Tap & Kitchen Limited

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tap & kitchen limited Company Information

Live

EstablishedSmallHealthy

Company Number

09024215

Website

www.tapandkitchen.com

Registered Address

the old town hall market place, oundle, peterborough, PE8 4BA

Industry

Licensed restaurants

Telephone

01832275069

Next Accounts Due

September 2025

Group Structure

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Directors

Richard Simpson9 Years

David Burnett9 Years

Shareholders

richard william george simpson 50%

david john stuart burnett 42.6%

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tap & kitchen limited Estimated Valuation

£1.7m

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 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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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

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£3.5m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a similar rate (12.4%)

EXPORT

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	1,079,999	992,228	653,859	760,489	929,199	673,590	694,434	55,197	122,874	3,920,540
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	469,759	456,941	291,900	343,124	392,230	267,695	264,457	21,518	48,945	1,569,112
Gross Profit	610,240	535,287	361,959	417,365	536,969	405,895	429,977	33,679	73,929	2,351,429
Admin Expenses	410,869	427,475	162,117	347,172	418,075	347,039	369,103	64,781	111,529	2,408,021
Operating Profit	199,371	107,812	199,842	70,193	118,894	58,856	60,874	-31,102	-37,600	-56,592
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	11,588	18,566	1,839	580	3,488	2,284	918	255	411	235
Pre-Tax Profit	210,959	126,378	201,680	70,773	122,381	61,140	61,793	-30,847	-37,189	-56,357
Tax	-52,740	-24,012	-38,319	-13,447	-23,252	-11,617	-11,741	0	0	0
Profit After Tax	158,219	102,366	163,361	57,326	99,129	49,523	50,052	-30,847	-37,189	-56,357
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	158,219	102,366	163,361	57,326	99,129	49,523	50,052	-30,847	-37,189	-56,357
Employee Costs	689,251	664,646	609,280	595,649	619,082	450,611	339,704	33,203	49,748	1,332,850
Number Of Employees	35	35	34	34	34	25	20	2	3	83
EBITDA*	238,992	150,017	244,763	153,540	197,988	137,224	140,090	47,779	37,576	-52,366

* 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	199,371	107,812	199,842	70,193	118,894	58,856	60,874	-31,102	-37,600	-56,592
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	-52,740	-24,012	-38,319	-13,447	-23,252	-11,617	-11,741	0	0	0
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	64,560	326,329	287,164	87,114	189,334	145,293	110,001	71,511	103,664	-47,148
Investing Activities
capital expenditure	-4,751	-9,670	-30,183	-36,124	-14,007	-5,335	-11,529	-7,877	-318,143	-672,911
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-4,751	-9,670	-30,183	-36,124	-14,007	-5,335	-11,529	-7,877	-318,143	-672,911
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	0	-1,003,997	0	0	0	0	0	0	190,000	814,000
interest	11,588	18,566	1,839	580	3,488	2,284	918	255	411	235
cash flow from financing	11,588	-985,431	1,839	580	3,488	2,284	918	255	190,411	814,235
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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TAP & KITCHEN LIMITED group structure

Tap & Kitchen Limited has no subsidiary companies.

Ultimate parent company

TAP & KITCHEN LIMITED

09024215

TAP & KITCHEN LIMITED Shareholders

richard william george simpson	50%
david john stuart burnett	42.62%
virginia anne burnett	7.38%

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 2023

turnover

1.1m

+9%

operating profit

199.4k

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 2023

net assets

555.6k

+0.4%

total assets

797.8k

+0.06%

cash

267.5k

+0.36%

net assets

Total assets minus all liabilities

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company number

09024215

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

incorporation date

May 2014

ultimate parent company

None

previous names

N/A

address

the old town hall market place, oundle, peterborough, PE8 4BA

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 Company Information

tap & kitchen limited Estimated Valuation

tap & kitchen limited Estimated Valuation

tap & kitchen limited Estimated Valuation

Tap & Kitchen Limited Overview

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TAP & KITCHEN LIMITED financials

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