leek specsavers limited

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leek specsavers limited Company Information

Share LEEK SPECSAVERS LIMITED

Company Number

04494935

Shareholders

specsavers uk holdings limited

claire elson

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Group Structure

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Industry

Retail sale by opticians

 

Registered Address

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

leek specsavers limited Estimated Valuation

£567.3k

Pomanda estimates the enterprise value of LEEK SPECSAVERS LIMITED at £567.3k based on a Turnover of £943.5k and 0.6x industry multiple (adjusted for size and gross margin).

leek specsavers limited Estimated Valuation

£91.7k

Pomanda estimates the enterprise value of LEEK SPECSAVERS LIMITED at £91.7k based on an EBITDA of £26.1k and a 3.52x industry multiple (adjusted for size and gross margin).

leek specsavers limited Estimated Valuation

£218.7k

Pomanda estimates the enterprise value of LEEK SPECSAVERS LIMITED at £218.7k based on Net Assets of £77.1k and 2.84x industry multiple (adjusted for liquidity).

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Leek Specsavers Limited Overview

Leek Specsavers Limited is a live company located in fareham, PO15 7PA with a Companies House number of 04494935. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in July 2002, it's largest shareholder is specsavers uk holdings limited with a 50% stake. Leek Specsavers Limited is a mature, small sized company, Pomanda has estimated its turnover at £943.5k with high growth in recent years.

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Leek Specsavers Limited Health Check

Pomanda's financial health check has awarded Leek Specsavers Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £943.5k, make it smaller than the average company (£4.1m)

£943.5k - Leek Specsavers Limited

£4.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (12.5%)

25% - Leek Specsavers Limited

12.5% - Industry AVG

production

Production

with a gross margin of 54.4%, this company has a higher cost of product (68.1%)

54.4% - Leek Specsavers Limited

68.1% - Industry AVG

profitability

Profitability

an operating margin of 0.2% make it less profitable than the average company (5.5%)

0.2% - Leek Specsavers Limited

5.5% - Industry AVG

employees

Employees

with 24 employees, this is below the industry average (33)

24 - Leek Specsavers Limited

33 - Industry AVG

paystructure

Pay Structure

on an average salary of £30.9k, the company has an equivalent pay structure (£30.9k)

£30.9k - Leek Specsavers Limited

£30.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £39.3k, this is less efficient (£102k)

£39.3k - Leek Specsavers Limited

£102k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 6 days, this is earlier than average (13 days)

6 days - Leek Specsavers Limited

13 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 5 days, this is quicker than average (43 days)

5 days - Leek Specsavers Limited

43 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 15 days, this is less than average (60 days)

15 days - Leek Specsavers Limited

60 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 45 weeks, this is more cash available to meet short term requirements (12 weeks)

45 weeks - Leek Specsavers Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 69.7%, this is a higher level of debt than the average (58.8%)

69.7% - Leek Specsavers Limited

58.8% - Industry AVG

LEEK SPECSAVERS LIMITED financials

EXPORTms excel logo

Leek Specsavers Limited's latest turnover from February 2024 is estimated at £943.5 thousand and the company has net assets of £77.1 thousand. According to their latest financial statements, Leek Specsavers Limited has 24 employees and maintains cash reserves of £135.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Turnover943,493595,351538,903482,414974,166840,958737,051790,163637,6291,122,2381,625,048973,312898,6941,204,508
Other Income Or Grants
Cost Of Sales430,152204,402219,717378,513727,202622,644440,615263,039234,867553,545572,930437,333502,098550,120
Gross Profit513,342390,949319,186103,901246,964218,314296,436527,124402,762568,6931,052,118535,979396,595654,388
Admin Expenses511,247386,876319,043105,881238,701228,676201,861523,434398,565562,6271,047,169531,624403,725644,352-67,428
Operating Profit2,0954,073143-1,9808,263-10,36294,5753,6904,1976,0664,9494,355-7,13010,03667,428
Interest Payable4,6523,9002,3091,0585
Interest Receivable6,4394,98362592552772333107
Pre-Tax Profit3,8835,156-1,541-2,9458,810-9,59094,9093,7964,1986,0664,9494,355-7,13010,03667,428
Tax-971-980-1,674-18,033-759-839-1,274-1,138-1,045-2,810-18,880
Profit After Tax2,9124,176-1,541-2,9457,136-9,59076,8763,0373,3584,7923,8113,310-7,1307,22648,548
Dividends Paid
Retained Profit2,9124,176-1,541-2,9457,136-9,59076,8763,0373,3584,7923,8113,310-7,1307,22648,548
Employee Costs742,528759,746655,810448,374458,861471,987542,177427,785181,059263,633391,076243,971235,134318,665
Number Of Employees242422182020221971218121216
EBITDA*26,08954,13620,80519,20834,79621,314122,08325,45529,03820,43216,09013,483-2919,09477,944

