ping pong limited

4.5

ping pong limited Company Information

Share PING PONG LIMITED
Live (In Receivership)
MatureMidDeclining

Company Number

05126756

Registered Address

pearl assurance house, 319 ballards lane, london, N12 8LY

Industry

Licensed restaurants

 

Telephone

02074733546

Next Accounts Due

93 days late

Group Structure

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Directors

Timothy Thorpe11 Years

Artem Sagiryan10 Years

View All

Shareholders

dim sum holdings limited 100%

ping pong limited Estimated Valuation

£10.3m

Pomanda estimates the enterprise value of PING PONG LIMITED at £10.3m based on a Turnover of £12.2m and 0.85x industry multiple (adjusted for size and gross margin).

ping pong limited Estimated Valuation

£6.8m

Pomanda estimates the enterprise value of PING PONG LIMITED at £6.8m based on an EBITDA of £1m and a 6.55x industry multiple (adjusted for size and gross margin).

ping pong limited Estimated Valuation

£0

Pomanda estimates the enterprise value of PING PONG LIMITED at £0 based on Net Assets of £-9.6m and 3.96x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from March 2022 

Ping Pong Limited AI Business Plan

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Ping Pong Limited Overview

Ping Pong Limited is a live company located in london, N12 8LY with a Companies House number of 05126756. It operates in the licenced restaurants sector, SIC Code 56101. Founded in May 2004, it's largest shareholder is dim sum holdings limited with a 100% stake. Ping Pong Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.2m with declining growth in recent years.

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Ping Pong Limited Health Check

Pomanda's financial health check has awarded Ping Pong Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

7 Strong

positive_score

0 Regular

positive_score

4 Weak

size

Size

annual sales of £12.2m, make it larger than the average company (£870.2k)

£12.2m - Ping Pong Limited

£870.2k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a faster rate (-9.7%)

-8% - Ping Pong Limited

-9.7% - Industry AVG

production

Production

with a gross margin of 71.5%, this company has a lower cost of product (58.2%)

71.5% - Ping Pong Limited

58.2% - Industry AVG

profitability

Profitability

an operating margin of 5.7% make it more profitable than the average company (4%)

5.7% - Ping Pong Limited

4% - Industry AVG

employees

Employees

with 208 employees, this is above the industry average (29)

208 - Ping Pong Limited

29 - Industry AVG

paystructure

Pay Structure

on an average salary of £20.9k, the company has a higher pay structure (£17.2k)

£20.9k - Ping Pong Limited

£17.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £58.7k, this is more efficient (£37.7k)

£58.7k - Ping Pong Limited

£37.7k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Ping Pong Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 310 days, this is slower than average (67 days)

310 days - Ping Pong Limited

67 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 83 days, this is more than average (17 days)

83 days - Ping Pong Limited

17 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (16 weeks)

7 weeks - Ping Pong Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 260%, this is a higher level of debt than the average (87.2%)

260% - Ping Pong Limited

87.2% - Industry AVG

ping pong limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ping Pong Limited Competitor Analysis

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Perform a competitor analysis for ping pong limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

ping pong limited Ownership

PING PONG LIMITED group structure

Ping Pong Limited has no subsidiary companies.

Ultimate parent company

1 parent

PING PONG LIMITED

05126756

PING PONG LIMITED Shareholders

dim sum holdings limited 100%

ping pong limited directors

Ping Pong Limited currently has 3 directors. The longest serving directors include Mr Timothy Thorpe (Sep 2012) and Mr Artem Sagiryan (Nov 2013).

officercountryagestartendrole
Mr Timothy Thorpe53 years Sep 2012- Director
Mr Artem Sagiryan43 years Nov 2013- Director
Mr James HorlerEngland59 years Sep 2015- Director

