345	-61,111	331,630	-313,011	287,062	-151,146	88,947	-213,752
Dividends Paid
Retained Profit	52,738	-26,598	-19,756	25,311	-1,458	1,533	-30,820	-2,345	-61,111	331,630	-313,011	287,062	-151,146	88,947	-213,752
Employee Costs	30,939	31,656	29,810	24,910	22,943	23,599	24,644	22,515	103,462	263,633	325,896	101,655	117,567	99,583
Number Of Employees	1	1	1	1	1	1	1	1	4	12	15	5	6	5
EBITDA*	136,365	14,123	13,312	57,769	39,171	47,199	17,944	35,889	-22,288	447,753	-283,292	408,160	-125,413	153,503	-186,502

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	188,482	124,498	157,086	64,075	75,495	99,369	104,213	129,862	145,073	127,382	80,705	81,539	63,031	87,406	94,814
Intangible Assets
Investments & Other	300	300	300	300	300		300	300	300	300	300	300	300	300	300
Debtors (Due After 1 year)				10,061	8,588		5,998	4,272	4,498	5,699	6,486
Total Fixed Assets	188,782	124,798	157,386	74,436	84,383	99,369	110,511	134,434	149,871	133,381	87,491	81,839	63,331	87,706	95,114
Stock & work in progress	20,397	23,264	25,524	25,306	26,929	33,091	33,184	31,023	25,530	18,447	21,703	23,211	21,961	24,006	20,423
Trade Debtors									18,240	64,090	77,169	19,692	18,423	15,564	18,326
Group Debtors	74,887	941	2,581	576	2,037		174	575
Misc Debtors	22,925	27,341	33,991	20,526	14,428		13,751	11,462
Cash	82,288	58,530	162,598	151,011	76,962	52,818	27,601	6,445
misc current assets
total current assets	200,497	110,076	224,694	197,419	120,356	101,666	74,710	49,505	43,770	82,537	98,872	42,903	40,384	39,570	38,749
total assets	389,279	234,874	382,080	271,855	204,739	201,035	185,221	183,939	193,641	215,918	186,363	124,742	103,715	127,276	133,863
Bank overdraft
Bank loan
Trade Creditors	1,153	5,440	8,845	4,987	4,797	8,638	7,540	4,785	213,420	185,888	461,931	57,140	370,996	220,136	279,695
Group/Directors Accounts	266,510	232,712	319,520	250,488	207,663		191,793	183,750						15,073	48,552
other short term finances						209,499
hp & lease commitments			1,188	4,918	10,971		9,067	16,017
other current liabilities	49,498	6,410	9,593	10,014	7,915		1,797	7,966
total current liabilities	317,161	244,562	339,146	270,407	231,346	222,584	210,197	212,518	213,420	185,888	461,931	57,140	370,996	235,209	328,247
loans	58,207	35,291	60,144	5,394
hp & lease commitments				1,188	3,838		5,544	4,847
Accruals and Deferred Income	2,333	3,333
other liabilities									11,302		26,032	56,191	8,370	16,572	19,068
provisions	10,328	3,176	7,680
total long term liabilities	70,868	41,800	67,824	6,582	3,838	7,438	5,544	4,847	11,302		26,032	56,191	8,370	16,572	19,068
total liabilities	388,029	286,362	406,970	276,989	235,184	230,022	215,741	217,365	224,722	185,888	487,963	113,331	379,366	251,781	347,315
net assets	1,250	-51,488	-24,890	-5,134	-30,445	-28,987	-30,520	-33,426	-31,081	30,030	-301,600	11,411	-275,651	-124,505	-213,452
total shareholders funds	1,250	-51,488	-24,890	-5,134	-30,445	-28,987	-30,520	-33,426	-31,081	30,030	-301,600	11,411	-275,651	-124,505	-213,452

