Prime Optical Company Limited

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prime optical company limited Company Information

Live

MatureMicroDeclining

Company Number

02968603

Website

www.prime-optical.co.uk

Registered Address

heath avenue, littleover, derby, derbyshire, DE23 6DJ

Industry

Other manufacturing n.e.c.

Telephone

01332360775

Next Accounts Due

June 2025

Group Structure

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Directors

Peter Clarke30 Years

Shareholders

peter clarke 100%

prime optical company limited Estimated Valuation

£12.2k

Pomanda estimates the enterprise value of PRIME OPTICAL COMPANY LIMITED at £12.2k based on a Turnover of £22.6k and 0.54x industry multiple (adjusted for size and gross margin).

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Prime Optical Company Limited is a live company located in derby, DE23 6DJ with a Companies House number of 02968603. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in September 1994, it's largest shareholder is peter clarke with a 100% stake. Prime Optical Company Limited is a mature, micro sized company, Pomanda has estimated its turnover at £22.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Prime Optical Company Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £22.6k, make it smaller than the average company (£13.4m)

Growth

3 year (CAGR) sales growth of -38%, show it is growing at a slower rate (4.7%)

EXPORT

Prime Optical Company Limited's latest turnover from September 2023 is estimated at £22.6 thousand and the company has net assets of -£79.2 thousand. According to their latest financial statements, we estimate that Prime Optical Company Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	22,628	101,975	56,385	95,408	98,679	27,674	122,095	28,660	100,552	85,935	80,788	60,766	92,624	134,136	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	15,963	71,612	40,123	67,870	68,840	19,271	83,235	19,384	68,637	58,508	54,849	41,129	62,692	90,134	0
Gross Profit	6,665	30,363	16,262	27,538	29,839	8,403	38,859	9,276	31,915	27,427	25,939	19,637	29,932	44,003	0
Admin Expenses	7,196	44,863	10,538	31,729	40,579	16,268	45,839	15,873	33,922	33,228	24,265	13,558	36,540	50,908	10,802
Operating Profit	-531	-14,500	5,724	-4,191	-10,740	-7,865	-6,980	-6,597	-2,007	-5,801	1,674	6,079	-6,608	-6,905	-10,802
Interest Payable	1,099	571	513	762	934	1,014	986	515	0	0	0	0	0	0	0
Interest Receivable	0	0	1	1	2	0	0	0	0	7	7	0	0	0	0
Pre-Tax Profit	-1,630	-15,071	5,211	-4,952	-11,671	-8,879	-7,966	-7,112	-2,007	-5,794	1,681	6,079	-6,608	-6,905	-10,802
Tax	0	0	-990	0	0	0	0	0	0	0	-387	-1,459	0	0	0
Profit After Tax	-1,630	-15,071	4,221	-4,952	-11,671	-8,879	-7,966	-7,112	-2,007	-5,794	1,294	4,620	-6,608	-6,905	-10,802
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,630	-15,071	4,221	-4,952	-11,671	-8,879	-7,966	-7,112	-2,007	-5,794	1,294	4,620	-6,608	-6,905	-10,802
Employee Costs	40,846	77,901	37,147	73,422	72,038	35,328	101,899	33,301	32,728	32,000	31,111	31,492	30,570	59,530	0
Number Of Employees	1	2	1	2	2	1	3	1	1	1	1	1	1	2	0
EBITDA*	-478	-12,795	7,464	-2,403	-8,787	-7,865	-6,514	-6,071	-1,913	-5,690	1,803	6,210	-6,474	-3,998	-3,117

