the frame zone limited
the frame zone limited Company Information
Company Number
SC182069
Website
http://opticalexpress.comRegistered Address
200 st. vincent street, glasgow, G2 5SG
Industry
Other human health activities
Telephone
01236795004
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
dcm optical holdings ltd 100%
the frame zone limited Estimated Valuation
Pomanda estimates the enterprise value of THE FRAME ZONE LIMITED at £97k based on a Turnover of £216.9k and 0.45x industry multiple (adjusted for size and gross margin).
the frame zone limited Estimated Valuation
Pomanda estimates the enterprise value of THE FRAME ZONE LIMITED at £3.1m based on an EBITDA of £805.3k and a 3.86x industry multiple (adjusted for size and gross margin).
the frame zone limited Estimated Valuation
Pomanda estimates the enterprise value of THE FRAME ZONE LIMITED at £2.6m based on Net Assets of £1.1m and 2.42x industry multiple (adjusted for liquidity).
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The Frame Zone Limited Overview
The Frame Zone Limited is a live company located in glasgow, G2 5SG with a Companies House number of SC182069. It operates in the other human health activities sector, SIC Code 86900. Founded in January 1998, it's largest shareholder is dcm optical holdings ltd with a 100% stake. The Frame Zone Limited is a mature, micro sized company, Pomanda has estimated its turnover at £216.9k with declining growth in recent years.
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The Frame Zone Limited Health Check
Pomanda's financial health check has awarded The Frame Zone 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
3 Strong
1 Regular
6 Weak
Size
annual sales of £178.2k, make it smaller than the average company (£720.5k)
- The Frame Zone Limited
£720.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (4.2%)
- The Frame Zone Limited
4.2% - Industry AVG
Production
with a gross margin of 35.2%, this company has a comparable cost of product (35.2%)
- The Frame Zone Limited
35.2% - Industry AVG
Profitability
an operating margin of 475.1% make it more profitable than the average company (8.7%)
- The Frame Zone Limited
8.7% - Industry AVG
Employees
with 5 employees, this is below the industry average (19)
5 - The Frame Zone Limited
19 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - The Frame Zone Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £35.6k, this is less efficient (£43.7k)
- The Frame Zone Limited
£43.7k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (21 days)
- The Frame Zone Limited
21 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- The Frame Zone Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 37 days, this is more than average (12 days)
- The Frame Zone Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is less cash available to meet short term requirements (128 weeks)
21 weeks - The Frame Zone Limited
128 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 13%, this is a lower level of debt than the average (24.2%)
13% - The Frame Zone Limited
24.2% - Industry AVG
THE FRAME ZONE LIMITED financials
The Frame Zone Limited's latest turnover from December 2022 is estimated at £216.9 thousand and the company has net assets of £1.1 million. According to their latest financial statements, The Frame Zone Limited has 5 employees and maintains cash reserves of £35 thousand 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 | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | 0 | 0 | ||||||||||||
| Number Of Employees | 5 | 5 | 8 | 12 | 12 | 12 | 11 | 11 | ||||||
| EBITDA* |
* 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 | 5,000 | 5,000 | 8,000 | 23,000 | 37,000 | 40,000 | 48,000 | 54,000 | 59,000 | 66,000 | 76,155 | 82,313 | 90,939 | 103,469 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,000 | 5,000 | 8,000 | 23,000 | 37,000 | 40,000 | 48,000 | 54,000 | 59,000 | 66,000 | 76,155 | 82,313 | 90,939 | 103,469 |
| Stock & work in progress | 20,000 | 12,000 | 11,000 | 25,000 | 34,000 | 42,000 | 43,000 | 45,000 | 43,000 | 41,000 | 39,600 | 41,823 | 42,202 | 46,321 |
| Trade Debtors | 9,000 | 6,000 | 5,000 | 9,000 | 20,000 | 24,000 | 35,000 | 29,000 | 1,152,000 | 1,349,000 | 3,335,731 | 2,699,147 | 2,245,693 | 1,719,086 |
| Group Debtors | 1,279,000 | 1,164,000 | 0 | 1,138,000 | 1,257,000 | 1,232,000 | 1,275,000 | 1,084,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,000 | 4,000 | 7,000 | 15,000 | 15,000 | 17,000 | 17,000 | 17,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 35,000 | 69,000 | 1,402,000 | 55,000 | 10,000 | 50,000 | 6,000 | 43,000 | 41,000 | 2,000 | 635 | 227,074 | 2,882 | 737 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,348,000 | 1,255,000 | 1,425,000 | 1,242,000 | 1,336,000 | 1,365,000 | 1,376,000 | 1,218,000 | 1,236,000 | 1,392,000 | 3,375,966 | 2,968,044 | 2,290,777 | 1,766,144 |
