the great american bagel factory limited
the great american bagel factory limited Company Information
Company Number
03232765
Next Accounts
Sep 2025
Shareholders
gabf holdings ltd
Group Structure
View All
Industry
Event catering activities
Registered Address
60 gray's inn road, london, WC1X 8AQ
the great american bagel factory limited Estimated Valuation
Pomanda estimates the enterprise value of THE GREAT AMERICAN BAGEL FACTORY LIMITED at £3.7m based on a Turnover of £4.8m and 0.76x industry multiple (adjusted for size and gross margin).
the great american bagel factory limited Estimated Valuation
Pomanda estimates the enterprise value of THE GREAT AMERICAN BAGEL FACTORY LIMITED at £4.4m based on an EBITDA of £753.8k and a 5.86x industry multiple (adjusted for size and gross margin).
the great american bagel factory limited Estimated Valuation
Pomanda estimates the enterprise value of THE GREAT AMERICAN BAGEL FACTORY LIMITED at £0 based on Net Assets of £-5.2m and 3x industry multiple (adjusted for liquidity).
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The Great American Bagel Factory Limited Overview
The Great American Bagel Factory Limited is a live company located in london, WC1X 8AQ with a Companies House number of 03232765. It operates in the event catering activities sector, SIC Code 56210. Founded in August 1996, it's largest shareholder is gabf holdings ltd with a 100% stake. The Great American Bagel Factory Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.8m with rapid growth in recent years.
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The Great American Bagel Factory Limited Health Check
Pomanda's financial health check has awarded The Great American Bagel Factory 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
5 Strong
2 Regular
5 Weak
Size
annual sales of £4.8m, make it larger than the average company (£638.7k)
£4.8m - The Great American Bagel Factory Limited
£638.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (10.1%)
53% - The Great American Bagel Factory Limited
10.1% - Industry AVG
Production
with a gross margin of 75.7%, this company has a lower cost of product (41.4%)
75.7% - The Great American Bagel Factory Limited
41.4% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (5.3%)
-0.7% - The Great American Bagel Factory Limited
5.3% - Industry AVG
Employees
with 103 employees, this is above the industry average (12)
103 - The Great American Bagel Factory Limited
12 - Industry AVG
Pay Structure
on an average salary of £17.8k, the company has an equivalent pay structure (£19.1k)
£17.8k - The Great American Bagel Factory Limited
£19.1k - Industry AVG
Efficiency
resulting in sales per employee of £46.8k, this is less efficient (£62.9k)
£46.8k - The Great American Bagel Factory Limited
£62.9k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is near the average (31 days)
37 days - The Great American Bagel Factory Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 164 days, this is slower than average (30 days)
164 days - The Great American Bagel Factory Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 18 days, this is more than average (8 days)
18 days - The Great American Bagel Factory Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (27 weeks)
0 weeks - The Great American Bagel Factory Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 154.3%, this is a higher level of debt than the average (78.4%)
154.3% - The Great American Bagel Factory Limited
78.4% - Industry AVG
THE GREAT AMERICAN BAGEL FACTORY LIMITED financials
