Waris Enterprises Limited

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waris enterprises limited Company Information

Live

MatureMicroLow

Company Number

02843021

Website

Registered Address

17 plumbers row, unit d, upper ground floor, london, E1 1EQ

Industry

Licensed restaurants

Telephone

Next Accounts Due

May 2025

Group Structure

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Directors

Amaan Monaf4 Years

Suheb Ahmed3 Years

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Shareholders

roukshana monaf 25%

suheb ahmed 25%

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waris enterprises limited Estimated Valuation

£477.3k

Pomanda estimates the enterprise value of WARIS ENTERPRISES LIMITED at £477.3k based on Net Assets of £156.9k and 3.04x industry multiple (adjusted for liquidity).

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Waris Enterprises Limited is a live company located in london, E1 1EQ with a Companies House number of 02843021. It operates in the licenced restaurants sector, SIC Code 56101. Founded in August 1993, it's largest shareholder is roukshana monaf with a 25% stake. Waris Enterprises Limited is a mature, micro sized company, Pomanda has estimated its turnover at £321.8k with low growth in recent years.

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Pomanda's financial health check has awarded Waris Enterprises Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £321.8k, make it smaller than the average company (£2.4m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6%)

EXPORT

Waris Enterprises Limited's latest turnover from August 2023 is estimated at £321.8 thousand and the company has net assets of £156.9 thousand. According to their latest financial statements, Waris Enterprises Limited has 7 employees and maintains cash reserves of £13.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	321,756	267,746	165,614	293,115	316,268	289,297	272,822	215,168	54,637	377,306	421,331	375,745	363,867	328,894	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	147,064	119,489	69,445	120,007	129,136	114,309	104,494	83,881	21,486	149,682	170,285	149,892	148,978	130,339	0
Gross Profit	174,693	148,257	96,168	173,108	187,131	174,988	168,328	131,287	33,150	227,624	251,046	225,853	214,888	198,555	0
Admin Expenses	171,960	127,838	73,793	183,486	179,875	197,101	168,946	154,242	11,490	199,931	230,936	215,932	185,463	185,696	-122,030
Operating Profit	2,733	20,419	22,375	-10,378	7,256	-22,113	-618	-22,955	21,660	27,693	20,110	9,921	29,425	12,859	122,030
Interest Payable	4,378	4,111	3,398	1,525	0	0	43	331	300	0	0	0	0	0	0
Interest Receivable	503	445	57	40	51	65	20	12	32	26	12	4	4	4	2
Pre-Tax Profit	-1,142	16,753	19,033	-11,863	7,306	-22,048	-641	-23,274	21,393	27,719	20,122	9,925	29,428	12,863	122,032
Tax	0	-3,183	-3,616	0	-1,388	0	0	0	-4,278	-5,821	-4,628	-2,382	-7,651	-3,601	-34,169
Profit After Tax	-1,142	13,570	15,417	-11,863	5,918	-22,048	-641	-23,274	17,114	21,898	15,494	7,543	21,777	9,261	87,863
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,142	13,570	15,417	-11,863	5,918	-22,048	-641	-23,274	17,114	21,898	15,494	7,543	21,777	9,261	87,863
Employee Costs	134,388	125,941	118,716	153,617	163,018	139,333	133,105	99,205	32,886	125,837	155,428	132,658	131,465	112,191	0
Number Of Employees	7	7	7	9	9	8	8	6	2	8	10	9	9	8	0
EBITDA*	28,391	37,113	38,513	4,624	21,860	-9,019	12,778	-9,203	35,832	42,359	34,306	14,240	34,450	19,804	129,480

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	134,342	149,230	153,024	157,965	167,087	169,902	182,996	196,392	210,144	224,316	220,132	234,328	237,776	242,476	248,183
Intangible Assets	55,263	66,033	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	189,605	215,263	153,024	157,965	167,087	169,902	182,996	196,392	210,144	224,316	220,132	234,328	237,776	242,476	248,183
Stock & work in progress	3,905	3,750	3,860	4,000	6,000	8,000	7,250	8,225	8,925	7,925	8,250	8,125	7,800	7,610	625
Trade Debtors	7,484	7,095	0	0	0	0	0	0	0	7,823	8,635	6,520	6,489	5,810	5,899
Group Debtors	14,604	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,299	4,402	65,883	2,619	10,345	9,542	7,477	7,876	7,077	0	0	0	0	0	0
Cash	13,119	6,991	43,882	70,704	8,733	4,742	12,567	3,086	6,164	6,553	3,871	768	748	712	740
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	42,411	22,238	113,625	77,323	25,078	22,284	27,294	19,187	22,166	22,301	20,756	15,413	15,037	14,132	7,264
total assets	232,016	237,501	266,649	235,288	192,165	192,186	210,290	215,579	232,310	246,617	240,888	249,741	252,813	256,608	255,447
Bank overdraft	10,776	0	12,312	0	0	0	0	1,363	7,892	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	3,399	289	14,469	15,960	7,452	22,796	14,514	26,323	11,077	74,303	83,326	123,295	106,493	81,431	88,905
Group/Directors Accounts	0	0	0	0	0	0	0	452	3,783	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	31,812	29,548	41,318	36,818	40,535	32,553	36,564	27,071	24,107	0	0	0	0	0	0
total current liabilities	45,987	29,837	68,099	52,778	47,987	55,349	51,078	55,209	46,859	74,303	83,326	123,295	106,493	81,431	88,905
loans	24,164	44,657	49,113	50,000	0	0	0	0	1,331	0	0	0	0	0	0
hp & lease commitments	0	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	0
other liabilities	0	0	0	0	0	0	0	0	0	8,476	15,622	0	27,417	78,051	78,677
provisions	4,976	4,976	4,976	3,466	3,271	1,848	2,175	2,692	3,168	0	0	0	0	0	0
total long term liabilities	29,140	49,633	54,089	53,466	3,271	1,848	2,175	2,692	4,499	8,476	15,622	0	27,417	78,051	78,677
total liabilities	75,127	79,470	122,188	106,244	51,258	57,197	53,253	57,901	51,358	82,779	98,948	123,295	133,910	159,482	167,582
net assets	156,889	158,031	144,461	129,044	140,907	134,989	157,037	157,678	180,952	163,838	141,940	126,446	118,903	97,126	87,865
total shareholders funds	156,889	158,031	144,461	129,044	140,907	134,989	157,037	157,678	180,952	163,838	141,940	126,446	118,903	97,126	87,865

