Idle Visionplus Limited

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idle visionplus limited Company Information

Company Number

02876778

Next Accounts

Nov 2025

Directors

Bhrat Phakey

Mary Perkins

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Shareholders

idle specsavers ltd

idle specsavers ltd & specsaver uk holdings ltd

Group Structure

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Industry

Retail sale by opticians

Registered Address

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

Website

specsavers.co.uk

idle visionplus limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of IDLE VISIONPLUS LIMITED at £1.2m based on a Turnover of £1.9m and 0.62x industry multiple (adjusted for size and gross margin).

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Idle Visionplus Limited is a live company located in fareham, PO15 7PA with a Companies House number of 02876778. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in December 1993, it's largest shareholder is idle specsavers ltd with a 99.5% stake. Idle Visionplus Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with high growth in recent years.

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Pomanda's financial health check has awarded Idle 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

Health Rating3.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £1.9m, make it smaller than the average company (£4.1m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (12.5%)

EXPORT

Idle Visionplus Limited's latest turnover from February 2024 is estimated at £1.9 million and the company has net assets of £114.7 thousand. According to their latest financial statements, Idle Visionplus Limited has 45 employees and maintains cash reserves of £72.6 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	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	1,932,446	1,200,673	1,038,923	1,091,429	2,255,746	2,004,480	2,063,857	1,951,345	2,353,812	6,927,447	5,334,751	4,442,533	5,582,903	4,819,300	4,806,478
Other Income Or Grants
Cost Of Sales	881,029	412,228	423,581	856,361	1,683,885	1,484,115	1,233,791	632,408	720,591	2,549,922	2,150,459	1,673,736	3,209,021	2,692,066	2,692,576
Gross Profit	1,051,417	788,446	615,342	235,069	571,861	520,365	830,066	1,318,937	1,633,221	4,377,525	3,184,292	2,768,797	2,373,882	2,127,235	2,113,901
Admin Expenses	1,046,574	872,555	490,581	218,857	582,661	1,441,823	416,822	931,235	1,529,787	4,079,130	3,345,813	2,794,241	2,271,483	2,157,712	1,869,165
Operating Profit	4,843	-84,109	124,761	16,212	-10,800	-921,458	413,244	387,702	103,434	298,395	-161,521	-25,444	102,399	-30,477	244,736
Interest Payable
Interest Receivable	3,037	3,132	498	68	240	83	72	47	44
Pre-Tax Profit	7,880	-80,977	125,259	16,280	-10,560	-921,375	413,316	387,749	103,478	298,395	-161,521	-25,444	102,399	-30,477	244,736
Tax	-1,970		-23,799	-3,093			-78,530	-73,672	-20,695	-59,679			-24,576		-68,526
Profit After Tax	5,910	-80,977	101,460	13,187	-10,560	-921,375	334,786	314,077	82,782	238,716	-161,521	-25,444	77,823	-30,477	176,210
Dividends Paid
Retained Profit	5,910	-80,977	101,460	13,187	-10,560	-921,375	334,786	314,077	82,782	238,716	-161,521	-25,444	77,823	-30,477	176,210
Employee Costs	1,392,240	1,297,899	1,162,572	846,928	1,055,381	1,085,569	1,207,576	1,158,183	1,109,514	1,719,496	1,200,470	991,767	1,401,236	1,175,671	1,274,660
Number Of Employees	45	41	39	34	46	46	49	50	50	70	55	48	69	60	64
EBITDA*	4,843	-84,109	124,761	16,212	-10,800	-921,458	413,244	387,702	103,434	298,395	-161,521	-25,444	102,399	-30,477	244,736

