itec optical labs ltd.
itec optical labs ltd. Company Information
Company Number
09266110
Website
www.itecoptical.co.ukRegistered Address
unit h12, park avenue industrial estate, luton, beds, LU3 3BP
Industry
Other manufacturing n.e.c.
Telephone
01582594405
Next Accounts Due
September 2024
Group Structure
View All
Directors
Zerrin Pekri9 Years
Shareholders
zerrin pekri 76%
leonard doherty 14%
View Allitec optical labs ltd. Estimated Valuation
Pomanda estimates the enterprise value of ITEC OPTICAL LABS LTD. at £387.5k based on a Turnover of £781.9k and 0.5x industry multiple (adjusted for size and gross margin).
itec optical labs ltd. Estimated Valuation
Pomanda estimates the enterprise value of ITEC OPTICAL LABS LTD. at £0 based on an EBITDA of £-71.5k and a 3.53x industry multiple (adjusted for size and gross margin).
itec optical labs ltd. Estimated Valuation
Pomanda estimates the enterprise value of ITEC OPTICAL LABS LTD. at £0 based on Net Assets of £-357.1k and 1.86x industry multiple (adjusted for liquidity).
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Itec Optical Labs Ltd. Overview
Itec Optical Labs Ltd. is a live company located in luton, LU3 3BP with a Companies House number of 09266110. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in October 2014, it's largest shareholder is zerrin pekri with a 76% stake. Itec Optical Labs Ltd. is a established, small sized company, Pomanda has estimated its turnover at £781.9k with low growth in recent years.
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Itec Optical Labs Ltd. Health Check
Pomanda's financial health check has awarded Itec Optical Labs Ltd. a 1.5 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
1 Regular
7 Weak
Size
annual sales of £781.9k, make it smaller than the average company (£13.3m)
- Itec Optical Labs Ltd.
£13.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (2.4%)
- Itec Optical Labs Ltd.
2.4% - Industry AVG
Production
with a gross margin of 19.8%, this company has a higher cost of product (29.5%)
- Itec Optical Labs Ltd.
29.5% - Industry AVG
Profitability
an operating margin of -9.1% make it less profitable than the average company (6.1%)
- Itec Optical Labs Ltd.
6.1% - Industry AVG
Employees
with 10 employees, this is below the industry average (72)
10 - Itec Optical Labs Ltd.
72 - Industry AVG
Pay Structure
on an average salary of £40.1k, the company has an equivalent pay structure (£40.1k)
- Itec Optical Labs Ltd.
£40.1k - Industry AVG
Efficiency
resulting in sales per employee of £78.2k, this is less efficient (£175.8k)
- Itec Optical Labs Ltd.
£175.8k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is earlier than average (56 days)
- Itec Optical Labs Ltd.
56 days - Industry AVG
Creditor Days
its suppliers are paid after 149 days, this is slower than average (42 days)
- Itec Optical Labs Ltd.
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Itec Optical Labs Ltd.
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Itec Optical Labs Ltd.
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 512.8%, this is a higher level of debt than the average (50.3%)
512.8% - Itec Optical Labs Ltd.
50.3% - Industry AVG
ITEC OPTICAL LABS LTD. financials
Itec Optical Labs Ltd.'s latest turnover from December 2022 is estimated at £781.9 thousand and the company has net assets of -£357.1 thousand. According to their latest financial statements, Itec Optical Labs Ltd. has 10 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 10 | 10 | 10 | 10 | 9 | 8 | 7 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,810 | 5,253 | 8,485 | 10,742 | 14,138 | 22,167 | 23,250 | 31,409 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,810 | 5,253 | 8,485 | 10,742 | 14,138 | 22,167 | 23,250 | 31,409 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 9,699 | 7,764 |
| Trade Debtors | 82,681 | 138,998 | 153,397 | 118,552 | 171,716 | 142,592 | 94,904 | 79,744 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 8,981 | 1,425 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 3,316 | 6,063 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 82,681 | 138,998 | 153,397 | 118,552 | 171,716 | 142,592 | 116,900 | 94,996 |
| total assets | 86,491 | 144,251 | 161,882 | 129,294 | 185,854 | 164,759 | 140,150 | 126,405 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 256,501 | 236,650 | 186,650 | 176,208 | 208,326 | 179,555 | 130,736 | 105,816 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 4,741 | 4,321 |
| total current liabilities | 256,501 | 236,650 | 186,650 | 176,208 | 208,326 | 179,555 | 135,477 | 110,137 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 182,289 | 123,299 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 187,045 | 193,180 | 223,838 | 185,445 | 196,264 | 190,664 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 187,045 | 193,180 | 223,838 | 185,445 | 196,264 | 190,664 | 182,289 | 123,299 |
| total liabilities | 443,546 | 429,830 | 410,488 | 361,653 | 404,590 | 370,219 | 317,766 | 233,436 |
| net assets | -357,055 | -285,579 | -248,606 | -232,359 | -218,736 | -205,460 | -177,616 | -107,031 |
| total shareholders funds | -357,055 | -285,579 | -248,606 | -232,359 | -218,736 | -205,460 | -177,616 | -107,031 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 8,458 | 4,433 | ||||||
| Amortisation | 0 | 0 | ||||||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | -9,699 | 1,935 | 7,764 |
| Debtors | -56,317 | -14,399 | 34,845 | -53,164 | 29,124 | 38,707 | 22,716 | 81,169 |
| Creditors | 19,851 | 50,000 | 10,442 | -32,118 | 28,771 | 48,819 | 24,920 | 105,816 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | -4,741 | 420 | 4,321 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -182,289 | 58,990 | 123,299 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -6,135 | -30,658 | 38,393 | -10,819 | 5,600 | 190,664 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | -3,316 | -2,747 | 6,063 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | -3,316 | -2,747 | 6,063 |
itec optical labs ltd. Credit Report and Business Information
Itec Optical Labs Ltd. Competitor Analysis
Perform a competitor analysis for itec optical labs ltd. by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in LU3 area or any other competitors across 12 key performance metrics.
itec optical labs ltd. Ownership
ITEC OPTICAL LABS LTD. group structure
Itec Optical Labs Ltd. has no subsidiary companies.
Ultimate parent company
ITEC OPTICAL LABS LTD.
09266110
itec optical labs ltd. directors
Itec Optical Labs Ltd. currently has 1 director, Miss Zerrin Pekri serving since Oct 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Zerrin Pekri | 65 years | Oct 2014 | - | Director |
P&L
December 2022turnover
781.9k
-7%
operating profit
-71.5k
0%
gross margin
19.8%
+1.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-357.1k
+0.25%
total assets
86.5k
-0.4%
cash
0
0%
net assets
Total assets minus all liabilities
itec optical labs ltd. company details
company number
09266110
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
October 2014
age
10
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
unit h12, park avenue industrial estate, luton, beds, LU3 3BP
accountant
-
auditor
-
itec optical labs ltd. 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 itec optical labs ltd..
itec optical labs ltd. Companies House Filings - See Documents
| date | description | view/download |
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