park cakes acquisition limited
park cakes acquisition limited Company Information
Company Number
05998322
Website
www.parkcake.comRegistered Address
ashton road, oldham, lancashire, OL8 2ND
Industry
Other manufacturing n.e.c.
Telephone
01616331181
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
park cakes holdings limited 100%
park cakes acquisition limited Estimated Valuation
Pomanda estimates the enterprise value of PARK CAKES ACQUISITION LIMITED at £19.6k based on a Turnover of £29k and 0.68x industry multiple (adjusted for size and gross margin).
park cakes acquisition limited Estimated Valuation
Pomanda estimates the enterprise value of PARK CAKES ACQUISITION LIMITED at £13.2k based on an EBITDA of £3k and a 4.39x industry multiple (adjusted for size and gross margin).
park cakes acquisition limited Estimated Valuation
Pomanda estimates the enterprise value of PARK CAKES ACQUISITION LIMITED at £0 based on Net Assets of £-918k and 2.05x industry multiple (adjusted for liquidity).
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Park Cakes Acquisition Limited Overview
Park Cakes Acquisition Limited is a live company located in lancashire, OL8 2ND with a Companies House number of 05998322. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in November 2006, it's largest shareholder is park cakes holdings limited with a 100% stake. Park Cakes Acquisition Limited is a established, micro sized company, Pomanda has estimated its turnover at £29k with healthy growth in recent years.
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Park Cakes Acquisition Limited Health Check
Pomanda's financial health check has awarded Park Cakes Acquisition Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £29k, make it smaller than the average company (£13.7m)
£29k - Park Cakes Acquisition Limited
£13.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (4.4%)
11% - Park Cakes Acquisition Limited
4.4% - Industry AVG
Production
with a gross margin of 29.2%, this company has a comparable cost of product (29.2%)
29.2% - Park Cakes Acquisition Limited
29.2% - Industry AVG
Profitability
an operating margin of 10.3% make it more profitable than the average company (6.1%)
10.3% - Park Cakes Acquisition Limited
6.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (74)
- Park Cakes Acquisition Limited
74 - Industry AVG
Pay Structure
on an average salary of £40.4k, the company has an equivalent pay structure (£40.4k)
- Park Cakes Acquisition Limited
£40.4k - Industry AVG
Efficiency
resulting in sales per employee of £29k, this is less efficient (£175.9k)
- Park Cakes Acquisition Limited
£175.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Park Cakes Acquisition Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Park Cakes Acquisition Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Park Cakes Acquisition Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Park Cakes Acquisition Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 235.4%, this is a higher level of debt than the average (50.3%)
235.4% - Park Cakes Acquisition Limited
50.3% - Industry AVG
park cakes acquisition limited Credit Report and Business Information
Park Cakes Acquisition Limited Competitor Analysis
Perform a competitor analysis for park cakes acquisition limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
park cakes acquisition limited Ownership
PARK CAKES ACQUISITION LIMITED group structure
Park Cakes Acquisition Limited has 1 subsidiary company.
Ultimate parent company
ELIOT LUXEMBOURG
#0081891
2 parents
PARK CAKES ACQUISITION LIMITED
05998322
1 subsidiary
park cakes acquisition limited directors
