Vernes Restaurant & Tea Rooms Limited

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vernes restaurant & tea rooms limited Company Information

Company Number

07178364

Next Accounts

Dec 2025

Directors

Craig Whitehouse

Julie Willis

Shareholders

julie willis

craig whitehouse

Group Structure

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Industry

Unlicensed restaurants and cafes

Registered Address

9 lydcott crescent, widegates, looe, cornwall, PL13 1QG

Website

vernes restaurant & tea rooms limited Estimated Valuation

£175.2k

Pomanda estimates the enterprise value of VERNES RESTAURANT & TEA ROOMS LIMITED at £175.2k based on a Turnover of £298.5k and 0.59x industry multiple (adjusted for size and gross margin).

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Vernes Restaurant & Tea Rooms Limited is a live company located in looe, PL13 1QG with a Companies House number of 07178364. It operates in the unlicenced restaurants and cafes sector, SIC Code 56102. Founded in March 2010, it's largest shareholder is julie willis with a 50% stake. Vernes Restaurant & Tea Rooms Limited is a established, micro sized company, Pomanda has estimated its turnover at £298.5k with healthy growth in recent years.

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Pomanda's financial health check has awarded Vernes Restaurant & Tea Rooms Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £298.5k, make it in line with the average company (£349.6k)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a slower rate (19.3%)

EXPORT

Vernes Restaurant & Tea Rooms Limited's latest turnover from March 2024 is estimated at £298.5 thousand and the company has net assets of -£32.6 thousand. According to their latest financial statements, Vernes Restaurant & Tea Rooms Limited has 10 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	298,470	286,933	264,667	199,570	222,678	420,186	212,687	109,053	66,535	135,037	68,762	71,919	87,519	67,125
Other Income Or Grants
Cost Of Sales	185,513	177,122	150,740	123,411	129,345	239,463	120,099	61,473	38,783	75,879	38,176	40,010	49,163	35,566
Gross Profit	112,958	109,812	113,927	76,159	93,333	180,722	92,588	47,580	27,752	59,158	30,586	31,909	38,356	31,558
Admin Expenses	132,466	149,664	129,079	44,448	164,001	106,602	85,925	23,545	32,024	75,346	8,856	36,407	25,646	30,180
Operating Profit	-19,508	-39,852	-15,152	31,711	-70,668	74,120	6,663	24,035	-4,272	-16,188	21,730	-4,498	12,710	1,378
Interest Payable
Interest Receivable							20	10	1		8	35	34	7
Pre-Tax Profit	-19,508	-39,852	-15,152	31,711	-70,668	74,120	6,683	24,045	-4,271	-16,188	21,738	-4,463	12,745	1,385
Tax				-6,025		-14,083	-1,270	-4,809			-5,000		-3,314	-388
Profit After Tax	-19,508	-39,852	-15,152	25,686	-70,668	60,037	5,413	19,236	-4,271	-16,188	16,738	-4,463	9,431	997
Dividends Paid
Retained Profit	-19,508	-39,852	-15,152	25,686	-70,668	60,037	5,413	19,236	-4,271	-16,188	16,738	-4,463	9,431	997
Employee Costs	120,304	81,310	114,631	90,225	91,459	108,232	53,663	31,898	20,564	30,216	19,104	19,750	29,569	20,353
Number Of Employees	10	7	10	8	8	10	5	3	2	3	2	2	3	2
EBITDA*	-19,508	-39,852	-15,152	31,711	-70,668	74,120	6,663	24,035	4,468	-7,599	28,883	-962	15,128	3,663

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	85,426	99,750	169,974	175,749	154,924	198,147	152,148	43,882	26,603	28,828	31,267	15,920	13,694	14,422
Intangible Assets								105,000	105,000	105,000	105,000	105,000	105,000	93,333
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	85,426	99,750	169,974	175,749	154,924	198,147	152,148	148,882	131,603	133,828	136,267	120,920	118,694	107,755
Stock & work in progress								4,857	6,017	5,142	5,017	3,500	3,500	3,500
Trade Debtors	31,264	48,529	27,950	33,239	13,552	33,145	16,912		239	7,664	1,459	3,020	1,050	1,014
Group Debtors
Misc Debtors
Cash								7,937	196	138		3,228	10,810	2,884
misc current assets								9,864
total current assets	31,264	48,529	27,950	33,239	13,552	33,145	16,912	22,658	6,452	12,944	6,476	9,748	15,360	7,398
total assets	116,690	148,279	197,924	208,988	168,476	231,292	169,060	171,540	138,055	146,772	142,743	130,668	134,054	115,153
Bank overdraft
Bank loan
Trade Creditors	108,163	115,534	118,371	105,369	125,929	91,552	90,646	103,319	110,652	107,017	75,811	84,790	123,526	114,056
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	108,163	115,534	118,371	105,369	125,929	91,552	90,646	103,319	110,652	107,017	75,811	84,790	123,526	114,056
loans
hp & lease commitments
Accruals and Deferred Income						5,145
other liabilities	41,091	45,801	52,757	61,671	26,285	47,665	51,521	46,641	25,059	33,140	44,129	39,813
provisions
total long term liabilities	41,091	45,801	52,757	61,671	26,285	52,810	51,521	46,641	25,059	33,140	44,129	39,813
total liabilities	149,254	161,335	171,128	167,040	152,214	144,362	142,167	149,960	135,711	140,157	119,940	124,603	123,526	114,056
net assets	-32,564	-13,056	26,796	41,948	16,262	86,930	26,893	21,580	2,344	6,615	22,803	6,065	10,528	1,097
total shareholders funds	-32,564	-13,056	26,796	41,948	16,262	86,930	26,893	21,580	2,344	6,615	22,803	6,065	10,528	1,097

