gusto restaurants group limited
gusto restaurants group limited Company Information
Company Number
08722610
Next Accounts
Jun 2025
Shareholders
palatine private equity fund ii lp
executors of the estate & of timothy bacon
View AllGroup Structure
View All
Industry
Licensed restaurants
Registered Address
81 king street, knutsford, WA16 6DX
Website
-gusto restaurants group limited Estimated Valuation
Pomanda estimates the enterprise value of GUSTO RESTAURANTS GROUP LIMITED at £16.3m based on a Turnover of £26.7m and 0.61x industry multiple (adjusted for size and gross margin).
gusto restaurants group limited Estimated Valuation
Pomanda estimates the enterprise value of GUSTO RESTAURANTS GROUP LIMITED at £0 based on an EBITDA of £-1.4m and a 3.95x industry multiple (adjusted for size and gross margin).
gusto restaurants group limited Estimated Valuation
Pomanda estimates the enterprise value of GUSTO RESTAURANTS GROUP LIMITED at £4.3m based on Net Assets of £1.6m and 2.72x industry multiple (adjusted for liquidity).
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Gusto Restaurants Group Limited Overview
Gusto Restaurants Group Limited is a live company located in knutsford, WA16 6DX with a Companies House number of 08722610. It operates in the licenced restaurants sector, SIC Code 56101. Founded in October 2013, it's largest shareholder is palatine private equity fund ii lp with a 80.3% stake. Gusto Restaurants Group Limited is a established, large sized company, Pomanda has estimated its turnover at £26.7m with declining growth in recent years.
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Gusto Restaurants Group Limited Health Check
Pomanda's financial health check has awarded Gusto Restaurants Group Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £26.7m, make it larger than the average company (£2.6m)
£26.7m - Gusto Restaurants Group Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (6.1%)
-8% - Gusto Restaurants Group Limited
6.1% - Industry AVG
Production
with a gross margin of 6%, this company has a higher cost of product (58.2%)
6% - Gusto Restaurants Group Limited
58.2% - Industry AVG
Profitability
an operating margin of -11.8% make it less profitable than the average company (2.5%)
-11.8% - Gusto Restaurants Group Limited
2.5% - Industry AVG
Employees
with 644 employees, this is above the industry average (54)
644 - Gusto Restaurants Group Limited
54 - Industry AVG
Pay Structure
on an average salary of £17.9k, the company has an equivalent pay structure (£19.9k)
£17.9k - Gusto Restaurants Group Limited
£19.9k - Industry AVG
Efficiency
resulting in sales per employee of £41.4k, this is less efficient (£54.6k)
£41.4k - Gusto Restaurants Group Limited
£54.6k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is later than average (5 days)
19 days - Gusto Restaurants Group Limited
5 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is quicker than average (47 days)
32 days - Gusto Restaurants Group Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (12 days)
5 days - Gusto Restaurants Group Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (13 weeks)
13 weeks - Gusto Restaurants Group Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90%, this is a similar level of debt than the average (83.5%)
90% - Gusto Restaurants Group Limited
83.5% - Industry AVG
GUSTO RESTAURANTS GROUP LIMITED financials
Gusto Restaurants Group Limited's latest turnover from September 2023 is £26.7 million and the company has net assets of £1.6 million. According to their latest financial statements, Gusto Restaurants Group Limited has 644 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 26,679,000 | 24,184,000 | 12,409,000 | 34,779,000 | 32,353,000 | 32,212,000 | 28,392,000 | 22,860,000 | 17,509,000 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | 25,076,000 | 21,830,000 | 9,600,000 | 30,613,000 | 7,091,000 | 7,390,000 | 6,280,000 | 5,097,000 | 3,971,000 |
| Gross Profit | 1,603,000 | 2,354,000 | 2,809,000 | 4,166,000 | 25,262,000 | 24,822,000 | 22,112,000 | 17,763,000 | 13,538,000 |
| Admin Expenses | 4,764,000 | 3,067,000 | 3,644,000 | 2,906,000 | 25,273,000 | 25,581,000 | 21,734,000 | 17,549,000 | 13,299,000 |
