Nexus Foods Limited

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nexus foods limited Company Information

Live

MatureMidHigh

Company Number

03325784

Next Accounts

Dec 2024

Industry

Take away food shops and mobile food stands

Unlicensed restaurants and cafes

Directors

Anwar Bashir

Shareholders

auriga holdings ltd

Group Structure

View All

Contact

Registered Address

137a high street north, east ham, london, E6 1HZ

Website

http://aurigaholdings.co.uk

nexus foods limited Estimated Valuation

£10.1m

Pomanda estimates the enterprise value of NEXUS FOODS LIMITED at £10.1m based on a Turnover of £13.2m and 0.77x industry multiple (adjusted for size and gross margin).

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Nexus Foods Limited is a live company located in london, E6 1HZ with a Companies House number of 03325784. It operates in the unlicenced restaurants and cafes sector, SIC Code 56102. Founded in March 1997, it's largest shareholder is auriga holdings ltd with a 100% stake. Nexus Foods Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.2m with high growth in recent years.

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Pomanda's financial health check has awarded Nexus Foods Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £13.2m, make it larger than the average company (£271k)

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (8.2%)

EXPORT

Nexus Foods Limited's latest turnover from March 2023 is £13.2 million and the company has net assets of £2.1 million. According to their latest financial statements, Nexus Foods Limited has 235 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	13,205,763	11,666,442	8,706,730	6,522,583	6,284,380	5,935,339	2,508,983	2,379,643	4,751,384	4,551,407	4,498,188	4,903,913	29,818,807	22,309,614
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,640,960	7,443,396	5,619,763	3,910,483	3,826,535	3,885,547	954,865	944,838	2,795,879	2,688,256	2,634,756	2,874,590	11,455,548	8,521,479
Gross Profit	3,564,803	4,223,046	3,086,967	2,612,100	2,457,845	2,049,792	1,554,118	1,434,806	1,955,505	1,863,151	1,863,432	2,029,323	18,363,259	13,788,135
Admin Expenses	3,232,902	4,201,023	2,749,349	2,700,506	2,548,421	2,197,672	1,223,772	860,419	1,818,301	1,463,226	1,656,344	1,677,281	17,893,908	13,055,345
Operating Profit	331,901	22,023	337,618	-88,406	-90,576	-147,880	330,346	574,387	137,204	399,925	207,088	352,042	469,351	732,790
Interest Payable	962	1,702	0	0	0	0	0	0	0	14,987	22,745	27,705	38,099	20,186
Interest Receivable	0	228	138	0	0	0	672	2,769	0	0	0	19	1,852	594
Pre-Tax Profit	330,939	401,504	592,615	112,581	106,855	-4,612	331,019	577,156	172,410	614,737	396,343	438,636	433,104	713,199
Tax	-50,839	-76,599	-117,037	-8,980	-76,958	18,566	-66,204	-115,431	-48,075	-140,631	-115,263	-109,241	-121,269	-199,696
Profit After Tax	280,100	324,905	475,578	103,601	29,897	13,954	264,815	461,725	124,335	474,106	281,080	329,395	311,835	513,503
Dividends Paid	0	0	0	0	0	0	0	0	0	1,900,000	0	0	0	0
Retained Profit	280,100	324,905	475,578	103,601	29,897	13,954	264,815	461,725	124,335	-1,425,894	281,080	329,395	311,835	513,503
Employee Costs	3,255,693	2,238,143	1,812,342	1,552,288	1,496,316	1,711,734	1,174,024	1,040,656	1,022,991	975,429	1,008,517	1,096,969	8,832,493	6,378,719
Number Of Employees	235	167	130	119	131	136	112	104	104	100	111	118	956	677
EBITDA*	831,395	477,487	817,519	360,175	465,546	288,781	634,246	798,009	388,759	675,868	527,487	652,731	807,903	1,029,705

