Savemore Spicyfoods Ltd

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savemore spicyfoods ltd Company Information

Live

EstablishedSmallDeclining

Company Number

08120227

Website

Registered Address

7-15 greatorex street, london, E1 5NF

Industry

Other retail sale in non-specialised stores

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Khalid Butt11 Years

Sajid Butt11 Years

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Shareholders

rashid mustaq butt 34%

khalid jamil butt 33%

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savemore spicyfoods ltd Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of SAVEMORE SPICYFOODS LTD at £2.5m based on Net Assets of £585.8k and 4.26x industry multiple (adjusted for liquidity).

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Savemore Spicyfoods Ltd is a live company located in london, E1 5NF with a Companies House number of 08120227. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in June 2012, it's largest shareholder is rashid mustaq butt with a 34% stake. Savemore Spicyfoods Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Savemore Spicyfoods Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

1 Regular

4 Weak

Size

annual sales of £1.9m, make it larger than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (1.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SAVEMORE SPICYFOODS LTD group structure

Savemore Spicyfoods Ltd has no subsidiary companies.

Ultimate parent company

SAVEMORE SPICYFOODS LTD

08120227

SAVEMORE SPICYFOODS LTD Shareholders

rashid mustaq butt	34%
khalid jamil butt	33%
sajid butt	33%

Savemore Spicyfoods Ltd currently has 3 directors. The longest serving directors include Mr Khalid Butt (Jun 2012) and Mr Sajid Butt (Jun 2012).

officer	country	age	start	end	role
Mr Khalid Butt	United Kingdom	56 years	Jun 2012	-	Director
Mr Sajid Butt	United Kingdom	64 years	Jun 2012	-	Director
Mr Rashid Butt	United Kingdom	59 years	Jun 2012	-	Director

EXPORT

Savemore Spicyfoods Ltd's latest turnover from March 2023 is estimated at £1.9 million and the company has net assets of £585.8 thousand. According to their latest financial statements, Savemore Spicyfoods Ltd has 17 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Turnover	1,860,902	1,347,312	1,324,042	2,032,789	1,432,932	1,564,797	1,519,543	660,507	1,021,438	819,391
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,339,415	970,436	983,666	1,432,900	1,024,053	1,121,182	1,079,612	469,831	732,678	586,894
Gross Profit	521,487	376,876	340,376	599,890	408,879	443,615	439,931	190,675	288,760	232,497
Admin Expenses	376,013	259,344	176,746	501,712	348,911	392,225	393,354	152,257	287,938	231,151
Operating Profit	145,474	117,532	163,630	98,178	59,968	51,390	46,577	38,418	822	1,346
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	57	247	408	275
Pre-Tax Profit	145,474	117,532	163,630	98,178	59,968	51,390	46,634	38,665	1,230	1,621
Tax	-27,640	-22,331	-31,090	-18,654	-11,394	-9,764	-9,327	-7,733	-258	-373
Profit After Tax	117,834	95,201	132,540	79,524	48,574	41,626	37,307	30,932	972	1,248
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	117,834	95,201	132,540	79,524	48,574	41,626	37,307	30,932	972	1,248
Employee Costs	319,527	315,478	298,662	303,704	288,265	203,703	182,408	83,123	116,341	98,649
Number Of Employees	17	17	17	17	16	12	11	5	7	6
EBITDA*	145,474	117,532	163,630	98,178	59,968	51,390	46,577	39,804	2,511	3,406

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Tangible Assets	497,005	476,868	455,535	456,959	458,694	453,300	454,232	130,368	131,754	133,443
Intangible Assets	0	0	0	0	0	0	0	325,000	325,000	325,000
Investments & Other	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
Total Fixed Assets	497,005	476,868	455,535	456,959	458,694	453,300	454,232	455,368	456,754	458,443
Stock & work in progress	0	0	0	0	0	0	0	65,136	70,147	70,985
Trade Debtors	506,944	387,379	311,188	369,704	201,361	149,261	127,162	2,266	0	1,717
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	45,424	53,368	109,917
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	506,944	387,379	311,188	369,704	201,361	149,261	127,162	112,826	123,515	182,619
total assets	1,003,949	864,247	766,723	826,663	660,055	602,561	581,394	568,194	580,269	641,062
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	386,826	354,309	344,000	586,480	499,396	490,476	510,935	534,942	577,949	639,714
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0
total current liabilities	386,826	354,309	344,000	586,480	499,396	490,476	510,935	534,942	577,949	639,714
loans	0	0	0	0	0	0	0	0	0	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	31,365	42,014	50,000	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	31,365	42,014	50,000	0	0	0	0	0	0	0
total liabilities	418,191	396,323	394,000	586,480	499,396	490,476	510,935	534,942	577,949	639,714
net assets	585,758	467,924	372,723	240,183	160,659	112,085	70,459	33,252	2,320	1,348
total shareholders funds	585,758	467,924	372,723	240,183	160,659	112,085	70,459	33,252	2,320	1,348

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Operating Activities
Operating Profit	145,474	117,532	163,630	98,178	59,968	51,390	46,577	38,418	822	1,346	0
Depreciation	0	0	0	0	0	0	0	1,386	1,689	2,060	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-27,640	-22,331	-31,090	-18,654	-11,394	-9,764	-9,327	-7,733	-258	-373	0
Stock	0	0	0	0	0	0	-65,136	-5,011	-838	70,985	0
Debtors	119,565	76,191	-58,516	168,343	52,100	22,099	124,896	2,266	-1,717	1,717	0
Creditors	32,517	10,309	-242,480	87,084	8,920	-20,459	-24,007	-43,007	-61,765	639,714	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	30,786	29,319	-51,424	-1,735	5,394	-932	-46,517	-8,191	-56,957	570,045	0
Investing Activities
capital expenditure	-20,137	-21,333	1,424	1,735	-5,394	932	1,136	0	0	-460,503	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-20,137	-21,333	1,424	1,735	-5,394	932	1,136	0	0	-460,503	0
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-10,649	-7,986	50,000	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	100	0
interest	0	0	0	0	0	0	57	247	408	275	0
cash flow from financing	-10,649	-7,986	50,000	0	0	0	-43	247	408	375	0
cash and cash equivalents
cash	0	0	0	0	0	0	-45,424	-7,944	-56,549	109,917	0
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-45,424	-7,944	-56,549	109,917	0

P&L

March 2023

turnover

1.9m

+38%

operating profit

145.5k

gross margin

28.1%

+0.18%

turnover

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

Balance Sheet

March 2023

net assets

585.8k

+0.25%

total assets

+0.16%

cash

net assets

Total assets minus all liabilities

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company number

08120227

Type

Private limited with Share Capital

industry

47190 - Other retail sale in non-specialised stores

incorporation date

June 2012

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

7-15 greatorex street, london, E1 5NF

last accounts submitted

March 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 savemore spicyfoods ltd.

savemore spicyfoods ltd Company Information

savemore spicyfoods ltd Estimated Valuation

savemore spicyfoods ltd Estimated Valuation

savemore spicyfoods ltd Estimated Valuation

Savemore Spicyfoods Ltd AI Business Plan

Savemore Spicyfoods Ltd Overview

Savemore Spicyfoods Ltd Health Check

savemore spicyfoods ltd Credit Report and Business Information

Savemore Spicyfoods Ltd Competitor Analysis

savemore spicyfoods ltd Ownership

savemore spicyfoods ltd directors

SAVEMORE SPICYFOODS LTD financials

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