The Great American Bagel Factory Limited's latest turnover from December 2023 is £4.8 million and the company has net assets of -£5.2 million. According to their latest financial statements, The Great American Bagel Factory Limited has 103 employees and maintains cash reserves of £7.9 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 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,819,529 | 3,057,465 | 1,593,155 | 1,352,070 | 3,620,354 | 3,709,315 | 5,020,967 | 5,132,087 | 4,570,359 | 3,816,580 | 3,338,455 | 4,676,144 | 4,917,262 | 5,287,424 | 6,194,559 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 1,169,998 | 750,373 | 320,446 | 193,088 | 948,822 | 1,087,272 | 1,197,482 | 1,242,620 | 1,154,511 | 1,082,906 | 833,882 | 1,256,070 | 1,354,212 | 2,827,509 | 3,437,004 |
| Gross Profit | 3,649,531 | 2,307,092 | 1,272,709 | 1,158,982 | 2,671,532 | 2,622,043 | 3,823,485 | 3,889,467 | 3,415,848 | 2,733,674 | 2,504,573 | 3,420,074 | 3,563,050 | 2,459,915 | 2,757,555 |
| Admin Expenses | 3,682,833 | 2,889,366 | 1,772,782 | 1,881,578 | 3,421,741 | 3,510,493 | 3,729,203 | 3,704,075 | 3,214,814 | 2,993,463 | 2,794,160 | 3,754,324 | 3,518,022 | 2,310,849 | 3,108,715 |
| Operating Profit | -33,302 | -582,274 | -500,073 | -722,596 | -750,209 | -888,450 | 94,282 | 185,392 | 201,034 | -259,789 | -289,587 | -334,250 | 45,028 | 149,066 | -351,160 |
| Interest Payable | 123,794 | 21,755 | 17,959 | 41,245 | 80,519 | 524 | 335 | ||||||||
| Interest Receivable | 984 | 2,057 | 8,181 | 15 | 860 | ||||||||||
| Pre-Tax Profit | -157,096 | -604,029 | -518,032 | -763,841 | -830,728 | -888,450 | 94,282 | 185,392 | 202,018 | -257,732 | -281,406 | -334,235 | 45,028 | 148,542 | -350,635 |
| Tax | 484 | ||||||||||||||
| Profit After Tax | -157,096 | -604,029 | -518,032 | -763,841 | -830,728 | -888,450 | 94,282 | 185,392 | 202,018 | -257,732 | -281,406 | -334,235 | 45,512 | 148,542 | -350,635 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -157,096 | -604,029 | -518,032 | -763,841 | -830,728 | -888,450 | 94,282 | 185,392 | 202,018 | -257,732 | -281,406 | -334,235 | 45,512 | 148,542 | -350,635 |
| Employee Costs | 1,828,841 | 1,346,831 | 825,385 | 1,088,729 | 1,303,283 | 1,428,597 | 1,502,949 | 1,325,812 | 1,238,448 | 1,338,745 | 1,778,059 | 1,774,882 | 2,050,473 | ||
| Number Of Employees | 103 | 67 | 36 | 51 | 76 | 68 | 83 | 79 | 83 | 89 | 89 | 109 | 164 | 155 | |
| EBITDA* | 753,772 | 10,102 | -424,943 | -405,608 | -71,071 | -763,738 | 237,556 | 322,745 | 284,564 | -186,116 | -212,316 | -210,352 | 239,394 | 344,275 | -22,923 |
* 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 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,068,831 | 3,510,352 | 1,340,296 | 295,311 | 355,044 | 500,847 | 347,754 | 357,943 | 361,037 | 318,810 | 293,444 | 154,092 | 204,879 | 289,945 | 419,264 |
| Intangible Assets | 2,430,199 | ||||||||||||||
| Investments & Other | 1,029,772 | 1,029,772 | 1,029,772 | 1,328,777 | 1,872,245 | 838,123 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 5,528,802 | 4,540,124 | 2,370,068 | 1,624,088 | 2,227,289 | 1,338,970 | 347,756 | 357,945 | 361,039 | 318,812 | 293,446 | 154,094 | 204,881 | 289,947 | 419,266 |
| Stock & work in progress | 57,795 | 59,534 | 14,671 | 2,517 | 22,325 | 33,271 | 30,170 | 36,666 | 37,041 | 37,261 | 44,341 | 34,605 | 41,812 | 49,489 | 56,411 |
| Trade Debtors | 501,271 | 269,865 | 273,751 | 155,123 | 33,538 | 110,993 | 162,714 | 109,735 | 99,893 | 169,273 | 68,505 | 21,862 | 60,210 | 38,788 | 46,790 |
| Group Debtors | 2,313,835 | 2,013,528 | 1,842,101 | 1,647,887 | 1,778,889 | 1,472,073 | 1,276,596 | 1,274,202 | 1,289,942 | 606,110 | 557,537 | 960 | |||
| Misc Debtors | 1,144,869 | 465,815 | 405,189 | 470,181 | 387,683 | 531,957 | 383,516 | 366,572 | 320,500 | 236,810 | 261,213 | 214,456 | 250,251 | 319,606 | 362,721 |
| Cash | 7,942 | 7,740 | 7,540 | 1,640 | 12,106 | 177,086 | 86,103 | 24,564 | 46,154 | 156,722 | 164,017 | 190,122 | 183,158 | ||
