Brasteds Limited

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brasteds limited Company Information

Live

MatureSmallHigh

Company Number

02022804

Website

www.brasteds.co.uk

Registered Address

manor farm barns, fox road, framingham pigot, norwich, norfolk, NR14 7PZ

Industry

Licensed restaurants

Event catering activities

Telephone

01508491112

Next Accounts Due

January 2025

Group Structure

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Directors

Nicholas Mills23 Years

Christopher Busby16 Years

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Shareholders

christopher busby 50%

nicholas bryan mills 50%

brasteds limited Estimated Valuation

£1m

Pomanda estimates the enterprise value of BRASTEDS LIMITED at £1m based on a Turnover of £1.7m and 0.6x industry multiple (adjusted for size and gross margin).

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Brasteds Limited is a live company located in norwich, NR14 7PZ with a Companies House number of 02022804. It operates in the licenced restaurants sector, SIC Code 56101. Founded in May 1986, it's largest shareholder is christopher busby with a 50% stake. Brasteds Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with high growth in recent years.

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Pomanda's financial health check has awarded Brasteds Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £1.7m, make it larger than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (3.3%)

EXPORT

Brasteds Limited's latest turnover from April 2023 is estimated at £1.7 million and the company has net assets of -£293.8 thousand. According to their latest financial statements, Brasteds Limited has 49 employees and maintains cash reserves of £57.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	1,690,693	1,861,286	730,435	1,072,897	1,674,105	1,202,026	1,630,421	1,013,611	1,153,633	1,504,390	1,186,167	1,347,191	1,237,282	1,488,839
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	858,307	955,470	395,989	542,744	825,647	578,266	766,808	549,652	643,863	723,720	565,227	650,438	556,763	670,325
Gross Profit	832,385	905,816	334,446	530,153	848,458	623,759	863,613	463,959	509,770	780,670	620,940	696,753	680,520	818,513
Admin Expenses	1,171,219	1,041,704	379,884	471,935	793,617	578,026	811,275	516,386	453,465	806,538	589,954	555,259	592,296	991,320
Operating Profit	-338,834	-135,888	-45,438	58,218	54,841	45,733	52,338	-52,427	56,305	-25,868	30,986	141,494	88,224	-172,807
Interest Payable	123,000	40,500	0	0	0	0	0	0	13,201	0	244	244	0	0
Interest Receivable	4,927	1,241	288	390	2,633	1,471	483	588	0	1,633	1,637	1,181	640	223
Pre-Tax Profit	-456,907	-175,147	-45,150	58,607	57,474	47,204	52,821	-51,839	43,104	-24,235	32,379	142,432	88,864	-172,584
Tax	0	0	0	-11,135	-10,920	-8,969	-10,036	7,486	-11,497	0	-7,447	-34,184	-23,105	0
Profit After Tax	-456,907	-175,147	-45,150	47,472	46,554	38,235	42,785	-44,353	31,607	-24,235	24,932	108,248	65,759	-172,584
Dividends Paid	0	0	0	0	0	0	0	0	30,000	0	0	0	0	0
Retained Profit	-456,907	-175,147	-45,150	47,472	46,554	38,235	42,785	-44,353	1,607	-24,235	24,932	108,248	65,759	-172,584
Employee Costs	914,743	1,034,261	496,007	509,813	530,699	553,392	695,016	347,108	360,845	462,235	387,543	462,851	437,316	528,016
Number Of Employees	49	58	30	30	30	30	40	20	20	27	24	28	29	34
EBITDA*	-313,984	-104,647	-13,074	93,809	82,973	79,030	94,912	-2,927	99,891	4,362	55,653	163,334	110,064	-160,542

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	74,558	93,719	108,851	134,476	114,292	132,762	151,986	165,054	204,421	118,107	132,425	123,863	130,262	133,327
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	100	100	100	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	1,402,960	1,319,760	156,950	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,477,618	1,413,579	265,901	134,476	114,292	132,762	151,986	165,054	204,421	118,107	132,425	123,863	130,262	133,327
Stock & work in progress	37,829	33,655	16,998	15,084	21,700	21,235	20,616	23,119	20,422	22,540	26,281	25,664	16,874	12,665
Trade Debtors	12,729	118,964	25,572	41,887	122,567	43,893	70,635	75,821	41,425	87,569	67,145	84,322	83,941	104,176
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	39,575	60,231	66,433	7,430	24,101	10,457	11,765	64,849	14,434	0	0	0	0	0
Cash	57,925	173,955	157,026	418,152	361,447	340,591	247,657	138,597	195,628	303,743	349,300	305,677	166,769	89,147
misc current assets	0	0	0	0	0	0	50,588	0	0	0	0	0	0	0
total current assets	148,058	386,805	266,029	482,553	529,815	416,176	401,261	302,386	271,909	413,852	442,726	415,663	267,584	205,988
total assets	1,625,676	1,800,384	531,930	617,029	644,107	548,938	553,247	467,440	476,330	531,959	575,151	539,526	397,846	339,315
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	410,654	376,273	130,608	141,756	248,625	155,746	213,930	63,674	62,258	248,947	225,879	198,603	159,400	150,006
Group/Directors Accounts	0	0	0	0	0	0	0	4,204	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	183,847	61,029	41,768	66,111	44,018	84,082	66,413	176,224	138,895	0	0	0	0	0
total current liabilities	594,501	437,302	172,376	207,867	292,643	239,828	280,343	244,102	201,153	248,947	225,879	198,603	159,400	150,006
loans	1,200,000	1,200,000	0	0	0	0	0	0	0	0	0	7,500	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	125,000	0	0	0	0	0	0	0	0	20,942	63,066	72,189	96,312	112,934
provisions	0	0	21,325	25,783	15,557	19,757	21,786	15,005	22,491	10,991	10,892	10,852	0	0
total long term liabilities	1,325,000	1,200,000	21,325	25,783	15,557	19,757	21,786	15,005	22,491	31,933	73,958	90,541	96,312	112,934
total liabilities	1,919,501	1,637,302	193,701	233,650	308,200	259,585	302,129	259,107	223,644	280,880	299,837	289,144	255,712	262,940
net assets	-293,825	163,082	338,229	383,379	335,907	289,353	251,118	208,333	252,686	251,079	275,314	250,382	142,134	76,375
total shareholders funds	-293,825	163,082	338,229	383,379	335,907	289,353	251,118	208,333	252,686	251,079	275,314	250,382	142,134	76,375

