Sittingbourne Specsavers Limited

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sittingbourne specsavers limited Company Information

Live

MatureMicroDeclining

Company Number

03460348

Next Accounts

Nov 2025

Industry

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

Directors

Sharnpal Bains

Daniel Bilson

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Shareholders

specsavers uk holdings limited

jia-chiang cheong

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Group Structure

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Contact

Registered Address

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

Website

www.cleanerssittingbourne.co.uk

sittingbourne specsavers limited Estimated Valuation

£121.7k

Pomanda estimates the enterprise value of SITTINGBOURNE SPECSAVERS LIMITED at £121.7k based on an EBITDA of £43k and a 2.83x industry multiple (adjusted for size and gross margin).

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Sittingbourne Specsavers Limited is a live company located in fareham, PO15 7PA with a Companies House number of 03460348. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in November 1997, it's largest shareholder is specsavers uk holdings limited with a 50% stake. Sittingbourne Specsavers Limited is a mature, micro sized company, Pomanda has estimated its turnover at £19.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Sittingbourne Specsavers Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating0.5out of 5

0 Strong

2 Regular

9 Weak

Size

annual sales of £19.2k, make it smaller than the average company (£9.9m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (10.1%)

EXPORT

Sittingbourne Specsavers Limited's latest turnover from February 2024 is estimated at £19.2 thousand and the company has net assets of -£93.7 thousand. According to their latest financial statements, we estimate that Sittingbourne Specsavers Limited has 1 employee and maintains cash reserves of £41.2 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	19,209	26,576	23,828	27,620	36,906	27,906	44,722	31,077	24,991	753,626	341,346	254,723	441,282	254,063	324,454
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	14,363	19,845	17,579	20,877	27,517	20,276	32,950	22,914	18,387	567,079	256,190	184,877	321,648	183,829	232,821
Gross Profit	4,846	6,730	6,249	6,743	9,389	7,629	11,772	8,163	6,604	186,547	85,156	69,846	119,634	70,233	91,633
Admin Expenses	55,494	-95,446	-10,082	68,824	-2,404	-39,167	68,726	-7,490	125,440	-178,143	195,257	-111,592	244,671	-27,821	262,058
Operating Profit	-50,648	102,176	16,331	-62,081	11,793	46,796	-56,954	15,653	-118,836	364,690	-110,101	181,438	-125,037	98,054	-170,425
Interest Payable	6,517	15,491	16,735	16,480	8,614	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2,121	1,943	144	0	0	0	1	1	0	0	0	0	0	0	0
Pre-Tax Profit	-55,044	88,627	-260	-78,561	3,179	46,796	-56,953	15,654	-118,836	364,690	-110,101	181,438	-125,037	98,054	-170,425
Tax	0	-16,839	0	0	-604	-8,891	0	-3,131	0	-76,585	0	-43,545	0	-27,455	0
Profit After Tax	-55,044	71,788	-260	-78,561	2,575	37,905	-56,953	12,523	-118,836	288,105	-110,101	137,893	-125,037	70,599	-170,425
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-55,044	71,788	-260	-78,561	2,575	37,905	-56,953	12,523	-118,836	288,105	-110,101	137,893	-125,037	70,599	-170,425
Employee Costs	28,993	27,221	24,979	23,152	23,379	23,178	22,718	22,068	21,213	79,649	39,796	40,241	37,175	37,695	36,314
Number Of Employees	1	1	1	1	1	1	1	1	1	4	2	2	2	2	2
EBITDA*	42,989	173,458	84,883	-57	44,453	52,330	-52,069	22,259	-110,377	376,997	-96,624	201,233	69,839	116,577	-150,774

* 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	119,578	168,687	238,944	258,149	281,112	23,943	24,804	11,559	14,436	18,809	28,646	38,398	47,146	52,987	59,581
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	120	120	120	120	120	120	120	120	120	120	120	120	120	120	120
Debtors (Due After 1 year)	4,496	1,749	0	839	1,274	3,060	3,670	4,475	0	5,187	0	0	0	0	0
Total Fixed Assets	124,194	170,556	239,064	259,108	282,506	27,123	28,594	16,154	14,556	24,116	28,766	38,518	47,266	53,107	59,701
Stock & work in progress	26,820	24,655	27,149	26,294	27,528	29,714	30,790	34,851	24,041	26,719	20,741	19,182	19,285	24,615	23,226
Trade Debtors	0	0	0	0	0	0	0	0	0	155,565	12,833	12,483	11,173	9,919	9,522
Group Debtors	28,300	52,300	60,650	60,300	126,002	60,300	300	47,717	30,482	0	0	0	0	0	0
Misc Debtors	10,516	11,222	13,427	11,392	12,802	10,528	11,932	8,853	13,102	0	0	0	0	0	0
Cash	41,225	39,568	57,569	0	0	0	0	312	170	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	106,861	127,745	158,795	97,986	166,332	100,542	43,022	91,733	67,795	182,284	33,574	31,665	30,458	34,534	32,748
total assets	231,055	298,301	397,859	357,094	448,838	127,665	71,616	107,887	82,351	206,400	62,340	70,183	77,724	87,641	92,449
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	1,518	7,303	6,968	5,740	10,753	4,345	14,662	3,918	4,857	115,246	258,746	153,118	295,990	175,291	237,862
Group/Directors Accounts	266,352	231,074	252,615	154,715	199,425	147,762	129,066	115,674	102,714	0	0	0	0	0	0
other short term finances	0	0	100,141	88,206	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	17,593	14,096	8,208	15,255	7,598	1,295	0	3,454	2,462	0	0	0	0	0	0
total current liabilities	285,463	252,473	367,932	263,916	217,776	153,402	143,728	123,046	110,033	115,246	258,746	153,118	295,990	175,291	237,862
loans	35,831	80,023	129,661	196,901	255,223	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	3,470	4,470	5,470	6,470	7,471	8,470	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	545	3,915	6,477	12,126	24,962
provisions	0	0	5,249	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	39,301	84,493	140,380	203,371	262,694	8,470	0	0	0	0	545	3,915	6,477	12,126	24,962
total liabilities	324,764	336,966	508,312	467,287	480,470	161,872	143,728	123,046	110,033	115,246	259,291	157,033	302,467	187,417	262,824
net assets	-93,709	-38,665	-110,453	-110,193	-31,632	-34,207	-72,112	-15,159	-27,682	91,154	-196,951	-86,850	-224,743	-99,776	-170,375
total shareholders funds	-93,709	-38,665	-110,453	-110,193	-31,632	-34,207	-72,112	-15,159	-27,682	91,154	-196,951	-86,850	-224,743	-99,776	-170,375

