optical express limited
optical express limited Company Information
Company Number
SC161469
Registered Address
200 st. vincent street, glasgow, G2 5SG
Industry
Other human health activities
Telephone
01236795010
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
dcm (optical holdings) ltd 100%
optical express limited Estimated Valuation
Pomanda estimates the enterprise value of OPTICAL EXPRESS LIMITED at £174.5m based on a Turnover of £109.1m and 1.6x industry multiple (adjusted for size and gross margin).
optical express limited Estimated Valuation
Pomanda estimates the enterprise value of OPTICAL EXPRESS LIMITED at £397.7m based on an EBITDA of £28.8m and a 13.81x industry multiple (adjusted for size and gross margin).
optical express limited Estimated Valuation
Pomanda estimates the enterprise value of OPTICAL EXPRESS LIMITED at £92.5m based on Net Assets of £38.2m and 2.42x industry multiple (adjusted for liquidity).
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Optical Express Limited Overview
Optical Express Limited is a live company located in glasgow, G2 5SG with a Companies House number of SC161469. It operates in the other human health activities sector, SIC Code 86900. Founded in November 1995, it's largest shareholder is dcm (optical holdings) ltd with a 100% stake. Optical Express Limited is a mature, mega sized company, Pomanda has estimated its turnover at £109.1m with healthy growth in recent years.
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Optical Express Limited Health Check
Pomanda's financial health check has awarded Optical Express Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
4 Weak
Size
annual sales of £121m, make it larger than the average company (£720.5k)
£121m - Optical Express Limited
£720.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.2%)
8% - Optical Express Limited
4.2% - Industry AVG
Production
with a gross margin of 84.7%, this company has a lower cost of product (35.2%)
84.7% - Optical Express Limited
35.2% - Industry AVG
Profitability
an operating margin of 33.1% make it more profitable than the average company (8.7%)
33.1% - Optical Express Limited
8.7% - Industry AVG
Employees
with 663 employees, this is above the industry average (19)
663 - Optical Express Limited
19 - Industry AVG
Pay Structure
on an average salary of £31.9k, the company has a higher pay structure (£23.3k)
£31.9k - Optical Express Limited
£23.3k - Industry AVG
Efficiency
resulting in sales per employee of £182.5k, this is more efficient (£43.7k)
£182.5k - Optical Express Limited
£43.7k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (21 days)
1 days - Optical Express Limited
21 days - Industry AVG
Creditor Days
its suppliers are paid after 70 days, this is slower than average (16 days)
70 days - Optical Express Limited
16 days - Industry AVG
Stock Days
it holds stock equivalent to 61 days, this is more than average (12 days)
61 days - Optical Express Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (128 weeks)
7 weeks - Optical Express Limited
128 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.1%, this is a higher level of debt than the average (24.2%)
64.1% - Optical Express Limited
24.2% - Industry AVG
OPTICAL EXPRESS LIMITED financials
Optical Express Limited's latest turnover from December 2022 is £109.1 million and the company has net assets of £38.2 million. According to their latest financial statements, Optical Express Limited has 705 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Jan 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 109,098,000 | 120,978,000 | 80,742,000 | 95,323,000 | 88,120,000 | 82,276,000 | 86,878,000 | 91,511,000 | 118,223,000 | 79,480,000 | 29,952,617 | 17,119,756 | 18,297,345 | 19,086,047 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 15,911,000 | 18,528,000 | 14,379,000 | 19,560,000 | 18,602,000 | 18,115,000 | 18,292,000 | 24,118,000 | 36,309,000 | 24,100,000 | 7,600,233 | 3,317,773 | 3,511,183 | 3,239,842 |
