mr singhs east london limited

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mr singhs east london limited Company Information

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Company Number

10221734

Registered Address

387 eastern avenue, ilford, IG2 6LR

Industry

Unlicensed restaurants and cafes

 

Telephone

02082701234

Next Accounts Due

March 2025

Group Structure

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Directors

Jasneet Singh8 Years

Tasvinder Kaur8 Years

Shareholders

jasneet singh 51%

tasvinder kaur 49%

mr singhs east london limited Estimated Valuation

£218.2k

Pomanda estimates the enterprise value of MR SINGHS EAST LONDON LIMITED at £218.2k based on a Turnover of £319k and 0.68x industry multiple (adjusted for size and gross margin).

mr singhs east london limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MR SINGHS EAST LONDON LIMITED at £0 based on an EBITDA of £-111.2k and a 3.77x industry multiple (adjusted for size and gross margin).

mr singhs east london limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MR SINGHS EAST LONDON LIMITED at £0 based on Net Assets of £-159.2k and 3.72x industry multiple (adjusted for liquidity).

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Mr Singhs East London Limited Overview

Mr Singhs East London Limited is a live company located in ilford, IG2 6LR with a Companies House number of 10221734. It operates in the unlicenced restaurants and cafes sector, SIC Code 56102. Founded in June 2016, it's largest shareholder is jasneet singh with a 51% stake. Mr Singhs East London Limited is a young, micro sized company, Pomanda has estimated its turnover at £319k with low growth in recent years.

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Mr Singhs East London Limited Health Check

Pomanda's financial health check has awarded Mr Singhs East London Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £319k, make it in line with the average company (£391.3k)

£319k - Mr Singhs East London Limited

£391.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (10.8%)

3% - Mr Singhs East London Limited

10.8% - Industry AVG

production

Production

with a gross margin of 37.2%, this company has a higher cost of product (60%)

37.2% - Mr Singhs East London Limited

60% - Industry AVG

profitability

Profitability

an operating margin of -34.9% make it less profitable than the average company (0.4%)

-34.9% - Mr Singhs East London Limited

0.4% - Industry AVG

employees

Employees

with 10 employees, this is below the industry average (15)

10 - Mr Singhs East London Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £11.6k, the company has an equivalent pay structure (£11.6k)

£11.6k - Mr Singhs East London Limited

£11.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £31.9k, this is less efficient (£38.4k)

£31.9k - Mr Singhs East London Limited

£38.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 35 days, this is later than average (5 days)

35 days - Mr Singhs East London Limited

5 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 236 days, this is slower than average (30 days)

236 days - Mr Singhs East London Limited

30 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Mr Singhs East London Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Mr Singhs East London Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 233.8%, this is a higher level of debt than the average (75.8%)

233.8% - Mr Singhs East London Limited

75.8% - Industry AVG

MR SINGHS EAST LONDON LIMITED financials

EXPORTms excel logo

Mr Singhs East London Limited's latest turnover from June 2023 is estimated at £319 thousand and the company has net assets of -£159.2 thousand. According to their latest financial statements, Mr Singhs East London Limited has 10 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017
Turnover319,008248,000232,185291,376337,020237,031154,594
Other Income Or Grants0000000
Cost Of Sales200,492141,514146,184174,095200,599140,98089,648
Gross Profit118,516106,48786,001117,280136,42196,05164,946
Admin Expenses229,746140,89416,438115,270142,703114,608111,624
Operating Profit-111,230-34,40769,5632,010-6,282-18,557-46,678
Interest Payable0000000
Interest Receivable0000000
Pre-Tax Profit-111,230-34,40769,5632,010-6,282-18,557-46,678
Tax00-13,217-382000
Profit After Tax-111,230-34,40756,3461,628-6,282-18,557-46,678
Dividends Paid0000000
Retained Profit-111,230-34,40756,3461,628-6,282-18,557-46,678
Employee Costs116,07791,42688,659113,860138,980104,18342,167
Number Of Employees10881013104
EBITDA*-111,230-34,40769,5632,010-6,282-18,557-46,678

