Newry Specsavers Limited

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newry specsavers limited Company Information

Company Number

NI033188

Next Accounts

Nov 2025

Directors

Sharon Fegan

Douglas Perkins

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Shareholders

specsavers uk holdings limited

michelle linden

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Group Structure

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Industry

Retail sale by opticians

Registered Address

unit 41, buttercrane centre, newry, co down, BT35 8HJ

Website

http://specsavers.co.uk/stores/newry

newry specsavers limited Estimated Valuation

£109.2k

Pomanda estimates the enterprise value of NEWRY SPECSAVERS LIMITED at £109.2k based on an EBITDA of £31.8k and a 3.44x industry multiple (adjusted for size and gross margin).

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Newry Specsavers Limited is a live company located in newry, BT35 8HJ with a Companies House number of NI033188. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in November 1997, it's largest shareholder is specsavers uk holdings limited with a 50% stake. Newry Specsavers Limited is a mature, micro sized company, Pomanda has estimated its turnover at £25.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Newry Specsavers Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

9 Weak

Size

annual sales of £25.2k, make it smaller than the average company (£4.1m)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (12.5%)

EXPORT

Newry Specsavers Limited's latest turnover from February 2024 is estimated at £25.2 thousand and the company has net assets of -£109.4 thousand. According to their latest financial statements, we estimate that Newry Specsavers Limited has 1 employee and maintains cash reserves of £52.2 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	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	25,205	25,111	26,439	34,407	30,107	35,641	30,332	5,233	1,719,103	611,116	274,643	449,105	505,687	420,434
Other Income Or Grants
Cost Of Sales	11,491	8,621	10,779	26,996	22,475	26,388	18,133	1,792	593,917	259,603	96,829	191,547	282,526	192,020
Gross Profit	13,714	16,489	15,659	7,410	7,633	9,252	12,199	3,440	1,125,186	351,513	177,815	257,558	223,161	228,415
Admin Expenses	42,704	-9,171	42,245	89,490	-56,328	-78,391	98,851	10,040	1,148,573	194,848	130,164	158,697	269,617	234,872	180,462
Operating Profit	-28,990	25,660	-26,586	-82,080	63,961	87,643	-86,652	-6,600	-23,387	156,665	47,651	98,861	-46,456	-6,457	-180,462
Interest Payable	10,193	3,179	2,204	2,247	9,063	10,656	2,810	4,481
Interest Receivable	4,001	3,744	218
Pre-Tax Profit	-35,182	26,225	-28,572	-84,327	54,898	76,986	-89,462	-11,081	-23,387	156,665	47,651	98,861	-46,456	-6,457	-180,462
Tax		-4,983			-10,431	-14,627				-32,900	-10,960	-23,727
Profit After Tax	-35,182	21,242	-28,572	-84,327	44,467	62,359	-89,462	-11,081	-23,387	123,765	36,691	75,134	-46,456	-6,457	-180,462
Dividends Paid
Retained Profit	-35,182	21,242	-28,572	-84,327	44,467	62,359	-89,462	-11,081	-23,387	123,765	36,691	75,134	-46,456	-6,457	-180,462
Employee Costs	30,939	31,656	29,810	24,910	22,943	23,599	24,644	22,515	465,580	153,786	65,179	121,985	137,162	119,499
Number Of Employees	1	1	1	1	1	1	1	1	18	7	3	6	7	6
EBITDA*	31,766	126,523	21,687	-24,443	113,550	138,005	-23,394	35,143	-4,978	184,525	75,992	126,939	-19,542	12,220	-159,342

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	288,720	122,647	141,485	138,234	183,290	169,436	167,074	211,311	33,853	49,563	65,587	85,128	97,440	91,152	46,386
Intangible Assets
Investments & Other	100	100	100	100	100		100	100	100	100	100	100	100	100	100
Debtors (Due After 1 year)		4,559	5,074	10,882	6,703		7,132	5,723	6,689	6,747	5,101
Total Fixed Assets	288,820	127,306	146,659	149,216	190,093	169,436	174,306	217,134	40,642	56,410	70,788	85,228	97,540	91,252	46,486
Stock & work in progress	32,777	29,233	35,465	34,188	32,856	37,578	37,837	36,852	30,280	32,961	25,226	28,257	24,977	25,943	21,665
Trade Debtors								34	91,341	35,761	14,503	24,059	22,000	20,489	21,411
Group Debtors	1,097	20,721	624	433	2,095		868	1,491
Misc Debtors	12,221	30,034	8,359	7,997	13,707		16,524	12,214							3,250
Cash	52,201	100,205	87,013
misc current assets
total current assets	98,296	180,193	131,461	42,618	48,658	51,332	55,229	50,591	121,621	68,722	39,729	52,316	46,977	46,432	46,326
total assets	387,116	307,499	278,120	191,834	238,751	220,768	229,535	267,725	162,263	125,132	110,517	137,544	144,517	137,684	92,812
Bank overdraft
Bank loan
Trade Creditors	10,544	13,076	13,972	17,238	8,826	13,869	11,369	15,699	177,630	105,978	211,210	282,997	359,225	317,447	268,643
Group/Directors Accounts	297,499	325,728	319,134	194,917	173,187		221,056	133,160
other short term finances						229,270	86,471	141,433
hp & lease commitments
other current liabilities	11,977	12,707	7,045	12,138			1	7,641
total current liabilities	320,020	351,511	340,151	224,293	182,013	247,771	318,897	297,933	177,630	105,978	211,210	282,997	359,225	317,447	268,643
loans	151,026	30,181	33,404	34,404	39,274			1,945
hp & lease commitments
Accruals and Deferred Income
other liabilities									5,705	16,839	20,757	12,688	18,567	7,056	4,531
provisions	25,445
total long term liabilities	176,471	30,181	33,404	34,404	39,274			1,945	5,705	16,839	20,757	12,688	18,567	7,056	4,531
total liabilities	496,491	381,692	373,555	258,697	221,287	247,771	318,897	299,878	183,335	122,817	231,967	295,685	377,792	324,503	273,174
net assets	-109,375	-74,193	-95,435	-66,863	17,464	-27,003	-89,362	-32,153	-21,072	2,315	-121,450	-158,141	-233,275	-186,819	-180,362
total shareholders funds	-109,375	-74,193	-95,435	-66,863	17,464	-27,003	-89,362	-32,153	-21,072	2,315	-121,450	-158,141	-233,275	-186,819	-180,362

