tavern snacks limited
tavern snacks limited Company Information
Company Number
09989324
Website
-Registered Address
c/o priory house, gildersome spur, leeds, LS27 7JZ
Industry
Manufacture of other food products n.e.c.
Telephone
02088584339
Next Accounts Due
51 days late
Group Structure
View All
Shareholders
the vending people limited 100%
tavern snacks limited Estimated Valuation
Pomanda estimates the enterprise value of TAVERN SNACKS LIMITED at £2.3m based on a Turnover of £2.7m and 0.85x industry multiple (adjusted for size and gross margin).
tavern snacks limited Estimated Valuation
Pomanda estimates the enterprise value of TAVERN SNACKS LIMITED at £1.5m based on an EBITDA of £246.3k and a 5.96x industry multiple (adjusted for size and gross margin).
tavern snacks limited Estimated Valuation
Pomanda estimates the enterprise value of TAVERN SNACKS LIMITED at £0 based on Net Assets of £-167.6k and 2.09x industry multiple (adjusted for liquidity).
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Tavern Snacks Limited Overview
Tavern Snacks Limited is a live company located in leeds, LS27 7JZ with a Companies House number of 09989324. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in February 2016, it's largest shareholder is the vending people limited with a 100% stake. Tavern Snacks Limited is a young, small sized company, Pomanda has estimated its turnover at £2.7m with declining growth in recent years.
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Tavern Snacks Limited Health Check
Pomanda's financial health check has awarded Tavern Snacks Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £2.7m, make it smaller than the average company (£19.5m)
£2.7m - Tavern Snacks Limited
£19.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (2.1%)
-11% - Tavern Snacks Limited
2.1% - Industry AVG
Production
with a gross margin of 41%, this company has a lower cost of product (25.5%)
41% - Tavern Snacks Limited
25.5% - Industry AVG
Profitability
an operating margin of 6.6% make it more profitable than the average company (4.5%)
6.6% - Tavern Snacks Limited
4.5% - Industry AVG
Employees
with 20 employees, this is below the industry average (110)
20 - Tavern Snacks Limited
110 - Industry AVG
Pay Structure
on an average salary of £33.4k, the company has an equivalent pay structure (£33.4k)
- Tavern Snacks Limited
£33.4k - Industry AVG
Efficiency
resulting in sales per employee of £135.8k, this is less efficient (£182.1k)
£135.8k - Tavern Snacks Limited
£182.1k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (50 days)
17 days - Tavern Snacks Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 376 days, this is slower than average (48 days)
376 days - Tavern Snacks Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 18 days, this is less than average (49 days)
18 days - Tavern Snacks Limited
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (7 weeks)
2 weeks - Tavern Snacks Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 107.9%, this is a higher level of debt than the average (59.5%)
107.9% - Tavern Snacks Limited
59.5% - Industry AVG
tavern snacks limited Credit Report and Business Information
Tavern Snacks Limited Competitor Analysis
Perform a competitor analysis for tavern snacks limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
tavern snacks limited Ownership
TAVERN SNACKS LIMITED group structure
Tavern Snacks Limited has no subsidiary companies.
tavern snacks limited directors
Tavern Snacks Limited currently has 3 directors. The longest serving directors include Mrs Anne Hutchinson-Kane (Feb 2016) and Mr Stephen Hutchinson (Feb 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Anne Hutchinson-Kane | 77 years | Feb 2016 | - | Director | |
| Mr Stephen Hutchinson | 65 years | Feb 2016 | - | Director | |
| Mr Raymond Hutchinson | 74 years | Feb 2016 | - | Director |
TAVERN SNACKS LIMITED financials
Tavern Snacks Limited's latest turnover from June 2022 is £2.7 million and the company has net assets of -£167.6 thousand. According to their latest financial statements, Tavern Snacks Limited has 20 employees and maintains cash reserves of £118.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2022 | Jun 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 2,716,476 | 1,118,090 | 3,655,102 | 3,847,659 | 4,189,365 | 3,711,536 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,601,843 | 812,036 | 2,099,331 | 2,296,788 | 2,622,180 | 2,302,512 |
| Gross Profit | 1,114,633 | 306,054 | 1,555,771 | 1,550,871 | 1,567,185 | 1,409,024 |
| Admin Expenses | 935,821 | 1,330,474 | 1,316,810 | 1,403,092 | 1,344,113 | 1,195,612 |
| Operating Profit | 178,812 | -1,024,420 | 238,961 | 147,779 | 223,072 | 213,412 |
| Interest Payable | 2,499 | 15,443 | 10,814 | 3,650 | 0 | 21,334 |
| Interest Receivable | 0 | 0 | 0 | 0 | 2,084 | 0 |
