express taverns limited
express taverns limited Company Information
Company Number
09067473
Next Accounts
64 days late
Directors
Shareholders
mr richard charles morgan
sands finance limited
Group Structure
View All
Industry
Public houses and bars
Registered Address
2 leman street, london, E1W 9US
Website
-express taverns limited Estimated Valuation
Pomanda estimates the enterprise value of EXPRESS TAVERNS LIMITED at £344.8k based on a Turnover of £535.8k and 0.64x industry multiple (adjusted for size and gross margin).
express taverns limited Estimated Valuation
Pomanda estimates the enterprise value of EXPRESS TAVERNS LIMITED at £850.6k based on an EBITDA of £202k and a 4.21x industry multiple (adjusted for size and gross margin).
express taverns limited Estimated Valuation
Pomanda estimates the enterprise value of EXPRESS TAVERNS LIMITED at £1.4m based on Net Assets of £632.4k and 2.17x industry multiple (adjusted for liquidity).
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Express Taverns Limited Overview
Express Taverns Limited is a live company located in london, E1W 9US with a Companies House number of 09067473. It operates in the public houses and bars sector, SIC Code 56302. Founded in June 2014, it's largest shareholder is mr richard charles morgan with a 50% stake. Express Taverns Limited is a established, small sized company, Pomanda has estimated its turnover at £535.8k with declining growth in recent years.
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Express Taverns Limited Health Check
Pomanda's financial health check has awarded Express Taverns Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
3 Weak
Size
annual sales of £535.8k, make it in line with the average company (£535.8k)
- Express Taverns Limited
£535.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (1.9%)
- Express Taverns Limited
1.9% - Industry AVG
Production
with a gross margin of 59.3%, this company has a comparable cost of product (59.3%)
- Express Taverns Limited
59.3% - Industry AVG
Profitability
an operating margin of 22% make it more profitable than the average company (7.4%)
- Express Taverns Limited
7.4% - Industry AVG
Employees
with 13 employees, this is similar to the industry average (13)
13 - Express Taverns Limited
13 - Industry AVG
Pay Structure
on an average salary of £14.9k, the company has an equivalent pay structure (£14.9k)
- Express Taverns Limited
£14.9k - Industry AVG
Efficiency
resulting in sales per employee of £41.2k, this is equally as efficient (£47.6k)
- Express Taverns Limited
£47.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Express Taverns Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 179 days, this is slower than average (54 days)
- Express Taverns Limited
54 days - Industry AVG
Stock Days
it holds stock equivalent to 84 days, this is more than average (17 days)
- Express Taverns Limited
17 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (20 weeks)
5 weeks - Express Taverns Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.3%, this is a lower level of debt than the average (73.8%)
53.3% - Express Taverns Limited
73.8% - Industry AVG
EXPRESS TAVERNS LIMITED financials
Express Taverns Limited's latest turnover from March 2023 is estimated at £535.8 thousand and the company has net assets of £632.4 thousand. According to their latest financial statements, Express Taverns Limited has 13 employees and maintains cash reserves of £61 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 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 | 13 | 13 | 13 | 13 | 9 | 9 | 9 | 9 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 831,942 | 771,003 | 585,266 | 259,667 | 174,589 | 175,783 | 165,666 | 154,315 | 119,409 |
| Intangible Assets | |||||||||
| Investments & Other | 100 | 100 | 100 | 100 | |||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 831,942 | 771,103 | 585,366 | 259,767 | 174,689 | 175,783 | 165,666 | 154,315 | 119,409 |
| Stock & work in progress | 50,412 | 26,655 | 11,947 | 22,700 | 21,898 | 24,032 | 20,125 | 18,288 | 14,289 |
| Trade Debtors | 18,106 | 1,149 | 19,257 | ||||||
| Group Debtors | 117,772 | 192,991 | 11,235 | ||||||
| Misc Debtors | 403,441 | 43,242 | 23,173 | 52,019 | 29,947 | 19,907 | 16,647 | 20,711 | |
| Cash | 61,043 | 60,562 | 17,561 | 3,959 | 12,995 | 38,878 | 20,109 | 1,972 | 5,245 |
| misc current assets | 8,000 | 8,000 | 8,000 | 8,000 | |||||
| total current assets | 522,896 | 138,459 | 178,453 | 297,775 | 77,224 | 82,817 | 56,881 | 40,971 | 38,791 |
