primary eyecare services limited
primary eyecare services limited Company Information
Company Number
06722353
Next Accounts
28 days late
Industry
Other human health activities
Shareholders
-
Group Structure
View All
Contact
Registered Address
waulk mill (2.2), 51 bengal street, manchester, M4 6LN
primary eyecare services limited Estimated Valuation
Pomanda estimates the enterprise value of PRIMARY EYECARE SERVICES LIMITED at £18.7m based on a Turnover of £29.6m and 0.63x industry multiple (adjusted for size and gross margin).
primary eyecare services limited Estimated Valuation
Pomanda estimates the enterprise value of PRIMARY EYECARE SERVICES LIMITED at £4.5m based on an EBITDA of £941.8k and a 4.8x industry multiple (adjusted for size and gross margin).
primary eyecare services limited Estimated Valuation
Pomanda estimates the enterprise value of PRIMARY EYECARE SERVICES LIMITED at £3.6m based on Net Assets of £1.5m and 2.49x industry multiple (adjusted for liquidity).
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Primary Eyecare Services Limited Overview
Primary Eyecare Services Limited is a live company located in manchester, M4 6LN with a Companies House number of 06722353. It operates in the other human health activities sector, SIC Code 86900. Founded in October 2008, it's largest shareholder is unknown. Primary Eyecare Services Limited is a established, large sized company, Pomanda has estimated its turnover at £29.6m with rapid growth in recent years.
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Primary Eyecare Services Limited Health Check
Pomanda's financial health check has awarded Primary Eyecare Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £29.6m, make it larger than the average company (£712.3k)
£29.6m - Primary Eyecare Services Limited
£712.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (5.4%)
31% - Primary Eyecare Services Limited
5.4% - Industry AVG
Production
with a gross margin of 11.7%, this company has a higher cost of product (37.4%)
11.7% - Primary Eyecare Services Limited
37.4% - Industry AVG
Profitability
an operating margin of 3.2% make it less profitable than the average company (6%)
3.2% - Primary Eyecare Services Limited
6% - Industry AVG
Employees
with 73 employees, this is above the industry average (19)
73 - Primary Eyecare Services Limited
19 - Industry AVG
Pay Structure
on an average salary of £30.3k, the company has a higher pay structure (£25k)
£30.3k - Primary Eyecare Services Limited
£25k - Industry AVG
Efficiency
resulting in sales per employee of £406.1k, this is more efficient (£44.4k)
£406.1k - Primary Eyecare Services Limited
£44.4k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is near the average (23 days)
19 days - Primary Eyecare Services Limited
23 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (19 days)
58 days - Primary Eyecare Services Limited
19 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Primary Eyecare Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is less cash available to meet short term requirements (135 weeks)
28 weeks - Primary Eyecare Services Limited
135 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.5%, this is a higher level of debt than the average (22.9%)
83.5% - Primary Eyecare Services Limited
22.9% - Industry AVG
PRIMARY EYECARE SERVICES LIMITED financials
Primary Eyecare Services Limited's latest turnover from March 2023 is £29.6 million and the company has net assets of £1.5 million. According to their latest financial statements, Primary Eyecare Services Limited has 73 employees and maintains cash reserves of £4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 29,646,634 | 22,056,669 | 13,274,599 | 13,047,663 | ||||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||||||||
| Cost Of Sales | 26,187,804 | 19,599,568 | 12,152,462 | 12,102,440 | ||||||||||
| Gross Profit | 3,458,830 | 2,457,101 | 1,122,137 | 945,223 | ||||||||||
| Admin Expenses | 2,522,932 | 1,894,430 | 1,319,973 | 797,315 | ||||||||||
| Operating Profit | 935,898 | 562,671 | -197,836 | 147,908 | ||||||||||
| Interest Payable | 0 | 0 | 4,107 | 3,492 | ||||||||||
| Interest Receivable | 0 | 0 | 0 | 0 | ||||||||||
| Pre-Tax Profit | 935,898 | 562,671 | -201,943 | 144,416 | ||||||||||
| Tax | -149,814 | -106,500 | 35,970 | -27,439 | ||||||||||
| Profit After Tax | 786,084 | 456,171 | -165,973 | 116,977 | ||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | ||||||||||
| Retained Profit | 786,084 | 456,171 | -165,973 | 116,977 | ||||||||||
| Employee Costs | 2,215,265 | 1,543,113 | 237,662 | 115,094 | ||||||||||
| Number Of Employees | 73 | 31 | 12 | 4 | 6 | 5 | ||||||||
| EBITDA* | 941,750 | 578,199 | -184,610 | 149,742 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 81,081 | 34,900 | 36,628 | 49,259 | 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 |
| 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 | 81,081 | 34,900 | 36,628 | 49,259 | 0 | 0 | 0 | 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 |
