the eyeworks (three) limited
the eyeworks (three) limited Company Information
Company Number
04435187
Next Accounts
Dec 2025
Shareholders
david peter mcgowan
heather jane mcgowan
Group Structure
View All
Industry
Retail sale by opticians
Registered Address
enterprise house the courtyard, old courthouse road, bromborough, wirral, CH62 4UE
Website
the-eyeworks.co.ukthe eyeworks (three) limited Estimated Valuation
Pomanda estimates the enterprise value of THE EYEWORKS (THREE) LIMITED at £259.1k based on a Turnover of £395.4k and 0.66x industry multiple (adjusted for size and gross margin).
the eyeworks (three) limited Estimated Valuation
Pomanda estimates the enterprise value of THE EYEWORKS (THREE) LIMITED at £42.4k based on an EBITDA of £11k and a 3.84x industry multiple (adjusted for size and gross margin).
the eyeworks (three) limited Estimated Valuation
Pomanda estimates the enterprise value of THE EYEWORKS (THREE) LIMITED at £6.3k based on Net Assets of £2.2k and 2.85x industry multiple (adjusted for liquidity).
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The Eyeworks (three) Limited Overview
The Eyeworks (three) Limited is a live company located in bromborough, CH62 4UE with a Companies House number of 04435187. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in May 2002, it's largest shareholder is david peter mcgowan with a 80% stake. The Eyeworks (three) Limited is a mature, micro sized company, Pomanda has estimated its turnover at £395.4k with high growth in recent years.
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The Eyeworks (three) Limited Health Check
Pomanda's financial health check has awarded The Eyeworks (Three) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
7 Weak
Size
annual sales of £395.4k, make it smaller than the average company (£1.2m)
- The Eyeworks (three) Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (13.1%)
- The Eyeworks (three) Limited
13.1% - Industry AVG
Production
with a gross margin of 68%, this company has a comparable cost of product (68%)
- The Eyeworks (three) Limited
68% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (5.6%)
- The Eyeworks (three) Limited
5.6% - Industry AVG
Employees
with 6 employees, this is below the industry average (10)
6 - The Eyeworks (three) Limited
10 - Industry AVG
Pay Structure
on an average salary of £30.4k, the company has an equivalent pay structure (£30.4k)
- The Eyeworks (three) Limited
£30.4k - Industry AVG
Efficiency
resulting in sales per employee of £65.9k, this is less efficient (£101.5k)
- The Eyeworks (three) Limited
£101.5k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (18 days)
- The Eyeworks (three) Limited
18 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is close to average (56 days)
- The Eyeworks (three) Limited
56 days - Industry AVG
Stock Days
it holds stock equivalent to 117 days, this is more than average (61 days)
- The Eyeworks (three) Limited
61 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (12 weeks)
9 weeks - The Eyeworks (three) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98%, this is a higher level of debt than the average (57.6%)
98% - The Eyeworks (three) Limited
57.6% - Industry AVG
THE EYEWORKS (THREE) LIMITED financials
The Eyeworks (Three) Limited's latest turnover from March 2024 is estimated at £395.4 thousand and the company has net assets of £2.2 thousand. According to their latest financial statements, The Eyeworks (Three) Limited has 6 employees and maintains cash reserves of £7.5 thousand 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 | |||||||||||||||
| 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 | 6 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | ||||||
| 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 | 48,661 | 54,225 | 58,235 | 1,416 | 2,382 | 2,914 | 3,496 | 3,002 | 4,036 | 6,215 | 9,610 | 9,298 | 12,638 | 17,782 | 17,660 |
| Intangible Assets | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 16,152 |
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 48,662 | 54,226 | 58,236 | 1,417 | 2,383 | 2,915 | 3,497 | 3,003 | 4,037 | 6,216 | 9,611 | 9,299 | 12,639 | 17,783 | 33,812 |
| Stock & work in progress | 40,549 | 27,285 | 24,073 | 10,825 | 12,452 | 17,030 | 17,990 | 12,231 | 12,145 | 9,031 | 11,493 | 11,011 | 13,715 | 13,556 | 14,492 |
| Trade Debtors | 10,057 | 16,357 | 11,728 | 11,634 | 9,123 | 13,802 | 14,548 | 13,863 | 13,549 | 18,044 | 17,321 | 11,196 | 11,494 | 9,156 | 11,203 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 3,877 | 12,366 | 21,039 | 12,021 | 10,841 | 13,264 | 14,288 | 11,061 | 10,391 | 6,477 | 3,345 | ||||
| Cash | 7,524 | 9,550 | 5,663 | 75,208 | 6,376 | 12,494 | 8,074 | 14,114 | 8,482 | 3,330 | 1,839 | 9,028 | 9,450 | 6,606 | |
| misc current assets | |||||||||||||||
| total current assets | 62,007 | 65,558 | 62,503 | 109,688 | 38,792 | 56,590 | 54,900 | 51,269 | 44,567 | 36,882 | 33,998 | 31,235 | 34,659 | 29,318 | 25,695 |
| total assets | 110,669 | 119,784 | 120,739 | 111,105 | 41,175 | 59,505 | 58,397 | 54,272 | 48,604 | 43,098 | 43,609 | 40,534 | 47,298 | 47,101 | 59,507 |
