tasty plc
tasty plc Company Information
Company Number
05826464
Next Accounts
Jun 2025
Shareholders
undisclosed
sam kaye
View AllGroup Structure
View All
Industry
Licensed restaurants
Registered Address
32 charlotte street, london, W1T 2NQ
Website
https://www.dimt.co.uktasty plc Estimated Valuation
Pomanda estimates the enterprise value of TASTY PLC at £37.4m based on a Turnover of £46.9m and 0.8x industry multiple (adjusted for size and gross margin).
tasty plc Estimated Valuation
Pomanda estimates the enterprise value of TASTY PLC at £0 based on an EBITDA of £-8.2m and a 5.15x industry multiple (adjusted for size and gross margin).
tasty plc Estimated Valuation
Pomanda estimates the enterprise value of TASTY PLC at £0 based on Net Assets of £-16.5m and 2.5x industry multiple (adjusted for liquidity).
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Tasty Plc Overview
Tasty Plc is a live company located in london, W1T 2NQ with a Companies House number of 05826464. It operates in the licenced restaurants sector, SIC Code 56101. Founded in May 2006, it's largest shareholder is undisclosed with a 86.3% stake. Tasty Plc is a established, large sized company, Pomanda has estimated its turnover at £46.9m with high growth in recent years.
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Tasty Plc Health Check
Pomanda's financial health check has awarded Tasty Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £46.9m, make it larger than the average company (£3.5m)
£46.9m - Tasty Plc
£3.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (12.8%)
25% - Tasty Plc
12.8% - Industry AVG
Production
with a gross margin of 4.6%, this company has a higher cost of product (58.5%)
4.6% - Tasty Plc
58.5% - Industry AVG
Profitability
an operating margin of -26.2% make it less profitable than the average company (2.5%)
-26.2% - Tasty Plc
2.5% - Industry AVG
Employees
with 1035 employees, this is above the industry average (62)
1035 - Tasty Plc
62 - Industry AVG
Pay Structure
on an average salary of £19.6k, the company has an equivalent pay structure (£20.5k)
£19.6k - Tasty Plc
£20.5k - Industry AVG
Efficiency
resulting in sales per employee of £45.3k, this is less efficient (£57.2k)
£45.3k - Tasty Plc
£57.2k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (5 days)
1 days - Tasty Plc
5 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is quicker than average (47 days)
35 days - Tasty Plc
47 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is more than average (11 days)
15 days - Tasty Plc
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is more cash available to meet short term requirements (12 weeks)
17 weeks - Tasty Plc
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 138%, this is a higher level of debt than the average (82.9%)
138% - Tasty Plc
82.9% - Industry AVG
TASTY PLC financials
