Lancaster Visionplus Limited

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lancaster visionplus limited Company Information

Live

MatureSmallHigh

Company Number

02839259

Next Accounts

Nov 2025

Industry

Retail sale by opticians

Directors

Martin Jeffery

Michael Jackson

Shareholders

lancaster specsavers ltd

specsavers uk holdings ltd & lancaster specsavers ltd

Group Structure

View All

Contact

Registered Address

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

Website

https://www.specsavers.co.uk

lancaster visionplus limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of LANCASTER VISIONPLUS LIMITED at £1.3m based on a Turnover of £2.1m and 0.63x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Lancaster Visionplus Limited is a live company located in fareham, PO15 7PA with a Companies House number of 02839259. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in July 1993, it's largest shareholder is lancaster specsavers ltd with a 99.6% stake. Lancaster Visionplus Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with high growth in recent years.

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Pomanda's financial health check has awarded Lancaster Visionplus Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

4 Regular

4 Weak

Size

annual sales of £2.1m, make it smaller than the average company (£9.7m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (13%)

EXPORT

Lancaster Visionplus Limited's latest turnover from February 2024 is estimated at £2.1 million and the company has net assets of £189.5 thousand. According to their latest financial statements, Lancaster Visionplus Limited has 45 employees and maintains cash reserves of £58.8 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	2,105,722	1,456,680	1,212,344	1,279,603	2,124,174	1,900,047	1,710,825	1,752,032	1,731,315	2,228,777	8,491,534	9,121,920	8,234,349	6,526,967	10,106,257
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	906,012	500,123	494,287	1,004,006	1,585,668	1,406,792	1,022,745	849,037	552,412	948,097	4,373,377	5,021,143	4,667,184	3,654,101	5,860,186
Gross Profit	1,199,710	956,557	718,057	275,597	538,506	493,254	688,080	902,996	1,178,904	1,280,680	4,118,157	4,100,777	3,567,165	2,872,866	4,246,071
Admin Expenses	1,233,209	1,045,605	599,526	289,384	1,979,178	-75,002	96,998	340,562	832,272	1,666,917	4,119,155	4,069,480	3,482,938	2,942,564	3,734,460
Operating Profit	-33,499	-89,048	118,531	-13,787	-1,440,672	568,256	591,082	562,434	346,632	-386,237	-998	31,297	84,227	-69,698	511,611
Interest Payable	0	0	0	0	0	0	712	1,338	680	0	0	0	0	0	0
Interest Receivable	2,846	4,362	892	129	377	173	98	58	54	0	0	0	0	0	0
Pre-Tax Profit	-30,653	-84,686	119,423	-13,658	-1,440,295	568,430	590,468	561,154	346,006	-386,237	-998	31,297	84,227	-69,698	511,611
Tax	0	0	-22,690	0	0	-108,002	-112,189	-112,231	-69,201	0	0	-7,511	-21,899	0	-143,251
Profit After Tax	-30,653	-84,686	96,733	-13,658	-1,440,295	460,428	478,279	448,923	276,805	-386,237	-998	23,786	62,328	-69,698	368,360
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-30,653	-84,686	96,733	-13,658	-1,440,295	460,428	478,279	448,923	276,805	-386,237	-998	23,786	62,328	-69,698	368,360
Employee Costs	1,470,019	1,424,524	1,311,619	996,386	1,032,438	943,973	985,776	919,463	776,660	562,478	1,920,752	1,962,872	1,513,451	1,278,298	2,310,321
Number Of Employees	45	45	44	40	45	40	40	40	35	23	88	95	78	65	116
EBITDA*	-33,499	-89,048	118,531	-13,787	-1,440,672	568,256	591,082	562,434	346,632	-386,237	-998	31,297	84,227	-69,698	511,611