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-28,990	25,660	-26,586	-82,080	63,961	87,643	-86,652	-6,600	-23,387	156,665	47,651	98,861	-46,456	-6,457	-180,462
Depreciation	60,756	100,863	48,273	57,637	49,589	50,362	63,258	41,743	18,409	27,860	28,341	28,078	26,914	18,677	21,120
Amortisation
Tax		-4,983			-10,431	-14,627				-32,900	-10,960	-23,727
Stock	3,544	-6,232	1,277	1,332	-4,722	-259	37,837	6,572	-2,681	7,735	-3,031	3,280	-966	4,278	21,665
Debtors	-41,996	41,257	-5,255	-3,193	22,505	-24,524	24,524	-78,568	55,522	22,904	-4,455	2,059	1,511	-4,172	24,661
Creditors	-2,532	-896	-3,266	8,412	-5,043	2,500	11,369	-161,931	71,652	-105,232	-71,787	-76,228	41,778	48,804	268,643
Accruals and Deferred Income	-730	5,662	-5,093	12,138		-1	1	7,641
Deferred Taxes & Provisions	25,445
Cash flow from operations	92,401	91,281	17,306	-2,032	80,293	150,660	-74,385	-47,151	13,833	15,754	731	21,645	21,691	60,918	62,975
Investing Activities
capital expenditure	-226,829	-82,025	-51,524	-12,581	-63,443	-52,724	-230,332	-219,201	-2,699	-11,836	-8,800	-15,766	-33,202	-63,443	-67,506
Change in Investments					100	-100	100								100
cash flow from investments	-226,829	-82,025	-51,524	-12,581	-63,543	-52,624	-230,432	-219,201	-2,699	-11,836	-8,800	-15,766	-33,202	-63,443	-67,606
Financing Activities
Bank loans
Group/Directors Accounts	-28,229	6,594	124,217	21,730	173,187	-221,056	221,056	133,160
Other Short Term Loans					-229,270	142,799	86,471	141,433
Long term loans	120,845	-3,223	-1,000	-4,870	39,274			1,945
Hire Purchase and Lease Commitments
other long term liabilities								-5,705	-11,134	-3,918	8,069	-5,879	11,511	2,525	4,531
share issue							100								100
interest	-6,192	565	-1,986	-2,247	-9,063	-10,656	-2,810	-4,481
cash flow from financing	86,424	3,936	121,231	14,613	-25,872	-88,913	304,817	266,352	-11,134	-3,918	8,069	-5,879	11,511	2,525	4,631
cash and cash equivalents
cash	-48,004	13,192	87,013
overdraft
change in cash	-48,004	13,192	87,013

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 newry specsavers limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in BT35 area or any other competitors across 12 key performance metrics.

NEWRY SPECSAVERS LIMITED group structure

Newry Specsavers Limited has 1 subsidiary company.

Ultimate parent company

NEWRY SPECSAVERS LIMITED

NI033188

1 subsidiary

NEWRY VISIONPLUS LIMITED

NI033190

NEWRY SPECSAVERS LIMITED Shareholders

specsavers uk holdings limited	50%
michelle linden	15%
william kevin stevenson	15%
sharon agnes fegan	10%
kerri rafferty	5%
alison margaret dunne	5%

Newry Specsavers Limited currently has 6 directors. The longest serving directors include Ms Sharon Fegan (Dec 2005) and Mr Douglas Perkins (Jan 2017).

officer	country	age	start	end	role
Ms Sharon Fegan		46 years	Dec 2005	-	Director
Mr Douglas Perkins		82 years	Jan 2017	-	Director
Mrs Michelle Linden	Northern Ireland	44 years	Jan 2017	-	Director
Mr William Stevenson		37 years	Dec 2021	-	Director
Ms Kerri Rafferty		33 years	Dec 2023	-	Director
Mr Paul Fussey	Guernsey	58 years	Dec 2023	-	Director

P&L

February 2024

turnover

25.2k

operating profit

-29k

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

-109.4k

+0.47%

total assets

387.1k

+0.26%

cash

52.2k

-0.48%

net assets

Total assets minus all liabilities

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company number

NI033188

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

November 1997

ultimate parent company

None

previous names

N/A

address

unit 41, buttercrane centre, newry, co down, BT35 8HJ

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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newry specsavers limited Company Information

newry specsavers limited Estimated Valuation

newry specsavers limited Estimated Valuation

newry specsavers limited Estimated Valuation

Newry Specsavers Limited Overview

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NEWRY SPECSAVERS LIMITED financials

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