musselburgh specsavers limited

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musselburgh specsavers limited Company Information

Share MUSSELBURGH SPECSAVERS LIMITED

Company Number

05955376

Shareholders

specsavers uk holdings limited

amy theresa brolly

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Group Structure

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Industry

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

 

Registered Address

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

musselburgh specsavers limited Estimated Valuation

£4.1k

Pomanda estimates the enterprise value of MUSSELBURGH SPECSAVERS LIMITED at £4.1k based on a Turnover of £13.7k and 0.3x industry multiple (adjusted for size and gross margin).

musselburgh specsavers limited Estimated Valuation

£278.5k

Pomanda estimates the enterprise value of MUSSELBURGH SPECSAVERS LIMITED at £278.5k based on an EBITDA of £97.9k and a 2.85x industry multiple (adjusted for size and gross margin).

musselburgh specsavers limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MUSSELBURGH SPECSAVERS LIMITED at £0 based on Net Assets of £-5.9k and 2.59x industry multiple (adjusted for liquidity).

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Musselburgh Specsavers Limited Overview

Musselburgh Specsavers Limited is a live company located in fareham, PO15 7PA with a Companies House number of 05955376. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in October 2006, it's largest shareholder is specsavers uk holdings limited with a 50% stake. Musselburgh Specsavers Limited is a established, micro sized company, Pomanda has estimated its turnover at £13.7k with declining growth in recent years.

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Musselburgh Specsavers Limited Health Check

Pomanda's financial health check has awarded Musselburgh Specsavers Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

8 Weak

size

Size

annual sales of £13.7k, make it smaller than the average company (£9.7m)

£13.7k - Musselburgh Specsavers Limited

£9.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (10.3%)

-7% - Musselburgh Specsavers Limited

10.3% - Industry AVG

production

Production

with a gross margin of 25.1%, this company has a higher cost of product (41.8%)

25.1% - Musselburgh Specsavers Limited

41.8% - Industry AVG

profitability

Profitability

an operating margin of 255.6% make it more profitable than the average company (4.3%)

255.6% - Musselburgh Specsavers Limited

4.3% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (48)

1 - Musselburgh Specsavers Limited

48 - Industry AVG

paystructure

Pay Structure

on an average salary of £29k, the company has an equivalent pay structure (£29k)

£29k - Musselburgh Specsavers Limited

£29k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £13.7k, this is less efficient (£155.4k)

£13.7k - Musselburgh Specsavers Limited

£155.4k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Musselburgh Specsavers Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 90 days, this is slower than average (38 days)

90 days - Musselburgh Specsavers Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 533 days, this is more than average (95 days)

533 days - Musselburgh Specsavers Limited

95 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (20 weeks)

9 weeks - Musselburgh Specsavers Limited

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 102.8%, this is a higher level of debt than the average (56.3%)

102.8% - Musselburgh Specsavers Limited

56.3% - Industry AVG

MUSSELBURGH SPECSAVERS LIMITED financials

EXPORTms excel logo

Musselburgh Specsavers Limited's latest turnover from February 2024 is estimated at £13.7 thousand and the company has net assets of -£5.9 thousand. According to their latest financial statements, we estimate that Musselburgh Specsavers Limited has 1 employee and maintains cash reserves of £26.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Turnover13,68022,92914,29517,01119,20521,69723,66222,59326,905343,188339,704121,613261,819253,363319,908
Other Income Or Grants
Cost Of Sales10,24317,12210,57012,87214,41515,76617,40916,51519,478255,481247,98086,422189,915182,322226,473
Gross Profit3,4375,8073,7264,1394,7905,9326,2526,0787,42787,70791,72435,19171,90371,04193,435
Admin Expenses-31,527-7,877-29,7458,841-178,345133,05367,928-7,42399,088-156,884202,459-92,927102,407-45,688260,780
Operating Profit34,96413,68433,471-4,702183,135-127,121-61,67613,501-91,661244,591-110,735128,118-30,504116,729-167,345
Interest Payable7,5013,9336121,5691,101532513
Interest Receivable1,5041,416100
Pre-Tax Profit28,96711,16732,958-6,271182,035-127,653-62,18913,501-91,661244,591-110,735128,118-30,504116,729-167,345
Tax-7,242-2,122-6,262-34,587-2,700-51,364-30,748-32,684
Profit After Tax21,7259,04526,696-6,271147,448-127,653-62,18910,801-91,661193,227-110,73597,370-30,50484,045-167,345
Dividends Paid
Retained Profit21,7259,04526,696-6,271147,448-127,653-62,18910,801-91,661193,227-110,73597,370-30,50484,045-167,345
Employee Costs28,99327,24925,44023,19023,37923,12822,71821,23419,69038,01438,44819,31936,01337,18133,201
Number Of Employees111111111221222
EBITDA*97,87840,91254,39919,775207,851-101,741-31,24142,247-77,678254,519-88,488150,325-10,138137,685-141,545

