bacaro restaurants ltd
bacaro restaurants ltd Company Information
Company Number
09938976
Website
www.bacarosouthampton.comRegistered Address
96 amberley road, portsmouth, PO2 0TQ
Industry
Licensed restaurants
Telephone
02380333221
Next Accounts Due
October 2024
Group Structure
View All
Directors
Lucy Watts8 Years
Shareholders
lucy victoria watts 100%
bacaro restaurants ltd Estimated Valuation
Pomanda estimates the enterprise value of BACARO RESTAURANTS LTD at £47.7k based on a Turnover of £73.9k and 0.64x industry multiple (adjusted for size and gross margin).
bacaro restaurants ltd Estimated Valuation
Pomanda estimates the enterprise value of BACARO RESTAURANTS LTD at £947.4k based on an EBITDA of £193.2k and a 4.9x industry multiple (adjusted for size and gross margin).
bacaro restaurants ltd Estimated Valuation
Pomanda estimates the enterprise value of BACARO RESTAURANTS LTD at £826.7k based on Net Assets of £271.7k and 3.04x industry multiple (adjusted for liquidity).
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Bacaro Restaurants Ltd Overview
Bacaro Restaurants Ltd is a live company located in portsmouth, PO2 0TQ with a Companies House number of 09938976. It operates in the licenced restaurants sector, SIC Code 56101. Founded in January 2016, it's largest shareholder is lucy victoria watts with a 100% stake. Bacaro Restaurants Ltd is a young, micro sized company, Pomanda has estimated its turnover at £73.9k with declining growth in recent years.
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Bacaro Restaurants Ltd Health Check
Pomanda's financial health check has awarded Bacaro Restaurants Ltd a 4.5 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
3 Regular
4 Weak
Size
annual sales of £73.9k, make it smaller than the average company (£2m)
- Bacaro Restaurants Ltd
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of -53%, show it is growing at a slower rate (1.7%)
- Bacaro Restaurants Ltd
1.7% - Industry AVG
Production
with a gross margin of 58.5%, this company has a comparable cost of product (58.5%)
- Bacaro Restaurants Ltd
58.5% - Industry AVG
Profitability
an operating margin of 261.5% make it more profitable than the average company (4.7%)
- Bacaro Restaurants Ltd
4.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (40)
- Bacaro Restaurants Ltd
40 - Industry AVG
Pay Structure
on an average salary of £19.1k, the company has an equivalent pay structure (£19.1k)
- Bacaro Restaurants Ltd
£19.1k - Industry AVG
Efficiency
resulting in sales per employee of £36.9k, this is less efficient (£49.9k)
- Bacaro Restaurants Ltd
£49.9k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is near the average (6 days)
- Bacaro Restaurants Ltd
6 days - Industry AVG
Creditor Days
its suppliers are paid after 203 days, this is slower than average (52 days)
- Bacaro Restaurants Ltd
52 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Bacaro Restaurants Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 219 weeks, this is more cash available to meet short term requirements (15 weeks)
219 weeks - Bacaro Restaurants Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20%, this is a lower level of debt than the average (86.5%)
20% - Bacaro Restaurants Ltd
86.5% - Industry AVG
BACARO RESTAURANTS LTD financials
Bacaro Restaurants Ltd's latest turnover from January 2023 is estimated at £73.9 thousand and the company has net assets of £271.7 thousand. According to their latest financial statements, we estimate that Bacaro Restaurants Ltd has 2 employees and maintains cash reserves of £215.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|
| 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 | 21 | 21 | 21 | 15 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 54,758 | 55,371 | 50,834 | 54,296 | 60,571 | 67,423 |
| Intangible Assets | 0 | 17,903 | 20,887 | 23,871 | 26,855 | 30,363 | 33,871 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 72,661 | 76,258 | 74,705 | 81,151 | 90,934 | 101,294 |
