Momentum Services Limited

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momentum services limited Company Information

Company Number

03874110

Next Accounts

Sep 2025

Directors

Joseph Zaidan

David Cheeseman

View All

Shareholders

chef express uk limited

Group Structure

View All

Industry

Take away food shops and mobile food stands

Registered Address

60 gray's inn road, london, WC1X 8AQ

Website

https://www.momentumltd.eu

momentum services limited Estimated Valuation

£101.3m

Pomanda estimates the enterprise value of MOMENTUM SERVICES LIMITED at £101.3m based on a Turnover of £64.6m and 1.57x industry multiple (adjusted for size and gross margin).

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Momentum Services Limited is a live company located in london, WC1X 8AQ with a Companies House number of 03874110. It operates in the take-away food shops and mobile food stands sector, SIC Code 56103. Founded in November 1999, it's largest shareholder is chef express uk limited with a 100% stake. Momentum Services Limited is a mature, large sized company, Pomanda has estimated its turnover at £64.6m with rapid growth in recent years.

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Pomanda's financial health check has awarded Momentum Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £64.6m, make it larger than the average company (£207.8k)

Growth

3 year (CAGR) sales growth of 49%, show it is growing at a faster rate (6.9%)

EXPORT

Momentum Services Limited's latest turnover from December 2023 is £64.6 million and the company has net assets of £2.2 million. According to their latest financial statements, Momentum Services Limited has 690 employees and maintains cash reserves of £4.8 million 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	64,600,642	48,633,063	21,577,161	19,464,391	58,884,283	55,342,572	50,543,123	53,005,259	59,240,484	48,370,138	43,164,042	47,539,289	45,243,546	46,886,958	48,356,297
Other Income Or Grants
Cost Of Sales	34,265,683	26,657,816	12,066,440	9,374,932	25,218,008	23,320,974	23,010,820	24,184,595	27,833,045	-24,361	35,485	35,567	241,457	35,926	268,539
Gross Profit	30,334,959	21,975,247	9,510,721	10,089,459	33,666,275	32,021,598	27,532,303	28,820,664	31,407,439	48,394,499	43,128,558	47,503,722	45,002,089	46,851,032	48,087,758
Admin Expenses	28,881,903	21,367,344	9,013,724	9,816,586	32,059,194	30,202,008	26,235,178	26,993,320	29,512,134	47,284,086	42,255,489	45,956,162	43,652,770	44,585,179	46,824,046
Operating Profit	1,453,056	607,903	496,997	272,873	1,607,081	1,819,590	1,297,125	1,827,344	1,895,305	1,110,413	873,069	1,547,560	1,349,319	2,265,853	1,263,712
Interest Payable	10,976	8,443	1,741	6,758	25,907	24,101	40,454	13,146	1,742	23,576	2,218	2,481	835	1,671	878
Interest Receivable	48,969	844		5,913	1,727					4,715	7,392	12,406	4,177	835	24,572
Pre-Tax Profit	1,491,050	600,304	495,256	272,028	1,582,902	1,795,490	1,256,671	1,814,198	1,893,563	1,091,552	878,244	1,557,486	1,352,661	2,265,018	1,287,407
Tax	-167,173	-25,329	-16,538	-2,534	-234,888	-192,804	-181,615	-304,996	-297,883	-152,456	-193,687	-491,315	-319,993	-642,493	-321,193
Profit After Tax	1,323,877	574,975	478,719	269,494	1,348,014	1,602,685	1,075,056	1,509,202	1,595,680	939,096	684,557	1,066,170	1,032,668	1,622,525	966,213
Dividends Paid	2,617,359				1,554,404	1,075,917	1,334,137	1,577,564	696,803	550,098	961,041	992,556	1,712,758	793,717	201,843
Retained Profit	-1,293,482	574,975	478,719	269,494	-206,390	526,769	-259,081	-68,361	898,876	388,998	-276,484	73,615	-680,090	828,808	764,370
Employee Costs	34,781,324	26,651,469	19,997,389	18,719,270	30,666,667	28,215,700	25,252,195	26,914,110	29,313,649	24,075,442	21,329,193	23,875,103	22,249,144	22,799,733	23,181,220
Number Of Employees	690	656	635	798	877	784	761	785	829	758	757	727	762	774	797
EBITDA*	1,497,805	645,052	760,728	848,187	2,422,279	2,174,212	1,592,357	1,974,584	1,964,986	1,233,006	1,041,620	1,689,826	1,452,085	2,377,809	1,391,839

