tap & kitchen limited Company Information
Company Number
09024215
Website
www.tapandkitchen.comRegistered Address
the old town hall market place, oundle, peterborough, PE8 4BA
Industry
Licensed restaurants
Telephone
01832275069
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
richard william george simpson 50%
david john stuart burnett 42.6%
View Alltap & kitchen limited Estimated Valuation
Pomanda estimates the enterprise value of TAP & KITCHEN LIMITED at £701k based on a Turnover of £1.1m and 0.65x industry multiple (adjusted for size and gross margin).
tap & kitchen limited Estimated Valuation
Pomanda estimates the enterprise value of TAP & KITCHEN LIMITED at £1.2m based on an EBITDA of £239k and a 4.93x industry multiple (adjusted for size and gross margin).
tap & kitchen limited Estimated Valuation
Pomanda estimates the enterprise value of TAP & KITCHEN LIMITED at £1.7m based on Net Assets of £555.6k and 3.04x industry multiple (adjusted for liquidity).
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Tap & Kitchen Limited Overview
Tap & Kitchen Limited is a live company located in peterborough, PE8 4BA with a Companies House number of 09024215. It operates in the licenced restaurants sector, SIC Code 56101. Founded in May 2014, it's largest shareholder is richard william george simpson with a 50% stake. Tap & Kitchen Limited is a established, small sized company, Pomanda has estimated its turnover at £1.1m with healthy growth in recent years.
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Tap & Kitchen Limited Health Check
Pomanda's financial health check has awarded Tap & Kitchen Limited a 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
5 Strong
3 Regular
4 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£3.5m)
- Tap & Kitchen Limited
£3.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a similar rate (12.4%)
- Tap & Kitchen Limited
12.4% - Industry AVG
Production
with a gross margin of 56.5%, this company has a comparable cost of product (56.5%)
- Tap & Kitchen Limited
56.5% - Industry AVG
Profitability
an operating margin of 18.5% make it more profitable than the average company (2.2%)
- Tap & Kitchen Limited
2.2% - Industry AVG
Employees
with 35 employees, this is below the industry average (59)
35 - Tap & Kitchen Limited
59 - Industry AVG
Pay Structure
on an average salary of £19.7k, the company has an equivalent pay structure (£19.7k)
- Tap & Kitchen Limited
£19.7k - Industry AVG
Efficiency
resulting in sales per employee of £30.9k, this is less efficient (£53.8k)
- Tap & Kitchen Limited
£53.8k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (6 days)
- Tap & Kitchen Limited
6 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (47 days)
- Tap & Kitchen Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is more than average (11 days)
- Tap & Kitchen Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 60 weeks, this is more cash available to meet short term requirements (10 weeks)
60 weeks - Tap & Kitchen Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.4%, this is a lower level of debt than the average (87.1%)
30.4% - Tap & Kitchen Limited
87.1% - Industry AVG
TAP & KITCHEN LIMITED financials
Tap & Kitchen Limited's latest turnover from December 2023 is estimated at £1.1 million and the company has net assets of £555.6 thousand. According to their latest financial statements, Tap & Kitchen Limited has 35 employees and maintains cash reserves of £267.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
---|---|---|---|---|---|---|---|---|---|---|
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 | 35 | 35 | 34 | 34 | 34 | 25 | 20 | |||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 505,475 | 540,345 | 572,880 | 587,618 | 634,841 | 699,928 | 772,961 | 840,648 | 911,652 | 668,685 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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 | 505,475 | 540,345 | 572,880 | 587,618 | 634,841 | 699,928 | 772,961 | 840,648 | 911,652 | 668,685 |
Stock & work in progress | 20,278 | 15,868 | 12,186 | 13,412 | 15,178 | 10,632 | 12,303 | 7,500 | 12,560 | 5,739 |
Trade Debtors | 937 | 744 | 746 | 836 | 311 | 191 | 0 | 187 | 0 | 103,409 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 3,684 | 2,920 | 12,433 | 3,484 | 2,058 | 2,870 | 6,180 | 8,888 | 29,606 | 0 |
