Eastern Fine Food Ltd

POWER SEARCH PRICING

SOLUTIONS

eastern fine food ltd Company Information

Live

EstablishedSmallHealthy

Company Number

07655700

Website

Registered Address

293 green lanes, palmers green, london, N13 4XS

Industry

Unlicensed restaurants and cafes

Telephone

Next Accounts Due

April 2025

Group Structure

View All

Directors

Dogan Merel12 Years

Mehmet Merel8 Years

View All

Shareholders

gokhan merel 34%

mehmet merel 33%

View All

eastern fine food ltd Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of EASTERN FINE FOOD LTD at £1.1m based on a Turnover of £1.1m and 0.92x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Eastern Fine Food Ltd AI Business Plan

In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.

View Sample

Eastern Fine Food Ltd is a live company located in london, N13 4XS with a Companies House number of 07655700. It operates in the unlicenced restaurants and cafes sector, SIC Code 56102. Founded in June 2011, it's largest shareholder is gokhan merel with a 34% stake. Eastern Fine Food Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.1m with healthy growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Eastern Fine Food Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

2 Weak

Size

annual sales of £1.1m, make it larger than the average company (£409.9k)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (10.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for eastern fine food ltd. Get real-time insights into eastern fine food ltd's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for eastern fine food ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

EASTERN FINE FOOD LTD group structure

Eastern Fine Food Ltd has no subsidiary companies.

Ultimate parent company

EASTERN FINE FOOD LTD

07655700

EASTERN FINE FOOD LTD Shareholders

gokhan merel	34%
mehmet merel	33%
dogan merel	33%

Eastern Fine Food Ltd currently has 3 directors. The longest serving directors include Mr Dogan Merel (Jun 2011) and Mr Mehmet Merel (Feb 2016).

officer	country	age	start	end	role
Mr Dogan Merel	England	41 years	Jun 2011	-	Director
Mr Mehmet Merel	England	50 years	Feb 2016	-	Director
Mr Gokhan Merel	England	31 years	Jul 2021	-	Director

EXPORT

Eastern Fine Food Ltd's latest turnover from July 2023 is estimated at £1.1 million and the company has net assets of £276.5 thousand. According to their latest financial statements, Eastern Fine Food Ltd has 18 employees and maintains cash reserves of £74.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012
Turnover	1,149,280	789,774	575,672	853,385	912,881	899,397	955,524	1,341,388	1,484,649	1,336,135	1,285,800	1,305,530
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	460,948	283,877	222,074	330,997	328,284	323,478	343,673	491,261	524,090	520,134	473,109	473,211
Gross Profit	688,332	505,898	353,598	522,388	584,597	575,919	611,852	850,126	960,558	816,001	812,691	832,319
Admin Expenses	669,992	535,524	239,813	408,713	582,991	571,392	575,089	886,032	934,385	789,139	771,919	786,158
Operating Profit	18,340	-29,626	113,785	113,675	1,606	4,527	36,763	-35,906	26,173	26,862	40,772	46,161
Interest Payable	1,301	857	0	152	730	1,506	994	69	0	0	0	0
Interest Receivable	2,893	2,223	278	130	144	147	58	48	50	45	68	47
Pre-Tax Profit	19,932	-28,261	114,063	113,653	1,020	3,168	35,827	-35,927	26,224	26,906	40,840	46,208
Tax	-4,983	0	-21,672	-21,594	-194	-602	-6,807	0	-5,245	-5,650	-9,393	-11,090
Profit After Tax	14,949	-28,261	92,391	92,059	826	2,566	29,020	-35,927	20,979	21,256	31,447	35,118
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	14,949	-28,261	92,391	92,059	826	2,566	29,020	-35,927	20,979	21,256	31,447	35,118
Employee Costs	206,493	205,221	197,535	271,865	235,039	229,816	253,002	409,740	439,143	390,417	365,971	384,556
Number Of Employees	18	18	18	24	22	22	24	41	44	41	38	39
EBITDA*	24,837	-21,101	122,179	121,781	10,832	15,084	50,128	-18,978	47,277	42,757	51,198	57,395