| Gross Profit | 93,187,000 | 102,450,000 | 66,363,000 | 75,763,000 | 69,518,000 | 64,161,000 | 68,586,000 | 67,393,000 | 81,914,000 | 55,380,000 | 22,352,384 | 13,801,983 | 14,786,162 | 15,846,205 |
| Admin Expenses | 66,086,000 | 62,440,000 | 52,014,000 | 74,229,000 | 68,292,000 | 64,415,000 | 70,754,000 | 77,193,000 | 96,513,000 | 57,500,000 | 26,411,153 | 12,444,346 | 11,809,734 | 19,424,406 |
| Operating Profit | 27,101,000 | 40,010,000 | 14,349,000 | 1,534,000 | 1,226,000 | -254,000 | -2,168,000 | -9,800,000 | -14,599,000 | -2,120,000 | -4,058,769 | 1,357,637 | 2,976,428 | -3,578,201 |
| Interest Payable | 1,000 | 3,000 | 3,000 | 1,000 | 7,000 | 534,000 | 588,000 | 1,001,000 | 2,234,000 | 1,633,000 | 541,283 | 128,640 | 163,989 | 165,187 |
| Interest Receivable | 0 | 4,000 | 0 | 25,000 | 0 | 245,000 | 275,000 | 229,000 | 251,000 | 164,000 | 0 | 0 | 6,293 | 0 |
| Pre-Tax Profit | 27,100,000 | 40,011,000 | 14,346,000 | 1,558,000 | 1,226,000 | -543,000 | -2,481,000 | -10,572,000 | -16,582,000 | -3,589,000 | -4,600,052 | 1,228,997 | 2,818,732 | -3,743,388 |
| Tax | -5,612,000 | -7,335,000 | -2,171,000 | 0 | -1,000 | 173,000 | 387,000 | 178,000 | 337,000 | -90,000 | 429,534 | -419,400 | -783,082 | 1,053,305 |
| Profit After Tax | 21,488,000 | 32,676,000 | 12,175,000 | 1,558,000 | 1,225,000 | -370,000 | -2,094,000 | -10,394,000 | -16,245,000 | -3,679,000 | -4,170,518 | 809,597 | 2,035,650 | -2,690,083 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 21,488,000 | 32,676,000 | 12,175,000 | 1,558,000 | 1,225,000 | -370,000 | -2,094,000 | -10,394,000 | -16,245,000 | -3,679,000 | -4,170,518 | 809,597 | 2,035,650 | -2,690,083 |
| Employee Costs | 22,928,000 | 21,175,000 | 20,208,000 | 25,635,000 | 22,369,000 | 18,187,000 | 18,303,000 | 20,162,000 | 22,746,000 | 17,605,000 | 8,448,468 | 4,971,166 | 5,208,834 | 5,405,250 |
| Number Of Employees | 705 | 663 | 731 | 701 | 629 | 594 | 601 | 673 | 769 | 613 | 432 | 205 | 209 | 217 |
| EBITDA* | 28,804,000 | 41,297,000 | 15,867,000 | 2,606,000 | 2,765,000 | 1,623,000 | -219,000 | -7,567,000 | -11,761,000 | -2,120,000 | -2,419,310 | 1,867,620 | 3,560,493 | -3,019,168 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Jan 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,901,000 | 9,262,000 | 7,405,000 | 8,088,000 | 8,814,000 | 10,168,000 | 11,164,000 | 12,696,000 | 16,104,000 | 17,988,000 | 13,100,950 | 3,012,060 | 3,468,137 | 3,569,247 |
| Intangible Assets | -17,000 | -121,000 | 10,000 | -425,000 | -571,000 | -706,000 | -1,023,000 | -1,181,000 | -1,336,000 | -1,576,000 | -1,840,130 | 208,320 | 236,075 | 263,831 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 189 | 180 | 180 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 13,884,000 | 9,141,000 | 7,415,000 | 7,663,000 | 8,243,000 | 9,462,000 | 10,141,000 | 11,515,000 | 14,768,000 | 16,412,000 | 11,261,009 | 3,220,560 | 3,704,392 | 3,833,078 |
| Stock & work in progress | 2,976,000 | 3,133,000 | 2,639,000 | 3,148,000 | 3,285,000 | 3,141,000 | 2,759,000 | 2,711,000 | 4,022,000 | 3,974,000 | 2,971,733 | 728,828 | 907,467 | 757,776 |
| Trade Debtors | 595,000 | 649,000 | 208,000 | 627,000 | 903,000 | 618,000 | 735,000 | 849,000 | 0 | 65,561,000 | 275,308 | 267,328 | 222,361 | 254,061 |
| Group Debtors | 45,095,000 | 25,320,000 | 13,244,000 | 8,292,000 | 18,718,000 | 16,197,000 | 16,443,000 | 15,790,000 | 34,190,000 | 0 | 13,342,618 | 14,789,128 | 10,821,782 | 6,237,061 |
| Misc Debtors | 5,573,000 | 4,465,000 | 5,050,000 | 8,313,000 | 7,754,000 | 8,373,000 | 7,906,000 | 9,348,000 | 8,730,000 | 0 | 4,429,816 | 820,543 | 996,558 | 766,479 |
| Cash | 1,622,000 | 3,795,000 | 12,487,000 | 1,703,000 | 1,097,000 | 1,006,000 | 1,287,000 | 198,000 | 529,000 | 322,000 | 118,595 | 10,464 | 69,343 | 7,946 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 55,861,000 | 37,362,000 | 33,628,000 | 22,083,000 | 31,757,000 | 29,335,000 | 29,130,000 | 28,896,000 | 47,471,000 | 69,857,000 | 21,138,070 | 16,616,291 | 13,017,511 | 8,023,323 |
