eghoyan's pitta bakery limited
eghoyan's pitta bakery limited Company Information
Company Number
01239248
Next Accounts
1111 days late
Directors
Shareholders
michael's pitta bread bakery ltd
Group Structure
View All
Industry
Manufacture of bread; manufacture of fresh pastry goods and cakes
Registered Address
2nd floor 110 cannon street, london, EC4N 6EU
Website
http://michaelspitta.comeghoyan's pitta bakery limited Estimated Valuation
Pomanda estimates the enterprise value of EGHOYAN'S PITTA BAKERY LIMITED at £4.3m based on a Turnover of £11.4m and 0.37x industry multiple (adjusted for size and gross margin).
eghoyan's pitta bakery limited Estimated Valuation
Pomanda estimates the enterprise value of EGHOYAN'S PITTA BAKERY LIMITED at £9.7m based on an EBITDA of £3.5m and a 2.73x industry multiple (adjusted for size and gross margin).
eghoyan's pitta bakery limited Estimated Valuation
Pomanda estimates the enterprise value of EGHOYAN'S PITTA BAKERY LIMITED at £12.4m based on Net Assets of £6m and 2.08x industry multiple (adjusted for liquidity).
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Eghoyan's Pitta Bakery Limited Overview
Eghoyan's Pitta Bakery Limited is a live company located in london, EC4N 6EU with a Companies House number of 01239248. It operates in the manufacture of bread sector, SIC Code 10710. Founded in January 1976, it's largest shareholder is michael's pitta bread bakery ltd with a 100% stake. Eghoyan's Pitta Bakery Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.4m with low growth in recent years.
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Eghoyan's Pitta Bakery Limited Health Check
Pomanda's financial health check has awarded Eghoyan'S Pitta Bakery Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £11.4m, make it in line with the average company (£13.4m)
£11.4m - Eghoyan's Pitta Bakery Limited
£13.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (4.7%)
4% - Eghoyan's Pitta Bakery Limited
4.7% - Industry AVG
Production
with a gross margin of 4.8%, this company has a higher cost of product (30.3%)
4.8% - Eghoyan's Pitta Bakery Limited
30.3% - Industry AVG
Profitability
an operating margin of 30.9% make it more profitable than the average company (3.6%)
30.9% - Eghoyan's Pitta Bakery Limited
3.6% - Industry AVG
Employees
with 72 employees, this is below the industry average (183)
72 - Eghoyan's Pitta Bakery Limited
183 - Industry AVG
Pay Structure
on an average salary of £27.4k, the company has an equivalent pay structure (£26.9k)
£27.4k - Eghoyan's Pitta Bakery Limited
£26.9k - Industry AVG
Efficiency
resulting in sales per employee of £158k, this is more efficient (£92k)
£158k - Eghoyan's Pitta Bakery Limited
£92k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is near the average (41 days)
40 days - Eghoyan's Pitta Bakery Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (38 days)
7 days - Eghoyan's Pitta Bakery Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (23 days)
6 days - Eghoyan's Pitta Bakery Limited
23 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (7 weeks)
1 weeks - Eghoyan's Pitta Bakery Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29%, this is a lower level of debt than the average (54.6%)
29% - Eghoyan's Pitta Bakery Limited
54.6% - Industry AVG
EGHOYAN'S PITTA BAKERY LIMITED financials
Eghoyan'S Pitta Bakery Limited's latest turnover from May 2020 is £11.4 million and the company has net assets of £6 million. According to their latest financial statements, Eghoyan'S Pitta Bakery Limited has 72 employees and maintains cash reserves of £50.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 11,372,647 | 13,559,382 | 12,170,933 | 10,122,763 | 9,806,980 | 10,715,371 | 9,664,132 | 8,336,015 | 8,298,164 | 7,784,952 | 8,845,859 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 10,830,909 | 13,105,916 | 11,861,335 | 7,121,500 | 5,869,977 | 9,455,401 | 8,356,300 | 7,445,214 | 7,203,987 | 6,697,407 | 6,730,935 |
| Gross Profit | 541,738 | 453,466 | 309,598 | 3,001,263 | 3,937,003 | 1,259,970 | 1,307,832 | 890,801 | 1,094,177 | 1,087,545 | 2,114,924 |
| Admin Expenses | -2,966,572 | 262,844 | 237,326 | 1,412,554 | 3,881,687 | 684,124 | 1,353,671 | 756,153 | 1,010,063 | 799,106 | 926,198 |
