quay eyeware limited
quay eyeware limited Company Information
Company Number
09957578
Next Accounts
Sep 2025
Industry
Other retail sale in non-specialised stores
Shareholders
quayeyeware pty ltd
Group Structure
View All
Contact
Registered Address
c/o tc group,, 3 acorn business centre, portsmouth, hampshire, PO6 3TH
quay eyeware limited Estimated Valuation
Pomanda estimates the enterprise value of QUAY EYEWARE LIMITED at £1.1m based on a Turnover of £2.7m and 0.42x industry multiple (adjusted for size and gross margin).
quay eyeware limited Estimated Valuation
Pomanda estimates the enterprise value of QUAY EYEWARE LIMITED at £0 based on an EBITDA of £-268.3k and a 4.08x industry multiple (adjusted for size and gross margin).
quay eyeware limited Estimated Valuation
Pomanda estimates the enterprise value of QUAY EYEWARE LIMITED at £0 based on Net Assets of £-545.1k and 3.2x industry multiple (adjusted for liquidity).
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Quay Eyeware Limited Overview
Quay Eyeware Limited is a live company located in portsmouth, PO6 3TH with a Companies House number of 09957578. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in January 2016, it's largest shareholder is quayeyeware pty ltd with a 100% stake. Quay Eyeware Limited is a young, small sized company, Pomanda has estimated its turnover at £2.7m with declining growth in recent years.
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Quay Eyeware Limited Health Check
Pomanda's financial health check has awarded Quay Eyeware Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £2.7m, make it larger than the average company (£1.3m)
- Quay Eyeware Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -26%, show it is growing at a slower rate (5.7%)
- Quay Eyeware Limited
5.7% - Industry AVG
Production
with a gross margin of 44.1%, this company has a comparable cost of product (44.1%)
- Quay Eyeware Limited
44.1% - Industry AVG
Profitability
an operating margin of -9.9% make it less profitable than the average company (4.8%)
- Quay Eyeware Limited
4.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (30)
3 - Quay Eyeware Limited
30 - Industry AVG
Pay Structure
on an average salary of £19.8k, the company has an equivalent pay structure (£19.8k)
- Quay Eyeware Limited
£19.8k - Industry AVG
Efficiency
resulting in sales per employee of £901.6k, this is more efficient (£96.8k)
- Quay Eyeware Limited
£96.8k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is later than average (10 days)
- Quay Eyeware Limited
10 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (33 days)
- Quay Eyeware Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 247 days, this is more than average (85 days)
- Quay Eyeware Limited
85 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 38 weeks, this is more cash available to meet short term requirements (24 weeks)
38 weeks - Quay Eyeware Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 107.2%, this is a higher level of debt than the average (67.6%)
107.2% - Quay Eyeware Limited
67.6% - Industry AVG
QUAY EYEWARE LIMITED financials
Quay Eyeware Limited's latest turnover from December 2023 is estimated at £2.7 million and the company has net assets of -£545.1 thousand. According to their latest financial statements, Quay Eyeware Limited has 3 employees and maintains cash reserves of £6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,879,433 | 5,246,415 | 6,731,571 | 6,612,668 | 155,672 | 0 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 3,468,086 | 3,918,323 | 3,725,739 | 3,492,376 | 49,005 | 0 | |||
| Gross Profit | 1,411,347 | 1,328,092 | 3,005,832 | 3,120,292 | 106,667 | 0 | |||
| Admin Expenses | 1,200,651 | 2,743,352 | 2,735,978 | 4,151,736 | 101,697 | 26,977 | |||
| Operating Profit | 210,696 | -1,415,260 | 269,854 | -1,031,444 | 4,970 | -26,977 | |||
| Interest Payable | 0 | 5,633 | 18,003 | 17,852 | 0 | 0 | |||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Pre-Tax Profit | 173,940 | 257,444 | 300,536 | -1,049,296 | 4,970 | -26,977 | |||
| Tax | -44,999 | 24,876 | -61,996 | 177,513 | 4,400 | 0 | |||
| Profit After Tax | 128,941 | 282,320 | 238,540 | -871,783 | 9,370 | -26,977 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | 128,941 | 282,320 | 238,540 | -871,783 | 9,370 | -26,977 | |||
| Employee Costs | |||||||||
| Number Of Employees | 3 | 4 | 5 | 20 | 11 | 11 | 6 | 7 | 4 |
| EBITDA* | 210,696 | -1,403,909 | 283,788 | -1,027,307 | 5,282 | -26,910 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 15,948 | 3,322 | 7,459 | 5,451 | 475 | 533 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 1,039 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 88,405 | 19,318 | 4,400 | 0 |
| Debtors (Due After 1 year) | 134,636 | 184,686 | 229,685 | 204,809 | 265,918 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 134,636 | 184,686 | 229,685 | 220,757 | 269,240 | 95,864 | 25,808 | 4,875 | 533 |