	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	-50,648	102,176	16,331	-62,081	11,793	46,796	-56,954	15,653	-118,836	364,690	-110,101	181,438	-125,037	98,054	-170,425
Depreciation	93,637	71,282	68,552	62,024	32,660	5,534	4,885	6,606	8,459	12,307	13,477	19,795	194,876	18,523	19,651
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-16,839	0	0	-604	-8,891	0	-3,131	0	-76,585	0	-43,545	0	-27,455	0
Stock	2,165	-2,494	855	-1,234	-2,186	-1,076	-4,061	10,810	-2,678	5,978	1,559	-103	-5,330	1,389	23,226
Debtors	-21,959	-8,806	1,546	-67,547	66,190	57,986	-45,143	17,461	-117,168	147,919	350	1,310	1,254	397	9,522
Creditors	-5,785	335	1,228	-5,013	6,408	-10,317	10,744	-939	-110,389	-143,500	105,628	-142,872	120,699	-62,571	237,862
Accruals and Deferred Income	2,497	4,888	-8,047	6,656	5,304	9,765	-3,454	992	2,462	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-5,249	5,249	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	59,495	167,893	80,912	70,367	-8,443	-14,023	4,425	-9,090	-98,458	3,015	7,095	13,609	194,614	24,765	54,340
Investing Activities
capital expenditure	-44,528	-1,025	-49,347	-39,061	-289,829	-4,673	-18,130	-3,729	-4,086	-2,470	-3,725	-11,047	-189,035	-11,929	-79,232
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	120
cash flow from investments	-44,528	-1,025	-49,347	-39,061	-289,829	-4,673	-18,130	-3,729	-4,086	-2,470	-3,725	-11,047	-189,035	-11,929	-79,352
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	35,278	-21,541	97,900	-44,710	51,663	18,696	13,392	12,960	102,714	0	0	0	0	0	0
Other Short Term Loans	0	-100,141	11,935	88,206	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-44,192	-49,638	-67,240	-58,322	255,223	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	-545	-3,370	-2,562	-5,649	-12,836	24,962
share issue	0	0	0	0	0	0	0	0	0	0	0	0	70	0	50
interest	-4,396	-13,548	-16,591	-16,480	-8,614	0	1	1	0	0	0	0	0	0	0
cash flow from financing	-13,310	-184,868	26,004	-31,306	298,272	18,696	13,393	12,961	102,714	-545	-3,370	-2,562	-5,579	-12,836	25,012
cash and cash equivalents
cash	1,657	-18,001	57,569	0	0	0	-312	142	170	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	1,657	-18,001	57,569	0	0	0	-312	142	170	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 sittingbourne specsavers limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in PO15 area or any other competitors across 12 key performance metrics.

SITTINGBOURNE SPECSAVERS LIMITED group structure

Sittingbourne Specsavers Limited has 1 subsidiary company.

Ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

01721624

SPECSAVERS UK HOLDINGS LIMITED

10837649

2 parents

SITTINGBOURNE SPECSAVERS LIMITED

03460348

1 subsidiary

SITTINGBOURNE VISIONPLUS LIMITED

04345461

SITTINGBOURNE SPECSAVERS LIMITED Shareholders

specsavers uk holdings limited	50%
jia-chiang cheong	20%
suzanne louise rawes	15%
sharnpal singh bains	15%

Sittingbourne Specsavers Limited currently has 3 directors. The longest serving directors include Sharnpal Bains (Sep 2018) and Mr Daniel Bilson (Aug 2024).

officer	country	age	start	end	role
Sharnpal Bains	England	44 years	Sep 2018	-	Director
Mr Daniel Bilson	England	39 years	Aug 2024	-	Director
Mrs Mary Perkins	Guernsey	80 years	Aug 2024	-	Director

P&L

February 2024

turnover

19.2k

-28%

operating profit

-50.6k

gross margin

25.3%

-0.39%

turnover

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

Balance Sheet

February 2024

net assets

-93.7k

+1.42%

total assets

231.1k

-0.23%

cash

41.2k

+0.04%

net assets

Total assets minus all liabilities

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1.5

company number

03460348

Type

Private limited with Share Capital

industry

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

November 1997

ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

previous names

billtest limited (December 1997)

address

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

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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sittingbourne specsavers limited Company Information

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sittingbourne specsavers limited Estimated Valuation

sittingbourne specsavers limited Estimated Valuation

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SITTINGBOURNE SPECSAVERS LIMITED financials

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