Inverurie Specsavers Limited

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inverurie specsavers limited Company Information

Live

MatureSmallDeclining

Company Number

04827812

Website

www.specsavers.co.uk

Registered Address

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

Industry

Retail sale by opticians

Telephone

Next Accounts Due

November 2024

Group Structure

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Directors

Jill McArthur21 Years

Michael Higgins21 Years

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Shareholders

specsavers uk holdings limited 50%

michael james higgins 20%

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inverurie specsavers limited Estimated Valuation

£984.2k

Pomanda estimates the enterprise value of INVERURIE SPECSAVERS LIMITED at £984.2k based on Net Assets of £312.5k and 3.15x industry multiple (adjusted for liquidity).

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Inverurie Specsavers Limited is a live company located in fareham, PO15 7PA with a Companies House number of 04827812. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in July 2003, it's largest shareholder is specsavers uk holdings limited with a 50% stake. Inverurie Specsavers Limited is a mature, small sized company, Pomanda has estimated its turnover at £757k with declining growth in recent years.

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Pomanda's financial health check has awarded Inverurie 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 £757k, make it in line with the average company (£777.2k)

Growth

3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (6.5%)

EXPORT

Inverurie Specsavers Limited's latest turnover from February 2023 is estimated at £757 thousand and the company has net assets of £312.5 thousand. According to their latest financial statements, Inverurie Specsavers Limited has 30 employees and maintains cash reserves of £333.3 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	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	756,960	796,454	857,015	2,133,991	1,391,901	1,470,315	2,267,731	4,985,751	5,120,415	7,546,183	4,428,772	8,893,499	6,240,601	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	275,446	375,663	672,434	1,592,996	1,030,562	878,967	703,678	1,836,473	2,029,212	2,521,113	1,787,869	4,968,348	2,761,360	0
Gross Profit	481,514	420,790	184,581	540,994	361,339	591,349	1,564,053	3,149,278	3,091,203	5,025,071	2,640,903	3,925,151	3,479,242	0
Admin Expenses	343,080	719,435	-97,202	355,889	475,125	319,785	1,604,640	3,177,898	3,036,244	4,920,084	2,741,912	3,718,977	3,268,275	-51,603
Operating Profit	138,434	-298,645	281,783	185,105	-113,786	271,564	-40,587	-28,620	54,959	104,987	-101,009	206,174	210,967	51,603
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	11,687	1,835	338	1,265	1,417	583	176	0	0	0	0	0	0	0
Pre-Tax Profit	150,121	-296,810	282,121	186,369	-112,369	272,147	-40,411	-28,620	54,959	104,987	-101,009	206,174	210,967	51,603
Tax	-28,523	0	-53,603	-35,410	0	-51,708	0	0	-11,541	-24,147	0	-53,605	-59,071	-14,449
Profit After Tax	121,598	-296,810	228,518	150,959	-112,369	220,439	-40,411	-28,620	43,418	80,840	-101,009	152,569	151,896	37,154
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	121,598	-296,810	228,518	150,959	-112,369	220,439	-40,411	-28,620	43,418	80,840	-101,009	152,569	151,896	37,154
Employee Costs	921,648	861,920	722,380	734,178	731,579	394,310	603,101	1,285,959	1,230,286	1,844,664	1,199,523	2,281,270	1,682,194	0
Number Of Employees	30	30	29	32	31	16	27	51	56	88	59	116	84	0
EBITDA*	165,899	-269,122	320,912	233,157	-62,808	345,345	13,178	133,952	92,012	122,455	-84,359	221,946	230,028	72,421

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	55,593	69,462	86,069	110,157	82,912	120,885	170,738	202,928	252,965	35,356	51,029	41,047	53,508	71,359
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)	16,098	17,928	15,410	10,578	10,406	7,104	4,002	5,010	2,551	0	0	0	0	0
Total Fixed Assets	71,691	87,390	101,479	120,735	93,318	127,989	174,740	207,938	255,516	35,356	51,029	41,047	53,508	71,359
Stock & work in progress	21,703	20,991	22,054	24,648	21,682	35,393	34,657	29,541	29,028	20,786	18,945	19,221	17,621	19,366
Trade Debtors	38,621	61,718	42,820	122,490	58,290	95,797	113,262	303,339	276,637	433,895	235,901	414,229	328,857	313,630
Group Debtors	1,992	2,057	614	6,445	7,772	7,030	7,875	0	0	0	0	0	0	0
Misc Debtors	42,463	34,324	25,180	39,046	39,388	39,167	38,000	0	0	0	0	0	0	0
Cash	333,251	251,096	482,937	192,344	144,862	233,042	140,769	0	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	438,030	370,186	573,605	384,973	271,994	410,429	334,563	332,880	305,665	454,681	254,846	433,450	346,478	332,996
total assets	509,721	457,576	675,084	505,708	365,312	538,418	509,303	540,818	561,181	490,037	305,875	474,497	399,986	404,355
Bank overdraft	0	0	0	0	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	11,296	5,851	4,283	3,432	6,709	5,320	27,705	190,483	162,923	167,304	60,003	125,220	202,251	346,722
Group/Directors Accounts	110,023	177,226	74,470	116,816	151,157	227,134	75,304	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	0	0	0	0	0	8,140	0	0	0	0	0	0	0
other current liabilities	75,947	83,642	108,664	126,311	99,256	85,405	98,798	0	0	0	0	0	0	0
total current liabilities	197,266	266,719	187,417	246,559	257,122	317,859	209,947	190,483	162,923	167,304	60,003	125,220	202,251	346,722
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	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	0	3,399	13,967	33,270	1,163	5,142	7,538	8,565	20,359
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	3,399	13,967	33,270	1,163	5,142	7,538	8,565	20,359
total liabilities	197,266	266,719	187,417	246,559	257,122	317,859	213,346	204,450	196,193	168,467	65,145	132,758	210,816	367,081
net assets	312,455	190,857	487,667	259,149	108,190	220,559	295,957	336,368	364,988	321,570	240,730	341,739	189,170	37,274
total shareholders funds	312,455	190,857	487,667	259,149	108,190	220,559	295,957	336,368	364,988	321,570	240,730	341,739	189,170	37,274