| Trade Debtors | 1,560,530 | 2,265,995 | 3,561,142 | 2,235,015 | 828,423 | 120,455 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,214,557 | 2,178,531 | 315,305 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 3,986,281 | 1,072,280 | 1,000,283 | 672,997 | 246,235 | 57,234 | 31,041 | 25,338 | 17,986 | 6,323 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,761,368 | 5,516,806 | 4,876,730 | 2,908,012 | 1,074,658 | 177,689 | 31,041 | 25,338 | 17,986 | 6,323 | 0 | 0 | 0 | 0 |
| total assets | 8,842,449 | 5,551,706 | 4,913,358 | 2,957,271 | 1,074,658 | 177,689 | 31,041 | 25,338 | 17,986 | 6,323 | 0 | 0 | 0 | 0 |
| 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 | 4,165,445 | 1,587,850 | 4,438,562 | 2,195,608 | 870,293 | 115,519 | 0 | 0 | 3,490 | 2,500 | 0 | 0 | 0 | 0 |
| 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 | 3,216,044 | 3,288,980 | 256,091 | 376,985 | 0 | 7,195 | 2,519 | 2,932 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 7,381,489 | 4,876,830 | 4,694,653 | 2,572,593 | 870,293 | 122,714 | 2,519 | 2,932 | 3,490 | 2,500 | 0 | 0 | 0 | 0 |
| 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 | 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 |
| total liabilities | 7,381,489 | 4,876,830 | 4,694,653 | 2,572,593 | 870,293 | 122,714 | 2,519 | 2,932 | 3,490 | 2,500 | 0 | 0 | 0 | 0 |
| net assets | 1,460,960 | 674,876 | 218,705 | 384,678 | 204,365 | 54,975 | 28,522 | 22,406 | 14,496 | 3,823 | 0 | 0 | 0 | 0 |
| total shareholders funds | 1,460,960 | 674,876 | 218,705 | 384,678 | 204,365 | 54,975 | 28,522 | 22,406 | 14,496 | 3,823 | 0 | 0 | 0 | 0 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 935,898 | 562,671 | -197,836 | 147,908 | ||||||||||
| Depreciation | 5,852 | 15,528 | 13,226 | 1,834 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | -149,814 | -106,500 | 35,970 | -27,439 | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 330,561 | 568,079 | 1,641,432 | 1,406,592 | 707,968 | 120,455 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 2,577,595 | -2,850,712 | 2,242,954 | 1,325,315 | 754,774 | 115,519 | 0 | -3,490 | 3,490 | 2,500 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -72,936 | 3,032,889 | -120,894 | 376,985 | -7,195 | 4,676 | -413 | 2,932 | 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 | 2,966,034 | 85,797 | 331,988 | 418,011 | ||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | ||||||||||
| 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 | 0 | 0 | -4,107 | -3,492 | ||||||||||
| cash flow from financing | 0 | 0 | -4,107 | 59,844 | ||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 2,914,001 | 71,997 | 327,286 | 426,762 | 189,001 | 26,193 | 5,703 | 7,352 | 17,986 | 6,323 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,914,001 | 71,997 | 327,286 | 426,762 | 189,001 | 26,193 | 5,703 | 7,352 | 17,986 | 6,323 | 0 | 0 | 0 | 0 |
primary eyecare services limited Credit Report and Business Information
Primary Eyecare Services Limited Competitor Analysis
Perform a competitor analysis for primary eyecare services limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other large companies, companies in M 4 area or any other competitors across 12 key performance metrics.
primary eyecare services limited Ownership
PRIMARY EYECARE SERVICES LIMITED group structure
Primary Eyecare Services Limited has no subsidiary companies.
Ultimate parent company
PRIMARY EYECARE SERVICES LIMITED
06722353
primary eyecare services limited directors
Primary Eyecare Services Limited currently has 9 directors. The longest serving directors include Mr Stuart Tinger (Oct 2008) and Mrs Fionnuala Stott (Dec 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stuart Tinger | 77 years | Oct 2008 | - | Director | |
| Mrs Fionnuala Stott | United Kingdom | 52 years | Dec 2017 | - | Director |
| Miss Kristy Jackson | England | 42 years | Jul 2021 | - | Director |
| Mr Charles Barlow | England | 65 years | Jul 2021 | - | Director |
| Mr Stephen McAndrew | 61 years | Jul 2021 | - | Director | |
| The Right Honourable Janet Paraskeva | 78 years | May 2022 | - | Director | |
| Dame Janet Paraskeva | England | 78 years | May 2022 | - | Director |
| Mrs Karen Bass | England | 55 years | Apr 2024 | - | Director |
| Mrs Claire Jenkinson | 60 years | Apr 2024 | - | Director |
P&L
March 2023turnover
29.6m
+34%
operating profit
935.9k
+66%
gross margin
11.7%
+4.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.5m
+1.16%
total assets
8.8m
+0.59%
cash
4m
+2.72%
net assets
Total assets minus all liabilities
primary eyecare services limited company details
company number
06722353
Type
Private Ltd By Guarantee w/o Share Cap
industry
86900 - Other human health activities
incorporation date
October 2008
age
17
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
primary eyecare north limited (June 2018)
gm primary eyecare ltd. (January 2018)
See moreaccountant
-
auditor
XEINADIN AUDIT LIMITED
address
waulk mill (2.2), 51 bengal street, manchester, M4 6LN
Bank
-
Legal Advisor
-
primary eyecare services 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 primary eyecare services limited.
primary eyecare services 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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primary eyecare services limited Companies House Filings - See Documents
| date | description | view/download |
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