bare bones churros limited
bare bones churros limited Company Information
Company Number
10631196
Website
-Registered Address
18 shenstone avenue, halesowen, B62 8QA
Industry
Event catering activities
Telephone
-
Next Accounts Due
November 2025
Group Structure
View All
Directors
Michael Evans7 Years
Shareholders
michael john evans 51%
timothy evans 25%
View Allbare bones churros limited Estimated Valuation
Pomanda estimates the enterprise value of BARE BONES CHURROS LIMITED at £67k based on a Turnover of £164.4k and 0.41x industry multiple (adjusted for size and gross margin).
bare bones churros limited Estimated Valuation
Pomanda estimates the enterprise value of BARE BONES CHURROS LIMITED at £0 based on an EBITDA of £-3.5k and a 3.41x industry multiple (adjusted for size and gross margin).
bare bones churros limited Estimated Valuation
Pomanda estimates the enterprise value of BARE BONES CHURROS LIMITED at £6.9k based on Net Assets of £14.4k and 0.48x industry multiple (adjusted for liquidity).
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Bare Bones Churros Limited Overview
Bare Bones Churros Limited is a live company located in halesowen, B62 8QA with a Companies House number of 10631196. It operates in the event catering activities sector, SIC Code 56210. Founded in February 2017, it's largest shareholder is michael john evans with a 51% stake. Bare Bones Churros Limited is a young, micro sized company, Pomanda has estimated its turnover at £164.4k with low growth in recent years.
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Bare Bones Churros Limited Health Check
Pomanda's financial health check has awarded Bare Bones Churros Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £164.4k, make it smaller than the average company (£425.7k)
- Bare Bones Churros Limited
£425.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (11.8%)
- Bare Bones Churros Limited
11.8% - Industry AVG
Production
with a gross margin of 23.6%, this company has a higher cost of product (44.7%)
- Bare Bones Churros Limited
44.7% - Industry AVG
Profitability
an operating margin of -2.1% make it less profitable than the average company (8.6%)
- Bare Bones Churros Limited
8.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
1 - Bare Bones Churros Limited
6 - Industry AVG
Pay Structure
on an average salary of £18.4k, the company has an equivalent pay structure (£18.4k)
- Bare Bones Churros Limited
£18.4k - Industry AVG
Efficiency
resulting in sales per employee of £164.4k, this is more efficient (£60.5k)
- Bare Bones Churros Limited
£60.5k - Industry AVG
Debtor Days
it gets paid by customers after 95 days, this is later than average (32 days)
- Bare Bones Churros Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 83 days, this is slower than average (27 days)
- Bare Bones Churros Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Bare Bones Churros Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Bare Bones Churros Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.8%, this is a lower level of debt than the average (79.1%)
66.8% - Bare Bones Churros Limited
79.1% - Industry AVG
BARE BONES CHURROS LIMITED financials
Bare Bones Churros Limited's latest turnover from February 2024 is estimated at £164.4 thousand and the company has net assets of £14.4 thousand. According to their latest financial statements, Bare Bones Churros Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 131 | 174 | 232 | 310 | 413 | 549 | 732 |
| 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 | 131 | 174 | 232 | 310 | 413 | 549 | 732 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 43,095 | 58,114 | 38,041 | 42,479 | 55,217 | 30,619 | 15,788 |
| 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 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 43,095 | 58,114 | 38,041 | 42,479 | 55,217 | 30,619 | 15,788 |
| total assets | 43,226 | 58,288 | 38,273 | 42,789 | 55,630 | 31,168 | 16,520 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 28,863 | 40,436 | 4,481 | 15,921 | 9,749 | 15,730 | 13,102 |
| 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 | 28,863 | 40,436 | 4,481 | 15,921 | 9,749 | 15,730 | 13,102 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 28,863 | 40,436 | 4,481 | 15,921 | 9,749 | 15,730 | 13,102 |
| net assets | 14,363 | 17,852 | 33,792 | 26,868 | 45,881 | 15,438 | 3,418 |
| total shareholders funds | 14,363 | 17,852 | 33,792 | 26,868 | 45,881 | 15,438 | 3,418 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -15,019 | 20,073 | -4,438 | -12,738 | 24,598 | 14,831 | 15,788 |
| Creditors | -11,573 | 35,955 | -11,440 | 6,172 | -5,981 | 2,628 | 13,102 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
bare bones churros limited Credit Report and Business Information
Bare Bones Churros Limited Competitor Analysis
Perform a competitor analysis for bare bones churros limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in B62 area or any other competitors across 12 key performance metrics.
bare bones churros limited Ownership
BARE BONES CHURROS LIMITED group structure
Bare Bones Churros Limited has no subsidiary companies.
Ultimate parent company
BARE BONES CHURROS LIMITED
10631196
bare bones churros limited directors
Bare Bones Churros Limited currently has 1 director, Mr Michael Evans serving since Feb 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Evans | United Kingdom | 65 years | Feb 2017 | - | Director |
P&L
February 2024turnover
164.4k
-12%
operating profit
-3.5k
0%
gross margin
23.6%
+39.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
14.4k
-0.2%
total assets
43.2k
-0.26%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
bare bones churros limited company details
company number
10631196
Type
Private limited with Share Capital
industry
56210 - Event catering activities
incorporation date
February 2017
age
7
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
February 2024
address
18 shenstone avenue, halesowen, B62 8QA
accountant
SRC ACCOUNTANCY SERVICES LIMITED
auditor
-
bare bones churros 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 bare bones churros limited.
bare bones churros limited Companies House Filings - See Documents
| date | description | view/download |
|---|
