Forfar Specsavers Limited

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forfar specsavers limited Company Information

Live

EstablishedMicroDeclining

Company Number

07028859

Next Accounts

Nov 2025

Industry

Retail sale by opticians

Directors

Blair Michie

Laura Stallerbrass

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Shareholders

specsavers uk holdings limited

laura marie stallerbrass

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Group Structure

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Contact

Registered Address

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

Website

www.specsavers.co.uk

forfar specsavers limited Estimated Valuation

£694.6k

Pomanda estimates the enterprise value of FORFAR SPECSAVERS LIMITED at £694.6k based on an EBITDA of £205.2k and a 3.39x industry multiple (adjusted for size and gross margin).

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Forfar Specsavers Limited is a live company located in fareham, PO15 7PA with a Companies House number of 07028859. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in September 2009, it's largest shareholder is specsavers uk holdings limited with a 50.2% stake. Forfar Specsavers Limited is a established, micro sized company, Pomanda has estimated its turnover at £10.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Forfar Specsavers Limited 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

Health Rating2out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £10.4k, make it smaller than the average company (£9.7m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (13%)

EXPORT

Forfar Specsavers Limited's latest turnover from February 2024 is estimated at £10.4 thousand and the company has net assets of -£133.7 thousand. According to their latest financial statements, we estimate that Forfar Specsavers Limited has 1 employee and maintains cash reserves of £31.3 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	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011
Turnover	10,420	8,839	9,098	12,326	18,866	13,127	13,344	14,872	43,164	1,691,035	117,638	217,437	174,824	412,810
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,483	3,035	3,709	9,671	14,083	9,720	7,977	7,207	13,772	719,348	60,587	119,688	99,089	231,110
Gross Profit	5,937	5,804	5,389	2,655	4,783	3,408	5,367	7,665	29,392	971,688	57,051	97,749	75,735	181,700
Admin Expenses	-112,010	-14,806	120,730	134,119	-320,806	140,848	6,461	-49,781	158,271	781,883	25,312	125,074	159,271	217,671
Operating Profit	117,947	20,610	-115,341	-131,464	325,589	-137,440	-1,094	57,446	-128,879	189,805	31,739	-27,325	-83,536	-35,971
Interest Payable	2,753	11,359	14,021	15,911	17,857	8,628	0	120	125	0	0	0	0	0
Interest Receivable	1,473	1,231	92	49	371	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	116,667	10,481	-129,270	-147,326	308,102	-146,068	-1,094	57,326	-129,004	189,805	31,739	-27,325	-83,536	-35,971
Tax	-29,167	-1,991	0	0	-58,539	0	0	-11,465	0	-39,859	-7,300	0	0	0
Profit After Tax	87,500	8,490	-129,270	-147,326	249,563	-146,068	-1,094	45,861	-129,004	149,946	24,439	-27,325	-83,536	-35,971
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	87,500	8,490	-129,270	-147,326	249,563	-146,068	-1,094	45,861	-129,004	149,946	24,439	-27,325	-83,536	-35,971
Employee Costs	32,667	31,656	29,810	24,910	22,943	23,599	24,644	22,987	22,190	415,745	43,653	61,985	38,806	98,331
Number Of Employees	1	1	1	1	1	1	1	1	1	17	2	3	2	5
EBITDA*	205,152	94,564	-38,887	-58,555	342,846	-130,875	7,607	72,816	-117,128	210,592	53,283	-2,178	-57,829	-19,449

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011
Tangible Assets	82,962	138,797	211,746	286,262	303,810	22,547	26,559	35,260	49,663	28,425	40,682	62,226	79,317	93,107
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	120	120	120	120	120	0	120	120	120	120	120	120	120	120
Debtors (Due After 1 year)	16,733	13,217	6,884	2,565	0	0	5,033	5,365	0	6,985	5,526	0	0	0
Total Fixed Assets	99,815	152,134	218,750	288,947	303,930	22,547	31,712	40,745	49,783	35,530	46,328	62,346	79,437	93,227
Stock & work in progress	18,031	15,521	17,674	17,462	18,905	23,009	25,255	24,118	19,514	20,750	19,738	15,828	13,625	18,729
Trade Debtors	0	0	0	0	0	0	0	0	0	91,333	5,018	8,948	6,988	20,952
Group Debtors	712	1,246	238	31,819	191,966	0	601	95	1,909	0	0	0	0	0
Misc Debtors	50,128	16,349	33,103	11,467	26,936	0	5,182	5,085	11,459	0	0	0	0	0
Cash	31,329	24,767	36,764	17	98,807	0	0	0	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	100,200	57,883	87,779	60,765	336,614	33,268	31,038	29,298	32,882	112,083	24,756	24,776	20,613	39,681
total assets	200,015	210,017	306,529	349,712	640,544	55,815	62,750	70,043	82,665	147,613	71,084	87,122	100,050	132,908
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	1,305	2,059	1,520	2,920	6,836	1,066	1,748	1,889	27,820	116,361	193,356	232,584	214,768	138,644
Group/Directors Accounts	296,864	348,268	293,326	152,777	282,376	0	117,263	119,199	147,187	0	0	0	0	0
other short term finances	0	0	68,225	65,354	0	255,651	0	0	3,835	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	1,318	2,260	0	0	0	0	0
other current liabilities	14,703	14,223	26,173	8,762	6,660	0	302	3,106	1,575	0	0	0	0	0
total current liabilities	312,872	364,550	389,244	229,813	295,872	258,446	119,313	125,512	182,677	116,361	193,356	232,584	214,768	138,644
loans	4,922	44,013	114,946	182,890	273,437	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	1,318	0	0	0	0	0
Accruals and Deferred Income	15,895	22,628	32,003	37,403	24,303	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	3,578	0	1,249	4,668	27,756
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	2,358
total long term liabilities	20,817	66,641	146,949	220,293	297,740	0	0	0	1,318	3,578	0	1,249	4,668	30,114
total liabilities	333,689	431,191	536,193	450,106	593,612	258,446	119,313	125,512	183,995	119,939	193,356	233,833	219,436	168,758
net assets	-133,674	-221,174	-229,664	-100,394	46,932	-202,631	-56,563	-55,469	-101,330	27,674	-122,272	-146,711	-119,386	-35,850
total shareholders funds	-133,674	-221,174	-229,664	-100,394	46,932	-202,631	-56,563	-55,469	-101,330	27,674	-122,272	-146,711	-119,386	-35,850

