Skipton Visionplus Limited

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skipton visionplus limited Company Information

Live

MatureSmallDeclining

Company Number

05092368

Website

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

Richard Johnston20 Years

Justine Sturtivant20 Years

View All

Shareholders

skipton specsavers limited 99.6%

specsavers uk holdings ltd & skipton specsavers ltd 0.4%

skipton visionplus limited Estimated Valuation

£339.8k

Pomanda estimates the enterprise value of SKIPTON VISIONPLUS LIMITED at £339.8k based on a Turnover of £663.4k and 0.51x industry multiple (adjusted for size and gross margin).

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Skipton Visionplus Limited is a live company located in fareham, PO15 7PA with a Companies House number of 05092368. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in April 2004, it's largest shareholder is skipton specsavers limited with a 99.6% stake. Skipton Visionplus Limited is a mature, small sized company, Pomanda has estimated its turnover at £663.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Skipton Visionplus Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

4 Regular

4 Weak

Size

annual sales of £663.4k, make it in line with the average company (£777.2k)

Growth

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

EXPORT

Skipton Visionplus Limited's latest turnover from February 2023 is estimated at £663.4 thousand and the company has net assets of £94.2 thousand. According to their latest financial statements, Skipton Visionplus Limited has 27 employees and maintains cash reserves of £136.7 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	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	663,378	587,167	610,947	955,585	940,015	765,942	686,563	902,277	2,082,545	1,368,554	1,364,418	2,808,865	2,706,316	2,590,258	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	241,393	276,949	479,363	713,332	695,986	457,886	222,507	283,733	767,094	542,356	469,029	1,526,413	1,511,751	1,183,017	0
Gross Profit	421,985	310,218	131,584	242,253	244,029	308,055	464,056	618,544	1,315,452	826,199	895,389	1,282,453	1,194,565	1,407,241	0
Admin Expenses	463,036	372,238	21,550	222,004	228,526	306,595	467,114	613,261	1,233,358	873,060	958,002	1,258,694	1,203,987	1,440,946	-188,244
Operating Profit	-41,051	-62,020	110,034	20,249	15,503	1,460	-3,058	5,283	82,094	-46,861	-62,613	23,759	-9,422	-33,705	188,244
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	6,443	1,151	208	1,009	834	483	230	215	0	0	0	0	0	0	0
Pre-Tax Profit	-34,608	-60,869	110,242	21,258	16,337	1,943	-2,828	5,498	82,094	-46,861	-62,613	23,759	-9,422	-33,705	188,244
Tax	0	0	-20,946	-4,039	-3,104	-369	0	-1,099	-16,419	0	0	-5,702	0	0	-52,708
Profit After Tax	-34,608	-60,869	89,296	17,219	13,233	1,574	-2,828	4,398	65,675	-46,861	-62,613	18,057	-9,422	-33,705	135,536
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-34,608	-60,869	89,296	17,219	13,233	1,574	-2,828	4,398	65,675	-46,861	-62,613	18,057	-9,422	-33,705	135,536
Employee Costs	829,484	660,805	548,012	504,748	495,586	443,599	390,772	377,235	515,849	305,574	309,927	710,772	666,214	677,163	0
Number Of Employees	27	23	22	22	21	18	17	17	21	14	15	35	34	34	0
EBITDA*	-41,051	-62,020	110,034	20,249	15,503	1,460	-3,058	5,283	82,094	-46,861	-62,613	23,759	-9,422	-33,705	188,244

