Pomanda estimates the enterprise value of REDRUTH SPECSAVERS LIMITED at £683k based on a Turnover of £1.1m and 0.6x industry multiple (adjusted for size and gross margin).
redruth specsavers limitedEstimated Valuation
£785.2k
Pomanda estimates the enterprise value of REDRUTH SPECSAVERS LIMITED at £785.2k based on an EBITDA of £222.3k and a 3.53x industry multiple (adjusted for size and gross margin).
redruth specsavers limitedEstimated Valuation
£77.2k
Pomanda estimates the enterprise value of REDRUTH SPECSAVERS LIMITED at £77.2k based on Net Assets of £27.2k and 2.84x industry multiple (adjusted for liquidity).
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Redruth Specsavers LimitedOverview
Redruth Specsavers Limited is a live company located in fareham, PO15 7PA with a Companies House number of 04604841. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in November 2002, it's largest shareholder is
specsavers uk holdings limited
with a 50% stake. Redruth Specsavers Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£1.1m with
high
growth in recent years.
Pomanda's financial health check has awarded Redruth Specsavers Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
3 Regular
6 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£4.1m)
£1.1m - Redruth Specsavers Limited
£4.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (12.5%)
28% - Redruth Specsavers Limited
12.5% - Industry AVG
Production
with a gross margin of 54.4%, this company has a higher cost of product (68.1%)
54.4% - Redruth Specsavers Limited
68.1% - Industry AVG
Profitability
an operating margin of 9.9% make it more profitable than the average company (5.5%)
9.9% - Redruth Specsavers Limited
5.5% - Industry AVG
Employees
with 26 employees, this is below the industry average (33)
26 - Redruth Specsavers Limited
33 - Industry AVG
Pay Structure
on an average salary of £30.9k, the company has an equivalent pay structure (£30.9k)
£30.9k - Redruth Specsavers Limited
£30.9k - Industry AVG
Efficiency
resulting in sales per employee of £43.5k, this is less efficient (£102k)
£43.5k - Redruth Specsavers Limited
£102k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is near the average (13 days)
15 days - Redruth Specsavers Limited
13 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (43 days)
3 days - Redruth Specsavers Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 12 days, this is less than average (60 days)
12 days - Redruth Specsavers Limited
60 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 13 weeks, this is average cash available to meet short term requirements (12 weeks)
13 weeks - Redruth Specsavers Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.4%, this is a higher level of debt than the average (58.8%)
94.4% - Redruth Specsavers Limited
58.8% - Industry AVG
REDRUTH SPECSAVERS LIMITED financials
EXPORT
Redruth Specsavers Limited's latest turnover from February 2024 is estimated at £1.1 million and the company has net assets of £27.2 thousand. According to their latest financial statements, Redruth Specsavers Limited has 26 employees and maintains cash reserves of £65.8 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
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Turnover
1,130,640
793,763
488,084
541,598
1,033,028
960,624
903,567
884,151
998,358
724,699
754,940
919,333
737,887
752,820
924,146
Other Income Or Grants
Cost Of Sales
515,474
272,523
198,998
424,951
771,142
711,245
540,160
428,461
318,546
308,279
388,815
506,045
418,230
421,464
535,873
Gross Profit
615,166
521,240
289,086
116,648
261,886
249,379
363,407
455,691
679,811
416,420
366,125
413,288
319,657
331,356
388,273
Admin Expenses
503,544
631,484
311,084
-19,846
286,520
263,499
351,307
472,916
653,421
404,778
345,969
438,580
323,036
322,700
361,859
Operating Profit
111,622
-110,244
-21,998
136,494
-24,634
-14,120
12,100
-17,225
26,390
11,642
20,156
-25,292
-3,379
8,656
26,414
Interest Payable
26,237
14,652
1,556
1,238
275
6
7
Interest Receivable
2,916
3,047
510
55
77
51
42
32
38
Pre-Tax Profit
88,300
-121,849
-23,044
135,311
-24,832
-14,069
12,142
-17,199
26,421
11,642
20,156
-25,292
-3,379
8,656
26,414
Tax
-22,075
-25,709
-2,307
-5,284
-2,445
-4,636
-2,424
-7,396
Profit After Tax
66,225
-121,849
-23,044
109,602
-24,832
-14,069
9,835
-17,199
21,137
9,197
15,520
-25,292
-3,379
6,232
19,018
Dividends Paid
Retained Profit
66,225
-121,849
-23,044
109,602
-24,832
-14,069
9,835
-17,199
21,137
9,197
15,520
-25,292
-3,379
6,232
19,018
Employee Costs
804,405
854,714
566,381
423,464
458,861
542,785
542,177
482,718
443,806
195,645
174,614
206,618
135,823
157,329
219,082
Number Of Employees
26
27
19
17
20
23
22
21
20
8
8
10
7
8
11
EBITDA*
222,343
19,343
8,430
159,399
-10,062
7,115
33,504
7,835
51,662
37,554
38,724
-10,173
8,019
19,558
46,317
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Tangible Assets
319,320
423,934
89,018
102,894
91,942
55,305
71,202
61,512
