bishopsgate specsavers limited

bishopsgate specsavers limited Company Information

Share BISHOPSGATE SPECSAVERS LIMITED
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Company Number

06883151

Industry

Retail sale by opticians

 

Shareholders

specsavers uk holdings limited

rajesh ramesh chandegra

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Group Structure

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Contact

Registered Address

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

bishopsgate specsavers limited Estimated Valuation

£10.1k

Pomanda estimates the enterprise value of BISHOPSGATE SPECSAVERS LIMITED at £10.1k based on a Turnover of £16.8k and 0.6x industry multiple (adjusted for size and gross margin).

bishopsgate specsavers limited Estimated Valuation

£16.8k

Pomanda estimates the enterprise value of BISHOPSGATE SPECSAVERS LIMITED at £16.8k based on an EBITDA of £5k and a 3.39x industry multiple (adjusted for size and gross margin).

bishopsgate specsavers limited Estimated Valuation

£0

Pomanda estimates the enterprise value of BISHOPSGATE SPECSAVERS LIMITED at £0 based on Net Assets of £-104.2k and 2.9x industry multiple (adjusted for liquidity).

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Bishopsgate Specsavers Limited Overview

Bishopsgate Specsavers Limited is a live company located in fareham, PO15 7PA with a Companies House number of 06883151. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in April 2009, it's largest shareholder is specsavers uk holdings limited with a 50.2% stake. Bishopsgate Specsavers Limited is a established, micro sized company, Pomanda has estimated its turnover at £16.8k with declining growth in recent years.

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Bishopsgate Specsavers Limited Health Check

Pomanda's financial health check has awarded Bishopsgate Specsavers Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

2 Regular

positive_score

8 Weak

size

Size

annual sales of £16.8k, make it smaller than the average company (£9.7m)

£16.8k - Bishopsgate Specsavers Limited

£9.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (13%)

-7% - Bishopsgate Specsavers Limited

13% - Industry AVG

production

Production

with a gross margin of 57%, this company has a comparable cost of product (68.4%)

57% - Bishopsgate Specsavers Limited

68.4% - Industry AVG

profitability

Profitability

an operating margin of -501.3% make it less profitable than the average company (5.6%)

-501.3% - Bishopsgate Specsavers Limited

5.6% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (45)

1 - Bishopsgate Specsavers Limited

45 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.7k, the company has an equivalent pay structure (£32.7k)

£32.7k - Bishopsgate Specsavers Limited

£32.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £16.8k, this is less efficient (£102k)

£16.8k - Bishopsgate Specsavers Limited

£102k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Bishopsgate Specsavers Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 366 days, this is slower than average (42 days)

366 days - Bishopsgate Specsavers Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1035 days, this is more than average (56 days)

1035 days - Bishopsgate Specsavers Limited

56 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 (13 weeks)

9 weeks - Bishopsgate Specsavers Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 152.3%, this is a higher level of debt than the average (58.8%)

