ace bars limited
ace bars limited Company Information
Group Structure
View All
Industry
Other food service activities
+1Registered Address
55 hand lane, pennington, leigh, lancashire, WN7 3NA
Website
www.acebars.co.ukace bars limited Estimated Valuation
Pomanda estimates the enterprise value of ACE BARS LIMITED at £682 based on a Turnover of £1.4k and 0.48x industry multiple (adjusted for size and gross margin).
ace bars limited Estimated Valuation
Pomanda estimates the enterprise value of ACE BARS LIMITED at £2.7k based on an EBITDA of £662 and a 4.03x industry multiple (adjusted for size and gross margin).
ace bars limited Estimated Valuation
Pomanda estimates the enterprise value of ACE BARS LIMITED at £0 based on Net Assets of £-7.3k and 2.89x industry multiple (adjusted for liquidity).
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Ace Bars Limited Overview
Ace Bars Limited is a live company located in leigh, WN7 3NA with a Companies House number of 06900424. It operates in the event catering activities sector, SIC Code 56210. Founded in May 2009, it's largest shareholder is anthony brian morris with a 100% stake. Ace Bars Limited is a established, micro sized company, Pomanda has estimated its turnover at £1.4k with declining growth in recent years.
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Ace Bars Limited Health Check
Pomanda's financial health check has awarded Ace Bars Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
4 Weak
Size
annual sales of £1.4k, make it smaller than the average company (£1.3m)
- Ace Bars Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -57%, show it is growing at a slower rate (21.5%)
- Ace Bars Limited
21.5% - Industry AVG
Production
with a gross margin of 34.9%, this company has a comparable cost of product (34.9%)
- Ace Bars Limited
34.9% - Industry AVG
Profitability
an operating margin of 46.5% make it more profitable than the average company (4.4%)
- Ace Bars Limited
4.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (19)
- Ace Bars Limited
19 - Industry AVG
Pay Structure
on an average salary of £22k, the company has an equivalent pay structure (£22k)
- Ace Bars Limited
£22k - Industry AVG
Efficiency
resulting in sales per employee of £1.4k, this is less efficient (£65.5k)
- Ace Bars Limited
£65.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Ace Bars Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 75 days, this is slower than average (32 days)
- Ace Bars Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ace Bars Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ace Bars Limited
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Ace Bars Limited
- - Industry AVG
ACE BARS LIMITED financials
Ace Bars Limited's latest turnover from May 2024 is estimated at £1.4 thousand and the company has net assets of -£7.3 thousand. According to their latest financial statements, we estimate that Ace Bars Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 1 | 1 | 2 | 1 | |||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 15,993 | 17,320 | 18,471 | 18,176 | 21,117 | 12,771 | 14,036 | 7,733 | 12,687 | 16,917 | 8,813 | 2,334 | |||
| Intangible Assets | |||||||||||||||
| Investments & Other | 372 | 3,856 | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 372 | 3,856 | 15,993 | 17,320 | 18,471 | 18,176 | 21,117 | 12,771 | 14,036 | 7,733 | 12,687 | 16,917 | 8,813 | 2,334 | |
| Stock & work in progress | 225 | 225 | |||||||||||||
| Trade Debtors | 250 | 517 | 5,948 | 5,133 | 1,754 | 1,205 | |||||||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 278 | ||||||||||||||
| Cash | 24,092 | 8,153 | 910 | 1,983 | 401 | 9,271 | 3,540 | 1,727 | 276 | ||||||
| misc current assets | 286 | ||||||||||||||
| total current assets | 286 | 24,567 | 9,173 | 5,948 | 5,133 | 1,754 | 910 | 1,983 | 401 | 9,271 | 4,745 | 1,727 | 276 | ||
| total assets | 658 | 3,856 | 40,560 | 26,493 | 24,419 | 23,309 | 22,871 | 13,681 | 16,019 | 8,134 | 21,958 | 21,662 | 10,540 | 2,610 | |
