wigan visionplus limited
wigan visionplus limited Company Information
Company Number
02866776
Next Accounts
Nov 2025
Shareholders
wigan specsavers ltd
specsavers uk holdings ltd & wigan specsavers ltd
Group Structure
View All
Industry
Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c
Registered Address
3-5 standishgate, wigan, wn1 1ue, WN1 1UE
wigan visionplus limited Estimated Valuation
Pomanda estimates the enterprise value of WIGAN VISIONPLUS LIMITED at £841.2k based on a Turnover of £2.6m and 0.33x industry multiple (adjusted for size and gross margin).
wigan visionplus limited Estimated Valuation
Pomanda estimates the enterprise value of WIGAN VISIONPLUS LIMITED at £0 based on an EBITDA of £-70.7k and a 3.1x industry multiple (adjusted for size and gross margin).
wigan visionplus limited Estimated Valuation
Pomanda estimates the enterprise value of WIGAN VISIONPLUS LIMITED at £623.9k based on Net Assets of £240.7k and 2.59x industry multiple (adjusted for liquidity).
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Wigan Visionplus Limited Overview
Wigan Visionplus Limited is a live company located in wn1 1ue, WN1 1UE with a Companies House number of 02866776. 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 October 1993, it's largest shareholder is wigan specsavers ltd with a 99.5% stake. Wigan Visionplus Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with high growth in recent years.
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Wigan Visionplus Limited Health Check
Pomanda's financial health check has awarded Wigan Visionplus Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £2.6m, make it smaller than the average company (£9.7m)
- Wigan Visionplus Limited
£9.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (10.3%)
- Wigan Visionplus Limited
10.3% - Industry AVG
Production
with a gross margin of 25.1%, this company has a higher cost of product (41.8%)
- Wigan Visionplus Limited
41.8% - Industry AVG
Profitability
an operating margin of -2.8% make it less profitable than the average company (4.3%)
- Wigan Visionplus Limited
4.3% - Industry AVG
Employees
with 76 employees, this is above the industry average (50)
76 - Wigan Visionplus Limited
50 - Industry AVG
Pay Structure
on an average salary of £29k, the company has an equivalent pay structure (£29k)
- Wigan Visionplus Limited
£29k - Industry AVG
Efficiency
resulting in sales per employee of £33.7k, this is less efficient (£156.3k)
- Wigan Visionplus Limited
£156.3k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is near the average (14 days)
- Wigan Visionplus Limited
14 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (38 days)
- Wigan Visionplus Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Wigan Visionplus Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 66 weeks, this is more cash available to meet short term requirements (20 weeks)
66 weeks - Wigan Visionplus Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.5%, this is a lower level of debt than the average (56.1%)
42.5% - Wigan Visionplus Limited
56.1% - Industry AVG
WIGAN VISIONPLUS LIMITED financials
Wigan Visionplus Limited's latest turnover from February 2024 is estimated at £2.6 million and the company has net assets of £240.7 thousand. According to their latest financial statements, Wigan Visionplus Limited has 76 employees and maintains cash reserves of £227 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 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 76 | 72 | 70 | 63 | 72 | 76 | 77 | 77 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 1,896 | 1,961 | 1,624 | 1,152 | 1,125 | 959 | 523 | 543 | 721 | ||||||
| Total Fixed Assets | 1,896 | 1,961 | 1,624 | 1,152 | 1,125 | 959 | 523 | 543 | 721 | ||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 102,209 | 121,818 | 83,145 | 113,969 | 109,592 | 140,442 | 152,879 | 122,118 | 854,497 | 794,255 | 393,593 | 633,488 | 454,392 | 499,865 | 697,694 |
| Group Debtors | 42,545 | 59,342 | 172,468 | 117,973 | 261,455 | 134,561 | 198,159 | ||||||||
| Misc Debtors | 44,783 | 43,771 | 31,336 | 15,105 | 14,382 | 15,508 | 28,248 | ||||||||
| Cash | 226,981 | 225,752 | 504,090 | 650,211 | 398,567 | 429,809 | 201,441 | 269,480 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| misc current assets | |||||||||||||||
| total current assets | 416,518 | 450,683 | 791,039 | 897,258 | 783,996 | 891,581 | 504,389 | 618,005 | 854,522 | 794,280 | 393,618 | 633,513 | 454,417 | 499,890 | 697,719 |
