Pomanda estimates the enterprise value of BIRD EYEWEAR LTD at £185.1k based on a Turnover of £496k and 0.37x industry multiple (adjusted for size and gross margin).
bird eyewear ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of BIRD EYEWEAR LTD at £0 based on an EBITDA of £-246.8k and a 3.55x industry multiple (adjusted for size and gross margin).
bird eyewear ltdEstimated Valuation
£1.4m
Pomanda estimates the enterprise value of BIRD EYEWEAR LTD at £1.4m based on Net Assets of £569.8k and 2.48x industry multiple (adjusted for liquidity).
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Bird Eyewear LtdOverview
Bird Eyewear Ltd is a live company located in devon, EX2 4DG with a Companies House number of 11118078. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in December 2017, it's largest shareholder is
edward bird
with a 41.9% stake. Bird Eyewear Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£496k with
rapid
growth in recent years.
Pomanda's financial health check has awarded Bird Eyewear Ltd 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
Health Rating3.5out of 5
3 Strong
2 Regular
7 Weak
Size
annual sales of £496k, make it smaller than the average company (£7.2m)
£496k - Bird Eyewear Ltd
£7.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 40%, show it is growing at a faster rate (17.1%)
40% - Bird Eyewear Ltd
17.1% - Industry AVG
Production
with a gross margin of 47.1%, this company has a comparable cost of product (47.1%)
47.1% - Bird Eyewear Ltd
47.1% - Industry AVG
Profitability
an operating margin of -52.4% make it less profitable than the average company (4.9%)
-52.4% - Bird Eyewear Ltd
4.9% - Industry AVG
Employees
with 6 employees, this is below the industry average (49)
6 - Bird Eyewear Ltd
49 - Industry AVG
Pay Structure
on an average salary of £24.6k, the company has an equivalent pay structure (£24.6k)
£24.6k - Bird Eyewear Ltd
£24.6k - Industry AVG
Efficiency
resulting in sales per employee of £82.7k, this is less efficient (£131.7k)
£82.7k - Bird Eyewear Ltd
£131.7k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is later than average (10 days)
18 days - Bird Eyewear Ltd
10 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (35 days)
26 days - Bird Eyewear Ltd
35 days - Industry AVG
Stock Days
it holds stock equivalent to 137 days, this is more than average (112 days)
137 days - Bird Eyewear Ltd
112 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 369 weeks, this is more cash available to meet short term requirements (19 weeks)
369 weeks - Bird Eyewear Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.9%, this is a lower level of debt than the average (68%)
9.9% - Bird Eyewear Ltd
68% - Industry AVG
BIRD EYEWEAR LTD financials
EXPORT
Bird Eyewear Ltd's latest turnover from April 2024 is estimated at £496 thousand and the company has net assets of £569.8 thousand. According to their latest financial statements, Bird Eyewear Ltd has 6 employees and maintains cash reserves of £410.8 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Turnover
496,021
678,484
294,462
180,778
134,798
49,846
Other Income Or Grants
Cost Of Sales
262,494
363,626
160,546
101,018
72,797
27,293
Gross Profit
233,527
314,857
133,916
79,760
62,001
22,553
Admin Expenses
493,242
347,416
275,548
138,133
101,981
22,484
Operating Profit
-259,715
-32,559
-141,632
-58,373
-39,980
69
Interest Payable
1,200
1,503
1,238
610
Interest Receivable
11,489
3,886
884
100
61
5
Pre-Tax Profit
-249,426
-30,177
-141,985
-58,883
-39,919
74
Tax
-14
Profit After Tax
-249,426
-30,177
-141,985
-58,883
-39,919
60
Dividends Paid
Retained Profit
-249,426
-30,177
-141,985
-58,883
-39,919
60
Employee Costs
147,420
136,776
86,937
81,083
61,011
20,112
Number Of Employees
6
6
4
4
3
1
EBITDA*
-246,769
-19,658
-141,632
-55,211
-38,760
1,414
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Tangible Assets
10,659
3,430
5,803
5,380
786
287
Intangible Assets
73,570
83,298
20,892
6,750
