Newport Visionplus Limited

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newport visionplus limited Company Information

Company Number

03675505

Next Accounts

Nov 2025

Directors

Jason Williams

John Perkins

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Shareholders

newport specsavers ltd

specsavers optical group ltd & newport specsavers ltd

Group Structure

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Industry

Retail sale by opticians

Registered Address

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

Website

https://www.specsavers.co.uk

newport visionplus limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of NEWPORT VISIONPLUS LIMITED at £1.5m based on a Turnover of £2.4m and 0.62x industry multiple (adjusted for size and gross margin).

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Newport Visionplus Limited is a live company located in fareham, PO15 7PA with a Companies House number of 03675505. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in November 1998, it's largest shareholder is newport specsavers ltd with a 99.6% stake. Newport Visionplus Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Newport Visionplus Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

7 Weak

Size

annual sales of £2.4m, make it smaller than the average company (£4.1m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a slower rate (12.5%)

EXPORT

Newport Visionplus Limited's latest turnover from February 2024 is estimated at £2.4 million and the company has net assets of £301.4 thousand. According to their latest financial statements, Newport Visionplus Limited has 49 employees and maintains cash reserves of £149.3 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	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	2,380,153	1,647,478	1,422,803	1,811,898	2,635,997	2,618,080	2,311,658	2,351,777	2,227,900	3,766,288	7,072,309	2,500,225	8,344,005	8,440,627	10,164,838
Other Income Or Grants
Cost Of Sales	1,085,145	565,630	580,093	1,421,658	1,967,738	1,938,423	1,381,928	778,107	678,996	1,342,686	2,368,892	1,062,930	4,660,969	4,073,343	5,448,765
Gross Profit	1,295,009	1,081,849	842,710	390,241	668,259	679,657	929,730	1,573,670	1,548,904	2,423,602	4,703,417	1,437,295	3,683,036	4,367,285	4,716,074
Admin Expenses	1,488,218	1,295,874	572,294	203,259	442,631	754,560	716,812	1,688,079	1,375,612	2,748,048	4,281,021	1,790,700	3,659,304	4,398,845	4,203,055
Operating Profit	-193,209	-214,025	270,416	186,982	225,628	-74,903	212,918	-114,409	173,292	-324,446	422,396	-353,405	23,732	-31,560	513,019
Interest Payable
Interest Receivable	10,030	16,848	2,841	350	788	209	263	156	96
Pre-Tax Profit	-183,179	-197,177	273,257	187,332	226,416	-74,694	213,181	-114,253	173,388	-324,446	422,396	-353,405	23,732	-31,560	513,019
Tax			-51,919	-35,593	-43,019		-40,504		-34,677		-97,151		-6,170		-143,645
Profit After Tax	-183,179	-197,177	221,338	151,739	183,397	-74,694	172,677	-114,253	138,710	-324,446	325,245	-353,405	17,562	-31,560	369,374
Dividends Paid
Retained Profit	-183,179	-197,177	221,338	151,739	183,397	-74,694	172,677	-114,253	138,710	-324,446	325,245	-353,405	17,562	-31,560	369,374
Employee Costs	1,515,995	1,551,148	1,490,477	1,195,663	1,215,983	1,321,562	1,281,509	1,080,721	1,043,802	870,636	1,702,484	619,854	1,754,800	1,977,599	2,919,673
Number Of Employees	49	49	50	48	53	56	52	48	46	39	78	30	91	101	145
EBITDA*	-193,209	-214,025	270,416	186,982	225,628	-74,903	212,918	-114,409	173,292	-324,446	422,396	-353,405	23,732	-31,560	513,019