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,156,165	969,360	968,725	877,521	1,266,235	1,703,547	1,108,284	323,116	227,405	351,751	312,781	377,888	498,303	646,445
Intangible Assets	108,251	52,968	64,978	77,600	90,672	140,849	243,482	305,867	418,994	531,375	643,756	734,630	822,388	932,187
Investments & Other	2,400,000	2,400,000	2,160,000	2,160,000	2,160,000	2,160,000	2,160,000	2,160,000	2,160,000	2,160,000	2,160,000	2,160,000	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,664,416	3,422,328	3,193,703	3,115,121	3,516,907	4,004,396	3,511,766	2,788,983	2,806,399	3,043,126	3,116,537	3,272,518	1,320,691	1,578,632
Stock & work in progress	67,312	53,837	56,132	52,801	60,308	67,988	38,429	34,897	33,213	30,227	33,385	25,491	20,762	17,455
Trade Debtors	78,475	61,532	50,460	0	3,782	500	466	1,264	418	286	637	0	789,160	571,719
Group Debtors	1,585,627	1,575,728	1,215,259	1,918,231	1,732,560	1,544,378	1,236,404	1,120,428	906,017	870,811	1,139,725	1,301,992	0	0
Misc Debtors	106,405	105,871	79,231	47,590	57,222	39,350	34,146	284,859	61,064	59,395	91,673	75,892	0	0
Cash	1,073,546	1,962,633	1,477,606	471,354	355,278	283,468	133,354	404,452	703,112	561,905	400,450	331,934	502,843	237,763
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,911,365	3,759,601	2,878,688	2,489,976	2,209,150	1,935,684	1,442,799	1,845,900	1,703,824	1,522,624	1,665,870	1,735,309	1,312,765	826,937
total assets	6,575,781	7,181,929	6,072,391	5,605,097	5,726,057	5,940,080	4,954,565	4,634,883	4,510,223	4,565,750	4,782,407	5,007,827	2,633,456	2,405,569
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	9,931	9,686	7,108	0	0	0	0	0	0	0	143,936	140,216	0	0
Trade Creditors	403,868	845,618	501,229	246,828	434,504	790,218	277,220	258,065	204,036	226,305	228,386	229,585	777,402	722,564
Group/Directors Accounts	3,410,716	4,130,716	2,739,949	2,867,780	2,855,240	2,937,151	2,460,966	2,379,877	2,490,549	2,324,783	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	529,715	295,366	1,260,650	1,481,240	1,486,974	1,318,036	1,312,275	1,384,731	1,680,381	2,003,743	2,252,007	2,613,373	0	0
total current liabilities	4,354,230	5,281,386	4,508,936	4,595,848	4,776,718	5,045,405	4,050,461	4,022,673	4,374,966	4,554,831	2,624,329	2,983,174	777,402	722,564
loans	24,162	34,093	42,892	0	0	0	0	0	0	0	721,265	868,920	551,175	621,095
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	0	0	0	0	0	0	0	0	0	0	0	0	478,541	539,276
provisions	107,557	56,718	35,736	0	43,691	18,924	42,307	15,228	0	0	0	0	0	8,131
total long term liabilities	131,719	90,811	78,628	0	43,691	18,924	42,307	15,228	0	0	721,265	868,920	1,029,716	1,168,502
total liabilities	4,485,949	5,372,197	4,587,564	4,595,848	4,820,409	5,064,329	4,092,768	4,037,901	4,374,966	4,554,831	3,345,594	3,852,094	1,807,118	1,891,066
net assets	2,089,832	1,809,732	1,484,827	1,009,249	905,648	875,751	861,797	596,982	135,257	10,919	1,436,813	1,155,733	826,338	514,503
total shareholders funds	2,089,832	1,809,732	1,484,827	1,009,249	905,648	875,751	861,797	596,982	135,257	10,919	1,436,813	1,155,733	826,338	514,503