Tasty Plc's latest turnover from December 2023 is £46.9 million and the company has net assets of -£16.5 million. According to their latest financial statements, Tasty Plc has 1,035 employees and maintains cash reserves of £4.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jan 2012 | Jan 2011 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 46,910,000 | 44,027,000 | 34,909,000 | 24,228,000 | 44,573,000 | 47,278,000 | 50,309,000 | 45,847,000 | 35,794,000 | 29,734,000 | 23,192,000 | 19,315,000 | 14,565,000 | 10,560,000 | 9,185,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 44,754,000 | 44,123,000 | 33,567,000 | 30,330,000 | 43,921,000 | 46,370,000 | 48,402,000 | 40,570,000 | 31,594,000 | 26,207,000 | 20,386,000 | 17,221,000 | 12,836,000 | 9,456,000 | 8,781,000 |
| Gross Profit | 2,156,000 | -96,000 | 1,342,000 | -6,102,000 | 652,000 | 908,000 | 1,907,000 | 5,277,000 | 4,200,000 | 3,527,000 | 2,806,000 | 2,094,000 | 1,729,000 | 1,104,000 | 404,000 |
| Admin Expenses | 14,466,000 | 3,956,000 | -2,306,000 | 3,915,000 | 704,000 | 12,473,000 | 11,535,000 | 5,152,000 | 1,026,000 | 901,000 | 944,000 | 480,000 | 675,000 | 870,000 | 2,505,000 |
| Operating Profit | -12,310,000 | -4,052,000 | 3,648,000 | -10,017,000 | -52,000 | -11,565,000 | -9,628,000 | 125,000 | 3,174,000 | 2,626,000 | 1,862,000 | 1,614,000 | 1,054,000 | 234,000 | -2,101,000 |
| Interest Payable | 2,303,000 | 2,421,000 | 2,497,000 | 2,548,000 | 222,000 | 252,000 | 203,000 | 214,000 | 116,000 | 83,000 | 134,000 | 68,000 | |||
| Interest Receivable | 140,000 | 41,000 | 4,000 | 8,000 | 1,000 | 1,000 | 9,000 | 9,000 | 14,000 | 6,000 | 12,000 | 10,000 | 21,000 | ||
| Pre-Tax Profit | -14,473,000 | -6,432,000 | 1,151,000 | -12,561,000 | -266,000 | -11,817,000 | -9,470,000 | -88,000 | 3,067,000 | 2,552,000 | 1,742,000 | 1,552,000 | 1,066,000 | 244,000 | -2,080,000 |
| Tax | -105,000 | 204,000 | 1,195,000 | -760,000 | -600,000 | -500,000 | -300,000 | -275,000 | 210,000 | 6,000 | |||||
| Profit After Tax | -14,473,000 | -6,432,000 | 1,151,000 | -12,666,000 | -266,000 | -11,613,000 | -8,275,000 | -848,000 | 2,467,000 | 2,052,000 | 1,442,000 | 1,277,000 | 1,276,000 | 244,000 | -2,074,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -14,473,000 | -6,432,000 | 1,151,000 | -12,666,000 | -266,000 | -11,613,000 | -8,275,000 | -848,000 | 2,467,000 | 2,052,000 | 1,442,000 | 1,277,000 | 1,276,000 | 244,000 | -2,074,000 |
| Employee Costs | 20,286,000 | 19,298,000 | 15,377,000 | 14,885,000 | 18,235,000 | 19,167,000 | 20,617,000 | 18,218,000 | 13,863,000 | 10,795,000 | 8,310,000 | 7,010,000 | 5,155,000 | 3,943,000 | 3,626,000 |
| Number Of Employees | 1,035 | 1,020 | 821 | 810 | 1,028 | 1,049 | 1,184 | 499 | 404 | 642 | 506 | 453 | 325 | 258 | 249 |
| EBITDA* | -8,194,000 | 256,000 | 8,124,000 | -4,754,000 | 1,455,000 | -9,704,000 | -7,482,000 | 1,837,000 | 5,219,000 | 3,938,000 | 2,971,000 | 2,146,000 | 1,638,000 | 672,000 | -1,625,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jan 2012 | Jan 2011 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,419,000 | 17,887,000 | 54,136,000 | 55,641,000 | 15,340,000 | 17,344,000 | 30,037,000 | 36,340,000 | 30,580,000 | 22,463,000 | 17,660,000 | 14,209,000 | 10,839,000 | 8,587,000 | 6,890,000 |
| Intangible Assets | 23,320,000 | 32,538,000 | 28,000 | 26,000 | 352,000 | 352,000 | 470,000 | 473,000 | 470,000 | 444,000 | 446,000 | 448,000 | 450,000 | 61,000 | 13,000 |
