On The Waterfront Limited

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on the waterfront limited Company Information

Live

EstablishedSmallRapid

Company Number

05909483

Website

www.leons-bistro.co.uk

Registered Address

on the water restaurant, marine parade west, lee on the solent, hampshire, PO13 9LW

Industry

Licensed restaurants

Telephone

02392554696

Next Accounts Due

June 2025

Group Structure

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Directors

Iain MacKinnon3 Years

Shareholders

on the water holdings ltd 100%

on the waterfront limited Estimated Valuation

£364k

Pomanda estimates the enterprise value of ON THE WATERFRONT LIMITED at £364k based on Net Assets of £1.1m and 0.32x industry multiple (adjusted for liquidity).

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On The Waterfront Limited is a live company located in lee on the solent, PO13 9LW with a Companies House number of 05909483. It operates in the licenced restaurants sector, SIC Code 56101. Founded in August 2006, it's largest shareholder is on the water holdings ltd with a 100% stake. On The Waterfront Limited is a established, small sized company, Pomanda has estimated its turnover at £682.6k with rapid growth in recent years.

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Pomanda's financial health check has awarded On The Waterfront Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £682.6k, make it smaller than the average company (£2.5m)

Growth

3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (6.1%)

EXPORT

On The Waterfront Limited's latest turnover from September 2023 is estimated at £682.6 thousand and the company has net assets of £1.1 million. According to their latest financial statements, On The Waterfront Limited has 28 employees and maintains cash reserves of £195.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	682,552	479,725	380,074	189,831	240,341	275,697	108,500	257,881	27,871	17,094	106,548	334,404	456,919	586,451	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	450,010	324,715	301,845	126,037	151,242	173,449	64,754	156,954	16,834	10,434	66,958	108,068	278,495	348,784	0
Gross Profit	232,542	155,010	78,229	63,794	89,099	102,248	43,746	100,927	11,038	6,659	39,589	226,336	178,424	237,667	0
Admin Expenses	179,064	531,509	535,405	445,091	65,446	43,765	-3,268	-416,593	-58,688	-11,346	-4,272	212,671	175,408	287,441	148,691
Operating Profit	53,478	-376,499	-457,176	-381,297	23,653	58,483	47,014	517,520	69,726	18,005	43,861	13,665	3,016	-49,774	-148,691
Interest Payable	0	0	0	0	0	0	0	22,803	46,971	23,255	9,620	12,375	0	0	0
Interest Receivable	6,478	1,728	106	82	277	233	39	22	51	24	35	0	125	64	28
Pre-Tax Profit	59,956	-374,771	-457,070	-381,215	23,930	58,716	47,053	494,739	22,806	-5,227	34,277	183	3,141	-49,710	-148,663
Tax	-14,989	0	0	0	-4,547	-11,156	-8,940	-98,948	-4,561	0	-7,884	0	-817	0	0
Profit After Tax	44,967	-374,771	-457,070	-381,215	19,383	47,560	38,113	395,791	18,245	-5,227	26,393	183	2,324	-49,710	-148,663
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	44,967	-374,771	-457,070	-381,215	19,383	47,560	38,113	395,791	18,245	-5,227	26,393	183	2,324	-49,710	-148,663
Employee Costs	535,257	456,474	424,290	154,132	163,018	174,167	33,276	82,671	16,443	15,730	30,990	138,495	116,188	154,129	0
Number Of Employees	28	25	25	9	9	10	2	5	1	1	2	7	8	11	0
EBITDA*	78,478	-376,499	-402,176	-367,179	51,682	86,512	69,491	543,128	93,064	41,343	67,311	37,144	31,495	-26,295	-148,691

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	1,138,502	1,109,494	863,169	807,870	799,505	795,174	799,185	750,969	654,517	635,042	652,821	671,271	689,750	708,229	725,036
Intangible Assets	0	0	0	0	0	0	0	0	5,000	10,000	15,000	25,000	25,000	30,000	35,000
Investments & Other	0	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	1,138,502	1,109,494	863,169	807,870	799,505	795,174	799,185	750,969	659,517	645,042	667,821	696,271	714,750	738,229	760,036
Stock & work in progress	3,183	4,683	8,591	15,712	15,250	14,890	14,459	12,750	11,200	6,400	10,860	10,500	8,445	7,232	6,856
Trade Debtors	16,978	6,841	7,741	1,426	0	0	0	14,034	0	0	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	195,529	63,594	90,031	121,672	43,212	30,658	31,521	0	17,855	2,416	7,115	6,980	35,404	14,512	11,166
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	215,690	75,118	106,363	138,810	58,462	45,548	45,980	26,784	29,055	8,816	17,975	17,480	43,849	21,744	18,022
total assets	1,354,192	1,184,612	969,532	946,680	857,967	840,722	845,165	777,753	688,572	653,858	685,796	713,751	758,599	759,973	778,058
Bank overdraft	0	0	0	0	0	0	0	0	24,826	45,906	0	295,994	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	183,176	217,761	613,425	129,625	71,392	71,027	80,904	27,831	1,200	1,200	82,746	13,568	434,277	563,013	528,584
Group/Directors Accounts	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	14,121	11,808	0	20,108	0	0	0
total current liabilities	183,176	217,761	613,425	129,625	71,392	71,027	80,904	27,831	40,147	58,914	82,746	329,670	434,277	563,013	528,584
loans	0	0	0	0	0	0	0	0	704,880	669,644	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	0	0	0	0	0	0	0
other liabilities	47,422	52,102	50,000	753,878	342,183	344,686	386,812	410,586	0	0	217,262	479,947	420,371	295,333	298,137
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	47,422	52,102	50,000	753,878	342,183	344,686	386,812	410,586	704,880	669,644	217,262	479,947	420,371	295,333	298,137
total liabilities	230,598	269,863	663,425	883,503	413,575	415,713	467,716	438,417	745,027	728,558	300,008	809,617	854,648	858,346	826,721
net assets	1,123,594	914,749	306,107	63,177	444,392	425,009	377,449	339,336	-56,455	-74,700	385,788	-95,866	-96,049	-98,373	-48,663
total shareholders funds	1,123,594	914,749	306,107	63,177	444,392	425,009	377,449	339,336	-56,455	-74,700	385,788	-95,866	-96,049	-98,373	-48,663

