Odd Bar Ltd

POWER SEARCH PRICING

SOLUTIONS

odd bar ltd Company Information

Company Number

05225609

Next Accounts

Feb 2025

Directors

Cleo Farman

Shareholders

oddworld ltd

Group Structure

View All

Industry

Public houses and bars

Registered Address

duff & phelps 58 spring gardens, the chancery, manchester, M2 1EW

Website

oddbar.co.uk

odd bar ltd Estimated Valuation

£2m

Pomanda estimates the enterprise value of ODD BAR LTD at £2m based on a Turnover of £3.3m and 0.61x industry multiple (adjusted for size and gross margin).

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Odd Bar Ltd is a dissolved company that was located in manchester, M2 1EW with a Companies House number of 05225609. It operated in the licenced restaurants sector, SIC Code 56101. Founded in September 2004, it's largest shareholder was oddworld ltd with a 100% stake. The last turnover for Odd Bar Ltd was estimated at £3.3m.

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Pomanda's financial health check has awarded Odd Bar Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

1 Regular

7 Weak

Size

annual sales of £3.3m, make it larger than the average company (£924.4k)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (4%)

EXPORT

Odd Bar Ltd's latest turnover from April 2016 is estimated at £3.3 million and the company has net assets of £221 thousand. According to their latest financial statements, we estimate that Odd Bar Ltd has 56 employees and maintains cash reserves of £12.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2016	Apr 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	3,338,511	5,798,462	4,901,634	4,931,542	3,150,133	3,969,422	3,129,206
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	1,906,750	3,320,134	2,834,542	2,938,053	1,862,669	2,240,484	1,805,414
Gross Profit	1,431,762	2,478,328	2,067,092	1,993,488	1,287,463	1,728,938	1,323,792
Admin Expenses	1,527,092	2,491,912	2,082,729	1,971,559	1,261,554	1,675,255	939,334
Operating Profit	-95,330	-13,584	-15,637	21,929	25,909	53,683	384,458
Interest Payable	0	0	1,901	4,388	2,486	379	379
Interest Receivable	94	174	260	502	558	471	266
Pre-Tax Profit	-95,236	-13,410	-17,278	18,043	23,981	53,775	384,344
Tax	0	0	0	-4,330	-6,235	-15,057	-107,616
Profit After Tax	-95,236	-13,410	-17,278	13,713	17,746	38,718	276,728
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	-95,236	-13,410	-17,278	13,713	17,746	38,718	276,728
Employee Costs	839,887	1,391,956	1,199,043	1,110,220	730,006	798,244	669,008
Number Of Employees	56	92	79	79	54	62	52
EBITDA*	-81,708	5,366	1,501	42,034	48,867	68,752	404,169

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2016	Apr 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	157,312	155,467	165,182	174,018	185,716	60,274	76,332
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	157,312	155,467	165,182	174,018	185,716	60,274	76,332
Stock & work in progress	14,013	17,565	14,537	13,815	8,379	5,533	5,634
Trade Debtors	240,982	370,879	310,163	322,744	200,857	254,276	215,017
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	219	0	0	0	0
Cash	12,761	24,883	44,563	59,592	141,156	82,195	106,234
misc current assets	0	0	0	0	0	0	0
total current assets	267,756	413,327	369,482	396,151	350,392	342,004	326,885
total assets	425,068	568,794	534,664	570,169	536,108	402,278	403,217
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	18,000	18,000	0	4,000
Trade Creditors	185,383	231,720	162,477	139,140	105,510	74,696	102,511
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0
total current liabilities	185,383	231,720	162,477	157,140	123,510	74,696	106,511
loans	0	0	0	40,500	58,500	0	7,667
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0
other liabilities	0	1,500	22,500	0	0	0	0
provisions	18,703	19,356	20,059	25,623	20,905	12,135	12,310
total long term liabilities	18,703	20,856	42,559	66,123	79,405	12,135	19,977
total liabilities	204,086	252,576	205,036	223,263	202,915	86,831	126,488
net assets	220,982	316,218	329,628	346,906	333,193	315,447	276,729
total shareholders funds	220,982	316,218	329,628	346,906	333,193	315,447	276,729

	Apr 2016	Apr 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-95,330	-13,584	-15,637	21,929	25,909	53,683	384,458
Depreciation	13,622	18,950	17,138	20,105	22,958	15,069	19,711
Amortisation	0	0	0	0	0	0	0
Tax	0	0	0	-4,330	-6,235	-15,057	-107,616
Stock	-3,552	3,028	722	5,436	2,846	-101	5,634
Debtors	-129,897	60,497	-12,362	121,887	-53,419	39,259	215,017
Creditors	-46,337	69,243	23,337	33,630	30,814	-27,815	102,511
Accruals and Deferred Income	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-653	-703	-5,564	4,718	8,770	-175	12,310
Cash flow from operations	4,751	10,381	30,914	-51,271	132,789	-13,453	190,723
Investing Activities
capital expenditure	-15,467	-9,235	-8,302	-8,407	-148,400	989	-96,043
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	-15,467	-9,235	-8,302	-8,407	-148,400	989	-96,043
Financing Activities
Bank loans	0	0	-18,000	0	18,000	-4,000	4,000
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	-40,500	-18,000	58,500	-7,667	7,667
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	-1,500	-21,000	22,500	0	0	0	0
share issue	0	0	0	0	0	0	1
interest	94	174	-1,641	-3,886	-1,928	92	-113
cash flow from financing	-1,406	-20,826	-37,641	-21,886	74,572	-11,575	11,555
cash and cash equivalents
cash	-12,122	-19,680	-15,029	-81,564	58,961	-24,039	106,234
overdraft	0	0	0	0	0	0	0
change in cash	-12,122	-19,680	-15,029	-81,564	58,961	-24,039	106,234

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 odd bar ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in M 2 area or any other competitors across 12 key performance metrics.

ODD BAR LTD group structure

Odd Bar Ltd has no subsidiary companies.

Ultimate parent company

ODDWORLD LIMITED

08844734

1 parent

ODD BAR LTD

05225609

ODD BAR LTD Shareholders

oddworld ltd

100%

Odd Bar Ltd currently has 1 director, Miss Cleo Farman serving since Sep 2004.

officer	country	age	start	end	role
Miss Cleo Farman	United Kingdom	54 years	Sep 2004	-	Director

P&L

April 2016

turnover

3.3m

-42%

operating profit

-95.3k

gross margin

42.9%

+0.34%

turnover

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

Balance Sheet

April 2016

net assets

221k

-0.3%

total assets

425.1k

-0.25%

cash

12.8k

-0.49%

net assets

Total assets minus all liabilities

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company number

05225609

Type

Private limited with Share Capital

industry

56302 - Public houses and bars

56101 - Licensed restaurants

incorporation date

September 2004

ultimate parent company

ODDWORLD LIMITED

previous names

N/A

address

duff & phelps 58 spring gardens, the chancery, manchester, M2 1EW

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 odd bar ltd.

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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odd bar ltd Company Information

odd bar ltd Estimated Valuation

odd bar ltd Estimated Valuation

odd bar ltd Estimated Valuation

Odd Bar Ltd Overview

Odd Bar Ltd Health Check

ODD BAR LTD financials

odd bar ltd Credit Report and Business Information

Odd Bar Ltd Competitor Analysis

odd bar ltd Ownership

odd bar ltd directors

odd bar ltd company details

odd bar ltd Charges & Mortgages

odd bar ltd Capital Raised & Share Issues BETA

odd bar ltd Companies House Filings - See Documents