tares food limited
tares food limited Company Information
Company Number
10232314
Website
-Registered Address
76 windmill lane, stratford, london, E15 1PH
Industry
Other food service activities
Event catering activities
Telephone
02033027160
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
ayebatari christabel olusola 100%
tares food limited Estimated Valuation
Pomanda estimates the enterprise value of TARES FOOD LIMITED at £5.8k based on a Turnover of £14.5k and 0.4x industry multiple (adjusted for size and gross margin).
tares food limited Estimated Valuation
Pomanda estimates the enterprise value of TARES FOOD LIMITED at £16.3k based on an EBITDA of £4.7k and a 3.47x industry multiple (adjusted for size and gross margin).
tares food limited Estimated Valuation
Pomanda estimates the enterprise value of TARES FOOD LIMITED at £0 based on Net Assets of £-2.6k and 2.9x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Tares Food Limited Overview
Tares Food Limited is a live company located in london, E15 1PH with a Companies House number of 10232314. It operates in the event catering activities sector, SIC Code 56210. Founded in June 2016, it's largest shareholder is ayebatari christabel olusola with a 100% stake. Tares Food Limited is a young, micro sized company, Pomanda has estimated its turnover at £14.5k with declining growth in recent years.
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Tares Food Limited Health Check
Pomanda's financial health check has awarded Tares Food Limited a 1.5 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
1 Strong
1 Regular
7 Weak
Size
annual sales of £14.5k, make it smaller than the average company (£1m)
- Tares Food Limited
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of -35%, show it is growing at a slower rate (4.8%)
- Tares Food Limited
4.8% - Industry AVG
Production
with a gross margin of 17%, this company has a higher cost of product (34.5%)
- Tares Food Limited
34.5% - Industry AVG
Profitability
an operating margin of 32.3% make it more profitable than the average company (4.8%)
- Tares Food Limited
4.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (13)
- Tares Food Limited
13 - Industry AVG
Pay Structure
on an average salary of £20.7k, the company has an equivalent pay structure (£20.7k)
- Tares Food Limited
£20.7k - Industry AVG
Efficiency
resulting in sales per employee of £14.5k, this is less efficient (£60.6k)
- Tares Food Limited
£60.6k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is later than average (31 days)
- Tares Food Limited
31 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Tares Food Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Tares Food Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Tares Food Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 219.6%, this is a higher level of debt than the average (76.6%)
219.6% - Tares Food Limited
76.6% - Industry AVG
TARES FOOD LIMITED financials
Tares Food Limited's latest turnover from June 2023 is estimated at £14.5 thousand and the company has net assets of -£2.6 thousand. According to their latest financial statements, we estimate that Tares Food Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 10,845 | 10,961 | |||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | 0 | 0 | |||||
| Interest Receivable | 0 | 0 | |||||
| Pre-Tax Profit | 282 | -7,823 | |||||
| Tax | 0 | 0 | |||||
| Profit After Tax | 282 | -7,823 | |||||
| Dividends Paid | 0 | 0 | |||||
| Retained Profit | 282 | -7,823 | |||||
| Employee Costs | |||||||
| Number Of Employees | 1 | 1 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,206 | 861 | 1,716 | 9,017 | 81 | 329 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 454 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,206 | 861 | 1,716 | 9,017 | 81 | 329 | 454 |
| total assets | 2,206 | 861 | 1,716 | 9,017 | 81 | 329 | 454 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 96 | 122 | 2,410 |
| 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 | 0 | 0 | 0 | 0 | 96 | 122 | 2,410 |
| 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 | 4,845 | 7,018 | 8,338 | 11,000 | 1,810 | 2,110 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,845 | 7,018 | 8,338 | 11,000 | 1,810 | 2,110 | 0 |
| total liabilities | 4,845 | 7,018 | 8,338 | 11,000 | 1,906 | 2,232 | 2,410 |
| net assets | -2,639 | -6,157 | -6,622 | -1,983 | -1,825 | -1,903 | -1,956 |
| total shareholders funds | -2,639 | -6,157 | -6,622 | -1,983 | -1,825 | -1,903 | -1,956 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | |||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,345 | -855 | -7,301 | 8,936 | -248 | 329 | 0 |
| Creditors | 0 | 0 | 0 | -96 | -26 | -2,288 | 2,410 |
| 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 | -2,173 | -1,320 | -2,662 | 9,190 | -300 | 2,110 | 0 |
| share issue | |||||||
| interest | 0 | 0 | |||||
| cash flow from financing | -1,137 | 522 | |||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | -454 | 454 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | -454 | 454 |
tares food limited Credit Report and Business Information
Tares Food Limited Competitor Analysis
Perform a competitor analysis for tares food limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in E15 area or any other competitors across 12 key performance metrics.
tares food limited Ownership
TARES FOOD LIMITED group structure
Tares Food Limited has no subsidiary companies.
Ultimate parent company
TARES FOOD LIMITED
10232314
tares food limited directors
Tares Food Limited currently has 2 directors. The longest serving directors include Mrs Ayebatari Olusola (Jun 2016) and Ms Olamide Olusola (Jun 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Ayebatari Olusola | England | 64 years | Jun 2016 | - | Director |
| Ms Olamide Olusola | England | 35 years | Jun 2016 | - | Director |
P&L
June 2023turnover
14.5k
+34%
operating profit
4.7k
0%
gross margin
17%
+21.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-2.6k
-0.57%
total assets
2.2k
+1.56%
cash
0
0%
net assets
Total assets minus all liabilities
tares food limited company details
company number
10232314
Type
Private limited with Share Capital
industry
56290 - Other food service activities
56210 - Event catering activities
incorporation date
June 2016
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
76 windmill lane, stratford, london, E15 1PH
Bank
-
Legal Advisor
-
tares food 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 tares food limited.
tares food limited Companies House Filings - See Documents
| date | description | view/download |
|---|