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017
Tangible Assets87,625107,400128,883153,074180,363209,857246,588
Intangible Assets0000000
Investments & Other0000000
Debtors (Due After 1 year)0000000
Total Fixed Assets87,625107,400128,883153,074180,363209,857246,588
Stock & work in progress0000000
Trade Debtors31,32345,92677,13330,03613,86212,0507,264
Group Debtors0000000
Misc Debtors000051300
Cash0000000
misc current assets000002500
total current assets31,32345,92677,13330,03614,37512,3007,264
total assets118,948153,326206,016183,110194,738222,157253,852
Bank overdraft0000000
Bank loan0000000
Trade Creditors 129,78552,93326,91637,979264,255131,013142,250
Group/Directors Accounts00000148,671134,946
other short term finances0000000
hp & lease commitments0000000
other current liabilities0000000
total current liabilities129,78552,93326,91637,979264,255279,684277,196
loans0000000
hp & lease commitments0000000
Accruals and Deferred Income003002,0002,0002,0002,100
other liabilities148,343148,343192,343213,02005,70821,234
provisions0000000
total long term liabilities148,343148,343192,643215,0202,0007,70823,334
total liabilities278,128201,276219,559252,999266,255287,392300,530
net assets-159,180-47,950-13,543-69,889-71,517-65,235-46,678
total shareholders funds-159,180-47,950-13,543-69,889-71,517-65,235-46,678
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017
Operating Activities
Operating Profit-111,230-34,40769,5632,010-6,282-18,557-46,678
Depreciation0000000
Amortisation0000000
Tax00-13,217-382000
Stock0000000
Debtors-14,603-31,20747,09715,6612,3254,7867,264
Creditors76,85226,017-11,063-226,276133,242-11,237142,250
Accruals and Deferred Income0-300-1,70000-1002,100
Deferred Taxes & Provisions0000000
Cash flow from operations-19,77522,517-3,514-240,309124,635-34,68090,408
Investing Activities
capital expenditure19,77521,48324,19127,28929,49436,731-246,588
Change in Investments0000000
cash flow from investments19,77521,48324,19127,28929,49436,731-246,588
Financing Activities
Bank loans0000000
Group/Directors Accounts0000-148,67113,725134,946
Other Short Term Loans 0000000
Long term loans0000000
Hire Purchase and Lease Commitments0000000
other long term liabilities0-44,000-20,677213,020-5,708-15,52621,234
share issue0000000
interest0000000
cash flow from financing0-44,000-20,677213,020-154,379-1,801156,180
cash and cash equivalents
cash0000000
overdraft0000000
change in cash0000000

mr singhs east london 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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Mr Singhs East London Limited Competitor Analysis

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mr singhs east london limited Ownership

MR SINGHS EAST LONDON LIMITED group structure

Mr Singhs East London Limited has no subsidiary companies.

Ultimate parent company

MR SINGHS EAST LONDON LIMITED

10221734

MR SINGHS EAST LONDON LIMITED Shareholders

jasneet singh 51%
tasvinder kaur 49%

mr singhs east london limited directors

Mr Singhs East London Limited currently has 2 directors. The longest serving directors include Mr Jasneet Singh (Jun 2016) and Mrs Tasvinder Kaur (Jun 2016).

officercountryagestartendrole
Mr Jasneet SinghEngland33 years Jun 2016- Director
Mrs Tasvinder KaurEngland37 years Jun 2016- Director

P&L

June 2023

turnover

319k

+29%

operating profit

-111.2k

0%

gross margin

37.2%

-13.48%

turnover

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

Balance Sheet

June 2023

net assets

-159.2k

+2.32%

total assets

118.9k

-0.22%

cash

0

0%

net assets

Total assets minus all liabilities

mr singhs east london limited company details

company number

10221734

Type

Private limited with Share Capital

industry

56102 - Unlicensed restaurants and cafes

incorporation date

June 2016

age

8

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

UK

address

387 eastern avenue, ilford, IG2 6LR

last accounts submitted

June 2023

mr singhs east london 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 mr singhs east london limited.

charges

mr singhs east london limited Companies House Filings - See Documents

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