busaba eathai limited
busaba eathai limited Company Information
Company Number
04956194
Next Accounts
Jun 2025
Directors
Shareholders
10939855 tp2 limited
Group Structure
View All
Industry
Licensed restaurants
Registered Address
27 old gloucester street, london, WC1N 3AX
Website
www.busaba.combusaba eathai limited Estimated Valuation
Pomanda estimates the enterprise value of BUSABA EATHAI LIMITED at £17.6m based on a Turnover of £21.1m and 0.84x industry multiple (adjusted for size and gross margin).
busaba eathai limited Estimated Valuation
Pomanda estimates the enterprise value of BUSABA EATHAI LIMITED at £5.1m based on an EBITDA of £951k and a 5.41x industry multiple (adjusted for size and gross margin).
busaba eathai limited Estimated Valuation
Pomanda estimates the enterprise value of BUSABA EATHAI LIMITED at £0 based on Net Assets of £-26.1m and 2.72x industry multiple (adjusted for liquidity).
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Busaba Eathai Limited Overview
Busaba Eathai Limited is a live company located in london, WC1N 3AX with a Companies House number of 04956194. It operates in the licenced restaurants sector, SIC Code 56101. Founded in November 2003, it's largest shareholder is 10939855 tp2 limited with a 100% stake. Busaba Eathai Limited is a mature, large sized company, Pomanda has estimated its turnover at £21.1m with declining growth in recent years.
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Busaba Eathai Limited Health Check
Pomanda's financial health check has awarded Busaba Eathai Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
6 Weak
Size
annual sales of £21.1m, make it larger than the average company (£2.6m)
£21.1m - Busaba Eathai Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (6%)
-4% - Busaba Eathai Limited
6% - Industry AVG
Production
with a gross margin of 40.1%, this company has a higher cost of product (58.2%)
40.1% - Busaba Eathai Limited
58.2% - Industry AVG
Profitability
an operating margin of 0.3% make it less profitable than the average company (2.5%)
0.3% - Busaba Eathai Limited
2.5% - Industry AVG
Employees
with 395 employees, this is above the industry average (51)
395 - Busaba Eathai Limited
51 - Industry AVG
Pay Structure
on an average salary of £19.1k, the company has an equivalent pay structure (£19.9k)
£19.1k - Busaba Eathai Limited
£19.9k - Industry AVG
Efficiency
resulting in sales per employee of £53.4k, this is equally as efficient (£54.6k)
£53.4k - Busaba Eathai Limited
£54.6k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is near the average (5 days)
5 days - Busaba Eathai Limited
5 days - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is quicker than average (47 days)
36 days - Busaba Eathai Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is in line with average (12 days)
14 days - Busaba Eathai Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Busaba Eathai Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 592.7%, this is a higher level of debt than the average (83.5%)
592.7% - Busaba Eathai Limited
83.5% - Industry AVG
BUSABA EATHAI LIMITED financials
Busaba Eathai Limited's latest turnover from September 2023 is £21.1 million and the company has net assets of -£26.1 million. According to their latest financial statements, Busaba Eathai Limited has 395 employees and maintains cash reserves of £1.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 21,073,957 | 21,162,725 | 10,251,709 | 23,891,186 | 28,187,751 | 28,447,164 | 29,388,743 | 27,719,411 | 26,207,373 | 24,889,611 | 23,722,276 | 20,954,706 | 15,313,800 | 10,290,558 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 12,627,887 | 12,681,907 | 7,528,055 | 16,172,917 | 15,845,895 | 16,373,553 | 17,694,931 | 15,997,954 | 15,400,362 | 15,087,983 | 14,617,768 | 13,053,161 | 9,567,672 | 6,079,870 |
