
Company Number
10333921
Next Accounts
Nov 2025
Shareholders
specsavers uk holdings limited
timothy james goodhew
View AllGroup Structure
View All
Industry
Retail sale by opticians
Registered Address
forum 6 parkway, whiteley, fareham, PO15 7PA
Website
www.specsavers.co.ukPomanda 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).
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).
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 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
3 Strong
3 Regular
6 Weak
Size
annual sales of £837.5k, make it smaller than the average company (£4.1m)
- 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%)
- 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%)
- 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%)
- 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)
- Mere Green Specsavers Limited
£30.9k - Industry AVG
Efficiency
resulting in sales per employee of £41.9k, this is less efficient (£102k)
- Mere Green Specsavers Limited
£102k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is near the average (13 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)
- Mere Green Specsavers Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is less than average (60 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'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 | ||||||||
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 | 20 | 20 | 19 | 18 | 17 | 15 | 15 | 8 |
EBITDA* |
* 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 | ||||||||
Depreciation | 75,636 | 34,612 | 66,073 | 65,729 | 68,440 | 63,289 | 30,039 | 32,740 |
Amortisation | ||||||||
Tax | ||||||||
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 | ||||||||
Investing Activities | ||||||||
capital expenditure | ||||||||
Change in Investments | ||||||||
cash flow from investments | ||||||||
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 | ||||||||
interest | ||||||||
cash flow from financing | ||||||||
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 |
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 group structure
Mere Green Specsavers Limited has no subsidiary companies.
Ultimate parent company
2 parents
MERE GREEN SPECSAVERS LIMITED
10333921
Mere Green Specsavers Limited currently has 5 directors. The longest serving directors include Mr Timothy Goodhew (Jan 2017) and Mr Giles Edmonds (Jan 2017).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Timothy Goodhew | United Kingdom | 56 years | Jan 2017 | - | Director |
Mr Giles Edmonds | England | 52 years | Jan 2017 | - | Director |
Lakhdeep Kaur | England | 43 years | Feb 2020 | - | Director |
Mr Andrew Pennicott | England | 42 years | Mar 2022 | - | Director |
Mr Nigel Parker | Guernsey | 58 years | Mar 2022 | - | Director |
P&L
February 2024turnover
837.5k
+46%
operating profit
-56.5k
0%
gross margin
54.5%
-17.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
139.7k
-0.27%
total assets
328.1k
-0.3%
cash
112k
-0.12%
net assets
Total assets minus all liabilities
company number
10333921
Type
Private limited with Share Capital
industry
47782 - Retail sale by opticians
incorporation date
August 2016
age
9
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
forum 6 parkway, whiteley, fareham, PO15 7PA
Bank
-
Legal Advisor
-
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.
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