| total assets | 69,745,000 | 46,503,000 | 41,043,000 | 29,746,000 | 40,000,000 | 38,797,000 | 39,271,000 | 40,411,000 | 62,239,000 | 86,269,000 | 32,399,079 | 19,836,851 | 16,721,903 | 11,856,401 |
| Bank overdraft | 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 |
| Trade Creditors | 4,025,000 | 3,596,000 | 6,780,000 | 4,957,000 | 5,562,000 | 5,651,000 | 5,330,000 | 4,636,000 | 5,242,000 | 84,404,000 | 1,803,681 | 455,712 | 468,167 | 331,082 |
| Group/Directors Accounts | 14,262,000 | 12,886,000 | 35,391,000 | 41,161,000 | 52,391,000 | 50,734,000 | 50,821,000 | 51,216,000 | 58,335,000 | 0 | 6,229,916 | 4,991,391 | 2,878,051 | 796,775 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 17,000 | 17,000 | 56,000 | 174,000 | 174,000 | 224,000 | 67,000 | 108,000 | 85,000 | 0 | 88,332 | 0 | 50,154 | 51,015 |
| other current liabilities | 8,733,000 | 9,431,000 | 10,252,000 | 9,858,000 | 10,670,000 | 12,116,000 | 12,690,000 | 11,776,000 | 14,085,000 | 0 | 19,745,520 | 5,362,064 | 4,727,218 | 4,073,573 |
| total current liabilities | 27,037,000 | 25,930,000 | 52,479,000 | 56,150,000 | 68,797,000 | 68,725,000 | 68,908,000 | 67,736,000 | 77,747,000 | 84,404,000 | 27,867,449 | 10,809,167 | 8,123,590 | 5,252,445 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 156,000 | 313,000 | 0 | 0 | 57,000 | 0 | 192,098 | 0 | 0 | 50,833 |
| Accruals and Deferred Income | 1,327,000 | 934,000 | 707,000 | 665,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 81,432 | 135,719 | 0 |
| other liabilities | 0 | 0 | 270,000 | 0 | 755,000 | 692,000 | 926,000 | 1,144,000 | 918,000 | 1,353,000 | 190,102 | 0 | 0 | 0 |
| provisions | 3,192,000 | 2,938,000 | 3,562,000 | 1,081,000 | 0 | 0 | 0 | 0 | 1,592,000 | 2,342,000 | 2,301,076 | 2,927,380 | 3,253,319 | 3,379,498 |
| total long term liabilities | 4,519,000 | 3,872,000 | 4,539,000 | 1,746,000 | 911,000 | 1,005,000 | 926,000 | 1,144,000 | 2,567,000 | 3,695,000 | 2,683,276 | 3,008,812 | 3,389,038 | 3,430,331 |
| total liabilities | 31,556,000 | 29,802,000 | 57,018,000 | 57,896,000 | 69,708,000 | 69,730,000 | 69,834,000 | 68,880,000 | 80,314,000 | 88,099,000 | 30,550,725 | 13,817,979 | 11,512,628 | 8,682,776 |
| net assets | 38,189,000 | 16,701,000 | -15,975,000 | -28,150,000 | -29,708,000 | -30,933,000 | -30,563,000 | -28,469,000 | -18,075,000 | -1,830,000 | 1,848,354 | 6,018,872 | 5,209,275 | 3,173,625 |
| total shareholders funds | 38,189,000 | 16,701,000 | -15,975,000 | -28,150,000 | -29,708,000 | -30,933,000 | -30,563,000 | -28,469,000 | -18,075,000 | -1,830,000 | 1,848,354 | 6,018,872 | 5,209,275 | 3,173,625 |
| Dec 2022 | Jan 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 27,101,000 | 40,010,000 | 14,349,000 | 1,534,000 | 1,226,000 | -254,000 | -2,168,000 | -9,800,000 | -14,599,000 | -2,120,000 | -4,058,769 | 1,357,637 | 2,976,428 | -3,578,201 |
| Depreciation | 1,599,000 | 1,148,000 | 1,353,000 | 1,218,000 | 1,404,000 | 1,560,000 | 1,791,000 | 2,078,000 | 2,598,000 | 1,005,427 | 482,228 | 556,309 | 531,285 | |
| Amortisation | 104,000 | 139,000 | 165,000 | -146,000 | 135,000 | 317,000 | 158,000 | 155,000 | 240,000 | 634,032 | 27,755 | 27,756 | 27,748 | |
| Tax | -5,612,000 | -7,335,000 | -2,171,000 | 0 | -1,000 | 173,000 | 387,000 | 178,000 | 337,000 | -90,000 | 429,534 | -419,400 | -783,082 | 1,053,305 |
| Stock | 2,976,000 | 3,133,000 | -509,000 | -137,000 | 144,000 | 382,000 | 48,000 | -1,311,000 | 48,000 | 1,002,267 | 2,242,905 | 728,828 | 907,467 | 757,776 |
| Debtors | 51,263,000 | 30,434,000 | 1,270,000 | -10,143,000 | 2,187,000 | 104,000 | -903,000 | -16,933,000 | -22,641,000 | 47,513,258 | 2,170,743 | 15,876,999 | 12,040,701 | 7,257,601 |
| Creditors | 4,025,000 | 3,596,000 | 1,823,000 | -605,000 | -89,000 | 321,000 | 694,000 | -606,000 | -79,162,000 | 82,600,319 | 1,347,969 | 455,712 | 468,167 | 331,082 |
