Akarsu Turkish Restaurant And Grill Limited

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akarsu turkish restaurant and grill limited Company Information

Live

YoungSmallDeclining

Company Number

10196033

Website

www.akarsuturkishrestaurantdurham.co.uk

Registered Address

21 silver street, durham, DH1 3RB

Industry

Licensed restaurants

Telephone

01913830292

Next Accounts Due

February 2025

Group Structure

View All

Directors

Joanne Akarsu8 Years

Cengiz Akarsu8 Years

Shareholders

joanne louise akarsu 50%

cengiz akarsu 50%

akarsu turkish restaurant and grill limited Estimated Valuation

£356.2k

Pomanda estimates the enterprise value of AKARSU TURKISH RESTAURANT AND GRILL LIMITED at £356.2k based on a Turnover of £553.6k and 0.64x industry multiple (adjusted for size and gross margin).

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Akarsu Turkish Restaurant And Grill Limited is a live company located in durham, DH1 3RB with a Companies House number of 10196033. It operates in the licenced restaurants sector, SIC Code 56101. Founded in May 2016, it's largest shareholder is joanne louise akarsu with a 50% stake. Akarsu Turkish Restaurant And Grill Limited is a young, small sized company, Pomanda has estimated its turnover at £553.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Akarsu Turkish Restaurant And Grill Limited a 3 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

Health Rating3out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £553.6k, make it smaller than the average company (£1.8m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (4.8%)

EXPORT

Akarsu Turkish Restaurant And Grill Limited's latest turnover from May 2023 is estimated at £553.6 thousand and the company has net assets of £113.4 thousand. According to their latest financial statements, Akarsu Turkish Restaurant And Grill Limited has 14 employees and maintains cash reserves of £11.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017
Turnover	553,567	457,749	289,805	589,986	313,389	247,319	376,416
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	247,578	195,627	119,658	239,545	125,506	97,362	141,485
Gross Profit	305,989	262,122	170,147	350,441	187,883	149,957	234,931
Admin Expenses	265,138	261,172	71,476	349,566	180,161	146,026	228,067
Operating Profit	40,851	950	98,671	875	7,722	3,931	6,864
Interest Payable	5,434	4,264	4,092	2,872	830	0	0
Interest Receivable	856	332	59	53	128	34	10
Pre-Tax Profit	36,272	-2,981	94,638	-1,944	7,020	3,964	6,874
Tax	-9,068	0	-17,981	0	-1,334	-753	-1,306
Profit After Tax	27,204	-2,981	76,657	-1,944	5,686	3,211	5,568
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	27,204	-2,981	76,657	-1,944	5,686	3,211	5,568
Employee Costs	266,157	264,137	201,592	257,488	179,842	138,711	166,252
Number Of Employees	14	15	12	15	10	8	10
EBITDA*	62,394	13,514	113,151	4,186	10,166	7,445	6,864

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017
Tangible Assets	178,447	117,820	105,094	36,473	27,069	23,378	16,578
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	178,447	117,820	105,094	36,473	27,069	23,378	16,578
Stock & work in progress	23,000	3,890	8,250	6,500	11,205	9,105	3,300
Trade Debtors	0	0	3,543	0	880	966	5,081
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	88,727	91,676	138,396	9,080	0	198	0
Cash	11,374	26,654	39,826	77,889	28,446	5,563	7,913
misc current assets	0	0	2,736	0	0	0	0
total current assets	123,101	122,220	192,751	93,469	40,531	15,832	16,294
total assets	301,548	240,040	297,845	129,942	67,600	39,210	32,872
Bank overdraft	0	0	0	0	0	0	0
Bank loan	10,539	10,956	5,000	5,000	5,000	0	0
Trade Creditors	18,243	1,711	64,113	0	0	0	0
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	64,815	89,494	72,754	36,072	28,550	28,374	27,302
total current liabilities	93,597	102,161	141,867	41,072	33,550	28,374	27,302
loans	35,739	46,278	59,583	64,583	19,583	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	58,809	5,402	7,215	11,764	0	2,055	0
provisions	0	0	0	0	0	0	0
total long term liabilities	94,548	51,680	66,798	76,347	19,583	2,055	0
total liabilities	188,145	153,841	208,665	117,419	53,133	30,429	27,302
net assets	113,403	86,199	89,180	12,523	14,467	8,781	5,570
total shareholders funds	113,403	86,199	89,180	12,523	14,467	8,781	5,570

