Pomanda estimates the enterprise value of MERE GREEN SPECSAVERS LIMITED at £462k based on a Turnover of £837.5k and 0.55x industry multiple (adjusted for size and gross margin).
mere green specsavers limitedEstimated Valuation
£66.6k
Pomanda estimates the enterprise value of MERE GREEN SPECSAVERS LIMITED at £66.6k based on an EBITDA of £19.2k and a 3.47x industry multiple (adjusted for size and gross margin).
mere green specsavers limitedEstimated Valuation
£388.5k
Pomanda estimates the enterprise value of MERE GREEN SPECSAVERS LIMITED at £388.5k based on Net Assets of £139.7k and 2.78x industry multiple (adjusted for liquidity).
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Mere Green Specsavers LimitedOverview
Mere Green Specsavers Limited is a live company located in fareham, PO15 7PA with a Companies House number of 10333921. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in August 2016, it's largest shareholder is
specsavers uk holdings limited
with a 50.2% stake. Mere Green Specsavers Limited is a young,
small sized company, Pomanda has estimated its turnover at
£837.5k with
high
growth in recent years.
Pomanda's financial health check has awarded Mere Green Specsavers Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
3 Regular
6 Weak
Size
annual sales of £837.5k, make it smaller than the average company (£4.1m)
£837.5k - Mere Green Specsavers Limited
£4.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (12.5%)
17% - Mere Green Specsavers Limited
12.5% - Industry AVG
Production
with a gross margin of 54.4%, this company has a higher cost of product (68.1%)
54.4% - Mere Green Specsavers Limited
68.1% - Industry AVG
Profitability
an operating margin of -6.7% make it less profitable than the average company (5.5%)
-6.7% - Mere Green Specsavers Limited
5.5% - Industry AVG
Employees
with 20 employees, this is below the industry average (33)
20 - Mere Green Specsavers Limited
33 - Industry AVG
Pay Structure
on an average salary of £30.9k, the company has an equivalent pay structure (£30.9k)
£30.9k - Mere Green Specsavers Limited
£30.9k - Industry AVG
Efficiency
resulting in sales per employee of £41.9k, this is less efficient (£102k)
£41.9k - Mere Green Specsavers Limited
£102k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is near the average (13 days)
11 days - Mere Green Specsavers Limited
13 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (43 days)
2 days - Mere Green Specsavers Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is less than average (60 days)
16 days - Mere Green Specsavers Limited
60 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 36 weeks, this is more cash available to meet short term requirements (12 weeks)
36 weeks - Mere Green Specsavers Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57.4%, this is a similar level of debt than the average (58.8%)
57.4% - Mere Green Specsavers Limited
58.8% - Industry AVG
MERE GREEN SPECSAVERS LIMITED financials
EXPORT
Mere Green Specsavers Limited's latest turnover from February 2024 is estimated at £837.5 thousand and the company has net assets of £139.7 thousand. According to their latest financial statements, Mere Green Specsavers Limited has 20 employees and maintains cash reserves of £112 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
Aug 2017
Turnover
837,523
574,364
519,908
524,589
810,464
656,549
554,037
312,799
Other Income Or Grants
Cost Of Sales
381,838
197,197
211,972
411,605
605,001
486,108
331,208
98,992
Gross Profit
455,685
377,168
307,935
112,984
205,463
170,441
222,829
213,808
Admin Expenses
512,160
304,538
245,641
165,161
79,651
123,246
207,939
237,663
Operating Profit
-56,475
72,630
62,294
-52,177
125,812
47,195
14,890
-23,855
Interest Payable
1,015
46
84
210
145
Interest Receivable
6,290
5,078
370
58
671
432
320
122
Pre-Tax Profit
-51,200
77,662
62,579
-52,329
126,338
47,627
15,210
-23,733
Tax
-14,756
-11,890
-24,004
-9,049
-2,890
Profit After Tax
-51,200
62,906
50,689
-52,329
102,334
38,578
12,320
-23,733
Dividends Paid
Retained Profit
-51,200
62,906
50,689
-52,329
102,334
38,578
12,320
-23,733
Employee Costs
618,773
633,122
566,381
448,374
390,032
353,990
369,666
186,726
Number Of Employees
20
20
19
18
17
15
15
8
EBITDA*
19,161
107,242
128,367
13,552
194,252
110,484
44,929
8,885
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Aug 2017
Tangible Assets
139,371
170,652
77,641
