mere green specsavers limited

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mere green specsavers limited Company Information

Share MERE GREEN SPECSAVERS LIMITED

Company Number

10333921

Shareholders

specsavers uk holdings limited

timothy james goodhew

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Group Structure

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Industry

Retail sale by opticians

 

Registered Address

forum 6 parkway, whiteley, fareham, PO15 7PA

mere green specsavers limited Estimated Valuation

£462k

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 limited Estimated 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 limited Estimated 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 Limited Overview

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.

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Mere Green Specsavers Limited Health Check

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 Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

6 Weak

size

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

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

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

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

Employees

with 20 employees, this is below the industry average (33)

20 - Mere Green Specsavers Limited

33 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £41.9k, this is less efficient (£102k)

£41.9k - Mere Green Specsavers Limited

£102k - Industry AVG

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Aug 2017
Turnover837,523574,364519,908524,589810,464656,549554,037312,799
Other Income Or Grants
Cost Of Sales381,838197,197211,972411,605605,001486,108331,20898,992
Gross Profit455,685377,168307,935112,984205,463170,441222,829213,808
Admin Expenses512,160304,538245,641165,16179,651123,246207,939237,663
Operating Profit-56,47572,63062,294-52,177125,81247,19514,890-23,855
Interest Payable1,0154684210145
Interest Receivable6,2905,07837058671432320122
Pre-Tax Profit-51,20077,66262,579-52,329126,33847,62715,210-23,733
Tax-14,756-11,890-24,004-9,049-2,890
Profit After Tax-51,20062,90650,689-52,329102,33438,57812,320-23,733
Dividends Paid
Retained Profit-51,20062,90650,689-52,329102,33438,57812,320-23,733
Employee Costs618,773633,122566,381448,374390,032353,990369,666186,726
Number Of Employees202019181715158
EBITDA*19,161107,242128,36713,552194,252110,48444,9298,885

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Aug 2017
Tangible Assets139,371170,65277,641126,687186,543239,892270,810298,501
Intangible Assets
Investments & Other
Debtors (Due After 1 year)16,1617,1593,4383,9971,297254
Total Fixed Assets139,371170,65293,802133,846189,981243,889272,107298,755
Stock & work in progress16,99517,89016,49016,90719,55718,91017,71117,796
Trade Debtors27,17427,53438,11925,04632,57126,08920,52215,931
Group Debtors2,31383,1792,6506,7291,9652,2231,097
Misc Debtors30,28338,96917,3866,0154,5273,7413,8171,075
Cash111,966127,642126,23921,64794,16384,70130,58097,499
misc current assets
total current assets188,731295,214200,88476,344152,783135,66473,727132,301
total assets328,102465,866294,686210,190342,764379,553345,834431,056
Bank overdraft
Bank loan
Trade Creditors 2,58830,3305,0432,5935,70036,0645,12913,739
Group/Directors Accounts100,449179,58790,40346,305115,833252,151283,584385,778
other short term finances
hp & lease commitments
other current liabilities58,09848,23959,39166,32865,02234,54531,69417,860
total current liabilities161,135258,156154,837115,226186,555322,760320,407417,377
loans17,1229242,5914,295
hp & lease commitments
Accruals and Deferred Income5,4448,65711,86915,08222,29429,50736,71937,291
other liabilities
provisions4,7157,243
total long term liabilities27,28116,82411,86917,67326,58929,50736,71937,291
total liabilities188,416274,980166,706132,899213,144352,267357,126454,668
net assets139,686190,886127,98077,291129,62027,286-11,292-23,612
total shareholders funds139,686190,886127,98077,291129,62027,286-11,292-23,612
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Aug 2017
Operating Activities
Operating Profit-56,47572,63062,294-52,177125,81247,19514,890-23,855
Depreciation75,63634,61266,07365,72968,44063,28930,03932,740
Amortisation
Tax-14,756-11,890-24,004-9,049-2,890
Stock-8951,400-417-2,6506471,199-8517,796
Debtors-89,91275,36629,3672,4486,4519,3179,47317,260
Creditors-27,74225,2872,450-3,107-30,36430,935-8,61013,739
Accruals and Deferred Income6,646-14,364-10,150-5,90623,264-4,36113,26255,151
Deferred Taxes & Provisions-2,5287,243
Cash flow from operations86,34433,88679,8274,741156,050117,49337,30342,719
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-79,13889,18444,098-69,528-136,318-31,433-102,194385,778
Other Short Term Loans
Long term loans16,198924-2,591-1,7044,295
Hire Purchase and Lease Commitments
other long term liabilities
share issue121
interest5,2755,032286-152526432320122
cash flow from financing-57,66595,14041,793-71,384-131,497-31,001-101,874386,021
cash and cash equivalents
cash-15,6761,403104,592-72,5169,46254,121-66,91997,499
overdraft
change in cash-15,6761,403104,592-72,5169,46254,121-66,91997,499

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
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Mere Green Specsavers Limited Competitor Analysis

competitor_analysis_table_img

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.

Ultimate parent company

2 parents

MERE GREEN SPECSAVERS LIMITED

10333921

MERE GREEN SPECSAVERS LIMITED Shareholders

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).

officercountryagestartendrole
Mr Timothy GoodhewUnited Kingdom56 years Jan 2017- Director
Mr Giles EdmondsEngland52 years Jan 2017- Director
Lakhdeep KaurEngland43 years Feb 2020- Director
Mr Andrew PennicottEngland42 years Mar 2022- Director
Mr Nigel ParkerGuernsey58 years Mar 2022- Director

P&L

February 2024

turnover

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 2024

net assets

139.7k

-0.27%

total assets

328.1k

-0.3%

cash

112k

-0.12%

net assets

Total assets minus all liabilities

mere green specsavers limited company details

company number

10333921

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

August 2016

age

9

incorporated

UK

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

-

mere green specsavers 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 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 limited Companies House Filings - See Documents

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