sheffield visionplus limited
sheffield visionplus limited Company Information
Company Number
02972414
Next Accounts
Nov 2025
Shareholders
sheffield specsavers ltd
specsavers uk holdings ltd & sheffield specsavers ltd
Group Structure
View All
Industry
Retail sale by opticians
Registered Address
forum 6, parkway, solent business park whiteley, fareham, PO15 7PA
Website
https://www.specsavers.co.uksheffield visionplus limited Estimated Valuation
Pomanda estimates the enterprise value of SHEFFIELD VISIONPLUS LIMITED at £1.4m based on a Turnover of £2.2m and 0.62x industry multiple (adjusted for size and gross margin).
sheffield visionplus limited Estimated Valuation
Pomanda estimates the enterprise value of SHEFFIELD VISIONPLUS LIMITED at £648.8k based on an EBITDA of £179k and a 3.62x industry multiple (adjusted for size and gross margin).
sheffield visionplus limited Estimated Valuation
Pomanda estimates the enterprise value of SHEFFIELD VISIONPLUS LIMITED at £701.7k based on Net Assets of £247.5k and 2.84x industry multiple (adjusted for liquidity).
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Sheffield Visionplus Limited Overview
Sheffield Visionplus Limited is a live company located in fareham, PO15 7PA with a Companies House number of 02972414. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in September 1994, it's largest shareholder is sheffield specsavers ltd with a 99.5% stake. Sheffield Visionplus Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with high growth in recent years.
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Sheffield Visionplus Limited Health Check
Pomanda's financial health check has awarded Sheffield Visionplus Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £2.2m, make it smaller than the average company (£4.1m)
- Sheffield Visionplus Limited
£4.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (12.5%)
- Sheffield Visionplus Limited
12.5% - Industry AVG
Production
with a gross margin of 54.4%, this company has a higher cost of product (68.1%)
- Sheffield Visionplus Limited
68.1% - Industry AVG
Profitability
an operating margin of 8.1% make it more profitable than the average company (5.5%)
- Sheffield Visionplus Limited
5.5% - Industry AVG
Employees
with 54 employees, this is above the industry average (33)
54 - Sheffield Visionplus Limited
33 - Industry AVG
Pay Structure
on an average salary of £30.9k, the company has an equivalent pay structure (£30.9k)
- Sheffield Visionplus Limited
£30.9k - Industry AVG
Efficiency
resulting in sales per employee of £41.1k, this is less efficient (£102k)
- Sheffield Visionplus Limited
£102k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (13 days)
- Sheffield Visionplus Limited
13 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (43 days)
- Sheffield Visionplus Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Sheffield Visionplus Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is average cash available to meet short term requirements (12 weeks)
11 weeks - Sheffield Visionplus Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39.5%, this is a lower level of debt than the average (58.8%)
39.5% - Sheffield Visionplus Limited
58.8% - Industry AVG
SHEFFIELD VISIONPLUS LIMITED financials
Sheffield Visionplus Limited's latest turnover from February 2024 is estimated at £2.2 million and the company has net assets of £247.5 thousand. According to their latest financial statements, Sheffield Visionplus Limited has 54 employees and maintains cash reserves of £37 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 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 54 | 47 | 49 | 45 | 55 | 60 | 65 | 63 | 63 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 1,187 | 912 | 831 | 607 | 697 | 733 | 1,200 | 653 | 549 | 861 | |||||
| Total Fixed Assets | 1,187 | 912 | 831 | 607 | 697 | 733 | 1,200 | 653 | 549 | 861 | |||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 49,610 | 52,404 | 37,453 | 41,885 | 104,589 | 92,823 | 98,860 | 93,170 | 83,725 | 402,004 | 604,446 | 605,071 | 482,562 | 407,453 | 512,858 |
| Group Debtors | 277,416 | 84,569 | 187,045 | 120,785 | 1,762,028 | 1,193,493 | 550,617 | 10,469 | 449,381 | ||||||
| Misc Debtors | 43,742 | 33,956 | 20,954 | 15,325 | 9,721 | 6,610 | 19,770 | 43,661 | |||||||
| Cash | 36,961 | 80,533 | 301,012 | 447,299 | 99,969 | 24,498 | 19,766 | 166,066 | 242,801 | 25 | 25 | 25 | 25 | 25 | 25 |