| Pre-Tax Profit | 176,313 | -1,039,863 | 228,147 | 144,129 | 225,156 | 192,078 |
| Tax | -32,379 | 86,076 | -55,435 | 14,148 | -58,595 | -47,369 |
| Profit After Tax | 143,934 | -953,787 | 172,712 | 158,277 | 166,561 | 144,709 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 143,934 | -953,787 | 172,712 | 158,277 | 166,561 | 144,709 |
| Employee Costs | ||||||
| Number Of Employees | 20 | 22 | 25 | 24 | 24 | 26 |
| EBITDA* | 246,330 | -935,639 | 310,037 | 218,365 | 316,182 | 256,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2022 | Jun 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,338 | 5,367 | 14,786 | 22,373 | 25,176 | 30,550 |
| Intangible Assets | 238,086 | 301,575 | 380,937 | 444,426 | 507,916 | 592,569 |
| Investments & Other | 19,286 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 258,710 | 306,942 | 395,723 | 466,799 | 533,092 | 623,119 |
| Stock & work in progress | 80,401 | 90,021 | 164,471 | 135,926 | 107,637 | 116,532 |
| Trade Debtors | 127,518 | 142,050 | 161,113 | 169,274 | 164,242 | 183,888 |
| Group Debtors | 1,379,858 | 1,040,599 | 1,751,229 | 1,150,692 | 150,000 | 0 |
| Misc Debtors | 154,835 | 80,823 | 8,019 | 32,163 | 25,584 | 29,030 |
| Cash | 118,657 | 120,249 | 18,406 | 34,911 | 74,813 | 266,036 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,861,269 | 1,473,742 | 2,103,238 | 1,522,966 | 522,276 | 595,486 |
| total assets | 2,119,979 | 1,780,684 | 2,498,961 | 1,989,765 | 1,055,368 | 1,218,605 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,650,160 | 1,512,244 | 1,417,392 | 489,493 | 172,763 | 261,210 |
| Group/Directors Accounts | 263,722 | 206,156 | 0 | 567,551 | 175,702 | 168,747 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 252,315 | 254,915 | 322,830 | 352,400 | 395,194 | 243,038 |
| total current liabilities | 2,166,197 | 1,973,315 | 1,740,222 | 1,409,444 | 743,659 | 672,995 |
| loans | 121,373 | 118,894 | 116,477 | 110,771 | 0 | 400,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 436 | 898 |
| total long term liabilities | 121,373 | 118,894 | 116,477 | 110,771 | 436 | 400,898 |
| total liabilities | 2,287,570 | 2,092,209 | 1,856,699 | 1,520,215 | 744,095 | 1,073,893 |
| net assets | -167,591 | -311,525 | 642,262 | 469,550 | 311,273 | 144,712 |
| total shareholders funds | -167,591 | -311,525 | 642,262 | 469,550 | 311,273 | 144,712 |
| Jun 2022 | Jun 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 178,812 | -1,024,420 | 238,961 | 147,779 | 223,072 | 213,412 |
| Depreciation | 4,029 | 9,419 | 7,587 | 7,096 | 8,457 | 262 |
| Amortisation | 63,489 | 79,362 | 63,489 | 63,490 | 84,653 | 42,326 |
| Tax | -32,379 | 86,076 | -55,435 | 14,148 | -58,595 | -47,369 |
| Stock | -9,620 | -74,450 | 28,545 | 28,289 | -8,895 | 116,532 |
| Debtors | 398,739 | -656,889 | 568,232 | 1,012,303 | 126,908 | 212,918 |
| Creditors | 137,916 | 94,852 | 927,899 | 316,730 | -88,447 | 261,210 |
| Accruals and Deferred Income | -2,600 | -67,915 | -29,570 | -42,794 | 152,156 | 243,038 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -436 | -462 | 898 |
| Cash flow from operations | -39,852 | -91,287 | 556,154 | -534,579 | 202,821 | 384,327 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 19,286 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 57,566 | 206,156 | -567,551 | 391,849 | 6,955 | 168,747 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 2,479 | 2,417 | 5,706 | 110,771 | -400,000 | 400,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -2,499 | -15,443 | -10,814 | -3,650 | 2,084 | -21,334 |
| cash flow from financing | 57,546 | 193,130 | -572,659 | 498,970 | -390,961 | 547,416 |
| cash and cash equivalents | ||||||
| cash | -1,592 | 101,843 | -16,505 | -39,902 | -191,223 | 266,036 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,592 | 101,843 | -16,505 | -39,902 | -191,223 | 266,036 |
P&L
June 2022turnover
2.7m
+143%
operating profit
178.8k
-117%
gross margin
41.1%
+49.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2022net assets
-167.6k
-0.46%
total assets
2.1m
+0.19%
cash
118.7k
-0.01%
net assets
Total assets minus all liabilities
tavern snacks limited company details
company number
09989324
Type
Private limited with Share Capital
industry
10890 - Manufacture of other food products n.e.c.
incorporation date
February 2016
age
8
accounts
Dormant
ultimate parent company
previous names
snackdome limited (February 2016)
incorporated
UK
address
c/o priory house, gildersome spur, leeds, LS27 7JZ
last accounts submitted
June 2022
tavern snacks 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 3 charges/mortgages relating to tavern snacks limited. Currently there are 3 open charges and 0 have been satisfied in the past.
tavern snacks limited Companies House Filings - See Documents
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