splendid restaurants (colonel) ltd
splendid restaurants (colonel) ltd Company Information
Company Number
10250386
Website
-Registered Address
2 regal way, watford, WD24 4YJ
Industry
Take away food shops and mobile food stands
Telephone
02084299500
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
splendid real estate limited 100%
splendid restaurants (colonel) ltd Estimated Valuation
Pomanda estimates the enterprise value of SPLENDID RESTAURANTS (COLONEL) LTD at £20.6m based on a Turnover of £30.2m and 0.68x industry multiple (adjusted for size and gross margin).
splendid restaurants (colonel) ltd Estimated Valuation
Pomanda estimates the enterprise value of SPLENDID RESTAURANTS (COLONEL) LTD at £0 based on an EBITDA of £-262.6k and a 5.34x industry multiple (adjusted for size and gross margin).
splendid restaurants (colonel) ltd Estimated Valuation
Pomanda estimates the enterprise value of SPLENDID RESTAURANTS (COLONEL) LTD at £0 based on Net Assets of £-7.7m and 0.27x industry multiple (adjusted for liquidity).
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Splendid Restaurants (colonel) Ltd Overview
Splendid Restaurants (colonel) Ltd is a live company located in watford, WD24 4YJ with a Companies House number of 10250386. It operates in the take-away food shops and mobile food stands sector, SIC Code 56103. Founded in June 2016, it's largest shareholder is splendid real estate limited with a 100% stake. Splendid Restaurants (colonel) Ltd is a young, large sized company, Pomanda has estimated its turnover at £30.2m with declining growth in recent years.
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Splendid Restaurants (colonel) Ltd Health Check
Pomanda's financial health check has awarded Splendid Restaurants (Colonel) Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £30.2m, make it larger than the average company (£211.9k)
£30.2m - Splendid Restaurants (colonel) Ltd
£211.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (7.1%)
-18% - Splendid Restaurants (colonel) Ltd
7.1% - Industry AVG
Production
with a gross margin of 19.7%, this company has a higher cost of product (46.5%)
19.7% - Splendid Restaurants (colonel) Ltd
46.5% - Industry AVG
Profitability
an operating margin of -8.6% make it less profitable than the average company (6%)
-8.6% - Splendid Restaurants (colonel) Ltd
6% - Industry AVG
Employees
with 730 employees, this is above the industry average (6)
730 - Splendid Restaurants (colonel) Ltd
6 - Industry AVG
Pay Structure
on an average salary of £11.1k, the company has an equivalent pay structure (£11.5k)
£11.1k - Splendid Restaurants (colonel) Ltd
£11.5k - Industry AVG
Efficiency
resulting in sales per employee of £41.4k, this is equally as efficient (£39.4k)
£41.4k - Splendid Restaurants (colonel) Ltd
£39.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Splendid Restaurants (colonel) Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is slower than average (18 days)
33 days - Splendid Restaurants (colonel) Ltd
18 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is in line with average (3 days)
3 days - Splendid Restaurants (colonel) Ltd
3 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (29 weeks)
4 weeks - Splendid Restaurants (colonel) Ltd
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 129.2%, this is a higher level of debt than the average (78.4%)
129.2% - Splendid Restaurants (colonel) Ltd
78.4% - Industry AVG
SPLENDID RESTAURANTS (COLONEL) LTD financials