| total assets | 1,354,838 | 909,562 | 763,819 | 557,542 | 251,913 | 258,600 | 222,547 | 195,286 | 158,200 |
| Bank overdraft | 12,853 | 15,466 | 7,648 | 962 | 6,935 | ||||
| Bank loan | 9,975 | ||||||||
| Trade Creditors | 107,619 | 98,404 | 69,964 | 31,667 | 29,133 | 35,800 | 20,879 | 68,200 | 155,361 |
| Group/Directors Accounts | 326,949 | 1,577 | 77,000 | 3,781 | |||||
| other short term finances | 40,041 | 72,836 | 33,340 | 696 | 472 | ||||
| hp & lease commitments | |||||||||
| other current liabilities | 159,719 | 69,647 | 96,528 | 41,499 | 26,540 | 35,701 | 52,909 | 71,750 | |
| total current liabilities | 604,262 | 222,522 | 331,794 | 114,154 | 56,369 | 71,973 | 74,750 | 150,666 | 155,361 |
| loans | 21,692 | 31,958 | 46,368 | 12,356 | |||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 16,650 | 44,861 | 64,737 | ||||||
| provisions | 96,532 | 98,860 | 22,677 | 24,471 | 26,791 | 26,851 | 25,281 | ||
| total long term liabilities | 118,224 | 147,468 | 113,906 | 101,564 | 26,791 | 26,851 | 25,281 | ||
| total liabilities | 722,486 | 369,990 | 445,700 | 215,718 | 83,160 | 98,824 | 100,031 | 150,666 | 155,361 |
| net assets | 632,352 | 539,572 | 318,119 | 341,824 | 168,753 | 159,776 | 122,516 | 44,620 | 2,839 |
| total shareholders funds | 632,352 | 539,572 | 318,119 | 341,824 | 168,753 | 159,776 | 122,516 | 44,620 | 2,839 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 84,104 | 59,944 | 48,806 | 26,067 | 9,885 | 21,591 | 19,990 | 16,753 | 14,905 |
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | 23,757 | 14,708 | -10,753 | 802 | -2,134 | 3,907 | 1,837 | 3,999 | 14,289 |
| Debtors | 360,199 | -97,703 | -122,171 | 220,785 | 22,424 | 3,260 | -4,064 | 1,454 | 19,257 |
| Creditors | 9,215 | 28,440 | 38,297 | 2,534 | -6,667 | 14,921 | -47,321 | -87,161 | 155,361 |
| Accruals and Deferred Income | 90,072 | -26,881 | 55,029 | 14,959 | -9,161 | -17,208 | -18,841 | 71,750 | |
| Deferred Taxes & Provisions | -2,328 | 76,183 | -1,794 | -2,320 | -60 | 1,570 | 25,281 | ||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | -100 | 100 | |||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 9,975 | ||||||||
| Group/Directors Accounts | 325,372 | -75,423 | 77,000 | -3,781 | 3,781 | ||||
| Other Short Term Loans | -40,041 | -32,795 | 39,496 | 32,644 | 224 | 472 | |||
| Long term loans | -10,266 | -14,410 | 34,012 | 12,356 | |||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | -16,650 | -28,211 | -19,876 | 64,737 | |||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 481 | 43,001 | 13,602 | -9,036 | -25,883 | 18,769 | 18,137 | -3,273 | 5,245 |
| overdraft | -12,853 | -2,613 | 7,818 | 7,648 | -962 | -5,973 | 6,935 | ||
| change in cash | 13,334 | 45,614 | 5,784 | -16,684 | -25,883 | 19,731 | 24,110 | -10,208 | 5,245 |
express taverns limited Credit Report and Business Information
Express Taverns Limited Competitor Analysis
Perform a competitor analysis for express taverns limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in E1W area or any other competitors across 12 key performance metrics.
express taverns limited Ownership
EXPRESS TAVERNS LIMITED group structure
Express Taverns Limited has 1 subsidiary company.
Ultimate parent company
EXPRESS TAVERNS LIMITED
09067473
1 subsidiary
express taverns limited directors
Express Taverns Limited currently has 1 director, Mr Richard Morgan serving since Feb 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Morgan | United Kingdom | 74 years | Feb 2019 | - | Director |
P&L
March 2023turnover
535.8k
+52%
operating profit
117.9k
0%
gross margin
59.3%
-2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
632.4k
+0.17%
total assets
1.4m
+0.49%
cash
61k
+0.01%
net assets
Total assets minus all liabilities
express taverns limited company details
company number
09067473
Type
Private limited with Share Capital
industry
56302 - Public houses and bars
incorporation date
June 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
GRAVITA III LLP
auditor
-
address
2 leman street, london, E1W 9US
Bank
-
Legal Advisor
-
express taverns 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 1 charges/mortgages relating to express taverns limited. Currently there are 1 open charges and 0 have been satisfied in the past.
express taverns 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.
Click to start generating capital raising & share issue transactions for EXPRESS TAVERNS LIMITED. This can take several minutes, an email will notify you when this has completed.
express taverns limited Companies House Filings - See Documents
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