72,244
83,103
66,396
40,450
37,625
24,300
30,336
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
5,491
4,492
7,329
7,547
7,157
7,414
6,794
Total Fixed Assets
319,320
423,934
94,509
107,386
91,942
55,305
78,531
69,059
79,401
90,517
73,190
40,450
37,625
24,300
30,336
Stock & work in progress
17,290
17,824
18,419
19,423
21,811
20,169
25,351
24,377
20,524
23,745
14,837
17,106
15,060
16,000
20,456
Trade Debtors
46,490
42,843
22,477
32,435
46,412
34,948
42,512
39,850
42,889
39,192
40,928
45,794
37,613
40,159
38,213
Group Debtors
575
10,034
809
171
404
615
12,595
742
683
Misc Debtors
38,435
46,886
22,662
12,862
8,604
11,874
3,676
3,422
2,976
Cash
65,787
45,289
107,049
96,800
13,059
7,429
6,094
10,661
15,268
misc current assets
total current assets
168,577
162,876
171,416
161,691
90,290
75,035
90,228
79,052
82,340
62,937
55,765
62,900
52,673
56,159
58,669
total assets
487,897
586,810
265,925
269,077
182,232
130,340
168,759
148,111
161,741
153,454
128,955
103,350
90,298
80,459
89,005
Bank overdraft
Bank loan
Trade Creditors
4,972
4,940
4,007
6,063
46,886
10,708
5,673
2,927
4,696
119,944
104,607
101,161
66,098
53,699
67,617
Group/Directors Accounts
168,946
236,356
107,477
69,169
92,299
63,001
94,162
82,805
64,842
other short term finances
8,151
hp & lease commitments
206
11,888
other current liabilities
80,272
74,429
56,173
55,515
38,608
35,511
33,735
36,506
37,556
total current liabilities
254,190
315,725
167,657
130,747
185,944
109,220
133,570
122,444
118,982
119,944
104,607
101,161
66,098
53,699
67,617
loans
188,823
277,621
15,422
32,440
206
hp & lease commitments
Accruals and Deferred Income
14,133
14,967
313
other liabilities
12,094
12,129
5,490
2,209
1,390
2,250
provisions
3,529
17,500
total long term liabilities
206,485
310,088
15,422
32,440
313
206
12,094
12,129
5,490
2,209
1,390
2,250
total liabilities
460,675
625,813
183,079
163,187
185,944
109,220
133,570
122,757
119,188
132,038
116,736
106,651
68,307
55,089
69,867
net assets
27,222
-39,003
82,846
105,890
-3,712
21,120
35,189
25,354
42,553
21,416
12,219
-3,301
21,991
25,370
19,138
total shareholders funds
27,222
-39,003
82,846
105,890
-3,712
21,120
35,189
25,354
42,553
21,416
12,219
-3,301
21,991
25,370
19,138
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Operating Activities
Operating Profit
111,622
-110,244
-21,998
136,494
-24,634
-14,120
12,100
-17,225
26,390
11,642
20,156
-25,292
-3,379
8,656
26,414
Depreciation
110,721
129,587
30,428
22,905
14,572
21,235
21,404
25,060
25,272
25,912
18,568
15,119
11,398
10,902
19,903
Amortisation
Tax
-22,075
-25,709
-2,307
-5,284
-2,445
-4,636
-2,424
-7,396
Stock
-534
-595
-1,004
-2,388
1,642
-5,182
974
3,853
-3,221
8,908
-2,269
2,046
-940
-4,456
20,456
Debtors
-14,263
48,324
1,479
-5,460
7,983
-18,675
14,551
-2,144
7,099
-1,116
1,928
8,181
-2,546
1,946
38,213
Creditors
32
933
-2,056
-40,823
36,178
5,035
2,746
-1,769
-115,248
15,337
3,446
35,063
12,399
-13,918
67,617
Accruals and Deferred Income
5,009
33,223
658
16,907
3,097
1,776
-3,084
-737
37,556
Deferred Taxes & Provisions
-13,971
17,500
Cash flow from operations
206,135
23,270
6,557
117,622
19,588
37,783
15,334
3,620
-35,192
42,654
37,875
14,663
23,904
5,726
47,869
Investing Activities
capital expenditure
-6,107
-464,503
-16,552
-33,857
-51,209
-5,338
-31,094
-14,328
-14,413
-42,619
-44,514
-17,944
-24,723
-4,866
-50,239
Change in Investments
cash flow from investments
-6,107
-464,503
-16,552
-33,857
-51,209
-5,338
-31,094
-14,328
-14,413
-42,619
-44,514
-17,944
-24,723
-4,866
-50,239
Financing Activities
Bank loans
Group/Directors Accounts
-67,410
128,879
38,308
-23,130
29,298
-31,161
11,357
17,963
64,842
Other Short Term Loans
-8,151
8,151
Long term loans
-88,798
262,199
-17,018
32,440
-206
206
Hire Purchase and Lease Commitments
-206
-11,682
11,888
other long term liabilities
-12,094
-35
6,639
3,281
819
-860
2,250
share issue
120
interest
-23,321
-11,605
-1,046
-1,183
-198
51
42
26
31
cash flow from financing
-179,529
379,473
20,244
-24
37,251
-31,110
11,193
6,101
64,873
-35
6,639
3,281
819
-860
2,370
cash and cash equivalents
cash
20,498
-61,760
10,249
83,741
5,630
1,335
-4,567
-4,607
15,268
overdraft
change in cash
20,498
-61,760
10,249
83,741
5,630
1,335
-4,567
-4,607
15,268
redruth 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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redruth specsavers limited Ownership
REDRUTH SPECSAVERS LIMITED group structure
Redruth Specsavers Limited has no subsidiary companies.
forum 6, parkway, solent business park whiteley, fareham, PO15 7PA
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Legal Advisor
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redruth 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 redruth specsavers limited.
redruth 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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redruth specsavers limitedCompanies House Filings - See Documents