Splendid Restaurants (Colonel) Ltd's latest turnover from December 2022 is £30.2 million and the company has net assets of -£7.7 million. According to their latest financial statements, Splendid Restaurants (Colonel) Ltd has 730 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 30,238,628 | 76,674,161 | 56,018,236 | 55,850,320 | 36,892,094 | 14,949,216 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 24,289,143 | 52,543,452 | 41,545,569 | 39,650,123 | 26,081,674 | 9,904,295 | 0 |
| Gross Profit | 5,949,485 | 24,130,709 | 14,472,667 | 16,200,197 | 10,810,420 | 5,044,921 | 0 |
| Admin Expenses | 8,557,560 | 19,804,455 | 14,539,844 | 18,403,676 | 12,783,824 | 5,740,905 | 0 |
| Operating Profit | -2,608,075 | 4,326,254 | -67,177 | -2,203,479 | -1,973,404 | -695,984 | 0 |
| Interest Payable | 691,345 | 823,403 | 958,574 | 999,933 | 647,459 | 191,119 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -3,299,420 | 3,502,851 | -1,025,751 | -3,203,412 | -2,620,863 | -887,103 | 0 |
| Tax | 458,403 | -1,719,191 | -473,010 | -18,811 | 192,405 | 86,963 | 0 |
| Profit After Tax | -2,841,017 | 1,783,660 | -1,498,761 | -3,222,223 | -2,428,458 | -800,140 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -2,841,017 | 1,783,660 | -1,498,761 | -3,222,223 | -2,428,458 | -800,140 | 0 |
| Employee Costs | 8,108,999 | 18,557,877 | 16,759,738 | 15,697,718 | 10,288,864 | 4,359,268 | 0 |
| Number Of Employees | 730 | 1,529 | 1,489 | 1,440 | 1,010 | 571 | |
| EBITDA* | -262,633 | 10,180,040 | 5,478,625 | 3,151,727 | 109,184 | 477,427 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,001,243 | 26,185,126 | 26,964,395 | 28,392,685 | 25,056,084 | 7,007,639 | 0 |
| Intangible Assets | 3,084,531 | 16,534,514 | 19,280,618 | 21,651,284 | 23,843,043 | 6,268,468 | 0 |
| Investments & Other | 1 | 0 | 0 | 25,000 | 25,000 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,085,775 | 42,719,640 | 46,245,013 | 50,068,969 | 48,924,127 | 13,276,107 | 0 |
| Stock & work in progress | 257,454 | 489,406 | 480,503 | 411,151 | 446,351 | 160,610 | 0 |
| Trade Debtors | 0 | 9,659 | 6,373 | 7,584 | 54,732 | 2,791 | 0 |
| Group Debtors | 14,854,878 | 0 | 0 | 0 | 0 | 750,000 | 0 |
| Misc Debtors | 2,037,024 | 1,268,767 | 805,248 | 3,861,014 | 2,184,557 | 912,114 | 2 |
| Cash | 1,243,070 | 7,983,270 | 4,367,048 | 3,284,649 | 2,130,393 | 1,407,578 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 18,392,426 | 9,751,102 | 5,659,172 | 7,564,398 | 4,816,033 | 3,233,093 | 2 |
| total assets | 26,478,201 | 52,470,742 | 51,904,185 | 57,633,367 | 53,740,160 | 16,509,200 | 2 |
| Bank overdraft | 0 | 0 | 331,277 | 0 | 0 | 0 | 0 |
| Bank loan | 2,929,000 | 29,825,010 | 2,900,000 | 2,800,000 | 2,312,500 | 2,250,000 | 0 |
| Trade Creditors | 2,231,120 | 5,180,864 | 5,829,020 | 4,873,258 | 4,428,589 | 1,835,364 | 0 |
| Group/Directors Accounts | 6,833,954 | 0 | 0 | 0 | 125,000 | 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 | 2,787,885 | 22,518,913 | 20,795,387 | 25,085,918 | 18,595,855 | 2,473,974 | 0 |
| total current liabilities | 14,781,959 | 57,524,787 | 29,855,684 | 32,759,176 | 25,461,944 | 6,559,338 | 0 |
| loans | 18,948,750 | 0 | 29,825,010 | 31,325,010 | 31,506,812 | 10,750,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 480,000 | 1,111,875 | 173,071 | 0 | 0 | 0 | 0 |
| total long term liabilities | 19,428,750 | 1,111,875 | 29,998,081 | 31,325,010 | 31,506,812 | 10,750,000 | 0 |
| total liabilities | 34,210,709 | 58,636,662 | 59,853,765 | 64,084,186 | 56,968,756 | 17,309,338 | 0 |
| net assets | -7,732,508 | -6,165,920 | -7,949,580 | -6,450,819 | -3,228,596 | -800,138 | 2 |
| total shareholders funds | -7,732,508 | -6,165,920 | -7,949,580 | -6,450,819 | -3,228,596 | -800,138 | 2 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -2,608,075 | 4,326,254 | -67,177 | -2,203,479 | -1,973,404 | -695,984 | 0 |
| Depreciation | 1,630,451 | 3,164,499 | 2,871,134 | 2,726,208 | 1,891,825 | 741,601 | 0 |
