Tas Restaurant Limited

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tas restaurant limited Company Information

Company Number

04260540

Next Accounts

Dec 2025

Directors

Onder Sahan

Dervis Aslan

Shareholders

tas (london) limited

dervis aslan

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Group Structure

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Industry

Licensed restaurants

Registered Address

20-22 new globe walk, london, SE1 9DR

Website

www.tasrestaurants.co.uk

tas restaurant limited Estimated Valuation

£23.5m

Pomanda estimates the enterprise value of TAS RESTAURANT LIMITED at £23.5m based on a Turnover of £26.5m and 0.89x industry multiple (adjusted for size and gross margin).

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Tas Restaurant Limited is a live company located in london, SE1 9DR with a Companies House number of 04260540. It operates in the licenced restaurants sector, SIC Code 56101. Founded in July 2001, it's largest shareholder is tas (london) limited with a 63.5% stake. Tas Restaurant Limited is a mature, large sized company, Pomanda has estimated its turnover at £26.5m with healthy growth in recent years.

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

Health Rating4out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £26.5m, make it larger than the average company (£2m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a slower rate (21.4%)

EXPORT

Tas Restaurant Limited's latest turnover from March 2024 is estimated at £26.5 million and the company has net assets of £3.7 million. According to their latest financial statements, Tas Restaurant Limited has 38 employees and maintains cash reserves of £14.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	26,508,779	24,984,581	15,949,364	18,551,510	51,791,346	46,562,706	3,516,844	4,026,087	4,263,238	4,550,873	4,332,955	4,118,884	4,491,040	4,552,866	4,415,924
Other Income Or Grants
Cost Of Sales	16,592,949	15,992,786	10,417,532	12,462,824	31,654,050	28,647,711	1,202,883	1,144,154	1,397,741	1,415,029	1,668,430	1,629,964	1,794,056	1,676,054	1,483,904
Gross Profit	9,915,831	8,991,795	5,531,831	6,088,686	20,137,297	17,914,995	2,313,961	2,881,933	2,865,497	3,135,844	2,664,525	2,488,920	2,696,984	2,876,812	2,932,020
Admin Expenses	10,151,811	8,943,359	5,532,636	6,307,146	19,984,618	17,297,438	2,075,646	2,387,129	2,396,514	2,422,053	2,430,096	2,403,035	2,337,003	2,530,862	2,609,426
Operating Profit	-235,980	48,436	-805	-218,460	152,679	617,557	238,315	494,804	468,983	713,791	234,429	85,885	359,981	345,950	322,594
Interest Payable	17,963		13,452	29,669	34,346	37,426	25,961	23,357	17,901	56,820	43,676	21,232	36,335	28,123	12,941
Interest Receivable	441	271	68	6	4	69		4,486				2,189			11,207
Pre-Tax Profit	-253,502	48,706	-14,189	-248,123	118,337	580,200	642,354	515,933	495,723	714,471	250,753	93,842	368,646	333,327	408,360
Tax		-9,254			-22,484	-110,238	-121,557	-96,731	-85,759	-141,385	-44,371	-3,800	-88,197	-95,486	-93,673
Profit After Tax	-253,502	39,452	-14,189	-248,123	95,853	469,962	520,797	419,202	409,964	573,086	206,382	90,042	280,449	237,841	314,687
Dividends Paid											70,000	50,000	50,000
Retained Profit	-253,502	39,452	-14,189	-248,123	95,853	469,962	520,797	419,202	409,964	573,086	136,382	40,042	230,449	237,841	314,687
Employee Costs	749,512	696,587	642,577	467,432	14,583,775	13,419,347	1,006,222	1,166,223	1,208,300	1,284,283	1,215,154	1,155,926	1,232,944	1,182,148	1,119,820
Number Of Employees	38	36	36	28	811	753	58	68	73	78	76	75	82	82	80
EBITDA*	-212,492	80,863	35,859	-177,720	199,698	617,557	302,332	568,855	554,459	800,604	323,248	182,502	466,675	454,608	431,478

