the bay horse (middridge) limited
the bay horse (middridge) limited Company Information
Company Number
05521470
Website
http://marstons.co.ukRegistered Address
the bay horse, 42 southside middridge, newton aycliffe, county durham, DL5 7JD
Industry
Public houses and bars
Licensed restaurants
Telephone
01325312653
Next Accounts Due
April 2025
Group Structure
View All
Shareholders
amanda richardson 50%
john burdiss 50%
the bay horse (middridge) limited Estimated Valuation
Pomanda estimates the enterprise value of THE BAY HORSE (MIDDRIDGE) LIMITED at £670.3k based on a Turnover of £1.1m and 0.62x industry multiple (adjusted for size and gross margin).
the bay horse (middridge) limited Estimated Valuation
Pomanda estimates the enterprise value of THE BAY HORSE (MIDDRIDGE) LIMITED at £356.5k based on an EBITDA of £76.8k and a 4.64x industry multiple (adjusted for size and gross margin).
the bay horse (middridge) limited Estimated Valuation
Pomanda estimates the enterprise value of THE BAY HORSE (MIDDRIDGE) LIMITED at £459.6k based on Net Assets of £187.7k and 2.45x industry multiple (adjusted for liquidity).
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The Bay Horse (middridge) Limited Overview
The Bay Horse (middridge) Limited is a live company located in newton aycliffe, DL5 7JD with a Companies House number of 05521470. It operates in the licenced restaurants sector, SIC Code 56101. Founded in July 2005, it's largest shareholder is amanda richardson with a 50% stake. The Bay Horse (middridge) Limited is a established, small sized company, Pomanda has estimated its turnover at £1.1m with healthy growth in recent years.
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The Bay Horse (middridge) Limited Health Check
Pomanda's financial health check has awarded The Bay Horse (Middridge) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
2 Weak
Size
annual sales of £1.1m, make it in line with the average company (£1.2m)
- The Bay Horse (middridge) Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (5.2%)
- The Bay Horse (middridge) Limited
5.2% - Industry AVG
Production
with a gross margin of 55.7%, this company has a comparable cost of product (55.7%)
- The Bay Horse (middridge) Limited
55.7% - Industry AVG
Profitability
an operating margin of 6.2% make it more profitable than the average company (4%)
- The Bay Horse (middridge) Limited
4% - Industry AVG
Employees
with 30 employees, this is similar to the industry average (25)
30 - The Bay Horse (middridge) Limited
25 - Industry AVG
Pay Structure
on an average salary of £17.1k, the company has an equivalent pay structure (£17.1k)
- The Bay Horse (middridge) Limited
£17.1k - Industry AVG
Efficiency
resulting in sales per employee of £35.9k, this is less efficient (£49.3k)
- The Bay Horse (middridge) Limited
£49.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- The Bay Horse (middridge) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (49 days)
- The Bay Horse (middridge) Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (14 days)
- The Bay Horse (middridge) Limited
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 89 weeks, this is more cash available to meet short term requirements (12 weeks)
89 weeks - The Bay Horse (middridge) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.5%, this is a lower level of debt than the average (86.5%)
44.5% - The Bay Horse (middridge) Limited
86.5% - Industry AVG
THE BAY HORSE (MIDDRIDGE) LIMITED financials
The Bay Horse (Middridge) Limited's latest turnover from July 2023 is estimated at £1.1 million and the company has net assets of £187.7 thousand. According to their latest financial statements, The Bay Horse (Middridge) Limited has 30 employees and maintains cash reserves of £260.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 30 | 31 | 31 | 31 | 35 | 28 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 39,799 | 40,595 | 48,618 | 49,561 | 41,399 | 54,024 | 31,672 | 12,962 | 16,279 | 21,177 | 21,638 | 35,883 | 51,086 | 68,892 | 67,747 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,205 | 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 | 41,004 | 40,595 | 48,618 | 49,561 | 41,399 | 54,024 | 31,672 | 12,962 | 16,279 | 21,177 | 21,638 | 35,883 | 51,086 | 68,892 | 67,747 |
| Stock & work in progress | 8,298 | 7,146 | 6,743 | 13,000 | 11,248 | 7,340 | 6,819 | 6,677 | 12,015 | 8,779 | 8,075 | 4,290 | 7,606 | 8,673 | 5,010 |
| Trade Debtors | 0 | 0 | 36,150 | 13,162 | 15,250 | 7,952 | 7,330 | 7,000 | 7,000 | 32,815 | 38,391 | 40,225 | 7,000 | 7,000 | 7,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 28,685 | 20,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 260,061 | 306,803 | 303,125 | 325,926 | 294,396 | 284,696 | 370,908 | 312,670 | 301,369 | 260,357 | 233,104 | 231,983 | 281,358 | 242,083 | 167,745 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 100,000 | 0 | 330 | 330 | 76,555 | 75,059 | 73,594 | 76,119 | 82,356 | 80,212 |
| total current assets | 297,044 | 334,699 | 346,018 | 352,088 | 420,894 | 399,988 | 385,057 | 326,677 | 320,714 | 378,506 | 354,629 | 350,092 | 372,083 | 340,112 | 259,967 |
