strikeways ltd

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strikeways ltd Company Information

Share STRIKEWAYS LTD

Company Number

10183923

Shareholders

ferat baran

yasar duzgun

Group Structure

View All

Industry

Take away food shops and mobile food stands

 

Registered Address

6 station road, manningtree, essex, CO11 1AA

Website

-

strikeways ltd Estimated Valuation

£104.7k

Pomanda estimates the enterprise value of STRIKEWAYS LTD at £104.7k based on a Turnover of £181.9k and 0.58x industry multiple (adjusted for size and gross margin).

strikeways ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of STRIKEWAYS LTD at £0 based on an EBITDA of £-106.2k and a 3.38x industry multiple (adjusted for size and gross margin).

strikeways ltd Estimated Valuation

£94.1k

Pomanda estimates the enterprise value of STRIKEWAYS LTD at £94.1k based on Net Assets of £35.6k and 2.65x industry multiple (adjusted for liquidity).

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Strikeways Ltd Overview

Strikeways Ltd is a live company located in essex, CO11 1AA with a Companies House number of 10183923. It operates in the take-away food shops and mobile food stands sector, SIC Code 56103. Founded in May 2016, it's largest shareholder is ferat baran with a 50% stake. Strikeways Ltd is a young, micro sized company, Pomanda has estimated its turnover at £181.9k with rapid growth in recent years.

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Strikeways Ltd Health Check

Pomanda's financial health check has awarded Strikeways Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £181.9k, make it larger than the average company (£133.3k)

£181.9k - Strikeways Ltd

£133.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 168%, show it is growing at a faster rate (7.5%)

168% - Strikeways Ltd

7.5% - Industry AVG

production

Production

with a gross margin of 27.1%, this company has a higher cost of product (53.4%)

27.1% - Strikeways Ltd

53.4% - Industry AVG

profitability

Profitability

an operating margin of -58.4% make it less profitable than the average company (2.7%)

-58.4% - Strikeways Ltd

2.7% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (4)

3 - Strikeways Ltd

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £11.4k, the company has an equivalent pay structure (£11.4k)

£11.4k - Strikeways Ltd

£11.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £60.6k, this is more efficient (£40.2k)

£60.6k - Strikeways Ltd

£40.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 107 days, this is later than average (20 days)

107 days - Strikeways Ltd

20 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 37 days, this is slower than average (19 days)

37 days - Strikeways Ltd

19 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Strikeways Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Strikeways Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 44.5%, this is a lower level of debt than the average (78.1%)

44.5% - Strikeways Ltd

78.1% - Industry AVG

STRIKEWAYS LTD financials

EXPORTms excel logo

Strikeways Ltd's latest turnover from April 2024 is estimated at £181.9 thousand and the company has net assets of £35.6 thousand. According to their latest financial statements, Strikeways Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017
Turnover181,871127,93913,3719,40549,60519,69322,56624,798
Other Income Or Grants
Cost Of Sales132,55388,8258,7666,08132,87412,97914,87414,126
Gross Profit49,31839,1144,6053,32516,7316,7147,69210,672
Admin Expenses155,504-5,863-62,114-50,318-9,313-3,43025,3058,185
Operating Profit-106,18644,97766,71953,64326,04410,144-17,6132,487
Interest Payable2,2553,1721,525
Interest Receivable5991,59845753278211
Pre-Tax Profit-105,58744,32064,00452,17026,07010,226-17,6022,488
Tax-11,080-12,161-9,912-4,953-1,943-473
Profit After Tax-105,58733,24051,84342,25821,1178,283-17,6022,015
Dividends Paid
Retained Profit-105,58733,24051,84342,25821,1178,283-17,6022,015
Employee Costs34,13434,08611,24210,55731,07610,91510,95510,305
Number Of Employees33113111
EBITDA*-106,18646,23667,29454,24826,68110,815-16,9072,487

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017
Tangible Assets10,69012,5776,7137,2887,8938,5309,2019,907
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets10,69012,5776,7137,2887,8938,5309,2019,907
Stock & work in progress9509509509504,5604,5602,500
Trade Debtors53,402
Group Debtors
Misc Debtors
Cash22,83652,34869,56935,75817,4434,292217
misc current assets181,529133,06649,720
total current assets53,402205,315186,364120,23936,70822,0038,8522,717
total assets64,092217,892193,077127,52744,60130,53318,05312,624
Bank overdraft43,99950,000
Bank loan
Trade Creditors 13,52576,7383,7243,7243,7243,7243,724
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities37,44017,73227,06434,11329,91610,609
total current liabilities13,52576,73885,16371,45630,78837,83733,64010,609
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities15,000
provisions
total long term liabilities15,000
total liabilities28,52576,73885,16371,45630,78837,83733,64010,609
net assets35,567141,154107,91456,07113,813-7,304-15,5872,015
total shareholders funds35,567141,154107,91456,07113,813-7,304-15,5872,015
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017
Operating Activities
Operating Profit-106,18644,97766,71953,64326,04410,144-17,6132,487
Depreciation1,259575605637671706
Amortisation
Tax-11,080-12,161-9,912-4,953-1,943-473
Stock-950-3,6102,0602,500
Debtors53,402
Creditors-63,21373,0143,724
Accruals and Deferred Income-37,44019,708-9,332-7,0494,19719,30710,609
Deferred Taxes & Provisions
Cash flow from operations-221,85170,73074,84135,00418,28913,0694,06410,123
Investing Activities
capital expenditure1,887-7,123-9,907
Change in Investments
cash flow from investments1,887-7,123-9,907
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities15,000
share issue
interest599-657-2,715-1,472278211
cash flow from financing15,599-657-2,715-1,472278211
cash and cash equivalents
cash-22,836-29,512-17,22133,81118,31513,1514,075217
overdraft-43,999-6,00150,000
change in cash-22,83614,487-11,220-16,18918,31513,1514,075217

strikeways ltd 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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Strikeways Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for strikeways ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in CO11 area or any other competitors across 12 key performance metrics.

strikeways ltd Ownership

STRIKEWAYS LTD group structure

Strikeways Ltd has no subsidiary companies.

Ultimate parent company

STRIKEWAYS LTD

10183923

STRIKEWAYS LTD Shareholders

ferat baran 50%
yasar duzgun 50%

strikeways ltd directors

Strikeways Ltd currently has 2 directors. The longest serving directors include Mr Yasar Duzgun (Jul 2016) and Mr Ferat Baran (Jun 2023).

officercountryagestartendrole
Mr Yasar DuzgunEngland60 years Jul 2016- Director
Mr Ferat BaranEngland37 years Jun 2023- Director

P&L

April 2024

turnover

181.9k

+42%

operating profit

-106.2k

0%

gross margin

27.2%

-11.3%

turnover

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

Balance Sheet

April 2024

net assets

35.6k

-0.75%

total assets

64.1k

-0.71%

cash

0

-1%

net assets

Total assets minus all liabilities

strikeways ltd company details

company number

10183923

Type

Private limited with Share Capital

industry

56103 - Take away food shops and mobile food stands

incorporation date

May 2016

age

9

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

April 2024

previous names

N/A

accountant

-

auditor

-

address

6 station road, manningtree, essex, CO11 1AA

Bank

-

Legal Advisor

-

strikeways 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 strikeways ltd.

strikeways 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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strikeways ltd Companies House Filings - See Documents

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