Lasan Restaurant Limited

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lasan restaurant limited Company Information

Company Number

04306985

Next Accounts

51 days late

Directors

Jabbar Khan

Shareholders

khan holdings limited

lg team shares ltd

Group Structure

View All

Industry

Licensed restaurants

Registered Address

1st floor 177 stratford road, shirley, solihull, west midlands, B90 3AX

Website

www.lasan.co.uk

lasan restaurant limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of LASAN RESTAURANT LIMITED at £1.1m based on Net Assets of £394.8k and 2.72x industry multiple (adjusted for liquidity).

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Lasan Restaurant Limited is a live company located in solihull, B90 3AX with a Companies House number of 04306985. It operates in the licenced restaurants sector, SIC Code 56101. Founded in October 2001, it's largest shareholder is khan holdings limited with a 99% stake. Lasan Restaurant Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with rapid growth in recent years.

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

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £1.7m, make it in line with the average company (£1.6m)

Growth

3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (3.3%)

EXPORT

Lasan Restaurant Limited's latest turnover from March 2023 is estimated at £1.7 million and the company has net assets of £394.8 thousand. According to their latest financial statements, Lasan Restaurant Limited has 29 employees and maintains cash reserves of £117.7 thousand 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	1,749,128	1,307,525	301,066	536,587	74,629	82,412	117,622	36,343	7,705,708	5,162,898	4,954,852	1,461,703	1,206,181	891,696
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,118,909	853,431	202,093	328,675	45,902	48,779	69,767	21,952	4,711,409	3,194,622	3,141,722	913,893	711,271	529,960
Gross Profit	630,219	454,094	98,973	207,912	28,727	33,634	47,855	14,392	2,994,299	1,968,276	1,813,130	547,810	494,910	361,736
Admin Expenses	629,518	388,075	118,917	207,324	-32,451	114,260	-283,874	375,454	2,893,109	1,916,965	1,745,193	384,117	269,184	253,197
Operating Profit	701	66,019	-19,944	588	61,178	-80,626	331,729	-361,062	101,190	51,311	67,937	163,693	225,726	108,539
Interest Payable	0	7,947	12,897	13,396	19,129	10,421	179	2	0	0	0	0	0	0
Interest Receivable	4,770	938	91	31	294	466	416	1,109	1,327	1,520	1,689	1,570	1,117	440
Pre-Tax Profit	5,470	59,010	-32,750	-12,777	42,343	-90,581	331,965	-359,955	102,516	52,831	69,626	165,262	226,843	108,979
Tax	-1,039	-11,212	0	0	-8,045	0	-66,393	0	-21,528	-12,151	-16,710	-42,968	-63,516	-30,514
Profit After Tax	4,431	47,798	-32,750	-12,777	34,298	-90,581	265,572	-359,955	80,988	40,680	52,916	122,294	163,327	78,465
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	4,431	47,798	-32,750	-12,777	34,298	-90,581	265,572	-359,955	80,988	40,680	52,916	122,294	163,327	78,465
Employee Costs	557,510	446,025	300,492	394,673	35,642	34,697	34,301	16,552	2,171,149	1,447,894	1,385,533	405,136	316,651	237,962
Number Of Employees	29	25	18	22	2	2	2	1	132	91	90	27	22	17
EBITDA*	17,963	84,700	-13,252	7,989	85,117	-54,492	343,387	-350,194	112,077	62,097	78,906	175,419	237,618	113,131

* 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	348,304	364,976	382,106	401,937	419,778	442,743	151,720	150,896	151,010	150,408	152,031	158,427	160,776	89,869
Intangible Assets	0	0	0	311	622	932	1,243	0	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	348,304	364,976	382,106	402,248	420,400	443,675	152,963	150,896	151,010	150,408	152,031	158,427	160,776	89,869
Stock & work in progress	8,660	9,463	5,153	10,094	8,020	13,532	13,718	11,386	14,253	10,770	8,030	8,635	7,206	11,410
Trade Debtors	252,506	323,928	0	0	2,703	2,703	4,373	39	433,921	295,540	259,038	83,585	68,134	40,812
Group Debtors	0	0	285,366	271,892	338,939	393,868	810,631	570,305	0	0	0	0	0	0
Misc Debtors	0	0	9,557	37,993	19,477	35,303	12,299	13,138	0	0	0	0	0	0
Cash	117,666	106,788	143,375	39,397	22,462	55,956	130,386	202,244	241,311	289,441	318,607	357,031	270,810	176,032
misc current assets	0	0	0	0	32,137	0	0	0	0	0	0	0	0	0
total current assets	378,832	440,179	443,451	359,376	423,738	501,362	971,407	797,112	689,485	595,751	585,675	449,251	346,150	228,254
total assets	727,136	805,155	825,557	761,624	844,138	945,037	1,124,370	948,008	840,495	746,159	737,706	607,678	506,926	318,123
Bank overdraft	0	0	50,027	1,970	395	448	5,668	70	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	288,292	298,739	30,305	61,729	80,810	86,801	92,222	58,342	301,725	288,377	320,604	243,492	265,034	239,558
Group/Directors Accounts	0	0	7,617	6,564	14,228	9,737	5,150	9,602	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	209,597	130,600	109,181	179,715	576,943	701,179	0	0	0	0	0	0
total current liabilities	288,292	298,739	297,546	200,863	204,614	276,701	679,983	769,193	301,725	288,377	320,604	243,492	265,034	239,558
loans	0	0	185,434	185,434	251,420	314,530	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	44,038	116,041	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	44,038	116,041	185,434	185,434	251,420	314,530	0	0	0	0	0	0	0	0
total liabilities	332,330	414,780	482,980	386,297	456,034	591,231	679,983	769,193	301,725	288,377	320,604	243,492	265,034	239,558
net assets	394,806	390,375	342,577	375,327	388,104	353,806	444,387	178,815	538,770	457,782	417,102	364,186	241,892	78,565
total shareholders funds	394,806	390,375	342,577	375,327	388,104	353,806	444,387	178,815	538,770	457,782	417,102	364,186	241,892	78,565

