finemeal ii limited
finemeal ii limited Company Information
Group Structure
View All
Industry
Public houses and bars
Registered Address
archwood house, 46-48 long street, manchester, M24 6UQ
Website
-finemeal ii limited Estimated Valuation
Pomanda estimates the enterprise value of FINEMEAL II LIMITED at £282.8k based on a Turnover of £450.6k and 0.63x industry multiple (adjusted for size and gross margin).
finemeal ii limited Estimated Valuation
Pomanda estimates the enterprise value of FINEMEAL II LIMITED at £229k based on an EBITDA of £55.5k and a 4.13x industry multiple (adjusted for size and gross margin).
finemeal ii limited Estimated Valuation
Pomanda estimates the enterprise value of FINEMEAL II LIMITED at £185.1k based on Net Assets of £85.3k and 2.17x industry multiple (adjusted for liquidity).
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Finemeal Ii Limited Overview
Finemeal Ii Limited is a live company located in manchester, M24 6UQ with a Companies House number of 03803600. It operates in the public houses and bars sector, SIC Code 56302. Founded in July 1999, it's largest shareholder is michael hayes with a 100% stake. Finemeal Ii Limited is a mature, micro sized company, Pomanda has estimated its turnover at £450.6k with healthy growth in recent years.
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Finemeal Ii Limited Health Check
Pomanda's financial health check has awarded Finemeal Ii Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
2 Weak
Size
annual sales of £450.6k, make it in line with the average company (£538.7k)
- Finemeal Ii Limited
£538.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (5%)
- Finemeal Ii Limited
5% - Industry AVG
Production
with a gross margin of 58.3%, this company has a comparable cost of product (58.3%)
- Finemeal Ii Limited
58.3% - Industry AVG
Profitability
an operating margin of 12.2% make it more profitable than the average company (6.4%)
- Finemeal Ii Limited
6.4% - Industry AVG
Employees
with 12 employees, this is similar to the industry average (15)
12 - Finemeal Ii Limited
15 - Industry AVG
Pay Structure
on an average salary of £15.5k, the company has an equivalent pay structure (£15.5k)
- Finemeal Ii Limited
£15.5k - Industry AVG
Efficiency
resulting in sales per employee of £37.5k, this is less efficient (£47.9k)
- Finemeal Ii Limited
£47.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Finemeal Ii Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (54 days)
- Finemeal Ii Limited
54 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Finemeal Ii Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 159 weeks, this is more cash available to meet short term requirements (15 weeks)
159 weeks - Finemeal Ii Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45.9%, this is a lower level of debt than the average (76.7%)
45.9% - Finemeal Ii Limited
76.7% - Industry AVG
FINEMEAL II LIMITED financials
Finemeal Ii Limited's latest turnover from July 2023 is estimated at £450.6 thousand and the company has net assets of £85.3 thousand. According to their latest financial statements, Finemeal Ii Limited has 12 employees and maintains cash reserves of £151.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 12 | 10 | 9 | 10 | 6 | 4 | 5 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,334 | 3,647 | 3,111 | 2,857 | 3,361 | 3,838 | 4,515 | 5,312 | 6,249 | 7,352 | 8,650 | 7,227 | 8,502 | 10,002 | 11,767 |
| 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 | 3,334 | 3,647 | 3,111 | 2,857 | 3,361 | 3,838 | 4,515 | 5,312 | 6,249 | 7,352 | 8,650 | 7,227 | 8,502 | 10,002 | 11,767 |
| Stock & work in progress | 0 | 0 | 500 | 3,700 | 14,100 | 9,700 | 14,500 | 17,255 | 15,000 | 17,500 | 15,000 | 14,400 | 15,345 | 16,120 | 19,780 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 976 | 3,476 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,167 | 13,951 | 4,509 | 2,667 | 4,699 | 7,218 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 151,208 | 104,160 | 76,105 | 32,077 | 6,780 | 500 | 500 | 6,049 | 6,856 | 7,267 | 7,485 | 4,634 | 3,127 | 18,956 | 52,630 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 154,375 | 118,111 | 81,114 | 38,444 | 25,579 | 17,418 | 15,000 | 23,304 | 21,856 | 24,767 | 22,485 | 19,034 | 18,472 | 36,052 | 75,886 |
| total assets | 157,709 | 121,758 | 84,225 | 41,301 | 28,940 | 21,256 | 19,515 | 28,616 | 28,105 | 32,119 | 31,135 | 26,261 | 26,974 | 46,054 | 87,653 |
| Bank overdraft | 9,942 | 9,697 | 8,706 | 0 | 0 | 426 | 19,885 | 9,431 | 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 | 5,386 | 17,762 | 10,584 | 5,818 | 8,875 | 11,526 | 13,853 | 12,308 | 44,432 | 47,686 | 39,139 | 40,262 | 35,798 | 33,718 | 36,304 |
