Parravani's Ice Cream Ltd

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parravani's ice cream ltd Company Information

Live

EstablishedSmallDeclining

Company Number

06253629

Website

www.parravanis.co.uk

Registered Address

unit 8 george westwood way, beccles, suffok, NR34 9BN

Industry

Other retail sale of food in specialised stores

Telephone

01502715970

Next Accounts Due

February 2025

Group Structure

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Directors

Julian Sutton6 Years

Angus Smith6 Years

Shareholders

parravani's holdings ltd 51.2%

balder capital nominees ltd 48.9%

parravani's ice cream ltd Estimated Valuation

£313k

Pomanda estimates the enterprise value of PARRAVANI'S ICE CREAM LTD at £313k based on a Turnover of £1.3m and 0.24x industry multiple (adjusted for size and gross margin).

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Parravani's Ice Cream Ltd is a live company located in suffok, NR34 9BN with a Companies House number of 06253629. It operates in the other retail sale of food in specialised stores sector, SIC Code 47290. Founded in May 2007, it's largest shareholder is parravani's holdings ltd with a 51.1% stake. Parravani's Ice Cream Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Parravani'S Ice Cream Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £1.3m, make it larger than the average company (£440k)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (7%)

EXPORT

Parravani'S Ice Cream Ltd's latest turnover from May 2023 is estimated at £1.3 million and the company has net assets of £17.7 thousand. According to their latest financial statements, Parravani'S Ice Cream Ltd has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	1,297,353	1,168,900	1,371,038	1,514,000	1,838,943	2,130,616	387,148	463,767	776,823	816,809	649,198	401,160	374,616	424,377
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,019,404	931,195	1,104,321	1,223,160	1,475,723	1,692,341	307,640	365,964	607,343	621,897	465,831	300,775	268,445	312,304
Gross Profit	277,949	237,706	266,717	290,840	363,219	438,275	79,509	97,804	169,480	194,912	183,366	100,386	106,172	112,073
Admin Expenses	305,871	233,054	252,432	321,623	384,490	400,469	84,106	102,792	184,038	215,177	266,207	111,207	66,633	-109,425
Operating Profit	-27,922	4,652	14,285	-30,783	-21,271	37,806	-4,597	-4,988	-14,558	-20,265	-82,841	-10,821	39,539	221,498
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	38	70	222	144	42	45	210	308	125
Pre-Tax Profit	-27,922	4,652	14,285	-30,783	-21,271	37,844	-4,527	-4,766	-14,414	-20,223	-82,796	-10,611	39,847	221,624
Tax	0	-884	-2,714	0	0	-7,190	0	0	0	0	0	0	-10,360	-62,055
Profit After Tax	-27,922	3,768	11,571	-30,783	-21,271	30,654	-4,527	-4,766	-14,414	-20,223	-82,796	-10,611	29,487	159,569
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-27,922	3,768	11,571	-30,783	-21,271	30,654	-4,527	-4,766	-14,414	-20,223	-82,796	-10,611	29,487	159,569
Employee Costs	125,430	135,880	135,968	194,345	195,292	241,131	53,866	52,926	85,261	80,513	73,833	50,646	50,646	56,216
Number Of Employees	8	8	8	12	11	13	3	3	5	5	4	3	3	3
EBITDA*	-27,922	4,652	14,285	-30,783	-21,271	37,806	23,733	29,590	13,865	11,021	-53,952	15,279	60,934	238,665

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	13,006	11,045	8,352	5,362	8,723	15,717	29,534	54,289	49,281	73,563	79,239	91,259	50,901	53,675
Intangible Assets	0	0	0	0	0	0	18,750	22,500	26,250	30,000	33,750	37,500	45,000	52,500
Investments & Other	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
Total Fixed Assets	13,006	11,045	8,352	5,362	8,723	15,717	48,284	76,789	75,531	103,563	112,989	128,759	95,901	106,175
Stock & work in progress	0	0	0	0	0	0	67,275	80,219	77,250	79,694	67,587	55,863	51,518	51,375
Trade Debtors	384,516	334,383	377,907	394,640	295,597	356,272	69,181	64,067	66,016	74,570	65,017	60,403	70,062	66,987
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	10,096	15,426	0	0	0	0	0	0
Cash	0	0	0	0	0	0	15,320	41,016	47,980	9,582	7,104	11,003	73,186	50,122
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	384,516	334,383	377,907	394,640	295,597	356,272	161,872	200,728	191,246	163,846	139,708	127,269	194,766	168,484
total assets	397,522	345,428	386,259	400,002	304,320	371,989	210,156	277,517	266,777	267,409	252,697	256,028	290,667	274,659
Bank overdraft	0	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
Trade Creditors	160,935	204,234	200,268	106,058	188,199	197,904	51,976	49,984	184,409	159,550	141,062	58,446	52,935	75,828
Group/Directors Accounts	0	0	0	0	0	0	40,766	94,188	0	0	0	0	0	0
other short term finances	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
other current liabilities	0	0	0	0	0	0	50,792	48,690	0	0	0	19,037	48,576	39,162
total current liabilities	160,935	204,234	200,268	106,058	188,199	197,904	143,534	192,862	184,409	159,550	141,062	77,483	101,511	114,990
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	216,379	93,606	142,802	263,327	54,351	89,204	9,699	18,564	12,846	20,428	3,461	0	0	0
provisions	2,472	1,930	1,299	298	668	2,508	5,104	9,745	8,410	11,905	12,425	0	0	0
total long term liabilities	218,851	95,536	144,101	263,625	55,019	91,712	14,803	28,309	21,256	32,333	15,886	0	0	0
total liabilities	379,786	299,770	344,369	369,683	243,218	289,616	158,337	221,171	205,665	191,883	156,948	77,483	101,511	114,990
net assets	17,736	45,658	41,890	30,319	61,102	82,373	51,819	56,346	61,112	75,526	95,749	178,545	189,156	159,669
total shareholders funds	17,736	45,658	41,890	30,319	61,102	82,373	51,819	56,346	61,112	75,526	95,749	178,545	189,156	159,669