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Operating Activities
Operating Profit	-19,508	-39,852	-15,152	31,711	-70,668	74,120	6,663	24,035	-4,272	-16,188	21,730	-4,498	12,710	1,378
Depreciation									8,740	8,589	7,153	3,536	2,418	2,285
Amortisation
Tax				-6,025		-14,083	-1,270	-4,809			-5,000		-3,314	-388
Stock							-4,857	-1,160	875	125	1,517			3,500
Debtors	-17,265	20,579	-5,289	19,687	-19,593	16,233	16,912	-239	-7,425	6,205	-1,561	1,970	36	1,014
Creditors	-7,371	-2,837	13,002	-20,560	34,377	906	-12,673	-7,333	3,635	31,206	-8,979	-38,736	9,470	114,056
Accruals and Deferred Income					-5,145	5,145
Deferred Taxes & Provisions
Cash flow from operations	-9,614	-63,268	3,139	-14,561	-21,843	49,855	-19,335	13,292	14,653	17,277	14,948	-41,668	21,248	112,817
Investing Activities
capital expenditure	14,324	70,224	5,775	-20,825	43,223	-45,999	-3,266	-17,279	-6,515	-6,150	-22,500	-5,762	-13,357	-110,040
Change in Investments
cash flow from investments	14,324	70,224	5,775	-20,825	43,223	-45,999	-3,266	-17,279	-6,515	-6,150	-22,500	-5,762	-13,357	-110,040
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	-4,710	-6,956	-8,914	35,386	-21,380	-3,856	4,880	21,582	-8,081	-10,989	4,316	39,813
share issue							-100							100
interest							20	10	1		8	35	34	7
cash flow from financing	-4,710	-6,956	-8,914	35,386	-21,380	-3,856	4,800	21,592	-8,080	-10,989	4,324	39,848	34	107
cash and cash equivalents
cash							-7,937	7,741	58	138	-3,228	-7,582	7,926	2,884
overdraft
change in cash							-7,937	7,741	58	138	-3,228	-7,582	7,926	2,884

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VERNES RESTAURANT & TEA ROOMS LIMITED group structure

Vernes Restaurant & Tea Rooms Limited has no subsidiary companies.

Ultimate parent company

VERNES RESTAURANT & TEA ROOMS LIMITED

07178364

VERNES RESTAURANT & TEA ROOMS LIMITED Shareholders

julie willis	50%
craig whitehouse	50%

Vernes Restaurant & Tea Rooms Limited currently has 2 directors. The longest serving directors include Mr Craig Whitehouse (Mar 2010) and Ms Julie Willis (Mar 2010).

officer	country	age	start	end	role
Mr Craig Whitehouse	England	50 years	Mar 2010	-	Director
Ms Julie Willis	England	53 years	Mar 2010	-	Director

P&L

March 2024

turnover

298.5k

+4%

operating profit

-19.5k

gross margin

37.9%

-1.11%

turnover

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

Balance Sheet

March 2024

net assets

-32.6k

+1.49%

total assets

116.7k

-0.21%

cash

net assets

Total assets minus all liabilities

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company number

07178364

Type

Private limited with Share Capital

industry

56102 - Unlicensed restaurants and cafes

incorporation date

March 2010

ultimate parent company

None

previous names

N/A

address

9 lydcott crescent, widegates, looe, cornwall, PL13 1QG

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 vernes restaurant & tea rooms limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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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vernes restaurant & tea rooms limited Company Information

vernes restaurant & tea rooms limited Estimated Valuation

vernes restaurant & tea rooms limited Estimated Valuation

vernes restaurant & tea rooms limited Estimated Valuation

Vernes Restaurant & Tea Rooms Limited Overview

Vernes Restaurant & Tea Rooms Limited Health Check

VERNES RESTAURANT & TEA ROOMS LIMITED financials

vernes restaurant & tea rooms limited Credit Report and Business Information

Vernes Restaurant & Tea Rooms Limited Competitor Analysis

vernes restaurant & tea rooms limited Ownership

vernes restaurant & tea rooms limited directors

vernes restaurant & tea rooms limited company details

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