Pomanda estimates the enterprise value of REDDITCH VISIONPLUS LIMITED at £1.1m based on a Turnover of £1.7m and 0.61x industry multiple (adjusted for size and gross margin).
redditch visionplus limitedEstimated Valuation
£1.9m
Pomanda estimates the enterprise value of REDDITCH VISIONPLUS LIMITED at £1.9m based on an EBITDA of £524.7k and a 3.58x industry multiple (adjusted for size and gross margin).
redditch visionplus limitedEstimated Valuation
£1.9m
Pomanda estimates the enterprise value of REDDITCH VISIONPLUS LIMITED at £1.9m based on Net Assets of £661k and 2.84x industry multiple (adjusted for liquidity).
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Redditch Visionplus LimitedOverview
Redditch Visionplus Limited is a live company located in redditch, B97 4YP with a Companies House number of 02875784. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in November 1993, it's largest shareholder is
redditch specsavers ltd
with a 99.5% stake. Redditch Visionplus Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£1.7m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Redditch Visionplus Limited a 4.5 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 Rating4.5out of 5
3 Strong
4 Regular
4 Weak
Size
annual sales of £1.7m, make it smaller than the average company (£4.1m)
£1.7m - Redditch Visionplus Limited
£4.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a similar rate (12.5%)
15% - Redditch Visionplus Limited
12.5% - Industry AVG
Production
with a gross margin of 54.4%, this company has a higher cost of product (68.1%)
54.4% - Redditch Visionplus Limited
68.1% - Industry AVG
Profitability
an operating margin of 30.3% make it more profitable than the average company (5.5%)
30.3% - Redditch Visionplus Limited
5.5% - Industry AVG
Employees
with 39 employees, this is similar to the industry average (33)
39 - Redditch Visionplus Limited
33 - Industry AVG
Pay Structure
on an average salary of £30.9k, the company has an equivalent pay structure (£30.9k)
£30.9k - Redditch Visionplus Limited
£30.9k - Industry AVG
Efficiency
resulting in sales per employee of £44.5k, this is less efficient (£102k)
£44.5k - Redditch Visionplus Limited
£102k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is near the average (13 days)
14 days - Redditch Visionplus Limited
13 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (43 days)
2 days - Redditch Visionplus Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Redditch Visionplus Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 18 weeks, this is more cash available to meet short term requirements (12 weeks)
18 weeks - Redditch Visionplus Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 12.6%, this is a lower level of debt than the average (58.8%)
12.6% - Redditch Visionplus Limited
58.8% - Industry AVG
REDDITCH VISIONPLUS LIMITED financials
EXPORT
Redditch Visionplus Limited's latest turnover from February 2024 is estimated at £1.7 million and the company has net assets of £661 thousand. According to their latest financial statements, Redditch Visionplus Limited has 39 employees and maintains cash reserves of £33.9 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
1,734,390
1,110,763
1,054,939
1,150,791
1,819,499
1,692,612
1,680,159
1,566,278
9,669,399
4,922,385
6,350,508
4,379,007
5,331,578
4,820,143
Other Income Or Grants
Cost Of Sales
790,732
381,359
430,111
902,937
1,358,233
1,253,208
1,004,413
536,477
3,340,591
2,091,034
2,238,948
1,867,686
2,978,742
2,201,445
Gross Profit
943,658
729,404
624,828
247,854
461,267
439,404
675,746
1,029,801
6,328,808
2,831,351
4,111,560
2,511,320
2,352,837
2,618,698
Admin Expenses
418,948
740,033
439,515
1,167,225
-106,788
46,820
349,743
1,229,880
6,058,358
2,889,961
4,025,455
2,529,472
2,309,363
2,669,799
-335,418
Operating Profit
524,710
-10,629
185,313
-919,371
568,055
392,584
326,003
-200,079
270,450
-58,610
86,105
-18,152
43,474
-51,101
335,418
Interest Payable
Interest Receivable
1,587
2,884
565
97
386
124
38
43
Pre-Tax Profit
526,297
-7,745
185,878
-919,274
568,441
392,707
326,041
-200,036
270,450
-58,610
86,105
-18,152
43,474
-51,101
335,418
Tax
-131,574
-35,317
-108,004
-74,614
-61,948
-54,090
-19,804
-11,303
-93,917
Profit After Tax
394,723
-7,745
150,561
-919,274
460,437
318,093
264,093
-200,036
216,360
-58,610
66,301
-18,152
32,171
-51,101
241,501
Dividends Paid
Retained Profit
394,723
-7,745
150,561
-919,274
460,437
318,093
264,093
-200,036
216,360
-58,610
66,301
-18,152
32,171
-51,101
241,501
Employee Costs
1,206,608
1,171,275
1,132,762
871,837
848,894
920,374
911,843
810,541
2,508,957
1,098,470
