Strudel Limited

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strudel limited Company Information

Live (In Receivership)

EstablishedSmallHigh

Company Number

06845333

Next Accounts

152 days late

Industry

Licensed restaurants

Directors

Simon Rimmer

Simon Connolly

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Shareholders

peter john holliday

james stuart clarke

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Group Structure

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Contact

Registered Address

c/o begbies traynor (central) ll, 340 deansgate, manchester, M3 4LY

Website

www.strudelbistro.com

strudel limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of STRUDEL LIMITED at £1.7m based on a Turnover of £2.3m and 0.72x industry multiple (adjusted for size and gross margin).

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Strudel Limited is a live company located in manchester, M3 4LY with a Companies House number of 06845333. It operates in the licenced restaurants sector, SIC Code 56101. Founded in March 2009, it's largest shareholder is peter john holliday with a 21.9% stake. Strudel Limited is a established, small sized company, Pomanda has estimated its turnover at £2.3m with high growth in recent years.

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Pomanda's financial health check has awarded Strudel Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £2.3m, make it larger than the average company (£1.4m)

Growth

3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (-2%)

EXPORT

Strudel Limited's latest turnover from October 2022 is estimated at £2.3 million and the company has net assets of £489.1 thousand. According to their latest financial statements, Strudel Limited has 64 employees and maintains cash reserves of £3.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011
Turnover	2,292,124	658,253	934,802	1,103,018	793,066	777,809	729,854	704,615	134,840	188,247	162,661	640,958
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	981,419	263,855	368,982	427,477	298,733	293,365	275,706	274,931	53,224	76,319	64,672	262,428
Gross Profit	1,310,705	394,397	565,820	675,541	494,333	484,443	454,148	429,684	81,615	111,928	97,989	378,530
Admin Expenses	1,455,721	387,863	586,179	696,277	539,752	528,708	461,776	324,834	114,773	51,009	28,497	311,621
Operating Profit	-145,016	6,534	-20,359	-20,736	-45,419	-44,265	-7,628	104,850	-33,158	60,919	69,492	66,909
Interest Payable	3,490	2,952	1,724	220	0	0	0	0	0	7,507	18,042	10,535
Interest Receivable	1,496	117	60	68	24	30	28	8	21	23	338	332
Pre-Tax Profit	-147,010	3,699	-22,023	-20,888	-45,395	-44,235	-7,600	104,858	-33,137	53,435	51,787	56,705
Tax	0	-703	0	0	0	0	0	-20,971	0	-12,290	-12,429	-14,743
Profit After Tax	-147,010	2,996	-22,023	-20,888	-45,395	-44,235	-7,600	83,886	-33,137	41,145	39,358	41,962
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-147,010	2,996	-22,023	-20,888	-45,395	-44,235	-7,600	83,886	-33,137	41,145	39,358	41,962
Employee Costs	1,201,590	467,432	487,850	556,130	458,131	437,473	408,062	263,088	46,970	77,972	59,006	215,887
Number Of Employees	64	28	28	31	26	26	25	16	3	5	4	15
EBITDA*	-94,796	36,092	9,018	8,674	-30,603	-44,265	22,339	135,500	5,063	99,682	109,662	181,672

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011
Tangible Assets	606,415	101,586	111,410	121,444	131,922	143,470	156,853	172,070	187,970	197,025	211,288	225,855
Intangible Assets	119,350	132,750	147,500	162,250	177,000	191,750	206,500	221,250	392,000	416,500	441,000	465,500
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	725,765	234,336	258,910	283,694	308,922	335,220	363,353	393,320	579,970	613,525	652,288	691,355
Stock & work in progress	12,002	6,998	6,999	7,002	7,001	7,000	7,001	7,024	7,000	6,934	5,500	5,200
Trade Debtors	0	0	0	0	6,166	6,500	5,375	15,218	72	1,272	984	8,770
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	120,532	5,054	7,873	5,718	0	0	0	0	0	0	0	0
Cash	3,148	129,834	103,739	15,262	2,900	3,455	20,500	1,519	1,519	6,691	2,383	132,712
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	135,682	141,886	118,611	27,982	16,067	16,955	32,876	23,761	8,591	14,897	8,867	146,682
total assets	861,447	376,222	377,521	311,676	324,989	352,175	396,229	417,081	588,561	628,422	661,155	838,037
Bank overdraft	0	0	0	6,518	0	0	0	0	0	0	0	0
Bank loan	10,370	11,297	50,000	0	0	0	0	0	0	0	0	0
Trade Creditors	154,965	61,687	65,418	50,295	98,935	80,726	79,949	91,162	156,102	153,034	140,658	343,045
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	159,183	81,594	78,960	49,697	0	0	0	0	0	0	0	0
total current liabilities	324,518	154,578	194,378	106,510	98,935	80,726	79,949	91,162	156,102	153,034	140,658	343,045
loans	27,442	35,505	0	0	0	0	0	0	0	0	230,982	324,169
hp & lease commitments	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
other liabilities	20,358	0	0	0	0	0	596	206	189,814	199,884	54,557	124,791
provisions	0	0	0	0	0	0	0	2,429	3,247	2,969	3,568	4,000
total long term liabilities	47,800	35,505	0	0	0	0	596	2,635	193,061	202,853	289,107	452,960
total liabilities	372,318	190,083	194,378	106,510	98,935	80,726	80,545	93,797	349,163	355,887	429,765	796,005
net assets	489,129	186,139	183,143	205,166	226,054	271,449	315,684	323,284	239,398	272,535	231,390	42,032
total shareholders funds	489,129	186,139	183,143	205,166	226,054	271,449	315,684	323,284	239,398	272,535	231,390	42,032

