busaba eathai holdings limited
busaba eathai holdings limited Company Information
Company Number
06583652
Next Accounts
Feb 2025
Directors
Shareholders
curry acquisitions limited
yolana limited
View AllGroup Structure
View All
Industry
Licensed restaurants
Registered Address
6th floor 2 london walll place, london, EC2Y 5AU
Website
www.busaba.combusaba eathai holdings limited Estimated Valuation
Pomanda estimates the enterprise value of BUSABA EATHAI HOLDINGS LIMITED at £27.3m based on a Turnover of £28.4m and 0.96x industry multiple (adjusted for size and gross margin).
busaba eathai holdings limited Estimated Valuation
Pomanda estimates the enterprise value of BUSABA EATHAI HOLDINGS LIMITED at £0 based on an EBITDA of £-10.4m and a 6.2x industry multiple (adjusted for size and gross margin).
busaba eathai holdings limited Estimated Valuation
Pomanda estimates the enterprise value of BUSABA EATHAI HOLDINGS LIMITED at £0 based on Net Assets of £-53.1m and 2.72x industry multiple (adjusted for liquidity).
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Busaba Eathai Holdings Limited Overview
Busaba Eathai Holdings Limited is a dissolved company that was located in london, EC2Y 5AU with a Companies House number of 06583652. It operated in the licenced restaurants sector, SIC Code 56101. Founded in May 2008, it's largest shareholder was curry acquisitions limited with a 88.6% stake. The last turnover for Busaba Eathai Holdings Limited was estimated at £28.4m.
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Busaba Eathai Holdings Limited Health Check
Pomanda's financial health check has awarded Busaba Eathai Holdings Limited 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
3 Strong
3 Regular
6 Weak
Size
annual sales of £28.4m, make it larger than the average company (£880.2k)
£28.4m - Busaba Eathai Holdings Limited
£880.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.2%)
3% - Busaba Eathai Holdings Limited
5.2% - Industry AVG
Production
with a gross margin of 42.4%, this company has a higher cost of product (62.1%)
42.4% - Busaba Eathai Holdings Limited
62.1% - Industry AVG
Profitability
an operating margin of -47% make it less profitable than the average company (2.5%)
-47% - Busaba Eathai Holdings Limited
2.5% - Industry AVG
Employees
with 545 employees, this is above the industry average (65)
545 - Busaba Eathai Holdings Limited
65 - Industry AVG
Pay Structure
on an average salary of £19.4k, the company has an equivalent pay structure (£17.4k)
£19.4k - Busaba Eathai Holdings Limited
£17.4k - Industry AVG
Efficiency
resulting in sales per employee of £52.2k, this is equally as efficient (£46.5k)
£52.2k - Busaba Eathai Holdings Limited
£46.5k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is near the average (6 days)
6 days - Busaba Eathai Holdings Limited
6 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is quicker than average (49 days)
43 days - Busaba Eathai Holdings Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 8 days, this is less than average (13 days)
8 days - Busaba Eathai Holdings Limited
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (11 weeks)
5 weeks - Busaba Eathai Holdings Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 528.7%, this is a higher level of debt than the average (85.5%)
528.7% - Busaba Eathai Holdings Limited
85.5% - Industry AVG
BUSABA EATHAI HOLDINGS LIMITED financials
Busaba Eathai Holdings Limited's latest turnover from May 2018 is £28.4 million and the company has net assets of -£53.1 million. According to their latest financial statements, Busaba Eathai Holdings Limited has 545 employees and maintains cash reserves of £716.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 28,447,164 | 29,388,743 | 27,719,411 | 26,207,373 | 24,889,611 | 23,722,276 | 20,954,706 | 15,313,798 | 10,290,558 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 16,373,553 | 17,694,931 | 16,052,954 | 15,400,362 | 15,087,983 | 14,617,768 | 13,053,161 | 9,567,672 | 6,079,870 |
| Gross Profit | 12,073,611 | 11,693,812 | 11,666,457 | 10,807,011 | 9,801,628 | 9,104,508 | 7,901,545 | 5,746,126 | 4,210,688 |
| Admin Expenses | 25,454,778 | 25,098,609 | 13,306,891 | 12,048,441 | 12,136,214 | 9,510,312 | 8,570,366 | 6,259,624 | 4,521,043 |