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	997	1,050	2,755	4,495	6,283	2,247	2,643	3,109	535	629	740	869	758	892	3,799
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)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,627
Total Fixed Assets	997	1,050	2,755	4,495	6,283	2,247	2,643	3,109	535	629	740	869	758	892	7,426
Stock & work in progress	380	380	580	630	584	620	800	800	785	750	762	795	918	1,418	1,425
Trade Debtors	4,252	3,741	6,183	3,534	6,097	5,800	5,352	5,815	12,250	10,152	10,085	6,157	12,137	23,559	16,952
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	497	1,680	536	797	1,184	0	0	0	0	0	0	0
Cash	0	0	0	1,068	620	0	0	0	0	180	2,802	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	4,632	4,121	6,763	5,729	8,981	6,956	6,949	7,799	13,035	11,082	13,649	6,952	13,055	24,977	18,377
total assets	5,629	5,171	9,518	10,224	15,264	9,203	9,592	10,908	13,570	11,711	14,389	7,821	13,813	25,869	25,803
Bank overdraft	10,218	9,317	4,531	12,299	12,692	14,972	15,078	16,468	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	5,765	9,043	5,213	9,610	8,781	6,312	7,612	6,565	39,672	35,806	32,690	27,416	38,028	43,476	36,505
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	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	68,808	64,343	62,235	54,997	55,521	37,978	28,082	21,089	0	0	0	0	0	0	0
total current liabilities	84,791	82,703	71,979	76,906	76,994	59,262	50,772	44,122	39,672	35,806	32,690	27,416	38,028	43,476	36,505
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	84,791	82,703	71,979	76,906	76,994	59,262	50,772	44,122	39,672	35,806	32,690	27,416	38,028	43,476	36,505
net assets	-79,162	-77,532	-62,461	-66,682	-61,730	-50,059	-41,180	-33,214	-26,102	-24,095	-18,301	-19,595	-24,215	-17,607	-10,702
total shareholders funds	-79,162	-77,532	-62,461	-66,682	-61,730	-50,059	-41,180	-33,214	-26,102	-24,095	-18,301	-19,595	-24,215	-17,607	-10,702

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-531	-14,500	5,724	-4,191	-10,740	-7,865	-6,980	-6,597	-2,007	-5,801	1,674	6,079	-6,608	-6,905	-10,802
Depreciation	53	1,705	1,740	1,788	1,953	0	466	526	94	111	129	131	134	2,907	7,685
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-990	0	0	0	0	0	0	0	-387	-1,459	0	0	0
Stock	0	-200	-50	46	-36	-180	0	15	35	-12	-33	-123	-500	-7	1,425
Debtors	511	-2,442	2,152	-3,746	1,441	187	-850	-5,251	2,098	67	3,928	-5,980	-11,422	2,980	20,579
Creditors	-3,278	3,830	-4,397	829	2,469	-1,300	1,047	-33,107	3,866	3,116	5,274	-10,612	-5,448	6,971	36,505
Accruals and Deferred Income	4,465	2,108	7,238	-524	17,543	9,896	6,993	21,089	0	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	198	-4,215	7,213	1,602	9,820	724	2,376	-12,853	-180	-2,629	2,795	242	0	0	11,384
Investing Activities
capital expenditure	0	0	0	0	-5,989	396	0	-3,100	0	0	0	-242	0	0	-11,484
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	-5,989	396	0	-3,100	0	0	0	-242	0	0	-11,484
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	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	-1,099	-571	-512	-761	-932	-1,014	-986	-515	0	7	7	0	0	0	0
cash flow from financing	-1,099	-571	-512	-761	-932	-1,014	-986	-515	0	7	7	0	0	0	100
cash and cash equivalents
cash	0	0	-1,068	448	620	0	0	0	-180	-2,622	2,802	0	0	0	0
overdraft	901	4,786	-7,768	-393	-2,280	-106	-1,390	16,468	0	0	0	0	0	0	0
change in cash	-901	-4,786	6,700	841	2,900	106	1,390	-16,468	-180	-2,622	2,802	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 prime optical company limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in DE23 area or any other competitors across 12 key performance metrics.

PRIME OPTICAL COMPANY LIMITED group structure

Prime Optical Company Limited has no subsidiary companies.

Ultimate parent company

PRIME OPTICAL COMPANY LIMITED

02968603

PRIME OPTICAL COMPANY LIMITED Shareholders

peter clarke

100%

Prime Optical Company Limited currently has 1 director, Mr Peter Clarke serving since Sep 1994.

officer	country	age	start	end	role
Mr Peter Clarke		66 years	Sep 1994	-	Director

P&L

September 2023

turnover

22.6k

-78%

operating profit

-531.2

gross margin

29.5%

-1.07%

turnover

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

Balance Sheet

September 2023

net assets

-79.2k

+0.02%

total assets

5.6k

+0.09%

cash

net assets

Total assets minus all liabilities

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company number

02968603

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

September 1994

ultimate parent company

None

previous names

studydata limited (October 1994)

address

heath avenue, littleover, derby, derbyshire, DE23 6DJ

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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prime optical company limited Company Information

prime optical company limited Estimated Valuation

prime optical company limited Estimated Valuation

prime optical company limited Estimated Valuation

Prime Optical Company Limited Overview

Prime Optical Company Limited Health Check

PRIME OPTICAL COMPANY LIMITED financials

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