* 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	27,862	52,347	29,593	263,580	1,012,089	539,679	738,509	718,667	252,591	126,522	84,275	245,657	195,505	143,704	191,311
Intangible Assets	844	844	2,611	6,758	37,133	67,137	45,619	10,517	4,355			14,888	34,255	58,484	66,696
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	28,707	53,191	32,205	270,339	1,049,223	606,817	784,128	729,185	256,946	126,523	84,276	260,546	229,760	202,189	258,008
Stock & work in progress	1,694,529	1,198,919	1,067,108	880,291	1,322,107	1,078,499	979,515	856,266	1,015,591	721,415	753,308	871,795	683,432	767,817	733,655
Trade Debtors	204,323	296,353	84,429	123,342	649,396	528,490	866,758	269,939	817,002	393,713	110,150	172,870	89,398	940,764	441,422
Group Debtors	68,389	195,879	288,101	111,514	35,405	329,660	214,322	243,645	46,163	253,831	185,554	262,200	244,799	138,691	129,003
Misc Debtors	5,498,142	5,250,759	7,355,731	4,183,492	6,762,521	7,381,649	6,233,430	6,561,787	9,060,186	6,583,104	5,891,919	6,444,168	6,641,323	6,175,119	6,422,114
Cash	4,831,982	6,770,517	6,132,823	3,823,604	4,703,800	2,728,525	2,423,825	2,575,811	2,799,408	6,274,263	2,676,129	3,354,012	3,339,460	3,393,767	3,411,145
misc current assets	11,710,571	9,953,563											1,671	2,506	7,021
total current assets	24,007,937	23,665,991	14,928,192	9,122,244	13,473,230	12,046,824	10,717,852	10,507,450	13,738,350	14,226,326	9,617,062	11,105,045	11,000,084	11,418,665	11,144,362
total assets	24,036,643	23,719,183	14,960,397	9,392,583	14,522,452	12,653,641	11,501,980	11,236,635	13,995,297	14,352,849	9,701,338	11,365,591	11,229,844	11,620,854	11,402,369
Bank overdraft
Bank loan
Trade Creditors	3,703,141	3,346,842	1,715,554	761,173	3,108,808	3,121,019	2,994,491	3,544,259	4,721,714	4,388,212	2,840,245	2,798,180	2,961,818	3,148,968	3,851,689
Group/Directors Accounts	8,443	473,658	385,586	169,807	167,530	717,852	529,351	483,786	342,305	549,312	799,882	542,597	623,277	388,504	976,744
other short term finances							331,382
hp & lease commitments				176,565	467,184
other current liabilities	18,108,747	16,464,032	9,727,565	5,845,231	8,256,476	6,377,173	5,704,940	4,906,222	6,319,135	8,139,096	5,151,179	6,669,148	6,365,611	6,087,392	5,390,960
total current liabilities	21,820,331	20,284,532	11,828,706	6,952,775	12,000,000	10,216,044	9,560,165	8,934,268	11,383,155	13,076,621	8,791,306	10,009,926	9,950,706	9,624,864	10,219,394
loans
hp & lease commitments					195,164
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities					195,164
total liabilities	21,820,331	20,284,532	11,828,706	6,952,775	12,195,164	10,216,044	9,560,165	8,934,268	11,383,155	13,076,621	8,791,306	10,009,926	9,950,706	9,624,864	10,219,394
net assets	2,216,312	3,434,650	3,131,691	2,439,807	2,327,288	2,437,597	1,941,814	2,302,366	2,612,142	1,276,228	910,032	1,355,666	1,279,138	1,995,990	1,182,975
total shareholders funds	2,216,312	3,434,650	3,131,691	2,439,807	2,327,288	2,437,597	1,941,814	2,302,366	2,612,142	1,276,228	910,032	1,355,666	1,279,138	1,995,990	1,182,975

