Promenade Restaurants Limited

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promenade restaurants limited Company Information

Live

MatureMicroDeclining

Company Number

03148178

Website

www.thewestminsterpromenade.com

Registered Address

2nd floor, 2 queen square, liverpool, L1 1RH

Industry

Management of real estate on a fee or contract basis

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Telephone

01512931010

Next Accounts Due

September 2025

Group Structure

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Directors

Peter Hynd11 Years

Daniel Hynd11 Years

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Shareholders

heleana elizabeth mae spencer 12.5%

faith allanah rose hynd 12.5%

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promenade restaurants limited Estimated Valuation

£15m

Pomanda estimates the enterprise value of PROMENADE RESTAURANTS LIMITED at £15m based on Net Assets of £9.2m and 1.63x industry multiple (adjusted for liquidity).

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Promenade Restaurants Limited is a live company located in liverpool, L1 1RH with a Companies House number of 03148178. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in January 1996, it's largest shareholder is heleana elizabeth mae spencer with a 12.5% stake. Promenade Restaurants Limited is a mature, micro sized company, Pomanda has estimated its turnover at £425.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Promenade Restaurants 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

Health Rating5out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £425.7k, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of -47%, show it is growing at a slower rate (4.2%)

EXPORT

Promenade Restaurants Limited's latest turnover from December 2023 is estimated at £425.7 thousand and the company has net assets of £9.2 million. According to their latest financial statements, we estimate that Promenade Restaurants Limited has 3 employees and maintains cash reserves of £391.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	425,684	166,196	940,768	2,795,344	321,315	1,408,861	308,981	700,981	885,481	3,640,562	2,558,845	3,051,552	3,088,960	3,623,824	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	174,729	69,471	409,495	1,256,154	146,794	623,406	136,845	287,073	395,793	1,839,759	1,303,150	1,559,525	1,570,780	1,794,413	0
Gross Profit	250,955	96,726	531,274	1,539,190	174,521	785,455	172,135	413,908	489,688	1,800,803	1,255,695	1,492,028	1,518,180	1,829,411	0
Admin Expenses	-236,053	-391,890	-92,338	1,273,513	-504,706	276,601	-334,974	-304,121	39,399	853,981	381,557	571,201	704,144	1,941,993	-756,941
Operating Profit	487,008	488,616	623,612	265,677	679,227	508,854	507,109	718,029	450,289	946,822	874,138	920,827	814,036	-112,582	756,941
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	3,812	21,638	17,826
Interest Receivable	17,053	13,923	970	374	4,334	4,727	2,950	1,024	2,116	2,596	1,709	1,418	1,684	2,100	1,160
Pre-Tax Profit	504,061	502,538	624,581	266,052	683,562	513,581	510,059	719,054	452,405	949,418	875,847	922,245	811,908	-132,119	740,275
Tax	-126,015	-95,482	-118,670	-50,550	-129,877	-97,580	-96,911	-143,811	-90,481	-199,378	-201,445	-221,339	-211,096	0	-207,277
Profit After Tax	378,046	407,056	505,911	215,502	553,685	416,001	413,148	575,243	361,924	750,040	674,402	700,906	600,812	-132,119	532,998
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	378,046	407,056	505,911	215,502	553,685	416,001	413,148	575,243	361,924	750,040	674,402	700,906	600,812	-132,119	532,998
Employee Costs	118,682	75,487	326,081	820,103	105,385	362,687	94,139	191,404	189,504	749,233	524,830	643,168	643,412	821,501	0
Number Of Employees	3	2	9	24	3	11	3	6	6	25	18	22	22	28	0
EBITDA*	495,660	497,269	635,996	291,912	711,810	533,235	529,161	718,029	450,289	946,822	874,138	920,827	814,036	-112,582	756,941

