Goole Specsavers Limited

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goole specsavers limited Company Information

Live

MatureSmallDeclining

Company Number

04173057

Next Accounts

34 days late

Industry

Retail sale by opticians

Directors

Kamran Raza

Bilal Ayaz

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Shareholders

specsavers uk holdings limited

kamran raza

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Group Structure

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Contact

Registered Address

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

Website

www.fashioneyessunglasses.com

goole specsavers limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of GOOLE SPECSAVERS LIMITED at £1.8m based on Net Assets of £623.4k and 2.9x industry multiple (adjusted for liquidity).

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Goole Specsavers Limited is a live company located in fareham, PO15 7PA with a Companies House number of 04173057. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in March 2001, it's largest shareholder is specsavers uk holdings limited with a 50.2% stake. Goole Specsavers Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Goole Specsavers Limited a 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

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£3.6m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (6.5%)

EXPORT

Goole Specsavers Limited's latest turnover from February 2023 is estimated at £1.2 million and the company has net assets of £623.4 thousand. According to their latest financial statements, Goole Specsavers Limited has 23 employees and maintains cash reserves of £651.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	1,228,249	1,360,155	1,332,337	1,744,350	1,691,266	1,712,518	1,453,139	6,161,681	6,407,334	1,492,472	1,359,715	1,548,525	1,688,542	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	348,698	404,566	413,338	503,898	464,107	490,599	381,449	1,847,428	1,952,055	430,525	420,954	515,893	538,144	0
Gross Profit	879,551	955,589	918,999	1,240,452	1,227,159	1,221,919	1,071,690	4,314,254	4,455,279	1,061,946	938,762	1,032,631	1,150,398	0
Admin Expenses	775,056	843,580	771,167	1,260,741	1,207,526	805,905	1,066,693	4,276,308	4,412,241	1,021,621	943,935	1,013,809	1,156,288	-293,063
Operating Profit	104,495	112,009	147,832	-20,289	19,633	416,014	4,997	37,946	43,038	40,325	-5,173	18,822	-5,890	293,063
Interest Payable	14,822	9,955	7,421	1,547	0	0	0	0	0	0	0	0	0	0
Interest Receivable	22,518	2,154	291	1,509	1,398	411	450	715	1,130	1,392	1,432	1,345	1,086	514
Pre-Tax Profit	112,191	104,209	140,701	-20,326	21,031	416,426	5,448	38,661	44,168	41,717	-3,741	20,166	-4,804	293,578
Tax	-21,316	-19,800	-26,733	0	-3,996	-79,121	-1,089	-7,732	-9,275	-9,595	0	-5,243	0	-82,202
Profit After Tax	90,875	84,409	113,968	-20,326	17,035	337,305	4,358	30,929	34,893	32,122	-3,741	14,923	-4,804	211,376
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	90,875	84,409	113,968	-20,326	17,035	337,305	4,358	30,929	34,893	32,122	-3,741	14,923	-4,804	211,376
Employee Costs	728,090	745,238	672,560	619,463	613,583	665,399	558,427	2,042,406	2,326,810	482,128	406,155	450,674	512,341	0
Number Of Employees	23	25	27	27	26	27	25	81	108	23	20	23	26	0
EBITDA*	150,768	166,561	201,807	751	35,916	442,231	24,963	57,429	66,356	62,936	21,420	52,765	20,807	311,966

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	101,701	144,098	179,146	95,283	58,305	64,609	70,369	72,337	43,396	45,819	61,716	88,308	115,165	48,516
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	101,701	144,098	179,146	95,283	58,305	64,609	70,369	72,337	43,396	45,819	61,716	88,308	115,165	48,516
Stock & work in progress	18,701	23,101	25,215	27,785	31,758	29,902	27,703	23,647	21,882	19,968	16,984	18,682	17,252	17,538
Trade Debtors	13,643	26,879	36,857	57,328	53,819	51,326	49,286	307,131	304,683	59,912	57,536	53,956	60,864	22,385
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	223,290	212,776	210,219	211,260	243,684	256,111	235,957	0	0	0	0	0	0	26,181
Cash	651,646	474,261	387,482	194,414	208,108	164,578	232,842	127,328	158,835	293,183	263,593	309,175	228,637	205,737
misc current assets	0	0	5,930	0	0	0	0	0	0	0	0	0	0	0
total current assets	907,280	737,017	665,703	490,787	537,369	501,917	545,788	458,106	485,400	373,063	338,113	381,813	306,753	271,841
total assets	1,008,981	881,115	844,849	586,070	595,674	566,526	616,157	530,443	528,796	418,882	399,829	470,121	421,918	320,357
Bank overdraft	149,197	39,617	97,552	45,833	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
Trade Creditors	72,565	75,026	62,140	99,407	82,211	68,325	79,908	135,276	197,472	115,463	116,844	170,400	116,403	100,591
Group/Directors Accounts	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
hp & lease commitments	0	6,866	13,001	14,281	13,063	18,472	13,063	0	0	0	0	0	0	0
other current liabilities	113,336	138,471	93,645	57,046	133,829	110,085	131,176	0	0	0	0	0	0	0
total current liabilities	335,098	259,980	266,338	216,567	229,103	196,882	224,147	135,276	197,472	115,463	116,844	170,400	116,403	100,591
loans	38,438	69,188	99,938	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	5,567	18,567	2,580	10,234	35,238	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
other liabilities	0	0	0	0	0	11,375	25,025	68,492	43,225	52,325	61,426	72,143	87,872	8,290
provisions	12,079	19,456	24,924	16,822	9,551	10,630	11,591	10,877	3,230	1,118	3,705	5,983	10,971	0
total long term liabilities	50,517	88,644	130,429	35,389	12,131	32,239	71,854	79,369	46,455	53,443	65,131	78,126	98,843	8,290
total liabilities	385,615	348,624	396,767	251,956	241,234	229,121	296,001	214,645	243,927	168,906	181,975	248,526	215,246	108,881
net assets	623,366	532,491	448,082	334,114	354,440	337,405	320,156	315,798	284,869	249,976	217,854	221,595	206,672	211,476
total shareholders funds	623,366	532,491	448,082	334,114	354,440	337,405	320,156	315,798	284,869	249,976	217,854	221,595	206,672	211,476