Cash | 267,458 | 196,061 | 864,833 | 606,014 | 554,444 | 375,630 | 233,388 | 133,997 | 70,108 | 94,176 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 292,357 | 215,593 | 890,198 | 623,746 | 571,991 | 389,323 | 251,871 | 150,572 | 112,274 | 203,324 |
total assets | 797,832 | 755,938 | 1,463,078 | 1,211,364 | 1,206,832 | 1,089,251 | 1,024,832 | 991,220 | 1,023,926 | 872,009 |
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 | 75,376 | 60,187 | 49,047 | 30,247 | 53,672 | 56,480 | 40,362 | 41,851 | 42,206 | 114,366 |
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 | 155,101 | 285,941 | 108,291 | 43,433 | 74,849 | 53,589 | 54,811 | 69,762 | 71,266 | 0 |
total current liabilities | 230,477 | 346,128 | 157,338 | 73,680 | 128,521 | 110,069 | 95,173 | 111,613 | 113,472 | 114,366 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 11,769 | 12,443 | 6,742 | 2,047 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 11,769 | 12,443 | 6,742 | 2,047 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 242,246 | 358,571 | 164,080 | 75,727 | 128,521 | 110,069 | 95,173 | 111,613 | 113,472 | 114,366 |
net assets | 555,586 | 397,367 | 1,298,998 | 1,135,637 | 1,078,311 | 979,182 | 929,659 | 879,607 | 910,454 | 757,643 |
total shareholders funds | 555,586 | 397,367 | 1,298,998 | 1,135,637 | 1,078,311 | 979,182 | 929,659 | 879,607 | 910,454 | 757,643 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||
Operating Profit | ||||||||||
Depreciation | 39,621 | 42,205 | 44,921 | 83,347 | 79,094 | 78,368 | 79,216 | 78,881 | 75,176 | 4,226 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||
Stock | 4,410 | 3,682 | -1,226 | -1,766 | 4,546 | -1,671 | 4,803 | -5,060 | 6,821 | 5,739 |
Debtors | 957 | -9,515 | 8,859 | 1,951 | -692 | -3,119 | -2,895 | -20,531 | -73,803 | 103,409 |
Creditors | 15,189 | 11,140 | 18,800 | -23,425 | -2,808 | 16,118 | -1,489 | -355 | -72,160 | 114,366 |
Accruals and Deferred Income | -130,840 | 177,650 | 64,858 | -31,416 | 21,260 | -1,222 | -14,951 | -1,504 | 71,266 | 0 |
Deferred Taxes & Provisions | -674 | 5,701 | 4,695 | 2,047 | 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 | 0 |
cash flow from investments | ||||||||||
Financing Activities | ||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 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 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||
interest | ||||||||||
cash flow from financing | ||||||||||
cash and cash equivalents | ||||||||||
cash | 71,397 | -668,772 | 258,819 | 51,570 | 178,814 | 142,242 | 99,391 | 63,889 | -24,068 | 94,176 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 71,397 | -668,772 | 258,819 | 51,570 | 178,814 | 142,242 | 99,391 | 63,889 | -24,068 | 94,176 |
tap & kitchen limited Credit Report and Business Information
Tap & Kitchen Limited Competitor Analysis
Perform a competitor analysis for tap & kitchen limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in PE8 area or any other competitors across 12 key performance metrics.
tap & kitchen limited Ownership
TAP & KITCHEN LIMITED group structure
Tap & Kitchen Limited has no subsidiary companies.
Ultimate parent company
TAP & KITCHEN LIMITED
09024215
tap & kitchen limited directors
Tap & Kitchen Limited currently has 2 directors. The longest serving directors include Mr Richard Simpson (Nov 2014) and Mr David Burnett (Nov 2014).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Richard Simpson | 67 years | Nov 2014 | - | Director | |
Mr David Burnett | 66 years | Nov 2014 | - | Director |
P&L
December 2023turnover
1.1m
+9%
operating profit
199.4k
0%
gross margin
56.6%
+4.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
555.6k
+0.4%
total assets
797.8k
+0.06%
cash
267.5k
+0.36%
net assets
Total assets minus all liabilities
tap & kitchen limited company details
company number
09024215
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
May 2014
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
the old town hall market place, oundle, peterborough, PE8 4BA
Bank
-
Legal Advisor
-
tap & kitchen 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 tap & kitchen limited.
tap & kitchen limited Companies House Filings - See Documents
date | description | view/download |
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