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017
Operating Activities
Operating Profit	40,851	950	98,671	875	7,722	3,931	6,864
Depreciation	21,543	12,564	14,480	3,311	2,444	3,514	0
Amortisation	0	0	0	0	0	0	0
Tax	-9,068	0	-17,981	0	-1,334	-753	-1,306
Stock	19,110	-4,360	1,750	-4,705	2,100	5,805	3,300
Debtors	-2,949	-50,263	132,859	8,200	-284	-3,917	5,081
Creditors	16,532	-62,402	64,113	0	0	0	0
Accruals and Deferred Income	-24,679	16,740	36,682	7,522	176	1,072	27,302
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	29,018	22,475	61,356	8,213	7,192	5,876	24,479
Investing Activities
capital expenditure	-82,170	-25,290	-83,101	-12,715	-6,135	-10,314	-16,578
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	-82,170	-25,290	-83,101	-12,715	-6,135	-10,314	-16,578
Financing Activities
Bank loans	-417	5,956	0	0	5,000	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	-10,539	-13,305	-5,000	45,000	19,583	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	53,407	-1,813	-4,549	11,764	-2,055	2,055	0
share issue	0	0	0	0	0	0	2
interest	-4,578	-3,932	-4,033	-2,819	-702	34	10
cash flow from financing	37,873	-13,094	-13,582	53,945	21,826	2,089	12
cash and cash equivalents
cash	-15,280	-13,172	-38,063	49,443	22,883	-2,350	7,913
overdraft	0	0	0	0	0	0	0
change in cash	-15,280	-13,172	-38,063	49,443	22,883	-2,350	7,913

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for akarsu turkish restaurant and grill limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in DH1 area or any other competitors across 12 key performance metrics.

AKARSU TURKISH RESTAURANT AND GRILL LIMITED group structure

Akarsu Turkish Restaurant And Grill Limited has no subsidiary companies.

Ultimate parent company

AKARSU TURKISH RESTAURANT AND GRILL LIMITED

10196033

AKARSU TURKISH RESTAURANT AND GRILL LIMITED Shareholders

joanne louise akarsu	50%
cengiz akarsu	50%

Akarsu Turkish Restaurant And Grill Limited currently has 2 directors. The longest serving directors include Ms Joanne Akarsu (May 2016) and Mr Cengiz Akarsu (May 2016).

officer	country	age	start	end	role
Ms Joanne Akarsu	England	49 years	May 2016	-	Director
Mr Cengiz Akarsu	England	40 years	May 2016	-	Director

P&L

May 2023

turnover

553.6k

+21%

operating profit

40.9k

gross margin

55.3%

-3.47%

turnover

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

Balance Sheet

May 2023

net assets

113.4k

+0.32%

total assets

301.5k

+0.26%

cash

11.4k

-0.57%

net assets

Total assets minus all liabilities

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company number

10196033

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

incorporation date

May 2016

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

May 2023

address

21 silver street, durham, DH1 3RB

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 akarsu turkish restaurant and grill limited.

akarsu turkish restaurant and grill limited Company Information

akarsu turkish restaurant and grill limited Estimated Valuation

akarsu turkish restaurant and grill limited Estimated Valuation

akarsu turkish restaurant and grill limited Estimated Valuation

Akarsu Turkish Restaurant And Grill Limited Overview

Akarsu Turkish Restaurant And Grill Limited Health Check

AKARSU TURKISH RESTAURANT AND GRILL LIMITED financials

akarsu turkish restaurant and grill limited Credit Report and Business Information

Akarsu Turkish Restaurant And Grill Limited Competitor Analysis

akarsu turkish restaurant and grill limited Ownership

akarsu turkish restaurant and grill limited directors

akarsu turkish restaurant and grill limited company details

akarsu turkish restaurant and grill limited Charges & Mortgages

akarsu turkish restaurant and grill limited Companies House Filings - See Documents