152.3% - Bishopsgate Specsavers Limited

58.8% - Industry AVG

BISHOPSGATE SPECSAVERS LIMITED financials

EXPORTms excel logo

Bishopsgate Specsavers Limited's latest turnover from February 2024 is estimated at £16.8 thousand and the company has net assets of -£104.2 thousand. According to their latest financial statements, we estimate that Bishopsgate Specsavers Limited has 1 employee and maintains cash reserves of £40.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010
Turnover16,77419,73818,80721,19249,97328,43627,44927,2511,750,6401,064,2071,037,913885,216305,6023,749,354
Other Income Or Grants00000000000000
Cost Of Sales7,2176,7777,66816,62837,30421,05416,4098,456644,838421,743346,757357,356170,7241,659,025
Gross Profit9,55712,96111,1394,56412,6697,38211,04018,7951,105,802642,463691,155527,859134,8782,090,329
Admin Expenses93,641-88,004-67,439118,66288,435-262,454177,668112,3861,004,276372,204935,023760,233353,7732,189,755
Operating Profit-84,084100,96578,578-114,098-75,766269,836-166,628-93,591101,526270,259-243,868-232,374-218,895-99,426
Interest Payable3,2845,7078,52510,4615,126000000000
Interest Receivable1,5021,26911800000000000
Pre-Tax Profit-85,86696,52770,172-124,559-80,892269,836-166,628-93,591101,526270,259-243,868-232,374-218,895-99,426
Tax0-18,340-13,33300-51,26900-20,305-56,7540000
Profit After Tax-85,86678,18756,839-124,559-80,892218,567-166,628-93,59181,221213,505-243,868-232,374-218,895-99,426
Dividends Paid00000000000000
Retained Profit-85,86678,18756,839-124,559-80,892218,567-166,628-93,59181,221213,505-243,868-232,374-218,895-99,426
Employee Costs32,66731,65629,81024,91022,94323,59924,64422,337453,868263,633272,507243,97178,6641,021,332
Number Of Employees1111111118121312451
EBITDA*4,953170,342149,814-46,318-23,442298,308-120,831-54,314131,200312,978-199,371-187,681-170,526-65,329

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010
Tangible Assets81,351134,842196,897245,926277,26123,14471,312111,587138,27162,19780,863108,089147,613176,293
Intangible Assets00000000000000
Investments & Other120120120120120120120120120120120120120120
Debtors (Due After 1 year)10,8537,7343,0321,9151,155011,16911,67813,80917,7060000
Total Fixed Assets92,324142,696200,049247,961278,53623,26482,601123,385152,20080,02380,983108,209147,733176,413
Stock & work in progress20,47224,46325,04226,90530,67527,44928,99424,81922,38819,51718,55119,29320,63516,835
Trade Debtors00000000102,90053,67852,18342,30611,436196,881
Group Debtors30030,7288299154,044119,495725771000000
Misc Debtors45,31846,00348,00655,44952,39423,34522,97258,6060005,85540,0000
Cash40,93016,29347,18100209000000
misc current assets00000000000000
total current assets107,020117,487121,05882,445137,113170,29152,69184,205125,28873,19570,73467,45472,071213,716
total assets199,344260,183321,107330,406415,649193,555135,292207,590277,488153,218151,717175,663219,804390,129
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 7,2509,86410,6777,13128,23112,67812,86614,487770,031719,723938,562716,662470,154364,326
Group/Directors Accounts162,813121,790229,527179,715156,272125,676284,897777,697000040,00040,000
other short term finances00063,8590000000000
hp & lease commitments00000004,762000000
other current liabilities49,73228,02822,62714,4789,7502,7474,0363,951000000
total current liabilities219,795159,682262,831265,183194,253141,101301,799800,897770,031719,723938,562716,662510,154404,326
loans15,42642,95571,189127,247151,874000000000
hp & lease commitments00000000000000
Accruals and Deferred Income68,35475,91183,63991,36798,354000000000
other liabilities000000007,17314,4327,5979,57527,85085,108
provisions0000039400000000
total long term liabilities83,780118,866154,828218,614250,228394007,17314,4327,5979,57527,85085,108
total liabilities303,575278,548417,659483,797444,481141,495301,799800,897777,204734,155946,159726,237538,004489,434
net assets-104,231-18,365-96,552-153,391-28,83252,060-166,507-593,307-499,716-580,937-794,442-550,574-318,200-99,305
total shareholders funds-104,231-18,365-96,552-153,391-28,83252,060-166,507-593,307-499,716-580,937-794,442-550,574-318,200-99,305
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010
Operating Activities
Operating Profit-84,084100,96578,578-114,098-75,766269,836-166,628-93,591101,526270,259-243,868-232,374-218,895-99,426
Depreciation89,03769,37771,23667,78052,32428,47245,79739,27729,67442,71944,49744,69348,36934,097
Amortisation00000000000000
Tax0-18,340-13,33300-51,26900-20,305-56,7540000
Stock-3,991-579-1,863-3,7703,226-1,54528,9942,4312,871966-742-1,3423,80016,835
Debtors-27,99432,598-5,588-50,138-35,247107,97434,866-45,65445,32519,2014,022-3,275-145,445196,881
Creditors-2,614-8133,546-21,10015,553-18812,866-755,54450,308-218,839221,900246,508105,828364,326
Accruals and Deferred Income14,147-2,327421-2,259105,357-1,2894,0363,951000000
Deferred Taxes & Provisions0000-39439400000000
Cash flow from operations48,471116,843147,899-15,769129,095139,527-167,789-762,684113,00717,21819,24963,44476,94785,281
Investing Activities
capital expenditure-35,546-7,322-22,207-36,445-306,44119,696-117,109-12,593-105,748-24,053-17,271-5,169-19,689-210,390
Change in Investments000000120000000120
cash flow from investments-35,546-7,322-22,207-36,445-306,44119,696-117,229-12,593-105,748-24,053-17,271-5,169-19,689-210,510
Financing Activities
Bank loans00000000000000
Group/Directors Accounts41,023-107,73749,81223,44330,596-159,221284,897777,697000-40,000040,000
Other Short Term Loans 00-63,85963,8590000000000
Long term loans-27,529-28,234-56,058-24,627151,874000000000
Hire Purchase and Lease Commitments00000004,762000000
other long term liabilities0000000-7,173-7,2596,835-1,978-18,275-57,25885,108
share issue000000121000000121
interest-1,782-4,438-8,407-10,461-5,126000000000
cash flow from financing11,712-140,409-78,51252,214177,344-159,221285,018775,286-7,2596,835-1,978-58,275-57,258125,229
cash and cash equivalents
cash24,637-30,88847,1810-2209000000
overdraft00000000000000
change in cash24,637-30,88847,1810-2209000000

