VisionDirect

Vision Direct is Europe’s leading supplier of contact lenses online. Since being founded by opticians in 1998, it has focused on providing affordable prices on high quality lenses from the world’s leading brands. Today the company saves its customers up to 45% when compared to high street stores, and still manages to provide a high end service with superfast next day delivery to the UK. We’re proud to have helped more than 700,000 people get the contact lenses they need at an affordable price, by buying directly from authorised suppliers and passing the savings on to you.

Type

Subsidiary

Parent Company

Essilor

London, GB

Founded

1998

Website

visiondirect.co.uk

VisionDirect was founded in 1998 and is headquartered in London, GB

VisionDirect Office Locations

VisionDirect has an office in London

London, GB (HQ)

6 Camden High St

VisionDirect Data and Metrics

VisionDirect Summary

Founding Date	1998

VisionDirect is a subsidiary of Essilor

VisionDirect Financial Metrics

VisionDirect's revenue was reported to be £33.5 m in FY, 2015 which is a 56% increase from the previous period.

Income Statement

£, GBP	FY, 2013	FY, 2014	FY, 2015
Revenue	10.4 m	21.5 m	33.5 m
Revenue growth, %		108%	56%
Cost of goods sold	8.8 m	16.5 m	27.6 m
Gross profit	1.5 m	5 m	5.9 m
Gross profit Margin, %	15%	23%	18%
Operating expense total	1.9 m	5.2 m	3.6 m
Pre tax profit	(392 k)	(427 k)	1.8 m
Net Income	(392 k)	(454 k)	1.5 m

Balance Sheet

£, GBP	FY, 2013	FY, 2014	FY, 2015
Cash	303 k	1.1 m	1.1 m
Accounts Receivable	11 k	76 k	84 k
Current Assets	1.3 m	3.9 m	5.2 m
PP&E	300 k	931 k	632 k
Goodwill	4.2 m	9.6 m	8.5 m
Total Assets	5.8 m	14.4 m	14.4 m
Accounts Payable	1 m	1.9 m	2.2 m
Current Liabilities	1.6 m	2.7 m	4.7 m
Retained Earnings	(392 k)	(454 k)	1.5 m
Total Equity	(1.5 m)	(2 m)	(1.1 m)
Financial Leverage	-3.8 x	-7.3 x	-12.8 x