Park Cakes Acquisition Limited currently has 4 directors. The longest serving directors include Mr Ken McGill (Jul 2014) and Mr Gareth Voyle (Jul 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ken McGill | 66 years | Jul 2014 | - | Director | |
| Mr Gareth Voyle | 64 years | Jul 2014 | - | Director | |
| Mr Paul Morton | England | 50 years | Mar 2015 | - | Director |
| Mr Andrew Parsons | 48 years | Apr 2021 | - | Director |
PARK CAKES ACQUISITION LIMITED financials
Park Cakes Acquisition Limited's latest turnover from April 2023 is £29 thousand and the company has net assets of -£918 thousand. According to their latest financial statements, we estimate that Park Cakes Acquisition Limited has 1 employee and maintains cash reserves of £1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 29,000 | 27,000 | 29,000 | 21,000 | 24,000 | 170,530,000 | 162,192,000 | 158,029,000 | 141,316,000 | 112,245,000 | 116,854,000 | 121,185,000 | 109,142,000 | 100,343,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 124,461,000 | 114,491,000 | 106,834,000 | 101,531,000 | 78,824,000 | 83,645,000 | 87,504,000 | 76,649,000 | 69,772,000 | |||||
| Gross Profit | 46,069,000 | 47,701,000 | 51,195,000 | 39,785,000 | 33,421,000 | 33,209,000 | 33,681,000 | 32,493,000 | 30,571,000 | |||||
| Admin Expenses | 45,083,000 | 45,580,000 | 48,446,000 | 50,816,000 | 34,462,000 | 31,203,000 | 34,368,000 | 31,319,000 | 37,652,000 | |||||
| Operating Profit | 3,000 | 2,000 | 3,000 | 2,000 | 2,000 | 986,000 | 2,121,000 | 2,749,000 | -11,031,000 | -1,041,000 | 2,006,000 | -687,000 | 1,174,000 | -7,081,000 |
| Interest Payable | 0 | 0 | 404,000 | 616,000 | 142,000 | 1,161,000 | 1,463,000 | 1,915,000 | 2,911,000 | 3,495,000 | 3,799,000 | 3,553,000 | 2,998,000 | 3,093,000 |
| Interest Receivable | 0 | 0 | 185,000 | 301,000 | 161,000 | 107,000 | 0 | 0 | 487,000 | 0 | 849,000 | 873,000 | 274,000 | 421,000 |
| Pre-Tax Profit | 3,000 | 2,000 | -216,000 | -313,000 | 21,000 | -68,000 | 658,000 | 834,000 | -13,455,000 | -4,536,000 | -944,000 | -3,367,000 | -1,550,000 | -9,753,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 172,000 | -1,121,000 | 1,557,000 | 1,982,000 | 0 | -1,012,000 | 0 | -27,000 | 1,039,000 |
| Profit After Tax | 3,000 | 2,000 | -216,000 | -313,000 | 21,000 | 104,000 | -463,000 | 2,391,000 | -11,473,000 | -4,536,000 | -1,956,000 | -3,367,000 | -1,577,000 | -8,714,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 3,000 | 2,000 | -216,000 | -313,000 | 21,000 | 104,000 | -463,000 | 2,391,000 | -11,473,000 | -4,536,000 | -1,956,000 | -3,367,000 | -1,577,000 | -8,714,000 |
| Employee Costs | 0 | 0 | 36,413,000 | 36,377,000 | 33,076,000 | 32,305,000 | 24,558,000 | 25,566,000 | 26,060,000 | 24,162,000 | 25,726,000 | |||
| Number Of Employees | 1,445 | 1,429 | 1,377 | 1,346 | 968 | 1,140 | 1,086 | 1,078 | 1,173 | |||||
| EBITDA* | 3,000 | 2,000 | 3,000 | 2,000 | 2,000 | 4,077,000 | 4,454,000 | 5,411,000 | -8,864,000 | 1,166,000 | 3,910,000 | 1,103,000 | 6,346,000 | -1,684,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 18,386,000 | 18,640,000 | 14,268,000 | 15,568,000 | 12,999,000 | 14,210,000 | 16,492,000 | 17,540,000 | 19,062,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | -567,000 | -749,000 | -1,119,000 | -1,793,000 | -2,751,000 | -3,863,000 | -5,153,000 | -6,851,000 | -8,677,000 |
| Investments & Other | 677,000 | 677,000 | 677,000 | 677,000 | 677,000 | 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 |
| Total Fixed Assets | 677,000 | 677,000 | 677,000 | 677,000 | 677,000 | 17,819,000 | 17,891,000 | 13,149,000 | 13,775,000 | 10,248,000 | 10,347,000 | 11,339,000 | 10,689,000 | 10,385,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 7,221,000 | 8,497,000 | 5,528,000 | 5,469,000 | 3,801,000 | 3,333,000 | 4,402,000 | 3,264,000 | 3,065,000 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 14,279,000 | 13,174,000 | 13,125,000 | 11,680,000 | 7,435,000 | 12,001,000 | 11,981,000 | 9,643,000 | 7,716,000 |