bishopsgate 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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Bishopsgate Specsavers Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for bishopsgate 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.

bishopsgate specsavers limited Ownership

BISHOPSGATE SPECSAVERS LIMITED group structure

Bishopsgate Specsavers Limited has 1 subsidiary company.

Ultimate parent company

SPECSAVERS INTERNATIONAL HEALTHCARE LTD

#0029657

SPECSAVERS OPTICAL GROUP LTD

#0012239

2 parents

BISHOPSGATE SPECSAVERS LIMITED

06883151

1 subsidiary

BISHOPSGATE SPECSAVERS LIMITED Shareholders

specsavers uk holdings limited 50.21%
rajesh ramesh chandegra 24.9%
veronika nazarova 24.9%

bishopsgate specsavers limited directors

Bishopsgate Specsavers Limited currently has 2 directors. The longest serving directors include Miss Veronika Nazarova (Nov 2009) and Mr Rajesh Chandegra (Feb 2013).

officercountryagestartendrole
Miss Veronika NazarovaEngland54 years Nov 2009- Director
Mr Rajesh ChandegraEngland44 years Feb 2013- Director

P&L

February 2024

turnover

16.8k

-15%

operating profit

-84.1k

0%

gross margin

57%

-13.24%

turnover

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

Balance Sheet

February 2024

net assets

-104.2k

+4.68%

total assets

199.3k

-0.23%

cash

40.9k

+1.51%

net assets

Total assets minus all liabilities

bishopsgate specsavers limited company details

company number

06883151

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

April 2009

age

15

incorporated

UK

ultimate parent company

SPECSAVERS INTERNATIONAL HEALTHCARE LTD

accounts

Audit Exemption Subsidiary

last accounts submitted

February 2024

previous names

N/A

accountant

-

auditor

-

address

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

Bank

-

Legal Advisor

-

bishopsgate 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 bishopsgate specsavers limited.

bishopsgate 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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bishopsgate specsavers limited Companies House Filings - See Documents

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