PING PONG LIMITED financials

EXPORTms excel logo

Ping Pong Limited's latest turnover from March 2022 is £12.2 million and the company has net assets of -£9.6 million. According to their latest financial statements, Ping Pong Limited has 208 employees and maintains cash reserves of £804.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2022Mar 2021Mar 2020Mar 2019Apr 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover12,204,1003,983,64613,755,46815,444,37716,826,99016,834,30815,301,00415,244,43013,924,81014,419,41815,608,84915,535,38915,150,018
Other Income Or Grants0000000000000
Cost Of Sales3,474,4541,191,3913,784,1844,483,1124,901,1995,042,4604,548,6494,583,0774,374,0314,249,7903,955,4633,888,8233,450,660
Gross Profit8,729,6462,792,2559,971,28410,961,26511,925,79111,791,84810,752,35510,661,3539,550,77910,169,62811,653,38611,646,56611,699,358
Admin Expenses8,037,7124,546,75411,292,40413,420,17712,887,29612,327,15810,964,39610,394,36610,173,20410,296,62512,852,83412,046,51811,313,010
Operating Profit691,934-1,754,499-1,321,120-2,458,912-961,505-535,310-212,041266,987-622,425-126,997-1,199,448-399,952386,348
Interest Payable357,794103,89182,63393,223140,150142,290230,366224,848190,469175,728219,502170,57973,067
Interest Receivable0000000007,120162419
Pre-Tax Profit334,140-1,858,390-1,403,753-2,557,970-755,025-711,390-545,24018,907-1,487,000-295,606-1,814,959-809,0981,233,483
Tax000000-125,16892,124158,27855,725248,589100,452-454,500
Profit After Tax334,140-1,858,390-1,403,753-2,557,970-755,025-711,390-670,408111,031-1,328,722-239,881-1,566,370-708,646778,983
Dividends Paid0000000000000
Retained Profit334,140-1,858,390-1,403,753-2,557,970-755,025-711,390-670,408111,031-1,328,722-239,881-1,566,370-708,646778,983
Employee Costs4,352,2513,783,1795,557,6335,868,6055,975,1666,022,5535,360,0695,257,5935,177,8665,422,7365,962,6645,961,0255,762,382
Number Of Employees208177266294308360344339347377417423430
EBITDA*1,039,505-1,287,864-122,039-108,138899,090866,810758,3171,145,505134,860719,4791,424,603593,0661,375,901