| Stock & work in progress | 1,024,836 | 2,017,255 | 1,937,006 | 2,510,636 | 4,355,621 | 2,001,078 | 2,654,416 | 65,650 | 0 |
| Trade Debtors | 261,481 | 333,150 | 331,116 | 63,323 | 564,041 | 521,357 | 224,338 | 32,827 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 155,202 | 77,682 | 105,351 | 205,916 | 792,205 | 125,195 | 69,564 | 3,040 | 2,773 |
| Cash | 5,985,457 | 5,134,867 | 5,762,588 | 6,877,023 | 2,517,535 | 1,138,902 | 182,468 | 227,298 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,426,976 | 7,562,954 | 8,136,061 | 9,656,898 | 8,229,402 | 3,786,532 | 3,130,786 | 328,815 | 2,773 |
| total assets | 7,561,612 | 7,747,640 | 8,365,746 | 9,877,655 | 8,498,642 | 3,882,396 | 3,156,594 | 333,690 | 3,306 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 92,542 | 85,955 | 177,257 | 370,593 | 62,041 | 115,324 | 22,245 | 115,102 | 0 |
| Group/Directors Accounts | 7,916,878 | 7,795,375 | 8,633,213 | 10,123,190 | 9,193,269 | 3,893,380 | 2,972,928 | 214,142 | 24,700 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 97,322 | 368,685 | 168,479 | 235,482 | 374,265 | 132,842 | 241,257 | 22,051 | 5,581 |
| total current liabilities | 8,106,742 | 8,250,015 | 8,978,949 | 10,729,265 | 9,629,575 | 4,141,546 | 3,236,430 | 351,295 | 30,281 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 8,106,742 | 8,250,015 | 8,978,949 | 10,729,265 | 9,629,575 | 4,141,546 | 3,236,430 | 351,295 | 30,281 |
| net assets | -545,130 | -502,375 | -613,203 | -851,610 | -1,130,933 | -259,150 | -79,836 | -17,605 | -26,975 |
| total shareholders funds | -545,130 | -502,375 | -613,203 | -851,610 | -1,130,933 | -259,150 | -79,836 | -17,605 | -26,975 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 210,696 | -1,415,260 | 269,854 | -1,031,444 | 4,970 | -26,977 | |||
| Depreciation | 0 | 0 | 11,351 | 13,934 | 4,137 | 4,240 | 906 | 312 | 67 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -44,999 | 24,876 | -61,996 | 177,513 | 4,400 | 0 | |||
| Stock | -992,419 | 80,249 | -573,630 | -1,844,985 | 2,354,543 | -653,338 | 2,588,766 | 65,650 | 0 |
| Debtors | -44,199 | -70,634 | 192,104 | -1,148,116 | 975,612 | 352,650 | 258,035 | 35,867 | 2,773 |
| Creditors | 6,587 | -91,302 | -193,336 | 308,552 | -53,283 | 93,079 | -92,857 | 115,102 | 0 |
| Accruals and Deferred Income | -271,363 | 200,206 | -67,003 | -138,783 | 241,423 | -108,415 | 219,206 | 22,051 | 5,581 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 264,986 | -1,257,846 | 3,384,662 | -3,991,809 | 45,318 | -24,102 | |||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | -88,405 | 69,087 | 14,918 | 4,400 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 121,503 | -837,838 | -1,489,977 | 929,921 | 5,299,889 | 920,452 | 2,758,786 | 214,142 | 24,700 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 0 | -5,633 | -18,003 | -17,852 | 0 | 0 | |||
| cash flow from financing | -855,951 | -1,539,523 | 952,701 | 5,282,037 | 187,167 | 24,702 | |||
| cash and cash equivalents | |||||||||
| cash | 850,590 | -627,721 | -1,114,435 | 4,359,488 | 1,378,633 | 956,434 | -44,830 | 227,298 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 850,590 | -627,721 | -1,114,435 | 4,359,488 | 1,378,633 | 956,434 | -44,830 | 227,298 | 0 |
quay eyeware limited Credit Report and Business Information
Quay Eyeware Limited Competitor Analysis
Perform a competitor analysis for quay eyeware limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in PO6 area or any other competitors across 12 key performance metrics.
quay eyeware limited Ownership
QUAY EYEWARE LIMITED group structure
Quay Eyeware Limited has no subsidiary companies.
Ultimate parent company
ELEVATE BRANDPARTNERS LP
#0063338
QUAYEYEWARE PTY LTD
#0129496
2 parents
QUAY EYEWARE LIMITED
09957578
quay eyeware limited directors
Quay Eyeware Limited currently has 2 directors. The longest serving directors include Mr Matthew Hamilton (Aug 2016) and Mr Myles McCormick (Aug 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Hamilton | England | 41 years | Aug 2016 | - | Director |
| Mr Myles McCormick | England | 53 years | Aug 2016 | - | Director |
P&L
December 2023turnover
2.7m
-45%
operating profit
-268.3k
0%
gross margin
44.2%
+52.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-545.1k
+0.09%
total assets
7.6m
-0.02%
cash
6m
+0.17%
net assets
Total assets minus all liabilities
quay eyeware limited company details
company number
09957578
Type
Private limited with Share Capital
industry
47190 - Other retail sale in non-specialised stores
incorporation date
January 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
c/o tc group,, 3 acorn business centre, portsmouth, hampshire, PO6 3TH
Bank
-
Legal Advisor
-
quay eyeware 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 quay eyeware limited.
quay eyeware 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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quay eyeware limited Companies House Filings - See Documents
| date | description | view/download |
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