| Accruals and Deferred Income | 10,060,000 | 10,365,000 | 436,000 | -147,000 | -1,446,000 | -574,000 | 914,000 | -2,309,000 | 14,085,000 | -19,745,520 | 14,302,024 | 5,443,496 | 4,862,937 | 4,073,573 |
| Deferred Taxes & Provisions | 3,192,000 | 2,938,000 | 2,481,000 | 1,081,000 | 0 | 0 | 0 | -1,592,000 | -750,000 | 40,924 | -626,304 | 2,927,380 | 3,253,319 | 3,379,498 |
| Cash flow from operations | -13,770,000 | 17,294,000 | 17,675,000 | 13,215,000 | -1,102,000 | 1,057,000 | 2,631,000 | 6,348,000 | -54,658,000 | 8,620,265 | -6,331,019 | -1,586,334 | -2,197,087 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -189 | 9 | 180 | 180 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 14,262,000 | 12,886,000 | -5,770,000 | -11,230,000 | 1,657,000 | -87,000 | -395,000 | -7,119,000 | 58,335,000 | -6,229,916 | 1,238,525 | 4,991,391 | 2,878,051 | 796,775 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| Hire Purchase and Lease Commitments | 17,000 | 17,000 | -118,000 | -156,000 | -207,000 | 470,000 | -41,000 | -34,000 | 142,000 | -280,430 | 280,430 | 0 | 50,154 | 101,848 |
| other long term liabilities | 0 | 0 | 270,000 | -755,000 | 63,000 | -234,000 | -218,000 | 226,000 | -435,000 | 1,162,898 | 190,102 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -1,000 | 1,000 | -3,000 | 24,000 | -7,000 | -289,000 | -313,000 | -772,000 | -1,983,000 | -1,469,000 | -541,283 | -128,640 | -157,696 | -165,187 |
| cash flow from financing | 30,979,000 | -3,071,000 | -5,621,000 | -12,117,000 | 1,506,000 | -140,000 | -967,000 | -7,699,000 | 56,059,000 | -6,815,802 | 1,167,774 | 10,072,026 | 5,944,134 | 6,597,144 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,622,000 | 3,795,000 | 10,784,000 | 606,000 | 91,000 | -281,000 | 1,089,000 | -331,000 | 207,000 | 203,405 | 108,131 | 10,464 | 69,343 | 7,946 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,622,000 | 3,795,000 | 10,784,000 | 606,000 | 91,000 | -281,000 | 1,089,000 | -331,000 | 207,000 | 203,405 | 108,131 | 10,464 | 69,343 | 7,946 |
optical express limited Credit Report and Business Information
Optical Express Limited Competitor Analysis
Perform a competitor analysis for optical express limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
optical express limited Ownership
OPTICAL EXPRESS LIMITED group structure
Optical Express Limited has 3 subsidiary companies.
Ultimate parent company
2 parents
OPTICAL EXPRESS LIMITED
SC161469
3 subsidiaries
optical express limited directors
Optical Express Limited currently has 3 directors. The longest serving directors include Mr David Moulsdale (Nov 1995) and Mr Stewart Mein (May 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Moulsdale | United Kingdom | 55 years | Nov 1995 | - | Director |
| Mr Stewart Mein | Scotland | 53 years | May 2008 | - | Director |
| Mr Stephen Hannan | Scotland | 44 years | Feb 2020 | - | Director |
P&L
December 2022turnover
109.1m
0%
operating profit
27.1m
0%
gross margin
85.5%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
38.2m
0%
total assets
69.7m
0%
cash
1.6m
0%
net assets
Total assets minus all liabilities
optical express limited company details
company number
SC161469
Type
Private limited with Share Capital
industry
86900 - Other human health activities
incorporation date
November 1995
age
29
accounts
Full Accounts
ultimate parent company
previous names
optical express (central) limited (April 2001)
incorporated
UK
address
200 st. vincent street, glasgow, G2 5SG
last accounts submitted
December 2022
optical express 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 found 7 charges/mortgages relating to optical express limited. Currently there are 3 open charges and 4 have been satisfied in the past.
optical express limited Companies House Filings - See Documents
| date | description | view/download |
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