| Group Debtors | 0 | 0 | 479,000 | 3,986,000 | 3,272,000 | 1,578,000 | 1,154,000 | 0 | 0 | 129,000 | 9,486,000 | 5,097,000 | 7,274,000 | 7,753,000 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 5,610,000 | 5,306,000 | 6,360,000 | 4,030,000 | 1,113,000 | 1,495,000 | 2,962,000 | 2,814,000 | 2,437,000 |
| Cash | 1,000 | 1,000 | 4,000 | 45,000 | 154,000 | 4,490,000 | 5,195,000 | 2,351,000 | 669,000 | 4,158,000 | 2,995,000 | 4,441,000 | 4,282,000 | 2,451,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,000 | 1,000 | 483,000 | 4,031,000 | 3,426,000 | 33,178,000 | 33,326,000 | 27,364,000 | 21,848,000 | 16,636,000 | 29,310,000 | 28,883,000 | 27,277,000 | 23,422,000 |
| total assets | 678,000 | 678,000 | 1,160,000 | 4,708,000 | 4,103,000 | 50,997,000 | 51,217,000 | 40,513,000 | 35,623,000 | 26,884,000 | 39,657,000 | 40,222,000 | 37,966,000 | 33,807,000 |
| Bank overdraft | 0 | 0 | 0 | 3,374,000 | 0 | 23,386,000 | 12,674,000 | 0 | 0 | 0 | 0 | 11,455,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,233,000 | 8,044,000 | 5,269,000 | 9,480,000 | 0 | 10,602,000 | 8,651,000 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 25,626,000 | 25,647,000 | 19,619,000 | 20,176,000 | 12,707,000 | 12,883,000 | 13,667,000 | 12,020,000 | 10,573,000 |
| Group/Directors Accounts | 1,596,000 | 1,599,000 | 2,083,000 | 0 | 0 | 0 | 0 | 0 | 0 | 91,000 | 91,000 | 91,000 | 28,593,000 | 27,441,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 73,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 1,113,000 | 721,000 | 106,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 41,000 | 2,000 | 4,276,000 | 3,799,000 | 5,011,000 | 5,579,000 | 4,164,000 | 4,634,000 | 5,395,000 | 5,128,000 | 3,942,000 |
| total current liabilities | 1,596,000 | 1,599,000 | 2,083,000 | 3,415,000 | 2,000 | 54,474,000 | 42,841,000 | 34,969,000 | 33,799,000 | 22,231,000 | 27,088,000 | 30,608,000 | 56,343,000 | 50,607,000 |
| loans | 0 | 0 | 0 | 2,000,000 | 4,495,000 | 0 | 11,925,000 | 11,299,000 | 10,157,000 | 32,889,000 | 36,269,000 | 31,358,000 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 1,346,000 | 1,421,000 | 187,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 1,478,000 | 1,435,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 2,000,000 | 4,495,000 | 2,824,000 | 14,781,000 | 11,486,000 | 10,157,000 | 32,889,000 | 36,269,000 | 31,358,000 | 0 | 0 |
| total liabilities | 1,596,000 | 1,599,000 | 2,083,000 | 5,415,000 | 4,497,000 | 57,298,000 | 57,622,000 | 46,455,000 | 43,956,000 | 55,120,000 | 63,357,000 | 61,966,000 | 56,343,000 | 50,607,000 |
| net assets | -918,000 | -921,000 | -923,000 | -707,000 | -394,000 | -6,301,000 | -6,405,000 | -5,942,000 | -8,333,000 | -28,236,000 | -23,700,000 | -21,744,000 | -18,377,000 | -16,800,000 |
| total shareholders funds | -918,000 | -921,000 | -923,000 | -707,000 | -394,000 | -6,301,000 | -6,405,000 | -5,942,000 | -8,333,000 | -28,236,000 | -23,700,000 | -21,744,000 | -18,377,000 | -16,800,000 |
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,000 | 2,000 | 3,000 | 2,000 | 2,000 | 986,000 | 2,121,000 | 2,749,000 | -11,031,000 | -1,041,000 | 2,006,000 | -687,000 | 1,174,000 | -7,081,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 2,909,000 | 2,703,000 | 3,336,000 | 3,125,000 | 3,319,000 | 3,194,000 | 3,488,000 | 3,346,000 | 3,406,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 182,000 | -370,000 | -674,000 | -958,000 | -1,112,000 | -1,290,000 | -1,698,000 | 1,826,000 | 1,991,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 172,000 | -1,121,000 | 1,557,000 | 1,982,000 | 0 | -1,012,000 | 0 | -27,000 | 1,039,000 |