7,750
8,750
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
84,229
86,728
26,695
12,130
8,536
9,037
Stock & work in progress
99,000
43,129
78,901
43,011
13,123
5,121
Trade Debtors
25,579
65,054
15,200
7,133
3,750
Group Debtors
Misc Debtors
12,727
4,107
6,556
7,678
23,033
3,028
Cash
410,824
26,853
155,994
79,770
119,761
1,452
misc current assets
total current assets
548,130
139,143
256,651
137,592
159,667
9,601
total assets
632,359
225,871
283,346
149,722
168,203
18,638
Bank overdraft
Bank loan
Trade Creditors
19,337
13,489
33,991
13,449
1,650
2,817
Group/Directors Accounts
other short term finances
3,999
4,000
4,000
3,667
hp & lease commitments
other current liabilities
34,551
15,482
18,278
14,963
6,360
15,606
total current liabilities
57,887
32,971
56,269
32,079
8,010
18,423
loans
4,667
8,667
12,667
16,333
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
55
total long term liabilities
4,667
8,667
12,667
16,333
55
total liabilities
62,554
41,638
68,936
48,412
8,010
18,478
net assets
569,805
184,233
214,410
101,310
160,193
160
total shareholders funds
569,805
184,233
214,410
101,310
160,193
160
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Operating Activities
Operating Profit
-259,715
-32,559
-141,632
-58,373
-39,980
69
Depreciation
3,218
3,173
2,162
220
95
Amortisation
9,728
9,728
1,000
1,000
1,250
Tax
-14
Stock
55,871
-35,772
35,890
29,888
8,002
5,121
Debtors
-30,855
47,405
6,945
-11,972
23,755
3,028
Creditors
5,848
-20,502
20,542
11,799
-1,167
2,817
Accruals and Deferred Income
19,069
-2,796
3,315
8,603
-9,246
15,606
Deferred Taxes & Provisions
-55
55
Cash flow from operations
-246,868
-54,589
-160,610
-52,725
-80,985
11,729
Investing Activities
capital expenditure
-10,447
-72,934
-14,565
-6,756
-719
-10,382
Change in Investments
cash flow from investments
-10,447
-72,934
-14,565
-6,756
-719
-10,382
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-1
333
3,667
Long term loans
-4,000
-4,000
-3,666
16,333
Hire Purchase and Lease Commitments
other long term liabilities
share issue
634,998
255,085
199,952
100
interest
10,289
2,383
-354
-510
61
5
cash flow from financing
641,286
-1,617
251,398
19,490
200,013
105
cash and cash equivalents
cash
383,971
-129,141
76,224
-39,991
118,309
1,452
overdraft
change in cash
383,971
-129,141
76,224
-39,991
118,309
1,452
bird eyewear ltd 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 bird eyewear ltd. Get real-time insights into bird eyewear ltd's credit score, group structure and payment trends.
Perform a competitor analysis for bird eyewear ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in EX2 area or any other competitors across 12 key performance metrics.
bird eyewear ltd Ownership
BIRD EYEWEAR LTD group structure
Bird Eyewear Ltd has no subsidiary companies.
Ultimate parent company
BIRD EYEWEAR LTD
11118078
BIRD EYEWEAR LTD Shareholders
The largest shareholders in Bird Eyewear Ltd include Edward Bird and Suneil Setiya.
edward bird
41.87%
suneil setiya
15.79%
marchmont ventures lp
13.25%
wcs nominees limited
12.06%
lawrence stanley bird
5.23%
paul jacob bird
5.23%
worth capital limited
3.18%
lisa miller
1.66%
lex gp llp
0.48%
john sinclair
0.42%
bird eyewear ltd directors
Bird Eyewear Ltd currently has 5 directors.
The longest serving directors include
Mr Edward Bird (Dec 2017) and
Mr Matthew Cushen (Dec 2019).
47190 - Other retail sale in non-specialised stores
47710 - Retail sale of clothing in specialised stores
incorporation date
December 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
bird sunglasses ltd (January 2025)
accountant
THOMPSON JENNER LLP
auditor
-
address
1 colleton crescent, exeter, devon, EX2 4DG
Bank
-
Legal Advisor
-
bird eyewear ltd 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 bird eyewear ltd.
bird eyewear ltd 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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bird eyewear ltdCompanies House Filings - See Documents
