pl 1 realisations (2020) limited
pl 1 realisations (2020) limited Company Information
Company Number
03970045
Next Accounts
1474 days late
Shareholders
gbk restaurants ltd
Group Structure
View All
Industry
Licensed restaurants
Registered Address
c/o teneo financial advisory lim, the colmore building, birmingham, B4 6AT
Website
gbk.co.ukpl 1 realisations (2020) limited Estimated Valuation
Pomanda estimates the enterprise value of PL 1 REALISATIONS (2020) LIMITED at £91m based on a Turnover of £76.1m and 1.2x industry multiple (adjusted for size and gross margin).
pl 1 realisations (2020) limited Estimated Valuation
Pomanda estimates the enterprise value of PL 1 REALISATIONS (2020) LIMITED at £0 based on an EBITDA of £-44k and a 7.74x industry multiple (adjusted for size and gross margin).
pl 1 realisations (2020) limited Estimated Valuation
Pomanda estimates the enterprise value of PL 1 REALISATIONS (2020) LIMITED at £0 based on Net Assets of £-16.3m and 2.72x industry multiple (adjusted for liquidity).
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Pl 1 Realisations (2020) Limited Overview
Pl 1 Realisations (2020) Limited is a live company located in birmingham, B4 6AT with a Companies House number of 03970045. It operates in the licenced restaurants sector, SIC Code 56101. Founded in April 2000, it's largest shareholder is gbk restaurants ltd with a 100% stake. Pl 1 Realisations (2020) Limited is a mature, large sized company, Pomanda has estimated its turnover at £76.1m with healthy growth in recent years.
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Pl 1 Realisations (2020) Limited Health Check
Pomanda's financial health check has awarded Pl 1 Realisations (2020) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
5 Regular
5 Weak
Size
annual sales of £76.1m, make it larger than the average company (£994.8k)
£76.1m - Pl 1 Realisations (2020) Limited
£994.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (4.2%)
4% - Pl 1 Realisations (2020) Limited
4.2% - Industry AVG
Production
with a gross margin of 37%, this company has a higher cost of product (60.5%)
37% - Pl 1 Realisations (2020) Limited
60.5% - Industry AVG
Profitability
an operating margin of -7.4% make it less profitable than the average company (2%)
-7.4% - Pl 1 Realisations (2020) Limited
2% - Industry AVG
Employees
with 1619 employees, this is above the industry average (70)
1619 - Pl 1 Realisations (2020) Limited
70 - Industry AVG
Pay Structure
on an average salary of £16.2k, the company has an equivalent pay structure (£17.9k)
£16.2k - Pl 1 Realisations (2020) Limited
£17.9k - Industry AVG
Efficiency
resulting in sales per employee of £47k, this is equally as efficient (£47.8k)
£47k - Pl 1 Realisations (2020) Limited
£47.8k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is near the average (6 days)
4 days - Pl 1 Realisations (2020) Limited
6 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is quicker than average (48 days)
41 days - Pl 1 Realisations (2020) Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 11 days, this is in line with average (13 days)
11 days - Pl 1 Realisations (2020) Limited
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (11 weeks)
5 weeks - Pl 1 Realisations (2020) Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 140.4%, this is a higher level of debt than the average (87.4%)
140.4% - Pl 1 Realisations (2020) Limited
87.4% - Industry AVG