| Amortisation | 714,991 | 2,689,287 | 2,674,668 | 2,628,998 | 190,763 | 431,810 | 0 |
| Tax | 458,403 | -1,719,191 | -473,010 | -18,811 | 192,405 | 86,963 | 0 |
| Stock | -231,952 | 8,903 | 69,352 | -35,200 | 285,741 | 160,610 | 0 |
| Debtors | 15,613,476 | 466,805 | -3,056,977 | 1,629,309 | 574,384 | 1,664,903 | 2 |
| Creditors | -2,949,744 | -648,156 | 955,762 | 444,669 | 2,593,225 | 1,835,364 | 0 |
| Accruals and Deferred Income | -19,731,028 | 1,723,526 | -4,290,531 | 6,490,063 | 16,121,881 | 2,473,974 | 0 |
| Deferred Taxes & Provisions | -631,875 | 938,804 | 173,071 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -38,498,401 | 9,999,315 | 4,831,542 | 8,473,539 | 18,156,570 | 3,048,215 | -2 |
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | -36,325,770 | -14,693,868 | 0 | |
| Change in Investments | 1 | 0 | -25,000 | 0 | 25,000 | 0 | 0 |
| cash flow from investments | 0 | 25,000 | 0 | -36,350,770 | -14,693,868 | 0 | |
| Financing Activities | |||||||
| Bank loans | -26,896,010 | 26,925,010 | 100,000 | 487,500 | 62,500 | 2,250,000 | 0 |
| Group/Directors Accounts | 6,833,954 | 0 | 0 | -125,000 | 125,000 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 18,948,750 | -29,825,010 | -1,500,000 | -181,802 | 20,756,812 | 10,750,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -691,345 | -823,403 | -958,574 | -999,933 | -647,459 | -191,119 | 0 |
| cash flow from financing | -530,222 | -3,723,403 | -2,358,574 | -819,235 | 20,296,853 | 12,808,881 | 2 |
| cash and cash equivalents | |||||||
| cash | -6,740,200 | 3,616,222 | 1,082,399 | 1,154,256 | 722,815 | 1,407,578 | 0 |
| overdraft | 0 | -331,277 | 331,277 | 0 | 0 | 0 | 0 |
| change in cash | -6,740,200 | 3,947,499 | 751,122 | 1,154,256 | 722,815 | 1,407,578 | 0 |
splendid restaurants (colonel) ltd Credit Report and Business Information
Splendid Restaurants (colonel) Ltd Competitor Analysis
Perform a competitor analysis for splendid restaurants (colonel) ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other large companies, companies in WD24 area or any other competitors across 12 key performance metrics.
splendid restaurants (colonel) ltd Ownership
SPLENDID RESTAURANTS (COLONEL) LTD group structure
Splendid Restaurants (Colonel) Ltd has 1 subsidiary company.
Ultimate parent company
2 parents
SPLENDID RESTAURANTS (COLONEL) LTD
10250386
1 subsidiary
splendid restaurants (colonel) ltd directors
Splendid Restaurants (Colonel) Ltd currently has 2 directors. The longest serving directors include Mr Nadeem Boghani (Jun 2016) and Mr Shiraz Boghani (Jun 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nadeem Boghani | 45 years | Jun 2016 | - | Director | |
| Mr Shiraz Boghani | United Kingdom | 73 years | Jun 2016 | - | Director |
P&L
December 2022turnover
30.2m
-61%
operating profit
-2.6m
-160%
gross margin
19.7%
-37.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-7.7m
+0.25%
total assets
26.5m
-0.5%
cash
1.2m
-0.84%
net assets
Total assets minus all liabilities
Similar Companies
splendid restaurants (colonel) ltd company details
company number
10250386
Type
Private limited with Share Capital
industry
56103 - Take away food shops and mobile food stands
incorporation date
June 2016
age
8
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
2 regal way, watford, WD24 4YJ
accountant
-
auditor
BDO LLP
splendid restaurants (colonel) 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 found 5 charges/mortgages relating to splendid restaurants (colonel) ltd. Currently there are 5 open charges and 0 have been satisfied in the past.
splendid restaurants (colonel) ltd Companies House Filings - See Documents
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