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	53,478	-376,499	-457,176	-381,297	23,653	58,483	47,014	517,520	69,726	18,005	43,861	13,665	3,016	-49,774	-148,691
Depreciation	25,000	0	55,000	14,118	28,029	28,029	22,477	20,608	18,338	18,338	18,450	18,479	23,479	18,479	0
Amortisation	0	0	0	0	0	0	0	5,000	5,000	5,000	5,000	5,000	5,000	5,000	0
Tax	-14,989	0	0	0	-4,547	-11,156	-8,940	-98,948	-4,561	0	-7,884	0	-817	0	0
Stock	-1,500	-3,908	-7,121	462	360	431	1,709	1,550	4,800	-4,460	360	2,055	1,213	376	6,856
Debtors	10,137	-900	6,315	1,426	0	0	-14,034	14,034	0	0	0	0	0	0	0
Creditors	-34,585	-395,664	483,800	58,233	365	-9,877	53,073	26,631	0	-81,546	69,178	-420,709	-128,736	34,429	528,584
Accruals and Deferred Income	0	0	0	0	0	0	0	-14,121	2,313	11,808	-20,108	20,108	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	20,267	-767,355	82,430	-310,834	47,140	65,048	125,949	441,106	86,016	-23,935	108,137	-365,512	-99,271	7,758	373,037
Investing Activities
capital expenditure	-54,008	-246,325	-110,299	-22,483	-32,360	-24,018	-70,693	-117,060	-37,813	-559	5,000	-5,000	-5,000	-1,672	-760,036
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-54,008	-246,325	-110,299	-22,483	-32,360	-24,018	-70,693	-117,060	-37,813	-559	5,000	-5,000	-5,000	-1,672	-760,036
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	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	-704,880	35,236	669,644	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-4,680	2,102	-703,878	411,695	-2,503	-42,126	-23,774	410,586	0	-217,262	-262,685	59,576	125,038	-2,804	298,137
share issue	163,878	983,413	700,000	0	0	0	0	0	0	-455,261	455,261	0	0	0	100,000
interest	6,478	1,728	106	82	277	233	39	-22,781	-46,920	-23,231	-9,585	-12,375	125	64	28
cash flow from financing	165,676	987,243	-3,772	411,777	-2,226	-41,893	-23,735	-317,075	-11,684	-26,110	182,991	47,201	125,163	-2,740	398,165
cash and cash equivalents
cash	131,935	-26,437	-31,641	78,460	12,554	-863	31,521	-17,855	15,439	-4,699	135	-28,424	20,892	3,346	11,166
overdraft	0	0	0	0	0	0	0	-24,826	-21,080	45,906	-295,994	295,994	0	0	0
change in cash	131,935	-26,437	-31,641	78,460	12,554	-863	31,521	6,971	36,519	-50,605	296,129	-324,418	20,892	3,346	11,166

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ON THE WATERFRONT LIMITED group structure

On The Waterfront Limited has no subsidiary companies.

Ultimate parent company

ON THE WATERFRONT LIMITED

05909483

ON THE WATERFRONT LIMITED Shareholders

on the water holdings ltd

100%

On The Waterfront Limited currently has 1 director, Mr Iain MacKinnon serving since Oct 2020.

officer	country	age	start	end	role
Mr Iain MacKinnon	England	67 years	Oct 2020	-	Director

P&L

September 2023

turnover

682.6k

+42%

operating profit

53.5k

gross margin

34.1%

+5.44%

turnover

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

Balance Sheet

September 2023

net assets

1.1m

+0.23%

total assets

1.4m

+0.14%

cash

195.5k

+2.07%

net assets

Total assets minus all liabilities

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company number

05909483

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

incorporation date

August 2006

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

last accounts submitted

September 2023

address

on the water restaurant, marine parade west, lee on the solent, hampshire, PO13 9LW

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 2 charges/mortgages relating to on the waterfront limited. Currently there are 2 open charges and 0 have been satisfied in the past.

on the waterfront limited Company Information

on the waterfront limited Estimated Valuation

on the waterfront limited Estimated Valuation

on the waterfront limited Estimated Valuation

On The Waterfront Limited Overview

On The Waterfront Limited Health Check

ON THE WATERFRONT LIMITED financials

on the waterfront limited Credit Report and Business Information

On The Waterfront Limited Competitor Analysis

on the waterfront limited Ownership

on the waterfront limited directors

on the waterfront limited company details

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on the waterfront limited Companies House Filings - See Documents