vision enhancement services
vision enhancement services Company Information
Group Structure
View All
Industry
Other social work activities without accommodation n.e.c.
Registered Address
units 1 & 2 the ropeworks, whipcord lane, chester, cheshire, CH1 4DZ
Website
http://visionsupport.org.ukvision enhancement services Estimated Valuation
Pomanda estimates the enterprise value of VISION ENHANCEMENT SERVICES at £2.6m based on a Turnover of £4.9m and 0.53x industry multiple (adjusted for size and gross margin).
vision enhancement services Estimated Valuation
Pomanda estimates the enterprise value of VISION ENHANCEMENT SERVICES at £2.2m based on an EBITDA of £400.1k and a 5.52x industry multiple (adjusted for size and gross margin).
vision enhancement services Estimated Valuation
Pomanda estimates the enterprise value of VISION ENHANCEMENT SERVICES at £7m based on Net Assets of £2.9m and 2.4x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Vision Enhancement Services Overview
Vision Enhancement Services is a live company located in chester, CH1 4DZ with a Companies House number of 03512340. It operates in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in February 1998, it's largest shareholder is unknown. Vision Enhancement Services is a mature, small sized company, Pomanda has estimated its turnover at £4.9m with high growth in recent years.
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Vision Enhancement Services Health Check
Pomanda's financial health check has awarded Vision Enhancement Services a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £4.9m, make it larger than the average company (£485.6k)
£4.9m - Vision Enhancement Services
£485.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.5%)
16% - Vision Enhancement Services
6.5% - Industry AVG
Production
with a gross margin of 67.5%, this company has a comparable cost of product (67.5%)
67.5% - Vision Enhancement Services
67.5% - Industry AVG
Profitability
an operating margin of 5.4% make it more profitable than the average company (3.5%)
5.4% - Vision Enhancement Services
3.5% - Industry AVG
Employees
with 96 employees, this is above the industry average (14)
96 - Vision Enhancement Services
14 - Industry AVG
Pay Structure
on an average salary of £28.6k, the company has an equivalent pay structure (£25.1k)
£28.6k - Vision Enhancement Services
£25.1k - Industry AVG
Efficiency
resulting in sales per employee of £51.6k, this is more efficient (£39.5k)
£51.6k - Vision Enhancement Services
£39.5k - Industry AVG
Debtor Days
it gets paid by customers after 95 days, this is later than average (14 days)
95 days - Vision Enhancement Services
14 days - Industry AVG
Creditor Days
its suppliers are paid after 68 days, this is slower than average (5 days)
68 days - Vision Enhancement Services
5 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is less than average (15 days)
10 days - Vision Enhancement Services
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 86 weeks, this is less cash available to meet short term requirements (239 weeks)
86 weeks - Vision Enhancement Services
239 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.9%, this is a higher level of debt than the average (12.8%)
20.9% - Vision Enhancement Services
12.8% - Industry AVG
VISION ENHANCEMENT SERVICES financials
Vision Enhancement Services's latest turnover from March 2024 is £4.9 million and the company has net assets of £2.9 million. According to their latest financial statements, Vision Enhancement Services has 96 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,949,130 | 3,941,756 | 3,578,371 | 3,170,153 | 3,223,436 | 3,260,811 | 2,517,701 | 2,499,215 | 2,583,258 | 2,755,130 | 2,846,470 | 2,388,931 | 1,744,114 | 1,750,906 | 2,011,812 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 251,754 | 107,216 | 346,600 | 83,261 | 207,406 | 433,690 | 76,880 | 170,743 | -23,021 | -37,220 | 125,138 | -188,615 | -148,578 | -100,621 | 45,775 |
| Tax | |||||||||||||||