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Tangible Assets162,093200,17452,24153,45377,93047,06366,61297,047125,79312,85822,78642,53863,64073,00193,957
Intangible Assets
Investments & Other120120120120120120120120120120120120120120120
Debtors (Due After 1 year)5,5286,6784,7445,0043,3834,0853,659
Total Fixed Assets162,213200,29457,88960,25182,79452,18770,11597,167125,91317,06326,56542,65863,76073,12194,077
Stock & work in progress14,97015,92419,01418,17918,37519,48025,60224,63420,81918,40918,54219,11915,58117,94913,143
Trade Debtors75,90730,1512,8798739,000818
Group Debtors2011,3625522085341,554238155690
Misc Debtors9,4459,3557,0896,6779,3939,2218,8665,4895,909
Cash26,42130,89239,899464
misc current assets
total current assets51,03757,53366,55425,06428,30230,25534,70630,32427,42294,31648,69321,99816,45426,94913,961
total assets213,250257,827124,44385,315111,09682,442104,821127,491153,335111,37975,25864,65680,214100,070108,038
Bank overdraft
Bank loan
Trade Creditors 2,5318,1403,0072,7623,9184,9733,7923,2877,77240,474201,72577,640186,922176,953262,330
Group/Directors Accounts140,803175,706150,879118,397128,071277,177156,931128,028157,275
other short term finances15,776
hp & lease commitments3,5103,510
other current liabilities8,3866,4267,2088,6653,5684,8165,0103,5211,462
total current liabilities151,720190,272161,094129,824135,557286,966181,509138,346170,01940,474201,72577,640186,922176,953262,330
loans54,70478,65418,83832,615
hp & lease commitments2,0605,570
Accruals and Deferred Income
other liabilities1831,7673,2294,7275823,3306,9765,37611,187
provisions12,70716,5079211,746
total long term liabilities67,41195,16118,83832,6151833,8278,7994,7275823,3306,9766,29712,933
total liabilities219,131285,433161,094148,662168,172286,966181,692142,173178,81845,201202,30780,970193,898183,250275,263
net assets-5,881-27,606-36,651-63,347-57,076-204,524-76,871-14,682-25,48366,178-127,049-16,314-113,684-83,180-167,225
total shareholders funds-5,881-27,606-36,651-63,347-57,076-204,524-76,871-14,682-25,48366,178-127,049-16,314-113,684-83,180-167,225
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Operating Activities
Operating Profit34,96413,68433,471-4,702183,135-127,121-61,67613,501-91,661244,591-110,735128,118-30,504116,729-167,345
Depreciation62,91427,22820,92824,47724,71625,38030,43528,74613,9839,92822,24722,20720,36620,95625,800
Amortisation
Tax-7,242-2,122-6,262-34,587-2,700-51,364-30,748-32,684
Stock-954-3,090835-196-1,105-6,1229683,8152,410-133-5773,538-2,3684,80613,143
Debtors-1,071-2,452-394-1,108-1,1083,2926,843-955-73,39346,18230,9312,006-8,1278,182818
Creditors-5,6095,133245-1,156-1,0551,181505-4,485-32,702-161,251124,085-109,2829,969-85,377262,330
Accruals and Deferred Income1,960-782-1,4575,097-1,248-1941,4892,0591,462
Deferred Taxes & Provisions-3,80016,507-921-8251,746
Cash flow from operations85,21265,19046,48425,020173,174-97,924-37,05834,261-37,935-4,1455,2434,7519,4055,811108,570
Investing Activities
capital expenditure-24,833-175,161-19,716-55,583-5,831-126,918-2,495-1,105-11,005-119,757
Change in Investments120
cash flow from investments-24,833-175,161-19,716-55,583-5,831-126,918-2,495-1,105-11,005-119,877
Financing Activities
Bank loans
Group/Directors Accounts-34,90324,82732,482-9,674-149,106120,24628,903-29,247157,275
Other Short Term Loans -15,77615,776
Long term loans-23,95078,654-18,838-13,77732,615
Hire Purchase and Lease Commitments-5,570-3,5109,080
other long term liabilities-183-1,584-1,462-1,4984,145-2,748-3,6461,600-5,81111,187
share issue120
interest-5,997-2,517-512-1,569-1,101-532-513
cash flow from financing-64,850100,96413,132-25,020-117,592103,75537,012-34,219164,8574,145-2,748-3,6461,600-5,81111,307
cash and cash equivalents
cash-4,471-9,00739,899-46424
overdraft
change in cash-4,471-9,00739,899-46424

musselburgh 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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Musselburgh Specsavers Limited Competitor Analysis

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Perform a competitor analysis for musselburgh specsavers 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 PO15 area or any other competitors across 12 key performance metrics.

musselburgh specsavers limited Ownership

MUSSELBURGH SPECSAVERS LIMITED group structure

Musselburgh Specsavers Limited has 1 subsidiary company.

Ultimate parent company

2 parents

MUSSELBURGH SPECSAVERS LIMITED

05955376

1 subsidiary

MUSSELBURGH SPECSAVERS LIMITED Shareholders

specsavers uk holdings limited 50%
amy theresa brolly 25%
graeme robertson 25%

musselburgh specsavers limited directors

Musselburgh Specsavers Limited currently has 2 directors. The longest serving directors include Mr Graeme Robertson (Sep 2009) and Ms Amy Brolly (Apr 2019).

officercountryagestartendrole
Mr Graeme Robertson42 years Sep 2009- Director
Ms Amy BrollyScotland37 years Apr 2019- Director

P&L

February 2024

turnover

13.7k

-40%

operating profit

35k

0%

gross margin

25.2%

-0.79%

turnover

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

Balance Sheet

February 2024

net assets

-5.9k

-0.79%

total assets

213.3k

-0.17%

cash

26.4k

-0.14%

net assets

Total assets minus all liabilities

musselburgh specsavers limited company details

company number

05955376

Type

Private limited with Share Capital

industry

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

October 2006

age

19

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

-

musselburgh 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 musselburgh specsavers limited.

musselburgh 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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musselburgh specsavers limited Companies House Filings - See Documents

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