PL 1 REALISATIONS (2020) LIMITED financials
Pl 1 Realisations (2020) Limited's latest turnover from February 2019 is £76.1 million and the company has net assets of -£16.3 million. According to their latest financial statements, Pl 1 Realisations (2020) Limited has 1,619 employees and maintains cash reserves of £3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 76,054,000 | 81,744,000 | 77,912,000 | 67,417,000 | 55,807,000 | 50,496,000 | 40,653,000 | 39,050,000 | 37,579,000 | 37,322,000 |
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 47,949,000 | 49,017,000 | 44,906,000 | 38,632,000 | 32,452,000 | 30,037,000 | 24,454,000 | 23,957,000 | 21,844,000 | 21,032,000 |
| Gross Profit | 28,105,000 | 32,727,000 | 33,006,000 | 28,785,000 | 23,355,000 | 20,459,000 | 16,199,000 | 15,093,000 | 15,735,000 | 16,290,000 |
| Admin Expenses | 33,744,000 | 32,325,000 | 26,825,000 | 23,110,000 | 20,177,000 | 19,242,000 | 15,980,000 | 14,272,000 | 13,333,000 | 12,333,000 |
| Operating Profit | -5,639,000 | 402,000 | 6,181,000 | 5,675,000 | 3,178,000 | 1,217,000 | 219,000 | 821,000 | 2,402,000 | 3,957,000 |
| Interest Payable | 813,000 | 837,000 | 1,721,000 | 2,347,000 | 2,064,000 | 1,356,000 | 857,000 | 878,000 | 924,000 | 1,000,000 |
| Interest Receivable | 10,000 | 2,000 | ||||||||
| Pre-Tax Profit | -24,331,000 | -6,366,000 | 4,460,000 | 3,328,000 | 1,114,000 | -139,000 | -687,000 | -193,000 | -5,630,000 | 2,883,000 |
| Tax | 849,000 | 550,000 | -310,000 | -977,000 | 109,000 | 48,000 | 481,000 | -188,000 | 214,000 | -422,000 |
| Profit After Tax | -23,482,000 | -5,816,000 | 4,150,000 | 2,351,000 | 1,223,000 | -91,000 | -206,000 | -381,000 | -5,416,000 | 2,461,000 |
| Dividends Paid | ||||||||||
| Retained Profit | -23,482,000 | -5,816,000 | 4,150,000 | 2,351,000 | 1,223,000 | -91,000 | -206,000 | -381,000 | -5,416,000 | 2,461,000 |
| Employee Costs | 26,160,000 | 27,087,000 | 23,819,000 | 21,594,000 | 18,301,000 | 16,887,000 | 14,344,000 | 13,305,000 | 12,811,000 | 12,140,000 |
| Number Of Employees | 1,619 | 1,850 | 1,864 | 1,625 | 1,171 | 1,033 | 917 | 914 | ||
| EBITDA* | -44,000 | 6,551,000 | 11,504,000 | 10,205,000 | 7,261,000 | 4,893,000 | 3,403,000 | 3,251,000 | 5,072,000 | 6,359,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 33,619,000 | 53,309,000 | 55,995,000 | 45,650,000 | 40,202,000 | 35,780,000 | 32,672,000 | 27,034,000 | 25,388,000 | 30,034,000 |
| Intangible Assets | 199,000 | 212,000 | 214,000 | 174,000 | 132,000 | 121,000 | 122,000 | 126,000 | 111,000 | 99,000 |
| Investments & Other | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 64,000 | 63,000 | |
| Debtors (Due After 1 year) | 927,000 | 136,000 | 93,000 | 93,000 | 93,000 | 18,000 | 47,000 | 53,000 | 110,000 | |
| Total Fixed Assets | 33,818,000 | 53,521,000 | 56,209,000 | 45,824,000 | 40,334,000 | 35,901,000 | 32,813,000 | 27,208,000 | 25,616,000 | 30,306,000 |
| Stock & work in progress | 1,494,000 | 1,765,000 | 1,599,000 | 1,334,000 | 1,070,000 | 1,040,000 | 1,014,000 | 809,000 | 761,000 | 736,000 |
| Trade Debtors | 1,027,000 | 1,441,000 | 865,000 | 695,000 | 335,000 | 893,000 | 872,000 | 728,000 | 468,000 | 640,000 |
| Group Debtors | 1,377,000 | 720,000 | 576,000 | 6,000 | ||||||
| Misc Debtors | 1,238,000 | 1,338,000 | 1,200,000 | 849,000 | 949,000 | 695,000 | 2,284,000 | 2,236,000 | 1,021,000 | |
| Cash | 2,977,000 | 4,488,000 | 4,149,000 | 2,190,000 | 3,826,000 | 464,000 | 431,000 | 406,000 | 317,000 | 318,000 |