| Operating Profit | 3,508,310 | 190,622 | 72,272 | 1,588,709 | 55,316 | 575,846 | -45,839 | 134,648 | 84,114 | 288,439 | 1,188,726 |
| Interest Payable | 43,619 | 54,530 | 28,241 | 1,000 | 55,454 | 44,677 | 37,399 | 59,448 | 35,682 | 18,898 | 18,664 |
| Interest Receivable | 642 | 4 | 2,587 | 97 | |||||||
| Pre-Tax Profit | 3,464,691 | 136,092 | 44,031 | 1,587,709 | -138 | 531,811 | -83,238 | 75,200 | 48,436 | 272,128 | 1,170,159 |
| Tax | -289,568 | 2,407 | -40,313 | -258,516 | 9,944 | 7,251 | 8,388 | 10,070 | 41,750 | -50,082 | -325,847 |
| Profit After Tax | 3,175,123 | 138,499 | 3,718 | 1,329,193 | 9,806 | 539,062 | -74,850 | 85,270 | 90,186 | 222,046 | 844,312 |
| Dividends Paid | 704,967 | 411,494 | 163,258 | ||||||||
| Retained Profit | 3,175,123 | 138,499 | 3,718 | 1,329,193 | 9,806 | 539,062 | -74,850 | 85,270 | -614,781 | -189,448 | 681,054 |
| Employee Costs | 1,975,804 | 2,182,373 | 2,022,136 | 3,008,946 | 3,361,969 | 3,147,003 | 3,043,125 | 3,099,051 | 2,785,452 | 2,746,181 | |
| Number Of Employees | 72 | 81 | 126 | 132 | 130 | 116 | 106 | 97 | 91 | ||
| EBITDA* | 3,534,897 | 219,550 | 102,655 | 1,657,044 | 139,362 | 671,501 | 55,618 | 252,174 | 216,834 | 427,889 | 1,349,287 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 701,801 | 733,570 | 763,953 | 928,135 | 1,000,966 | 1,096,621 | 1,198,078 | 1,299,604 | 1,420,284 | 1,453,269 | |
| Intangible Assets | |||||||||||
| Investments & Other | 4,015,000 | ||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 4,015,000 | 701,801 | 733,570 | 763,953 | 928,135 | 1,000,966 | 1,096,621 | 1,198,078 | 1,299,604 | 1,420,284 | 1,453,269 |
| Stock & work in progress | 201,467 | 183,240 | 212,430 | 148,131 | 207,532 | 190,468 | 297,589 | 322,570 | 388,842 | 455,199 | 273,313 |
| Trade Debtors | 1,256,087 | 1,557,683 | 1,868,564 | 1,438,757 | 1,218,008 | 1,662,558 | 1,381,020 | 1,622,062 | 1,044,013 | 1,052,597 | 944,496 |
| Group Debtors | 2,843,946 | 2,589,365 | 1,963,426 | 6,393,696 | 248,547 | 270,030 | |||||
| Misc Debtors | 65,250 | 102,650 | 77,855 | 71,779 | 138,846 | 194,353 | 162,714 | 213,104 | 166,413 | 189,320 | 97,947 |
| Cash | 50,064 | 132,883 | 7,479 | 94,574 | 18,238 | 253,488 | 598,088 | 61,745 | 125,282 | 194,590 | 180,911 |
| misc current assets | |||||||||||
| total current assets | 4,416,814 | 4,565,821 | 4,129,754 | 8,146,937 | 1,831,171 | 2,570,897 | 2,439,411 | 2,219,481 | 1,724,550 | 1,891,706 | 1,496,667 |
| total assets | 8,431,814 | 5,267,622 | 4,863,324 | 8,910,890 | 2,759,306 | 3,571,863 | 3,536,032 | 3,417,559 | 3,024,154 | 3,311,990 | 2,949,936 |
| Bank overdraft | 738,437 | 833,163 | 684,248 | 186,695 | 874,673 | 851,409 | 1,139,618 | 835,185 | 1,024,214 | 507,680 | 223,159 |
| Bank loan | |||||||||||
| Trade Creditors | 236,711 | 199,737 | 148,136 | 148,284 | 251,484 | 1,027,659 | 732,847 | 994,014 | 952,222 | 1,076,827 | 723,635 |
| Group/Directors Accounts | 726,961 | 710,809 | 630,047 | 5,280,129 | 389,604 | ||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 477,027 | 716,076 | 731,555 | 630,162 | 296,722 | 361,602 | 864,185 | 316,136 | 240,298 | 263,532 | 310,130 |
| total current liabilities | 2,179,136 | 2,459,785 | 2,193,986 | 6,245,270 | 1,422,879 | 2,240,670 | 2,736,650 | 2,534,939 | 2,216,734 | 1,848,039 | 1,256,924 |
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | 269,717 | 4,572 | 11,823 | 20,211 | 30,281 | 72,031 | 111,644 | ||||
| total long term liabilities | 269,717 | 4,572 | 11,823 | 20,211 | 30,281 | 72,031 | 111,644 | ||||
| total liabilities | 2,448,853 | 2,459,785 | 2,193,986 | 6,245,270 | 1,422,879 | 2,245,242 | 2,748,473 | 2,555,150 | 2,247,015 | 1,920,070 | 1,368,568 |
| net assets | 5,982,961 | 2,807,837 | 2,669,338 | 2,665,620 | 1,336,427 | 1,326,621 | 787,559 | 862,409 | 777,139 | 1,391,920 | 1,581,368 |
| total shareholders funds | 5,982,961 | 2,807,837 | 2,669,338 | 2,665,620 | 1,336,427 | 1,326,621 | 787,559 | 862,409 | 777,139 | 1,391,920 | 1,581,368 |
| May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 3,508,310 | 190,622 | 72,272 | 1,588,709 | 55,316 | 575,846 | -45,839 | 134,648 | 84,114 | 288,439 | 1,188,726 |