| Investments & Other | 106,000 | 128,000 | 893,000 | 731,000 | |||||||||||
| Debtors (Due After 1 year) | 65,000 | 65,000 | 105,000 | 129,000 | 279,000 | 148,000 | 341,000 | 381,000 | 486,000 | 451,000 | 292,000 | 241,000 | |||
| Total Fixed Assets | 35,739,000 | 50,425,000 | 54,164,000 | 55,538,000 | 15,692,000 | 17,696,000 | 30,507,000 | 36,813,000 | 31,050,000 | 22,907,000 | 18,106,000 | 14,657,000 | 11,289,000 | 8,648,000 | 6,903,000 |
| Stock & work in progress | 1,921,000 | 2,191,000 | 2,103,000 | 1,822,000 | 2,650,000 | 2,548,000 | 2,655,000 | 2,465,000 | 1,812,000 | 1,051,000 | 811,000 | 689,000 | 499,000 | 438,000 | 350,000 |
| Trade Debtors | 149,000 | 121,000 | 211,000 | 245,000 | 267,000 | 240,000 | 141,000 | 350,000 | 179,000 | 353,000 | 170,000 | 226,000 | 86,000 | 569,000 | 537,000 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 1,457,000 | 1,577,000 | 1,144,000 | 1,247,000 | 2,881,000 | 3,298,000 | 6,116,000 | 4,040,000 | 2,350,000 | 1,448,000 | 1,180,000 | 881,000 | 625,000 | ||
| Cash | 4,177,000 | 7,002,000 | 11,005,000 | 8,028,000 | 4,570,000 | 4,312,000 | 1,843,000 | 5,004,000 | 2,221,000 | 2,044,000 | 3,407,000 | 1,611,000 | 2,008,000 | 2,919,000 | 1,850,000 |
| misc current assets | 80,000 | 850,000 | 592,000 | 143,000 | 124,000 | 140,000 | 152,000 | 152,000 | 87,000 | 67,000 | 40,000 | 36,000 | |||
| total current assets | 7,704,000 | 10,891,000 | 14,463,000 | 11,422,000 | 11,218,000 | 10,990,000 | 10,898,000 | 11,983,000 | 6,702,000 | 5,048,000 | 5,720,000 | 3,494,000 | 3,285,000 | 3,966,000 | 2,773,000 |
| total assets | 43,443,000 | 61,316,000 | 68,627,000 | 66,960,000 | 26,910,000 | 28,686,000 | 41,405,000 | 48,796,000 | 37,752,000 | 27,955,000 | 23,826,000 | 18,151,000 | 14,574,000 | 12,614,000 | 9,676,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | 313,000 | 800,000 | 2,867,000 | 583,000 | 750,000 | 500,000 | 250,000 | 1,000,000 | |||||||
| Trade Creditors | 4,359,000 | 5,142,000 | 3,952,000 | 3,865,000 | 7,834,000 | 7,045,000 | 4,666,000 | 5,376,000 | 3,309,000 | 3,422,000 | 2,178,000 | 2,017,000 | 1,173,000 | 1,299,000 | 836,000 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 2,186,000 | 1,953,000 | 2,024,000 | 2,904,000 | |||||||||||
| other current liabilities | 6,215,000 | 7,444,000 | 6,541,000 | 6,961,000 | 4,536,000 | 4,194,000 | 4,767,000 | 3,114,000 | 2,831,000 | 2,506,000 | 2,117,000 | 1,408,000 | 1,153,000 | ||
| total current liabilities | 12,760,000 | 14,539,000 | 12,830,000 | 13,730,000 | 8,634,000 | 9,912,000 | 9,785,000 | 9,570,000 | 8,826,000 | 7,036,000 | 5,259,000 | 5,523,000 | 3,290,000 | 2,707,000 | 1,989,000 |
| loans | 93,490,000 | 96,716,000 | 101,251,000 | 104,438,000 | 4,158,000 | 9,632,000 | 15,300,000 | 16,118,000 | 11,430,000 | 1,234,000 | 1,884,000 | 412,000 | |||
| hp & lease commitments | 46,745,000 | 48,358,000 | 50,157,000 | 52,219,000 | 1,227,000 | 1,266,000 | 1,233,000 | 1,059,000 | 715,000 | 367,000 | 192,000 | 206,000 | |||
| Accruals and Deferred Income | 200,000 | 213,000 | 227,000 | ||||||||||||
| other liabilities | 106,000 | 128,000 | 80,000 | 80,000 | 128,000 | 55,000 | |||||||||