| misc current assets | |||||||||||||||
| total current assets | 4,025,712 | 2,816,482 | 2,543,252 | 2,277,348 | 2,234,541 | 2,325,380 | 1,852,996 | 1,873,278 | 1,771,940 | 1,049,454 | 977,750 | 428,605 | 516,290 | 598,005 | 649,080 |
| total assets | 9,554,514 | 7,356,606 | 4,913,320 | 3,901,436 | 4,461,830 | 3,664,350 | 2,200,752 | 2,231,223 | 2,132,979 | 1,368,266 | 1,271,196 | 582,699 | 721,171 | 887,952 | 1,068,346 |
| Bank overdraft | 2,853,885 | 2,313,853 | 1,328,701 | 934,400 | 328,699 | 18,710 | 55,868 | 20,397 | 26,327 | ||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 528,494 | 468,176 | 268,645 | 169,007 | 177,108 | 523,700 | 222,142 | 3,075,123 | 161,630 | 229,556 | 202,375 | 197,556 | 475,784 | 641,820 | 841,956 |
| Group/Directors Accounts | 8,619,689 | 6,799,295 | 6,167,667 | 5,533,020 | 5,192,597 | 4,554,605 | 2,211,877 | 2,425,952 | 1,905,196 | 1,645,196 | 275,705 | ||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 647,184 | 525,960 | 185,491 | 352,663 | 433,052 | ||||||||||
| other current liabilities | 100,034 | 155,561 | 152,604 | 38,617 | 176,643 | 224,114 | 497,642 | 518,821 | 444,427 | 370,876 | 366,418 | 423,324 | 469,581 | 598,381 | |
| total current liabilities | 12,749,286 | 10,262,845 | 8,103,108 | 7,027,707 | 6,308,099 | 5,302,419 | 2,950,371 | 3,075,123 | 3,162,271 | 2,599,576 | 2,244,774 | 839,679 | 899,108 | 1,111,401 | 1,440,337 |
| loans | 435,192 | 180,000 | 180,000 | 180,000 | |||||||||||
| hp & lease commitments | 1,993,745 | 1,448,460 | 560,882 | 106,367 | 622,528 | ||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 1,993,745 | 1,448,460 | 560,882 | 106,367 | 622,528 | 435,192 | 180,000 | 180,000 | 180,000 | ||||||
| total liabilities | 14,743,031 | 11,711,305 | 8,663,990 | 7,134,074 | 6,930,627 | 5,302,419 | 2,950,371 | 3,075,123 | 3,162,271 | 2,599,576 | 2,244,774 | 1,274,871 | 1,079,108 | 1,291,401 | 1,620,337 |
| net assets | -5,188,517 | -4,354,699 | -3,750,670 | -3,232,638 | -2,468,797 | -1,638,069 | -749,619 | -843,900 | -1,029,292 | -1,231,310 | -973,578 | -692,172 | -357,937 | -403,449 | -551,991 |
| total shareholders funds | -5,188,517 | -4,354,699 | -3,750,670 | -3,232,638 | -2,468,797 | -1,638,069 | -749,619 | -843,900 | -1,029,292 | -1,231,310 | -973,578 | -692,172 | -357,937 | -403,449 | -551,991 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -33,302 | -582,274 | -500,073 | -722,596 | -750,209 | -888,450 | 94,282 | 185,392 | 201,034 | -259,789 | -289,587 | -334,250 | 45,028 | 149,066 | -351,160 |
| Depreciation | 235,272 | 592,376 | 75,130 | 316,988 | 679,138 | 124,712 | 143,274 | 137,353 | 83,530 | 73,673 | 77,271 | 123,898 | 194,366 | 195,209 | 328,237 |
| Amortisation | 551,802 | ||||||||||||||
| Tax | 484 | ||||||||||||||
| Stock | -1,739 | 44,863 | 12,154 | -19,808 | -10,946 | 3,101 | -6,496 | -375 | -220 | -7,080 | 9,736 | -7,207 | -7,677 | -6,922 | 56,411 |
| Debtors | 1,210,767 | 228,167 | 247,850 | 73,081 | 85,087 | 292,197 | 72,317 | 40,174 | 698,142 | 124,938 | 649,977 | -73,183 | -47,933 | -51,117 | 409,511 |
| Creditors | 60,318 | 199,531 | 99,638 | -8,101 | -346,592 | 301,558 | -2,852,981 | 2,913,493 | -67,926 | 27,181 | 4,819 | -278,228 | -166,036 | -200,136 | 841,956 |
| Accruals and Deferred Income | -55,527 | 2,957 | 113,987 | -138,026 | -47,471 | -273,528 | 497,642 | -518,821 | 74,394 | 73,551 | 4,458 | -56,906 | -46,257 | -128,800 | 598,381 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -450,465 | -60,440 | -471,322 | -605,008 | -539,275 | -1,031,006 | -2,183,604 | 2,677,618 | -406,890 | -203,242 | -862,752 | -465,096 | 83,195 | 73,378 | 951,492 |
| Investing Activities | |||||||||||||||
| capital expenditure | -1,115,924 | -142,603 | -134,259 | -125,756 | -99,039 | -216,622 | -80,389 | ||||||||