| total assets | 1,353,000 | 1,260,000 | 1,433,000 | 1,265,000 | 1,373,000 | 1,405,000 | 1,424,000 | 1,272,000 | 1,295,000 | 1,458,000 | 3,452,121 | 3,050,357 | 2,381,716 | 1,869,613 |
| 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 | 0 | 0 | 11,000 | 6,000 | 15,000 | 19,000 | 25,000 | 12,000 | 162,000 | 397,000 | 2,389,016 | 2,031,765 | 1,495,358 | 1,084,118 |
| Group/Directors Accounts | 244,000 | 122,000 | 312,000 | 145,000 | 142,000 | 78,000 | 56,000 | 13,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 47,000 | 42,000 | 28,000 | 47,000 | 60,000 | 61,000 | 61,000 | 49,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 291,000 | 164,000 | 351,000 | 198,000 | 217,000 | 158,000 | 142,000 | 74,000 | 162,000 | 397,000 | 2,389,016 | 2,031,765 | 1,495,358 | 1,084,118 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 2,000 | 3,000 | 0 | 0 | 0 | 0 | 0 | 0 | 861 | 2,856 | 0 | 0 |
| provisions | 0 | 0 | 0 | 46,000 | 4,000 | 5,000 | 5,000 | 6,000 | 8,000 | 9,000 | 11,230 | 13,516 | 15,823 | 70,423 |
| total long term liabilities | 0 | 0 | 2,000 | 49,000 | 4,000 | 5,000 | 5,000 | 6,000 | 8,000 | 9,000 | 12,091 | 16,372 | 15,823 | 70,423 |
| total liabilities | 291,000 | 164,000 | 353,000 | 247,000 | 221,000 | 163,000 | 147,000 | 80,000 | 170,000 | 406,000 | 2,401,107 | 2,048,137 | 1,511,181 | 1,154,541 |
| net assets | 1,062,000 | 1,096,000 | 1,080,000 | 1,018,000 | 1,152,000 | 1,242,000 | 1,277,000 | 1,192,000 | 1,125,000 | 1,052,000 | 1,051,014 | 1,002,220 | 870,535 | 715,072 |
| total shareholders funds | 1,062,000 | 1,096,000 | 1,080,000 | 1,018,000 | 1,152,000 | 1,242,000 | 1,277,000 | 1,192,000 | 1,125,000 | 1,052,000 | 1,051,014 | 1,002,220 | 870,535 | 715,072 |
| 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 | ||||||||||||||
| Depreciation | 1,000 | 1,000 | 14,000 | 5,000 | 5,000 | 6,000 | 7,000 | 8,000 | 9,000 | 10,000 | 11,285 | 12,369 | 17,303 | 16,241 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 20,000 | 12,000 | -14,000 | -9,000 | -8,000 | -1,000 | -2,000 | 2,000 | 2,000 | 1,400 | -2,223 | 41,823 | 42,202 | 46,321 |
| Debtors | 1,293,000 | 1,174,000 | -1,150,000 | -130,000 | 19,000 | -54,000 | 197,000 | -22,000 | -197,000 | -1,986,731 | 636,584 | 2,699,147 | 2,245,693 | 1,719,086 |
| Creditors | 0 | 0 | 5,000 | -9,000 | -4,000 | -6,000 | 13,000 | -150,000 | -235,000 | -1,992,016 | 357,251 | 2,031,765 | 1,495,358 | 1,084,118 |
| Accruals and Deferred Income | 47,000 | 42,000 | -19,000 | -13,000 | -1,000 | 0 | 12,000 | 49,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | -46,000 | 42,000 | -1,000 | 0 | -1,000 | -2,000 | -1,000 | -2,230 | -2,286 | 13,516 | 15,823 | 70,423 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 244,000 | 122,000 | 167,000 | 3,000 | 64,000 | 22,000 | 43,000 | 13,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -1,000 | 3,000 | 0 | 0 | 0 | 0 | 0 | -861 | -1,995 | 2,856 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 35,000 | 69,000 | 1,347,000 | 45,000 | -40,000 | 44,000 | -37,000 | 2,000 | 39,000 | 1,365 | -226,439 | 227,074 | 2,882 | 737 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 35,000 | 69,000 | 1,347,000 | 45,000 | -40,000 | 44,000 | -37,000 | 2,000 | 39,000 | 1,365 | -226,439 | 227,074 | 2,882 | 737 |
the frame zone limited Credit Report and Business Information
The Frame Zone Limited Competitor Analysis
Perform a competitor analysis for the frame zone limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
the frame zone limited Ownership
THE FRAME ZONE LIMITED group structure
The Frame Zone Limited has no subsidiary companies.
Ultimate parent company
2 parents
THE FRAME ZONE LIMITED
SC182069
the frame zone limited directors
The Frame Zone Limited currently has 3 directors. The longest serving directors include Mr David Moulsdale (Feb 2003) and Mr Stewart Mein (May 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Moulsdale | United Kingdom | 55 years | Feb 2003 | - | Director |
| Mr Stewart Mein | Scotland | 53 years | May 2008 | - | Director |
| Mr Stephen Hannan | Scotland | 44 years | Feb 2020 | - | Director |
P&L
December 2022turnover
216.9k
0%
operating profit
804.3k
0%
gross margin
34.8%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.1m
0%
total assets
1.4m
0%
cash
35k
0%
net assets
Total assets minus all liabilities
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the frame zone limited company details
company number
SC182069
Type
Private limited with Share Capital
industry
86900 - Other human health activities
incorporation date
January 1998
age
26
accounts
Small Company
ultimate parent company
previous names
lensavers limited (August 1999)
incorporated
UK
address
200 st. vincent street, glasgow, G2 5SG
last accounts submitted
December 2022
the frame zone 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 the frame zone limited. Currently there are 3 open charges and 4 have been satisfied in the past.
the frame zone limited Companies House Filings - See Documents
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