| Operating Profit | -3,161,000 | -713,000 | -835,000 | 1,260,000 | -11,000 | -759,000 | 378,000 | 214,000 | 239,000 |
| Interest Payable | 573,000 | 316,000 | 490,000 | 1,402,000 | 2,052,000 | 1,721,000 | 1,765,000 | 1,670,000 | 1,584,000 |
| Interest Receivable | |||||||||
| Pre-Tax Profit | -3,734,000 | -1,029,000 | -1,325,000 | -142,000 | -2,063,000 | -2,480,000 | -1,387,000 | -1,456,000 | -1,345,000 |
| Tax | -1,249,000 | 156,000 | 1,428,000 | 20,000 | 97,000 | -63,000 | -88,000 | -37,000 | 157,000 |
| Profit After Tax | -4,983,000 | -873,000 | 103,000 | -122,000 | -1,966,000 | -2,543,000 | -1,475,000 | -1,493,000 | -1,188,000 |
| Dividends Paid | |||||||||
| Retained Profit | -4,983,000 | -873,000 | 103,000 | -122,000 | -1,966,000 | -2,543,000 | -1,475,000 | -1,493,000 | -1,188,000 |
| Employee Costs | 11,497,000 | 11,514,000 | 8,505,000 | 19,096,000 | 13,650,000 | 12,626,000 | 10,947,000 | 8,536,000 | 6,774,000 |
| Number Of Employees | 644 | 612 | 457 | 710 | 759 | 735 | 631 | 534 | 434 |
| EBITDA* | -1,437,000 | 802,000 | 583,000 | 4,031,000 | 1,897,000 | 1,709,000 | 2,107,000 | 1,872,000 | 1,610,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,592,000 | 7,540,000 | 5,891,000 | 6,299,000 | 12,624,000 | 13,102,000 | 11,590,000 | 9,491,000 | 6,902,000 |
| Intangible Assets | 4,557,000 | 5,010,000 | 5,495,000 | 5,985,000 | 6,713,000 | 7,209,000 | 7,704,000 | 8,199,000 | 8,704,000 |
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 12,149,000 | 12,550,000 | 11,386,000 | 12,284,000 | 19,337,000 | 20,311,000 | 19,294,000 | 17,690,000 | 15,606,000 |
| Stock & work in progress | 381,000 | 325,000 | 259,000 | 219,000 | 311,000 | 330,000 | 263,000 | 215,000 | 167,000 |
| Trade Debtors | 1,445,000 | 49,000 | 13,000 | 4,000 | 213,000 | 96,000 | 79,000 | 201,000 | 146,000 |
| Group Debtors | 28,000 | 32,000 | 82,000 | ||||||
| Misc Debtors | 2,299,000 | 1,549,000 | 508,000 | 982,000 | 1,071,000 | 1,028,000 | 610,000 | 908,000 | |
| Cash | 1,947,000 | 3,312,000 | 5,483,000 | 3,580,000 | 2,560,000 | 2,197,000 | 3,017,000 | 1,495,000 | 1,920,000 |
| misc current assets | |||||||||
| total current assets | 3,773,000 | 5,985,000 | 7,304,000 | 4,311,000 | 4,066,000 | 3,694,000 | 4,415,000 | 2,553,000 | 3,223,000 |
| total assets | 15,922,000 | 18,535,000 | 18,690,000 | 16,595,000 | 23,403,000 | 24,005,000 | 23,709,000 | 20,243,000 | 18,829,000 |
| Bank overdraft | |||||||||
| Bank loan | 752,000 | 188,000 | |||||||
| Trade Creditors | 2,248,000 | 2,331,000 | 1,700,000 | 1,301,000 | 1,853,000 | 1,823,000 | 1,699,000 | 1,273,000 | 1,761,000 |
| Group/Directors Accounts | 16,000 | 53,000 | |||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 5,334,000 | 3,390,000 | 3,513,000 | 2,840,000 | 4,134,000 | 3,945,000 | 3,830,000 | 3,037,000 | 2,281,000 |
| total current liabilities | 7,582,000 | 5,721,000 | 5,213,000 | 4,141,000 | 6,739,000 | 5,956,000 | 5,529,000 | 4,326,000 | 4,095,000 |
| loans | 6,754,000 | 6,245,000 | 6,035,000 | 5,125,000 | 15,941,000 | 23,812,000 | 21,463,000 | 17,813,000 | 15,174,000 |
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | 356,000 | 453,000 | 390,000 | 302,000 | 265,000 | ||||
| total long term liabilities | 6,754,000 | 6,245,000 | 6,035,000 | 5,125,000 | 16,297,000 | 24,265,000 | 21,853,000 | 18,115,000 | 15,439,000 |
| total liabilities | 14,336,000 | 11,966,000 | 11,248,000 | 9,266,000 | 23,036,000 | 30,221,000 | 27,382,000 | 22,441,000 | 19,534,000 |
| net assets | 1,586,000 | 6,569,000 | 7,442,000 | 7,329,000 | 367,000 | -6,216,000 | -3,673,000 | -2,198,000 | -705,000 |
| total shareholders funds | 1,586,000 | 6,569,000 | 7,442,000 | 7,329,000 | 367,000 | -6,216,000 | -3,673,000 | -2,198,000 | -705,000 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -3,161,000 | -713,000 | -835,000 | 1,260,000 | -11,000 | -759,000 | 378,000 | 214,000 | 239,000 |
| Depreciation | 1,271,000 | 1,030,000 | 928,000 | 2,043,000 | 1,412,000 | 1,973,000 | 1,234,000 | 1,153,000 | 886,000 |
| Amortisation | 453,000 | 485,000 | 490,000 | 728,000 | 496,000 | 495,000 | 495,000 | 505,000 | 485,000 |
| Tax | -1,249,000 | 156,000 | 1,428,000 | 20,000 | 97,000 | -63,000 | -88,000 | -37,000 | 157,000 |
| Stock | 56,000 | 66,000 | 40,000 | -92,000 | -19,000 | 67,000 | 48,000 | 48,000 | 167,000 |