1,520,849
1,097,869
1,312,833
1,274,660
Number Of Employees
39
37
38
35
37
39
37
36
97
50
70
54
67
64
EBITDA*
524,710
-10,629
185,313
-919,371
568,055
392,584
326,003
-200,079
270,450
-58,610
86,105
-18,152
43,474
-51,101
335,418
* 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
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
1,145
1,186
982
695
433
496
900
592
Total Fixed Assets
1,145
1,186
982
695
433
496
900
592
Stock & work in progress
Trade Debtors
69,079
57,956
72,337
68,664
72,414
62,235
87,893
59,365
494,305
280,642
366,375
248,082
249,281
249,310
356,054
Group Debtors
627,923
298,499
229,230
58,220
971,289
595,236
274,323
192,491
Misc Debtors
24,375
29,813
18,240
7,211
6,186
3,600
8,718
8,502
Cash
33,932
26,520
117,660
108,402
85,096
17,849
15,192
34,154
45
45
45
45
45
45
45
misc current assets
total current assets
755,309
412,788
437,467
242,497
1,134,985
678,920
386,126
294,512
494,350
280,687
366,420
248,127
249,326
249,355
356,099
total assets
756,454
413,974
438,449
242,497
1,135,680
679,353
386,622
294,512
495,250
281,279
366,420
248,127
249,326
249,355
356,099
Bank overdraft
Bank loan
Trade Creditors
4,568
2,072
5,480
2,966
4,897
8,286
7,445
5,868
66,680
69,069
95,600
43,608
26,655
58,855
114,498
Group/Directors Accounts
2,260
62,889
54,385
1,606
1,089
24,106
5,196
1,490
other short term finances
hp & lease commitments
other current liabilities
88,638
82,748
104,574
114,476
86,971
64,675
109,788
58,620
total current liabilities
95,466
147,709
164,439
119,048
92,957
97,067
122,429
65,978
66,680
69,069
95,600
43,608
26,655
58,855
114,498
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
95,466
147,709
164,439
119,048
92,957
97,067
122,429
65,978
66,680
69,069
95,600
43,608
26,655
58,855
114,498
net assets
660,988
266,265
274,010
123,449
1,042,723
582,286
264,193
228,534
428,570
212,210
270,820
204,519
222,671
190,500
241,601
total shareholders funds
660,988
266,265
274,010
123,449
1,042,723
582,286
264,193
228,534
428,570
212,210
270,820
204,519
222,671
190,500
241,601
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
524,710
-10,629
185,313
-919,371
568,055
392,584
326,003
-200,079
270,450
-58,610
86,105
-18,152
43,474
-51,101
335,418
Depreciation
Amortisation
Tax
-131,574
-35,317
-108,004
-74,614
-61,948
-54,090
-19,804
-11,303
-93,917
Stock
Debtors
335,068
66,665
186,694
-916,489
389,080
290,074
371,430
-234,847
213,971
-85,141
118,293
-1,199
-29
-106,744
356,054
Creditors
2,496
-3,408
2,514
-1,931
-3,389
841
7,445
-60,812
-2,389
-26,531
51,992
16,953
-32,200
-55,643
114,498
Accruals and Deferred Income
5,890
-21,826
-9,902
27,505
22,296
-45,113
109,788
58,620
Deferred Taxes & Provisions
Cash flow from operations
66,454
-102,528
-44,086
22,692
89,878
-16,376
9,858
32,576
-55
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
-60,629
8,504
52,779
517
-23,017
18,910
5,196
1,490
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
100
interest
1,587
2,884
565
97
386
124
38
43
cash flow from financing
-59,042
11,388
53,344
614
-22,631
19,034
5,334
1,533
100
cash and cash equivalents
cash
7,412
-91,140
9,258
23,306
67,247
2,657
15,192
34,109
45
overdraft
change in cash
7,412
-91,140
9,258
23,306
67,247
2,657
15,192
34,109
45
redditch visionplus limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for redditch visionplus limited. Get real-time insights into redditch visionplus limited's credit score, group structure and payment trends.
Perform a competitor analysis for redditch 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 B97 area or any other competitors across 12 key performance metrics.
redditch visionplus limited Ownership
REDDITCH VISIONPLUS LIMITED group structure
Redditch Visionplus Limited has no subsidiary companies.
The largest shareholders in Redditch Visionplus Limited include Redditch Specsavers Ltd and Redditch Specsavers Ltd & Specsavers Optical Group Ltd.
redditch specsavers ltd
99.5%
redditch specsavers ltd & specsavers optical group ltd
0.5%
redditch visionplus limited directors
Redditch Visionplus Limited currently has 4 directors.
The longest serving directors include
Mr Douglas Perkins (Dec 2015) and
Ms Sarah Wright (Dec 2015).
14 new walk, kingfisher shopping centre, redditch, worcestershire, B97 4YP
Bank
-
Legal Advisor
-
redditch 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 redditch visionplus limited.
redditch 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 REDDITCH VISIONPLUS LIMITED. This can take several minutes, an email will notify you when this has completed.
redditch visionplus limitedCompanies House Filings - See Documents