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	444,580	471,353	500,033	525,469	565,589	612,608	667,231	727,955	796,384	822,615	840,786	892,147	806,532	830,592	844,517
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	444,580	471,353	500,033	525,469	565,589	612,608	667,231	727,955	796,384	822,615	840,786	892,147	806,532	830,592	844,517
Stock & work in progress	368,940	472,340	408,127	812,620	900,741	959,220	742,682	547,016	379,755	407,790	348,457	409,857	479,275	508,017	335,987
Trade Debtors	5,311,264	5,351,834	5,137,674	4,569,204	4,533,487	4,031,211	3,560,112	1,969,332	2,194,680	1,881,493	1,400,014	953,419	2,974,743	2,408,584	975,473
Group Debtors								897,861	843,194	723,206	539,783	540,219	534,187	549,254	519,681
Misc Debtors								435,401	260,374	432,842	233,689	218,955	297,971	195,946	223,219
Cash	14,684	2,107	10,624	7,570	3,994	3,321	15,013	14,318	62,842	3,362	55,060	38,388	2,015	2,590	179,116
misc current assets	50,300	50,300	50,300	50,300		50,300	50,300	50,300	50,300	50,300	50	50	50	50	50
total current assets	5,745,188	5,876,581	5,606,725	5,439,694	5,488,522	5,044,052	4,368,107	3,914,228	3,791,145	3,498,993	2,577,053	2,160,888	4,288,241	3,664,441	2,233,526
total assets	6,189,768	6,347,934	6,106,758	5,965,163	6,054,111	5,656,660	5,035,338	4,642,183	4,587,529	4,321,608	3,417,839	3,053,035	5,094,773	4,495,033	3,078,043
Bank overdraft	319,339			202,544	378,136	355,902	319,679	339,926	240,714	388,233	294,002	490,094	255,266	334,074	180,182
Bank loan
Trade Creditors	807,189	2,393,565	2,194,606	580,991	656,826	349,015	443,789	480,775	1,001,718	954,289	710,764	618,377	1,859,868	1,468,469	427,582
Group/Directors Accounts	268,495			240,112	286,809	114,473		82,450	90,958	82,900	107,041	28,182	1,085,787	1,033,624	969,731
other short term finances												28,348	93,348	82,548	93,738
hp & lease commitments
other current liabilities	1,106,433			815,973	352,725	547,413	404,536	337,254	207,341	328,228	300,222	288,404	373,172	382,572	466,186
total current liabilities	2,501,456	2,393,565	2,194,606	1,839,620	1,674,496	1,366,803	1,168,004	1,240,405	1,540,731	1,753,650	1,412,029	1,453,405	3,667,441	3,301,287	2,137,419
loans				196,032	196,032	196,032	237,304	282,542	338,268	262,000	275,432
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	13,939	26,494	23,729	26,899	32,848	38,943	45,110	55,111	63,607	70,999	68,505	74,139	87,116	83,979	68,698
total long term liabilities	13,939	26,494	23,729	222,931	228,880	234,975	282,414	337,653	401,875	332,999	343,937	74,139	87,116	83,979	68,698
total liabilities	2,515,395	2,420,059	2,218,335	2,062,551	1,903,376	1,601,778	1,450,418	1,578,058	1,942,606	2,086,649	1,755,966	1,527,544	3,754,557	3,385,266	2,206,117
net assets	3,674,373	3,927,875	3,888,423	3,902,612	4,150,735	4,054,882	3,584,920	3,064,125	2,644,923	2,234,959	1,661,873	1,525,491	1,340,216	1,109,767	871,926
total shareholders funds	3,674,373	3,927,875	3,888,423	3,902,612	4,150,735	4,054,882	3,584,920	3,064,125	2,644,923	2,234,959	1,661,873	1,525,491	1,340,216	1,109,767	871,926

