Banca Restaurants Limited

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banca restaurants limited Company Information

Live

MatureMicroHealthy

Company Number

03897625

Website

ticklemebits.com

Registered Address

the office the herbery, 29 james street, selsey, west sussex po20 9jq, PO20 0JG

Industry

Licensed restaurants

Dormant Company

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Neil Kimber19 Years

Shareholders

neil adrian kimber 100%

banca restaurants limited Estimated Valuation

£0

Pomanda estimates the enterprise value of BANCA RESTAURANTS LIMITED at £0 based on a Turnover of £255.3k and 0x industry multiple (adjusted for size and gross margin).

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Banca Restaurants Limited is a live company located in selsey, PO20 0JG with a Companies House number of 03897625. It operates in the licenced restaurants sector, SIC Code 56101. Founded in December 1999, it's largest shareholder is neil adrian kimber with a 100% stake. Banca Restaurants Limited is a mature, micro sized company, Pomanda has estimated its turnover at £255.3k with healthy growth in recent years.

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Pomanda's financial health check has awarded Banca Restaurants Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £255.3k, make it smaller than the average company (£3.6m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4%)

EXPORT

Banca Restaurants Limited's latest turnover from March 2023 is estimated at £255.3 thousand and the company has net assets of -£128.9 thousand. According to their latest financial statements, we estimate that Banca Restaurants Limited has 3 employees and maintains cash reserves of 0 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	255,298	65,815	81,094	200,541	163,732	203,129	215,727	6,889	4,474	25,337	121,926	41,233	67,296	9,338
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	187,916	48,892	62,051	146,558	119,835	146,408	155,271	4,942	3,213	18,418	89,859	30,252	48,539	6,734
Gross Profit	67,383	16,924	19,043	53,984	43,897	56,722	60,456	1,948	1,261	6,918	32,067	10,981	18,757	2,605
Admin Expenses	153,777	16,924	48,454	54,734	44,714	59,060	68,543	2,716	5,237	18,717	11,721	11,800	14,137	5,185
Operating Profit	-86,394	0	-29,411	-750	-817	-2,338	-8,087	-768	-3,976	-11,799	20,346	-819	4,620	-2,580
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	12	34	26	4	1	0
Pre-Tax Profit	-86,394	0	-29,411	-750	-817	-2,338	-8,087	-768	-3,964	-11,765	20,372	-815	4,621	-2,580
Tax	0	0	0	0	0	0	0	0	0	0	-4,889	0	-1,294	0
Profit After Tax	-86,394	0	-29,411	-750	-817	-2,338	-8,087	-768	-3,964	-11,765	15,483	-815	3,327	-2,580
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-86,394	0	-29,411	-750	-817	-2,338	-8,087	-768	-3,964	-11,765	15,483	-815	3,327	-2,580
Employee Costs	86,927	26,914	26,236	51,796	50,901	73,304	71,658	23,368	23,523	22,935	44,514	22,335	21,808	21,481
Number Of Employees	3	1	1	2	2	3	3	1	1	1	2	1	1	1
EBITDA*	-86,394	0	-29,411	-750	-817	-2,338	-8,087	-768	-3,976	-10,982	20,943	-328	5,048	-2,262

* 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	307,245	0	0	3,840	4,528	5,215	5,903	0	0	1,444	589	543	854	1,146
Intangible Assets	0	0	0	0	0	0	0	2,563	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	307,245	0	0	3,840	4,528	5,215	5,903	2,563	0	1,444	589	543	854	1,146
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	38,883	0	0	30,461	30,479	30,603	31,572	630	630	3,500	18,500	5,813	10,000	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	100	51	4,779	8,997	1,419	360	161
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	38,883	0	0	30,461	30,479	30,603	31,572	730	681	8,279	27,497	7,232	10,360	161
total assets	346,128	0	0	34,301	35,007	35,818	37,475	3,293	681	9,723	28,086	7,775	11,214	1,307
Bank overdraft	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
Trade Creditors	48,171	42,485	42,485	47,375	6	47,325	46,644	4,275	895	5,973	12,571	7,743	10,367	3,787
Group/Directors Accounts	0	0	0	0	47,325	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	48,171	42,485	42,485	47,375	47,331	47,325	46,644	4,275	895	5,973	12,571	7,743	10,367	3,787
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	426,836	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	426,836	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	475,007	42,485	42,485	47,375	47,331	47,325	46,644	4,275	895	5,973	12,571	7,743	10,367	3,787
net assets	-128,879	-42,485	-42,485	-13,074	-12,324	-11,507	-9,169	-982	-214	3,750	15,515	32	847	-2,480
total shareholders funds	-128,879	-42,485	-42,485	-13,074	-12,324	-11,507	-9,169	-982	-214	3,750	15,515	32	847	-2,480

	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	-86,394	0	-29,411	-750	-817	-2,338	-8,087	-768	-3,976	-11,799	20,346	-819	4,620	-2,580
Depreciation	0	0	0	0	0	0	0	0	0	817	597	491	428	318
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	-4,889	0	-1,294	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	38,883	0	-30,461	-18	-124	-969	30,942	0	-2,870	-15,000	12,687	-4,187	10,000	0
Creditors	5,686	0	-4,890	47,369	-47,319	681	42,369	3,380	-5,078	-6,598	4,828	-2,624	6,580	3,787
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-119,591	0	-3,840	46,637	-48,012	-688	3,340	2,612	-6,184	-2,580	8,195	1,235	334	1,525
Investing Activities
capital expenditure	-307,245	0	3,840	688	687	688	-3,340	-2,563	1,444	-1,672	-643	-180	-136	-1,464
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-307,245	0	3,840	688	687	688	-3,340	-2,563	1,444	-1,672	-643	-180	-136	-1,464
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-47,325	47,325	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
Long term loans	0	0	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
other long term liabilities	426,836	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	0	12	34	26	4	1	0
cash flow from financing	426,836	0	0	-47,325	47,325	0	-100	0	12	34	26	4	1	100
cash and cash equivalents
cash	0	0	0	0	0	0	-100	49	-4,728	-4,218	7,578	1,059	199	161
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-100	49	-4,728	-4,218	7,578	1,059	199	161

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for banca restaurants limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in PO20 area or any other competitors across 12 key performance metrics.

BANCA RESTAURANTS LIMITED group structure

Banca Restaurants Limited has no subsidiary companies.

Ultimate parent company

BANCA RESTAURANTS LIMITED

03897625

BANCA RESTAURANTS LIMITED Shareholders

neil adrian kimber

100%

Banca Restaurants Limited currently has 1 director, Mr Neil Kimber serving since May 2005.

officer	country	age	start	end	role
Mr Neil Kimber		61 years	May 2005	-	Director

P&L

March 2023

turnover

255.3k

+288%

operating profit

-86.4k

gross margin

26.4%

+2.64%

turnover

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

Balance Sheet

March 2023

net assets

-128.9k

+2.03%

total assets

346.1k

cash

net assets

Total assets minus all liabilities

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company number

03897625

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

99999 - Dormant Company

incorporation date

December 1999

ultimate parent company

None

previous names

tickle me bits limited (November 2021)

always hire limited (October 2014)

address

the office the herbery, 29 james street, selsey, west sussex po20 9jq, PO20 0JG

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 banca restaurants limited.

banca restaurants limited Company Information

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banca restaurants limited Estimated Valuation

banca restaurants limited Estimated Valuation

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