ribs & co restaurants limited
ribs & co restaurants limited Company Information
Company Number
10081268
Website
www.qualityworkwear.co.ukRegistered Address
1a city gate 185 dyke road, hove, BN3 1TL
Industry
Licensed restaurants
Telephone
01323848995
Next Accounts Due
December 2024
Group Structure
View All
Directors
Colin Hazelton8 Years
Shareholders
colin hazelton 100%
ribs & co restaurants limited Estimated Valuation
Pomanda estimates the enterprise value of RIBS & CO RESTAURANTS LIMITED at £157.9k based on a Turnover of £312k and 0.51x industry multiple (adjusted for size and gross margin).
ribs & co restaurants limited Estimated Valuation
Pomanda estimates the enterprise value of RIBS & CO RESTAURANTS LIMITED at £0 based on an EBITDA of £-36.8k and a 3.81x industry multiple (adjusted for size and gross margin).
ribs & co restaurants limited Estimated Valuation
Pomanda estimates the enterprise value of RIBS & CO RESTAURANTS LIMITED at £0 based on Net Assets of £-92.8k and 3.06x industry multiple (adjusted for liquidity).
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Ribs & Co Restaurants Limited Overview
Ribs & Co Restaurants Limited is a live company located in hove, BN3 1TL with a Companies House number of 10081268. It operates in the licenced restaurants sector, SIC Code 56101. Founded in March 2016, it's largest shareholder is colin hazelton with a 100% stake. Ribs & Co Restaurants Limited is a young, micro sized company, Pomanda has estimated its turnover at £312k with healthy growth in recent years.
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Ribs & Co Restaurants Limited Health Check
Pomanda's financial health check has awarded Ribs & Co Restaurants Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £312k, make it smaller than the average company (£1.6m)
- Ribs & Co Restaurants Limited
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (3.4%)
- Ribs & Co Restaurants Limited
3.4% - Industry AVG
Production
with a gross margin of 34.5%, this company has a higher cost of product (56.9%)
- Ribs & Co Restaurants Limited
56.9% - Industry AVG
Profitability
an operating margin of -11.8% make it less profitable than the average company (4%)
- Ribs & Co Restaurants Limited
4% - Industry AVG
Employees
with 9 employees, this is below the industry average (36)
9 - Ribs & Co Restaurants Limited
36 - Industry AVG
Pay Structure
on an average salary of £18.8k, the company has an equivalent pay structure (£18.8k)
- Ribs & Co Restaurants Limited
£18.8k - Industry AVG
Efficiency
resulting in sales per employee of £34.7k, this is less efficient (£50.4k)
- Ribs & Co Restaurants Limited
£50.4k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is later than average (6 days)
- Ribs & Co Restaurants Limited
6 days - Industry AVG
Creditor Days
its suppliers are paid after 506 days, this is slower than average (46 days)
- Ribs & Co Restaurants Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ribs & Co Restaurants Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ribs & Co Restaurants Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 130.5%, this is a higher level of debt than the average (86.1%)
130.5% - Ribs & Co Restaurants Limited
86.1% - Industry AVG
RIBS & CO RESTAURANTS LIMITED financials
Ribs & Co Restaurants Limited's latest turnover from March 2023 is estimated at £312 thousand and the company has net assets of -£92.8 thousand. According to their latest financial statements, Ribs & Co Restaurants Limited has 9 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 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 | 9 | 12 | 11 | 10 | 11 | 12 | 9 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 289,114 | 298,341 | 305,858 | 311,555 | 321,719 | 332,591 | 339,698 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 289,114 | 298,341 | 305,858 | 311,555 | 321,719 | 332,591 | 339,698 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 11,160 | 14,292 | 15,225 | 417 | 3,042 | 3,090 | 10,478 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,102 | 3,092 | 2,886 | 3,163 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 3,440 | 3,716 | 3,993 |
| total current assets | 15,262 | 17,384 | 18,111 | 3,580 | 6,482 | 6,806 | 14,471 |
| total assets | 304,376 | 315,725 | 323,969 | 315,135 | 328,201 | 339,397 | 354,169 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 283,779 | 259,698 | 260,027 | 293,863 | 288,696 | 273,010 | 260,446 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 283,779 | 259,698 | 260,027 | 293,863 | 288,696 | 273,010 | 260,446 |
| loans | 0 | 0 | 0 | 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 | 113,400 | 112,015 | 130,578 | 109,139 | 116,185 | 124,394 | 131,860 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 113,400 | 112,015 | 130,578 | 109,139 | 116,185 | 124,394 | 131,860 |
| total liabilities | 397,179 | 371,713 | 390,605 | 403,002 | 404,881 | 397,404 | 392,306 |
| net assets | -92,803 | -55,988 | -66,636 | -87,867 | -76,680 | -58,007 | -38,137 |
| total shareholders funds | -92,803 | -55,988 | -66,636 | -87,867 | -76,680 | -58,007 | -38,137 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -2,122 | -727 | 14,531 | 538 | -48 | -7,388 | 10,478 |
| Creditors | 24,081 | -329 | -33,836 | 5,167 | 15,686 | 12,564 | 260,446 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 1,385 | -18,563 | 21,439 | -7,046 | -8,209 | -7,466 | 131,860 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ribs & co restaurants limited Credit Report and Business Information
Ribs & Co Restaurants Limited Competitor Analysis
Perform a competitor analysis for ribs & co restaurants limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in BN3 area or any other competitors across 12 key performance metrics.
ribs & co restaurants limited Ownership
RIBS & CO RESTAURANTS LIMITED group structure
Ribs & Co Restaurants Limited has no subsidiary companies.
Ultimate parent company
RIBS & CO RESTAURANTS LIMITED
10081268
ribs & co restaurants limited directors
Ribs & Co Restaurants Limited currently has 1 director, Mr Colin Hazelton serving since Mar 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Colin Hazelton | England | 51 years | Mar 2016 | - | Director |
P&L
March 2023turnover
312k
+29%
operating profit
-36.8k
0%
gross margin
34.5%
+5.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-92.8k
+0.66%
total assets
304.4k
-0.04%
cash
0
0%
net assets
Total assets minus all liabilities
ribs & co restaurants limited company details
company number
10081268
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
March 2016
age
8
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
ribs & co resturant ltd (March 2016)
last accounts submitted
March 2023
address
1a city gate 185 dyke road, hove, BN3 1TL
accountant
-
auditor
-
ribs & co restaurants 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 ribs & co restaurants limited. Currently there are 3 open charges and 0 have been satisfied in the past.
ribs & co restaurants limited Companies House Filings - See Documents
| date | description | view/download |
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