Hereford Restaurants Ltd

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hereford restaurants ltd Company Information

Dissolved

Company Number

04294711

Website

Registered Address

smart insolvency solutions limit, 1 castle street, worcester, WR1 3AA

Industry

Licensed restaurants

Telephone

01886884252

Next Accounts Due

September 2024

Group Structure

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Directors

William Sewell22 Years

Shareholders

bill's cafes ltd 100%

hereford restaurants ltd Estimated Valuation

£299.5k

Pomanda estimates the enterprise value of HEREFORD RESTAURANTS LTD at £299.5k based on a Turnover of £577.1k and 0.52x industry multiple (adjusted for size and gross margin).

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Hereford Restaurants Ltd is a dissolved company that was located in worcester, WR1 3AA with a Companies House number of 04294711. It operated in the licenced restaurants sector, SIC Code 56101. Founded in September 2001, it's largest shareholder was bill's cafes ltd with a 100% stake. The last turnover for Hereford Restaurants Ltd was estimated at £577.1k.

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Pomanda's financial health check has awarded Hereford Restaurants Ltd 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 £577.1k, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 51%, show it is growing at a faster rate (4.9%)

EXPORT

Hereford Restaurants Ltd's latest turnover from October 2018 is estimated at £577.1 thousand and the company has net assets of -£46.2 thousand. According to their latest financial statements, Hereford Restaurants Ltd has 16 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	577,139	497,946	351,097	167,757	262,614	366,346	499,812	563,725	375,206	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	361,621	296,470	212,005	101,026	160,231	229,569	309,814	343,143	221,171	0
Gross Profit	215,518	201,476	139,093	66,731	102,382	136,777	189,999	220,582	154,036	0
Admin Expenses	209,445	200,872	139,311	56,402	105,052	166,071	183,597	203,338	143,064	53,267
Operating Profit	6,073	604	-218	10,329	-2,670	-29,294	6,402	17,244	10,972	-53,267
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	1	4	7	25	23	10	10	3
Pre-Tax Profit	6,073	604	-217	10,333	-2,663	-29,269	6,425	17,254	10,982	-53,264
Tax	-1,154	-115	0	-2,066	0	0	-1,542	-4,486	-3,075	0
Profit After Tax	4,919	489	-217	8,266	-2,663	-29,269	4,883	12,768	7,907	-53,264
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	4,919	489	-217	8,266	-2,663	-29,269	4,883	12,768	7,907	-53,264
Employee Costs	280,340	149,627	114,418	49,341	78,283	109,160	147,515	158,317	96,361	0
Number Of Employees	16	9	7	3	5	7	10	11	7	0
EBITDA*	6,073	604	-218	18,123	5,287	-23,516	11,465	22,978	15,757	-47,685

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	39,726	47,413	57,744	30,654	31,531	22,061	20,048	22,707	18,875	22,117
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	39,726	47,413	57,744	30,654	31,531	22,061	20,048	22,707	18,875	22,117
Stock & work in progress	0	0	0	7,839	7,705	7,448	7,701	6,693	6,812	6,426
Trade Debtors	39,294	24,807	15,251	6,669	11,741	15,865	25,811	32,121	19,796	11,735
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	888	529	2,162	7,870	1,327	2,630	1,201
misc current assets	4,016	0	0	0	0	0	0	0	0	0
total current assets	43,310	24,807	15,251	15,396	19,975	25,475	41,382	40,141	29,238	19,362
total assets	83,036	72,220	72,995	46,050	51,506	47,536	61,430	62,848	48,113	41,479
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	117,600	123,170	110,893	91,200	104,550	104,411	89,036	95,337	93,370	93,528
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0
total current liabilities	117,600	123,170	110,893	91,200	104,550	104,411	89,036	95,337	93,370	93,528
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	150	0	0	0	0	0	0	0	0
other liabilities	0	0	13,691	1,543	5,860	0	0	0	0	1,115
provisions	0	0	0	4,579	634	0	0	0	0	0
total long term liabilities	11,617	150	13,691	6,122	6,494	0	0	0	0	1,115
total liabilities	129,217	123,320	124,584	97,322	111,044	104,411	89,036	95,337	93,370	94,643
net assets	-46,181	-51,100	-51,589	-51,272	-59,538	-56,875	-27,606	-32,489	-45,257	-53,164
total shareholders funds	-46,181	-51,100	-51,589	-51,272	-59,538	-56,875	-27,606	-32,489	-45,257	-53,164

