turner optics ltd
turner optics ltd Company Information
Company Number
05971713
Next Accounts
Dec 2024
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Shareholders
sarah turner
mark john turner
Group Structure
View All
Contact
Registered Address
38 abbey road, wellingborough, northants, NN8 2JP
Website
-turner optics ltd Estimated Valuation
Pomanda estimates the enterprise value of TURNER OPTICS LTD at £2.9k based on a Turnover of £7.9k and 0.37x industry multiple (adjusted for size and gross margin).
turner optics ltd Estimated Valuation
Pomanda estimates the enterprise value of TURNER OPTICS LTD at £6.1k based on an EBITDA of £1.9k and a 3.16x industry multiple (adjusted for size and gross margin).
turner optics ltd Estimated Valuation
Pomanda estimates the enterprise value of TURNER OPTICS LTD at £171 based on Net Assets of £74 and 2.32x industry multiple (adjusted for liquidity).
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Turner Optics Ltd Overview
Turner Optics Ltd is a live company located in northants, NN8 2JP with a Companies House number of 05971713. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in October 2006, it's largest shareholder is sarah turner with a 50% stake. Turner Optics Ltd is a established, micro sized company, Pomanda has estimated its turnover at £7.9k with declining growth in recent years.
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Turner Optics Ltd Health Check
Pomanda's financial health check has awarded Turner Optics Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £7.9k, make it smaller than the average company (£1.6m)
- Turner Optics Ltd
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -46%, show it is growing at a slower rate (5.4%)
- Turner Optics Ltd
5.4% - Industry AVG
Production
with a gross margin of 24.3%, this company has a higher cost of product (44.9%)
- Turner Optics Ltd
44.9% - Industry AVG
Profitability
an operating margin of 24.6% make it more profitable than the average company (6.4%)
- Turner Optics Ltd
6.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (15)
- Turner Optics Ltd
15 - Industry AVG
Pay Structure
on an average salary of £47.2k, the company has an equivalent pay structure (£47.2k)
- Turner Optics Ltd
£47.2k - Industry AVG
Efficiency
resulting in sales per employee of £7.9k, this is less efficient (£111.3k)
- Turner Optics Ltd
£111.3k - Industry AVG
Debtor Days
it gets paid by customers after 107 days, this is later than average (57 days)
- Turner Optics Ltd
57 days - Industry AVG
Creditor Days
its suppliers are paid after 162 days, this is slower than average (33 days)
- Turner Optics Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Turner Optics Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Turner Optics Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.3%, this is a higher level of debt than the average (52.1%)
97.3% - Turner Optics Ltd
52.1% - Industry AVG
TURNER OPTICS LTD financials
Turner Optics Ltd's latest turnover from March 2023 is estimated at £7.9 thousand and the company has net assets of £74. According to their latest financial statements, we estimate that Turner Optics Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 2 | 2 | 2 | |||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 449 | 562 | 156 | 195 | 243 | 303 | 379 | 474 | 592 | 741 | 926 | 1,157 | 1,446 | 1,102 |
| 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) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 449 | 562 | 156 | 195 | 243 | 303 | 379 | 474 | 592 | 741 | 926 | 1,157 | 1,446 | 1,102 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,331 | 4,288 | 2,668 | 5,111 | 3,651 | 4,548 | 0 | 0 | 0 | 0 | 735 | 45 | 331 | 1,654 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 4,548 | 4,548 | 4,369 | 0 | 0 | 1,664 | 4,436 | 2,532 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,423 | 4,422 | 0 | 0 | 0 |
| total current assets | 2,331 | 4,288 | 2,668 | 5,111 | 3,651 | 4,548 | 4,548 | 4,548 | 4,369 | 5,423 | 5,157 | 1,709 | 4,767 | 4,186 |
| total assets | 2,780 | 4,850 | 2,824 | 5,306 | 3,894 | 4,851 | 4,927 | 5,022 | 4,961 | 6,164 | 6,083 | 2,866 | 6,213 | 5,288 |
| 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 | 2,674 | 6,318 | 2,774 | 4,892 | 3,856 | 4,787 | 4,869 | 4,941 | 4,884 | 6,041 | 5,969 | 4,712 | 5,850 | 5,072 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 2,674 | 6,318 | 2,774 | 4,892 | 3,856 | 4,787 | 4,869 | 4,941 | 4,884 | 6,041 | 5,969 | 4,712 | 5,850 | 5,072 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 32 | 32 | 32 | 32 | 0 | 32 | 42 | 46 | 69 | 88 | 112 | 142 | 92 | 85 |
| total long term liabilities | 32 | 32 | 32 | 32 | 32 | 32 | 42 | 46 | 69 | 88 | 112 | 142 | 92 | 85 |
| total liabilities | 2,706 | 6,350 | 2,806 | 4,924 | 3,888 | 4,819 | 4,911 | 4,987 | 4,953 | 6,129 | 6,081 | 4,854 | 5,942 | 5,157 |
| net assets | 74 | -1,500 | 18 | 382 | 6 | 32 | 16 | 35 | 8 | 35 | 2 | -1,988 | 271 | 131 |
| total shareholders funds | 74 | -1,500 | 18 | 382 | 6 | 32 | 16 | 35 | 8 | 35 | 2 | -1,988 | 271 | 131 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 95 | 118 | 149 | 185 | 231 | 289 | 362 | 274 | ||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,957 | 1,620 | -2,443 | 5,111 | -897 | 4,548 | 0 | 0 | 0 | -735 | 690 | -286 | -1,323 | 1,654 |
| Creditors | -3,644 | 3,544 | -2,118 | 4,892 | -931 | -82 | -72 | 57 | -1,157 | 72 | 1,257 | -1,138 | 778 | 5,072 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 32 | -32 | -10 | -4 | -23 | -19 | -24 | -30 | 50 | 7 | 85 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 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 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | -4,548 | 0 | 179 | 4,369 | 0 | -1,664 | -2,772 | 1,904 | 2,532 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | -4,548 | 0 | 179 | 4,369 | 0 | -1,664 | -2,772 | 1,904 | 2,532 |
turner optics ltd Credit Report and Business Information
Turner Optics Ltd Competitor Analysis
Perform a competitor analysis for turner optics ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in NN8 area or any other competitors across 12 key performance metrics.
turner optics ltd Ownership
TURNER OPTICS LTD group structure
Turner Optics Ltd has no subsidiary companies.
Ultimate parent company
TURNER OPTICS LTD
05971713
turner optics ltd directors
Turner Optics Ltd currently has 2 directors. The longest serving directors include Mr Mark Turner (Oct 2006) and Mrs Sarah Turner (Jul 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Turner | England | 52 years | Oct 2006 | - | Director |
| Mrs Sarah Turner | 49 years | Jul 2015 | - | Director |
P&L
March 2023turnover
7.9k
-84%
operating profit
1.9k
0%
gross margin
24.4%
+4.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
74
-1.05%
total assets
2.8k
-0.43%
cash
0
0%
net assets
Total assets minus all liabilities
turner optics ltd company details
company number
05971713
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
October 2006
age
18
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
38 abbey road, wellingborough, northants, NN8 2JP
Bank
-
Legal Advisor
-
turner optics ltd 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 turner optics ltd.
turner optics ltd Companies House Filings - See Documents
| date | description | view/download |
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