| misc current assets | 118,000 | 48,000 | ||||||||
| total current assets | 6,576,000 | 8,980,000 | 9,328,000 | 6,139,000 | 6,656,000 | 3,352,000 | 3,012,000 | 4,227,000 | 3,782,000 | 2,715,000 |
| total assets | 40,394,000 | 62,501,000 | 65,537,000 | 51,963,000 | 46,990,000 | 39,253,000 | 35,825,000 | 31,435,000 | 29,398,000 | 33,021,000 |
| Bank overdraft | 867,000 | 1,442,000 | 36,000 | 183,000 | ||||||
| Bank loan | ||||||||||
| Trade Creditors | 5,413,000 | 5,503,000 | 6,486,000 | 5,627,000 | 4,824,000 | 3,914,000 | 4,277,000 | 5,066,000 | 4,856,000 | 3,133,000 |
| Group/Directors Accounts | ||||||||||
| other short term finances | 10,855,000 | |||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 18,097,000 | 11,357,000 | 10,756,000 | 8,914,000 | 7,434,000 | 5,459,000 | 4,675,000 | 3,890,000 | 3,411,000 | |
| total current liabilities | 26,644,000 | 23,600,000 | 17,843,000 | 16,383,000 | 13,738,000 | 12,215,000 | 9,736,000 | 11,183,000 | 8,782,000 | 6,727,000 |
| loans | 18,965,000 | 12,688,000 | 12,888,000 | 13,532,000 | ||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | 30,000,000 | 33,508,000 | 25,666,000 | 26,206,000 | 21,106,000 | |||||
| provisions | 3,450,000 | 2,388,000 | 2,144,000 | 1,110,000 | 1,328,000 | 906,000 | 1,140,000 | 923,000 | 923,000 | |
| total long term liabilities | 30,056,000 | 31,725,000 | 34,702,000 | 26,738,000 | 26,761,000 | 21,770,000 | 19,871,000 | 13,828,000 | 13,811,000 | 14,455,000 |
| total liabilities | 56,700,000 | 55,325,000 | 52,545,000 | 43,121,000 | 40,499,000 | 33,985,000 | 29,607,000 | 25,011,000 | 22,593,000 | 21,182,000 |
| net assets | -16,306,000 | 7,176,000 | 12,992,000 | 8,842,000 | 6,491,000 | 5,268,000 | 6,218,000 | 6,424,000 | 6,805,000 | 11,839,000 |
| total shareholders funds | -16,306,000 | 7,176,000 | 12,992,000 | 8,842,000 | 6,491,000 | 5,268,000 | 6,218,000 | 6,424,000 | 6,805,000 | 11,839,000 |
| Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -5,639,000 | 402,000 | 6,181,000 | 5,675,000 | 3,178,000 | 1,217,000 | 219,000 | 821,000 | 2,402,000 | 3,957,000 |
| Depreciation | 5,595,000 | 6,137,000 | 5,311,000 | 4,525,000 | 4,080,000 | 3,673,000 | 3,180,000 | 2,426,000 | 2,666,000 | 2,399,000 |
| Amortisation | 12,000 | 12,000 | 5,000 | 3,000 | 3,000 | 4,000 | 4,000 | 4,000 | 3,000 | |
| Tax | 849,000 | 550,000 | -310,000 | -977,000 | 109,000 | 48,000 | 481,000 | -188,000 | 214,000 | -422,000 |
| Stock | -271,000 | 166,000 | 265,000 | 264,000 | 30,000 | 26,000 | 205,000 | 48,000 | 25,000 | 736,000 |
| Debtors | -2,579,000 | -110,000 | 1,008,000 | 855,000 | -88,000 | 356,000 | -1,474,000 | 302,000 | 986,000 | 1,771,000 |
| Creditors | -90,000 | -983,000 | 859,000 | 803,000 | 910,000 | -363,000 | -789,000 | 210,000 | 1,723,000 | 3,133,000 |
| Accruals and Deferred Income | -18,097,000 | 6,740,000 | 601,000 | 1,842,000 | 1,480,000 | 1,975,000 | 784,000 | 785,000 | 479,000 | 3,411,000 |
| Deferred Taxes & Provisions | -3,450,000 | 1,062,000 | 244,000 | 1,034,000 | -218,000 | 422,000 | -234,000 | 217,000 | 923,000 | |
| Cash flow from operations | 13,864,000 | 11,625,000 | 11,788,000 | 9,600,000 | 6,593,000 | 4,914,000 | 3,925,000 | 6,477,000 | 10,897,000 | |
| Investing Activities | ||||||||||
| capital expenditure | -8,866,000 | -4,107,000 | -4,465,000 | -2,592,000 | ||||||
| Change in Investments | -1,000 | -63,000 | 1,000 | 63,000 | ||||||