| Group/Directors Accounts | 1,127 | 3,273 | 38 | 124 | 208 | 578 | 2,478 | 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 | 32,829 | 15,681 | 6,263 | 7,606 | 10,025 | 8,356 | 6,228 | 25,648 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 49,284 | 46,413 | 25,591 | 13,548 | 19,108 | 20,886 | 42,444 | 47,387 | 44,432 | 47,686 | 39,139 | 40,262 | 35,798 | 33,718 | 36,304 |
| loans | 22,361 | 32,303 | 41,295 | 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 |
| 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 | 0 | 794 | 4,591 | 7,701 | 11,383 |
| provisions | 739 | 606 | 485 | 413 | 0 | 0 | 759 | 759 | 879 | 1,019 | 1,179 | 773 | 910 | 1,006 | 1,104 |
| total long term liabilities | 23,100 | 32,909 | 41,780 | 413 | 0 | 0 | 759 | 759 | 879 | 1,019 | 1,179 | 1,567 | 5,501 | 8,707 | 12,487 |
| total liabilities | 72,384 | 79,322 | 67,371 | 13,961 | 19,108 | 20,886 | 43,203 | 48,146 | 45,311 | 48,705 | 40,318 | 41,829 | 41,299 | 42,425 | 48,791 |
| net assets | 85,325 | 42,436 | 16,854 | 27,340 | 9,832 | 370 | -23,688 | -19,530 | -17,206 | -16,586 | -9,183 | -15,568 | -14,325 | 3,629 | 38,862 |
| total shareholders funds | 85,325 | 42,436 | 16,854 | 27,340 | 9,832 | 370 | -23,688 | -19,530 | -17,206 | -16,586 | -9,183 | -15,568 | -14,325 | 3,629 | 38,862 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 588 | 644 | 549 | 504 | 593 | 677 | 797 | 937 | 1,103 | 1,298 | 1,527 | 1,275 | 1,500 | 1,765 | 2,077 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||||
| Stock | 0 | -500 | -3,200 | -10,400 | 4,400 | -4,800 | -2,755 | 2,255 | -2,500 | 2,500 | 600 | -945 | -775 | -3,660 | 19,780 |
| Debtors | -10,784 | 9,442 | 1,842 | -2,032 | -2,519 | 7,218 | 0 | 0 | 0 | 0 | 0 | 0 | -976 | -2,500 | 3,476 |
| Creditors | -12,376 | 7,178 | 4,766 | -3,057 | -2,651 | -2,327 | 1,545 | -32,124 | -3,254 | 8,547 | -1,123 | 4,464 | 2,080 | -2,586 | 36,304 |
| Accruals and Deferred Income | 17,148 | 9,418 | -1,343 | -2,419 | 1,669 | 2,128 | -19,420 | 25,648 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 133 | 121 | 72 | 413 | 0 | -759 | 0 | -120 | -140 | -160 | 406 | -137 | -96 | -98 | 1,104 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -2,146 | 3,235 | -86 | -84 | -370 | -1,900 | 2,478 | 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 | -9,942 | -8,992 | 41,295 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | -794 | -3,797 | -3,110 | -3,682 | 11,383 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 47,048 | 28,055 | 44,028 | 25,297 | 6,280 | 0 | -5,549 | -807 | -411 | -218 | 2,851 | 1,507 | -15,829 | -33,674 | 52,630 |
| overdraft | 245 | 991 | 8,706 | 0 | -426 | -19,459 | 10,454 | 9,431 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 46,803 | 27,064 | 35,322 | 25,297 | 6,706 | 19,459 | -16,003 | -10,238 | -411 | -218 | 2,851 | 1,507 | -15,829 | -33,674 | 52,630 |
finemeal ii limited Credit Report and Business Information
Finemeal Ii Limited Competitor Analysis
Perform a competitor analysis for finemeal ii limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in M24 area or any other competitors across 12 key performance metrics.
finemeal ii limited Ownership
FINEMEAL II LIMITED group structure
Finemeal Ii Limited has no subsidiary companies.
Ultimate parent company
FINEMEAL II LIMITED
03803600
finemeal ii limited directors
Finemeal Ii Limited currently has 1 director, Mr Michael Hayes serving since Aug 1999.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Hayes | 61 years | Aug 1999 | - | Director |
P&L
July 2023turnover
450.6k
+43%
operating profit
54.9k
0%
gross margin
58.4%
-0.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
85.3k
+1.01%
total assets
157.7k
+0.3%
cash
151.2k
+0.45%
net assets
Total assets minus all liabilities
finemeal ii limited company details
company number
03803600
Type
Private limited with Share Capital
industry
56302 - Public houses and bars
incorporation date
July 1999
age
26
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
setfree limited (August 1999)
accountant
ARCHWOOD ACCOUNTANTS
auditor
-
address
archwood house, 46-48 long street, manchester, M24 6UQ
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
finemeal ii 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 did not find charges/mortgages relating to finemeal ii limited.
finemeal ii 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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finemeal ii limited Companies House Filings - See Documents
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