| Gross Profit | 8,446,070 | 8,480,818 | 2,723,654 | 7,718,269 | 12,341,856 | 12,073,611 | 11,693,812 | 11,721,457 | 10,807,011 | 9,801,628 | 9,104,508 | 7,901,545 | 5,746,128 | 4,210,688 |
| Admin Expenses | 8,389,709 | 9,901,822 | -1,658,865 | 12,511,479 | 13,987,707 | 22,159,574 | 20,439,872 | 12,101,760 | 11,066,840 | 11,371,251 | 8,789,373 | 7,838,784 | 5,519,435 | 3,743,588 |
| Operating Profit | 56,361 | -1,421,004 | 4,382,519 | -4,793,210 | -1,645,851 | -10,085,963 | -8,746,060 | -380,303 | -259,829 | -1,569,623 | 315,135 | 62,761 | 226,693 | 467,100 |
| Interest Payable | 1,869,582 | 1,672,373 | 1,510,617 | 1,704,794 | 1,213,262 | 1,170,801 | 1,316,059 | 427,632 | 287,949 | 252,364 | 281,739 | 306,251 | 138,824 | 1,446 |
| Interest Receivable | 0 | 0 | 0 | 483 | 2,026 | 0 | 54 | 1,497 | 1,652 | 1,148 | 388 | 2,165 | 5,714 | 13,836 |
| Pre-Tax Profit | -1,813,221 | -3,093,377 | 2,871,902 | -6,497,521 | -2,857,087 | -11,256,764 | -10,062,065 | -806,438 | -546,126 | -1,820,839 | 33,784 | -241,325 | 93,583 | 479,490 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 92,245 | 347,755 | -90,196 | -954,996 | 288,132 | -64,479 | 71,856 | 17,999 |
| Profit After Tax | -1,813,221 | -3,093,377 | 2,871,902 | -6,497,521 | -2,857,087 | -11,256,764 | -9,969,820 | -458,683 | -636,322 | -2,775,835 | 321,916 | -305,804 | 165,439 | 497,489 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,813,221 | -3,093,377 | 2,871,902 | -6,497,521 | -2,857,087 | -11,256,764 | -9,969,820 | -458,683 | -636,322 | -2,775,835 | 321,916 | -305,804 | 165,439 | 497,489 |
| Employee Costs | 7,542,531 | 7,462,606 | 5,723,436 | 10,942,191 | 9,712,462 | 10,337,377 | 11,258,681 | 10,699,969 | 10,555,337 | 9,447,547 | 9,110,899 | 8,131,398 | 5,975,764 | 3,628,234 |
| Number Of Employees | 395 | 374 | 278 | 459 | 489 | 541 | 605 | 564 | 545 | 516 | 519 | 488 | 365 | 235 |
| EBITDA* | 950,966 | -371,029 | 5,373,054 | -2,866,588 | 995,457 | -7,847,253 | -2,664,209 | 1,230,046 | 1,249,523 | -63,669 | 1,707,600 | 1,469,665 | 1,009,680 | 992,977 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,086,376 | 4,030,529 | 4,153,684 | 6,359,756 | 7,871,149 | 10,020,948 | 15,053,403 | 16,869,130 | 13,660,920 | 11,026,355 | 12,988,741 | 12,348,655 | 9,894,523 | 5,019,082 |
| Intangible Assets | 7,427 | 8,695 | 9,726 | 8,654 | 0 | 1,861 | 3,028 | 4,292 | 24,059 | 47,535 | 71,766 | 103,199 | 33,637 | 6,964 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 302,356 | 120,000 | 154,000 | 265,032 | 270,032 | 266,210 | 256,210 | 247,010 | 182,010 | 182,010 | 182,010 | 187,010 | 267,010 | 264,799 |
| Total Fixed Assets | 3,396,159 | 4,159,224 | 4,317,410 | 6,633,442 | 8,141,181 | 10,289,019 | 15,312,641 | 17,120,432 | 13,866,989 | 11,255,900 | 13,242,517 | 12,638,864 | 10,195,170 | 5,290,845 |
| Stock & work in progress | 510,383 | 487,389 | 335,018 | 355,625 | 340,231 | 359,571 | 990,093 | 946,341 | 628,548 | 570,704 | 590,435 | 500,055 | 378,190 | 186,006 |
| Trade Debtors | 334,848 | 359,831 | 279,261 | 162,348 | 562,807 | 496,267 | 922,548 | 654,909 | 591,042 | 632,942 | 336,374 | 271,749 | 234,568 | 137,822 |
| Group Debtors | 244,448 | 30,000 | 0 | 10 | 0 | 0 | 0 | 818,921 | 283,333 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 816,065 | 909,025 | 786,668 | 427,333 | 1,156,848 | 515,882 | 650,837 | 600,211 | 334,312 | 592,714 | 875,139 | 575,045 | 718,454 | 498,803 |
| Cash | 1,800 | 2,050 | 1,496 | 318,497 | 919,575 | 716,924 | 687,279 | 615,384 | 2,431,488 | 2,167,515 | 719,431 | 893,014 | 855,901 | 1,651,263 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,907,544 | 1,788,295 | 1,402,443 | 1,263,813 | 2,979,461 | 2,088,644 | 3,250,757 | 3,635,766 | 4,268,723 | 3,963,875 | 2,521,379 | 2,239,863 | 2,187,113 | 2,473,894 |