| provisions | 684,000 | 678,000 | 594,000 | 670,000 | 5,566,000 | 6,694,000 | 3,824,000 | 2,002,000 | 1,854,000 | 1,340,000 | 360,000 | 150,000 | 170,000 | ||
| total long term liabilities | 47,193,000 | 48,825,000 | 51,471,000 | 52,634,000 | 4,990,000 | 8,218,000 | 9,562,000 | 9,060,000 | 6,642,000 | 1,287,000 | 1,122,000 | 281,000 | 285,000 | 213,000 | 227,000 |
| total liabilities | 59,953,000 | 63,364,000 | 64,301,000 | 66,364,000 | 13,624,000 | 18,130,000 | 19,347,000 | 18,630,000 | 15,468,000 | 8,323,000 | 6,381,000 | 5,804,000 | 3,575,000 | 2,920,000 | 2,216,000 |
| net assets | -16,510,000 | -2,048,000 | 4,326,000 | 596,000 | 13,286,000 | 10,556,000 | 22,058,000 | 30,166,000 | 22,284,000 | 19,632,000 | 17,445,000 | 12,347,000 | 10,999,000 | 9,694,000 | 7,460,000 |
| total shareholders funds | -16,510,000 | -2,048,000 | 4,326,000 | 596,000 | 13,286,000 | 10,556,000 | 22,058,000 | 30,166,000 | 22,284,000 | 19,632,000 | 17,445,000 | 12,347,000 | 10,999,000 | 9,694,000 | 7,460,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Jan 2012 | Jan 2011 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -12,310,000 | -4,052,000 | 3,648,000 | -10,017,000 | -52,000 | -11,565,000 | -9,628,000 | 125,000 | 3,174,000 | 2,626,000 | 1,862,000 | 1,614,000 | 1,054,000 | 234,000 | -2,101,000 |
| Depreciation | 1,589,000 | 1,664,000 | 4,473,000 | 4,934,000 | 1,507,000 | 1,861,000 | 2,146,000 | 1,710,000 | 2,043,000 | 1,310,000 | 1,107,000 | 530,000 | 582,000 | 435,000 | 474,000 |
| Amortisation | 2,527,000 | 2,644,000 | 3,000 | 329,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 3,000 | 2,000 | |||
| Tax | -105,000 | 204,000 | 1,195,000 | -760,000 | -600,000 | -500,000 | -300,000 | -275,000 | 210,000 | 6,000 | |||||
| Stock | -270,000 | 88,000 | 281,000 | -828,000 | 102,000 | -107,000 | 2,655,000 | 2,465,000 | 761,000 | 240,000 | 122,000 | 251,000 | 61,000 | 438,000 | 350,000 |
| Debtors | -92,000 | 303,000 | -161,000 | -1,527,000 | -390,000 | -2,719,000 | 6,257,000 | 4,669,000 | 535,000 | 411,000 | 138,000 | 732,000 | 301,000 | 861,000 | 778,000 |
| Creditors | -783,000 | 1,190,000 | 87,000 | -3,969,000 | 789,000 | 2,379,000 | 4,666,000 | 5,376,000 | -113,000 | 1,244,000 | 161,000 | 718,000 | -126,000 | 1,299,000 | 836,000 |
| Accruals and Deferred Income | -1,229,000 | 903,000 | -420,000 | 6,961,000 | -4,536,000 | 4,536,000 | 4,194,000 | 1,653,000 | 283,000 | 325,000 | 885,000 | 696,000 | 1,621,000 | 1,380,000 | |
| Deferred Taxes & Provisions | 6,000 | 84,000 | -76,000 | -4,896,000 | -1,128,000 | 2,870,000 | 3,824,000 | 2,002,000 | 514,000 | 980,000 | 210,000 | 150,000 | 170,000 | ||
| Cash flow from operations | -9,838,000 | 2,042,000 | 7,595,000 | -4,408,000 | 1,404,000 | -5,961,000 | -2,173,000 | 5,515,000 | 5,377,000 | 5,294,000 | 3,107,000 | 2,641,000 | 2,226,000 | 2,293,000 | -531,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -22,000 | 128,000 | -893,000 | -893,000 | 893,000 | 731,000 | |||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -313,000 | 313,000 | -800,000 | -2,067,000 | 2,284,000 | 583,000 | 250,000 | 250,000 | -750,000 | 1,000,000 | |||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -3,226,000 | -4,535,000 | -3,187,000 | 100,280,000 | -5,474,000 | -5,668,000 | 15,300,000 | 16,118,000 | 10,196,000 | -650,000 | 1,472,000 | 412,000 | |||
