The Medical Eye Clinic Limited

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the medical eye clinic limited Company Information

Company Number

08676233

Next Accounts

May 2026

Directors

James Bill

Roland Ling

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Shareholders

athena vision limited

urmil bill

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Group Structure

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Industry

Specialist medical practice activities

Registered Address

unit 317, india mill business centre, darwen, lancashire, BB3 1AE

Website

www.medicaleyeclinic.co.uk

the medical eye clinic limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of THE MEDICAL EYE CLINIC LIMITED at £2m based on Net Assets of £906.6k and 2.24x industry multiple (adjusted for liquidity).

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The Medical Eye Clinic Limited is a live company located in darwen, BB3 1AE with a Companies House number of 08676233. It operates in the specialists medical practice activities sector, SIC Code 86220. Founded in September 2013, it's largest shareholder is athena vision limited with a 60% stake. The Medical Eye Clinic Limited is a established, small sized company, Pomanda has estimated its turnover at £946.9k with low growth in recent years.

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Pomanda's financial health check has awarded The Medical Eye Clinic Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £1.1m, make it larger than the average company (£484.7k)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (7.9%)

EXPORT

The Medical Eye Clinic Limited's latest turnover from August 2024 is estimated at £946.9 thousand and the company has net assets of £906.6 thousand. According to their latest financial statements, The Medical Eye Clinic Limited has 12 employees and maintains cash reserves of £857.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Turnover	946,944	1,087,278	1,784,510	1,490,665	907,880	365,146	250,094	246,868	431,574	602,319	1,296,061
Other Income Or Grants
Cost Of Sales	442,240	502,496	811,096	597,880	402,019	138,828	94,129	84,052	119,602	190,510	381,477
Gross Profit	504,703	584,781	973,413	892,785	505,860	226,318	155,965	162,816	311,971	411,810	914,584
Admin Expenses	566,435	596,738	546,764	216,211	164,606	298,393	252,117	302,915	261,451	382,564	936,431
Operating Profit	-61,732	-11,957	426,649	676,574	341,254	-72,075	-96,152	-140,099	50,520	29,246	-21,847
Interest Payable
Interest Receivable	39,223	39,269	25,599	3,657	275	62	575	517	180	161	76
Pre-Tax Profit	-22,509	27,312	452,248	680,231	341,528	-72,013	-95,577	-139,582	50,700	29,406	-21,771
Tax		-6,828	-85,927	-129,244	-64,890				-10,140	-5,881
Profit After Tax	-22,509	20,484	366,321	550,987	276,638	-72,013	-95,577	-139,582	40,560	23,525	-21,771
Dividends Paid
Retained Profit	-22,509	20,484	366,321	550,987	276,638	-72,013	-95,577	-139,582	40,560	23,525	-21,771
Employee Costs	359,717	364,218	353,412	431,570	157,200	127,947	132,333	122,793	133,960	59,244	717,313
Number Of Employees	12	12	12	16	6	5	5	5	5	2	24
EBITDA*	-34,665	59,151	492,703	732,486	389,058	43,374	17,684	-34,421	130,360	92,058	-21,847

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Tangible Assets	238,761	235,425	236,692	221,417	194,371	211,096	314,705	402,241	381,714	402,685	409,543
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	238,761	235,425	236,692	221,417	194,371	211,096	314,705	402,241	381,714	402,685	409,543
Stock & work in progress	76,779	76,754	73,652	23,443	31,857	18,967	18,036	24,170	33,641	19,145
Trade Debtors	115,068	151,623	286,693	191,251	149,747	44,320	25,094	25,292	65,077	102,855	83,386
Group Debtors
Misc Debtors	29,215	40,328	29,972	36,262	814	40,131	28,351	7,076	4,654
Cash	857,712	784,750	711,213	493,434	481,807	67,786	56,980	96,315	110,660	33,663	30,545
misc current assets
total current assets	1,078,774	1,053,455	1,101,530	744,390	664,225	171,204	128,461	152,853	214,032	155,663	113,931
total assets	1,317,535	1,288,880	1,338,222	965,807	858,596	382,300	443,166	555,094	595,746	558,348	523,474
Bank overdraft
Bank loan
Trade Creditors	121,447	102,972	162,723	216,829	168,535	40,098	26,513	40,148	17,238	59,518	545,237
Group/Directors Accounts
other short term finances
hp & lease commitments							33,990	40,788
other current liabilities	232,532	181,616	194,790	152,476	658,668	607,052	575,500	537,428	514,129	492,835
total current liabilities	353,979	284,588	357,513	369,305	827,203	647,150	636,003	618,364	531,367	552,353	545,237
loans
hp & lease commitments								33,990
Accruals and Deferred Income
other liabilities
provisions	56,969	54,712	51,613	33,727	19,605				22,057	4,233
total long term liabilities	56,969	54,712	51,613	33,727	19,605			33,990	22,057	4,233
total liabilities	410,948	339,300	409,126	403,032	846,808	647,150	636,003	652,354	553,424	556,586	545,237
net assets	906,587	949,580	929,096	562,775	11,788	-264,850	-192,837	-97,260	42,322	1,762	-21,763
total shareholders funds	906,587	949,580	929,096	562,775	11,788	-264,850	-192,837	-97,260	42,322	1,762	-21,763