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012
Tangible Assets	23,690	30,187	30,212	29,775	33,549	34,958	43,807	47,785	60,313	44,684	31,276	33,702
Intangible Assets	0	0	0	0	0	0	1,000	2,000	3,000	4,000	5,000	5,000
Investments & Other	0	0	0	0	0	0	0	35,000	35,000	35,000	35,000	0
Debtors (Due After 1 year)	336,950	337,326	46,900	43,900	43,900	50,000	50,000	0	0	0	0	0
Total Fixed Assets	360,640	367,513	77,112	73,675	77,449	84,958	94,807	84,785	98,313	83,684	71,276	38,702
Stock & work in progress	135,000	55,000	49,757	51,911	112,146	105,451	100,622	82,536	69,314	39,587	33,896	23,004
Trade Debtors	0	0	0	0	0	0	0	21,690	22,360	22,440	25,230	18,670
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	11,696	10,116	4,753	10,614	5,771	23,232	21,940	0	0	0	0	0
Cash	74,484	41,230	314,410	242,445	17,512	20,916	37,954	8,777	10,556	9,637	8,256	18,955
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	221,180	106,346	368,920	304,970	135,429	149,599	160,516	113,003	102,230	71,664	67,382	60,629
total assets	581,820	473,859	446,032	378,645	212,878	234,557	255,323	197,788	200,543	155,348	138,658	99,331
Bank overdraft	0	23,654	0	0	4,976	16,652	29,691	2,126	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	264,338	130,825	90,515	93,370	83,694	89,512	93,780	88,780	78,713	67,427	71,993	64,113
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	37,494	53,186	61,137	83,449	13,803	18,626	20,830	15,863	0	0	0	0
total current liabilities	301,832	207,665	151,652	176,819	102,473	124,790	144,301	106,769	78,713	67,427	71,993	64,113
loans	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	3,236	8,089	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	12,930	0	0	0
provisions	3,465	4,620	4,545	4,382	5,020	5,208	5,793	9,957	0	0	0	0
total long term liabilities	3,465	4,620	4,545	4,382	5,020	5,208	9,029	18,046	12,930	0	0	0
total liabilities	305,297	212,285	156,197	181,201	107,493	129,998	153,330	124,815	91,643	67,427	71,993	64,113
net assets	276,523	261,574	289,835	197,444	105,385	104,559	101,993	72,973	108,900	87,921	66,665	35,218
total shareholders funds	276,523	261,574	289,835	197,444	105,385	104,559	101,993	72,973	108,900	87,921	66,665	35,218

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012
Operating Activities
Operating Profit	18,340	-29,626	113,785	113,675	1,606	4,527	36,763	-35,906	26,173	26,862	40,772	46,161
Depreciation	6,497	8,525	8,394	8,106	9,226	9,557	12,365	15,928	20,104	14,895	10,426	11,234
Amortisation	0	0	0	0	0	1,000	1,000	1,000	1,000	1,000	0	0
Tax	-4,983	0	-21,672	-21,594	-194	-602	-6,807	0	-5,245	-5,650	-9,393	-11,090
Stock	80,000	5,243	-2,154	-60,235	6,695	4,829	18,086	13,222	29,727	5,691	10,892	23,004
Debtors	1,204	295,789	-2,861	4,843	-23,561	1,292	50,250	-670	-80	-2,790	6,560	18,670
Creditors	133,513	40,310	-2,855	9,676	-5,818	-4,268	5,000	10,067	11,286	-4,566	7,880	64,113
Accruals and Deferred Income	-15,692	-7,951	-22,312	69,646	-4,823	-2,204	4,967	15,863	0	0	0	0
Deferred Taxes & Provisions	-1,155	75	163	-638	-188	-585	-4,164	9,957	0	0	0	0
Cash flow from operations	55,316	-289,699	80,518	234,263	16,675	1,304	-19,212	4,357	23,671	29,640	32,233	68,744
Investing Activities
capital expenditure	0	-8,500	-8,831	-4,332	-7,817	-708	-8,387	-3,400	-35,733	-28,303	-8,000	-49,936
Change in Investments	0	0	0	0	0	0	-35,000	0	0	0	35,000	0
cash flow from investments	0	-8,500	-8,831	-4,332	-7,817	-708	26,613	-3,400	-35,733	-28,303	-43,000	-49,936
Financing Activities
Bank loans	0	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	-3,236	-4,853	8,089	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-12,930	12,930	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	100
interest	1,592	1,366	278	-22	-586	-1,359	-936	-21	50	45	68	47
cash flow from financing	1,592	1,366	278	-22	-586	-4,595	-5,789	-4,862	12,980	45	68	147
cash and cash equivalents
cash	33,254	-273,180	71,965	224,933	-3,404	-17,038	29,177	-1,779	919	1,381	-10,699	18,955
overdraft	-23,654	23,654	0	-4,976	-11,676	-13,039	27,565	2,126	0	0	0	0
change in cash	56,908	-296,834	71,965	229,909	8,272	-3,999	1,612	-3,905	919	1,381	-10,699	18,955

P&L

July 2023

turnover

1.1m

+46%

operating profit

18.3k

gross margin

59.9%

-6.5%

turnover

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

Balance Sheet

July 2023

net assets

276.5k

+0.06%

total assets

581.8k

+0.23%

cash

74.5k

+0.81%

net assets

Total assets minus all liabilities

Similar Companies

Agree?

palm vaults limited

the works group limited

117 benwell ltd

paperback ink ltd

aarna enterprise limited

2.5

company number

07655700

Type

Private limited with Share Capital

industry

56102 - Unlicensed restaurants and cafes

incorporation date

June 2011

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

293 green lanes, palmers green, london, N13 4XS

last accounts submitted

July 2023

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 eastern fine food ltd.

eastern fine food ltd Company Information

eastern fine food ltd Estimated Valuation

eastern fine food ltd Estimated Valuation

eastern fine food ltd Estimated Valuation

Eastern Fine Food Ltd AI Business Plan

Eastern Fine Food Ltd Overview

Eastern Fine Food Ltd Health Check

eastern fine food ltd Credit Report and Business Information

Eastern Fine Food Ltd Competitor Analysis

eastern fine food ltd Ownership

eastern fine food ltd directors

EASTERN FINE FOOD LTD financials

eastern fine food ltd company details

eastern fine food ltd Charges & Mortgages

eastern fine food ltd Companies House Filings - See Documents