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	104,495	112,009	147,832	-20,289	19,633	416,014	4,997	37,946	43,038	40,325	-5,173	18,822	-5,890	293,063
Depreciation	46,273	54,552	53,975	21,040	16,283	26,217	19,966	19,483	23,318	22,611	26,593	33,943	26,697	18,903
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-21,316	-19,800	-26,733	0	-3,996	-79,121	-1,089	-7,732	-9,275	-9,595	0	-5,243	0	-82,202
Stock	-4,400	-2,114	-2,570	-3,973	1,856	29,902	4,056	1,765	1,914	2,984	-1,698	1,430	-286	17,538
Debtors	-2,722	-7,421	-21,512	-28,915	-9,934	307,437	-21,888	2,448	244,771	2,376	3,580	-6,908	12,298	48,566
Creditors	-2,461	12,886	-37,267	17,196	13,886	68,325	-55,368	-62,196	82,009	-1,381	-53,556	53,997	15,812	100,591
Accruals and Deferred Income	-25,135	44,826	36,599	-76,783	23,744	110,085	131,176	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-7,377	-5,468	8,102	7,271	-1,079	10,630	714	7,647	2,112	-2,587	-2,278	-4,988	10,971	0
Cash flow from operations	101,601	208,540	206,590	-18,677	76,549	214,811	118,228	-9,065	-105,483	44,013	-36,296	102,009	35,578	264,251
Investing Activities
capital expenditure	-3,876	-19,504	-137,838	-58,018	-9,979	-90,826	-17,998	-48,424	-20,895	-6,714	-1	-7,086	-93,346	-67,419
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,876	-19,504	-137,838	-58,018	-9,979	-90,826	-17,998	-48,424	-20,895	-6,714	-1	-7,086	-93,346	-67,419
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-30,750	-30,750	99,938	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-6,866	-11,702	-14,280	17,205	-13,063	28,706	48,301	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-11,375	11,375	-43,467	25,267	-9,100	-9,101	-10,717	-15,729	79,582	8,290
share issue	0	0	0	0	0	100	0	0	0	0	0	0	0	100
interest	7,696	-7,801	-7,130	-38	1,398	411	450	715	1,130	1,392	1,432	1,345	1,086	514
cash flow from financing	-29,920	-50,253	78,528	17,167	-23,040	40,592	5,284	25,982	-7,970	-7,709	-9,285	-14,384	80,668	8,904
cash and cash equivalents
cash	177,385	86,779	193,068	-13,694	43,530	164,578	105,514	-31,507	-134,348	29,590	-45,582	80,538	22,900	205,737
overdraft	109,580	-57,935	51,719	45,833	0	0	0	0	0	0	0	0	0	0
change in cash	67,805	144,714	141,349	-59,527	43,530	164,578	105,514	-31,507	-134,348	29,590	-45,582	80,538	22,900	205,737

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 goole specsavers 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.

GOOLE SPECSAVERS LIMITED group structure

Goole Specsavers Limited has no subsidiary companies.

Ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

01721624

SPECSAVERS UK HOLDINGS LIMITED

10837649

2 parents

GOOLE SPECSAVERS LIMITED

04173057

GOOLE SPECSAVERS LIMITED Shareholders

specsavers uk holdings limited	50.21%
kamran raza	24.9%
bilal ayaz	24.9%

Goole Specsavers Limited currently has 3 directors. The longest serving directors include Mr Kamran Raza (Nov 2023) and Mr Bilal Ayaz (Nov 2023).

officer	country	age	start	end	role
Mr Kamran Raza	England	42 years	Nov 2023	-	Director
Mr Bilal Ayaz	England	31 years	Nov 2023	-	Director
Mrs Mary Perkins	Guernsey	80 years	Nov 2023	-	Director

P&L

February 2023

turnover

1.2m

-10%

operating profit

104.5k

gross margin

71.7%

+1.93%

turnover

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

Balance Sheet

February 2023

net assets

623.4k

+0.17%

total assets

+0.15%

cash

651.6k

+0.37%

net assets

Total assets minus all liabilities

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company number

04173057

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

March 2001

ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

previous names

health & fashion in eyes limited (November 2023)

limco seventy nine limited (June 2001)

address

forum 6, parkway, solent business park, whiteley, fareham, hampshire, 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.

We found 1 charges/mortgages relating to goole specsavers limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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.

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goole specsavers limited Company Information

goole specsavers limited Estimated Valuation

goole specsavers limited Estimated Valuation

goole specsavers limited Estimated Valuation

Goole Specsavers Limited Overview

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GOOLE SPECSAVERS LIMITED financials

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goole specsavers limited Companies House Filings - See Documents