restaurants etc (soho) limited
restaurants etc (soho) limited Company Information
Company Number
06890161
Website
www.restaurantsetcltd.comRegistered Address
c/o teneo financial advisory lim, 156 great charles street, birmingham, west midlands, B3 3HN
Industry
Licensed restaurants
Telephone
08450555551
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
restaurants etc ltd 76%
wsh & mark hix restaurants limited 24%
restaurants etc (soho) limited Estimated Valuation
Pomanda estimates the enterprise value of RESTAURANTS ETC (SOHO) LIMITED at £1.2m based on a Turnover of £2.4m and 0.5x industry multiple (adjusted for size and gross margin).
restaurants etc (soho) limited Estimated Valuation
Pomanda estimates the enterprise value of RESTAURANTS ETC (SOHO) LIMITED at £0 based on an EBITDA of £-172k and a 3.78x industry multiple (adjusted for size and gross margin).
restaurants etc (soho) limited Estimated Valuation
Pomanda estimates the enterprise value of RESTAURANTS ETC (SOHO) LIMITED at £0 based on Net Assets of £-151k and 3.04x industry multiple (adjusted for liquidity).
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Restaurants Etc (soho) Limited Overview
Restaurants Etc (soho) Limited is a dissolved company that was located in birmingham, B3 3HN with a Companies House number of 06890161. It operated in the licenced restaurants sector, SIC Code 56101. Founded in April 2009, it's largest shareholder was restaurants etc ltd with a 76% stake. The last turnover for Restaurants Etc (soho) Limited was estimated at £2.4m.
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Restaurants Etc (soho) Limited Health Check
Pomanda's financial health check has awarded Restaurants Etc (Soho) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
7 Weak
Size
annual sales of £2.4m, make it larger than the average company (£1.5m)
£2.4m - Restaurants Etc (soho) Limited
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (4.6%)
-12% - Restaurants Etc (soho) Limited
4.6% - Industry AVG
Production
with a gross margin of 28.3%, this company has a higher cost of product (60.2%)
28.3% - Restaurants Etc (soho) Limited
60.2% - Industry AVG
Profitability
an operating margin of -11.3% make it less profitable than the average company (1.7%)
-11.3% - Restaurants Etc (soho) Limited
1.7% - Industry AVG
Employees
with 36 employees, this is below the industry average (83)
36 - Restaurants Etc (soho) Limited
83 - Industry AVG
Pay Structure
on an average salary of £25k, the company has a higher pay structure (£18k)
£25k - Restaurants Etc (soho) Limited
£18k - Industry AVG
Efficiency
resulting in sales per employee of £66.2k, this is more efficient (£47.7k)
£66.2k - Restaurants Etc (soho) Limited
£47.7k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (6 days)
4 days - Restaurants Etc (soho) Limited
6 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Restaurants Etc (soho) Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (13 days)
6 days - Restaurants Etc (soho) Limited
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (10 weeks)
2 weeks - Restaurants Etc (soho) Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 109.2%, this is a higher level of debt than the average (87.3%)
109.2% - Restaurants Etc (soho) Limited
87.3% - Industry AVG
RESTAURANTS ETC (SOHO) LIMITED financials
Restaurants Etc (Soho) Limited's latest turnover from December 2018 is £2.4 million and the company has net assets of -£151 thousand. According to their latest financial statements, Restaurants Etc (Soho) Limited has 36 employees and maintains cash reserves of £103 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,384,000 | 2,777,000 | 3,400,000 | 3,513,000 | 3,908,000 | 4,248,319 | 4,172,842 | 3,829,311 | 3,492,836 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 1,710,000 | 2,227,000 | 2,439,000 | 2,151,000 | 2,366,000 | 2,548,426 | 2,391,160 | 2,356,027 | 2,336,303 | |
| Gross Profit | 674,000 | 550,000 | 961,000 | 1,362,000 | 1,542,000 | 1,699,893 | 1,781,682 | 1,473,284 | 1,156,533 | |
