Truffles Caterers Limited

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truffles caterers limited Company Information

Dissolved

Company Number

06515012

Next Accounts

Dec 2024

Industry

Other food service activities

Event catering activities

Directors

Stephen Keane

Clifford Corbett

Shareholders

clifford corbett

stephen keane

Group Structure

View All

Contact

Registered Address

galley house moon lane, barnet, EN5 5YL

Website

www.truffles.co.uk

truffles caterers limited Estimated Valuation

£408.3k

Pomanda estimates the enterprise value of TRUFFLES CATERERS LIMITED at £408.3k based on an EBITDA of £89.9k and a 4.54x industry multiple (adjusted for size and gross margin).

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Truffles Caterers Limited is a dissolved company that was located in barnet, EN5 5YL with a Companies House number of 06515012. It operated in the event catering activities sector, SIC Code 56210. Founded in February 2008, it's largest shareholder was clifford corbett with a 50% stake. The last turnover for Truffles Caterers Limited was estimated at £279.4k.

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Pomanda's financial health check has awarded Truffles Caterers Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £279.4k, make it smaller than the average company (£658.9k)

Growth

3 year (CAGR) sales growth of -32%, show it is growing at a slower rate (-5.9%)

EXPORT

Truffles Caterers Limited's latest turnover from March 2021 is estimated at £279.4 thousand and the company has net assets of £135. According to their latest financial statements, Truffles Caterers Limited has 11 employees and maintains cash reserves of £68.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	279,354	653,190	808,617	881,470	789,648	552,061	773,033	762,977	1,088,987	967,619	1,031,334	1,118,376
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	197,742	430,793	538,983	569,165	500,127	346,807	504,268	482,814	697,427	602,091	608,773	655,350
Gross Profit	81,612	222,397	269,634	312,305	289,521	205,254	268,764	280,163	391,560	365,528	422,560	463,026
Admin Expenses	113,605	231,867	235,819	310,932	286,801	284,776	263,440	279,042	382,073	319,005	378,079	446,167
Operating Profit	-31,993	-9,470	33,815	1,373	2,720	-79,522	5,324	1,121	9,487	46,523	44,481	16,859
Interest Payable	1,525	0	0	0	16	16	0	0	0	0	0	0
Interest Receivable	49	30	150	111	97	218	171	94	118	136	119	68
Pre-Tax Profit	-33,469	-9,440	33,965	1,484	2,801	-79,320	5,495	1,214	9,605	46,659	44,600	16,926
Tax	0	0	-6,453	-282	-560	0	-1,154	-279	-2,305	-12,131	-12,488	-4,739
Profit After Tax	-33,469	-9,440	27,512	1,202	2,241	-79,320	4,341	935	7,300	34,528	32,112	12,187
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-33,469	-9,440	27,512	1,202	2,241	-79,320	4,341	935	7,300	34,528	32,112	12,187
Employee Costs	196,133	515,568	521,242	541,661	527,314	197,073	221,040	212,099	327,957	338,092	356,906	377,771
Number Of Employees	11	28	28	28	27	10	11	11	17	18	20	19
EBITDA*	89,915	2,717	47,525	55,075	49,678	-32,772	50,049	42,139	54,634	95,503	94,801	70,356

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	8,885	38,262	45,813	54,773	39,947	40,649	38,491	27,781	35,156	46,015	49,814	58,699
Intangible Assets	0	0	0	0	33,645	67,288	100,931	134,574	168,217	201,860	235,503	269,146
Investments & Other	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
Total Fixed Assets	8,885	38,262	45,813	54,773	73,592	107,937	139,422	162,355	203,373	247,875	285,317	327,845
Stock & work in progress	0	5,072	5,313	5,313	5,313	5,313	5,313	5,313	5,313	4,250	4,250	4,617
Trade Debtors	0	45,024	71,962	87,462	71,764	71,162	65,075	62,415	88,082	67,687	69,012	60,952
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	655	8,488	0	0	0	0	0	0	0	0	0	0
Cash	68,073	30,678	30,240	9,852	34,451	42,821	44,332	24,079	13,324	33,976	20,469	27,097
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	68,728	89,262	107,515	102,627	111,528	119,296	114,720	91,807	106,719	105,913	93,731	92,666
total assets	77,613	127,524	153,328	157,400	185,120	227,233	254,142	254,162	310,092	353,788	379,048	420,511
Bank overdraft	0	0	0	0	0	499	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,700	10,956	18,854	12,811	14,639	12,849	150,689	160,379	220,280	262,413	325,197	403,351
Group/Directors Accounts	0	0	0	0	0	148,123	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	7,253	4,526	4,866	0	0	0	0	0	0
other current liabilities	24,088	71,586	73,543	102,276	139,652	40,537	0	0	0	0	0	0
total current liabilities	25,788	82,542	92,397	122,340	158,817	206,874	150,689	160,379	220,280	262,413	325,197	403,351
loans	50,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	4,108	9,182	9,183	4,603	1,322	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	6,187	3,908	0	7,426	4,974	0
provisions	1,690	7,270	8,705	10,345	7,370	6,948	5,857	2,810	3,682	5,119	4,575	4,970
total long term liabilities	51,690	11,378	17,887	19,528	11,973	8,270	12,044	6,718	3,682	12,545	9,549	4,970
total liabilities	77,478	93,920	110,284	141,868	170,790	215,144	162,733	167,097	223,962	274,958	334,746	408,321
net assets	135	33,604	43,044	15,532	14,330	12,089	91,409	87,065	86,130	78,830	44,302	12,190
total shareholders funds	135	33,604	43,044	15,532	14,330	12,089	91,409	87,065	86,130	78,830	44,302	12,190