| Operating Profit | -13,381,167 | -13,404,797 | -1,640,434 | -1,241,430 | -2,334,586 | -405,804 | -668,821 | -513,498 | -310,355 |
| Interest Payable | 4,519,533 | 4,513,264 | 3,643,922 | 3,100,608 | 2,829,682 | 2,538,135 | 2,356,763 | 1,874,736 | 1,847,791 |
| Interest Receivable | 0 | 54 | 1,497 | 1,652 | 1,148 | 388 | 2,165 | 5,714 | 13,835 |
| Pre-Tax Profit | -17,900,700 | -17,918,007 | -5,282,859 | -4,340,386 | -5,163,120 | -2,943,551 | -3,023,419 | -2,382,520 | -2,144,311 |
| Tax | 0 | 92,245 | 347,755 | -90,196 | -954,996 | 288,132 | -64,479 | 71,856 | 17,999 |
| Profit After Tax | -17,900,700 | -17,825,762 | -4,935,104 | -4,430,582 | -6,118,116 | -2,655,419 | -3,087,898 | -2,310,664 | -2,126,312 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -17,900,700 | -17,825,762 | -4,935,104 | -4,430,582 | -6,118,116 | -2,655,419 | -3,087,898 | -2,310,664 | -2,126,312 |
| Employee Costs | 10,560,395 | 11,846,728 | 11,132,042 | 10,737,008 | 9,447,547 | 9,110,899 | 8,131,398 | 5,975,764 | 3,628,234 |
| Number Of Employees | 545 | 605 | 564 | 545 | 516 | 519 | 488 | 336 | 235 |
| EBITDA* | -10,418,266 | -5,976,710 | 695,273 | 993,279 | -103,274 | 1,712,019 | 1,463,441 | 994,847 | 940,879 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,020,948 | 15,053,403 | 16,869,130 | 13,660,920 | 11,026,355 | 12,988,741 | 12,348,655 | 9,894,523 | 5,019,082 |
| Intangible Assets | 1,861 | 3,298,236 | 8,764,381 | 9,509,506 | 10,258,339 | 11,007,928 | 11,764,719 | 12,420,515 | 13,119,200 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 266,210 | 256,210 | 247,010 | 182,010 | 182,010 | 182,010 | 187,010 | 267,010 | 264,799 |
| Total Fixed Assets | 10,289,019 | 18,607,849 | 25,880,521 | 23,352,436 | 21,466,704 | 24,178,679 | 24,300,384 | 22,582,048 | 18,403,081 |
| Stock & work in progress | 359,571 | 990,093 | 946,341 | 628,548 | 570,704 | 590,435 | 500,055 | 378,190 | 186,006 |
| Trade Debtors | 496,267 | 922,548 | 654,909 | 591,042 | 632,942 | 336,374 | 271,749 | 234,568 | 137,822 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 515,882 | 650,337 | 601,206 | 336,872 | 593,964 | 875,139 | 576,316 | 718,454 | 498,803 |
| Cash | 716,924 | 687,279 | 615,384 | 2,431,488 | 2,167,515 | 719,431 | 893,014 | 855,901 | 1,651,263 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,088,644 | 3,250,257 | 2,817,840 | 3,987,950 | 3,965,125 | 2,521,379 | 2,241,134 | 2,187,113 | 2,473,894 |
| total assets | 12,377,663 | 21,858,106 | 28,698,361 | 27,340,386 | 25,431,829 | 26,700,058 | 26,541,518 | 24,769,161 | 20,876,975 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 1,414,719 | 603,753 | 1,655,990 | 567,903 | 3,824,840 | 839,000 | 669,453 | 365,006 | 0 |
| Trade Creditors | 1,965,080 | 2,088,765 | 2,188,181 | 1,274,436 | 937,732 | 938,992 | 666,979 | 846,330 | 547,294 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,269,584 | 3,662,339 | 3,053,522 | 3,090,067 | 3,138,282 | 2,912,907 | 2,722,895 | 2,129,446 | 1,299,739 |
| total current liabilities | 6,649,383 | 6,354,857 | 6,897,693 | 4,932,406 | 7,900,854 | 4,690,899 | 4,059,327 | 3,340,782 | 1,847,033 |
| loans | 54,896,569 | 49,799,638 | 48,488,199 | 43,812,652 | 34,395,261 | 33,305,133 | 31,122,746 | 26,981,036 | 19,238,995 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 200,000 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,034,018 |
| provisions | 3,898,636 | 869,836 | 92,245 | 440,000 | 349,804 | 0 | 0 | 0 | 0 |
| total long term liabilities | 58,795,205 | 50,669,474 | 48,580,444 | 44,252,652 | 34,945,065 | 33,305,133 | 31,122,746 | 26,981,036 | 22,273,013 |
| total liabilities | 65,444,588 | 57,024,331 | 55,478,137 | 49,185,058 | 42,845,919 | 37,996,032 | 35,182,073 | 30,321,818 | 24,120,046 |
| net assets | -53,066,925 | -35,166,225 | -26,779,776 | -21,844,672 | -17,414,090 | -11,295,974 | -8,640,555 | -5,552,657 | -3,243,071 |
| total shareholders funds | -53,066,925 | -35,166,225 | -26,779,776 | -21,844,672 | -17,414,090 | -11,295,974 | -8,640,555 | -5,552,657 | -3,243,071 |
| May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -13,381,167 | -13,404,797 | -1,640,434 | -1,241,430 | -2,334,586 | -405,804 | -668,821 | -513,498 | -310,355 |
