Bingham Specsavers Limited

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bingham specsavers limited Company Information

Live

YoungSmallHigh

Company Number

10434710

Next Accounts

Nov 2025

Industry

Retail sale by opticians

Directors

Simon Dunn

Douglas Perkins

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Shareholders

specsavers uk holdings limited

amit rana

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Group Structure

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Contact

Registered Address

forum 6, parkway, solent business park, fareham, PO15 7PA

Website

www.specsavers.co.uk

bingham specsavers limited Estimated Valuation

£360.1k

Pomanda estimates the enterprise value of BINGHAM SPECSAVERS LIMITED at £360.1k based on a Turnover of £645.4k and 0.56x industry multiple (adjusted for size and gross margin).

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Bingham Specsavers Limited is a live company located in fareham, PO15 7PA with a Companies House number of 10434710. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in October 2016, it's largest shareholder is specsavers uk holdings limited with a 50.2% stake. Bingham Specsavers Limited is a young, small sized company, Pomanda has estimated its turnover at £645.4k with high growth in recent years.

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Pomanda's financial health check has awarded Bingham Specsavers Limited a 3 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 Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £645.4k, make it smaller than the average company (£4.6m)

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (12.5%)

EXPORT

Bingham Specsavers Limited's latest turnover from February 2024 is estimated at £645.4 thousand and the company has net assets of £42.3 thousand. According to their latest financial statements, Bingham Specsavers Limited has 15 employees and maintains cash reserves of £59.2 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
Turnover	645,363	406,421	364,037	340,061	533,231	503,260	412,000
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	277,675	139,537	148,422	266,820	398,050	372,613	246,297
Gross Profit	367,688	266,884	215,615	73,241	135,181	130,647	165,703
Admin Expenses	371,618	285,538	182,422	32,199	81,438	120,973	209,848
Operating Profit	-3,930	-18,654	33,193	41,042	53,743	9,674	-44,145
Interest Payable	750	2,045	2,454	3,266	2,104	0	0
Interest Receivable	2,974	3,046	444	44	51	38	12
Pre-Tax Profit	-1,707	-17,653	31,183	37,820	51,690	9,712	-44,133
Tax	0	0	-5,925	-7,186	-9,821	-1,845	0
Profit After Tax	-1,707	-17,653	25,258	30,634	41,869	7,867	-44,133
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	-1,707	-17,653	25,258	30,634	41,869	7,867	-44,133
Employee Costs	477,043	474,841	417,333	298,916	275,317	283,192	271,088
Number Of Employees	15	15	14	12	12	12	11
EBITDA*	22,803	5,313	75,040	77,786	92,718	45,555	-8,260

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018
Tangible Assets	88,031	64,274	88,241	97,385	121,050	118,879	151,971
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	911	7,047	2,134	5,837	3,758	0	0
Total Fixed Assets	88,942	71,321	90,375	103,222	124,808	118,879	151,971
Stock & work in progress	19,334	20,504	24,961	22,247	27,375	29,753	31,356
Trade Debtors	21,126	14,370	18,175	14,621	18,699	18,229	15,640
Group Debtors	1,908	1,369	1,376	875	220	1,016	98
Misc Debtors	21,408	10,830	20,922	4,135	6,054	6,167	2,356
Cash	59,175	54,102	98,207	79,477	8,258	5,228	4,924
misc current assets	0	0	0	0	0	0	0
total current assets	122,951	101,175	163,641	121,355	60,606	60,393	54,374
total assets	211,893	172,496	254,016	224,577	185,414	179,272	206,345
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	2,555	2,904	4,031	7,899	6,020	5,581	3,761
Group/Directors Accounts	103,630	64,470	102,886	83,118	71,276	186,342	227,798
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	58,713	48,657	52,786	50,097	37,209	20,156	18,798
total current liabilities	164,898	116,031	159,703	141,114	114,505	212,079	250,357
loans	3,207	10,134	30,770	44,741	62,334	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	1,532	2,368	1,927	2,364	2,851	3,338	0
other liabilities	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0
total long term liabilities	4,739	12,502	32,697	47,105	65,185	3,338	0
total liabilities	169,637	128,533	192,400	188,219	179,690	215,417	250,357
net assets	42,256	43,963	61,616	36,358	5,724	-36,145	-44,012
total shareholders funds	42,256	43,963	61,616	36,358	5,724	-36,145	-44,012