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2022Mar 2021Mar 2020Mar 2019Apr 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets2,503,6412,224,6022,761,0944,410,9427,006,8899,230,2788,826,3517,995,6377,862,4409,210,41011,790,49714,340,12714,717,724
Intangible Assets0000000000000
Investments & Other0000000000000
Debtors (Due After 1 year)551,759298,8661,072,492695,4021,150,5531,357,9601,789,9872,048,9861,859,0962,478,9293,406,9833,783,0000
Total Fixed Assets3,055,4002,523,4683,833,5864,410,9427,006,8899,230,2788,826,3517,995,6377,862,4409,210,41011,790,49714,340,12714,717,724
Stock & work in progress793,042481,825601,164666,765844,717875,490968,601988,1551,381,0581,135,6021,072,0461,010,028784,378
Trade Debtors0000000000000
Group Debtors0000000000002,350,761
Misc Debtors1,333,225815,523329,9041,531,1431,412,0931,448,5281,154,439510,284481,729450,309561,915593,0551,529,011
Cash804,274251,263220,025543,863263,805222,430192,212901,928218,012304,095548,831399,055710,091
misc current assets0000000286,874984,03600420,5000
total current assets2,930,5411,548,6111,151,0932,741,7712,520,6152,546,4482,315,2522,687,2413,064,8351,890,0062,182,7922,422,6385,374,241
total assets5,985,9414,072,0794,984,6797,152,7139,527,50411,776,72611,141,60310,682,87810,927,27511,100,41613,973,28916,762,76520,091,965
Bank overdraft000261,359523,875902,732485,529262,728262,7280300,000300,0000
Bank loan0000000000000
Trade Creditors 2,958,4462,079,606675,0083,558,278809,4431,845,8901,413,329653,978977,342615,9561,215,7161,391,555790,125
Group/Directors Accounts00739,2320000000000
other short term finances0000000000000
hp & lease commitments0000000000003,153
other current liabilities2,688,2492,158,2281,641,11602,041,7811,596,7991,550,0841,579,4411,348,7771,113,6661,976,7051,912,2521,944,752
total current liabilities5,646,6954,237,8343,055,3563,819,6373,375,0994,345,4213,448,9422,496,1472,588,8471,729,6223,492,4213,603,8072,738,030
loans9,918,3639,747,5022,889,3482,889,3483,412,0664,459,8163,559,7483,207,0726,621,8765,778,6964,518,2846,244,5466,478,480
hp & lease commitments0000000000000
Accruals and Deferred Income0000000000000
other liabilities0000000000003,268,912
provisions000000000250,468361,918859,0961,060,000
total long term liabilities9,918,3639,747,5022,889,3482,889,3483,150,7073,674,5823,224,5483,048,2103,310,9383,014,5823,884,7754,996,4958,482,826
total liabilities15,565,05813,985,3365,944,7046,708,9856,525,8068,020,0036,673,4905,544,3575,899,7854,744,2047,377,1968,600,30211,220,856
net assets-9,579,117-9,913,257-960,025443,7283,001,6983,756,7234,468,1135,138,5215,027,4906,356,2126,596,0938,162,4638,871,109
total shareholders funds-9,579,117-9,913,257-960,025443,7283,001,6983,756,7234,468,1135,138,5215,027,4906,356,2126,596,0938,162,4638,871,109
Mar 2022Mar 2021Mar 2020Mar 2019Apr 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit691,934-1,754,499-1,321,120-2,458,912-961,505-535,310-212,041266,987-622,425-126,997-1,199,448-399,952386,348
Depreciation347,571466,6351,199,0812,350,7741,860,5951,402,120970,358878,518757,285846,4762,624,051962,638962,638
Amortisation0000000000030,38026,915
Tax000000-125,16892,124158,27855,725248,589100,452-454,500
Stock311,217-119,339-65,601-177,952-30,773-93,111-19,554-392,903245,45663,55662,018225,650784,378
Debtors770,595-288,007-824,149-336,101-243,842-137,938385,156218,445-588,413-1,039,660-407,157496,2833,879,772
Creditors878,8401,404,598-2,883,2702,748,835-1,036,447432,561759,351-323,364361,386-599,760-175,839601,430790,125
Accruals and Deferred Income530,021517,1121,641,116-2,041,781444,98246,715-29,357230,664235,111-863,03964,453-32,5001,944,752
Deferred Taxes & Provisions00000000-250,468-111,450-497,178-200,9041,060,000
Cash flow from operations1,366,5541,041,192-474,4431,112,969582,2401,577,135997,5411,319,387982,124177,0591,409,767339,61152,128
Investing Activities
capital expenditure000245,173362,794-1,806,047-1,801,072-1,011,715590,6851,733,611-74,421-615,421-15,707,277
Change in Investments0000000000000
cash flow from investments000245,173362,794-1,806,047-1,801,072-1,011,715590,6851,733,611-74,421-615,421-15,707,277
Financing Activities
Bank loans0000000000000
Group/Directors Accounts0-739,232739,2320000000000
Other Short Term Loans 0000000000000
Long term loans170,8616,858,1540-522,718-1,047,750900,068352,676-3,414,804843,1801,260,412-1,726,262-233,9346,478,480
Hire Purchase and Lease Commitments00000000000-3,1533,153
other long term liabilities00000000000-3,268,9123,268,912
share issue0-7,094,84200000000008,092,126
interest-357,794-103,891-82,633-93,223-140,150-142,290-230,366-224,848-190,469-168,608-219,486-170,555-73,048
cash flow from financing-186,933-1,079,811656,599-615,941-1,187,900757,778122,310-3,639,652652,7111,091,804-1,945,748-3,676,55417,769,623
cash and cash equivalents
cash553,01131,238-323,838280,05841,37530,218-709,716683,916-86,083-244,736149,776-311,036710,091
overdraft00-261,359-262,516-378,857417,203222,8010262,728-300,0000300,0000
change in cash553,01131,238-62,479542,574420,232-386,985-932,517683,916-348,81155,264149,776-611,036710,091

P&L

March 2022

turnover

12.2m

+206%

operating profit

691.9k

-139%

gross margin

71.6%

+2.05%

turnover

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

Balance Sheet

March 2022

net assets

-9.6m

-0.03%

total assets

6m

+0.47%

cash

804.3k

+2.2%

net assets

Total assets minus all liabilities

ping pong limited company details

company number

05126756

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

incorporation date

May 2004

age

20

accounts

Full Accounts

ultimate parent company

previous names

risen limited (December 2004)

incorporated

UK

address

pearl assurance house, 319 ballards lane, london, N12 8LY

last accounts submitted

March 2022

ping pong 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 33 charges/mortgages relating to ping pong limited. Currently there are 8 open charges and 25 have been satisfied in the past.

charges

ping pong limited Companies House Filings - See Documents

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