| total assets | 5,303,703 | 5,947,519 | 5,719,853 | 7,897,255 | 11,120,642 | 12,377,663 | 18,563,398 | 20,756,198 | 18,135,712 | 15,219,775 | 15,763,896 | 14,878,727 | 12,382,283 | 7,764,739 |
| Bank overdraft | 119,324 | 396,024 | 424,242 | 0 | 0 | 0 | 0 | 0 | 0 | 3,824,840 | 0 | 0 | 0 | 0 |
| Bank loan | 225,927 | 0 | 0 | 0 | 1,387,365 | 1,414,719 | 603,753 | 1,655,990 | 567,903 | 0 | 839,000 | 669,453 | 365,006 | 0 |
| Trade Creditors | 1,248,418 | 705,099 | 784,774 | 1,497,093 | 1,678,361 | 1,965,080 | 2,088,765 | 2,188,181 | 1,274,436 | 937,732 | 938,992 | 666,979 | 846,330 | 547,293 |
| Group/Directors Accounts | 0 | 2,300,000 | 2,300,000 | 2,468,694 | 5,044,069 | 5,044,069 | 5,040,897 | 1,951,672 | 9,013,834 | 0 | 0 | 0 | 1,078 | 0 |
| other short term finances | 20,040,925 | 18,504,642 | 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 | 5,638,259 | 4,833,400 | 3,277,382 | 5,304,496 | 3,211,875 | 3,230,264 | 3,623,516 | 3,015,207 | 3,031,527 | 3,099,742 | 2,874,367 | 2,677,081 | 2,083,632 | 1,253,925 |
| total current liabilities | 27,272,853 | 26,739,165 | 6,786,398 | 9,270,283 | 11,321,670 | 11,654,132 | 11,356,931 | 8,811,050 | 13,887,700 | 7,862,314 | 4,652,359 | 4,013,513 | 3,296,046 | 1,801,218 |
| loans | 4,160,557 | 3,524,840 | 20,156,564 | 19,839,638 | 13,722,696 | 11,805,298 | 10,060,270 | 5,606,722 | 4,103,148 | 6,466,471 | 7,994,516 | 8,070,109 | 5,985,328 | 3,028,051 |
| 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 | 200,000 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 2,882,345 | 3,673,766 | 3,898,636 | 869,836 | 92,245 | 440,000 | 349,804 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,160,557 | 3,524,840 | 20,156,564 | 22,721,983 | 17,396,462 | 15,703,934 | 10,930,106 | 5,698,967 | 4,543,148 | 7,016,275 | 7,994,516 | 8,070,109 | 5,985,328 | 3,028,051 |
| total liabilities | 31,433,410 | 30,264,005 | 26,942,962 | 31,992,266 | 28,718,132 | 27,358,066 | 22,287,037 | 14,510,017 | 18,430,848 | 14,878,589 | 12,646,875 | 12,083,622 | 9,281,374 | 4,829,269 |
| net assets | -26,129,707 | -24,316,486 | -21,223,109 | -24,095,011 | -17,597,490 | -14,980,403 | -3,723,639 | 6,246,181 | -295,136 | 341,186 | 3,117,021 | 2,795,105 | 3,100,909 | 2,935,470 |
| total shareholders funds | -26,129,707 | -24,316,486 | -21,223,109 | -24,095,011 | -17,597,490 | -14,980,403 | -3,723,639 | 6,246,181 | -295,136 | 341,186 | 3,117,021 | 2,795,105 | 3,100,909 | 2,935,470 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 56,361 | -1,421,004 | 4,382,519 | -4,793,210 | -1,645,851 | -10,085,963 | -8,746,060 | -380,303 | -259,829 | -1,569,623 | 315,135 | 62,761 | 226,693 | 467,100 |
| Depreciation | 893,337 | 1,048,944 | 987,779 | 1,926,384 | 2,639,865 | 2,237,543 | 6,080,587 | 1,590,582 | 1,485,876 | 1,481,723 | 1,361,032 | 1,378,500 | 774,987 | 523,257 |
| Amortisation | 1,268 | 1,031 | 2,756 | 238 | 1,443 | 1,167 | 1,264 | 19,767 | 23,476 | 24,231 | 31,433 | 28,404 | 8,000 | 2,620 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 92,245 | 347,755 | -90,196 | -954,996 | 288,132 | -64,479 | 71,856 | 17,999 |
| Stock | 22,994 | 152,371 | -20,607 | 15,394 | -19,340 | -630,522 | 43,752 | 317,793 | 57,844 | -19,731 | 90,380 | 121,865 | 192,184 | 186,006 |
| Debtors | 278,861 | 198,927 | 365,206 | -1,134,964 | 711,328 | -551,236 | -491,456 | 930,354 | -16,969 | 14,143 | 359,719 | -186,228 | 318,608 | 901,424 |
| Creditors | 543,319 | -79,675 | -712,319 | -181,268 | -286,719 | -123,685 | -99,416 | 913,745 | 336,704 | -1,260 | 272,013 | -179,351 | 299,037 | 547,293 |
| Accruals and Deferred Income | 804,859 | 1,556,018 | -2,027,114 | 2,092,621 | -18,389 | -393,252 | 608,309 | -16,320 | -268,215 | 425,375 | 197,286 | 593,449 | 829,707 | 1,253,925 |
