eric's st ives limited

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eric's st ives limited Company Information

Share ERIC'S ST IVES LIMITED

Company Number

10110485

Shareholders

eric's sfish & chips limited

abbey properties cambridgeshire limited

Group Structure

View All

Industry

Licensed restaurants

 +1

Registered Address

1 oak court, willow road, the lakes business, huntingdon, PE28 9RE

eric's st ives limited Estimated Valuation

£256.4k

Pomanda estimates the enterprise value of ERIC'S ST IVES LIMITED at £256.4k based on a Turnover of £373.3k and 0.69x industry multiple (adjusted for size and gross margin).

eric's st ives limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ERIC'S ST IVES LIMITED at £0 based on an EBITDA of £-121.9k and a 4.23x industry multiple (adjusted for size and gross margin).

eric's st ives limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ERIC'S ST IVES LIMITED at £0 based on Net Assets of £-482.3k and 2.68x industry multiple (adjusted for liquidity).

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Eric's St Ives Limited Overview

Eric's St Ives Limited is a live company located in huntingdon, PE28 9RE with a Companies House number of 10110485. It operates in the licenced restaurants sector, SIC Code 56101. Founded in April 2016, it's largest shareholder is eric's sfish & chips limited with a 50% stake. Eric's St Ives Limited is a young, micro sized company, Pomanda has estimated its turnover at £373.3k with declining growth in recent years.

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Eric's St Ives Limited Health Check

Pomanda's financial health check has awarded Eric'S St Ives Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

3 Regular

positive_score

8 Weak

size

Size

annual sales of £373.3k, make it smaller than the average company (£1.8m)

£373.3k - Eric's St Ives Limited

£1.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (9.7%)

-3% - Eric's St Ives Limited

9.7% - Industry AVG

production

Production

with a gross margin of 52.7%, this company has a comparable cost of product (52.7%)

52.7% - Eric's St Ives Limited

52.7% - Industry AVG

profitability

Profitability

an operating margin of -42% make it less profitable than the average company (2.8%)

-42% - Eric's St Ives Limited

2.8% - Industry AVG

employees

Employees

with 13 employees, this is below the industry average (32)

13 - Eric's St Ives Limited

32 - Industry AVG

paystructure

Pay Structure

on an average salary of £16k, the company has an equivalent pay structure (£16k)

£16k - Eric's St Ives Limited

£16k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £28.7k, this is less efficient (£48.4k)

£28.7k - Eric's St Ives Limited

£48.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 1 days, this is earlier than average (11 days)

1 days - Eric's St Ives Limited

11 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 33 days, this is close to average (33 days)

33 days - Eric's St Ives Limited

33 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 14 days, this is more than average (7 days)

14 days - Eric's St Ives Limited

7 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (17 weeks)

1 weeks - Eric's St Ives Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 505.3%, this is a higher level of debt than the average (80.4%)

505.3% - Eric's St Ives Limited

80.4% - Industry AVG

ERIC'S ST IVES LIMITED financials

EXPORTms excel logo

Eric'S St Ives Limited's latest turnover from December 2023 is estimated at £373.3 thousand and the company has net assets of -£482.3 thousand. According to their latest financial statements, Eric'S St Ives Limited has 13 employees and maintains cash reserves of £12 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Apr 2019Apr 2018Apr 2017
Turnover373,257326,032315,540405,860781,790141,13200
Other Income Or Grants00000000
Cost Of Sales176,610159,198155,264181,174320,46054,83300
Gross Profit196,647166,833160,276224,686461,33186,29800
Admin Expenses353,344249,963217,089305,562555,937108,19600
Operating Profit-156,697-83,130-56,813-80,876-94,606-21,89800
Interest Payable3,8073,8622,9761,5250000
Interest Receivable6659951353843610
Pre-Tax Profit-159,839-85,997-59,655-82,363-94,563-21,89200
Tax00000000
Profit After Tax-159,839-85,997-59,655-82,363-94,563-21,89200
Dividends Paid00000000
Retained Profit-159,839-85,997-59,655-82,363-94,563-21,89200
Employee Costs208,089188,288205,643228,477336,50357,79900
Number Of Employees1312141623400
EBITDA*-121,868-44,487-13,602-32,535-57,618-21,89800