| Change in Investments | -299,005 | -543,468 | 1,034,122 | 838,121 | 2 | ||||||||||
| cash flow from investments | 299,005 | 543,468 | -1,034,122 | -1,954,045 | -142,603 | -134,259 | -125,756 | -99,039 | -216,622 | -80,389 | |||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 1,820,394 | 631,628 | 634,647 | 340,423 | 637,992 | 2,342,728 | 2,211,877 | -2,425,952 | 520,756 | 260,000 | 1,369,491 | 275,705 | |||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -435,192 | 255,192 | 180,000 | ||||||||||||
| Hire Purchase and Lease Commitments | 666,509 | 1,228,047 | 287,343 | -596,550 | 1,055,580 | ||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -123,794 | -21,755 | -17,959 | -41,245 | -80,519 | 984 | 2,057 | 8,181 | 15 | -524 | 525 | ||||
| cash flow from financing | 1,686,387 | 1,837,920 | 904,031 | -297,372 | 1,613,053 | 2,342,728 | 2,211,876 | -2,425,952 | 521,740 | 262,057 | 942,480 | 530,912 | -524 | -20,831 | |
| cash and cash equivalents | |||||||||||||||
| cash | 202 | 200 | 5,900 | -10,466 | -164,980 | 177,086 | -86,103 | 61,539 | 24,564 | -46,154 | -110,568 | -7,295 | -26,105 | 6,964 | 183,158 |
| overdraft | 540,032 | 985,152 | 394,301 | 605,701 | 328,699 | -18,710 | 18,710 | -55,868 | 35,471 | -5,930 | 26,327 | ||||
| change in cash | -539,830 | -984,952 | -388,401 | -616,167 | -493,679 | 195,796 | -104,813 | 117,407 | -10,907 | -40,224 | -136,895 | -7,295 | -26,105 | 6,964 | 183,158 |
the great american bagel factory limited Credit Report and Business Information
The Great American Bagel Factory Limited Competitor Analysis
Perform a competitor analysis for the great american bagel factory limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in WC1X area or any other competitors across 12 key performance metrics.
the great american bagel factory limited Ownership
THE GREAT AMERICAN BAGEL FACTORY LIMITED group structure
The Great American Bagel Factory Limited has 2 subsidiary companies.
Ultimate parent company
CREMONINI SPA
#0111966
2 parents
THE GREAT AMERICAN BAGEL FACTORY LIMITED
03232765
2 subsidiaries
the great american bagel factory limited directors
The Great American Bagel Factory Limited currently has 2 directors. The longest serving directors include Mr Antonio Ghirarduzzi (Aug 2012) and Ms Gloria Cremonini (May 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Antonio Ghirarduzzi | United Kingdom | 55 years | Aug 2012 | - | Director |
| Ms Gloria Cremonini | United Kingdom | 33 years | May 2019 | - | Director |
P&L
December 2023turnover
4.8m
+58%
operating profit
-33.3k
-94%
gross margin
75.8%
+0.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-5.2m
+0.19%
total assets
9.6m
+0.3%
cash
7.9k
+0.03%
net assets
Total assets minus all liabilities
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the great american bagel factory limited company details
company number
03232765
Type
Private limited with Share Capital
industry
56210 - Event catering activities
incorporation date
August 1996
age
29
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
de facto 519 limited (September 1996)
accountant
-
auditor
CROWE UK LLP
address
60 gray's inn road, london, WC1X 8AQ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
the great american bagel factory 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 14 charges/mortgages relating to the great american bagel factory limited. Currently there are 5 open charges and 9 have been satisfied in the past.
the great american bagel factory 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.
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the great american bagel factory limited Companies House Filings - See Documents
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