droitwich visionplus limited
droitwich visionplus limited Company Information
Company Number
06026095
Next Accounts
Nov 2025
Shareholders
droitwich specsavers ltd
specsavers uk holdings ltd & droithwich specsavers ltd
Group Structure
View All
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
Website
specsavers.co.ukdroitwich visionplus limited Estimated Valuation
Pomanda estimates the enterprise value of DROITWICH VISIONPLUS LIMITED at £218.2k based on a Turnover of £698.9k and 0.31x industry multiple (adjusted for size and gross margin).
droitwich visionplus limited Estimated Valuation
Pomanda estimates the enterprise value of DROITWICH VISIONPLUS LIMITED at £0 based on an EBITDA of £-42.8k and a 2.95x industry multiple (adjusted for size and gross margin).
droitwich visionplus limited Estimated Valuation
Pomanda estimates the enterprise value of DROITWICH VISIONPLUS LIMITED at £191k based on Net Assets of £73.7k and 2.59x industry multiple (adjusted for liquidity).
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Droitwich Visionplus Limited Overview
Droitwich Visionplus Limited is a live company located in fareham, PO15 7PA with a Companies House number of 06026095. 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 December 2006, it's largest shareholder is droitwich specsavers ltd with a 99.6% stake. Droitwich Visionplus Limited is a established, small sized company, Pomanda has estimated its turnover at £698.9k with healthy growth in recent years.
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Droitwich Visionplus Limited Health Check
Pomanda's financial health check has awarded Droitwich Visionplus Limited a 3 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
2 Regular
7 Weak
Size
annual sales of £698.9k, make it smaller than the average company (£9.6m)
- Droitwich Visionplus Limited
£9.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (10.3%)
- Droitwich Visionplus Limited
10.3% - Industry AVG
Production
with a gross margin of 25.1%, this company has a higher cost of product (42%)
- Droitwich Visionplus Limited
42% - Industry AVG
Profitability
an operating margin of -6.1% make it less profitable than the average company (4.3%)
- Droitwich Visionplus Limited
4.3% - Industry AVG
Employees
with 20 employees, this is below the industry average (47)
20 - Droitwich Visionplus Limited
47 - Industry AVG
Pay Structure
on an average salary of £29k, the company has an equivalent pay structure (£29k)
- Droitwich Visionplus Limited
£29k - Industry AVG
Efficiency
resulting in sales per employee of £34.9k, this is less efficient (£156.3k)
- Droitwich Visionplus Limited
£156.3k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is later than average (14 days)
- Droitwich Visionplus Limited
14 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (38 days)
- Droitwich Visionplus Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Droitwich Visionplus Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 37 weeks, this is more cash available to meet short term requirements (20 weeks)
37 weeks - Droitwich Visionplus Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.1%, this is a lower level of debt than the average (56.2%)
44.1% - Droitwich Visionplus Limited
56.2% - Industry AVG
DROITWICH VISIONPLUS LIMITED financials
Droitwich Visionplus Limited's latest turnover from February 2024 is estimated at £698.9 thousand and the company has net assets of £73.7 thousand. According to their latest financial statements, Droitwich Visionplus Limited has 20 employees and maintains cash reserves of £42.2 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 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 20 | 20 | 20 | 19 | 19 | 20 | 18 | 17 | 16 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 467 | 470 | 464 | 196 | 214 | 158 | 57 | ||||||||
| Total Fixed Assets | 467 | 470 | 464 | 196 | 214 | 158 | 57 | ||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 37,910 | 38,966 | 37,999 | 58,958 | 68,454 | 43,490 | 35,898 | 28,237 | 26,283 | 42,309 | 125,832 | 111,633 | 151,989 | 148,576 | 168,642 |
| Group Debtors | 42,754 | 66,955 | 23,004 | 20,594 | 32,484 | 66,883 | 68,325 | 45,700 | 68,734 | 18,037 | |||||
| Misc Debtors | 8,403 | 7,377 | 5,562 | 4,234 | 1,353 | 1,689 | 2,729 | ||||||||
| Cash | 42,249 | 46,392 | 95,612 | 100,307 | 36,949 | 42,309 | 27,247 | 39,278 | 24,181 | ||||||