| Profit After Tax | 251,754 | 107,216 | 346,600 | 83,261 | 207,406 | 433,690 | 76,880 | 170,743 | -23,021 | -37,220 | 125,138 | -188,615 | -148,578 | -100,621 | 45,775 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 251,754 | 107,216 | 346,600 | 83,261 | 207,406 | 433,690 | 76,880 | 170,743 | -23,021 | -37,220 | 125,138 | -188,615 | -148,578 | -100,621 | 45,775 |
| Employee Costs | 2,743,674 | 2,271,500 | 1,817,724 | 1,792,509 | 1,732,056 | 1,659,657 | 1,433,465 | 1,435,090 | 1,452,347 | 1,819,590 | 1,779,438 | 1,640,026 | 1,312,522 | 1,262,286 | 1,442,921 |
| Number Of Employees | 96 | 92 | 75 | 73 | 77 | 78 | 68 | 72 | 76 | 94 | 100 | 89 | 73 | 75 | 80 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 379,266 | 392,380 | 340,862 | 331,688 | 275,446 | 296,659 | 268,421 | 272,011 | 296,287 | 311,171 | 294,213 | 299,184 | 300,911 | 306,465 | 312,281 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 571,430 | 527,731 | 566,403 | 365,769 | 336,066 | 346,200 | 329,013 | 332,218 | 304,832 | 232,204 | 232,759 | 216,028 | |||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 950,696 | 920,111 | 907,265 | 697,457 | 611,512 | 642,859 | 597,434 | 604,229 | 601,119 | 311,171 | 294,213 | 299,184 | 533,115 | 539,224 | 528,309 |
| Stock & work in progress | 48,086 | 55,357 | 4,313 | 4,504 | 4,332 | 5,121 | 5,535 | 5,891 | 5,896 | 5,748 | 5,712 | 6,057 | 6,044 | 6,425 | 8,761 |
| Trade Debtors | 1,292,608 | 900,267 | 740,362 | 784,380 | 839,091 | 669,606 | 537,867 | 406,762 | 338,641 | 373,484 | 394,234 | 440,570 | 300,352 | 371,840 | 391,060 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 109,856 | 110,016 | 333,770 | 164,045 | 169,867 | 111,268 | 93,784 | 90,172 | 73,588 | 59,540 | 75,863 | 53,614 | 65,598 | 67,133 | 60,555 |
| Cash | 1,275,033 | 1,298,562 | 1,091,448 | 1,026,463 | 1,077,418 | 944,717 | 629,804 | 712,360 | 633,027 | 948,918 | 1,052,214 | 622,320 | 616,696 | 690,293 | 811,932 |
| misc current assets | 45,000 | 1,000 | 56,000 | 275,000 | 291,667 | 300,000 | 300,000 | ||||||||
| total current assets | 2,725,583 | 2,364,202 | 2,169,893 | 1,979,392 | 2,090,708 | 1,730,712 | 1,311,990 | 1,216,185 | 1,107,152 | 1,387,690 | 1,528,023 | 1,397,561 | 1,280,357 | 1,435,691 | 1,572,308 |
| total assets | 3,676,279 | 3,284,313 | 3,077,158 | 2,676,849 | 2,702,220 | 2,373,571 | 1,909,424 | 1,820,414 | 1,708,271 | 1,698,861 | 1,822,236 | 1,696,745 | 1,813,472 | 1,974,915 | 2,100,617 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 301,342 | 172,064 | 162,793 | 144,980 | 137,777 | 97,435 | 59,713 | 71,900 | 62,230 | 73,017 | 89,546 | 73,488 | 60,470 | 30,144 | 44,992 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 468,062 | 457,128 | 366,460 | 330,564 | 340,799 | 334,498 | 278,532 | 263,119 | 265,920 | 256,738 | 290,365 | 284,070 | 240,347 | 499,981 | 521,827 |
| total current liabilities | 769,404 | 629,192 | 529,253 | 475,544 | 478,576 | 431,933 | 338,245 | 335,019 | 328,150 | 329,755 | 379,911 | 357,558 | 300,817 | 530,125 | 566,819 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 105,600 | 5,120 | |||||||||||||
| total long term liabilities | 105,600 | 43,000 | 100,000 | 134,000 | 130,000 | 5,120 | |||||||||
| total liabilities | 769,404 | 629,192 | 529,253 | 475,544 | 584,176 | 431,933 | 338,245 | 335,019 | 328,150 | 372,755 | 479,911 | 491,558 | 430,817 | 530,125 | 571,939 |
| net assets | 2,906,875 | 2,655,121 | 2,547,905 | 2,201,305 | 2,118,044 | 1,941,638 | 1,571,179 | 1,485,395 | 1,380,121 | 1,326,106 | 1,342,325 | 1,205,187 | 1,382,655 | 1,444,790 | 1,528,678 |
| total shareholders funds | 2,906,875 | 2,655,121 | 2,547,905 | 2,201,305 | 2,118,044 | 1,941,638 | 1,571,179 | 1,485,395 | 1,380,121 | 1,326,106 | 1,342,325 | 1,205,187 | 1,382,655 | 1,444,790 | 1,528,678 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 131,963 | 102,959 | 73,270 | 63,144 | 46,626 | 58,300 | 44,607 | 7,709 | 36,532 | 47,099 | 40,548 | 39,994 | 30,021 | 28,237 | 22,702 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -7,271 | 51,044 | -191 | 172 | -789 | -414 | -356 | -5 | 148 | 36 | -345 | 13 | -381 | -2,336 | 8,761 |
