bitter balance ltd
bitter balance ltd Company Information
Company Number
09886743
Next Accounts
Mar 2025
Shareholders
marko nikolic
petar ivanisevic
Group Structure
View All
Industry
Unlicensed restaurants and cafes
Registered Address
second floor 3 field court, gray's inn, london, WC1R 5EF
Website
-bitter balance ltd Estimated Valuation
Pomanda estimates the enterprise value of BITTER BALANCE LTD at £125.9k based on a Turnover of £208.4k and 0.6x industry multiple (adjusted for size and gross margin).
bitter balance ltd Estimated Valuation
Pomanda estimates the enterprise value of BITTER BALANCE LTD at £115.7k based on an EBITDA of £28.1k and a 4.12x industry multiple (adjusted for size and gross margin).
bitter balance ltd Estimated Valuation
Pomanda estimates the enterprise value of BITTER BALANCE LTD at £59k based on Net Assets of £22.5k and 2.63x industry multiple (adjusted for liquidity).
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Bitter Balance Ltd Overview
Bitter Balance Ltd is a dissolved company that was located in london, WC1R 5EF with a Companies House number of 09886743. It operated in the unlicenced restaurants and cafes sector, SIC Code 56102. Founded in November 2015, it's largest shareholder was marko nikolic with a 50% stake. The last turnover for Bitter Balance Ltd was estimated at £208.4k.
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Bitter Balance Ltd Health Check
Pomanda's financial health check has awarded Bitter Balance Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
4 Weak
Size
annual sales of £208.4k, make it smaller than the average company (£722.8k)
- Bitter Balance Ltd
£722.8k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Bitter Balance Ltd
- - Industry AVG
Production
with a gross margin of 41%, this company has a higher cost of product (62.5%)
- Bitter Balance Ltd
62.5% - Industry AVG
Profitability
an operating margin of 13.5% make it more profitable than the average company (4.3%)
- Bitter Balance Ltd
4.3% - Industry AVG
Employees
with 5 employees, this is below the industry average (185)
5 - Bitter Balance Ltd
185 - Industry AVG
Pay Structure
on an average salary of £10k, the company has an equivalent pay structure (£10k)
- Bitter Balance Ltd
£10k - Industry AVG
Efficiency
resulting in sales per employee of £41.7k, this is more efficient (£33.1k)
- Bitter Balance Ltd
£33.1k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is later than average (4 days)
- Bitter Balance Ltd
4 days - Industry AVG
Creditor Days
its suppliers are paid after 75 days, this is slower than average (46 days)
- Bitter Balance Ltd
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Bitter Balance Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Bitter Balance Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.1%, this is a lower level of debt than the average (82.5%)
53.1% - Bitter Balance Ltd
82.5% - Industry AVG
BITTER BALANCE LTD financials
Bitter Balance Ltd's latest turnover from November 2016 is estimated at £208.4 thousand and the company has net assets of £22.5 thousand. According to their latest financial statements, Bitter Balance Ltd has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2016 | |
|---|---|
| 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 | 5 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2016 | |
|---|---|
| Tangible Assets | 6,600 |
| Intangible Assets | |
| Investments & Other | |
| Debtors (Due After 1 year) | |
| Total Fixed Assets | 6,600 |
| Stock & work in progress | |
| Trade Debtors | 41,231 |
| Group Debtors | |
| Misc Debtors | |
| Cash | |
| misc current assets | |
| total current assets | 41,231 |
| total assets | 47,831 |
| Bank overdraft | |
| Bank loan | |
| Trade Creditors | 25,378 |
| Group/Directors Accounts | |
| other short term finances | |
| hp & lease commitments | |
| other current liabilities | |
| total current liabilities | 25,378 |
| loans | |
| hp & lease commitments | |
| Accruals and Deferred Income | |
| other liabilities | |
| provisions | |
| total long term liabilities | |
| total liabilities | 25,378 |
| net assets | 22,453 |
| total shareholders funds | 22,453 |
| Nov 2016 | |
|---|---|
| Operating Activities | |
| Operating Profit | |
| Depreciation | |
| Amortisation | |
| Tax | |
| Stock | |
| Debtors | 41,231 |
| Creditors | 25,378 |
| Accruals and Deferred Income | |
| 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 | |
| share issue | |
| interest | |
| cash flow from financing | |
| cash and cash equivalents | |
| cash | |
| overdraft | |
| change in cash |
bitter balance ltd Credit Report and Business Information
Bitter Balance Ltd Competitor Analysis
Perform a competitor analysis for bitter balance ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in WC1R area or any other competitors across 12 key performance metrics.
bitter balance ltd Ownership
BITTER BALANCE LTD group structure
Bitter Balance Ltd has no subsidiary companies.
Ultimate parent company
BITTER BALANCE LTD
09886743
bitter balance ltd directors
Bitter Balance Ltd currently has 2 directors. The longest serving directors include Miss Faye Kewell (Nov 2015) and Mr Petar Ivanisevic (Nov 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Faye Kewell | England | 34 years | Nov 2015 | - | Director |
| Mr Petar Ivanisevic | England | 39 years | Nov 2015 | - | Director |
P&L
November 2016turnover
208.4k
0%
operating profit
28.1k
0%
gross margin
41%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2016net assets
22.5k
0%
total assets
47.8k
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
bitter balance ltd company details
company number
09886743
Type
Private limited with Share Capital
industry
56102 - Unlicensed restaurants and cafes
incorporation date
November 2015
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
November 2016
previous names
N/A
accountant
-
auditor
-
address
second floor 3 field court, gray's inn, london, WC1R 5EF
Bank
-
Legal Advisor
-
bitter balance ltd 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 bitter balance ltd.
bitter balance ltd 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.
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bitter balance ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