| misc current assets | |||||||||||||||
| total current assets | 407,729 | 251,462 | 546,464 | 625,294 | 1,976,307 | 1,317,424 | 689,013 | 313,366 | 775,907 | 402,029 | 604,471 | 605,096 | 482,587 | 407,478 | 512,883 |
| total assets | 408,916 | 252,374 | 547,295 | 625,901 | 1,977,004 | 1,318,157 | 690,213 | 314,019 | 776,456 | 402,890 | 604,471 | 605,096 | 482,587 | 407,478 | 512,883 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 6,344 | 10,741 | 5,480 | 17,222 | 21,940 | 17,683 | 17,415 | 14,263 | 4,430 | 103,133 | 94,633 | 83,336 | 89,607 | 103,334 | 159,644 |
| Group/Directors Accounts | 1,857 | 2,702 | 56,190 | 1,838 | 682 | 15,887 | 76,490 | 498,950 | 535 | ||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 153,212 | 127,966 | 143,620 | 131,980 | 101,327 | 91,033 | 91,371 | 56,061 | 107,006 | ||||||
| total current liabilities | 161,413 | 141,409 | 205,290 | 151,040 | 123,949 | 124,603 | 185,276 | 569,274 | 111,971 | 103,133 | 94,633 | 83,336 | 89,607 | 103,334 | 159,644 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 161,413 | 141,409 | 205,290 | 151,040 | 123,949 | 124,603 | 185,276 | 569,274 | 111,971 | 103,133 | 94,633 | 83,336 | 89,607 | 103,334 | 159,644 |
| net assets | 247,503 | 110,965 | 342,005 | 474,861 | 1,853,055 | 1,193,554 | 504,937 | -255,255 | 664,485 | 299,757 | 509,838 | 521,760 | 392,980 | 304,144 | 353,239 |
| total shareholders funds | 247,503 | 110,965 | 342,005 | 474,861 | 1,853,055 | 1,193,554 | 504,937 | -255,255 | 664,485 | 299,757 | 509,838 | 521,760 | 392,980 | 304,144 | 353,239 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | 200,114 | -74,442 | 67,681 | -1,698,433 | 583,376 | 623,212 | 522,494 | -385,702 | 130,790 | -201,581 | -625 | 122,509 | 75,109 | -105,405 | 512,858 |
| Creditors | -4,397 | 5,261 | -11,742 | -4,718 | 4,257 | 268 | 3,152 | 9,833 | -98,703 | 8,500 | 11,297 | -6,271 | -13,727 | -56,310 | 159,644 |
| Accruals and Deferred Income | 25,246 | -15,654 | 11,640 | 30,653 | 10,294 | -338 | 35,310 | -50,945 | 107,006 | ||||||
| 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 | -845 | -53,488 | 54,352 | 1,156 | -15,205 | -60,603 | -422,460 | 498,415 | 535 | ||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -43,572 | -220,479 | -146,287 | 347,330 | 75,471 | 4,732 | -146,300 | -76,735 | 242,776 | 25 | |||||
| overdraft | |||||||||||||||
| change in cash | -43,572 | -220,479 | -146,287 | 347,330 | 75,471 | 4,732 | -146,300 | -76,735 | 242,776 | 25 |
sheffield visionplus limited Credit Report and Business Information
Sheffield Visionplus Limited Competitor Analysis
Perform a competitor analysis for sheffield 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.
sheffield visionplus limited Ownership
SHEFFIELD VISIONPLUS LIMITED group structure
Sheffield Visionplus Limited has no subsidiary companies.
Ultimate parent company
2 parents
SHEFFIELD VISIONPLUS LIMITED
02972414
sheffield visionplus limited directors
Sheffield Visionplus Limited currently has 4 directors. The longest serving directors include Mr Paul McGinty (Dec 1995) and Mr Douglas Perkins (Jan 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul McGinty | England | 60 years | Dec 1995 | - | Director |
| Mr Douglas Perkins | Guernsey | 82 years | Jan 2016 | - | Director |
| Mrs Lorna Armitage | England | 55 years | Jan 2016 | - | Director |
| Mr Jaskiran Sandhu | England | 33 years | Oct 2024 | - | Director |
P&L
February 2024turnover
2.2m
+67%
operating profit
179k
0%
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 2024net assets
247.5k
+1.23%
total assets
408.9k
+0.62%
cash
37k
-0.54%
net assets
Total assets minus all liabilities
sheffield visionplus limited company details
company number
02972414
Type
Private limited with Share Capital
industry
47782 - Retail sale by opticians
incorporation date
September 1994
age
31
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
forum 6, parkway, solent business park whiteley, fareham, PO15 7PA
Bank
-
Legal Advisor
-
sheffield 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 sheffield visionplus limited.
sheffield 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 SHEFFIELD VISIONPLUS LIMITED. This can take several minutes, an email will notify you when this has completed.
sheffield visionplus limited Companies House Filings - See Documents
| date | description | view/download |
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