overgate catering limited
overgate catering limited Company Information
Company Number
08728559
Website
-Registered Address
the atrium, 29a, kentish town road, london, NW1 8NL
Industry
Unlicensed restaurants and cafes
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
bassam elia 50%
menashe sadik 50%
overgate catering limited Estimated Valuation
Pomanda estimates the enterprise value of OVERGATE CATERING LIMITED at £72.6k based on a Turnover of £58.2k and 1.25x industry multiple (adjusted for size and gross margin).
overgate catering limited Estimated Valuation
Pomanda estimates the enterprise value of OVERGATE CATERING LIMITED at £0 based on an EBITDA of £-3.8k and a 6.32x industry multiple (adjusted for size and gross margin).
overgate catering limited Estimated Valuation
Pomanda estimates the enterprise value of OVERGATE CATERING LIMITED at £0 based on Net Assets of £-116 and 3.47x industry multiple (adjusted for liquidity).
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Overgate Catering Limited Overview
Overgate Catering Limited is a live company located in london, NW1 8NL with a Companies House number of 08728559. It operates in the unlicenced restaurants and cafes sector, SIC Code 56102. Founded in October 2013, it's largest shareholder is bassam elia with a 50% stake. Overgate Catering Limited is a established, micro sized company, Pomanda has estimated its turnover at £58.2k with low growth in recent years.
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Overgate Catering Limited Health Check
Pomanda's financial health check has awarded Overgate Catering 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
1 Strong
1 Regular
7 Weak
Size
annual sales of £58.2k, make it smaller than the average company (£349.4k)
£58.2k - Overgate Catering Limited
£349.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (9.9%)
2% - Overgate Catering Limited
9.9% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (62%)
100% - Overgate Catering Limited
62% - Industry AVG
Profitability
an operating margin of -7% make it less profitable than the average company (0.7%)
-7% - Overgate Catering Limited
0.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (14)
- Overgate Catering Limited
14 - Industry AVG
Pay Structure
on an average salary of £11.5k, the company has an equivalent pay structure (£11.5k)
- Overgate Catering Limited
£11.5k - Industry AVG
Efficiency
resulting in sales per employee of £29.1k, this is less efficient (£37.7k)
- Overgate Catering Limited
£37.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Overgate Catering Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Overgate Catering Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Overgate Catering Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (33 weeks)
1 weeks - Overgate Catering Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.4%, this is a higher level of debt than the average (76.8%)
100.4% - Overgate Catering Limited
76.8% - Industry AVG
OVERGATE CATERING LIMITED financials
Overgate Catering Limited's latest turnover from April 2023 is £58.2 thousand and the company has net assets of -£116. According to their latest financial statements, we estimate that Overgate Catering Limited has 2 employees and maintains cash reserves of £695 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 58,171 | 65,013 | 40,672 | 54,302 | 44,665 | 46,135 | 87,192 | ||
| Other Income Or Grants | 0 | ||||||||
| Cost Of Sales | 0 | ||||||||
| Gross Profit | 58,171 | ||||||||
| Admin Expenses | 62,254 | ||||||||
| Operating Profit | -4,083 | -750 | -438 | -1,488 | -504 | 249 | 6,496 | ||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Pre-Tax Profit | -4,083 | -750 | -438 | -1,488 | -504 | 249 | 6,496 | ||
| Tax | 0 | 0 | 0 | 0 | 0 | -143 | -1,410 | ||
| Profit After Tax | -4,083 | -750 | -438 | -1,488 | -504 | 106 | 5,086 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -4,083 | -750 | -438 | -1,488 | -504 | 106 | 5,086 | ||
| Employee Costs | |||||||||
| Number Of Employees | |||||||||
| EBITDA* | -3,820 | -515 | -127 | -1,209 | 0 | 753 | 7,070 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,330 | 2,593 | 2,105 | 2,416 | 2,695 | 3,199 | 2,494 | 3,068 | 3,451 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 24,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 26,330 | 2,593 | 2,105 | 2,416 | 2,695 | 3,199 | 2,494 | 3,068 | 3,451 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49,609 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,256 | 31,087 | 37,636 | 32,808 | 33,582 | 26,407 | 27,333 | 29,500 | 0 |