| Bank overdraft | 10,000 | 10,000 | |||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 19,351 | 11,065 | 17,340 | 14,920 | 13,100 | 11,489 | 7,466 | 4,066 | 10,188 | 8,235 | 20,520 | 22,225 | 86,861 | 67,700 | 75,893 |
| Group/Directors Accounts | 23,334 | 25,735 | |||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 13,251 | 11,039 | 2,932 | 15,443 | 8,016 | 12,661 | 12,736 | 16,610 | 14,416 | 12,153 | |||||
| total current liabilities | 42,602 | 32,104 | 20,272 | 30,363 | 21,116 | 24,150 | 20,202 | 20,676 | 24,604 | 20,388 | 20,520 | 22,225 | 86,861 | 91,034 | 101,628 |
| loans | 20,833 | 30,000 | 50,000 | 50,000 | |||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 45,043 | 56,946 | 50,154 | 51,662 | 55,251 | 57,098 | 55,555 | 49,939 | 52,629 | 53,473 | 53,473 | 55,753 | 1,745 | 4,074 | |
| provisions | 554 | 664 | 570 | 807 | 1,243 | 1,838 | 1,757 | 2,403 | 2,319 | 2,454 | |||||
| total long term liabilities | 65,876 | 86,946 | 100,154 | 101,662 | 55,251 | 57,652 | 56,219 | 50,509 | 53,436 | 54,716 | 55,311 | 57,510 | 2,403 | 4,064 | 6,528 |
| total liabilities | 108,478 | 119,050 | 120,426 | 132,025 | 76,367 | 81,802 | 76,421 | 71,185 | 78,040 | 75,104 | 75,831 | 79,735 | 89,264 | 95,098 | 108,156 |
| net assets | 2,191 | 734 | 313 | -20,920 | -35,192 | -22,297 | -18,024 | -16,913 | -29,436 | -32,006 | -32,222 | -39,201 | -41,966 | -47,997 | -48,649 |
| total shareholders funds | 2,191 | 734 | 313 | -20,920 | -35,192 | -22,297 | -18,024 | -16,913 | -29,436 | -32,006 | -32,222 | -39,201 | -41,966 | -47,997 | -48,649 |
| 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 | 5,564 | 6,261 | 746 | 1,423 | 1,202 | 1,138 | 1,371 | 1,034 | 41,926 | 3,620 | 2,625 | 3,772 | 5,384 | 6,523 | 6,165 |
| Amortisation | 16,152 | 16,154 | |||||||||||||
| Tax | |||||||||||||||
| Stock | 13,264 | 3,212 | 13,248 | -1,627 | -4,578 | -960 | 5,759 | 86 | 3,114 | -2,462 | 482 | -2,704 | 159 | -936 | 14,492 |
| Debtors | -14,789 | -4,044 | 9,112 | 3,691 | -7,102 | -1,770 | 3,912 | 984 | -581 | 3,855 | 9,470 | -298 | 2,338 | -2,047 | 11,203 |
| Creditors | 8,286 | -6,275 | 2,420 | 1,820 | 1,611 | 4,023 | 3,400 | -6,122 | 1,953 | -12,285 | -1,705 | -64,636 | 19,161 | -8,193 | 75,893 |
| Accruals and Deferred Income | 2,212 | 8,107 | -12,511 | 7,427 | -4,645 | -75 | -3,874 | 2,194 | 2,263 | 12,153 | |||||
| Deferred Taxes & Provisions | -554 | -110 | 94 | -237 | -436 | -595 | 81 | -646 | 84 | -135 | 2,454 | ||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -23,334 | -2,401 | 25,735 | ||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -9,167 | -20,000 | 50,000 | ||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -11,903 | 6,792 | -1,508 | -3,589 | -1,847 | 1,543 | 5,616 | -2,690 | -844 | -2,280 | 55,753 | -1,745 | -2,329 | 4,074 | |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -2,026 | 3,887 | -69,545 | 68,832 | -6,118 | 4,420 | -6,040 | 5,632 | 5,152 | 1,491 | -7,189 | -422 | 2,844 | 6,606 | |
| overdraft | 10,000 | ||||||||||||||
| change in cash | -2,026 | -6,113 | -69,545 | 68,832 | -6,118 | 4,420 | -6,040 | 5,632 | 5,152 | 1,491 | -7,189 | -422 | 2,844 | 6,606 |
the eyeworks (three) limited Credit Report and Business Information
The Eyeworks (three) Limited Competitor Analysis
Perform a competitor analysis for the eyeworks (three) 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 CH62 area or any other competitors across 12 key performance metrics.
the eyeworks (three) limited Ownership
THE EYEWORKS (THREE) LIMITED group structure
The Eyeworks (Three) Limited has no subsidiary companies.
Ultimate parent company
THE EYEWORKS (THREE) LIMITED
04435187
the eyeworks (three) limited directors
The Eyeworks (Three) Limited currently has 2 directors. The longest serving directors include Mr Dylan Barton (May 2002) and Mr David McGowan (May 2002).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dylan Barton | 57 years | May 2002 | - | Director | |
| Mr David McGowan | 53 years | May 2002 | - | Director |
P&L
March 2024turnover
395.4k
0%
operating profit
5.5k
0%
gross margin
68.1%
-0.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
2.2k
+1.99%
total assets
110.7k
-0.08%
cash
7.5k
-0.21%
net assets
Total assets minus all liabilities
Similar Companies
the eyeworks (three) limited company details
company number
04435187
Type
Private limited with Share Capital
industry
47782 - Retail sale by opticians
incorporation date
May 2002
age
23
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
LBW CHARTERED ACCOUNTANTS
auditor
-
address
enterprise house the courtyard, old courthouse road, bromborough, wirral, CH62 4UE
Bank
-
Legal Advisor
-
the eyeworks (three) 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 the eyeworks (three) limited.
the eyeworks (three) 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.
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the eyeworks (three) limited Companies House Filings - See Documents
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