DCM (Optical Holdings) Limited
Registered name: DCM (OPTICAL HOLDINGS) LIMITED
Part of Moulsdale Investments Limited groupDCM (Optical Holdings) Limited made £4.8m profit in the year to 28 Dec 2024 (revenue not disclosed).
DCM (Optical Holdings) Limited reported £4.8m profit in the year to 28 Dec 2024, up 25% on the year before; its revenue was not disclosed. It had 0 employees. The company is classified under “other business support service activities” and is based in Glasgow; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 33 yrs · since 1993
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The ultimate parent company is Lorena Investments Limited, a company incorporated in Scotland. Group financial statements are available at 200 St. Vincent Street, Glasgow, G2 5SG.”
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 30 Dec 2023 | 28 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Profit only |
| Profit & loss | |||
| Revenue (turnover) | £120m | £105m | — |
| Cost of sales | £16.8m | £15.9m | £18.5m |
| Gross profit | £103m | £89.5m | £92.8m |
| Operating profit | £27.8m | £14.7m | £16.9m |
| Profit before tax | £29.4m | £19.3m | £23.2m |
| Profit after tax | £1.8m | £3.9m | £4.8m |
| Profit (best available) | £1.8m | £3.9m | £4.8m |
| Staff costs | £0 | £0 | £0 |
| Employees (average) | 0 | 0 | 0 |
| Ratios | |||
| Profit margin | 1.5% | 3.7% | — |
| Gross margin | 86% | 85% | — |
| Cash conversion | 37.3% | 44.4% | 9.5% |
| Growth (year on year) | |||
| Revenue growth | — | ▼12.5% | — |
| Profit growth | — | ▲113.9% | ▲25.5% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £73k | £59k | £70k |
| Net assets | £31.9m | £35.8m | £40.6m |
| Fixed assets | £21.7m | £22.8m | £22.2m |
| Current assets | £73.6m | £94.7m | £125m |
| Debtors | £0 | £0 | £0 |
| Deferred income | £0 | £144k | £143k |
| Cash from operations | £10.4m | £6.5m | £1.6m |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- 9.5%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲14%
- Now £40.6m
- Cash at bank
- ▲19%
- Now £70k
- Headcount
- —
- Now 0
- Deferred income
- ▼1%
- Now £143k
- Fixed assets
- ▼3%
- Now £22.2m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Moulsdale Investments Limitedultimate parent75–100%
- DCM (Optical Holdings) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (5)
- Optical Express LimitedRev. £97m · Profit £12.9m
- Optical Express (Westfield) LimitedRev. £18.7m · Profit −£41k
- Cruach Capital LimitedFigures not disclosed
- Optical Express (Holdings) LimitedFigures not disclosed
- The Frame Zone LimitedFigures not disclosed
Sister companies (3)
- Anglia Community Eye Service LimitedRev. £21.6m · Profit £6.9m
- Optical Express (Gyle) LimitedRev. £17.6m · Profit £2.6m
- Lorena Cosmetics Holdings SPV LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 28 Dec 2024 (profit £4.8m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.