triangle bars limited
triangle bars limited Company Information
Company Number
08896902
Next Accounts
74 days late
Directors
Shareholders
gary bennetton
mustafa taylan temel
Group Structure
View All
Industry
Licensed clubs
Registered Address
1580 parkway, solent business park,whiteley, fareham, hampshire, PO15 7AG
Website
-triangle bars limited Estimated Valuation
Pomanda estimates the enterprise value of TRIANGLE BARS LIMITED at £670k based on a Turnover of £674k and 0.99x industry multiple (adjusted for size and gross margin).
triangle bars limited Estimated Valuation
Pomanda estimates the enterprise value of TRIANGLE BARS LIMITED at £0 based on an EBITDA of £-457.5k and a 5.51x industry multiple (adjusted for size and gross margin).
triangle bars limited Estimated Valuation
Pomanda estimates the enterprise value of TRIANGLE BARS LIMITED at £170k based on Net Assets of £60.4k and 2.82x industry multiple (adjusted for liquidity).
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Triangle Bars Limited Overview
Triangle Bars Limited is a live company located in fareham, PO15 7AG with a Companies House number of 08896902. It operates in the licenced clubs sector, SIC Code 56301. Founded in February 2014, it's largest shareholder is gary bennetton with a 66% stake. Triangle Bars Limited is a established, small sized company, Pomanda has estimated its turnover at £674k with declining growth in recent years.
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Triangle Bars Limited Health Check
Pomanda's financial health check has awarded Triangle Bars Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £674k, make it larger than the average company (£405k)
- Triangle Bars Limited
£405k - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (0.3%)
- Triangle Bars Limited
0.3% - Industry AVG
Production
with a gross margin of 57.5%, this company has a comparable cost of product (57.5%)
- Triangle Bars Limited
57.5% - Industry AVG
Profitability
an operating margin of -73.3% make it less profitable than the average company (0.5%)
- Triangle Bars Limited
0.5% - Industry AVG
Employees
with 24 employees, this is above the industry average (16)
24 - Triangle Bars Limited
16 - Industry AVG
Pay Structure
on an average salary of £13.1k, the company has an equivalent pay structure (£13.1k)
- Triangle Bars Limited
£13.1k - Industry AVG
Efficiency
resulting in sales per employee of £28.1k, this is less efficient (£41.4k)
- Triangle Bars Limited
£41.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Triangle Bars Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 84 days, this is slower than average (45 days)
- Triangle Bars Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 13 days, this is less than average (22 days)
- Triangle Bars Limited
22 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (18 weeks)
2 weeks - Triangle Bars Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86%, this is a higher level of debt than the average (75.5%)
86% - Triangle Bars Limited
75.5% - Industry AVG
TRIANGLE BARS LIMITED financials
Triangle Bars Limited's latest turnover from February 2023 is estimated at £674 thousand and the company has net assets of £60.4 thousand. According to their latest financial statements, Triangle Bars Limited has 24 employees and maintains cash reserves of £10.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 24 | 20 | 20 | 25 | 25 | 28 | 29 | 24 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 109,245 | 145,167 | 193,555 | 258,072 | 5,613 | 7,484 | 978 | 905 | 686 |
| 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) | 0 | 0 | 0 | 0 | 0 | 0 | 336,843 | 167,377 | 72,377 |
| Total Fixed Assets | 109,245 | 145,167 | 193,555 | 258,072 | 5,613 | 7,484 | 337,821 | 168,282 | 73,063 |
| Stock & work in progress | 10,242 | 10,000 | 10,000 | 26,255 | 8,500 | 8,500 | 8,697 | 11,972 | 14,972 |
| Trade Debtors | 0 | 26,987 | 0 | 0 | 0 | 0 | 0 | 0 | 6,850 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 301,562 | 506,046 | 354,800 | 462,253 | 311,378 | 380,843 | 0 | 0 | 0 |
| Cash | 10,893 | 233,220 | 39,320 | 53,434 | 159,933 | 37,617 | 52,116 | 116,628 | 22,846 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,399 |