| Depreciation | 26,587 | 28,928 | 30,383 | 68,335 | 84,046 | 95,655 | 101,457 | 117,526 | 132,720 | 139,450 | 160,561 |
| Amortisation | |||||||||||
| Tax | -289,568 | 2,407 | -40,313 | -258,516 | 9,944 | 7,251 | 8,388 | 10,070 | 41,750 | -50,082 | -325,847 |
| Stock | 18,227 | -29,190 | 64,299 | -59,401 | 17,064 | -107,121 | -24,981 | -66,272 | -66,357 | 181,886 | 273,313 |
| Debtors | -84,415 | 339,853 | -3,994,387 | 6,298,831 | -521,540 | 583,207 | -291,432 | 624,740 | -31,491 | 199,474 | 1,042,443 |
| Creditors | 36,974 | 51,601 | -148 | -103,200 | -776,175 | 294,812 | -261,167 | 41,792 | -124,605 | 353,192 | 723,635 |
| Accruals and Deferred Income | -239,049 | -15,479 | 101,393 | 333,440 | -64,880 | -502,583 | 548,049 | 75,838 | -23,234 | -46,598 | 310,130 |
| Deferred Taxes & Provisions | 269,717 | -4,572 | -7,251 | -8,388 | -10,070 | -41,750 | -39,613 | 111,644 | |||
| Cash flow from operations | 3,379,159 | -52,584 | 4,093,675 | -4,610,662 | -191,845 | -12,356 | 658,913 | -188,664 | 166,843 | 263,428 | 853,093 |
| Investing Activities | |||||||||||
| capital expenditure | -16,000 | -12,830 | -106,465 | -226,986 | |||||||
| Change in Investments | 4,015,000 | ||||||||||
| cash flow from investments | -16,000 | -12,830 | -106,465 | -226,986 | |||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | 16,152 | 80,762 | -4,650,082 | 5,280,129 | -389,604 | 389,604 | |||||
| Other Short Term Loans | |||||||||||
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | -43,619 | -54,530 | -28,241 | -1,000 | -55,454 | -44,035 | -37,399 | -59,448 | -35,678 | -16,311 | -18,567 |
| cash flow from financing | -27,466 | 26,232 | -4,678,323 | 5,279,129 | -55,454 | -44,035 | -427,003 | 330,156 | -35,678 | -16,311 | 881,747 |
| cash and cash equivalents | |||||||||||
| cash | -82,819 | 125,404 | -87,095 | 76,336 | -235,250 | -344,600 | 536,343 | -63,537 | -69,308 | 13,679 | 180,911 |
| overdraft | -94,726 | 148,915 | 497,553 | -687,978 | 23,264 | -288,209 | 304,433 | -189,029 | 516,534 | 284,521 | 223,159 |
| change in cash | 11,907 | -23,511 | -584,648 | 764,314 | -258,514 | -56,391 | 231,910 | 125,492 | -585,842 | -270,842 | -42,248 |
eghoyan's pitta bakery limited Credit Report and Business Information
Eghoyan's Pitta Bakery Limited Competitor Analysis
Perform a competitor analysis for eghoyan's pitta bakery limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in EC4N area or any other competitors across 12 key performance metrics.
eghoyan's pitta bakery limited Ownership
EGHOYAN'S PITTA BAKERY LIMITED group structure
Eghoyan'S Pitta Bakery Limited has no subsidiary companies.
Ultimate parent company
1 parent
EGHOYAN'S PITTA BAKERY LIMITED
01239248
eghoyan's pitta bakery limited directors
Eghoyan'S Pitta Bakery Limited currently has 1 director, Mr Andrew Charalambous serving since Jan 2007.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Charalambous | 50 years | Jan 2007 | - | Director |
P&L
May 2020turnover
11.4m
-16%
operating profit
3.5m
+1740%
gross margin
4.8%
+42.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2020net assets
6m
+1.13%
total assets
8.4m
+0.6%
cash
50.1k
-0.62%
net assets
Total assets minus all liabilities
eghoyan's pitta bakery limited company details
company number
01239248
Type
Private limited with Share Capital
industry
10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
incorporation date
January 1976
age
49
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
May 2020
previous names
eghoyan bitta bakery limited (December 1982)
accountant
NUMERA PARTNERS LLP
auditor
-
address
2nd floor 110 cannon street, london, EC4N 6EU
Bank
-
Legal Advisor
-
eghoyan's pitta bakery 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 15 charges/mortgages relating to eghoyan's pitta bakery limited. Currently there are 8 open charges and 7 have been satisfied in the past.
eghoyan's pitta bakery 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 EGHOYAN'S PITTA BAKERY LIMITED. This can take several minutes, an email will notify you when this has completed.
eghoyan's pitta bakery limited Companies House Filings - See Documents
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