Al Desco Foods Ltd

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al desco foods ltd Company Information

Live

EstablishedMicroDeclining

Company Number

06885822

Website

www.eataldesco.co.uk

Registered Address

unit 5 glengall business centre, glengall road, london, SE15 6NF

Industry

Event catering activities

Telephone

02031426870

Next Accounts Due

September 2024

Group Structure

View All

Directors

Reema Kahar3 Years

Amit Patel3 Years

View All

Shareholders

berkley catering limited 100%

al desco foods ltd Estimated Valuation

£497.6k

Pomanda estimates the enterprise value of AL DESCO FOODS LTD at £497.6k based on Net Assets of £166k and 3x industry multiple (adjusted for liquidity).

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Al Desco Foods Ltd is a live company located in london, SE15 6NF with a Companies House number of 06885822. It operates in the event catering activities sector, SIC Code 56210. Founded in April 2009, it's largest shareholder is berkley catering limited with a 100% stake. Al Desco Foods Ltd is a established, micro sized company, Pomanda has estimated its turnover at £373.7k with declining growth in recent years.

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

Health Rating5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £373.7k, make it smaller than the average company (£568.5k)

Growth

3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (-6.2%)

EXPORT

Al Desco Foods Ltd's latest turnover from December 2022 is estimated at £373.7 thousand and the company has net assets of £166 thousand. According to their latest financial statements, Al Desco Foods Ltd has 4 employees and maintains cash reserves of £370.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	373,694	142,570	175,381	519,289	1,065,061	866,927	792,866	680,101	569,739	474,793	328,475	291,527	238,028	102,566
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	232,579	98,896	117,944	314,735	627,288	491,367	446,746	379,926	315,600	269,036	111,313	103,308	124,911	52,952
Gross Profit	141,115	43,673	57,437	204,554	437,773	375,560	346,120	300,174	254,139	205,758	217,162	188,219	113,117	49,614
Admin Expenses	67,304	197,073	197,464	200,288	308,506	256,478	376,350	252,065	224,894	194,226	145,521	84,505	111,425	49,587
Operating Profit	73,811	-153,400	-140,027	4,266	129,267	119,082	-30,230	48,109	29,245	11,532	71,641	103,714	1,692	27
Interest Payable	0	0	19	0	0	0	0	0	0	1,189	1,189	0	0	0
Interest Receivable	9,128	546	252	279	1,901	792	277	595	403	378	16	7	142	20
Pre-Tax Profit	82,940	-152,854	-139,794	4,546	131,168	119,874	-29,953	48,704	29,648	10,722	71,657	103,721	1,834	47
Tax	-15,759	0	0	-864	-24,922	-22,776	0	-9,741	-5,929	-2,252	-13,380	-20,899	-477	-13
Profit After Tax	67,181	-152,854	-139,794	3,682	106,246	97,098	-29,953	38,963	23,718	8,470	58,277	82,822	1,357	34
Dividends Paid	0	0	0	0	0	0	0	0	0	0	70,000	70,000	0	0
Retained Profit	67,181	-152,854	-139,794	3,682	106,246	97,098	-29,953	38,963	23,718	8,470	-11,723	12,822	1,357	34
Employee Costs	73,005	69,871	97,989	252,325	260,766	280,583	257,063	203,889	155,982	129,368	112,387	117,752	78,791	51,434
Number Of Employees	4	4	6	15	15	15	14	11	8	7	6	6	5	3
EBITDA*	76,415	-151,236	-130,196	17,047	137,875	126,587	-26,614	48,569	36,361	17,102	76,584	107,421	4,483	1,907

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	6,355	8,959	11,123	20,955	17,937	17,231	1,239	4,460	6,524	5,970	7,760	3,004	3,777	3,818
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	6,355	8,959	11,123	20,955	17,937	17,231	1,239	4,460	6,524	5,970	7,760	3,004	3,777	3,818
Stock & work in progress	0	0	8,449	14,200	15,000	6,335	4,800	0	0	0	0	0	0	0
Trade Debtors	61,983	24,433	2,839	26,751	104,290	67,864	76,428	46,913	37,670	28,126	25,605	26,433	12,663	7,686
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	24,805	363	0	0	0	0	0	0	0	0	1,918	3,060	0	0
Cash	370,879	150,740	218,216	286,410	272,216	234,704	82,127	139,626	98,390	62,757	88,540	104,913	48,871	7,952
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	457,667	175,536	229,504	327,361	391,506	308,903	163,355	186,539	136,060	90,883	116,063	134,406	61,534	15,638
total assets	464,022	184,495	240,627	348,316	409,443	326,134	164,594	190,999	142,584	96,853	123,823	137,410	65,311	19,456
Bank overdraft	0	0	633	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	18,857	4,719	36,159	96,326	156,719	174,879	119,906	116,358	106,906	84,893	0	206	62,920	18,422
Group/Directors Accounts	257,891	31,272	0	0	0	0	0	0	0	0	48,000	81,732	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	21,233	49,644	91,915	0	0	0	0	0	0	0	35,745	40,259	0	0
total current liabilities	297,981	85,635	128,707	96,326	156,719	174,879	119,906	116,358	106,906	84,893	83,745	122,197	62,920	18,422
loans	0	0	0	0	0	0	0	0	0	0	36,588	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	0	0	0	276	4,692	9,469	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	276	4,692	9,469	0	0	0	0	36,588	0	0	0
total liabilities	297,981	85,635	128,707	96,602	161,411	184,348	119,906	116,358	106,906	84,893	120,333	122,197	62,920	18,422
net assets	166,041	98,860	111,920	251,714	248,032	141,786	44,688	74,641	35,678	11,960	3,490	15,213	2,391	1,034
total shareholders funds	166,041	98,860	111,920	251,714	248,032	141,786	44,688	74,641	35,678	11,960	3,490	15,213	2,391	1,034