| Admin Expenses | 943,000 | 1,168,000 | 1,518,000 | 1,725,000 | 1,148,000 | 1,537,229 | 1,117,744 | 971,142 | 817,069 | |
| Operating Profit | -269,000 | -618,000 | -557,000 | -363,000 | 394,000 | 162,664 | 663,938 | 502,142 | 339,464 | |
| Interest Payable | 0 | 0 | 0 | 0 | 765,000 | 2,975 | 8,224 | 11,429 | 14,563 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88 | |
| Pre-Tax Profit | -269,000 | -618,000 | -557,000 | -363,000 | 394,000 | 159,689 | 655,714 | 490,713 | 324,989 | |
| Tax | 11,000 | 98,000 | 44,000 | 12,000 | 12,000 | -79,855 | -145,986 | -146,800 | -43,106 | |
| Profit After Tax | -258,000 | -520,000 | -513,000 | -351,000 | 406,000 | 79,834 | 509,728 | 343,913 | 281,883 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -258,000 | -520,000 | -513,000 | -351,000 | 406,000 | 79,834 | 509,728 | 343,913 | 281,883 | |
| Employee Costs | 901,000 | 1,199,000 | 1,196,000 | 1,078,000 | 1,172,000 | 1,215,998 | 1,082,257 | 1,142,117 | 1,183,196 | |
| Number Of Employees | 36 | 48 | 51 | 57 | 66 | 65 | 61 | 62 | 59 | |
| EBITDA* | -172,000 | -583,000 | -490,000 | -295,000 | 463,000 | 227,745 | 720,913 | 555,421 | 391,491 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 112,000 | 158,000 | 395,000 | 470,000 | 536,232 | 492,052 | 491,400 | 492,909 | 481,997 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 300 | 200 | 100 | 100 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 2,013,000 | 1,607,213 | 992,313 | 142,313 | 94,875 | 94,875 |
| Total Fixed Assets | 0 | 112,000 | 158,000 | 395,000 | 2,483,000 | 2,143,745 | 1,484,565 | 633,813 | 587,884 | 576,872 |
| Stock & work in progress | 29,000 | 56,000 | 50,000 | 76,000 | 88,000 | 102,561 | 97,808 | 100,624 | 96,624 | 75,191 |
| Trade Debtors | 28,000 | 28,000 | 33,000 | 133,000 | 77,000 | 59,519 | 118,801 | 130,615 | 70,878 | 123,477 |
| Group Debtors | 1,211,000 | 1,171,000 | 915,000 | 1,233,000 | 0 | 0 | 46,599 | 119,600 | 0 | 0 |
| Misc Debtors | 271,000 | 298,000 | 245,000 | 244,000 | 101,000 | 99,651 | 74,654 | 103,209 | 142,054 | 0 |
| Cash | 103,000 | 329,000 | 158,000 | 271,000 | 243,000 | 222,379 | 415,591 | 792,579 | 387,625 | 360,663 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,642,000 | 1,882,000 | 1,401,000 | 1,957,000 | 509,000 | 484,110 | 753,453 | 1,246,627 | 697,181 | 559,331 |
| total assets | 1,642,000 | 1,994,000 | 1,559,000 | 2,352,000 | 2,992,000 | 2,627,855 | 2,238,018 | 1,880,440 | 1,285,065 | 1,136,203 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 45,150 | 60,000 | 60,000 | 60,000 | 0 |
| Trade Creditors | 0 | 0 | 0 | 352,000 | 503,000 | 510,658 | 403,918 | 408,272 | 321,135 | 741,388 |
| Group/Directors Accounts | 1,752,000 | 1,769,000 | 819,000 | 229,000 | 178,000 | 10,947 | 35,787 | 59,235 | 10,793 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 41,000 | 118,000 | 113,000 | 289,000 | 326,000 | 356,413 | 337,725 | 393,198 | 251,092 | 0 |
| total current liabilities | 1,793,000 | 1,887,000 | 932,000 | 870,000 | 1,007,000 | 923,168 | 837,430 | 920,705 | 643,020 | 741,388 |
| loans | 0 | 0 | 0 | 300,000 | 440,000 | 549,976 | 45,150 | 105,150 | 165,150 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 299,976 | 299,976 | 299,976 | 524,976 |
| provisions | 0 | 0 | 0 | 42,000 | 54,000 | 69,514 | 50,099 | 58,974 | 25,197 | 0 |
| total long term liabilities | 0 | 0 | 0 | 342,000 | 494,000 | 619,490 | 395,225 | 464,100 | 490,323 | 524,976 |
| total liabilities | 1,793,000 | 1,887,000 | 932,000 | 1,212,000 | 1,501,000 | 1,542,658 | 1,232,655 | 1,384,805 | 1,133,343 | 1,266,364 |
| net assets | -151,000 | 107,000 | 627,000 | 1,140,000 | 1,491,000 | 1,085,197 | 1,005,363 | 495,635 | 151,722 | -130,161 |
| total shareholders funds | -151,000 | 107,000 | 627,000 | 1,140,000 | 1,491,000 | 1,085,197 | 1,005,363 | 495,635 | 151,722 | -130,161 |
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -269,000 | -618,000 | -557,000 | -363,000 | 394,000 | 162,664 | 663,938 | 502,142 | 339,464 | |
