Crossgates Visionplus Limited

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crossgates visionplus limited Company Information

Company Number

02885434

Next Accounts

Nov 2025

Directors

Justine Nelson

Mary Perkins

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Shareholders

crossgates specsavers limited

specsavers uk holdings ltd & crossgates specsavers ltd

Group Structure

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Industry

Retail sale by opticians

Registered Address

unit 8a, the crossgates shopping centre, leeds, LS15 8ET

Website

http://specsavers.co.uk

crossgates visionplus limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of CROSSGATES VISIONPLUS LIMITED at £1.1m based on a Turnover of £2m and 0.56x industry multiple (adjusted for size and gross margin).

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Crossgates Visionplus Limited is a live company located in leeds, LS15 8ET with a Companies House number of 02885434. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in January 1994, it's largest shareholder is crossgates specsavers limited with a 99.5% stake. Crossgates Visionplus Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with high growth in recent years.

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Pomanda's financial health check has awarded Crossgates Visionplus Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £2m, make it smaller than the average company (£4.1m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (12.5%)

EXPORT

Crossgates Visionplus Limited's latest turnover from February 2024 is estimated at £2 million and the company has net assets of £95.7 thousand. According to their latest financial statements, Crossgates Visionplus Limited has 45 employees and maintains cash reserves of £116 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	1,962,990	1,389,273	1,071,330	1,253,262	2,074,606	2,043,565	1,990,975	1,860,694	1,931,958	7,970,079	5,470,418	4,756,092	6,907,523	4,526,777	6,016,070
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	894,954	476,980	436,794	983,338	1,548,666	1,513,053	1,190,221	603,029	591,445	2,933,704	2,205,147	1,791,870	3,970,405	2,528,662	3,370,187
Gross Profit	1,068,036	912,293	634,536	269,924	525,940	530,512	800,754	1,257,665	1,340,513	5,036,375	3,265,271	2,964,222	2,937,118	1,998,115	2,645,883
Admin Expenses	1,090,507	945,311	948,710	-45,800	498,506	367,605	1,259,819	730,986	1,650,580	4,920,750	3,129,223	3,044,340	2,799,856	2,085,366	2,297,855
Operating Profit	-22,471	-33,018	-314,174	315,724	27,434	162,907	-459,065	526,679	-310,067	115,625	136,048	-80,118	137,262	-87,251	348,028
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,065	4,030	1,235	202	400	310	205	79	75	0	0	0	0	0	0
Pre-Tax Profit	-18,406	-28,988	-312,939	315,926	27,833	163,217	-458,860	526,758	-309,992	115,625	136,048	-80,118	137,262	-87,251	348,028
Tax	0	0	0	-60,026	-5,288	-31,011	0	-100,084	0	-23,125	-28,570	0	-32,943	0	-97,448
Profit After Tax	-18,406	-28,988	-312,939	255,900	22,545	132,206	-458,860	426,674	-309,992	92,500	107,478	-80,118	104,319	-87,251	250,580
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-18,406	-28,988	-312,939	255,900	22,545	132,206	-458,860	426,674	-309,992	92,500	107,478	-80,118	104,319	-87,251	250,580
Employee Costs	1,392,240	1,487,836	1,192,381	1,071,115	1,009,495	1,085,569	1,133,642	1,111,856	465,996	1,965,138	1,222,296	1,074,414	1,726,160	1,116,888	1,573,408
Number Of Employees	45	47	40	43	44	46	46	48	21	80	56	52	85	57	79
EBITDA*	-22,471	-33,018	-314,174	315,724	27,434	162,907	-459,065	526,679	-310,067	115,625	136,048	-80,118	137,262	-87,251	348,028

* 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	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)	1,371	1,413	865	717	1,096	579	647	0	258	298	148	0	0	0	0
Total Fixed Assets	1,371	1,413	865	717	1,096	579	647	0	258	298	148	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	70,836	68,463	57,796	54,900	77,103	79,164	96,550	75,355	92,424	444,853	345,353	274,247	337,457	227,539	300,834
Group Debtors	0	70,468	65,472	171,065	144,962	171,233	10,846	459,055	21,997	0	0	0	0	0	0
Misc Debtors	29,239	34,057	17,596	9,466	10,242	2,133	1,698	8,839	7,462	0	0	0	0	0	0
Cash	115,992	38,878	162,643	331,257	72,680	33,901	48,881	33,214	30,197	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	216,067	211,866	303,507	566,688	304,987	286,431	157,975	576,463	152,080	444,853	345,353	274,247	337,457	227,539	300,834
total assets	217,438	213,279	304,372	567,405	306,083	287,010	158,622	576,463	152,338	445,151	345,501	274,247	337,457	227,539	300,834
Bank overdraft	0	0	0	0	0	0	0	0	0	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	2,464	2,570	3,003	448	2,969	2,714	2,304	6,414	12,549	57,543	50,393	86,617	69,709	64,110	50,154
Group/Directors Accounts	11,180	1,547	54,879	1,096	536	10,886	4,141	792	2,940	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	108,046	95,008	103,348	109,780	102,397	95,774	106,747	64,967	59,233	0	0	0	0	0	0
total current liabilities	121,690	99,125	161,230	111,324	105,902	109,374	113,192	72,173	74,722	57,543	50,393	86,617	69,709	64,110	50,154
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	121,690	99,125	161,230	111,324	105,902	109,374	113,192	72,173	74,722	57,543	50,393	86,617	69,709	64,110	50,154
net assets	95,748	114,154	143,142	456,081	200,181	177,636	45,430	504,290	77,616	387,608	295,108	187,630	267,748	163,429	250,680
total shareholders funds	95,748	114,154	143,142	456,081	200,181	177,636	45,430	504,290	77,616	387,608	295,108	187,630	267,748	163,429	250,680