| Depreciation | 2,237,543 | 1,961,942 | 1,590,582 | 1,485,876 | 1,481,723 | 1,361,032 | 1,378,500 | 774,987 | 523,257 |
| Amortisation | 725,358 | 5,466,145 | 745,125 | 748,833 | 749,589 | 756,791 | 753,762 | 733,358 | 727,977 |
| Tax | 0 | 92,245 | 347,755 | -90,196 | -954,996 | 288,132 | -64,479 | 71,856 | 17,999 |
| Stock | -630,522 | 43,752 | 317,793 | 57,844 | -19,731 | 90,380 | 121,865 | 192,184 | 186,006 |
| Debtors | -550,736 | 325,970 | 393,201 | -298,992 | 15,393 | 358,448 | -184,957 | 318,608 | 901,424 |
| Creditors | -123,685 | -99,416 | 913,745 | 336,704 | -1,260 | 272,013 | -179,351 | 299,036 | 547,294 |
| Accruals and Deferred Income | -392,755 | 608,817 | -36,545 | -248,215 | 425,375 | 190,012 | 593,449 | 829,707 | 1,299,739 |
| Deferred Taxes & Provisions | 3,028,800 | 777,591 | -347,755 | 90,196 | 349,804 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -6,724,648 | -4,967,195 | 861,479 | 1,322,916 | -280,013 | 2,013,348 | 1,876,152 | 1,684,654 | 1,718,481 |
| Investing Activities | |||||||||
| capital expenditure | -855,981 | -3,885,634 | -4,866,182 | -3,807,458 | -1,538,975 | -2,002,165 | -3,930,598 | -5,685,102 | -2,095,696 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -855,981 | -3,885,634 | -4,866,182 | -3,807,458 | -1,538,975 | -2,002,165 | -3,930,598 | -5,685,102 | -2,095,696 |
| Financing Activities | |||||||||
| Bank loans | 810,966 | -1,052,237 | 1,088,087 | -3,256,937 | 2,985,840 | 169,547 | 304,447 | 365,006 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 5,096,931 | 1,311,439 | 4,675,547 | 9,417,391 | 1,090,128 | 2,182,387 | 4,141,710 | 7,742,041 | 19,238,995 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,034,018 | 3,034,018 |
| share issue | |||||||||
| interest | -4,519,533 | -4,513,210 | -3,642,425 | -3,098,956 | -2,828,534 | -2,537,747 | -2,354,598 | -1,869,022 | -1,833,956 |
| cash flow from financing | 1,388,364 | 5,185,305 | 2,121,209 | 3,061,498 | 1,247,434 | -185,813 | 2,091,559 | 3,205,085 | 19,322,298 |
| cash and cash equivalents | |||||||||
| cash | 29,645 | 71,895 | -1,816,104 | 263,973 | 1,448,084 | -173,583 | 37,113 | -795,362 | 1,651,263 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 29,645 | 71,895 | -1,816,104 | 263,973 | 1,448,084 | -173,583 | 37,113 | -795,362 | 1,651,263 |
busaba eathai holdings limited Credit Report and Business Information
Busaba Eathai Holdings Limited Competitor Analysis
Perform a competitor analysis for busaba eathai holdings limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in EC2Y area or any other competitors across 12 key performance metrics.
busaba eathai holdings limited Ownership
BUSABA EATHAI HOLDINGS LIMITED group structure
Busaba Eathai Holdings Limited has 1 subsidiary company.
Ultimate parent company
MUZINICH UK PRIVATE DEBT SARL
#0021572
2 parents
BUSABA EATHAI HOLDINGS LIMITED
06583652
1 subsidiary
busaba eathai holdings limited directors
Busaba Eathai Holdings Limited currently has 1 director, Mr Terence Harrison serving since Oct 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Terence Harrison | England | 59 years | Oct 2017 | - | Director |
P&L
May 2018turnover
28.4m
-3%
operating profit
-13.4m
0%
gross margin
42.5%
+6.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2018net assets
-53.1m
+0.51%
total assets
12.4m
-0.43%
cash
716.9k
+0.04%
net assets
Total assets minus all liabilities
Similar Companies
busaba eathai holdings limited company details
company number
06583652
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
May 2008
age
17
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
May 2018
previous names
de facto 1632 limited (June 2008)
accountant
-
auditor
-
address
6th floor 2 london walll place, london, EC2Y 5AU
Bank
-
Legal Advisor
-
busaba eathai holdings 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 5 charges/mortgages relating to busaba eathai holdings limited. Currently there are 4 open charges and 1 have been satisfied in the past.
busaba eathai holdings limited 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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busaba eathai holdings limited Companies House Filings - See Documents
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