| Hire Purchase and Lease Commitments | -1,380,000 | -1,870,000 | -2,942,000 | 53,896,000 | -39,000 | 33,000 | 1,233,000 | 1,059,000 | 348,000 | 175,000 | -14,000 | 206,000 | |||
| other long term liabilities | -22,000 | 48,000 | -48,000 | 73,000 | 55,000 | ||||||||||
| share issue | |||||||||||||||
| interest | -2,163,000 | -2,380,000 | -2,497,000 | -2,544,000 | -214,000 | -252,000 | -202,000 | -213,000 | -107,000 | -74,000 | -120,000 | -62,000 | 12,000 | 10,000 | 21,000 |
| cash flow from financing | -6,780,000 | -8,992,000 | -5,734,000 | 150,760,000 | -4,725,000 | -3,437,000 | 47,247,000 | 47,978,000 | 10,872,000 | -164,000 | 4,244,000 | 2,932,000 | 41,000 | 9,460,000 | 9,555,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -2,825,000 | -4,003,000 | 2,977,000 | 3,458,000 | 258,000 | 2,469,000 | 1,843,000 | 5,004,000 | 177,000 | -1,363,000 | 1,796,000 | -1,308,000 | -911,000 | 2,919,000 | 1,850,000 |
| overdraft | |||||||||||||||
| change in cash | -2,825,000 | -4,003,000 | 2,977,000 | 3,458,000 | 258,000 | 2,469,000 | 1,843,000 | 5,004,000 | 177,000 | -1,363,000 | 1,796,000 | -1,308,000 | -911,000 | 2,919,000 | 1,850,000 |
tasty plc Credit Report and Business Information
Tasty Plc Competitor Analysis
Perform a competitor analysis for tasty plc by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other large companies, companies in W1T area or any other competitors across 12 key performance metrics.
tasty plc Ownership
TASTY PLC group structure
Tasty Plc has 3 subsidiary companies.
Ultimate parent company
TASTY PLC
05826464
3 subsidiaries
tasty plc directors
Tasty Plc currently has 3 directors. The longest serving directors include Mr Daniel Plant (May 2006) and Mr Keith Lassman (Jun 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Plant | England | 56 years | May 2006 | - | Director |
| Mr Keith Lassman | 66 years | Jun 2006 | - | Director | |
| Ms Wendy Dixon | 51 years | Jun 2022 | - | Director |
P&L
December 2023turnover
46.9m
+7%
operating profit
-12.3m
+204%
gross margin
4.6%
-2207.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-16.5m
+7.06%
total assets
43.4m
-0.29%
cash
4.2m
-0.4%
net assets
Total assets minus all liabilities
Similar Companies
tasty plc company details
company number
05826464
Type
Public limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
May 2006
age
19
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
dim tea plc (June 2006)
accountant
-
auditor
HAYSMACINTYRE LLP
address
32 charlotte street, london, W1T 2NQ
Bank
BARCLAYS BANK PLC
Legal Advisor
HOWARD KENNEDY LLP SETFORDS
tasty plc 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 12 charges/mortgages relating to tasty plc. Currently there are 2 open charges and 10 have been satisfied in the past.
tasty plc 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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tasty plc Companies House Filings - See Documents
| date | description | view/download |
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