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	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	0
Debtors (Due After 1 year)	1,156	967	623	580	467	512	243	195	0	0	0	0	0	0	0
Total Fixed Assets	1,156	967	623	580	467	512	243	195	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	24,393	30,645	23,267	30,439	37,135	36,115	36,407	40,078	122,162	77,122	80,459	139,781	117,375	131,567	207,036
Group Debtors	1,937	17,323	0	10,575	3,607	570	159	3,344	0	0	0	0	0	0	0
Misc Debtors	24,994	15,841	10,114	6,050	696	728	0	0	0	0	0	0	0	0	0
Cash	136,651	185,517	274,893	141,648	127,334	95,041	98,238	85,988	0	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	187,975	249,326	308,274	188,712	168,772	132,454	134,804	129,410	122,162	77,122	80,459	139,781	117,375	131,567	207,036
total assets	189,131	250,293	308,897	189,292	169,239	132,966	135,047	129,605	122,162	77,122	80,459	139,781	117,375	131,567	207,036
Bank overdraft	0	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	0
Trade Creditors	5,070	2,129	4,267	5,022	4,675	2,896	962	2,735	55,375	76,010	32,486	29,195	24,846	29,616	71,380
Group/Directors Accounts	23,153	40,549	38,935	662	1,866	5,440	7,358	3,088	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	66,706	78,805	76,016	83,225	79,534	54,699	58,370	52,597	0	0	0	0	0	0	0
total current liabilities	94,929	121,483	119,218	88,909	86,075	63,035	66,690	58,420	55,375	76,010	32,486	29,195	24,846	29,616	71,380
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	94,929	121,483	119,218	88,909	86,075	63,035	66,690	58,420	55,375	76,010	32,486	29,195	24,846	29,616	71,380
net assets	94,202	128,810	189,679	100,383	83,164	69,931	68,357	71,185	66,787	1,112	47,973	110,586	92,529	101,951	135,656
total shareholders funds	94,202	128,810	189,679	100,383	83,164	69,931	68,357	71,185	66,787	1,112	47,973	110,586	92,529	101,951	135,656

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-41,051	-62,020	110,034	20,249	15,503	1,460	-3,058	5,283	82,094	-46,861	-62,613	23,759	-9,422	-33,705	188,244
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-20,946	-4,039	-3,104	-369	0	-1,099	-16,419	0	0	-5,702	0	0	-52,708
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-12,296	30,772	-13,640	5,739	3,980	1,116	-6,808	-78,545	45,040	-3,337	-59,322	22,406	-14,192	-75,469	207,036
Creditors	2,941	-2,138	-755	347	1,779	1,934	-1,773	-52,640	-20,635	43,524	3,291	4,349	-4,770	-41,764	71,380
Accruals and Deferred Income	-12,099	2,789	-7,209	3,691	24,835	-3,671	5,773	52,597	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-37,913	-92,141	94,764	14,509	35,033	-1,762	7,750	82,686	0	0	0	0	0	0	-120
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-17,396	1,614	38,273	-1,204	-3,574	-1,918	4,270	3,088	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	0
Long term loans	0	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	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	120
interest	6,443	1,151	208	1,009	834	483	230	215	0	0	0	0	0	0	0
cash flow from financing	-10,953	2,765	38,481	-195	-2,740	-1,435	4,500	3,303	0	0	0	0	0	0	120
cash and cash equivalents
cash	-48,866	-89,376	133,245	14,314	32,293	-3,197	12,250	85,988	0	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-48,866	-89,376	133,245	14,314	32,293	-3,197	12,250	85,988	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 skipton visionplus 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.

SKIPTON VISIONPLUS LIMITED group structure

Skipton Visionplus Limited has no subsidiary companies.

Ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

01721624

SKIPTON SPECSAVERS LIMITED

05051093

2 parents

SKIPTON VISIONPLUS LIMITED

05092368

SKIPTON VISIONPLUS LIMITED Shareholders

skipton specsavers limited	99.58%
specsavers uk holdings ltd & skipton specsavers ltd	0.42%

Skipton Visionplus Limited currently has 4 directors. The longest serving directors include Mr Richard Johnston (Jul 2004) and Ms Justine Sturtivant (Jul 2004).

officer	country	age	start	end	role
Mr Richard Johnston	United Kingdom	49 years	Jul 2004	-	Director
Ms Justine Sturtivant	United Kingdom	54 years	Jul 2004	-	Director
Mr Douglas Perkins	Guernsey	81 years	Oct 2022	-	Director
Mr Mohammed Ashiq	England	30 years	Oct 2022	-	Director

P&L

February 2023

turnover

663.4k

+13%

operating profit

-41.1k

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

94.2k

-0.27%

total assets

189.1k

-0.24%

cash

136.7k

-0.26%

net assets

Total assets minus all liabilities

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company number

05092368

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

April 2004

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 skipton visionplus limited.

skipton visionplus limited Company Information

skipton visionplus limited Estimated Valuation

skipton visionplus limited Estimated Valuation

skipton visionplus limited Estimated Valuation

Skipton Visionplus Limited Overview

Skipton Visionplus Limited Health Check

SKIPTON VISIONPLUS LIMITED financials

skipton visionplus limited Credit Report and Business Information

Skipton Visionplus Limited Competitor Analysis

skipton visionplus limited Ownership

skipton visionplus limited directors

skipton visionplus limited company details

skipton visionplus limited Charges & Mortgages

skipton visionplus limited Companies House Filings - See Documents