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	2,733	20,419	22,375	-10,378	7,256	-22,113	-618	-22,955	21,660	27,693	20,110	9,921	29,425	12,859	122,030
Depreciation	14,888	16,694	16,138	15,002	14,604	13,094	13,396	13,752	14,172	14,666	14,196	4,319	5,025	6,945	7,450
Amortisation	10,770	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-3,183	-3,616	0	-1,388	0	0	0	-4,278	-5,821	-4,628	-2,382	-7,651	-3,601	-34,169
Stock	155	-110	-140	-2,000	-2,000	750	-975	-700	1,000	-325	125	325	190	6,985	625
Debtors	13,890	-54,386	63,264	-7,726	803	2,065	-399	799	-746	-812	2,115	31	679	-89	5,899
Creditors	3,110	-14,180	-1,491	8,508	-15,344	8,282	-11,809	15,246	-63,226	-9,023	-39,969	16,802	25,062	-7,474	88,905
Accruals and Deferred Income	2,264	-11,770	4,500	-3,717	7,982	-4,011	9,493	2,964	24,107	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	1,510	195	1,423	-327	-517	-476	3,168	0	0	0	0	0	0
Cash flow from operations	19,720	62,476	-23,708	19,336	15,730	-7,890	11,319	8,432	-4,651	28,652	-12,531	28,304	50,992	1,833	177,692
Investing Activities
capital expenditure	0	-78,933	-11,197	-5,880	-11,789	0	0	0	0	-18,850	0	-871	-325	-1,238	-255,633
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-78,933	-11,197	-5,880	-11,789	0	0	0	0	-18,850	0	-871	-325	-1,238	-255,633
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-452	-3,331	3,783	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-20,493	-4,456	-887	50,000	0	0	0	-1,331	1,331	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-8,476	-7,146	15,622	-27,417	-50,634	-626	78,677
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	-3,875	-3,666	-3,341	-1,485	51	65	-23	-319	-268	26	12	4	4	4	2
cash flow from financing	-24,368	-8,122	-4,228	48,515	51	65	-475	-4,981	-3,630	-7,120	15,634	-27,413	-50,630	-622	78,681
cash and cash equivalents
cash	6,128	-36,891	-26,822	61,971	3,991	-7,825	9,481	-3,078	-389	2,682	3,103	20	36	-28	740
overdraft	10,776	-12,312	12,312	0	0	0	-1,363	-6,529	7,892	0	0	0	0	0	0
change in cash	-4,648	-24,579	-39,134	61,971	3,991	-7,825	10,844	3,451	-8,281	2,682	3,103	20	36	-28	740

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WARIS ENTERPRISES LIMITED group structure

Waris Enterprises Limited has no subsidiary companies.

Ultimate parent company

WARIS ENTERPRISES LIMITED

02843021

WARIS ENTERPRISES LIMITED Shareholders

roukshana monaf	25%
suheb ahmed	25%
amaan monaf	25%
luma khanom	25%

Waris Enterprises Limited currently has 4 directors. The longest serving directors include Mr Amaan Monaf (Mar 2020) and Mr Suheb Ahmed (Sep 2021).

officer	country	age	start	end	role
Mr Amaan Monaf	England	22 years	Mar 2020	-	Director
Mr Suheb Ahmed	England	40 years	Sep 2021	-	Director
Miss Luma Khanom	England	34 years	Sep 2021	-	Director
Mr Imran Monaf	United Kingdom	43 years	Jan 2023	-	Director

P&L

August 2023

turnover

321.8k

+20%

operating profit

2.7k

gross margin

54.3%

-1.95%

turnover

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

Balance Sheet

August 2023

net assets

156.9k

-0.01%

total assets

232k

-0.02%

cash

13.1k

+0.88%

net assets

Total assets minus all liabilities

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company number

02843021

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

incorporation date

August 1993

ultimate parent company

None

previous names

N/A

address

17 plumbers row, unit d, upper ground floor, london, E1 1EQ

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 1 charges/mortgages relating to waris enterprises limited. Currently there are 1 open charges and 0 have been satisfied in the past.

waris enterprises limited Company Information

waris enterprises limited Estimated Valuation

waris enterprises limited Estimated Valuation

waris enterprises limited Estimated Valuation

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