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Apr 2019Apr 2018Apr 2017
Tangible Assets85,805220,393258,291297,653345,394137,79500
Intangible Assets00000000
Investments & Other00000000
Debtors (Due After 1 year)00000000
Total Fixed Assets85,805220,393258,291297,653345,394137,79500
Stock & work in progress6,8997,73511,5475,83614,282000
Trade Debtors1,2982283824,8470000
Group Debtors00000000
Misc Debtors13,03715,92018,48718,0437,93982,71300
Cash11,95313,39943,46564,25911,4571,627100100
misc current assets00000000
total current assets33,18737,28273,88192,98533,67884,340100100
total assets118,992257,675332,172390,638379,072222,135100100
Bank overdraft00000000
Bank loan4,5534,4429,5925,5170000
Trade Creditors 16,24127,14226,37021,61131,8554,53000
Group/Directors Accounts00000000
other short term finances00000000
hp & lease commitments00000000
other current liabilities553,449516,948497,041495,853441,680239,39700
total current liabilities574,243548,532533,003522,981473,535243,92700
loans27,06631,62135,65044,4830000
hp & lease commitments00000000
Accruals and Deferred Income00000000
other liabilities00000000
provisions00000000
total long term liabilities27,06631,62135,65044,4830000
total liabilities601,309580,153568,653567,464473,535243,92700
net assets-482,317-322,478-236,481-176,826-94,463-21,792100100
total shareholders funds-482,317-322,478-236,481-176,826-94,463-21,792100100
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Apr 2019Apr 2018Apr 2017
Operating Activities
Operating Profit-156,697-83,130-56,813-80,876-94,606-21,89800
Depreciation34,82938,64343,21148,34136,988000
Amortisation00000000
Tax00000000
Stock-836-3,8125,711-8,44614,282000
Debtors-1,813-2,721-4,02114,9517,93982,71300
Creditors-10,9017724,759-10,24431,8554,53000
Accruals and Deferred Income36,50119,9071,18854,173441,680239,39700
Deferred Taxes & Provisions00000000
Cash flow from operations-93,619-17,275-9,3454,889393,696139,31600
Investing Activities
capital expenditure99,759-745-3,849-600-382,382-137,79500
Change in Investments00000000
cash flow from investments99,759-745-3,849-600-382,382-137,79500
Financing Activities
Bank loans111-5,1504,0755,5170000
Group/Directors Accounts00000000
Other Short Term Loans 00000000
Long term loans-4,555-4,029-8,83344,4830000
Hire Purchase and Lease Commitments00000000
other long term liabilities00000000
share issue0000000100
interest-3,142-2,867-2,841-1,48743610
cash flow from financing-7,586-12,046-7,59948,5134361100
cash and cash equivalents
cash-1,446-30,066-20,79452,80211,3571,5270100
overdraft00000000
change in cash-1,446-30,066-20,79452,80211,3571,5270100

eric's st ives limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Eric's St Ives Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for eric's st ives limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in PE28 area or any other competitors across 12 key performance metrics.

eric's st ives limited Ownership

ERIC'S ST IVES LIMITED group structure

Eric'S St Ives Limited has no subsidiary companies.

Ultimate parent company

ERIC'S ST IVES LIMITED

10110485

ERIC'S ST IVES LIMITED Shareholders

eric's sfish & chips limited 50%
abbey properties cambridgeshire limited 50%

eric's st ives limited directors

Eric'S St Ives Limited currently has 4 directors. The longest serving directors include Mr Carl Sutton (Apr 2016) and Mr Nicholas Sutton (Apr 2016).

officercountryagestartendrole
Mr Carl SuttonUnited Kingdom50 years Apr 2016- Director
Mr Nicholas SuttonUnited Kingdom47 years Apr 2016- Director
Mrs Lydia SnaithEngland41 years Dec 2018- Director
Mr Eric SnaithEngland44 years Dec 2018- Director

P&L

December 2023

turnover

373.3k

+14%

operating profit

-156.7k

0%

gross margin

52.7%

+2.96%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

-482.3k

+0.5%

total assets

119k

-0.54%

cash

12k

-0.11%

net assets

Total assets minus all liabilities

eric's st ives limited company details

company number

10110485

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

56103 - Take away food shops and mobile food stands

incorporation date

April 2016

age

9

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

abbey group number five limited (December 2018)

accountant

MOORE

auditor

-

address

1 oak court, willow road, the lakes business, huntingdon, PE28 9RE

Bank

-

Legal Advisor

-

eric's st ives 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 eric's st ives limited.

eric's st ives limited 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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eric's st ives limited Companies House Filings - See Documents

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