	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	701	66,019	-19,944	588	61,178	-80,626	331,729	-361,062	101,190	51,311	67,937	163,693	225,726	108,539
Depreciation	17,262	18,681	6,381	7,090	23,629	25,823	11,347	10,868	10,887	10,786	10,969	11,726	11,892	4,592
Amortisation	0	0	311	311	310	311	311	0	0	0	0	0	0	0
Tax	-1,039	-11,212	0	0	-8,045	0	-66,393	0	-21,528	-12,151	-16,710	-42,968	-63,516	-30,514
Stock	-803	4,310	-4,941	2,074	-5,512	-186	2,332	-2,867	3,483	2,740	-605	1,429	-4,204	11,410
Debtors	-71,422	29,005	-14,962	-51,234	-70,755	-395,429	243,821	149,561	138,381	36,502	175,453	15,451	27,322	40,812
Creditors	-10,447	268,434	-31,424	-19,081	-5,991	-5,421	33,880	-243,383	13,348	-32,227	77,112	-21,542	25,476	239,558
Accruals and Deferred Income	0	-209,597	78,997	21,419	-70,534	-397,228	-124,236	701,179	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	78,702	99,010	54,224	59,487	76,814	-61,526	-59,515	-39,092	-37,967	-21,523	-35,540	94,029	176,460	269,953
Investing Activities
capital expenditure	-590	-1,551	13,450	10,751	-664	-316,846	-13,725	-10,754	-11,489	-9,163	-4,573	-9,377	-82,799	-94,461
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-590	-1,551	13,450	10,751	-664	-316,846	-13,725	-10,754	-11,489	-9,163	-4,573	-9,377	-82,799	-94,461
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-7,617	1,053	-7,664	4,491	4,587	-4,452	9,602	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	-185,434	0	-65,986	-63,110	314,530	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	-72,003	116,041	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	4,770	-7,009	-12,806	-13,365	-18,835	-9,955	237	1,107	1,327	1,520	1,689	1,570	1,117	440
cash flow from financing	-67,233	-84,019	-11,753	-87,015	-77,454	309,162	-4,215	10,709	1,327	1,520	1,689	1,570	1,117	540
cash and cash equivalents
cash	10,878	-36,587	103,978	16,935	-33,494	-74,430	-71,858	-39,067	-48,130	-29,166	-38,424	86,221	94,778	176,032
overdraft	0	-50,027	48,057	1,575	-53	-5,220	5,598	70	0	0	0	0	0	0
change in cash	10,878	13,440	55,921	15,360	-33,441	-69,210	-77,456	-39,137	-48,130	-29,166	-38,424	86,221	94,778	176,032

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LASAN RESTAURANT LIMITED group structure

Lasan Restaurant Limited has no subsidiary companies.

Ultimate parent company

KHAN HOLDINGS LIMITED

08167042

1 parent

LASAN RESTAURANT LIMITED

04306985

LASAN RESTAURANT LIMITED Shareholders

khan holdings limited	99.01%
lg team shares ltd	0.99%

Lasan Restaurant Limited currently has 1 director, Mr Jabbar Khan serving since Nov 2001.

officer	country	age	start	end	role
Mr Jabbar Khan	United Kingdom	49 years	Nov 2001	-	Director

P&L

March 2023

turnover

1.7m

+34%

operating profit

700.7

gross margin

36.1%

+3.75%

turnover

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

Balance Sheet

March 2023

net assets

394.8k

+0.01%

total assets

727.1k

-0.1%

cash

117.7k

+0.1%

net assets

Total assets minus all liabilities

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company number

04306985

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

incorporation date

October 2001

ultimate parent company

KHAN HOLDINGS LIMITED

previous names

lafan restaurants limited (December 2001)

address

1st floor 177 stratford road, shirley, solihull, west midlands, B90 3AX

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 3 charges/mortgages relating to lasan restaurant limited. Currently there are 3 open charges and 0 have been satisfied in the past.

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lasan restaurant limited Company Information

lasan restaurant limited Estimated Valuation

lasan restaurant limited Estimated Valuation

lasan restaurant limited Estimated Valuation

Lasan Restaurant Limited Overview

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