| total assets | 418,414 | 452,644 | 792,663 | 898,410 | 785,121 | 891,581 | 505,348 | 618,528 | 855,065 | 795,001 | 393,618 | 633,513 | 454,417 | 499,890 | 697,719 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 3,470 | 4,342 | 2,822 | 12,248 | 22,218 | 45,700 | 15,995 | 13,141 | 857,311 | 114,691 | 227,040 | 110,960 | 124,053 | 176,996 | 262,272 |
| Group/Directors Accounts | 4,447 | 2,121 | 100,742 | 2,305 | 3,248 | 683 | 1,558 | ||||||||
| other short term finances | 13,471 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 169,789 | 146,689 | 194,298 | 184,838 | 185,802 | 184,154 | 225,880 | ||||||||
| total current liabilities | 177,706 | 153,152 | 297,862 | 199,391 | 211,268 | 225,326 | 200,832 | 240,579 | 857,311 | 114,691 | 227,040 | 110,960 | 124,053 | 176,996 | 262,272 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 177,706 | 153,152 | 297,862 | 199,391 | 211,268 | 225,326 | 200,832 | 240,579 | 857,311 | 114,691 | 227,040 | 110,960 | 124,053 | 176,996 | 262,272 |
| net assets | 240,708 | 299,492 | 494,801 | 699,019 | 573,853 | 666,255 | 304,516 | 377,949 | -2,246 | 680,310 | 166,578 | 522,553 | 330,364 | 322,894 | 435,447 |
| total shareholders funds | 240,708 | 299,492 | 494,801 | 699,019 | 573,853 | 666,255 | 304,516 | 377,949 | -2,246 | 680,310 | 166,578 | 522,553 | 330,364 | 322,894 | 435,447 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -35,459 | -61,681 | 40,374 | -138,355 | 246,112 | -163,465 | 303,907 | -505,992 | 60,064 | 401,383 | -239,895 | 179,096 | -45,473 | -197,829 | 697,694 |
| Creditors | -872 | 1,520 | -9,426 | -9,970 | -23,482 | 29,705 | 15,995 | -844,170 | 742,620 | -112,349 | 116,080 | -13,093 | -52,943 | -85,276 | 262,272 |
| Accruals and Deferred Income | 23,100 | -47,609 | 9,460 | -964 | 185,802 | -184,154 | 184,154 | 225,880 | |||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 2,326 | -98,621 | 98,437 | -943 | 3,248 | -683 | 683 | 1,558 | |||||||
| Other Short Term Loans | -13,471 | 13,471 | |||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 1,229 | -278,338 | -146,121 | 251,644 | -31,242 | 228,368 | 201,441 | 269,455 | 25 | ||||||
| overdraft | |||||||||||||||
| change in cash | 1,229 | -278,338 | -146,121 | 251,644 | -31,242 | 228,368 | 201,441 | 269,455 | 25 |
wigan visionplus limited Credit Report and Business Information
Wigan Visionplus Limited Competitor Analysis
Perform a competitor analysis for wigan 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 WN1 area or any other competitors across 12 key performance metrics.
wigan visionplus limited Ownership
WIGAN VISIONPLUS LIMITED group structure
Wigan Visionplus Limited has no subsidiary companies.
Ultimate parent company
2 parents
WIGAN VISIONPLUS LIMITED
02866776
wigan visionplus limited directors
Wigan Visionplus Limited currently has 6 directors. The longest serving directors include Mr Graeme Gardner (Nov 1993) and Mrs Susan Gardner (Apr 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Graeme Gardner | England | 68 years | Nov 1993 | - | Director |
| Mrs Susan Gardner | England | 63 years | Apr 2010 | - | Director |
| Ms Laura Gardner | England | 37 years | Aug 2016 | - | Director |
| Mr Tim Gardner | England | 33 years | Feb 2020 | - | Director |
| Mr Nigel Parker | Guernsey | 58 years | Mar 2021 | - | Director |
| Mr John Perkins | Guernsey | 52 years | Mar 2021 | - | Director |
P&L
February 2024turnover
2.6m
+9%
operating profit
-70.7k
0%
gross margin
25.2%
-0.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
240.7k
-0.2%
total assets
418.4k
-0.08%
cash
227k
+0.01%
net assets
Total assets minus all liabilities
wigan visionplus limited company details
company number
02866776
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
October 1993
age
32
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
3-5 standishgate, wigan, wn1 1ue, WN1 1UE
Bank
-
Legal Advisor
-
wigan visionplus limited Charges & Mortgages
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.
We did not find charges/mortgages relating to wigan visionplus limited.
wigan visionplus limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for WIGAN VISIONPLUS LIMITED. This can take several minutes, an email will notify you when this has completed.
wigan visionplus limited Companies House Filings - See Documents
| date | description | view/download |
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