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Mar 2010
Operating Activities
Operating Profit	-145,016	6,534	-20,359	-20,736	-45,419	-44,265	-7,628	104,850	-33,158	60,919	69,492	66,909	0	0
Depreciation	35,320	14,808	14,627	14,660	14,816	0	15,217	15,900	13,721	14,263	15,670	90,263	0	0
Amortisation	14,900	14,750	14,750	14,750	0	0	14,750	14,750	24,500	24,500	24,500	24,500	0	0
Tax	0	-703	0	0	0	0	0	-20,971	0	-12,290	-12,429	-14,743	0	0
Stock	5,004	-1	-3	1	1	-1	-23	24	66	1,434	300	5,200	0	0
Debtors	115,478	-2,819	2,155	-448	-334	1,125	-9,843	15,146	-1,200	288	-7,786	8,770	0	0
Creditors	93,278	-3,731	15,123	-48,640	18,209	777	-11,213	-64,940	3,068	12,376	-202,387	343,045	0	0
Accruals and Deferred Income	77,589	2,634	29,263	49,697	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-2,429	-818	278	-599	-432	4,000	0	0
Cash flow from operations	-44,411	37,112	51,252	10,178	-12,061	-44,612	18,563	33,601	9,543	97,447	-98,100	500,004	0	0
Investing Activities
capital expenditure	-541,649	-4,984	-4,593	-4,182	11,482	28,133	0	156,000	-4,666	0	-1,103	-806,118	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-541,649	-4,984	-4,593	-4,182	11,482	28,133	0	156,000	-4,666	0	-1,103	-806,118	0	0
Financing Activities
Bank loans	-927	-38,703	50,000	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-8,063	35,505	0	0	0	0	0	0	0	-230,982	-93,187	324,169	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	20,358	0	0	0	0	-596	390	-189,608	-10,070	145,327	-70,234	124,791	0	0
share issue	450,000	0	0	0	0	0	0	0	0	0	150,000	70	0	0
interest	-1,994	-2,835	-1,664	-152	24	30	28	8	21	-7,484	-17,704	-10,203	0	0
cash flow from financing	459,374	-6,033	48,336	-152	24	-566	418	-189,600	-10,049	-93,139	-31,125	438,827	0	0
cash and cash equivalents
cash	-126,686	26,095	88,477	12,362	-555	-17,045	18,981	0	-5,172	4,308	-130,329	132,712	0	0
overdraft	0	0	-6,518	6,518	0	0	0	0	0	0	0	0	0	0
change in cash	-126,686	26,095	94,995	5,844	-555	-17,045	18,981	0	-5,172	4,308	-130,329	132,712	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STRUDEL LIMITED group structure

Strudel Limited has no subsidiary companies.

Ultimate parent company

STRUDEL LIMITED

06845333

STRUDEL LIMITED Shareholders

peter john holliday	21.94%
james stuart clarke	21.94%
simon peter rimmer	17.86%
simon james connolly	17.86%
john redeyoff	15.31%
john paul phythian	2.55%
kyle david quinn	2.55%

Strudel Limited currently has 4 directors. The longest serving directors include Mr Simon Rimmer (Mar 2009) and Mr Simon Connolly (Mar 2010).

officer	country	age	start	end	role
Mr Simon Rimmer	United Kingdom	61 years	Mar 2009	-	Director
Mr Simon Connolly	United Kingdom	59 years	Mar 2010	-	Director
Mr John Redeyoff	England	66 years	Dec 2011	-	Director
Mr Kyle Quinn	United Kingdom	41 years	Apr 2022	-	Director

P&L

October 2022

turnover

2.3m

+248%

operating profit

-145k

gross margin

57.2%

-4.56%

turnover

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

Balance Sheet

October 2022

net assets

489.1k

+1.63%

total assets

861.4k

+1.29%

cash

3.1k

-0.98%

net assets

Total assets minus all liabilities

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company number

06845333

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

incorporation date

March 2009

ultimate parent company

None

previous names

N/A

address

c/o begbies traynor (central) ll, 340 deansgate, manchester, M3 4LY

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 strudel limited. Currently there are 0 open charges and 1 have been satisfied in the past.

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strudel limited Company Information

strudel limited Estimated Valuation

strudel limited Estimated Valuation

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