126,687
186,543
239,892
270,810
298,501
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
16,161
7,159
3,438
3,997
1,297
254
Total Fixed Assets
139,371
170,652
93,802
133,846
189,981
243,889
272,107
298,755
Stock & work in progress
16,995
17,890
16,490
16,907
19,557
18,910
17,711
17,796
Trade Debtors
27,174
27,534
38,119
25,046
32,571
26,089
20,522
15,931
Group Debtors
2,313
83,179
2,650
6,729
1,965
2,223
1,097
Misc Debtors
30,283
38,969
17,386
6,015
4,527
3,741
3,817
1,075
Cash
111,966
127,642
126,239
21,647
94,163
84,701
30,580
97,499
misc current assets
total current assets
188,731
295,214
200,884
76,344
152,783
135,664
73,727
132,301
total assets
328,102
465,866
294,686
210,190
342,764
379,553
345,834
431,056
Bank overdraft
Bank loan
Trade Creditors
2,588
30,330
5,043
2,593
5,700
36,064
5,129
13,739
Group/Directors Accounts
100,449
179,587
90,403
46,305
115,833
252,151
283,584
385,778
other short term finances
hp & lease commitments
other current liabilities
58,098
48,239
59,391
66,328
65,022
34,545
31,694
17,860
total current liabilities
161,135
258,156
154,837
115,226
186,555
322,760
320,407
417,377
loans
17,122
924
2,591
4,295
hp & lease commitments
Accruals and Deferred Income
5,444
8,657
11,869
15,082
22,294
29,507
36,719
37,291
other liabilities
provisions
4,715
7,243
total long term liabilities
27,281
16,824
11,869
17,673
26,589
29,507
36,719
37,291
total liabilities
188,416
274,980
166,706
132,899
213,144
352,267
357,126
454,668
net assets
139,686
190,886
127,980
77,291
129,620
27,286
-11,292
-23,612
total shareholders funds
139,686
190,886
127,980
77,291
129,620
27,286
-11,292
-23,612
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Aug 2017
Operating Activities
Operating Profit
-56,475
72,630
62,294
-52,177
125,812
47,195
14,890
-23,855
Depreciation
75,636
34,612
66,073
65,729
68,440
63,289
30,039
32,740
Amortisation
Tax
-14,756
-11,890
-24,004
-9,049
-2,890
Stock
-895
1,400
-417
-2,650
647
1,199
-85
17,796
Debtors
-89,912
75,366
29,367
2,448
6,451
9,317
9,473
17,260
Creditors
-27,742
25,287
2,450
-3,107
-30,364
30,935
-8,610
13,739
Accruals and Deferred Income
6,646
-14,364
-10,150
-5,906
23,264
-4,361
13,262
55,151
Deferred Taxes & Provisions
-2,528
7,243
Cash flow from operations
86,344
33,886
79,827
4,741
156,050
117,493
37,303
42,719
Investing Activities
capital expenditure
-44,355
-127,623
-17,027
-5,873
-15,091
-32,371
-2,348
-331,241
Change in Investments
cash flow from investments
-44,355
-127,623
-17,027
-5,873
-15,091
-32,371
-2,348
-331,241
Financing Activities
Bank loans
Group/Directors Accounts
-79,138
89,184
44,098
-69,528
-136,318
-31,433
-102,194
385,778
Other Short Term Loans
Long term loans
16,198
924
-2,591
-1,704
4,295
Hire Purchase and Lease Commitments
other long term liabilities
share issue
121
interest
5,275
5,032
286
-152
526
432
320
122
cash flow from financing
-57,665
95,140
41,793
-71,384
-131,497
-31,001
-101,874
386,021
cash and cash equivalents
cash
-15,676
1,403
104,592
-72,516
9,462
54,121
-66,919
97,499
overdraft
change in cash
-15,676
1,403
104,592
-72,516
9,462
54,121
-66,919
97,499
mere green specsavers limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for mere green specsavers limited. Get real-time insights into mere green specsavers limited's credit score, group structure and payment trends.
Perform a competitor analysis for mere green specsavers 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 PO15 area or any other competitors across 12 key performance metrics.
mere green specsavers limited Ownership
MERE GREEN SPECSAVERS LIMITED group structure
Mere Green Specsavers Limited has no subsidiary companies.
The largest shareholders in Mere Green Specsavers Limited include Specsavers Uk Holdings Limited and Timothy James Goodhew.
specsavers uk holdings limited
50.21%
timothy james goodhew
19.92%
giles stuart rutherford edmonds
19.92%
andrew george pennicott
4.98%
lakhdeep kaur
4.98%
mere green specsavers limited directors
Mere Green Specsavers Limited currently has 5 directors.
The longest serving directors include
Mr Timothy Goodhew (Jan 2017) and
Mr Giles Edmonds (Jan 2017).
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 mere green specsavers limited.
mere green 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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mere green specsavers limitedCompanies House Filings - See Documents