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	71,880	-26,249	-18,410	31,299	5,126	8,662	-30,889	-2,353	-61,111	419,785	-313,011	377,713	-151,146	123,538	-213,752
Depreciation	64,485	40,372	31,722	26,470	34,045	38,537	48,833	38,242	38,823	27,968	29,719	30,447	25,733	29,965	27,250
Amortisation
Tax	-17,579			-5,937		-360				-88,155		-90,651		-34,590
Stock	-2,867	-2,260	218	-1,623	-6,162	-93	33,184	5,493	7,083	-3,256	-1,508	1,250	-2,045	3,583	20,423
Debtors	69,530	-8,290	5,409	6,110	25,053	-19,923	19,923	-6,429	-47,051	-13,866	63,963	1,269	2,859	-2,762	18,326
Creditors	-4,287	-3,405	3,858	190	-3,841	1,098	7,540	-208,635	27,532	-276,043	404,791	-313,856	150,860	-59,559	279,695
Accruals and Deferred Income	42,088	150	-421	2,099	7,915	-1,797	1,797	7,966
Deferred Taxes & Provisions	7,152	-4,504	7,680
Cash flow from operations	97,076	16,914	18,802	49,634	24,354	66,156	-25,826	-163,844	45,212	100,677	59,044	1,134	24,633	58,533	54,444
Investing Activities
capital expenditure	-128,469	-7,784	-124,733	-15,050	-10,171	-33,693	-153,046	-23,031	-56,514	-74,645	-28,885	-48,955	-1,358	-22,557	-122,064
Change in Investments					300	-300	300								300
cash flow from investments	-128,469	-7,784	-124,733	-15,050	-10,471	-33,393	-153,346	-23,031	-56,514	-74,645	-28,885	-48,955	-1,358	-22,557	-122,364
Financing Activities
Bank loans
Group/Directors Accounts	33,798	-86,808	69,032	42,825	207,663	-191,793	191,793	183,750					-15,073	-33,479	48,552
Other Short Term Loans					-209,499	209,499
Long term loans	22,916	-24,853	54,750	5,394
Hire Purchase and Lease Commitments		-1,188	-4,918	-8,703	14,809	-14,611	14,611	20,864
other long term liabilities								-11,302	11,302	-26,032	-30,159	47,821	-8,202	-2,496	19,068
share issue							300								300
interest	-1,563	-349	-1,346	-51	-6,584	-6,769	69	8
cash flow from financing	55,151	-113,198	117,518	39,465	6,389	-3,674	206,773	193,320	11,302	-26,032	-30,159	47,821	-23,275	-35,975	67,920
cash and cash equivalents
cash	23,758	-104,068	11,587	74,049	24,144	25,217	27,601	6,445
overdraft
change in cash	23,758	-104,068	11,587	74,049	24,144	25,217	27,601	6,445

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 stirling 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.

STIRLING SPECSAVERS LIMITED group structure

Stirling Specsavers Limited has 1 subsidiary company.

Ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

01721624

SPECSAVERS UK HOLDINGS LIMITED

10837649

2 parents

STIRLING SPECSAVERS LIMITED

02822932

1 subsidiary

STIRLING VISIONPLUS LIMITED

02822938

STIRLING SPECSAVERS LIMITED Shareholders

specsavers uk holdings limited	50%
pauline skea	25%
julie anne pritchard	25%

Stirling Specsavers Limited currently has 2 directors. The longest serving directors include Ms Julie Pritchard (Jan 2009) and Mrs Pauline Skea (Nov 2022).

officer	country	age	start	end	role
Ms Julie Pritchard	United Kingdom	43 years	Jan 2009	-	Director
Mrs Pauline Skea	Scotland	48 years	Nov 2022	-	Director

P&L

February 2024

turnover

11.6k

-26%

operating profit

71.9k

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

1.3k

-1.02%

total assets

389.3k

+0.66%

cash

82.3k

+0.41%

net assets

Total assets minus all liabilities

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company number

02822932

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

June 1993

ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

previous names

N/A

address

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

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stirling specsavers limited Company Information

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stirling specsavers limited Estimated Valuation

stirling specsavers limited Estimated Valuation

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