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-27,922	4,652	14,285	-30,783	-21,271	37,806	-4,597	-4,988	-14,558	-20,265	-82,841	-10,821	39,539	221,498
Depreciation	0	0	0	0	0	0	24,580	30,828	24,673	27,536	25,139	18,600	13,895	9,667
Amortisation	0	0	0	0	0	0	3,750	3,750	3,750	3,750	3,750	7,500	7,500	7,500
Tax	0	-884	-2,714	0	0	-7,190	0	0	0	0	0	0	-10,360	-62,055
Stock	0	0	0	0	0	-67,275	-12,944	2,969	-2,444	12,107	11,724	4,345	143	51,375
Debtors	50,133	-43,524	-16,733	99,043	-60,675	276,995	-216	13,477	-8,554	9,553	4,614	-9,659	3,075	66,987
Creditors	-43,299	3,966	94,210	-82,141	-9,705	145,928	1,992	-134,425	24,859	18,488	82,616	5,511	-22,893	75,828
Accruals and Deferred Income	0	0	0	0	0	-50,792	2,102	48,690	0	0	-19,037	-29,539	9,414	39,162
Deferred Taxes & Provisions	542	631	1,001	-370	-1,840	-2,596	-4,641	1,335	-3,495	-520	12,425	0	0	0
Cash flow from operations	-120,812	51,889	123,515	-212,337	27,859	-86,564	36,346	-71,256	46,227	7,329	5,714	-3,435	33,877	173,238
Investing Activities
capital expenditure	-1,961	-2,693	-2,990	3,361	6,994	32,567	175	-35,836	-391	-21,860	-13,119	-58,958	-11,121	-123,342
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,961	-2,693	-2,990	3,361	6,994	32,567	175	-35,836	-391	-21,860	-13,119	-58,958	-11,121	-123,342
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-40,766	-53,422	94,188	0	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	122,773	-49,196	-120,525	208,976	-34,853	79,505	-8,865	5,718	-7,582	16,967	3,461	0	0	0
share issue	0	0	0	0	0	-100	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	38	70	222	144	42	45	210	308	125
cash flow from financing	122,773	-49,196	-120,525	208,976	-34,853	38,677	-62,217	100,128	-7,438	17,009	3,506	210	308	225
cash and cash equivalents
cash	0	0	0	0	0	-15,320	-25,696	-6,964	38,398	2,478	-3,899	-62,183	23,064	50,122
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-15,320	-25,696	-6,964	38,398	2,478	-3,899	-62,183	23,064	50,122

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 parravani's ice cream ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in NR34 area or any other competitors across 12 key performance metrics.

PARRAVANI'S ICE CREAM LTD group structure

Parravani'S Ice Cream Ltd has no subsidiary companies.

Ultimate parent company

PARRAVANI'S HOLDINGS LIMITED

10061678

1 parent

PARRAVANI'S ICE CREAM LTD

06253629

PARRAVANI'S ICE CREAM LTD Shareholders

parravani's holdings ltd	51.15%
balder capital nominees ltd	48.85%

Parravani'S Ice Cream Ltd currently has 2 directors. The longest serving directors include Mr Julian Sutton (Oct 2017) and Mr Angus Smith (Oct 2017).

officer	country	age	start	end	role
Mr Julian Sutton	England	59 years	Oct 2017	-	Director
Mr Angus Smith		61 years	Oct 2017	-	Director

P&L

May 2023

turnover

1.3m

+11%

operating profit

-27.9k

gross margin

21.5%

+5.35%

turnover

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

Balance Sheet

May 2023

net assets

17.7k

-0.61%

total assets

397.5k

+0.15%

cash

net assets

Total assets minus all liabilities

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company number

06253629

Type

Private limited with Share Capital

industry

47290 - Other retail sale of food in specialised stores

incorporation date

May 2007

accounts

Micro-Entity Accounts

ultimate parent company

PARRAVANI'S HOLDINGS LIMITED

previous names

N/A

last accounts submitted

May 2023

address

unit 8 george westwood way, beccles, suffok, NR34 9BN

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 3 charges/mortgages relating to parravani's ice cream ltd. Currently there are 1 open charges and 2 have been satisfied in the past.

parravani's ice cream ltd Company Information

parravani's ice cream ltd Estimated Valuation

parravani's ice cream ltd Estimated Valuation

parravani's ice cream ltd Estimated Valuation

Parravani's Ice Cream Ltd Overview

Parravani's Ice Cream Ltd Health Check

PARRAVANI'S ICE CREAM LTD financials

parravani's ice cream ltd Credit Report and Business Information

Parravani's Ice Cream Ltd Competitor Analysis

parravani's ice cream ltd Ownership

parravani's ice cream ltd directors

parravani's ice cream ltd company details

parravani's ice cream ltd Charges & Mortgages

parravani's ice cream ltd Companies House Filings - See Documents