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	331,901	22,023	337,618	-88,406	-90,576	-147,880	330,346	574,387	137,204	399,925	207,088	352,042	469,351	732,790
Depreciation	481,978	443,454	467,279	435,214	449,772	333,733	201,270	110,495	139,174	163,562	207,520	190,943	228,753	184,566
Amortisation	17,516	12,010	12,622	13,367	106,350	102,928	102,630	113,127	112,381	112,381	112,879	109,746	109,799	112,349
Tax	-50,839	-76,599	-117,037	-8,980	-76,958	18,566	-66,204	-115,431	-48,075	-140,631	-115,263	-109,241	-121,269	-199,696
Stock	13,475	-2,295	3,331	-7,507	-7,680	29,559	3,532	1,684	2,986	-3,158	7,894	4,729	3,307	17,455
Debtors	27,376	398,181	-620,871	172,257	209,336	313,212	-135,535	439,052	37,007	-301,543	-145,849	588,724	217,441	571,719
Creditors	-441,750	344,389	254,401	-187,676	-355,714	512,998	19,155	54,029	-22,269	-2,081	-1,199	-547,817	54,838	722,564
Accruals and Deferred Income	234,349	-965,284	-220,590	-5,734	168,938	5,761	-72,456	-295,650	-323,362	-248,264	-361,366	2,613,373	0	0
Deferred Taxes & Provisions	50,839	20,982	35,736	-43,691	24,767	-23,383	27,079	15,228	0	0	0	0	-8,131	8,131
Cash flow from operations	583,143	-594,911	1,387,569	-50,656	24,923	459,952	673,823	15,449	-44,940	589,593	187,614	2,015,593	512,593	971,530
Investing Activities
capital expenditure	0	0	0	0	0	-929,291	-1,026,683	-106,825	-14,828	-202,532	-164,418	-92,516	-80,611	-1,875,547
Change in Investments	0	240,000	0	0	0	0	0	0	0	0	0	2,160,000	0	0
cash flow from investments	0	-240,000	0	0	0	-929,291	-1,026,683	-106,825	-14,828	-202,532	-164,418	-2,252,516	-80,611	-1,875,547
Financing Activities
Bank loans	245	2,578	7,108	0	0	0	0	0	0	-143,936	3,720	140,216	0	0
Group/Directors Accounts	-720,000	1,390,767	-127,831	12,540	-81,911	476,185	81,089	-110,672	165,766	2,324,783	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	-9,931	-8,799	42,892	0	0	0	0	0	0	-721,265	-147,655	317,745	-69,920	621,095
Hire Purchase and Lease Commitments	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	0	0	-478,541	-60,735	539,276
share issue	0	0	0	0	0	0	0	0	3	0	0	0	0	1,000
interest	-962	-1,474	138	0	0	0	672	2,769	0	-14,987	-22,745	-27,686	-36,247	-19,592
cash flow from financing	-730,648	1,383,072	-77,693	12,540	-81,911	476,185	81,761	-107,903	165,769	1,444,595	-166,680	-48,266	-166,902	1,141,779
cash and cash equivalents
cash	-889,087	485,027	1,006,252	116,076	71,810	150,114	-271,098	-298,660	141,207	161,455	68,516	-170,909	265,080	237,763
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-889,087	485,027	1,006,252	116,076	71,810	150,114	-271,098	-298,660	141,207	161,455	68,516	-170,909	265,080	237,763

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NEXUS FOODS LIMITED group structure

Nexus Foods Limited has no subsidiary companies.

Ultimate parent company

AURIGA HOLDINGS LTD

03326486

1 parent

NEXUS FOODS LIMITED

03325784

NEXUS FOODS LIMITED Shareholders

auriga holdings ltd

100%

Nexus Foods Limited currently has 1 director, Mr Anwar Bashir serving since Mar 1997.

officer	country	age	start	end	role
Mr Anwar Bashir	England	56 years	Mar 1997	-	Director

P&L

March 2023

turnover

13.2m

+13%

operating profit

331.9k

+1407%

gross margin

27%

-25.43%

turnover

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

Balance Sheet

March 2023

net assets

2.1m

+0.15%

total assets

6.6m

-0.08%

cash

1.1m

-0.45%

net assets

Total assets minus all liabilities

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2.5

company number

03325784

Type

Private limited with Share Capital

industry

56103 - Take away food shops and mobile food stands

56102 - Unlicensed restaurants and cafes

incorporation date

March 1997

ultimate parent company

AURIGA HOLDINGS LTD

previous names

N/A

address

137a high street north, east ham, london, E6 1HZ

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 4 charges/mortgages relating to nexus foods limited. Currently there are 1 open charges and 3 have been satisfied in the past.

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nexus foods limited Company Information

nexus foods limited Estimated Valuation

nexus foods limited Estimated Valuation

nexus foods limited Estimated Valuation

Nexus Foods Limited Overview

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NEXUS FOODS LIMITED financials

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