| Debtors | 392,181 | -63,849 | 125,707 | -60,533 | 228,084 | 149,223 | 134,717 | 84,705 | -20,795 | -37,073 | -24,087 | 128,234 | -73,023 | -12,642 | 451,615 |
| Creditors | 129,278 | 9,271 | 17,813 | 7,203 | 40,342 | 37,722 | -12,187 | 9,670 | -10,787 | -16,529 | 16,058 | 13,018 | 30,326 | -14,848 | 44,992 |
| Accruals and Deferred Income | 10,934 | 90,668 | 35,896 | -10,235 | 6,301 | 55,966 | 15,413 | -2,801 | 9,182 | -33,627 | 6,295 | 43,723 | -259,634 | -21,846 | 521,827 |
| Deferred Taxes & Provisions | -105,600 | 105,600 | -5,120 | 5,120 | |||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -91,550 | -55,629 | 89,413 | ||||||||||||
| Change in Investments | 43,699 | -38,672 | 200,634 | 29,703 | -10,134 | 17,187 | -3,205 | 27,386 | 304,832 | -232,204 | -555 | 16,731 | 216,028 | ||
| cash flow from investments | -43,699 | 38,672 | -200,634 | -29,703 | 10,134 | -108,737 | -52,424 | 62,027 | -304,832 | ||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | -31,000 | -63,231 | 8,904 | -65,469 | 77,036 | 21,001 | 12,000 | 11,147 | 86,443 | 16,733 | 1,482,903 | ||||
| cash and cash equivalents | |||||||||||||||
| cash | -23,529 | 207,114 | 64,985 | -50,955 | 132,701 | 314,913 | -82,556 | 79,333 | -315,891 | -103,296 | 429,894 | 5,624 | -73,597 | -121,639 | 811,932 |
| overdraft | |||||||||||||||
| change in cash | -23,529 | 207,114 | 64,985 | -50,955 | 132,701 | 314,913 | -82,556 | 79,333 | -315,891 | -103,296 | 429,894 | 5,624 | -73,597 | -121,639 | 811,932 |
vision enhancement services Credit Report and Business Information
Vision Enhancement Services Competitor Analysis
Perform a competitor analysis for vision enhancement services by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in CH1 area or any other competitors across 12 key performance metrics.
vision enhancement services Ownership
VISION ENHANCEMENT SERVICES group structure
Vision Enhancement Services has 1 subsidiary company.
Ultimate parent company
VISION ENHANCEMENT SERVICES
03512340
1 subsidiary
vision enhancement services directors
Vision Enhancement Services currently has 7 directors. The longest serving directors include Mr Miles Tutton (Jan 2009) and Mrs Sandra Massey (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Miles Tutton | England | 77 years | Jan 2009 | - | Director |
| Mrs Sandra Massey | United Kingdom | 70 years | Sep 2019 | - | Director |
| Mr Mark Thorp | England | 62 years | Mar 2021 | - | Director |
| Ms Clare Caws | 47 years | Feb 2022 | - | Director | |
| Mrs Valery Ashbrook | 58 years | Jan 2023 | - | Director | |
| Mr Alan Allman | England | 65 years | Mar 2023 | - | Director |
| Mr Geoffrey Homer | Wales | 80 years | Mar 2023 | - | Director |
P&L
March 2024turnover
4.9m
+26%
operating profit
268.1k
0%
gross margin
67.6%
-0.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
2.9m
+0.09%
total assets
3.7m
+0.12%
cash
1.3m
-0.02%
net assets
Total assets minus all liabilities
vision enhancement services company details
company number
03512340
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
88990 - Other social work activities without accommodation n.e.c.
incorporation date
February 1998
age
27
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
cheshire and north east wales society for the blind (November 2001)
accountant
-
auditor
MITCHELL CHARLESWORTH (AUDIT) LIMITED
address
units 1 & 2 the ropeworks, whipcord lane, chester, cheshire, CH1 4DZ
Bank
BANK OF SCOTLAND
Legal Advisor
SAS DANIELS LLP
vision enhancement services 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 found 1 charges/mortgages relating to vision enhancement services. Currently there are 0 open charges and 1 have been satisfied in the past.
vision enhancement services 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 VISION ENHANCEMENT SERVICES. This can take several minutes, an email will notify you when this has completed.
vision enhancement services Companies House Filings - See Documents
| date | description | view/download |
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