Modern Rustic Ltd

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modern rustic ltd Company Information

Live

MatureMicroDeclining

Company Number

04501865

Website

http://thebullditchling.com

Registered Address

ground floor blackbrook gate 1, blackbrook business park, taunton, somerset, TA1 2PX

Industry

Public houses and bars

Licensed restaurants

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Telephone

01273843147

Next Accounts Due

December 2025

Group Structure

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Directors

Dominic Worrall22 Years

Shareholders

dominic christian worrall 51%

vanessa valda worrall 49%

modern rustic ltd Estimated Valuation

£695.5k

Pomanda estimates the enterprise value of MODERN RUSTIC LTD at £695.5k based on an EBITDA of £154.8k and a 4.49x industry multiple (adjusted for size and gross margin).

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Modern Rustic Ltd is a live company located in taunton, TA1 2PX with a Companies House number of 04501865. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in August 2002, it's largest shareholder is dominic christian worrall with a 51% stake. Modern Rustic Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £56.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Modern Rustic Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

3 Strong

3 Regular

3 Weak

Size

annual sales of £56.6k, make it smaller than the average company (£2.5m)

Growth

3 year (CAGR) sales growth of -61%, show it is growing at a slower rate (15%)

EXPORT

Modern Rustic Ltd's latest turnover from March 2024 is estimated at £56.6 thousand and the company has net assets of £216.8 thousand. According to their latest financial statements, Modern Rustic Ltd has 1 employee and maintains cash reserves of £34.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Apr 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	56,596	54,663	1,626,148	977,056	936,639	1,499,558	914,972	712,742	508,174	42,566	283,983	506,459	428,654	485,814	440,271
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	22,919	22,851	673,923	437,689	382,386	608,175	367,192	282,582	204,178	17,403	118,736	213,246	180,932	200,080	183,086
Gross Profit	33,677	31,812	952,224	539,368	554,252	891,383	547,780	430,160	303,996	25,164	165,247	293,213	247,722	285,734	257,185
Admin Expenses	-90,303	52,149	1,181,231	523,240	362,301	724,529	672,738	361,683	234,210	-2,305	175,277	302,331	173,194	307,058	184,520
Operating Profit	123,980	-20,337	-229,007	16,128	191,951	166,854	-124,958	68,477	69,786	27,469	-10,030	-9,118	74,528	-21,324	72,665
Interest Payable	0	0	1,951	3,196	1,626	1,953	2,339	1,596	2,022	1,026	0	0	0	0	0
Interest Receivable	1,003	5,518	970	5	26	168	77	165	508	341	98	31	58	59	20
Pre-Tax Profit	124,983	-14,819	-229,989	12,937	190,351	165,069	-127,220	67,046	68,273	26,784	-9,932	-9,087	74,585	-21,265	72,685
Tax	-31,246	0	0	-2,458	-36,167	-31,363	0	-13,409	-13,654	-5,625	0	0	-19,392	0	-20,352
Profit After Tax	93,737	-14,819	-229,989	10,479	154,184	133,706	-127,220	53,637	54,618	21,159	-9,932	-9,087	55,193	-21,265	52,333
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	93,737	-14,819	-229,989	10,479	154,184	133,706	-127,220	53,637	54,618	21,159	-9,932	-9,087	55,193	-21,265	52,333
Employee Costs	18,854	18,703	718,863	584,178	607,567	617,404	592,113	446,451	314,206	15,546	107,204	161,503	142,617	156,280	139,465
Number Of Employees	1	1	42	36	36	36	36	28	20	1	7	11	10	11	10
EBITDA*	154,784	-20,337	-229,007	107,729	281,475	267,230	-73,600	96,507	81,741	40,944	2,247	-1,522	80,316	-15,380	78,138

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Apr 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	99,275	102,720	0	597,182	657,684	710,820	746,937	179,297	164,262	168,820	165,494	284,186	262,551	263,903	261,946
Intangible Assets	3,778	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	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	0
Total Fixed Assets	103,053	102,720	0	597,182	657,684	710,820	746,937	179,297	164,262	168,820	165,494	284,186	262,551	263,903	261,946
Stock & work in progress	0	0	0	16,200	14,500	12,660	11,500	9,800	9,800	9,500	9,500	18,250	15,000	11,200	9,500
Trade Debtors	0	0	0	0	1,097	0	414	708	480	480	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	94,104	28,548	8,861	83,673	60,651	17,756	37,840	175,044	35,195	939	0	0	0	0	0
Cash	34,547	5,565	254,084	4,450	6,390	44,690	2	30,932	101,301	101,904	34,511	4,795	7,479	15,571	8,055
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	128,651	34,113	262,945	104,323	82,638	75,106	49,756	216,484	146,776	112,823	44,011	23,045	22,479	26,771	17,555
total assets	231,704	136,833	262,945	701,505	740,322	785,926	796,693	395,781	311,038	281,643	209,505	307,231	285,030	290,674	279,501
Bank overdraft	0	0	0	57,821	46,982	6,323	7,393	20,452	30,627	31,579	0	0	0	0	0
Bank loan	0	0	0	0	0	0	15,347	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	10,611	68,156	70,929	78,099	83,788	36,129	32,538	135,742	226,607	196,781	257,581	216,601
Group/Directors Accounts	0	2,211	0	0	0	0	0	2,487	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	14,870	11,525	53,325	145,125	151,795	355,106	410,761	85,483	94,702	121,781	0	0	0	0	0
total current liabilities	14,870	13,736	53,325	213,557	266,933	432,358	511,600	192,210	161,458	185,898	135,742	226,607	196,781	257,581	216,601
loans	0	0	0	0	0	0	28,792	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9,379
provisions	0	0	71,704	120,043	115,963	150,326	186,765	6,815	6,461	7,244	6,421	3,350	1,888	1,925	1,088
total long term liabilities	0	0	71,704	120,043	115,963	150,326	215,557	6,815	6,461	7,244	6,421	3,350	1,888	1,925	10,467
total liabilities	14,870	13,736	125,029	333,600	382,896	582,684	727,157	199,025	167,919	193,142	142,163	229,957	198,669	259,506	227,068
net assets	216,834	123,097	137,916	367,905	357,426	203,242	69,536	196,756	143,119	88,501	67,342	77,274	86,361	31,168	52,433
total shareholders funds	216,834	123,097	137,916	367,905	357,426	203,242	69,536	196,756	143,119	88,501	67,342	77,274	86,361	31,168	52,433