| Debtors | -903,000 | 786,000 | 1,050,000 | -683,000 | 28,000 | 32,000 | 292,000 | -293,000 | 1,136,000 |
| Creditors | -83,000 | 631,000 | 399,000 | -552,000 | 30,000 | 124,000 | 426,000 | -488,000 | 1,761,000 |
| Accruals and Deferred Income | 1,944,000 | -123,000 | 673,000 | -1,294,000 | 189,000 | 115,000 | 793,000 | 756,000 | 2,281,000 |
| Deferred Taxes & Provisions | -356,000 | -97,000 | 63,000 | 88,000 | 37,000 | 265,000 | |||
| Cash flow from operations | 22,000 | 614,000 | 1,993,000 | 2,624,000 | 2,107,000 | 1,849,000 | 2,986,000 | 2,385,000 | 4,771,000 |
| Investing Activities | |||||||||
| capital expenditure | -962,000 | -3,603,000 | -3,333,000 | -3,742,000 | -12,783,000 | ||||
| Change in Investments | |||||||||
| cash flow from investments | -962,000 | -3,603,000 | -3,333,000 | -3,742,000 | -12,783,000 | ||||
| Financing Activities | |||||||||
| Bank loans | -752,000 | 564,000 | 188,000 | ||||||
| Group/Directors Accounts | -16,000 | -37,000 | 53,000 | ||||||
| Other Short Term Loans | |||||||||
| Long term loans | 509,000 | 210,000 | 910,000 | -10,816,000 | -7,871,000 | 2,349,000 | 3,650,000 | 2,639,000 | 15,174,000 |
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | -573,000 | -316,000 | -490,000 | -1,402,000 | -2,052,000 | -1,721,000 | -1,765,000 | -1,670,000 | -1,584,000 |
| cash flow from financing | -64,000 | -106,000 | 430,000 | -5,886,000 | -810,000 | 816,000 | 1,869,000 | 932,000 | 14,126,000 |
| cash and cash equivalents | |||||||||
| cash | -1,365,000 | -2,171,000 | 1,903,000 | 1,020,000 | 363,000 | -820,000 | 1,522,000 | -425,000 | 1,920,000 |
| overdraft | |||||||||
| change in cash | -1,365,000 | -2,171,000 | 1,903,000 | 1,020,000 | 363,000 | -820,000 | 1,522,000 | -425,000 | 1,920,000 |
gusto restaurants group limited Credit Report and Business Information
Gusto Restaurants Group Limited Competitor Analysis
Perform a competitor analysis for gusto restaurants group limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other large companies, companies in WA16 area or any other competitors across 12 key performance metrics.
gusto restaurants group limited Ownership
GUSTO RESTAURANTS GROUP LIMITED group structure
Gusto Restaurants Group Limited has 2 subsidiary companies.
Ultimate parent company
GUSTO RESTAURANTS GROUP LIMITED
08722610
2 subsidiaries
gusto restaurants group limited directors
Gusto Restaurants Group Limited currently has 8 directors. The longest serving directors include Mr Jeremy Roberts (Apr 2014) and Mr Kieran Lawton (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jeremy Roberts | United Kingdom | 62 years | Apr 2014 | - | Director |
| Mr Kieran Lawton | England | 46 years | Jan 2017 | - | Director |
| Mr Matthew Snell | England | 47 years | Mar 2018 | - | Director |
| Mr Frank Bandura | United Kingdom | 58 years | Jun 2020 | - | Director |
| Mr Tom Ross-Jones | 40 years | Oct 2020 | - | Director | |
| Ms Ann Elliott | United Kingdom | 68 years | Jul 2021 | - | Director |
| Mr Scott Grimbleby | England | 46 years | Jul 2022 | - | Director |
| Mr Philip Dearden | 64 years | May 2023 | - | Director |
P&L
September 2023turnover
26.7m
+10%
operating profit
-3.2m
+343%
gross margin
6.1%
-38.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
1.6m
-0.76%
total assets
15.9m
-0.14%
cash
1.9m
-0.41%
net assets
Total assets minus all liabilities
Similar Companies
gusto restaurants group limited company details
company number
08722610
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
October 2013
age
12
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
September 2023
previous names
kite topco limited (October 2014)
shoo 587 limited (January 2014)
accountant
-
auditor
GRANT THORNTON UK LLP
address
81 king street, knutsford, WA16 6DX
Bank
SANTANDER CORPORATE BANKING
Legal Advisor
PINSENT MASONS LLP
gusto restaurants group 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 5 charges/mortgages relating to gusto restaurants group limited. Currently there are 4 open charges and 1 have been satisfied in the past.
gusto restaurants group 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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gusto restaurants group limited Companies House Filings - See Documents
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