| Stock | 0 | 0 | 0 | 0 | -7,221,000 | -1,276,000 | 2,969,000 | 59,000 | 1,668,000 | 468,000 | -1,069,000 | 1,138,000 | 199,000 | 3,065,000 |
| Debtors | 0 | -479,000 | -3,507,000 | 714,000 | -18,195,000 | 1,833,000 | 149,000 | 3,775,000 | 7,033,000 | -14,305,000 | 2,942,000 | 309,000 | 1,825,000 | 17,906,000 |
| Creditors | 0 | 0 | 0 | 0 | -25,626,000 | -21,000 | 6,028,000 | -557,000 | 7,469,000 | -176,000 | -784,000 | 1,647,000 | 1,447,000 | 10,573,000 |
| Accruals and Deferred Income | 0 | 0 | -41,000 | 39,000 | -4,274,000 | 477,000 | -1,212,000 | -568,000 | 1,415,000 | -470,000 | -761,000 | 267,000 | 1,186,000 | 3,942,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -1,478,000 | 43,000 | 1,435,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 3,000 | 481,000 | 3,469,000 | -673,000 | -5,960,000 | 4,191,000 | 6,466,000 | 2,009,000 | -6,699,000 | 14,357,000 | -520,000 | 1,570,000 | 6,928,000 | -7,101,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | -2,655,000 | -7,075,000 | -2,036,000 | -5,694,000 | -2,117,000 | -912,000 | -2,400,000 | -1,824,000 | -1,377,000 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 677,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -2,655,000 | -7,075,000 | -2,036,000 | -5,694,000 | -2,117,000 | -912,000 | -2,400,000 | -1,824,000 | -1,377,000 | |||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -10,233,000 | 2,189,000 | 2,775,000 | -4,211,000 | 9,480,000 | -10,602,000 | 1,951,000 | 8,651,000 |
| Group/Directors Accounts | -3,000 | -484,000 | 2,083,000 | 0 | 0 | 0 | 0 | 0 | -91,000 | 0 | 0 | -28,502,000 | 1,152,000 | 27,441,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -73,000 | 73,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -2,000,000 | -2,495,000 | 4,495,000 | -11,925,000 | 626,000 | 1,142,000 | -22,732,000 | -3,380,000 | 4,911,000 | 31,358,000 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -2,459,000 | 317,000 | 1,849,000 | 293,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | -219,000 | -315,000 | 19,000 | -1,054,000 | -1,463,000 | -1,915,000 | -2,424,000 | -3,495,000 | -2,950,000 | -2,680,000 | -2,724,000 | -2,672,000 |
| cash flow from financing | -3,000 | -484,000 | -136,000 | -2,810,000 | 7,868,000 | -12,589,000 | -9,221,000 | 1,709,000 | 8,904,000 | -11,086,000 | 11,441,000 | -10,426,000 | 379,000 | 25,334,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 0 | -3,000 | -41,000 | -109,000 | -4,336,000 | -705,000 | 2,844,000 | 1,682,000 | -3,489,000 | 1,163,000 | -1,446,000 | 159,000 | 1,831,000 | 2,451,000 |
| overdraft | 0 | 0 | -3,374,000 | 3,374,000 | -23,386,000 | 10,712,000 | 12,674,000 | 0 | 0 | 0 | -11,455,000 | 11,455,000 | 0 | 0 |
| change in cash | 0 | -3,000 | 3,333,000 | -3,483,000 | 19,050,000 | -11,417,000 | -9,830,000 | 1,682,000 | -3,489,000 | 1,163,000 | 10,009,000 | -11,296,000 | 1,831,000 | 2,451,000 |
P&L
April 2023turnover
29k
+7%
operating profit
3k
+50%
gross margin
29.2%
-1.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-918k
0%
total assets
678k
0%
cash
1k
0%
net assets
Total assets minus all liabilities
park cakes acquisition limited company details
company number
05998322
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
November 2006
age
18
accounts
Full Accounts
ultimate parent company
previous names
caterpillar acquisition limited (November 2007)
incorporated
UK
address
ashton road, oldham, lancashire, OL8 2ND
last accounts submitted
April 2023
park cakes acquisition 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 24 charges/mortgages relating to park cakes acquisition limited. Currently there are 22 open charges and 2 have been satisfied in the past.
park cakes acquisition limited Companies House Filings - See Documents
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