	Mar 2024	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	-235,980	48,436	-805	-218,460	152,679	617,557	238,315	494,804	468,983	713,791	234,429	85,885	359,981	345,950	322,594
Depreciation	23,488	32,427	36,664	40,740	47,019		64,017	74,051	85,476	86,813	88,819	96,617	106,694	108,658	108,884
Amortisation
Tax		-9,254			-22,484	-110,238	-121,557	-96,731	-85,759	-141,385	-44,371	-3,800	-88,197	-95,486	-93,673
Stock	-103,400	64,213	-404,493	-88,121	-58,479	216,538	195,666	167,261	-28,035	59,333	-61,400	-69,418	-28,742	172,030	335,987
Debtors	-40,570	214,160	568,470	35,717	502,276	471,099	257,518	4,346	260,707	864,055	460,893	-2,094,308	653,117	1,435,411	1,718,373
Creditors	-1,586,376	198,959	1,613,615	-75,835	307,811	-94,774	-36,986	-520,943	47,429	243,525	92,387	-1,241,491	391,399	1,040,887	427,582
Accruals and Deferred Income	1,106,433		-815,973	463,248	-194,688	142,877	67,282	129,913	-120,887	28,006	11,818	-84,768	-9,400	-83,614	466,186
Deferred Taxes & Provisions	-12,555	2,765	-3,170	-5,949	-6,095	-6,167	-10,001	-8,496	-7,392	2,494	-5,634	-12,977	3,137	15,281	68,698
Cash flow from operations	-561,020	-5,040	666,354	256,148	-159,555	-138,382	-252,114	-99,009	155,178	9,856	-22,045	1,003,192	139,239	-275,765	-754,089
Investing Activities
capital expenditure	3,285	-3,747	-11,228	-620		54,623	-3,293	-5,622	-59,245	-68,642	-37,458	-182,232	-82,634	-94,733	-953,401
Change in Investments
cash flow from investments	3,285	-3,747	-11,228	-620		54,623	-3,293	-5,622	-59,245	-68,642	-37,458	-182,232	-82,634	-94,733	-953,401
Financing Activities
Bank loans
Group/Directors Accounts	268,495		-240,112	-46,697	172,336	114,473	-82,450	-8,508	8,058	-24,141	78,859	-1,057,605	52,163	63,893	969,731
Other Short Term Loans											-28,348	-65,000	10,800	-11,190	93,738
Long term loans			-196,032			-41,272	-45,238	-55,726	76,268	-13,432	275,432
Hire Purchase and Lease Commitments
other long term liabilities
share issue							-2					145,233			557,239
interest	-17,522	271	-13,384	-29,663	-34,342	-37,357	-25,961	-18,871	-17,901	-56,820	-43,676	-19,043	-36,335	-28,123	-1,734
cash flow from financing	250,973	271	-449,528	-76,360	137,994	35,844	-153,651	-83,105	66,425	-94,393	282,267	-996,415	26,628	24,580	1,618,974
cash and cash equivalents
cash	12,577	-8,517	3,054	3,576	673	-11,692	695	-48,524	59,480	-51,698	16,672	36,373	-575	-176,526	179,116
overdraft	319,339		-202,544	-175,592	22,234	36,223	-20,247	99,212	-147,519	94,231	-196,092	234,828	-78,808	153,892	180,182
change in cash	-306,762	-8,517	205,598	179,168	-21,561	-47,915	20,942	-147,736	206,999	-145,929	212,764	-198,455	78,233	-330,418	-1,066

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TAS RESTAURANT LIMITED group structure

Tas Restaurant Limited has no subsidiary companies.

Ultimate parent company

TAS (LONDON) LIMITED

06163985

1 parent

TAS RESTAURANT LIMITED

04260540

TAS RESTAURANT LIMITED Shareholders

tas (london) limited	63.5%
dervis aslan	15%
onder sahan	15%
two men & a lady ltd	5%
jaklin jewell	1.5%

Tas Restaurant Limited currently has 2 directors. The longest serving directors include Mr Onder Sahan (Aug 2001) and Mr Dervis Aslan (Apr 2007).

officer	country	age	start	end	role
Mr Onder Sahan	England	58 years	Aug 2001	-	Director
Mr Dervis Aslan		62 years	Apr 2007	-	Director

P&L

March 2024

turnover

26.5m

+6%

operating profit

-236k

gross margin

37.5%

+3.94%

turnover

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

Balance Sheet

March 2024

net assets

3.7m

-0.06%

total assets

6.2m

-0.02%

cash

14.7k

+5.97%

net assets

Total assets minus all liabilities

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company number

04260540

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

incorporation date

July 2001

ultimate parent company

TAS (LONDON) LIMITED

previous names

N/A

address

20-22 new globe walk, london, SE1 9DR

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 13 charges/mortgages relating to tas restaurant limited. Currently there are 8 open charges and 5 have been satisfied in the past.

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tas restaurant limited Company Information

tas restaurant limited Estimated Valuation

tas restaurant limited Estimated Valuation

tas restaurant limited Estimated Valuation

Tas Restaurant Limited Overview

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TAS RESTAURANT LIMITED financials

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