* 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	0	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	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	1,341	1,387	1,127	711	795	533	475	273	260	38	0	0	0	0	0
Total Fixed Assets	1,341	1,387	1,127	711	795	533	475	273	260	38	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	68,591	97,380	80,105	62,263	78,528	82,593	80,479	78,964	68,798	115,610	442,649	437,005	402,775	331,762	400,995
Group Debtors	143,247	146,266	214,249	68,903	153,061	1,641,647	1,230,751	746,347	290,872	0	0	0	0	0	0
Misc Debtors	26,836	27,989	28,736	18,500	9,622	2,472	4,824	0	40	0	0	0	0	0	0
Cash	58,757	49,647	168,441	188,421	69,219	31,394	14,822	24,517	21,567	25	25	25	25	25	25
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	297,431	321,282	491,531	338,087	310,430	1,758,106	1,330,876	849,828	381,277	115,635	442,674	437,030	402,800	331,787	401,020
total assets	298,772	322,669	492,658	338,798	311,225	1,758,639	1,331,351	850,101	381,537	115,673	442,674	437,030	402,800	331,787	401,020
Bank overdraft	0	0	0	0	0	0	0	21,916	20,910	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	5,530	4,485	4,738	0	3,584	13,865	24,653	8,387	4,526	118,012	58,776	52,134	41,690	33,005	32,540
Group/Directors Accounts	1,368	4,937	67,836	2,379	3,575	9,810	48,415	66,365	52,872	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	0	0	0	0	0	0	0	0	0
other current liabilities	102,337	93,057	115,208	128,276	82,265	72,868	56,615	30,044	28,763	0	0	0	0	0	0
total current liabilities	109,235	102,479	187,782	130,655	89,424	96,543	129,683	126,712	107,071	118,012	58,776	52,134	41,690	33,005	32,540
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	0	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	0
total liabilities	109,235	102,479	187,782	130,655	89,424	96,543	129,683	126,712	107,071	118,012	58,776	52,134	41,690	33,005	32,540
net assets	189,537	220,190	304,876	208,143	221,801	1,662,096	1,201,668	723,389	274,466	-2,339	383,898	384,896	361,110	298,782	368,480
total shareholders funds	189,537	220,190	304,876	208,143	221,801	1,662,096	1,201,668	723,389	274,466	-2,339	383,898	384,896	361,110	298,782	368,480

	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	-33,499	-89,048	118,531	-13,787	-1,440,672	568,256	591,082	562,434	346,632	-386,237	-998	31,297	84,227	-69,698	511,611
Depreciation	0	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	0
Tax	0	0	-22,690	0	0	-108,002	-112,189	-112,231	-69,201	0	0	-7,511	-21,899	0	-143,251
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-33,007	-51,195	173,840	-91,629	-1,485,239	410,716	490,945	465,614	244,322	-327,001	5,644	34,230	71,013	-69,233	400,995
Creditors	1,045	-253	4,738	-3,584	-10,281	-10,788	16,266	3,861	-113,486	59,236	6,642	10,444	8,685	465	32,540
Accruals and Deferred Income	9,280	-22,151	-13,068	46,011	9,397	16,253	26,571	1,281	28,763	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	9,833	-60,257	-86,329	120,269	43,683	55,003	30,785	-10,269	-51,614	0	0	0	0	0	-95
Investing Activities
capital expenditure	0	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	0
cash flow from investments	0	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	0
Group/Directors Accounts	-3,569	-62,899	65,457	-1,196	-6,235	-38,605	-17,950	13,493	52,872	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	0	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	0
other long term liabilities	0	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	0	120
interest	2,846	4,362	892	129	377	173	-614	-1,280	-626	0	0	0	0	0	0
cash flow from financing	-723	-58,537	66,349	-1,067	-5,858	-38,432	-18,564	12,213	52,246	0	0	0	0	0	120
cash and cash equivalents
cash	9,110	-118,794	-19,980	119,202	37,825	16,572	-9,695	2,950	21,542	0	0	0	0	0	25
overdraft	0	0	0	0	0	0	-21,916	1,006	20,910	0	0	0	0	0	0
change in cash	9,110	-118,794	-19,980	119,202	37,825	16,572	12,221	1,944	632	0	0	0	0	0	25

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 lancaster 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.

LANCASTER VISIONPLUS LIMITED group structure

Lancaster Visionplus Limited has no subsidiary companies.

Ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

01721624

LANCASTER SPECSAVERS LIMITED

02377994

2 parents

LANCASTER VISIONPLUS LIMITED

02839259

LANCASTER VISIONPLUS LIMITED Shareholders

lancaster specsavers ltd	99.58%
specsavers uk holdings ltd & lancaster specsavers ltd	0.42%

Lancaster Visionplus Limited currently has 2 directors. The longest serving directors include Mr Martin Jeffery (Jul 2008) and Mr Michael Jackson (Jun 2009).

officer	country	age	start	end	role
Mr Martin Jeffery	England	55 years	Jul 2008	-	Director
Mr Michael Jackson		45 years	Jun 2009	-	Director

P&L

February 2024

turnover

2.1m

+45%

operating profit

-33.5k

gross margin

57%

-13.24%

turnover

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

Balance Sheet

February 2024

net assets

189.5k

-0.14%

total assets

298.8k

-0.07%

cash

58.8k

+0.18%

net assets

Total assets minus all liabilities

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company number

02839259

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

July 1993

ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

previous names

N/A

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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lancaster visionplus limited Company Information

lancaster visionplus limited Estimated Valuation

lancaster visionplus limited Estimated Valuation

lancaster visionplus limited Estimated Valuation

Lancaster Visionplus Limited Overview

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LANCASTER VISIONPLUS LIMITED financials

lancaster visionplus limited Credit Report and Business Information

Lancaster Visionplus Limited Competitor Analysis

lancaster visionplus limited Ownership

lancaster visionplus limited directors

lancaster visionplus limited company details

lancaster visionplus limited Charges & Mortgages

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lancaster visionplus limited Companies House Filings - See Documents