| Deferred Taxes & Provisions | 0 | 0 | -2,882,345 | -791,421 | -224,870 | 3,028,800 | 777,591 | -347,755 | 90,196 | 349,804 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,997,289 | 754,016 | -593,323 | -627,086 | -226,509 | -4,153,632 | -837,776 | 879,324 | 1,277,137 | -239,158 | 2,014,932 | 1,883,647 | 1,699,488 | 1,724,764 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | -2,095,696 | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | -2,095,696 | ||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 225,927 | 0 | 0 | -1,387,365 | -27,354 | 810,966 | -1,052,237 | 1,088,087 | 567,903 | -839,000 | 169,547 | 304,447 | 365,006 | 0 |
| Group/Directors Accounts | -2,300,000 | 0 | -168,694 | -2,575,375 | 0 | 3,172 | 3,089,225 | -7,062,162 | 9,013,834 | 0 | 0 | -1,078 | 1,078 | 0 |
| Other Short Term Loans | 1,536,283 | 18,504,642 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 635,717 | -16,631,724 | 316,926 | 6,116,942 | 1,917,398 | 1,745,028 | 4,453,548 | 1,503,574 | -2,363,323 | -1,528,045 | -75,593 | 2,084,781 | 2,957,277 | 3,028,051 |
| Hire Purchase and Lease Commitments | 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 | 0 |
| share issue | ||||||||||||||
| interest | -1,869,582 | -1,672,373 | -1,510,617 | -1,704,311 | -1,211,236 | -1,170,801 | -1,316,005 | -426,135 | -286,297 | -251,216 | -281,351 | -304,086 | -133,110 | 12,390 |
| cash flow from financing | -1,771,655 | 200,545 | -1,362,385 | 449,891 | 918,808 | 1,388,365 | 5,174,531 | 2,103,364 | 6,932,117 | -2,618,261 | -187,397 | 2,084,064 | 3,190,251 | 5,478,422 |
| cash and cash equivalents | ||||||||||||||
| cash | -250 | 554 | -317,001 | -601,078 | 202,651 | 29,645 | 71,895 | -1,816,104 | 263,973 | 1,448,084 | -173,583 | 37,113 | -795,362 | 1,651,263 |
| overdraft | -276,700 | -28,218 | 424,242 | 0 | 0 | 0 | 0 | 0 | -3,824,840 | 3,824,840 | 0 | 0 | 0 | 0 |
| change in cash | 276,450 | 28,772 | -741,243 | -601,078 | 202,651 | 29,645 | 71,895 | -1,816,104 | 4,088,813 | -2,376,756 | -173,583 | 37,113 | -795,362 | 1,651,263 |
busaba eathai limited Credit Report and Business Information
Busaba Eathai Limited Competitor Analysis
Perform a competitor analysis for busaba eathai limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other large companies, companies in WC1N area or any other competitors across 12 key performance metrics.
busaba eathai limited Ownership
BUSABA EATHAI LIMITED group structure
Busaba Eathai Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
BUSABA EATHAI LIMITED
04956194
2 subsidiaries
busaba eathai limited directors
Busaba Eathai Limited currently has 1 director, Mr Winston Matthews serving since Jan 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Winston Matthews | United Kingdom | 59 years | Jan 2024 | - | Director |
P&L
September 2023turnover
21.1m
0%
operating profit
56.4k
-104%
gross margin
40.1%
+0.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
-26.1m
+0.07%
total assets
5.3m
-0.11%
cash
1.8k
-0.12%
net assets
Total assets minus all liabilities
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busaba eathai limited company details
company number
04956194
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
November 2003
age
22
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
amerin limited (September 2006)
accountant
-
auditor
WMT
address
27 old gloucester street, london, WC1N 3AX
Bank
BANK OF SCOTLAND
Legal Advisor
-
busaba eathai 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 18 charges/mortgages relating to busaba eathai limited. Currently there are 4 open charges and 14 have been satisfied in the past.
busaba eathai 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.
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busaba eathai limited Companies House Filings - See Documents
| date | description | view/download |
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