	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	-22,471	-33,018	-314,174	315,724	27,434	162,907	-459,065	526,679	-310,067	115,625	136,048	-80,118	137,262	-87,251	348,028
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	0	-60,026	-5,288	-31,011	0	-100,084	0	-23,125	-28,570	0	-32,943	0	-97,448
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-72,955	32,672	-94,419	2,745	-19,706	143,368	-433,508	421,108	-323,010	99,650	71,254	-63,210	109,918	-73,295	300,834
Creditors	-106	-433	2,555	-2,521	255	410	-4,110	-6,135	-44,994	7,150	-36,224	16,908	5,599	13,956	50,154
Accruals and Deferred Income	13,038	-8,340	-6,432	7,383	6,623	-10,973	41,780	5,734	59,233	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	63,416	-74,463	-223,632	257,815	48,730	-22,035	12,113	5,086	27,182	0	0	0	0	0	-100
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	9,633	-53,332	53,783	560	-10,350	6,745	3,349	-2,148	2,940	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	100
interest	4,065	4,030	1,235	202	400	310	205	79	75	0	0	0	0	0	0
cash flow from financing	13,698	-49,302	55,018	762	-9,950	7,055	3,554	-2,069	3,015	0	0	0	0	0	100
cash and cash equivalents
cash	77,114	-123,765	-168,614	258,577	38,779	-14,980	15,667	3,017	30,197	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	77,114	-123,765	-168,614	258,577	38,779	-14,980	15,667	3,017	30,197	0	0	0	0	0	0

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 crossgates 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 LS15 area or any other competitors across 12 key performance metrics.

CROSSGATES VISIONPLUS LIMITED group structure

Crossgates Visionplus Limited has no subsidiary companies.

Ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

01721624

CROSSGATES SPECSAVERS LIMITED

02885430

2 parents

CROSSGATES VISIONPLUS LIMITED

02885434

CROSSGATES VISIONPLUS LIMITED Shareholders

crossgates specsavers limited	99.5%
specsavers uk holdings ltd & crossgates specsavers ltd	0.5%

Crossgates Visionplus Limited currently has 5 directors. The longest serving directors include Miss Justine Nelson (Nov 2021) and Mrs Mary Perkins (Nov 2021).

officer	country	age	start	end	role
Miss Justine Nelson	England	53 years	Nov 2021	-	Director
Mrs Mary Perkins	Guernsey	81 years	Nov 2021	-	Director
Mr Richard Dallas	England	39 years	Apr 2022	-	Director
Mr James Baker	England	50 years	Apr 2022	-	Director
Mr Giles Edmonds	England	52 years	Jul 2024	-	Director

P&L

February 2024

turnover

+41%

operating profit

-22.5k

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

95.7k

-0.16%

total assets

217.4k

+0.02%

cash

116k

+1.98%

net assets

Total assets minus all liabilities

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company number

02885434

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

January 1994

ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

previous names

darlington visionplus limited (February 1994)

address

unit 8a, the crossgates shopping centre, leeds, LS15 8ET

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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crossgates visionplus limited Company Information

crossgates visionplus limited Estimated Valuation

crossgates visionplus limited Estimated Valuation

crossgates visionplus limited Estimated Valuation

Crossgates Visionplus Limited Overview

Crossgates Visionplus Limited Health Check

CROSSGATES VISIONPLUS LIMITED financials

crossgates visionplus limited Credit Report and Business Information

Crossgates Visionplus Limited Competitor Analysis

crossgates visionplus limited Ownership

crossgates visionplus limited directors

crossgates visionplus limited company details

crossgates visionplus limited Charges & Mortgages

crossgates visionplus limited Capital Raised & Share Issues BETA

crossgates visionplus limited Companies House Filings - See Documents