Abbey Centre Visionplus Limited

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abbey centre visionplus limited Company Information

Live

MatureSmallLow

Company Number

NI046672

Website

www.abbeycentreshopping.co.uk

Registered Address

abbeycentre, 35-37 longwood road, newtownabbey, BT37 9UH

Industry

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

Telephone

02890868018

Next Accounts Due

November 2024

Group Structure

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Directors

James McGinn21 Years

Darryl Marshall2 Years

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Shareholders

abbey centre specsavers limited 99.6%

specsavers uk holdings ltd & abbey centre specsavers ltd 0.4%

abbey centre visionplus limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of ABBEY CENTRE VISIONPLUS LIMITED at £1.6m based on Net Assets of £514.5k and 3.08x industry multiple (adjusted for liquidity).

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Abbey Centre Visionplus Limited is a live company located in newtownabbey, BT37 9UH with a Companies House number of NI046672. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in May 2003, it's largest shareholder is abbey centre specsavers limited with a 99.6% stake. Abbey Centre Visionplus Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with low growth in recent years.

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Pomanda's financial health check has awarded Abbey Centre Visionplus Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

5 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£7.2m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (4.2%)

EXPORT

Abbey Centre Visionplus Limited's latest turnover from February 2023 is estimated at £1.2 million and the company has net assets of £514.5 thousand. According to their latest financial statements, Abbey Centre Visionplus Limited has 43 employees and maintains cash reserves of £361.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	1,183,150	910,727	769,702	1,054,440	878,042	864,152	888,635	1,114,790	1,256,616	1,484,913	2,245,182	2,449,540	3,157,525	1,484,086	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	839,228	643,619	564,354	769,905	628,027	611,357	626,467	815,041	918,692	1,113,773	1,645,047	1,774,176	2,285,109	1,067,730	0
Gross Profit	343,922	267,108	205,348	284,534	250,015	252,795	262,168	299,749	337,924	371,140	600,134	675,364	872,416	416,356	0
Admin Expenses	835,056	107,031	-466,568	250,054	190,391	205,566	246,973	276,017	155,105	346,778	316,573	1,345,646	386,655	761,710	-599,721
Operating Profit	-491,134	160,077	671,916	34,480	59,624	47,229	15,195	23,732	182,819	24,362	283,561	-670,282	485,761	-345,354	599,721
Interest Payable	0	0	0	0	0	47	46	0	0	0	0	0	0	0	0
Interest Receivable	19,521	2,901	386	1,914	1,828	995	385	142	0	0	0	0	0	0	0
Pre-Tax Profit	-471,613	162,978	672,302	36,394	61,452	48,177	15,535	23,874	182,819	24,362	283,561	-670,282	485,761	-345,354	599,721
Tax	0	-30,966	-127,737	-6,915	-11,676	-9,154	-2,952	-4,775	-36,564	-5,116	-65,219	0	-126,298	0	-167,922
Profit After Tax	-471,613	132,012	544,565	29,479	49,776	39,023	12,583	19,099	146,255	19,246	218,342	-670,282	359,463	-345,354	431,799
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-471,613	132,012	544,565	29,479	49,776	39,023	12,583	19,099	146,255	19,246	218,342	-670,282	359,463	-345,354	431,799
Employee Costs	1,098,650	911,657	777,257	856,119	782,242	757,265	708,643	685,237	114,700	137,919	198,000	242,040	270,098	132,412	0
Number Of Employees	43	38	35	38	35	35	34	33	6	7	10	12	15	7	0
EBITDA*	-491,134	160,077	671,916	34,480	59,624	47,229	15,195	23,732	182,819	24,362	283,561	-670,282	485,761	-345,354	599,721