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	8,500,000	10,138,652	10,147,305	9,599,689	11,301,315	11,301,450	11,316,157	13,642,000	15,545,732	14,059,785	14,059,785	14,059,785	15,900,000	15,900,000	15,900,000
Intangible Assets	0	0	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	8,500,000	10,138,652	10,147,305	9,599,689	11,301,315	11,301,450	11,316,157	13,642,000	15,545,732	14,059,785	14,059,785	14,059,785	15,900,000	15,900,000	15,900,000
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	48,407	13,384	128,511	373,274	28,525	172,907	32,172	85,765	92,209	173,347	75,488	108,720	81,508	136,575	35,546
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,898,889	1,704,983	907,406	192,267	117,052	127,375	48,579	19,114	51,807	0	0	0	0	0	0
Cash	391,376	290,757	504,822	270,990	477,774	678,031	582,624	597,356	222,173	624,292	413,970	269,557	297,550	376,240	463,949
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,338,672	2,009,124	1,540,739	836,531	623,351	978,313	663,375	702,235	366,189	797,639	489,458	378,277	379,058	512,815	499,495
total assets	10,838,672	12,147,776	11,688,044	10,436,220	11,924,666	12,279,763	11,979,532	14,344,235	15,911,921	14,857,424	14,549,243	14,438,062	16,279,058	16,412,815	16,399,495
Bank overdraft	0	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	0
Trade Creditors	44,905	56,303	46,548	60,037	55,517	39,419	37,376	21,041	82,494	1,490,306	1,386,634	1,524,637	1,806,971	2,128,590	1,575,406
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	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	852,927	897,035	852,470	650,715	675,074	1,599,929	1,714,947	2,086,594	2,100,385	0	0	0	0	0	0
total current liabilities	897,832	953,338	899,018	710,752	730,591	1,639,348	1,752,323	2,107,635	2,182,879	1,490,306	1,386,634	1,524,637	1,806,971	2,128,590	1,575,406
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	117,294	548,482
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	0	545,531	970,749	1,390,102	1,685,758	1,662,315
provisions	746,797	878,910	880,554	776,507	1,099,816	1,099,841	1,102,636	1,634,460	2,080,825	0	0	0	0	0	0
total long term liabilities	746,797	878,910	880,554	776,507	1,099,816	1,099,841	1,102,636	1,634,460	2,080,825	0	545,531	970,749	1,390,102	1,803,052	2,210,797
total liabilities	1,644,629	1,832,248	1,779,572	1,487,259	1,830,407	2,739,189	2,854,959	3,742,095	4,263,704	1,490,306	1,932,165	2,495,386	3,197,073	3,931,642	3,786,203
net assets	9,194,043	10,315,528	9,908,472	8,948,961	10,094,259	9,540,574	9,124,573	10,602,140	11,648,217	13,367,118	12,617,078	11,942,676	13,081,985	12,481,173	12,613,292
total shareholders funds	9,194,043	10,315,528	9,908,472	8,948,961	10,094,259	9,540,574	9,124,573	10,602,140	11,648,217	13,367,118	12,617,078	11,942,676	13,081,985	12,481,173	12,613,292