| misc current assets | |||||||||||||||
| total current assets | 131,316 | 159,690 | 162,177 | 184,093 | 139,240 | 154,371 | 131,470 | 113,215 | 121,927 | 60,346 | 125,832 | 111,633 | 151,989 | 148,576 | 168,642 |
| total assets | 131,783 | 160,160 | 162,641 | 184,289 | 139,454 | 154,529 | 131,527 | 113,215 | 121,927 | 60,346 | 125,832 | 111,633 | 151,989 | 148,576 | 168,642 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,416 | 2,336 | 1,528 | 194 | 8,354 | 3,166 | 3,441 | 3,022 | 2,380 | 29,597 | 25,936 | 16,837 | 27,452 | 62,757 | 50,534 |
| Group/Directors Accounts | 1,883 | 1,755 | 23,886 | 1,784 | 3,100 | 3,776 | 1,859 | 1,381 | 1,781 | ||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 54,807 | 41,907 | 51,093 | 48,941 | 42,620 | 40,025 | 29,264 | 31,958 | 23,124 | ||||||
| total current liabilities | 58,106 | 45,998 | 76,507 | 50,919 | 54,074 | 46,967 | 34,564 | 36,361 | 27,285 | 29,597 | 25,936 | 16,837 | 27,452 | 62,757 | 50,534 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 58,106 | 45,998 | 76,507 | 50,919 | 54,074 | 46,967 | 34,564 | 36,361 | 27,285 | 29,597 | 25,936 | 16,837 | 27,452 | 62,757 | 50,534 |
| net assets | 73,677 | 114,162 | 86,134 | 133,370 | 85,380 | 107,562 | 96,963 | 76,854 | 94,642 | 30,749 | 99,896 | 94,796 | 124,537 | 85,819 | 118,108 |
| total shareholders funds | 73,677 | 114,162 | 86,134 | 133,370 | 85,380 | 107,562 | 96,963 | 76,854 | 94,642 | 30,749 | 99,896 | 94,796 | 124,537 | 85,819 | 118,108 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -24,234 | 46,739 | -16,953 | -18,523 | -9,715 | 7,940 | 30,343 | -23,809 | 37,400 | -65,486 | 14,199 | -40,356 | 3,413 | -20,066 | 168,642 |
| Creditors | -920 | 808 | 1,334 | -8,160 | 5,188 | -275 | 419 | 642 | -27,217 | 3,661 | 9,099 | -10,615 | -35,305 | 12,223 | 50,534 |
| Accruals and Deferred Income | 12,900 | -9,186 | 2,152 | 6,321 | 2,595 | 10,761 | -2,694 | 8,834 | 23,124 | ||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 128 | -22,131 | 22,102 | -1,316 | -676 | 1,917 | 478 | -400 | 1,781 | ||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -4,143 | -49,220 | -4,695 | 63,358 | -5,360 | 15,062 | -12,031 | 15,097 | 24,181 | ||||||
| overdraft | |||||||||||||||
| change in cash | -4,143 | -49,220 | -4,695 | 63,358 | -5,360 | 15,062 | -12,031 | 15,097 | 24,181 |
droitwich visionplus limited Credit Report and Business Information
Droitwich Visionplus Limited Competitor Analysis
Perform a competitor analysis for droitwich 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.
droitwich visionplus limited Ownership
DROITWICH VISIONPLUS LIMITED group structure
Droitwich Visionplus Limited has no subsidiary companies.
Ultimate parent company
2 parents
DROITWICH VISIONPLUS LIMITED
06026095
droitwich visionplus limited directors
Droitwich Visionplus Limited currently has 6 directors. The longest serving directors include Mr Timothy Reeves (Feb 2007) and Mr Jonathan Lee (Feb 2007).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Reeves | England | 59 years | Feb 2007 | - | Director |
| Mr Jonathan Lee | 61 years | Feb 2007 | - | Director | |
| Mr Jonathan Lee | 61 years | Feb 2007 | - | Director | |
| Mrs Emma Singh | England | 44 years | Feb 2007 | - | Director |
| Mr John Perkins | Guernsey | 52 years | Feb 2020 | - | Director |
| Mr Randeep Singh | United Kingdom | 44 years | Feb 2020 | - | Director |
P&L
February 2024turnover
698.9k
+5%
operating profit
-42.8k
0%
gross margin
25.2%
-0.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
73.7k
-0.35%
total assets
131.8k
-0.18%
cash
42.2k
-0.09%
net assets
Total assets minus all liabilities
droitwich visionplus limited company details
company number
06026095
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
December 2006
age
19
incorporated
UK
ultimate parent company
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
-
droitwich visionplus 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 droitwich visionplus limited.
droitwich visionplus 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.
Click to start generating capital raising & share issue transactions for DROITWICH VISIONPLUS LIMITED. This can take several minutes, an email will notify you when this has completed.
droitwich visionplus limited Companies House Filings - See Documents
| date | description | view/download |
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