| cash flow from investments | -8,866,000 | -4,044,000 | -4,466,000 | -2,655,000 | ||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | ||||||||||
| Other Short Term Loans | 10,855,000 | |||||||||
| Long term loans | -18,965,000 | 6,277,000 | -200,000 | -644,000 | 13,532,000 | |||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | -30,000,000 | -3,508,000 | 7,842,000 | -540,000 | 5,100,000 | 21,106,000 | ||||
| share issue | ||||||||||
| interest | -837,000 | -1,721,000 | -2,347,000 | -2,064,000 | -1,356,000 | -847,000 | -878,000 | -924,000 | -998,000 | |
| cash flow from financing | -4,345,000 | 6,121,000 | -2,887,000 | 3,036,000 | -74,000 | 5,430,000 | -1,078,000 | -1,186,000 | 21,912,000 | |
| cash and cash equivalents | ||||||||||
| cash | -1,511,000 | 339,000 | 1,959,000 | -1,636,000 | 3,362,000 | 33,000 | 25,000 | 89,000 | -1,000 | 318,000 |
| overdraft | -867,000 | 867,000 | -1,442,000 | 1,406,000 | -147,000 | 183,000 | ||||
| change in cash | -1,511,000 | 339,000 | 1,959,000 | -1,636,000 | 4,229,000 | -834,000 | 1,467,000 | -1,317,000 | 146,000 | 135,000 |
pl 1 realisations (2020) limited Credit Report and Business Information
Pl 1 Realisations (2020) Limited Competitor Analysis
Perform a competitor analysis for pl 1 realisations (2020) limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other large companies, companies in B 4 area or any other competitors across 12 key performance metrics.
pl 1 realisations (2020) limited Ownership
PL 1 REALISATIONS (2020) LIMITED group structure
Pl 1 Realisations (2020) Limited has 3 subsidiary companies.
Ultimate parent company
FAMOUS BRANDS LTD
#0068666
2 parents
PL 1 REALISATIONS (2020) LIMITED
03970045
3 subsidiaries
pl 1 realisations (2020) limited directors
Pl 1 Realisations (2020) Limited currently has 2 directors. The longest serving directors include Mr Gerard Carolan (Sep 2014) and Mr Izak Fourie (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gerard Carolan | 64 years | Sep 2014 | - | Director | |
| Mr Izak Fourie | 52 years | Feb 2020 | - | Director |
P&L
February 2019turnover
76.1m
-7%
operating profit
-5.6m
-1503%
gross margin
37%
-7.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2019net assets
-16.3m
-3.27%
total assets
40.4m
-0.35%
cash
3m
-0.34%
net assets
Total assets minus all liabilities
pl 1 realisations (2020) limited company details
company number
03970045
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
April 2000
age
25
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
February 2019
previous names
gourmet burger kitchen limited (October 2020)
wisconsin uk limited (February 2005)
accountant
-
auditor
REES POLLOCK
address
c/o teneo financial advisory lim, the colmore building, birmingham, B4 6AT
Bank
-
Legal Advisor
-
pl 1 realisations (2020) 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 7 charges/mortgages relating to pl 1 realisations (2020) limited. Currently there are 3 open charges and 4 have been satisfied in the past.
pl 1 realisations (2020) 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.
Click to start generating capital raising & share issue transactions for PL 1 REALISATIONS (2020) LIMITED. This can take several minutes, an email will notify you when this has completed.
pl 1 realisations (2020) limited Companies House Filings - See Documents
| date | description | view/download |
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