	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-31,993	-9,470	33,815	1,373	2,720	-79,522	5,324	1,121	9,487	46,523	44,481	16,859
Depreciation	121,908	12,187	13,710	20,057	13,315	13,107	11,082	7,375	11,504	15,337	16,677	19,854
Amortisation	0	0	0	33,645	33,643	33,643	33,643	33,643	33,643	33,643	33,643	33,643
Tax	0	0	-6,453	-282	-560	0	-1,154	-279	-2,305	-12,131	-12,488	-4,739
Stock	-5,072	-241	0	0	0	0	0	0	1,063	0	-367	4,617
Debtors	-52,857	-18,450	-15,500	15,698	602	6,087	2,660	-25,667	20,395	-1,325	8,060	60,952
Creditors	-9,256	-7,898	6,043	-1,828	1,790	-137,840	-9,690	-59,901	-42,133	-62,784	-78,154	403,351
Accruals and Deferred Income	-47,498	-1,957	-28,733	-37,376	99,115	40,537	0	0	0	0	0	0
Deferred Taxes & Provisions	-5,580	-1,435	-1,640	2,975	422	1,091	3,047	-872	-1,437	544	-395	4,970
Cash flow from operations	85,510	10,118	32,242	2,866	149,843	-135,071	39,592	6,754	-12,699	22,457	-3,929	408,369
Investing Activities
capital expenditure	-92,531	-4,636	-4,750	-34,883	-12,613	-15,265	-21,792	0	-645	-11,538	-7,792	-381,342
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-92,531	-4,636	-4,750	-34,883	-12,613	-15,265	-21,792	0	-645	-11,538	-7,792	-381,342
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-148,123	148,123	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	50,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-4,108	-5,074	-7,254	7,307	2,941	6,188	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-6,187	2,279	3,908	-7,426	2,452	4,974	0
share issue	0	0	0	0	0	0	3	0	0	0	0	3
interest	-1,476	30	150	111	81	202	171	94	118	136	119	68
cash flow from financing	44,416	-5,044	-7,104	7,418	-145,101	148,326	2,453	4,002	-7,308	2,588	5,093	71
cash and cash equivalents
cash	37,395	438	20,388	-24,599	-8,370	-1,511	20,253	10,755	-20,652	13,507	-6,628	27,097
overdraft	0	0	0	0	-499	499	0	0	0	0	0	0
change in cash	37,395	438	20,388	-24,599	-7,871	-2,010	20,253	10,755	-20,652	13,507	-6,628	27,097

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 truffles caterers limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in EN5 area or any other competitors across 12 key performance metrics.

TRUFFLES CATERERS LIMITED group structure

Truffles Caterers Limited has no subsidiary companies.

Ultimate parent company

TRUFFLES CATERERS LIMITED

06515012

TRUFFLES CATERERS LIMITED Shareholders

clifford corbett	50%
stephen keane	50%

Truffles Caterers Limited currently has 2 directors. The longest serving directors include Mr Stephen Keane (Feb 2008) and Mr Clifford Corbett (Feb 2008).

officer	country	age	start	end	role
Mr Stephen Keane		65 years	Feb 2008	-	Director
Mr Clifford Corbett		67 years	Feb 2008	-	Director

P&L

March 2021

turnover

279.4k

-57%

operating profit

-32k

gross margin

29.3%

-14.2%

turnover

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

Balance Sheet

March 2021

net assets

135

-1%

total assets

77.6k

-0.39%

cash

68.1k

+1.22%

net assets

Total assets minus all liabilities

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company number

06515012

Type

Private limited with Share Capital

industry

56290 - Other food service activities

56210 - Event catering activities

incorporation date

February 2008

ultimate parent company

None

previous names

N/A

address

galley house moon lane, barnet, EN5 5YL

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 1 charges/mortgages relating to truffles caterers limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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truffles caterers limited Company Information

truffles caterers limited Estimated Valuation

truffles caterers limited Estimated Valuation

truffles caterers limited Estimated Valuation

Truffles Caterers Limited Overview

Truffles Caterers Limited Health Check

TRUFFLES CATERERS LIMITED financials

truffles caterers limited Credit Report and Business Information

Truffles Caterers Limited Competitor Analysis

truffles caterers limited Ownership

truffles caterers limited directors

truffles caterers limited company details

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