| Cash | 695 | 656 | 416 | 35 | 43 | 173 | 165 | 1,164 | 17,950 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 536 | 0 |
| total current assets | 3,951 | 31,743 | 38,052 | 32,843 | 33,625 | 26,580 | 27,498 | 31,200 | 67,559 |
| total assets | 30,281 | 34,336 | 40,157 | 35,259 | 36,320 | 29,779 | 29,992 | 34,268 | 71,010 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 10,000 | 0 | 5,000 | 1 | 499 | 0 | 69,418 |
| Group/Directors Accounts | 26,617 | 28,972 | 25,441 | 24,514 | 23,653 | 21,476 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,780 | 1,397 | 0 | 5,592 | 1,026 | 1,157 | 22,454 | 32,315 | 0 |
| total current liabilities | 30,397 | 30,369 | 35,441 | 30,106 | 29,679 | 22,634 | 22,953 | 32,315 | 69,418 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 30,397 | 30,369 | 35,441 | 30,106 | 29,679 | 22,634 | 22,953 | 32,315 | 69,418 |
| net assets | -116 | 3,967 | 4,716 | 5,153 | 6,641 | 7,145 | 7,039 | 1,953 | 1,592 |
| total shareholders funds | -116 | 3,967 | 4,716 | 5,153 | 6,641 | 7,145 | 7,039 | 1,953 | 1,592 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -4,083 | -750 | -438 | -1,488 | -504 | 249 | 6,496 | ||
| Depreciation | 263 | 235 | 311 | 279 | 504 | 504 | 574 | 383 | 383 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | -143 | -1,410 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -3,831 | -6,549 | 4,828 | -774 | 7,175 | -926 | 27,333 | -20,109 | 49,609 |
| Creditors | 0 | -10,000 | 10,000 | -5,000 | 4,999 | -498 | 499 | -69,418 | 69,418 |
| Accruals and Deferred Income | 2,383 | 1,397 | -5,592 | 4,566 | -131 | -21,297 | 22,454 | 32,315 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,394 | -2,569 | -547 | -869 | -2,307 | -20,259 | 1,280 | ||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -2,355 | 3,531 | 927 | 861 | 2,177 | 21,476 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| cash flow from financing | -2,355 | 3,532 | 928 | 861 | 2,177 | 21,476 | 1,953 | ||
| cash and cash equivalents | |||||||||
| cash | 39 | 240 | 381 | -8 | -130 | 8 | 165 | -16,786 | 17,950 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 39 | 240 | 381 | -8 | -130 | 8 | 165 | -16,786 | 17,950 |
overgate catering limited Credit Report and Business Information
Overgate Catering Limited Competitor Analysis
Perform a competitor analysis for overgate catering limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in NW1 area or any other competitors across 12 key performance metrics.
overgate catering limited Ownership
OVERGATE CATERING LIMITED group structure
Overgate Catering Limited has no subsidiary companies.
Ultimate parent company
2 parents
OVERGATE CATERING LIMITED
08728559
overgate catering limited directors
Overgate Catering Limited currently has 2 directors. The longest serving directors include Mr Menashe Sadik (Oct 2013) and Mr Bassam Elia (Oct 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Menashe Sadik | United Kingdom | 53 years | Oct 2013 | - | Director |
| Mr Bassam Elia | United Kingdom | 59 years | Oct 2013 | - | Director |
P&L
April 2023turnover
58.2k
-11%
operating profit
-4.1k
+444%
gross margin
100%
%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-116
-1.03%
total assets
30.3k
-0.12%
cash
695
+0.06%
net assets
Total assets minus all liabilities
Similar Companies
overgate catering limited company details
company number
08728559
Type
Private limited with Share Capital
industry
56102 - Unlicensed restaurants and cafes
incorporation date
October 2013
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2023
previous names
N/A
accountant
-
auditor
HAYSMACINTYRE LLP
address
the atrium, 29a, kentish town road, london, NW1 8NL
Bank
-
Legal Advisor
-
overgate catering 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 2 charges/mortgages relating to overgate catering limited. Currently there are 2 open charges and 0 have been satisfied in the past.
overgate catering limited Companies House Filings - See Documents
| date | description | view/download |
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