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	853	823	0	447	263	224	102	0	38	40	0	0	0	0	0
Total Fixed Assets	853	823	0	447	263	224	102	0	38	40	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	36,552	40,656	40,746	77,162	25,181	35,516	56,369	126,514	214,411	192,655	307,980	277,962	525,182	219,273	577,785
Group Debtors	166,921	441,796	349,712	116,124	61,092	63,922	33,858	0	0	0	0	0	0	0	0
Misc Debtors	39,409	13,573	6,362	6,700	2,085	1,940	1,393	0	0	0	0	0	0	0	0
Cash	361,556	614,506	545,757	226,487	283,894	203,543	194,342	113,797	0	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	604,438	1,110,531	942,577	426,473	372,252	304,921	285,962	240,311	214,411	192,655	307,980	277,962	525,182	219,273	577,785
total assets	605,291	1,111,354	942,577	426,920	372,515	305,145	286,064	240,311	214,449	192,695	307,980	277,962	525,182	219,273	577,785
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,310	987	13,081	21,998	4,435	1,155	1,848	1,805	54,860	179,361	313,892	502,216	79,154	132,708	145,866
Group/Directors Accounts	3,679	49,240	3,417	300	5,797	1,782	634	2,124	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	1,458	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	85,789	75,001	71,965	95,073	82,213	71,914	90,853	57,694	0	0	0	0	0	0	0
total current liabilities	90,778	125,228	88,463	117,371	92,445	74,851	94,793	61,623	54,860	179,361	313,892	502,216	79,154	132,708	145,866
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	90,778	125,228	88,463	117,371	92,445	74,851	94,793	61,623	54,860	179,361	313,892	502,216	79,154	132,708	145,866
net assets	514,513	986,126	854,114	309,549	280,070	230,294	191,271	178,688	159,589	13,334	-5,912	-224,254	446,028	86,565	431,919
total shareholders funds	514,513	986,126	854,114	309,549	280,070	230,294	191,271	178,688	159,589	13,334	-5,912	-224,254	446,028	86,565	431,919

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-491,134	160,077	671,916	34,480	59,624	47,229	15,195	23,732	182,819	24,362	283,561	-670,282	485,761	-345,354	599,721
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-30,966	-127,737	-6,915	-11,676	-9,154	-2,952	-4,775	-36,564	-5,116	-65,219	0	-126,298	0	-167,922
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-253,113	100,028	196,387	111,812	-12,981	9,880	-34,792	-87,935	21,754	-115,285	30,018	-247,220	305,909	-358,512	577,785
Creditors	323	-12,094	-8,917	17,563	3,280	-693	43	-53,055	-124,501	-134,531	-188,324	423,062	-53,554	-13,158	145,866
Accruals and Deferred Income	10,788	3,036	-23,108	12,860	10,299	-18,939	33,159	57,694	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-226,910	20,025	315,767	-53,824	74,508	8,563	80,237	111,531	0	0	0	0	0	0	-120
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-45,561	45,823	3,117	-5,497	4,015	1,148	-1,490	2,124	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	-1,458	1,458	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	120
interest	19,521	2,901	386	1,914	1,828	948	339	142	0	0	0	0	0	0	0
cash flow from financing	-26,040	48,724	3,503	-3,583	5,843	638	307	2,266	0	0	0	0	0	0	120
cash and cash equivalents
cash	-252,950	68,749	319,270	-57,407	80,351	9,201	80,545	113,797	0	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-252,950	68,749	319,270	-57,407	80,351	9,201	80,545	113,797	0	0	0	0	0	0	0

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 abbey centre visionplus 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 BT37 area or any other competitors across 12 key performance metrics.

ABBEY CENTRE VISIONPLUS LIMITED group structure

Abbey Centre Visionplus Limited has no subsidiary companies.

Ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

01721624

ABBEY CENTRE SPECSAVERS LIMITED

NI046673

2 parents

ABBEY CENTRE VISIONPLUS LIMITED

NI046672

ABBEY CENTRE VISIONPLUS LIMITED Shareholders

abbey centre specsavers limited	99.58%
specsavers uk holdings ltd & abbey centre specsavers ltd	0.42%

Abbey Centre Visionplus Limited currently has 3 directors. The longest serving directors include Mr James McGinn (Jul 2003) and Mr Darryl Marshall (Feb 2022).

officer	country	age	start	end	role
Mr James McGinn	Northern Ireland	58 years	Jul 2003	-	Director
Mr Darryl Marshall	Northern Ireland	32 years	Feb 2022	-	Director
Ms Charlotte Morrison	Northern Ireland	34 years	Aug 2022	-	Director

P&L

February 2023

turnover

1.2m

+30%

operating profit

-491.1k

gross margin

29.1%

-0.89%

turnover

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

Balance Sheet

February 2023

net assets

514.5k

-0.48%

total assets

605.3k

-0.46%

cash

361.6k

-0.41%

net assets

Total assets minus all liabilities

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company number

NI046672

Type

Private limited with Share Capital

industry

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

May 2003

accounts

Audit Exemption Subsidiary

ultimate parent company

SPECSAVERS OPTICAL SUPERSTORES LIMITED

previous names

N/A

last accounts submitted

February 2023

address

abbeycentre, 35-37 longwood road, newtownabbey, BT37 9UH

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abbey centre visionplus limited Company Information

abbey centre visionplus limited Estimated Valuation

abbey centre visionplus limited Estimated Valuation

abbey centre visionplus limited Estimated Valuation

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ABBEY CENTRE VISIONPLUS LIMITED financials

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