garritts (caterers) limited
garritts (caterers) limited Company Information
Company Number
00469233
Next Accounts
2088 days late
Directors
Shareholders
dine event holdings ltd
Group Structure
View All
Industry
Event catering activities
Registered Address
floor 2 10 wellington place, leeds, LS1 4AP
Website
garritts.co.ukgarritts (caterers) limited Estimated Valuation
Pomanda estimates the enterprise value of GARRITTS (CATERERS) LIMITED at £1.7m based on a Turnover of £4.1m and 0.42x industry multiple (adjusted for size and gross margin).
garritts (caterers) limited Estimated Valuation
Pomanda estimates the enterprise value of GARRITTS (CATERERS) LIMITED at £655.6k based on an EBITDA of £203.7k and a 3.22x industry multiple (adjusted for size and gross margin).
garritts (caterers) limited Estimated Valuation
Pomanda estimates the enterprise value of GARRITTS (CATERERS) LIMITED at £1.6m based on Net Assets of £523.4k and 3x industry multiple (adjusted for liquidity).
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Garritts (caterers) Limited Overview
Garritts (caterers) Limited is a live company located in leeds, LS1 4AP with a Companies House number of 00469233. It operates in the event catering activities sector, SIC Code 56210. Founded in June 1949, it's largest shareholder is dine event holdings ltd with a 100% stake. Garritts (caterers) Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.1m with healthy growth in recent years.
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Garritts (caterers) Limited Health Check
Pomanda's financial health check has awarded Garritts (Caterers) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £4.1m, make it larger than the average company (£655.7k)
- Garritts (caterers) Limited
£655.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (5.5%)
- Garritts (caterers) Limited
5.5% - Industry AVG
Production
with a gross margin of 21.3%, this company has a higher cost of product (44.1%)
- Garritts (caterers) Limited
44.1% - Industry AVG
Profitability
an operating margin of 4.9% make it as profitable than the average company (5.5%)
- Garritts (caterers) Limited
5.5% - Industry AVG
Employees
with 37 employees, this is above the industry average (20)
- Garritts (caterers) Limited
20 - Industry AVG
Pay Structure
on an average salary of £18.4k, the company has an equivalent pay structure (£18.4k)
- Garritts (caterers) Limited
£18.4k - Industry AVG
Efficiency
resulting in sales per employee of £111.7k, this is more efficient (£61.5k)
- Garritts (caterers) Limited
£61.5k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (27 days)
- Garritts (caterers) Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (31 days)
- Garritts (caterers) Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Garritts (caterers) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Garritts (caterers) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.5%, this is a lower level of debt than the average (83%)
26.5% - Garritts (caterers) Limited
83% - Industry AVG
GARRITTS (CATERERS) LIMITED financials
Garritts (Caterers) Limited's latest turnover from September 2017 is estimated at £4.1 million and the company has net assets of £523.4 thousand. According to their latest financial statements, we estimate that Garritts (Caterers) Limited has 37 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 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 | |||||||||
| Number Of Employees | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 784 | 2,183 | 3,193 | 4,570 | 6,460 | 7,823 | 10,264 | 9,980 | 13,472 |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 784 | 2,183 | 3,193 | 4,570 | 6,460 | 7,823 | 10,264 | 9,980 | 13,472 |
| Stock & work in progress | 4,417 | 6,853 | 4,408 | 6,052 | 5,207 | 5,124 | 8,706 | 4,336 | |
| Trade Debtors | 711,179 | 536,815 | 456,154 | 643,704 | 594,231 | 476,584 | 168,332 | 428,521 | 374,471 |
| Group Debtors | |||||||||
| Misc Debtors | |||||||||
| Cash | 162,911 | 194,702 | 109,766 | 185,564 | 236,459 | 150,391 | 264,929 | 250,214 | |