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)	1,523	958	782	718	678	271	454	232	245	208
Total Fixed Assets	1,523	958	782	718	678	271	454	232	245	208
Stock & work in progress
Trade Debtors	137,139	122,054	112,358	137,457	106,791	111,499	117,048	139,827	87,166	203,483	382,321	126,299	401,005	398,393	458,889
Group Debtors	56,486	180,793	101,950		119,089	63,885	111,765	1,066	54,545
Misc Debtors	41,377	39,520	18,724	11,827	9,450	10,635	11,210	4	11,104
Cash	149,288	232,798	609,594	526,718	173,187	36,851	18,859	86,367	38,307	25	25	25	25	25	25
misc current assets
total current assets	384,290	575,165	842,626	676,002	408,517	222,870	258,882	227,264	191,122	203,508	382,346	126,324	401,030	398,418	458,914
total assets	385,813	576,123	843,408	676,720	409,195	223,141	259,336	227,496	191,367	203,716	382,346	126,324	401,030	398,418	458,914
Bank overdraft
Bank loan
Trade Creditors	2,981	2,411	581	24	4,322	7,201	3,227	2,086	3,191	200,826	55,010	124,233	45,554	60,504	89,440
Group/Directors Accounts	4,655	3,553	64,122	124,890	6,332	8,556	1,579	143,368	7,260
other short term finances
hp & lease commitments
other current liabilities	76,729	85,532	96,901	91,340	89,814	82,054	54,506	54,695	39,316
total current liabilities	84,365	91,496	161,604	216,254	100,468	97,811	59,312	200,149	49,767	200,826	55,010	124,233	45,554	60,504	89,440
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	84,365	91,496	161,604	216,254	100,468	97,811	59,312	200,149	49,767	200,826	55,010	124,233	45,554	60,504	89,440
net assets	301,448	484,627	681,804	460,466	308,727	125,330	200,024	27,347	141,600	2,890	327,336	2,091	355,476	337,914	369,474
total shareholders funds	301,448	484,627	681,804	460,466	308,727	125,330	200,024	27,347	141,600	2,890	327,336	2,091	355,476	337,914	369,474

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	-193,209	-214,025	270,416	186,982	225,628	-74,903	212,918	-114,409	173,292	-324,446	422,396	-353,405	23,732	-31,560	513,019
Depreciation
Amortisation
Tax			-51,919	-35,593	-43,019		-40,504		-34,677		-97,151		-6,170		-143,645
Stock
Debtors	-106,800	109,511	83,812	-86,006	49,718	-54,187	99,348	-11,931	-50,631	-178,630	256,022	-274,706	2,612	-60,496	458,889
Creditors	570	1,830	557	-4,298	-2,879	3,974	1,141	-1,105	-197,635	145,816	-69,223	78,679	-14,950	-28,936	89,440
Accruals and Deferred Income	-8,803	-11,369	5,561	1,526	7,760	27,548	-189	15,379	39,316
Deferred Taxes & Provisions
Cash flow from operations	-94,642	-333,075	140,803	234,623	137,772	10,806	74,018	-88,204	30,927			-20			-75
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts	1,102	-60,569	-60,768	118,558	-2,224	6,977	-141,789	136,108	7,260
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue												20			100
interest	10,030	16,848	2,841	350	788	209	263	156	96
cash flow from financing	11,132	-43,721	-57,927	118,908	-1,436	7,186	-141,526	136,264	7,356			20			100
cash and cash equivalents
cash	-83,510	-376,796	82,876	353,531	136,336	17,992	-67,508	48,060	38,282						25
overdraft
change in cash	-83,510	-376,796	82,876	353,531	136,336	17,992	-67,508	48,060	38,282						25

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 newport 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.

NEWPORT VISIONPLUS LIMITED group structure

Newport Visionplus Limited has no subsidiary companies.

Ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

01721624

NEWPORT SPECSAVERS LIMITED

02290723

2 parents

NEWPORT VISIONPLUS LIMITED

03675505

NEWPORT VISIONPLUS LIMITED Shareholders

newport specsavers ltd	99.58%
specsavers optical group ltd & newport specsavers ltd	0.42%

Newport Visionplus Limited currently has 6 directors. The longest serving directors include Mr Jason Williams (Mar 2003) and Mr John Perkins (Oct 2012).

officer	country	age	start	end	role
Mr Jason Williams	United Kingdom	55 years	Mar 2003	-	Director
Mr John Perkins	Guernsey	52 years	Oct 2012	-	Director
Mr Craig MacKenzie	Wales	49 years	Oct 2012	-	Director
Mr Andrew Bowers	Wales	44 years	Oct 2012	-	Director
Ms Haylie Pritchard		43 years	Feb 2024	-	Director
Mr Douglas Perkins	Guernsey	82 years	Feb 2024	-	Director

P&L

February 2024

turnover

2.4m

+44%

operating profit

-193.2k

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

301.4k

-0.38%

total assets

385.8k

-0.33%

cash

149.3k

-0.36%

net assets

Total assets minus all liabilities

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company number

03675505

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

November 1998

ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

previous names

jers visionplus limited (January 1999)

address

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

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newport visionplus limited Company Information

newport visionplus limited Estimated Valuation

newport visionplus limited Estimated Valuation

newport visionplus limited Estimated Valuation

Newport Visionplus Limited Overview

Newport Visionplus Limited Health Check

NEWPORT VISIONPLUS LIMITED financials

newport visionplus limited Credit Report and Business Information

Newport Visionplus Limited Competitor Analysis

newport visionplus limited Ownership

newport visionplus limited directors

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newport visionplus limited Companies House Filings - See Documents