	Apr 2023	Apr 2022	Apr 2021	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	-338,834	-135,888	-45,438	58,218	54,841	45,733	52,338	-52,427	56,305	-25,868	30,986	141,494	88,224	-172,807
Depreciation	24,850	31,241	32,364	35,591	28,132	33,297	42,574	49,500	43,586	30,230	24,667	21,840	21,840	12,265
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-11,135	-10,920	-8,969	-10,036	7,486	-11,497	0	-7,447	-34,184	-23,105	0
Stock	4,174	16,657	1,914	-6,616	465	619	-2,503	2,697	-2,118	-3,741	617	8,790	4,209	12,665
Debtors	-43,691	1,250,000	199,638	-97,351	92,318	-28,050	-58,270	84,811	-31,710	20,424	-17,177	381	-20,235	104,176
Creditors	34,381	245,665	-11,148	-106,869	92,879	-58,184	150,256	1,416	-186,689	23,068	27,276	39,203	9,394	150,006
Accruals and Deferred Income	122,818	19,261	-24,343	22,093	-40,064	17,669	-109,811	37,329	138,895	0	0	0	0	0
Deferred Taxes & Provisions	0	-21,325	-4,458	10,226	-4,200	-2,029	6,781	-7,486	11,500	99	40	10,852	0	0
Cash flow from operations	-117,268	-1,127,703	-254,575	112,091	27,885	54,948	192,875	-51,690	85,928	10,846	92,082	170,034	112,379	-127,377
Investing Activities
capital expenditure	-5,689	-16,109	-6,739	-55,775	-9,662	-14,073	-29,506	-10,133	-129,900	-15,912	-33,229	-15,441	-18,775	-145,592
Change in Investments	0	0	100	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-5,689	-16,109	-6,839	-55,775	-9,662	-14,073	-29,506	-10,133	-129,900	-15,912	-33,229	-15,441	-18,775	-145,592
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-4,204	4,204	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	1,200,000	0	0	0	0	0	0	0	0	-7,500	7,500	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	125,000	0	0	0	0	0	0	0	-20,942	-42,124	-9,123	-24,123	-16,622	112,934
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	248,959
interest	-118,073	-39,259	288	390	2,633	1,471	483	588	-13,201	1,633	1,393	937	640	223
cash flow from financing	6,927	1,160,741	288	390	2,633	1,471	-3,721	4,792	-34,143	-40,491	-15,230	-15,686	-15,982	362,116
cash and cash equivalents
cash	-116,030	16,929	-261,126	56,705	20,856	92,934	109,060	-57,031	-108,115	-45,557	43,623	138,908	77,622	89,147
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-116,030	16,929	-261,126	56,705	20,856	92,934	109,060	-57,031	-108,115	-45,557	43,623	138,908	77,622	89,147

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BRASTEDS LIMITED group structure

Brasteds Limited has no subsidiary companies.

Ultimate parent company

BRASTEDS LIMITED

02022804

BRASTEDS LIMITED Shareholders

christopher busby	50%
nicholas bryan mills	50%

Brasteds Limited currently has 3 directors. The longest serving directors include Mr Nicholas Mills (Mar 2001) and Mr Christopher Busby (Apr 2008).

officer	country	age	start	end	role
Mr Nicholas Mills		54 years	Mar 2001	-	Director
Mr Christopher Busby	United Kingdom	51 years	Apr 2008	-	Director
Miss Sian De Waal	United Kingdom	40 years	Apr 2021	-	Director

P&L

April 2023

turnover

1.7m

-9%

operating profit

-338.8k

gross margin

49.3%

+1.17%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

April 2023

net assets

-293.8k

-2.8%

total assets

1.6m

-0.1%

cash

57.9k

-0.67%

net assets

Total assets minus all liabilities

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company number

02022804

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

56210 - Event catering activities

incorporation date

May 1986

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

April 2023

address

manor farm barns, fox road, framingham pigot, norwich, norfolk, NR14 7PZ

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 8 charges/mortgages relating to brasteds limited. Currently there are 3 open charges and 5 have been satisfied in the past.

brasteds limited Company Information

brasteds limited Estimated Valuation

brasteds limited Estimated Valuation

brasteds limited Estimated Valuation

Brasteds Limited Overview

Brasteds Limited Health Check

BRASTEDS LIMITED financials

brasteds limited Credit Report and Business Information

Brasteds Limited Competitor Analysis

brasteds limited Ownership

brasteds limited directors

brasteds limited company details

brasteds limited Charges & Mortgages

brasteds limited Companies House Filings - See Documents