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)	1,028	1,002	753	756		723	1,434	949	227		275
Total Fixed Assets	1,028	1,002	753	756		723	1,434	949	227		275
Stock & work in progress
Trade Debtors	62,520	56,471	52,858	61,792	89,376	74,372	95,139	80,035	88,126	386,184	334,911	256,406	272,810	242,038	240,169
Group Debtors	47,678	60,868	154,147	39,062	17,109	77,234	1,055,124	812,364	432,844
Misc Debtors	29,955	33,506	28,303	8,102	11,058	2,319	1,940	153	426
Cash	72,587	43,103	113,495	85,893	50,462	13,648	8,420	20,432	17,429	25	25	25	25	25	25
misc current assets
total current assets	212,740	193,948	348,803	194,849	168,005	167,573	1,160,623	912,984	538,825	386,209	334,936	256,431	272,835	242,063	240,194
total assets	213,768	194,950	349,556	195,605	168,005	168,296	1,162,057	913,933	539,052	386,209	335,211	256,431	272,835	242,063	240,194
Bank overdraft
Bank loan
Trade Creditors	3,397	2,690	1,905	3,757	6,486	7,833	9,480	5,787	2,908	110,802	298,520	58,219	49,179	96,230	63,884
Group/Directors Accounts	2,520	1,780	53,041	1,080	3,974	8,129	55,114	183,989	115,954
other short term finances
hp & lease commitments
other current liabilities	93,154	81,693	104,846	102,464	82,428	66,657	90,411	51,891	62,001
total current liabilities	99,071	86,163	159,792	107,301	92,888	82,619	155,005	241,667	180,863	110,802	298,520	58,219	49,179	96,230	63,884
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	99,071	86,163	159,792	107,301	92,888	82,619	155,005	241,667	180,863	110,802	298,520	58,219	49,179	96,230	63,884
net assets	114,697	108,787	189,764	88,304	75,117	85,677	1,007,052	672,266	358,189	275,407	36,691	198,212	223,656	145,833	176,310
total shareholders funds	114,697	108,787	189,764	88,304	75,117	85,677	1,007,052	672,266	358,189	275,407	36,691	198,212	223,656	145,833	176,310

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	4,843	-84,109	124,761	16,212	-10,800	-921,458	413,244	387,702	103,434	298,395	-161,521	-25,444	102,399	-30,477	244,736
Depreciation
Amortisation
Tax	-1,970		-23,799	-3,093			-78,530	-73,672	-20,695	-59,679			-24,576		-68,526
Stock
Debtors	-10,666	-84,214	126,349	-7,831	-37,105	-998,989	260,136	371,878	135,439	50,998	78,780	-16,404	30,772	1,869	240,169
Creditors	707	785	-1,852	-2,729	-1,347	-1,647	3,693	2,879	-107,894	-187,718	240,301	9,040	-47,051	32,346	63,884
Accruals and Deferred Income	11,461	-23,153	2,382	20,036	15,771	-23,754	38,520	-10,110	62,001
Deferred Taxes & Provisions
Cash flow from operations	25,707	-22,263	-24,857	38,257	40,729	52,130	116,791	-65,079	-98,593						-75
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts	740	-51,261	51,961	-2,894	-4,155	-46,985	-128,875	68,035	115,954
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue															100
interest	3,037	3,132	498	68	240	83	72	47	44
cash flow from financing	3,777	-48,129	52,459	-2,826	-3,915	-46,902	-128,803	68,082	115,998						100
cash and cash equivalents
cash	29,484	-70,392	27,602	35,431	36,814	5,228	-12,012	3,003	17,404						25
overdraft
change in cash	29,484	-70,392	27,602	35,431	36,814	5,228	-12,012	3,003	17,404						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 idle 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.

IDLE VISIONPLUS LIMITED group structure

Idle Visionplus Limited has no subsidiary companies.

Ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

01721624

IDLE SPECSAVERS LIMITED

02198513

2 parents

IDLE VISIONPLUS LIMITED

02876778

IDLE VISIONPLUS LIMITED Shareholders

idle specsavers ltd	99.5%
idle specsavers ltd & specsaver uk holdings ltd	0.5%

Idle Visionplus Limited currently has 6 directors. The longest serving directors include Mr Bhrat Phakey (Jul 2000) and Mrs Mary Perkins (Jan 2014).

officer	country	age	start	end	role
Mr Bhrat Phakey		66 years	Jul 2000	-	Director
Mrs Mary Perkins	Guernsey	81 years	Jan 2014	-	Director
Miss Kiran Bola	England	43 years	Dec 2018	-	Director
Mr James Baker	England	50 years	Apr 2022	-	Director
Mr Nigel Parker	Guernsey	58 years	Nov 2024	-	Director
Ms Sunita Sagoo	England	47 years	Nov 2024	-	Director

P&L

February 2024

turnover

1.9m

+61%

operating profit

4.8k

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

114.7k

+0.05%

total assets

213.8k

+0.1%

cash

72.6k

+0.68%

net assets

Total assets minus all liabilities

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company number

02876778

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

December 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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idle visionplus limited Company Information

idle visionplus limited Estimated Valuation

idle visionplus limited Estimated Valuation

idle visionplus limited Estimated Valuation

Idle Visionplus Limited Overview

Idle Visionplus Limited Health Check

IDLE VISIONPLUS LIMITED financials

idle visionplus limited Credit Report and Business Information

Idle Visionplus Limited Competitor Analysis

idle visionplus limited Ownership

idle visionplus limited directors

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