| total assets | 338,048 | 375,294 | 394,636 | 401,649 | 462,293 | 454,012 | 416,729 | 339,639 | 336,993 | 399,683 | 376,267 | 385,975 | 423,169 | 409,004 | 327,714 |
| Bank overdraft | 29,932 | 41,923 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 18,100 | 52,518 | 145,590 | 122,195 | 178,009 | 168,318 | 179,808 | 155,596 | 118,031 | 149,115 | 125,289 | 156,750 | 157,281 | 141,171 | 88,231 |
| Group/Directors Accounts | 789 | 50,020 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 7,023 | 11,279 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 94,463 | 89,633 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 150,307 | 245,373 | 145,590 | 122,195 | 178,009 | 168,318 | 179,808 | 155,596 | 118,031 | 149,115 | 125,289 | 156,750 | 157,281 | 141,171 | 88,231 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,246 | 0 | 2,532 | 2,700 | 3,247 | 1,336 | 1,838 |
| other liabilities | 0 | 0 | 64,749 | 55,250 | 7,054 | 17,172 | 12,689 | 0 | 0 | 4,169 | 0 | 0 | 4,037 | 8,075 | 3,102 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 64,749 | 55,250 | 7,054 | 17,172 | 12,689 | 0 | 1,246 | 4,169 | 2,532 | 2,700 | 7,284 | 9,411 | 4,940 |
| total liabilities | 150,307 | 245,373 | 210,339 | 177,445 | 185,063 | 185,490 | 192,497 | 155,596 | 119,277 | 153,284 | 127,821 | 159,450 | 164,565 | 150,582 | 93,171 |
| net assets | 187,741 | 129,921 | 184,297 | 224,204 | 277,230 | 268,522 | 224,232 | 184,043 | 217,716 | 246,399 | 248,446 | 226,525 | 258,604 | 258,422 | 234,543 |
| total shareholders funds | 187,741 | 129,921 | 184,297 | 224,204 | 277,230 | 268,522 | 224,232 | 184,043 | 217,716 | 246,399 | 248,446 | 226,525 | 258,604 | 258,422 | 234,543 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 9,948 | 17,909 | 14,956 | 16,216 | 14,442 | 10,687 | 7,968 | 4,697 | 9,446 | 13,973 | 16,894 | 16,913 | 22,134 | 28,335 | 22,405 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||||
| Stock | 1,152 | 403 | -6,257 | 1,752 | 3,908 | 521 | 142 | -5,338 | 3,236 | 704 | 3,785 | -3,316 | -1,067 | 3,663 | 5,010 |
| Debtors | 7,935 | -15,400 | 22,988 | -2,088 | 7,298 | 622 | 330 | 0 | -25,815 | -5,576 | -1,834 | 33,225 | 0 | 0 | 7,000 |
| Creditors | -34,418 | -93,072 | 23,395 | -55,814 | 9,691 | -11,490 | 24,212 | 37,565 | -31,084 | 23,826 | -31,461 | -531 | 16,110 | 52,940 | 88,231 |
| Accruals and Deferred Income | 4,830 | 89,633 | 0 | 0 | 0 | 0 | 0 | -1,246 | 1,246 | -2,532 | -168 | -547 | 1,911 | -502 | 1,838 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 1,205 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -49,231 | 50,020 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -4,256 | 11,279 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -64,749 | 9,499 | 48,196 | -10,118 | 4,483 | 12,689 | 0 | -4,169 | 4,169 | 0 | -4,037 | -4,038 | 4,973 | 3,102 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -46,742 | 3,678 | -22,801 | 31,530 | 9,700 | -86,212 | 58,238 | 11,301 | 41,012 | 27,253 | 1,121 | -49,375 | 39,275 | 74,338 | 167,745 |
| overdraft | -11,991 | 41,923 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -34,751 | -38,245 | -22,801 | 31,530 | 9,700 | -86,212 | 58,238 | 11,301 | 41,012 | 27,253 | 1,121 | -49,375 | 39,275 | 74,338 | 167,745 |
the bay horse (middridge) limited Credit Report and Business Information
The Bay Horse (middridge) Limited Competitor Analysis
Perform a competitor analysis for the bay horse (middridge) limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in DL5 area or any other competitors across 12 key performance metrics.
the bay horse (middridge) limited Ownership
THE BAY HORSE (MIDDRIDGE) LIMITED group structure
The Bay Horse (Middridge) Limited has no subsidiary companies.
Ultimate parent company
THE BAY HORSE (MIDDRIDGE) LIMITED
05521470
the bay horse (middridge) limited directors
The Bay Horse (Middridge) Limited currently has 2 directors. The longest serving directors include Mr John Burdiss (Jul 2005) and Miss Amanda Richardson (Jul 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Burdiss | 64 years | Jul 2005 | - | Director | |
| Miss Amanda Richardson | United Kingdom | 60 years | Jul 2005 | - | Director |
P&L
July 2023turnover
1.1m
+974%
operating profit
66.9k
0%
gross margin
55.8%
-2.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
187.7k
+0.45%
total assets
338k
-0.1%
cash
260.1k
-0.15%
net assets
Total assets minus all liabilities
the bay horse (middridge) limited company details
company number
05521470
Type
Private limited with Share Capital
industry
56302 - Public houses and bars
56101 - Licensed restaurants
incorporation date
July 2005
age
19
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
July 2023
address
the bay horse, 42 southside middridge, newton aycliffe, county durham, DL5 7JD
accountant
HENNIKER & CO LTD
auditor
-
the bay horse (middridge) 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 did not find charges/mortgages relating to the bay horse (middridge) limited.
the bay horse (middridge) limited Companies House Filings - See Documents
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