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011
Operating Activities
Operating Profit	117,947	20,610	-115,341	-131,464	325,589	-137,440	-1,094	57,446	-128,879	189,805	31,739	-27,325	-83,536	-35,971
Depreciation	87,205	73,954	76,454	72,909	17,257	6,565	8,701	15,370	11,751	20,787	21,544	25,147	25,707	16,522
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-29,167	-1,991	0	0	-58,539	0	0	-11,465	0	-39,859	-7,300	0	0	0
Stock	2,510	-2,153	212	-1,443	-4,104	-2,246	1,137	4,604	-1,236	1,012	3,910	2,203	-5,104	18,729
Debtors	36,761	-9,413	-5,626	-173,051	218,902	-10,816	271	-2,823	-84,950	87,774	1,596	1,960	-13,964	20,952
Creditors	-754	539	-1,400	-3,916	5,770	-682	-141	-25,931	-88,541	-76,995	-39,228	17,816	76,124	138,644
Accruals and Deferred Income	-6,253	-21,325	12,011	15,202	30,963	-302	-2,804	1,531	1,575	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	-2,358	2,358
Cash flow from operations	129,707	83,353	-22,862	127,225	106,242	-118,797	3,254	35,170	-117,908	4,952	1,249	11,475	35,005	81,872
Investing Activities
capital expenditure	-31,370	-1,005	-1,938	-55,361	-298,520	-2,553	0	-967	-32,989	-8,530	0	-8,056	-11,917	-109,629
Change in Investments	0	0	0	0	120	-120	0	0	0	0	0	0	0	120
cash flow from investments	-31,370	-1,005	-1,938	-55,361	-298,640	-2,433	0	-967	-32,989	-8,530	0	-8,056	-11,917	-109,749
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-51,404	54,942	140,549	-129,599	282,376	-117,263	-1,936	-27,988	147,187	0	0	0	0	0
Other Short Term Loans	0	-68,225	2,871	65,354	-255,651	255,651	0	-3,835	3,835	0	0	0	0	0
Long term loans	-39,091	-70,933	-67,944	-90,547	273,437	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	-1,318	-2,260	3,578	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-3,578	3,578	-1,249	-3,419	-23,088	27,756
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	121
interest	-1,280	-10,128	-13,929	-15,862	-17,486	-8,628	0	-120	-125	0	0	0	0	0
cash flow from financing	-91,775	-94,344	61,547	-170,654	282,676	129,760	-3,254	-34,203	150,897	3,578	-1,249	-3,419	-23,088	27,877
cash and cash equivalents
cash	6,562	-11,997	36,747	-98,790	98,807	0	0	0	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	6,562	-11,997	36,747	-98,790	98,807	0	0	0	0	0	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for forfar 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.

FORFAR SPECSAVERS LIMITED group structure

Forfar Specsavers Limited has 1 subsidiary company.

Ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

01721624

SPECSAVERS UK HOLDINGS LIMITED

10837649

2 parents

FORFAR SPECSAVERS LIMITED

07028859

1 subsidiary

FORFAR VISIONPLUS LIMITED

07028756

FORFAR SPECSAVERS LIMITED Shareholders

specsavers uk holdings limited	50.21%
laura marie stallerbrass	24.9%
blair david michie	24.9%

Forfar Specsavers Limited currently has 3 directors. The longest serving directors include Mr Blair Michie (Feb 2010) and Miss Laura Stallerbrass (Dec 2018).

officer	country	age	start	end	role
Mr Blair Michie	United Kingdom	42 years	Feb 2010	-	Director
Miss Laura Stallerbrass	Scotland	38 years	Dec 2018	-	Director
Mrs Mary Perkins	Guernsey	80 years	Sep 2021	-	Director

P&L

February 2024

turnover

10.4k

+18%

operating profit

117.9k

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

-133.7k

-0.4%

total assets

200k

-0.05%

cash

31.3k

+0.26%

net assets

Total assets minus all liabilities

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company number

07028859

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

September 2009

ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

previous names

N/A

address

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

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.

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forfar specsavers limited Company Information

forfar specsavers limited Estimated Valuation

forfar specsavers limited Estimated Valuation

forfar specsavers limited Estimated Valuation

Forfar Specsavers Limited Overview

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FORFAR SPECSAVERS LIMITED financials

forfar specsavers limited Credit Report and Business Information

Forfar Specsavers Limited Competitor Analysis

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forfar specsavers limited Companies House Filings - See Documents