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	138,434	-298,645	281,783	185,105	-113,786	271,564	-40,587	-28,620	54,959	104,987	-101,009	206,174	210,967	51,603
Depreciation	27,465	29,523	39,129	48,052	50,978	73,781	53,765	162,572	37,053	17,468	16,650	15,772	19,061	20,818
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-28,523	0	-53,603	-35,410	0	-51,708	0	0	-11,541	-24,147	0	-53,605	-59,071	-14,449
Stock	712	-1,063	-2,594	2,966	-13,711	35,393	5,116	513	8,242	1,841	-276	1,600	-1,745	19,366
Debtors	-16,853	32,003	-94,535	62,703	-33,242	149,098	-145,210	29,161	-154,707	197,994	-178,328	85,372	15,227	313,630
Creditors	5,445	1,568	851	-3,277	1,389	5,320	-162,778	27,560	-4,381	107,301	-65,217	-77,031	-144,471	346,722
Accruals and Deferred Income	-7,695	-25,022	-17,647	27,055	13,851	85,405	98,798	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	151,267	-323,516	347,642	155,856	-615	199,871	89,292	131,838	222,555	5,774	29,028	4,338	13,004	71,698
Investing Activities
capital expenditure	-13,596	-12,916	-15,041	-75,297	-13,005	-194,666	-21,575	-112,535	-254,662	-1,795	-26,632	-3,311	-1,210	-92,177
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-13,596	-12,916	-15,041	-75,297	-13,005	-194,666	-21,575	-112,535	-254,662	-1,795	-26,632	-3,311	-1,210	-92,177
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-67,203	102,756	-42,346	-34,341	-75,977	227,134	75,304	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	8,140	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-10,568	-19,303	32,107	-3,979	-2,396	-1,027	-11,794	20,359
share issue	0	0	0	0	0	120	0	0	0	0	0	0	0	120
interest	11,687	1,835	338	1,265	1,417	583	176	0	0	0	0	0	0	0
cash flow from financing	-55,516	104,591	-42,008	-33,076	-74,560	227,837	73,052	-19,303	32,107	-3,979	-2,396	-1,027	-11,794	20,479
cash and cash equivalents
cash	82,155	-231,841	290,593	47,482	-88,180	233,042	140,769	0	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	82,155	-231,841	290,593	47,482	-88,180	233,042	140,769	0	0	0	0	0	0	0

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 inverurie 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.

INVERURIE SPECSAVERS LIMITED group structure

Inverurie Specsavers Limited has no subsidiary companies.

Ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

01721624

SPECSAVERS UK HOLDINGS LIMITED

10837649

2 parents

INVERURIE SPECSAVERS LIMITED

04827812

INVERURIE SPECSAVERS LIMITED Shareholders

specsavers uk holdings limited	50%
michael james higgins	20%
jill patricia mcarthur	20%
ashleigh paige wood	10%

Inverurie Specsavers Limited currently has 3 directors. The longest serving directors include Mrs Jill McArthur (Sep 2003) and Mr Michael Higgins (Sep 2003).

officer	country	age	start	end	role
Mrs Jill McArthur	Scotland	59 years	Sep 2003	-	Director
Mr Michael Higgins	Scotland	46 years	Sep 2003	-	Director
Ashleigh Wood	Scotland	34 years	Nov 2018	-	Director

P&L

February 2023

turnover

757k

-5%

operating profit

138.4k

gross margin

63.7%

+20.4%

turnover

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

Balance Sheet

February 2023

net assets

312.5k

+0.64%

total assets

509.7k

+0.11%

cash

333.3k

+0.33%

net assets

Total assets minus all liabilities

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company number

04827812

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

July 2003

accounts

Audit Exemption Subsidiary

ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

previous names

N/A

last accounts submitted

February 2023

address

forum 6, parkway, solent business park whiteley, fareham, 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 did not find charges/mortgages relating to inverurie specsavers limited.

inverurie specsavers limited Company Information

inverurie specsavers limited Estimated Valuation

inverurie specsavers limited Estimated Valuation

inverurie specsavers limited Estimated Valuation

Inverurie Specsavers Limited Overview

Inverurie Specsavers Limited Health Check

INVERURIE SPECSAVERS LIMITED financials

inverurie specsavers limited Credit Report and Business Information

Inverurie Specsavers Limited Competitor Analysis

inverurie specsavers limited Ownership

inverurie specsavers limited directors

inverurie specsavers limited company details

inverurie specsavers limited Charges & Mortgages

inverurie specsavers limited Companies House Filings - See Documents