	Mar 2024	Apr 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	123,980	-20,337	-229,007	16,128	191,951	166,854	-124,958	68,477	69,786	27,469	-10,030	-9,118	74,528	-21,324	72,665
Depreciation	30,804	0	0	91,601	89,524	100,376	51,358	28,030	11,955	13,475	12,277	7,596	5,788	5,944	5,473
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-31,246	0	0	-2,458	-36,167	-31,363	0	-13,409	-13,654	-5,625	0	0	-19,392	0	-20,352
Stock	0	0	-16,200	1,700	1,840	1,160	1,700	0	300	0	-8,750	3,250	3,800	1,700	9,500
Debtors	65,556	19,687	-74,812	21,925	43,992	-20,498	-137,498	140,077	34,256	1,419	0	0	0	0	0
Creditors	0	0	-10,611	-57,545	-2,773	-7,170	-5,689	47,659	3,591	-103,204	-90,865	29,826	-60,800	40,980	216,601
Accruals and Deferred Income	3,345	-41,800	-91,800	-6,670	-203,311	-55,655	325,278	-9,219	-27,079	121,781	0	0	0	0	0
Deferred Taxes & Provisions	0	-71,704	-48,339	4,080	-34,363	-36,439	179,950	354	-783	823	3,071	1,462	-37	837	1,088
Cash flow from operations	61,327	-153,528	-288,745	21,511	-40,971	155,941	561,737	-18,185	9,260	53,300	-76,797	26,516	-3,713	24,737	265,975
Investing Activities
capital expenditure	-31,137	-102,720	597,182	-31,099	-36,388	-64,259	-618,998	-43,065	-7,397	-16,801	106,415	-29,231	-4,436	-7,901	-267,419
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-31,137	-102,720	597,182	-31,099	-36,388	-64,259	-618,998	-43,065	-7,397	-16,801	106,415	-29,231	-4,436	-7,901	-267,419
Financing Activities
Bank loans	0	0	0	0	0	-15,347	15,347	0	0	0	0	0	0	0	0
Group/Directors Accounts	-2,211	2,211	0	0	0	0	-2,487	2,487	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	0
Long term loans	0	0	0	0	0	-28,792	28,792	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	-9,379	9,379
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	1,003	5,518	-981	-3,191	-1,600	-1,785	-2,262	-1,431	-1,514	-685	98	31	58	59	20
cash flow from financing	-1,208	7,729	-981	-3,191	-1,600	-45,924	39,390	1,056	-1,514	-685	98	31	58	-9,320	9,499
cash and cash equivalents
cash	28,982	-248,519	249,634	-1,940	-38,300	44,688	-30,930	-70,369	-603	67,393	29,716	-2,684	-8,092	7,516	8,055
overdraft	0	0	-57,821	10,839	40,659	-1,070	-13,059	-10,175	-952	31,579	0	0	0	0	0
change in cash	28,982	-248,519	307,455	-12,779	-78,959	45,758	-17,871	-60,194	349	35,814	29,716	-2,684	-8,092	7,516	8,055

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MODERN RUSTIC LTD group structure

Modern Rustic Ltd has no subsidiary companies.

Ultimate parent company

MODERN RUSTIC LTD

04501865

MODERN RUSTIC LTD Shareholders

dominic christian worrall	51%
vanessa valda worrall	49%

Modern Rustic Ltd currently has 1 director, Mr Dominic Worrall serving since Aug 2002.

officer	country	age	start	end	role
Mr Dominic Worrall	England	53 years	Aug 2002	-	Director

P&L

March 2024

turnover

56.6k

+4%

operating profit

124k

gross margin

59.6%

+2.25%

turnover

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

Balance Sheet

March 2024

net assets

216.8k

+0.76%

total assets

231.7k

+0.69%

cash

34.5k

+5.21%

net assets

Total assets minus all liabilities

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company number

04501865

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

56302 - Public houses and bars

56101 - Licensed restaurants

incorporation date

August 2002

accounts

Total Exemption Full

ultimate parent company

None

previous names

dominics pub company limited (September 2022)

last accounts submitted

March 2024

address

ground floor blackbrook gate 1, blackbrook business park, taunton, somerset, TA1 2PX

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 modern rustic ltd. Currently there are 1 open charges and 2 have been satisfied in the past.

modern rustic ltd Company Information

modern rustic ltd Estimated Valuation

modern rustic ltd Estimated Valuation

modern rustic ltd Estimated Valuation

Modern Rustic Ltd Overview

Modern Rustic Ltd Health Check

MODERN RUSTIC LTD financials

modern rustic ltd Credit Report and Business Information

Modern Rustic Ltd Competitor Analysis

modern rustic ltd Ownership

modern rustic ltd directors

modern rustic ltd company details

modern rustic ltd Charges & Mortgages

modern rustic ltd Companies House Filings - See Documents