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018
Operating Activities
Operating Profit	-3,930	-18,654	33,193	41,042	53,743	9,674	-44,145
Depreciation	26,733	23,967	41,847	36,744	38,975	35,881	35,885
Amortisation	0	0	0	0	0	0	0
Tax	0	0	-5,925	-7,186	-9,821	-1,845	0
Stock	-1,170	-4,457	2,714	-5,128	-2,378	-1,603	31,356
Debtors	11,737	-8,991	17,139	-3,263	3,319	7,318	18,094
Creditors	-349	-1,127	-3,868	1,879	439	1,820	3,761
Accruals and Deferred Income	9,220	-3,688	2,252	12,401	16,566	4,696	18,798
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	21,107	13,946	47,646	93,271	98,961	44,511	-35,151
Investing Activities
capital expenditure	-50,490	0	-32,703	-13,079	-41,146	-2,789	-187,856
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	-50,490	0	-32,703	-13,079	-41,146	-2,789	-187,856
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	39,160	-38,416	19,768	11,842	-115,066	-41,456	227,798
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	-6,927	-20,636	-13,971	-17,593	62,334	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	121
interest	2,224	1,001	-2,010	-3,222	-2,053	38	12
cash flow from financing	34,457	-58,051	3,787	-8,973	-54,785	-41,418	227,931
cash and cash equivalents
cash	5,073	-44,105	18,730	71,219	3,030	304	4,924
overdraft	0	0	0	0	0	0	0
change in cash	5,073	-44,105	18,730	71,219	3,030	304	4,924

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for bingham 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.

BINGHAM SPECSAVERS LIMITED group structure

Bingham Specsavers Limited has no subsidiary companies.

Ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

01721624

SPECSAVERS UK HOLDINGS LIMITED

10837649

2 parents

BINGHAM SPECSAVERS LIMITED

10434710

BINGHAM SPECSAVERS LIMITED Shareholders

specsavers uk holdings limited	50.21%
amit rana	24.9%
stephen christopher rogers	12.45%
simon john dunn	12.45%

Bingham Specsavers Limited currently has 5 directors. The longest serving directors include Mr Simon Dunn (Feb 2017) and Mr Douglas Perkins (Feb 2017).

officer	country	age	start	end	role
Mr Simon Dunn	England	58 years	Feb 2017	-	Director
Mr Douglas Perkins		81 years	Feb 2017	-	Director
Mr Amit Rana	United Kingdom	33 years	Feb 2017	-	Director
Mr Stephen Rogers	England	40 years	Feb 2017	-	Director
Mr Paul Carroll	United Kingdom	60 years	Jul 2022	-	Director

P&L

February 2024

turnover

645.4k

+59%

operating profit

-3.9k

gross margin

57%

-13.24%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

February 2024

net assets

42.3k

-0.04%

total assets

211.9k

+0.23%

cash

59.2k

+0.09%

net assets

Total assets minus all liabilities

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company number

10434710

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

October 2016

ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

previous names

N/A

address

forum 6, parkway, solent business park, fareham, PO15 7PA

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.

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bingham specsavers limited Company Information

bingham specsavers limited Estimated Valuation

bingham specsavers limited Estimated Valuation

bingham specsavers limited Estimated Valuation

Bingham Specsavers Limited Overview

Bingham Specsavers Limited Health Check

BINGHAM SPECSAVERS LIMITED financials

bingham specsavers limited Credit Report and Business Information

Bingham Specsavers Limited Competitor Analysis

bingham specsavers limited Ownership

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