	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	1,453,056	607,903	496,997	272,873	1,607,081	1,819,590	1,297,125	1,827,344	1,895,305	1,110,413	873,069	1,547,560	1,349,319	2,265,853	1,263,712
Depreciation	45,593	37,150	263,731	546,591	779,793	354,622	295,232	147,239	69,680	122,593	168,552	142,266	102,765	111,956	128,126
Amortisation	-844			28,723	35,405
Tax	-167,173	-25,329	-16,538	-2,534	-234,888	-192,804	-181,615	-304,996	-297,883	-152,456	-193,687	-491,315	-319,993	-642,493	-321,193
Stock	495,610	131,812	186,817	-441,816	243,608	98,984	123,248	-159,325	294,176	-31,894	-118,487	188,363	-84,385	34,162	733,655
Debtors	27,862	-1,985,269	3,309,912	-3,028,973	-792,478	925,289	239,139	-2,847,979	2,692,703	1,043,024	-691,615	-96,281	-279,054	262,034	6,992,540
Creditors	356,299	1,631,288	954,381	-2,347,636	-12,211	126,528	-549,768	-1,177,455	333,502	1,547,967	42,065	-163,638	-187,150	-702,721	3,851,689
Accruals and Deferred Income	1,644,715	6,736,467	3,882,334	-2,411,245	1,879,303	672,233	798,718	-1,412,913	-1,819,961	2,987,917	-1,517,969	303,537	278,219	696,432	5,390,960
Deferred Taxes & Provisions
Cash flow from operations	2,808,174	10,840,936	2,084,176	-442,439	4,603,353	1,755,896	1,297,305	2,086,523	-2,806,236	4,605,304	182,132	1,246,328	1,586,599	1,432,831	2,587,099
Investing Activities
capital expenditure						-182,475	-387,330	-677,475	-180,297		-25,874	-168,734	-130,336	-60,155	-98,288
Change in Investments
cash flow from investments						-182,475	-387,330	-677,475	-180,297		-25,874	-168,734	-130,336	-60,155	-98,288
Financing Activities
Bank loans
Group/Directors Accounts	-465,214	88,071	215,780	2,276	-550,321	188,501	45,565	141,481	-207,008	-250,569	257,285	-80,680	234,773	-588,241	976,744
Other Short Term Loans						-331,382	331,382
Long term loans
Hire Purchase and Lease Commitments			-176,565	-485,783	662,348
other long term liabilities
share issue	75,144	-272,016	213,165	-156,975	96,082	-30,987	-101,471	-241,414	437,038	-22,802	-169,150	2,913	-36,762	-15,793	418,605
interest	37,993	-7,599	-1,741	-845	-24,180	-24,101	-40,454	-13,146	-1,742	-18,861	5,174	9,925	3,342	-836	23,694
cash flow from financing	-352,077	-191,544	250,639	-641,327	183,929	-197,969	235,022	-113,079	228,288	-292,232	93,309	-67,842	201,353	-604,870	1,419,043
cash and cash equivalents
cash	-1,938,534	637,694	2,309,219	-880,196	1,975,275	304,700	-151,986	-223,597	-3,474,856	3,598,134	-677,882	14,551	-54,307	-17,378	3,411,145
overdraft
change in cash	-1,938,534	637,694	2,309,219	-880,196	1,975,275	304,700	-151,986	-223,597	-3,474,856	3,598,134	-677,882	14,551	-54,307	-17,378	3,411,145

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MOMENTUM SERVICES LIMITED group structure

Momentum Services Limited has no subsidiary companies.

Ultimate parent company

CREMONINI SPA

#0111966

CHEF EXPRESS UK LIMITED

06757373

2 parents

MOMENTUM SERVICES LIMITED

03874110

MOMENTUM SERVICES LIMITED Shareholders

chef express uk limited

100%

Momentum Services Limited currently has 4 directors. The longest serving directors include Mr Joseph Zaidan (Feb 2000) and Mr David Cheeseman (Nov 2004).

officer	country	age	start	end	role
Mr Joseph Zaidan	Italy	67 years	Feb 2000	-	Director
Mr David Cheeseman	England	62 years	Nov 2004	-	Director
Mr Frank Whittaker	United Kingdom	77 years	Jan 2014	-	Director
Mr Giosue De Nigris	England	51 years	Oct 2024	-	Director

P&L

December 2023

turnover

64.6m

+33%

operating profit

1.5m

+139%

gross margin

47%

+3.92%

turnover

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

Balance Sheet

December 2023

net assets

2.2m

-0.35%

total assets

24m

+0.01%

cash

4.8m

-0.29%

net assets

Total assets minus all liabilities

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company number

03874110

Type

Private limited with Share Capital

industry

56103 - Take away food shops and mobile food stands

incorporation date

November 1999

ultimate parent company

CREMONINI SPA

previous names

shelfco (no.1774) limited (December 1999)

address

60 gray's inn road, london, WC1X 8AQ

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momentum services limited Company Information

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momentum services limited Estimated Valuation

momentum services limited Estimated Valuation

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