| Bank overdraft | 2,000 | 2,000 | 850 | 850 | |||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 193 | 1,025 | 630 | 152 | 8,453 | 15,250 | 14,145 | 12,376 | 15,790 | 8,837 | 19,061 | 13,060 | 11,402 | 4,828 | |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 667 | 8,959 | 2,260 | ||||||||||||
| total current liabilities | 2,193 | 3,025 | 1,297 | 9,809 | 3,262 | 8,453 | 15,250 | 14,145 | 12,376 | 15,790 | 8,837 | 19,061 | 13,060 | 11,402 | 4,828 |
| loans | 2,820 | 4,958 | 8,667 | 10,000 | |||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 2,312 | 20,357 | 20,200 | 12,425 | 3,970 | ||||||||||
| provisions | 2,503 | ||||||||||||||
| total long term liabilities | 5,132 | 4,958 | 8,667 | 30,357 | 22,703 | 12,425 | 3,970 | ||||||||
| total liabilities | 7,325 | 7,983 | 9,964 | 40,166 | 25,965 | 20,878 | 19,220 | 14,145 | 12,376 | 15,790 | 8,837 | 19,061 | 13,060 | 11,402 | 4,828 |
| net assets | -7,325 | -7,325 | -6,108 | 394 | 528 | 3,541 | 4,089 | 8,726 | 1,305 | 229 | -703 | 2,897 | 8,602 | -862 | -2,218 |
| total shareholders funds | -7,325 | -7,325 | -6,108 | 394 | 528 | 3,541 | 4,089 | 8,726 | 1,305 | 229 | -703 | 2,897 | 8,602 | -862 | -2,218 |
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 1,110 | 3,316 | 2,063 | 2,472 | 1,172 | 1,196 | 4,230 | 5,637 | 2,937 | 778 | |||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -225 | 225 | |||||||||||||
| Debtors | -250 | -545 | -5,153 | 815 | 3,379 | 1,754 | -1,205 | 1,205 | |||||||
| Creditors | -832 | 395 | 630 | -152 | -8,301 | -6,797 | 1,105 | 1,769 | -3,414 | 6,953 | -10,224 | 6,001 | 1,658 | 6,574 | 4,828 |
| Accruals and Deferred Income | -667 | -8,292 | 6,699 | 2,260 | |||||||||||
| Deferred Taxes & Provisions | -2,503 | 2,503 | |||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -372 | -3,484 | 3,856 | ||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -2,138 | -3,709 | -1,333 | 10,000 | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 2,312 | -20,357 | 157 | 7,775 | 8,455 | 3,970 | |||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -24,092 | 15,939 | 8,153 | -910 | -1,073 | 1,582 | -8,870 | 5,731 | 1,813 | 1,451 | 276 | ||||
| overdraft | 2,000 | -850 | 850 | ||||||||||||
| change in cash | -2,000 | -23,242 | 15,939 | 7,303 | -910 | -1,073 | 1,582 | -8,870 | 5,731 | 1,813 | 1,451 | 276 |
ace bars limited Credit Report and Business Information
Ace Bars Limited Competitor Analysis
Perform a competitor analysis for ace bars limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in WN7 area or any other competitors across 12 key performance metrics.
ace bars limited Ownership
ACE BARS LIMITED group structure
Ace Bars Limited has no subsidiary companies.
Ultimate parent company
ACE BARS LIMITED
06900424
ace bars limited directors
Ace Bars Limited currently has 1 director, Mr Anthony Morris serving since May 2009.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Anthony Morris | England | 50 years | May 2009 | - | Director |
P&L
May 2024turnover
1.4k
-81%
operating profit
662.5
0%
gross margin
34.9%
-1.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
-7.3k
0%
total assets
0
-1%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
ace bars limited company details
company number
06900424
Type
Private limited with Share Capital
industry
56290 - Other food service activities
56210 - Event catering activities
incorporation date
May 2009
age
16
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2024
previous names
N/A
accountant
-
auditor
-
address
55 hand lane, pennington, leigh, lancashire, WN7 3NA
Bank
-
Legal Advisor
-
ace bars 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 did not find charges/mortgages relating to ace bars limited.
ace bars 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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ace bars limited Companies House Filings - See Documents
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