| total current assets | 322,697 | 776,253 | 404,120 | 541,942 | 479,811 | 426,960 | 60,813 | 128,600 | 64,067 |
| total assets | 431,942 | 921,420 | 597,675 | 800,014 | 485,424 | 434,444 | 398,634 | 296,882 | 137,130 |
| Bank overdraft | 43,092 | 43,092 | 43,092 | 0 | 0 | 0 | 145 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 66,077 | 47,243 | 37,769 | 126,052 | 47,836 | 94,767 | 75,691 | 98,049 | 156,725 |
| Group/Directors Accounts | 14,943 | 0 | 0 | 73,432 | 84,000 | 87,000 | 102,000 | 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 | 92,378 | 72,915 | 14,306 | 4,462 | 68,720 | 93,874 | 105,530 | 118,174 | 0 |
| total current liabilities | 216,490 | 163,250 | 95,167 | 203,946 | 200,556 | 275,641 | 283,366 | 216,223 | 156,725 |
| loans | 155,087 | 187,375 | 231,605 | 180,000 | 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 | 2,920 |
| 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 | 155,087 | 187,375 | 231,605 | 180,000 | 0 | 0 | 0 | 0 | 2,920 |
| total liabilities | 371,577 | 350,625 | 326,772 | 383,946 | 200,556 | 275,641 | 283,366 | 216,223 | 159,645 |
| net assets | 60,365 | 570,795 | 270,903 | 416,068 | 284,868 | 158,803 | 115,268 | 80,659 | -22,515 |
| total shareholders funds | 60,365 | 570,795 | 270,903 | 416,068 | 284,868 | 158,803 | 115,268 | 80,659 | -22,515 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 36,417 | 48,388 | 64,517 | 6,804 | 9,056 | 2,494 | 326 | 302 | 228 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 242 | 0 | -16,255 | 17,755 | 0 | -197 | -3,275 | -3,000 | 14,972 |
| Debtors | -231,471 | 178,233 | -107,453 | 150,875 | -69,465 | 44,000 | 169,466 | 88,150 | 79,227 |
| Creditors | 18,834 | 9,474 | -88,283 | 78,216 | -46,931 | 19,076 | -22,358 | -58,676 | 156,725 |
| Accruals and Deferred Income | 19,463 | 58,609 | 9,844 | -64,258 | -25,154 | -11,656 | -12,644 | 115,254 | 2,920 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| 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 | 14,943 | 0 | -73,432 | -10,568 | -3,000 | -15,000 | 102,000 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -32,288 | -44,230 | 51,605 | 180,000 | 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 | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -222,327 | 193,900 | -14,114 | -106,499 | 122,316 | -14,499 | -64,512 | 93,782 | 22,846 |
| overdraft | 0 | 0 | 43,092 | 0 | 0 | -145 | 145 | 0 | 0 |
| change in cash | -222,327 | 193,900 | -57,206 | -106,499 | 122,316 | -14,354 | -64,657 | 93,782 | 22,846 |
triangle bars limited Credit Report and Business Information
Triangle Bars Limited Competitor Analysis
Perform a competitor analysis for triangle bars limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in PO15 area or any other competitors across 12 key performance metrics.
triangle bars limited Ownership
TRIANGLE BARS LIMITED group structure
Triangle Bars Limited has no subsidiary companies.
Ultimate parent company
TRIANGLE BARS LIMITED
08896902
triangle bars limited directors
Triangle Bars Limited currently has 1 director, Mr Ilker Ucan serving since Nov 2022.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ilker Ucan | 53 years | Nov 2022 | - | Director |
P&L
February 2023turnover
674k
+61%
operating profit
-493.9k
0%
gross margin
57.6%
-10.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
60.4k
-0.89%
total assets
431.9k
-0.53%
cash
10.9k
-0.95%
net assets
Total assets minus all liabilities
triangle bars limited company details
company number
08896902
Type
Private limited with Share Capital
industry
56301 - Licensed clubs
incorporation date
February 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
February 2023
previous names
N/A
accountant
THYME ACCOUNTING SERVICES LIMITED
auditor
-
address
1580 parkway, solent business park,whiteley, fareham, hampshire, PO15 7AG
Bank
-
Legal Advisor
-
triangle bars 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 did not find charges/mortgages relating to triangle bars limited.
triangle bars 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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triangle bars limited Companies House Filings - See Documents
| date | description | view/download |
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