| misc current assets | |||||||||
| total current assets | 711,179 | 704,143 | 657,709 | 757,878 | 785,847 | 718,250 | 323,847 | 702,156 | 629,021 |
| total assets | 711,963 | 706,326 | 660,902 | 762,448 | 792,307 | 726,073 | 334,111 | 712,136 | 642,493 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 188,081 | 343,639 | 497,170 | 655,897 | 760,676 | 653,817 | 324,776 | 260,482 | 273,370 |
| Group/Directors Accounts | |||||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | |||||||||
| total current liabilities | 188,081 | 343,639 | 497,170 | 655,897 | 760,676 | 653,817 | 324,776 | 260,482 | 273,370 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | 500 | 500 | 500 | 500 | 500 | 636 | 572 | 572 | 1,689 |
| total long term liabilities | 500 | 500 | 500 | 500 | 500 | 636 | 572 | 572 | 1,689 |
| total liabilities | 188,581 | 344,139 | 497,670 | 656,397 | 761,176 | 654,453 | 325,348 | 261,054 | 275,059 |
| net assets | 523,382 | 362,187 | 163,232 | 106,051 | 31,131 | 71,620 | 8,763 | 451,082 | 367,434 |
| total shareholders funds | 523,382 | 362,187 | 163,232 | 106,051 | 31,131 | 71,620 | 8,763 | 451,082 | 367,434 |
| Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 1,010 | 1,376 | 1,891 | 2,553 | 2,441 | 3,015 | 3,493 | 4,333 | |
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | -4,417 | -2,436 | 2,445 | -1,644 | 845 | 83 | -3,582 | 4,370 | 4,336 |
| Debtors | 174,364 | 80,661 | -187,550 | 49,473 | 117,647 | 308,252 | -260,189 | 54,050 | 374,471 |
| Creditors | -155,558 | -153,531 | -158,727 | -104,779 | 106,859 | 329,041 | 64,294 | -12,888 | 273,370 |
| Accruals and Deferred Income | |||||||||
| Deferred Taxes & Provisions | -136 | 64 | -1,117 | 1,689 | |||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | |||||||||
| Other Short Term Loans | |||||||||
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -162,911 | -31,791 | 84,936 | -75,798 | -50,895 | 86,068 | -114,538 | 14,715 | 250,214 |
| overdraft | |||||||||
| change in cash | -162,911 | -31,791 | 84,936 | -75,798 | -50,895 | 86,068 | -114,538 | 14,715 | 250,214 |
garritts (caterers) limited Credit Report and Business Information
Garritts (caterers) Limited Competitor Analysis
Perform a competitor analysis for garritts (caterers) limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in LS1 area or any other competitors across 12 key performance metrics.
garritts (caterers) limited Ownership
GARRITTS (CATERERS) LIMITED group structure
Garritts (Caterers) Limited has no subsidiary companies.
Ultimate parent company
1 parent
GARRITTS (CATERERS) LIMITED
00469233
garritts (caterers) limited directors
Garritts (Caterers) Limited currently has 1 director, Mr Daniel Gill serving since Nov 2006.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Gill | 52 years | Nov 2006 | - | Director |
P&L
September 2017turnover
4.1m
+66%
operating profit
203.7k
0%
gross margin
21.4%
-9.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2017net assets
523.4k
+0.45%
total assets
712k
+0.01%
cash
0
-1%
net assets
Total assets minus all liabilities
garritts (caterers) limited company details
company number
00469233
Type
Private limited with Share Capital
industry
56210 - Event catering activities
incorporation date
June 1949
age
76
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
September 2017
previous names
N/A
accountant
-
auditor
-
address
floor 2 10 wellington place, leeds, LS1 4AP
Bank
HSBC BANK PLC
Legal Advisor
-
garritts (caterers) 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 2 charges/mortgages relating to garritts (caterers) limited. Currently there are 0 open charges and 2 have been satisfied in the past.
garritts (caterers) limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for GARRITTS (CATERERS) LIMITED. This can take several minutes, an email will notify you when this has completed.
garritts (caterers) limited Companies House Filings - See Documents
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