| Depreciation | 97,000 | 35,000 | 67,000 | 68,000 | 69,000 | 65,081 | 56,975 | 53,279 | 52,027 | 11,389 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 11,000 | 98,000 | 44,000 | 12,000 | 12,000 | -79,855 | -145,986 | -146,800 | -43,106 | |
| Stock | -27,000 | 6,000 | -26,000 | -12,000 | -14,561 | 4,753 | -2,816 | 4,000 | 21,433 | 75,191 |
| Debtors | 13,000 | 304,000 | -417,000 | -581,000 | 424,617 | 534,016 | 736,630 | 187,930 | 89,455 | 218,352 |
| Creditors | 0 | 0 | -352,000 | -151,000 | -7,658 | 106,740 | -4,354 | 87,137 | -420,253 | 741,388 |
| Accruals and Deferred Income | -77,000 | 5,000 | -176,000 | -37,000 | -30,413 | 18,688 | -55,473 | 142,106 | 251,092 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | -42,000 | -12,000 | -15,514 | 19,415 | -8,875 | 33,777 | 25,197 | 0 |
| Cash flow from operations | -224,000 | -790,000 | -573,000 | 110,000 | 11,359 | -246,036 | -227,589 | 479,711 | 93,533 | |
| Investing Activities | ||||||||||
| capital expenditure | -2,950,000 | -109,361 | -57,727 | -51,770 | -63,209 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | -300 | 100 | 100 | 0 | 100 | 0 |
| cash flow from investments | -2,949,700 | -109,461 | -57,827 | -51,770 | -63,309 | |||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | -45,150 | -14,850 | 0 | 0 | 60,000 | 0 |
| Group/Directors Accounts | -17,000 | 950,000 | 590,000 | 51,000 | 167,053 | -24,840 | -23,448 | 48,442 | 10,793 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -300,000 | -140,000 | -109,976 | 504,826 | -60,000 | -60,000 | 165,150 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -299,976 | 0 | 0 | -225,000 | 524,976 |
| share issue | ||||||||||
| interest | 0 | 0 | 0 | 0 | -765,000 | -2,975 | -8,224 | -11,429 | -14,475 | |
| cash flow from financing | -17,000 | 950,000 | 290,000 | -89,000 | -753,270 | 162,185 | -91,672 | -22,987 | -3,532 | |
| cash and cash equivalents | ||||||||||
| cash | -226,000 | 171,000 | -113,000 | 28,000 | 20,621 | -193,212 | -376,988 | 404,954 | 26,962 | 360,663 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -226,000 | 171,000 | -113,000 | 28,000 | 20,621 | -193,212 | -376,988 | 404,954 | 26,962 | 360,663 |
restaurants etc (soho) limited Credit Report and Business Information
Restaurants Etc (soho) Limited Competitor Analysis
Perform a competitor analysis for restaurants etc (soho) limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in B 3 area or any other competitors across 12 key performance metrics.
restaurants etc (soho) limited Ownership
RESTAURANTS ETC (SOHO) LIMITED group structure
Restaurants Etc (Soho) Limited has 3 subsidiary companies.
Ultimate parent company
2 parents
RESTAURANTS ETC (SOHO) LIMITED
06890161
3 subsidiaries
restaurants etc (soho) limited directors
Restaurants Etc (Soho) Limited currently has 3 directors. The longest serving directors include Mr Mark Hix (Apr 2009) and Mr Marc Bradley (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Hix | 61 years | Apr 2009 | - | Director | |
| Mr Marc Bradley | United Kingdom | 49 years | Apr 2016 | - | Director |
| Mr Alastair Storey | United Kingdom | 71 years | Apr 2016 | - | Director |
P&L
December 2018turnover
2.4m
-14%
operating profit
-269k
-56%
gross margin
28.3%
+42.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
-151k
-2.41%
total assets
1.6m
-0.18%
cash
103k
-0.69%
net assets
Total assets minus all liabilities
restaurants etc (soho) limited company details
company number
06890161
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
April 2009
age
15
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2018
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
c/o teneo financial advisory lim, 156 great charles street, birmingham, west midlands, B3 3HN
Bank
-
Legal Advisor
-
restaurants etc (soho) 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 6 charges/mortgages relating to restaurants etc (soho) limited. Currently there are 1 open charges and 5 have been satisfied in the past.
restaurants etc (soho) limited Companies House Filings - See Documents
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