	Dec 2022	Dec 2021	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	73,811	-153,400	-140,027	4,266	129,267	119,082	-30,230	48,109	29,245	11,532	71,641	103,714	1,692	27
Depreciation	2,604	2,164	9,831	12,781	8,608	7,505	3,616	460	7,116	5,570	4,943	3,707	2,791	1,880
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-15,759	0	0	-864	-24,922	-22,776	0	-9,741	-5,929	-2,252	-13,380	-20,899	-477	-13
Stock	0	-14,200	-5,751	-800	8,665	1,535	4,800	0	0	0	0	0	0	0
Debtors	61,992	-1,955	-23,912	-77,539	36,426	-8,564	29,515	9,243	9,544	603	-1,970	16,830	4,977	7,686
Creditors	14,138	-91,607	-60,167	-60,393	-18,160	54,973	3,548	9,452	22,013	84,893	-206	-62,714	44,498	18,422
Accruals and Deferred Income	-28,411	49,644	91,915	0	0	0	0	0	0	-35,745	-4,514	40,259	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-15,609	-177,044	-68,785	34,129	49,702	165,813	-57,381	39,037	42,901	63,395	60,454	47,237	43,527	12,630
Investing Activities
capital expenditure	0	9,832	1	-15,799	-9,314	-23,497	-395	1,604	-7,670	-3,780	-9,699	-2,934	-2,750	-5,698
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	9,832	1	-15,799	-9,314	-23,497	-395	1,604	-7,670	-3,780	-9,699	-2,934	-2,750	-5,698
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	226,619	31,272	0	0	0	0	0	0	0	-48,000	-33,732	81,732	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	-36,588	36,588	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	0	-276	-276	-4,416	-4,777	9,469	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	9,128	546	233	279	1,901	792	277	595	403	-811	-1,173	7	142	20
cash flow from financing	235,747	31,542	-43	-4,137	-2,876	10,261	277	595	403	-85,399	1,683	81,739	142	1,020
cash and cash equivalents
cash	220,139	-135,670	-68,194	14,194	37,512	152,577	-57,499	41,236	35,633	-25,783	-16,373	56,042	40,919	7,952
overdraft	0	0	633	0	0	0	0	0	0	0	0	0	0	0
change in cash	220,139	-135,670	-68,827	14,194	37,512	152,577	-57,499	41,236	35,633	-25,783	-16,373	56,042	40,919	7,952

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 al desco foods ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in SE15 area or any other competitors across 12 key performance metrics.

AL DESCO FOODS LTD group structure

Al Desco Foods Ltd has no subsidiary companies.

Ultimate parent company

BERKELEY CATERING LIMITED

06328002

1 parent

AL DESCO FOODS LTD

06885822

AL DESCO FOODS LTD Shareholders

berkley catering limited

100%

Al Desco Foods Ltd currently has 4 directors. The longest serving directors include Ms Reema Kahar (Jul 2021) and Mr Amit Patel (Jul 2021).

officer	country	age	start	end	role
Ms Reema Kahar	England	43 years	Jul 2021	-	Director
Mr Amit Patel	United Kingdom	47 years	Jul 2021	-	Director
Mr Nagin Patel	England	76 years	Jul 2021	-	Director
Mrs Chandrabala Patel	England	76 years	Jul 2021	-	Director

P&L

December 2022

turnover

373.7k

+162%

operating profit

73.8k

gross margin

37.8%

+23.27%

turnover

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

Balance Sheet

December 2022

net assets

166k

+0.68%

total assets

464k

+1.52%

cash

370.9k

+1.46%

net assets

Total assets minus all liabilities

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company number

06885822

Type

Private limited with Share Capital

industry

56210 - Event catering activities

incorporation date

April 2009

age

accounts

Total Exemption Full

ultimate parent company

BERKELEY CATERING LIMITED

previous names

N/A

incorporated

address

unit 5 glengall business centre, glengall road, london, SE15 6NF

last accounts submitted

December 2022

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 did not find charges/mortgages relating to al desco foods ltd.

al desco foods ltd Company Information

al desco foods ltd Estimated Valuation

al desco foods ltd Estimated Valuation

al desco foods ltd Estimated Valuation

Al Desco Foods Ltd Overview

Al Desco Foods Ltd Health Check

AL DESCO FOODS LTD financials

al desco foods ltd Credit Report and Business Information

Al Desco Foods Ltd Competitor Analysis

al desco foods ltd Ownership

al desco foods ltd directors

al desco foods ltd company details

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al desco foods ltd Companies House Filings - See Documents