smith's of ongar limited
smith's of ongar limited Company Information
Group Structure
View All
Industry
Licensed restaurants
Registered Address
117 dartford road, dartford, kent, DA1 3EN
Website
smithsrestaurants.comsmith's of ongar limited Estimated Valuation
Pomanda estimates the enterprise value of SMITH'S OF ONGAR LIMITED at £1.3m based on a Turnover of £2.2m and 0.56x industry multiple (adjusted for size and gross margin).
smith's of ongar limited Estimated Valuation
Pomanda estimates the enterprise value of SMITH'S OF ONGAR LIMITED at £0 based on an EBITDA of £-20.2k and a 3.65x industry multiple (adjusted for size and gross margin).
smith's of ongar limited Estimated Valuation
Pomanda estimates the enterprise value of SMITH'S OF ONGAR LIMITED at £897.8k based on Net Assets of £330.3k and 2.72x industry multiple (adjusted for liquidity).
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Smith's Of Ongar Limited Overview
Smith's Of Ongar Limited is a live company located in kent, DA1 3EN with a Companies House number of 09077693. It operates in the licenced restaurants sector, SIC Code 56101. Founded in June 2014, it's largest shareholder is michael taverner with a 100% stake. Smith's Of Ongar Limited is a established, small sized company, Pomanda has estimated its turnover at £2.2m with declining growth in recent years.
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Smith's Of Ongar Limited Health Check
Pomanda's financial health check has awarded Smith'S Of Ongar Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
6 Weak
Size
annual sales of £2.2m, make it smaller than the average company (£3.5m)
- Smith's Of Ongar Limited
£3.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (12.6%)
- Smith's Of Ongar Limited
12.6% - Industry AVG
Production
with a gross margin of 37.4%, this company has a higher cost of product (58.5%)
- Smith's Of Ongar Limited
58.5% - Industry AVG
Profitability
an operating margin of -1.4% make it less profitable than the average company (2.5%)
- Smith's Of Ongar Limited
2.5% - Industry AVG
Employees
with 40 employees, this is below the industry average (60)
40 - Smith's Of Ongar Limited
60 - Industry AVG
Pay Structure
on an average salary of £20.5k, the company has an equivalent pay structure (£20.5k)
- Smith's Of Ongar Limited
£20.5k - Industry AVG
Efficiency
resulting in sales per employee of £56.1k, this is equally as efficient (£57.3k)
- Smith's Of Ongar Limited
£57.3k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is later than average (6 days)
- Smith's Of Ongar Limited
6 days - Industry AVG
Creditor Days
its suppliers are paid after 299 days, this is slower than average (47 days)
- Smith's Of Ongar Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 12 days, this is in line with average (11 days)
- Smith's Of Ongar Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 54 weeks, this is more cash available to meet short term requirements (12 weeks)
54 weeks - Smith's Of Ongar Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.5%, this is a similar level of debt than the average (82.8%)
78.5% - Smith's Of Ongar Limited
82.8% - Industry AVG
SMITH'S OF ONGAR LIMITED financials
Smith'S Of Ongar Limited's latest turnover from December 2023 is estimated at £2.2 million and the company has net assets of £330.3 thousand. According to their latest financial statements, Smith'S Of Ongar Limited has 40 employees and maintains cash reserves of £1.2 million 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 | 40 | 38 | 35 | 36 | 42 | 40 | ||||
| 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 | 49,873 | 28,252 | 37,669 | 10,422 | ||||||
| Intangible Assets | ||||||||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 49,873 | 28,252 | 37,669 | 10,422 | ||||||
| Stock & work in progress | 50,000 | 50,000 | 10,000 | 25,000 | ||||||
| Trade Debtors | 218,311 | 34,094 | 18,270 | 355,650 | 475,879 | 449,439 | 393,935 | 205,319 | ||
| Group Debtors | ||||||||||
| Misc Debtors | ||||||||||
| Cash | 1,218,449 | 1,148,832 | 956,546 | 160,799 | 100 | |||||
| misc current assets | ||||||||||
| total current assets | 1,486,760 | 1,232,926 | 984,816 | 355,650 | 475,879 | 449,439 | 393,935 | 391,118 | 100 | |
| total assets | 1,536,633 | 1,261,178 | 1,022,485 | 366,072 | 475,879 | 449,439 | 393,935 | 391,118 | 100 | |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 1,152,722 | 910,690 | 820,410 | 323,770 | 425,754 | 407,611 | 357,277 | 312,264 | ||
| Group/Directors Accounts | ||||||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | ||||||||||
| total current liabilities | 1,152,722 | 910,690 | 820,410 | 323,770 | 425,754 | 407,611 | 357,277 | 312,264 | ||
| loans | ||||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | 73,282 | |||||||||
| other liabilities | 53,590 | 43,088 | 55,844 | 50,000 | ||||||
| provisions | ||||||||||
| total long term liabilities | 53,590 | 43,088 | 55,844 | 123,282 | ||||||
| total liabilities | 1,206,312 | 953,778 | 876,254 | 447,052 | 425,754 | 407,611 | 357,277 | 312,264 | ||
| net assets | 330,321 | 307,400 | 146,231 | -80,980 | 50,125 | 41,828 | 36,658 | 78,854 | 100 | |
| total shareholders funds | 330,321 | 307,400 | 146,231 | -80,980 | 50,125 | 41,828 | 36,658 | 78,854 | 100 |
| 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 | 11,389 | 9,417 | ||||||||
| Amortisation | ||||||||||
| Tax | ||||||||||
| Stock | 40,000 | 10,000 | -25,000 | 25,000 | ||||||
| Debtors | 184,217 | 15,824 | -337,380 | -120,229 | 26,440 | 55,504 | 188,616 | 205,319 | ||
| Creditors | 242,032 | 90,280 | 496,640 | -101,984 | 18,143 | 50,334 | 45,013 | 312,264 | ||
| Accruals and Deferred Income | -73,282 | 73,282 | ||||||||
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | ||||||||||
| Other Short Term Loans | ||||||||||
| Long term loans | ||||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | 10,502 | -12,756 | 5,844 | 50,000 | ||||||
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 69,617 | 192,286 | 956,546 | -160,799 | 160,699 | 100 | ||||
| overdraft | ||||||||||
| change in cash | 69,617 | 192,286 | 956,546 | -160,799 | 160,699 | 100 |
smith's of ongar limited Credit Report and Business Information
Smith's Of Ongar Limited Competitor Analysis
Perform a competitor analysis for smith's of ongar limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in DA1 area or any other competitors across 12 key performance metrics.
smith's of ongar limited Ownership
SMITH'S OF ONGAR LIMITED group structure
Smith'S Of Ongar Limited has no subsidiary companies.
smith's of ongar limited directors
Smith'S Of Ongar Limited currently has 1 director, Mr Michael Taverner serving since Jun 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Taverner | England | 62 years | Jun 2014 | - | Director |
P&L
December 2023turnover
2.2m
+104%
operating profit
-31.6k
0%
gross margin
37.4%
+2.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
330.3k
+0.07%
total assets
1.5m
+0.22%
cash
1.2m
+0.06%
net assets
Total assets minus all liabilities
smith's of ongar limited company details
company number
09077693
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
June 2014
age
11
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
N/A
accountant
ADS ACCOUNTANTS
auditor
-
address
117 dartford road, dartford, kent, DA1 3EN
Bank
-
Legal Advisor
-
smith's of ongar 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 smith's of ongar limited.
smith's of ongar 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 SMITH'S OF ONGAR LIMITED. This can take several minutes, an email will notify you when this has completed.
smith's of ongar limited Companies House Filings - See Documents
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