	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	6,073	604	-218	10,329	-2,670	-29,294	6,402	17,244	10,972	-53,267
Depreciation	0	0	0	7,794	7,957	5,778	5,063	5,734	4,785	5,582
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-1,154	-115	0	-2,066	0	0	-1,542	-4,486	-3,075	0
Stock	0	0	-7,839	134	257	-253	1,008	-119	386	6,426
Debtors	14,487	9,556	8,582	-5,072	-4,124	-9,946	-6,310	12,325	8,061	11,735
Creditors	-5,570	12,277	19,693	-13,350	139	15,375	-6,301	1,967	-158	93,528
Accruals and Deferred Income	-150	150	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	-4,579	3,945	634	0	0	0	0	0
Cash flow from operations	-15,288	3,360	14,153	11,590	9,927	2,058	8,924	8,253	4,077	27,682
Investing Activities
capital expenditure	7,687	10,331	-27,090	-6,917	-17,427	-7,791	-2,404	-9,566	-1,543	-27,699
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	7,687	10,331	-27,090	-6,917	-17,427	-7,791	-2,404	-9,566	-1,543	-27,699
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	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
other long term liabilities	0	-13,691	12,148	-4,317	5,860	0	0	0	-1,115	1,115
share issue	0	0	-100	0	0	0	0	0	0	100
interest	0	0	1	4	7	25	23	10	10	3
cash flow from financing	0	-13,691	12,049	-4,313	5,867	25	23	10	-1,105	1,218
cash and cash equivalents
cash	0	0	-888	359	-1,633	-5,708	6,543	-1,303	1,429	1,201
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	-888	359	-1,633	-5,708	6,543	-1,303	1,429	1,201

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 hereford restaurants ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in WR1 area or any other competitors across 12 key performance metrics.

HEREFORD RESTAURANTS LTD group structure

Hereford Restaurants Ltd has no subsidiary companies.

Ultimate parent company

BILL'S CAFES LTD

04294707

1 parent

HEREFORD RESTAURANTS LTD

04294711

HEREFORD RESTAURANTS LTD Shareholders

bill's cafes ltd

100%

Hereford Restaurants Ltd currently has 1 director, Mr William Sewell serving since Sep 2001.

officer	country	age	start	end	role
Mr William Sewell	England	63 years	Sep 2001	-	Director

P&L

October 2018

turnover

577.1k

+16%

operating profit

6.1k

gross margin

37.4%

-7.71%

turnover

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

Balance Sheet

October 2018

net assets

-46.2k

-0.1%

total assets

83k

+0.15%

cash

net assets

Total assets minus all liabilities

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company number

04294711

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

incorporation date

September 2001

accounts

Micro-Entity Accounts

ultimate parent company

BILL'S CAFES LTD

previous names

N/A

last accounts submitted

October 2018

address

smart insolvency solutions limit, 1 castle street, worcester, WR1 3AA

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 hereford restaurants ltd.

hereford restaurants ltd Company Information

hereford restaurants ltd Estimated Valuation

hereford restaurants ltd Estimated Valuation

hereford restaurants ltd Estimated Valuation

Hereford Restaurants Ltd Overview

Hereford Restaurants Ltd Health Check

HEREFORD RESTAURANTS LTD financials

hereford restaurants ltd Credit Report and Business Information

Hereford Restaurants Ltd Competitor Analysis

hereford restaurants ltd Ownership

hereford restaurants ltd directors

hereford restaurants ltd company details

hereford restaurants ltd Charges & Mortgages

hereford restaurants ltd Companies House Filings - See Documents