durham bars limited
durham bars limited Company Information
Company Number
09252660
Website
-Registered Address
the belmont moor end terrace, durham, county durham, DH1 1BJ
Industry
Public houses and bars
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
richard cooney 99.9%
georgia cooney 0.1%
durham bars limited Estimated Valuation
Pomanda estimates the enterprise value of DURHAM BARS LIMITED at £22.3k based on a Turnover of £43.5k and 0.51x industry multiple (adjusted for size and gross margin).
durham bars limited Estimated Valuation
Pomanda estimates the enterprise value of DURHAM BARS LIMITED at £0 based on an EBITDA of £-6.7k and a 3.74x industry multiple (adjusted for size and gross margin).
durham bars limited Estimated Valuation
Pomanda estimates the enterprise value of DURHAM BARS LIMITED at £65.8k based on Net Assets of £35.5k and 1.85x industry multiple (adjusted for liquidity).
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Durham Bars Limited Overview
Durham Bars Limited is a dissolved company that was located in county durham, DH1 1BJ with a Companies House number of 09252660. It operated in the public houses and bars sector, SIC Code 56302. Founded in October 2014, it's largest shareholder was richard cooney with a 99.9% stake. The last turnover for Durham Bars Limited was estimated at £43.5k.
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Durham Bars Limited Health Check
Pomanda's financial health check has awarded Durham Bars Limited a 4 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 £43.5k, make it smaller than the average company (£500.3k)
- Durham Bars Limited
£500.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 51%, show it is growing at a faster rate (4.1%)
- Durham Bars Limited
4.1% - Industry AVG
Production
with a gross margin of 43.7%, this company has a higher cost of product (56.6%)
- Durham Bars Limited
56.6% - Industry AVG
Profitability
an operating margin of -30.9% make it less profitable than the average company (4.1%)
- Durham Bars Limited
4.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (25)
- Durham Bars Limited
25 - Industry AVG
Pay Structure
on an average salary of £15.6k, the company has an equivalent pay structure (£15.6k)
- Durham Bars Limited
£15.6k - Industry AVG
Efficiency
resulting in sales per employee of £43.5k, this is equally as efficient (£47k)
- Durham Bars Limited
£47k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Durham Bars Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 450 days, this is slower than average (45 days)
- Durham Bars Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 35 days, this is more than average (15 days)
- Durham Bars Limited
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 69 weeks, this is more cash available to meet short term requirements (14 weeks)
69 weeks - Durham Bars Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46%, this is a lower level of debt than the average (81%)
46% - Durham Bars Limited
81% - Industry AVG
DURHAM BARS LIMITED financials
Durham Bars Limited's latest turnover from October 2018 is estimated at £43.5 thousand and the company has net assets of £35.5 thousand. According to their latest financial statements, we estimate that Durham Bars Limited has 1 employee and maintains cash reserves of £40.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|
| Tangible Assets | 22,700 | 28,884 | 35,508 | 21,885 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 22,700 | 28,884 | 35,508 | 21,885 |
| Stock & work in progress | 2,391 | 2,713 | 2,477 | 2,351 |
| Trade Debtors | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 40,587 | 52,444 | 50,269 | 26,182 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 42,978 | 55,157 | 52,746 | 28,533 |
| total assets | 65,678 | 84,041 | 88,254 | 50,418 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 30,211 | 35,494 | 39,420 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 30,211 | 35,494 | 39,420 | 0 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 31,243 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 31,243 |
| total liabilities | 30,211 | 35,494 | 39,420 | 31,243 |
| net assets | 35,467 | 48,547 | 48,834 | 19,175 |
| total shareholders funds | 35,467 | 48,547 | 48,834 | 19,175 |
| Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 6,684 | 6,624 | 4,791 | 3,862 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | -322 | 236 | 126 | 2,351 |
| Debtors | 0 | 0 | 0 | 0 |
| Creditors | -5,283 | -3,926 | 39,420 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -31,243 | 31,243 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -11,857 | 2,175 | 24,087 | 26,182 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -11,857 | 2,175 | 24,087 | 26,182 |
durham bars limited Credit Report and Business Information
Durham Bars Limited Competitor Analysis
Perform a competitor analysis for durham bars limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in DH1 area or any other competitors across 12 key performance metrics.
durham bars limited Ownership
DURHAM BARS LIMITED group structure
Durham Bars Limited has no subsidiary companies.
Ultimate parent company
DURHAM BARS LIMITED
09252660
durham bars limited directors
Durham Bars Limited currently has 2 directors. The longest serving directors include Mr Richard Cooney (Oct 2014) and Miss Georgia Cooney (Oct 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Cooney | 61 years | Oct 2014 | - | Director | |
| Miss Georgia Cooney | England | 33 years | Oct 2014 | - | Director |
P&L
October 2018turnover
43.5k
-9%
operating profit
-13.4k
0%
gross margin
43.7%
-0.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2018net assets
35.5k
-0.27%
total assets
65.7k
-0.22%
cash
40.6k
-0.23%
net assets
Total assets minus all liabilities
Similar Companies
durham bars limited company details
company number
09252660
Type
Private limited with Share Capital
industry
56302 - Public houses and bars
incorporation date
October 2014
age
10
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
October 2018
previous names
N/A
accountant
-
auditor
-
address
the belmont moor end terrace, durham, county durham, DH1 1BJ
Bank
-
Legal Advisor
-
durham 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 durham bars limited.
durham bars limited Companies House Filings - See Documents
| date | description | view/download |
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