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Tangible Assets60,37266,43775,40280,56853,70780,24059,68156,53378,30186,85235,58624,01731,46133,84432,998
Intangible Assets
Investments & Other
Debtors (Due After 1 year)3,0144,9717,1048,1457,7347,0793,9553,1962,3701,5972,245
Total Fixed Assets63,38671,40882,50688,71361,44187,31963,63659,72980,67188,44937,83124,01731,46133,84432,998
Stock & work in progress17,98318,76920,77618,99422,65924,28521,18619,43318,66616,07916,94413,29617,12813,98813,944
Trade Debtors17,1869,03012,83417,09940,53731,07319,96627,71138,94168,52497,90651,83943,85864,68275,856
Group Debtors7,125293162851,50250,083
Misc Debtors20,13432,81324,2549,62515,8438,34917,0316,965
Cash135,740109,559139,605110,44474,47472,624133,30085,23040404040404040
misc current assets
total current assets191,043177,296197,469156,162153,542136,647191,768140,841107,73084,643114,89065,17561,02678,71089,840
total assets254,429248,704279,975244,875214,983223,966255,404200,570188,401173,092152,72189,19292,487112,554122,838
Bank overdraft
Bank loan
Trade Creditors 6,0076,7105,1245,1496,4725,48711,4012,717117,79999,19388,99736,03040,49951,72662,656
Group/Directors Accounts60,49274,569102,66960,90563,87188,560110,53461,328469
other short term finances19,55215,486
hp & lease commitments6,567
other current liabilities69,57751,70265,61072,68569,95162,51356,47362,886
total current liabilities155,628148,467173,403138,739140,294156,560178,408133,498117,79999,19388,99736,03040,49951,72663,125
loans21,65726,00536,51634,539147
hp & lease commitments
Accruals and Deferred Income
other liabilities6,56713,2227,8391,0883,2244,93411,045
provisions
total long term liabilities21,65726,00536,51634,5391476,56713,2227,8391,0883,2244,93411,045
total liabilities177,285174,472209,919173,278140,441156,560178,408133,498124,366112,41596,83637,11843,72356,66074,170
net assets77,14474,23270,05671,59774,54267,40676,99667,07264,03560,67755,88552,07448,76455,89448,668
total shareholders funds77,14474,23270,05671,59774,54267,40676,99667,07264,03560,67755,88552,07448,76455,89448,668
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Operating Activities
Operating Profit2,0954,073143-1,9808,263-10,36294,5753,6904,1976,0664,9494,355-7,13010,03667,428
Depreciation23,99450,06320,66221,18826,53331,67627,50821,76524,84114,36611,1419,1287,1019,05810,516
Amortisation
Tax-971-980-1,674-18,033-759-839-1,274-1,138-1,045-2,810-18,880
Stock-786-2,0071,782-3,665-1,6263,09921,1867672,587-8653,648-3,8323,1404413,944
Debtors-13,6059,7479,323-29,27417,3265,58041,237-52,02021,273-30,03048,3127,981-20,824-11,17475,856
Creditors-7031,586-25-1,323985-5,91411,401-115,08218,60610,19652,967-4,469-11,227-10,93062,656
Accruals and Deferred Income17,875-13,908-7,0752,7347,4386,04056,47362,886
Deferred Taxes & Provisions
Cash flow from operations56,68133,0942,60053,55825,84512,761109,50123,75322,94560,24915,9593,8206,42816,48431,920
Investing Activities
capital expenditure-17,929-41,098-15,496-48,049-52,235-87,1893-16,290-65,632-22,710-1,684-4,718-9,904-43,514
Change in Investments
cash flow from investments-17,929-41,098-15,496-48,049-52,235-87,1893-16,290-65,632-22,710-1,684-4,718-9,904-43,514
Financing Activities
Bank loans
Group/Directors Accounts-14,077-28,10041,764-2,966-24,689-21,974110,53461,328-469469
Other Short Term Loans 4,06615,486
Long term loans-4,348-10,5111,97734,392147
Hire Purchase and Lease Commitments6,567
other long term liabilities-6,567-6,6555,3836,751-2,136-1,710-6,11111,045
share issue120120
interest1,7871,083-1,684-966547772333107
cash flow from financing-12,572-22,04242,05730,460-23,995-21,202110,98761,435-6,6555,3836,751-2,136-1,710-6,58011,634
cash and cash equivalents
cash26,181-30,04629,16135,9701,850-60,676133,30085,19040
overdraft
change in cash26,181-30,04629,16135,9701,850-60,676133,30085,19040

leek specsavers limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Leek Specsavers Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for leek 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.

leek specsavers limited Ownership

LEEK SPECSAVERS LIMITED group structure

Leek Specsavers Limited has no subsidiary companies.

Ultimate parent company

2 parents

LEEK SPECSAVERS LIMITED

04494935

LEEK SPECSAVERS LIMITED Shareholders

specsavers uk holdings limited 50%
claire elson 25%
matthew david bruce 25%

leek specsavers limited directors

Leek Specsavers Limited currently has 2 directors. The longest serving directors include Mr Matthew Bruce (Oct 2002) and Miss Claire Elson (Jan 2014).

officercountryagestartendrole
Mr Matthew BruceUnited Kingdom52 years Oct 2002- Director
Miss Claire ElsonEngland53 years Jan 2014- Director

P&L

February 2024

turnover

943.5k

+58%

operating profit

2.1k

0%

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

77.1k

+0.04%

total assets

254.4k

+0.02%

cash

135.7k

+0.24%

net assets

Total assets minus all liabilities

leek specsavers limited company details

company number

04494935

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

July 2002

age

23

incorporated

UK

accounts

Audit Exemption Subsidiary

last accounts submitted

February 2024

previous names

N/A

accountant

-

auditor

-

address

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

Bank

-

Legal Advisor

-

leek specsavers 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 leek specsavers limited.

leek specsavers 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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leek specsavers limited Companies House Filings - See Documents

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