| Stock & work in progress | 0 | 2,000 | 2,000 | 13,527 | 8,800 | 4,035 | 6,524 |
| Trade Debtors | 1,481 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 122,815 | 57,187 | 34,195 | 8,724 | 36,410 | 7,464 | 5,000 |
| Cash | 215,334 | 64,311 | 61,575 | 86,933 | 26,530 | 11,250 | 8,158 |
| misc current assets | 64 | 0 | 2,197 | 0 | 0 | 797 | 0 |
| total current assets | 339,694 | 123,498 | 99,967 | 109,184 | 71,740 | 23,546 | 19,682 |
| total assets | 339,694 | 196,159 | 176,225 | 183,889 | 152,891 | 114,480 | 120,976 |
| Bank overdraft | 0 | 239 | 0 | 3,363 | 8,057 | 8,564 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 17,099 | 13,747 | 0 | 13,202 | 4,775 | 13,589 | 4,290 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 40,944 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 17,575 | 12,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 33,888 | 50,028 | 28,186 | 65,833 | 64,989 | 27,892 | 24,836 |
| total current liabilities | 50,987 | 64,014 | 28,186 | 82,398 | 136,340 | 62,045 | 29,126 |
| loans | 16,960 | 18,663 | 50,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 850 | 850 | 0 | 0 | 90,386 | 129,555 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 16,960 | 19,513 | 50,850 | 0 | 0 | 90,386 | 129,555 |
| total liabilities | 67,947 | 83,527 | 79,036 | 82,398 | 136,340 | 152,431 | 158,681 |
| net assets | 271,747 | 112,632 | 97,189 | 101,491 | 16,551 | -37,951 | -37,705 |
| total shareholders funds | 271,747 | 112,632 | 97,189 | 101,491 | 16,551 | -37,951 | -37,705 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 7,142 | 7,215 | 6,634 | 8,234 | 9,892 | 12,935 |
| Amortisation | 0 | 2,984 | 2,984 | 3,508 | 3,508 | 3,508 | |
| Tax | |||||||
| Stock | -2,000 | 0 | -11,527 | 4,727 | 4,765 | -2,489 | 6,524 |
| Debtors | 67,109 | 22,992 | 25,471 | -27,686 | 28,946 | 2,464 | 5,000 |
| Creditors | 3,352 | 13,747 | -13,202 | 8,427 | -8,814 | 9,299 | 4,290 |
| Accruals and Deferred Income | -16,140 | 21,842 | -37,647 | 844 | 37,097 | 3,056 | 24,836 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -40,944 | 40,944 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -17,575 | 5,575 | 12,000 | 0 |
| Long term loans | -1,703 | -31,337 | 50,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -850 | 0 | 850 | 0 | -90,386 | -39,169 | 129,555 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 151,023 | 2,736 | -25,358 | 60,403 | 15,280 | 3,092 | 8,158 |
| overdraft | -239 | 239 | -3,363 | -4,694 | -507 | 8,564 | 0 |
| change in cash | 151,262 | 2,497 | -21,995 | 65,097 | 15,787 | -5,472 | 8,158 |
bacaro restaurants ltd Credit Report and Business Information
Bacaro Restaurants Ltd Competitor Analysis
Perform a competitor analysis for bacaro restaurants ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in PO2 area or any other competitors across 12 key performance metrics.
bacaro restaurants ltd Ownership
BACARO RESTAURANTS LTD group structure
Bacaro Restaurants Ltd has no subsidiary companies.
Ultimate parent company
BACARO RESTAURANTS LTD
09938976
bacaro restaurants ltd directors
Bacaro Restaurants Ltd currently has 1 director, Miss Lucy Watts serving since Jan 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Lucy Watts | 39 years | Jan 2016 | - | Director |
P&L
January 2023turnover
73.9k
-86%
operating profit
193.2k
0%
gross margin
58.5%
-2.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
271.7k
+1.41%
total assets
339.7k
+0.73%
cash
215.3k
+2.35%
net assets
Total assets minus all liabilities
bacaro restaurants ltd company details
company number
09938976
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
January 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
January 2023
previous names
N/A
accountant
-
auditor
-
address
96 amberley road, portsmouth, PO2 0TQ
Bank
-
Legal Advisor
-
bacaro restaurants 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 bacaro restaurants ltd.
bacaro restaurants ltd Companies House Filings - See Documents
| date | description | view/download |
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