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	487,008	488,616	623,612	265,677	679,227	508,854	507,109	718,029	450,289	946,822	874,138	920,827	814,036	-112,582	756,941
Depreciation	8,652	8,653	12,384	26,235	32,583	24,381	22,052	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-126,015	-95,482	-118,670	-50,550	-129,877	-97,580	-96,911	-143,811	-90,481	-199,378	-201,445	-221,339	-211,096	0	-207,277
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	228,929	682,450	470,376	419,964	-154,705	219,531	-24,128	-39,137	-29,331	97,859	-33,232	27,212	-55,067	101,029	35,546
Creditors	-11,398	9,755	-13,489	4,520	16,098	2,043	16,335	-61,453	-1,407,812	103,672	-138,003	-282,334	-321,619	553,184	1,575,406
Accruals and Deferred Income	-44,108	44,565	201,755	-24,359	-924,855	-115,018	-371,647	-13,791	2,100,385	0	0	0	0	0	0
Deferred Taxes & Provisions	-132,113	-1,644	104,047	-323,309	-25	-2,795	-531,824	-446,365	2,080,825	0	0	0	0	0	0
Cash flow from operations	-46,903	-227,987	339,263	-521,750	-172,144	100,354	-430,758	91,746	3,162,537	753,257	567,922	389,942	336,388	339,573	2,089,524
Investing Activities
capital expenditure	1,630,000	0	-560,000	1,675,391	-32,448	-9,674	2,303,791	1,903,732	-1,485,947	0	0	1,840,215	0	0	-15,900,000
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	1,630,000	0	-560,000	1,675,391	-32,448	-9,674	2,303,791	1,903,732	-1,485,947	0	0	1,840,215	0	0	-15,900,000
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	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	-117,294	-431,188	548,482
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	0	-545,531	-425,218	-419,353	-295,656	23,443	1,662,315
share issue	-1,499,531	0	453,600	-1,360,800	0	0	-1,890,715	-1,621,320	-2,080,825	0	0	-1,840,215	0	0	12,080,294
interest	17,053	13,923	970	374	4,334	4,727	2,950	1,024	2,116	2,596	1,709	1,418	-2,128	-19,538	-16,666
cash flow from financing	-1,482,478	13,923	454,570	-1,360,426	4,334	4,727	-1,887,765	-1,620,296	-2,078,709	-542,935	-423,509	-2,258,150	-415,078	-427,283	14,274,425
cash and cash equivalents
cash	100,619	-214,065	233,832	-206,784	-200,257	95,407	-14,732	375,183	-402,119	210,322	144,413	-27,993	-78,690	-87,709	463,949
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	100,619	-214,065	233,832	-206,784	-200,257	95,407	-14,732	375,183	-402,119	210,322	144,413	-27,993	-78,690	-87,709	463,949

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PROMENADE RESTAURANTS LIMITED group structure

Promenade Restaurants Limited has no subsidiary companies.

Ultimate parent company

PROMENADE RESTAURANTS LIMITED

03148178

PROMENADE RESTAURANTS LIMITED Shareholders

heleana elizabeth mae spencer	12.5%
faith allanah rose hynd	12.5%
joshua peter hynd	12.5%
charlie john clarke	12.5%
sophia elizabeth rose spencer	12.5%
samuel andrew peter spencer	12.5%
noah daniel jack hynd	12.5%
peter hynd	6.25%
jennifer elizabeth hynd	6.25%

Promenade Restaurants Limited currently has 3 directors. The longest serving directors include Mr Peter Hynd (Feb 2013) and Mr Daniel Hynd (Feb 2013).

officer	country	age	start	end	role
Mr Peter Hynd	England	73 years	Feb 2013	-	Director
Mr Daniel Hynd		40 years	Feb 2013	-	Director
Mr Brian Meharg		72 years	Feb 2013	-	Director

P&L

December 2023

turnover

425.7k

+156%

operating profit

487k

gross margin

59%

+1.29%

turnover

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

Balance Sheet

December 2023

net assets

9.2m

-0.11%

total assets

10.8m

-0.11%

cash

391.4k

+0.35%

net assets

Total assets minus all liabilities

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company number

03148178

Type

Private limited with Share Capital

industry

68320 - Management of real estate on a fee or contract basis

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

January 1996

ultimate parent company

None

previous names

neptune leisure investments limited (June 2015)

retailbasic limited (March 1996)

address

2nd floor, 2 queen square, liverpool, L1 1RH

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promenade restaurants limited Company Information

promenade restaurants limited Estimated Valuation

promenade restaurants limited Estimated Valuation

promenade restaurants limited Estimated Valuation

Promenade Restaurants Limited Overview

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PROMENADE RESTAURANTS LIMITED financials

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