	Aug 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Operating Activities
Operating Profit	-61,732	-11,957	426,649	676,574	341,254	-72,075	-96,152	-140,099	50,520	29,246	-21,847
Depreciation	27,067	71,108	66,054	55,912	47,804	115,449	113,836	105,678	79,840	62,812
Amortisation
Tax		-6,828	-85,927	-129,244	-64,890				-10,140	-5,881
Stock	3,127	3,102	50,209	-8,414	12,890	931	-6,134	-9,471	14,496	19,145
Debtors	-172,382	-124,714	89,152	76,952	66,110	31,006	21,077	-37,363	-33,124	19,469	83,386
Creditors	-41,276	-59,751	-54,106	48,294	128,437	13,585	-13,635	22,910	-42,280	-485,719	545,237
Accruals and Deferred Income	37,742	-13,174	42,314	-506,192	51,616	31,552	38,072	23,299	21,294	492,835
Deferred Taxes & Provisions	5,356	3,099	17,886	14,122	19,605			-22,057	17,824	4,233
Cash flow from operations	136,412	104,109	273,509	90,928	444,826	56,574	27,178	36,565	135,686	58,912	440,004
Investing Activities
capital expenditure	-29,136	-69,841	-81,329	-82,958	-31,079	-11,840	-26,300	-126,205	-58,869	-55,954	-409,543
Change in Investments
cash flow from investments	-29,136	-69,841	-81,329	-82,958	-31,079	-11,840	-26,300	-126,205	-58,869	-55,954	-409,543
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments						-33,990	-40,788	74,778
other long term liabilities
share issue											8
interest	39,223	39,269	25,599	3,657	275	62	575	517	180	161	76
cash flow from financing	39,223	39,269	25,599	3,657	275	-33,928	-40,213	75,295	180	161	84
cash and cash equivalents
cash	146,499	73,537	217,779	11,627	414,021	10,806	-39,335	-14,345	76,997	3,118	30,545
overdraft
change in cash	146,499	73,537	217,779	11,627	414,021	10,806	-39,335	-14,345	76,997	3,118	30,545

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THE MEDICAL EYE CLINIC LIMITED group structure

The Medical Eye Clinic Limited has no subsidiary companies.

Ultimate parent company

FIRST WAVE I LIMITED

12606791

ATHENA VISION LIMITED

13940750

2 parents

THE MEDICAL EYE CLINIC LIMITED

08676233

THE MEDICAL EYE CLINIC LIMITED Shareholders

athena vision limited	60%
urmil bill	10%
sophie ling	10%
roland haw luen ling	10%
deborah ann bill	9%
charles peter bill	1%

The Medical Eye Clinic Limited currently has 5 directors. The longest serving directors include Mr James Bill (Sep 2013) and Mr Roland Ling (Sep 2013).

officer	country	age	start	end	role
Mr James Bill	England	52 years	Sep 2013	-	Director
Mr Roland Ling		55 years	Sep 2013	-	Director
Mr Charles Bill		50 years	Sep 2013	-	Director
Mrs Sophie Ling	England	55 years	Dec 2014	-	Director
Mr Imran Hakim	England	47 years	Aug 2024	-	Director

P&L

August 2024

turnover

946.9k

-47%

operating profit

-61.7k

gross margin

53.3%

-2.29%

turnover

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

Balance Sheet

August 2024

net assets

906.6k

-0.02%

total assets

1.3m

-0.02%

cash

857.7k

+0.21%

net assets

Total assets minus all liabilities

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company number

08676233

Type

Private limited with Share Capital

industry

86220 - Specialist medical practice activities

incorporation date

September 2013

ultimate parent company

FIRST WAVE I LIMITED

previous names

N/A

address

unit 317, india mill business centre, darwen, lancashire, BB3 1AE

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the medical eye clinic limited Company Information

the medical eye clinic limited Estimated Valuation

the medical eye clinic limited Estimated Valuation

the medical eye clinic limited Estimated Valuation

The Medical Eye Clinic Limited Overview

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THE MEDICAL EYE CLINIC LIMITED financials

the medical eye clinic limited Credit Report and Business Information

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the medical eye clinic limited Capital Raised & Share Issues BETA

the medical eye clinic limited Companies House Filings - See Documents