splendid restaurants (harland) limited
splendid restaurants (harland) limited Company Information
Company Number
10692934
Website
-Registered Address
2 regal way, watford, WD24 4YJ
Industry
Other food service activities
Telephone
02084299500
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
splendid restaurants (colonel) ltd 100%
splendid restaurants (harland) limited Estimated Valuation
Pomanda estimates the enterprise value of SPLENDID RESTAURANTS (HARLAND) LIMITED at £39.1m based on a Turnover of £41.6m and 0.94x industry multiple (adjusted for size and gross margin).
splendid restaurants (harland) limited Estimated Valuation
Pomanda estimates the enterprise value of SPLENDID RESTAURANTS (HARLAND) LIMITED at £0 based on an EBITDA of £-1.6m and a 8.36x industry multiple (adjusted for size and gross margin).
splendid restaurants (harland) limited Estimated Valuation
Pomanda estimates the enterprise value of SPLENDID RESTAURANTS (HARLAND) LIMITED at £0 based on Net Assets of £-5.5m and 0.38x industry multiple (adjusted for liquidity).
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Splendid Restaurants (harland) Limited Overview
Splendid Restaurants (harland) Limited is a live company located in watford, WD24 4YJ with a Companies House number of 10692934. It operates in the other food services sector, SIC Code 56290. Founded in March 2017, it's largest shareholder is splendid restaurants (colonel) ltd with a 100% stake. Splendid Restaurants (harland) Limited is a young, large sized company, Pomanda has estimated its turnover at £41.6m with healthy growth in recent years.
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Splendid Restaurants (harland) Limited Health Check
Pomanda's financial health check has awarded Splendid Restaurants (Harland) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £41.6m, make it larger than the average company (£2.8m)
£41.6m - Splendid Restaurants (harland) Limited
£2.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (3.5%)
10% - Splendid Restaurants (harland) Limited
3.5% - Industry AVG
Production
with a gross margin of 22.4%, this company has a comparable cost of product (26.5%)
22.4% - Splendid Restaurants (harland) Limited
26.5% - Industry AVG
Profitability
an operating margin of -13.4% make it less profitable than the average company (3.4%)
-13.4% - Splendid Restaurants (harland) Limited
3.4% - Industry AVG
Employees
with 877 employees, this is above the industry average (25)
877 - Splendid Restaurants (harland) Limited
25 - Industry AVG
Pay Structure
on an average salary of £12.1k, the company has a lower pay structure (£24.2k)
£12.1k - Splendid Restaurants (harland) Limited
£24.2k - Industry AVG
Efficiency
resulting in sales per employee of £47.5k, this is less efficient (£76.8k)
£47.5k - Splendid Restaurants (harland) Limited
£76.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Splendid Restaurants (harland) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is close to average (37 days)
33 days - Splendid Restaurants (harland) Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (17 days)
3 days - Splendid Restaurants (harland) Limited
17 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (18 weeks)
2 weeks - Splendid Restaurants (harland) Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 124%, this is a higher level of debt than the average (69.7%)
124% - Splendid Restaurants (harland) Limited
69.7% - Industry AVG
SPLENDID RESTAURANTS (HARLAND) LIMITED financials
Splendid Restaurants (Harland) Limited's latest turnover from December 2022 is £41.6 million and the company has net assets of -£5.5 million. According to their latest financial statements, Splendid Restaurants (Harland) Limited has 877 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 41,647,583 | 44,928,774 | 33,475,522 | 31,219,009 | 14,324,008 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 32,333,532 | 29,624,871 | 23,586,730 | 21,426,770 | 10,393,996 | 0 |
| Gross Profit | 9,314,051 | 15,303,903 | 9,888,792 | 9,792,239 | 3,930,012 | 0 |
| Admin Expenses | 14,897,372 | 12,086,572 | 8,545,554 | 10,464,340 | 4,677,133 | 0 |
| Operating Profit | -5,583,321 | 3,217,331 | 1,343,238 | -672,101 | -747,121 | 0 |
| Interest Payable | 324,218 | 528,764 | 631,897 | 731,091 | 344,982 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -5,907,539 | 2,688,567 | 711,341 | -1,403,192 | -1,092,103 | 0 |
| Tax | 1,662,523 | -1,537,597 | -397,657 | -197,432 | -46,360 | 0 |
| Profit After Tax | -4,245,016 | 1,150,970 | 313,684 | -1,600,624 | -1,138,463 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -4,245,016 | 1,150,970 | 313,684 | -1,600,624 | -1,138,463 | 0 |
| Employee Costs | 10,578,460 | 9,765,034 | 8,844,212 | 8,062,274 | 4,001,491 | 0 |
| Number Of Employees | 877 | 851 | 825 | 772 | 428 | |
| EBITDA* | -1,567,966 | 7,669,031 | 4,809,043 | 2,635,438 | 691,119 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 9,082,656 | 20,493,471 | 20,630,021 | 21,460,262 | 18,013,864 | 0 |
| Intangible Assets | 10,797,230 | 12,734,992 | 14,713,354 | 16,588,568 | 18,204,778 | 0 |
| Investments & Other | 0 | 0 | 0 | 25,000 | 25,000 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 19,879,886 | 33,228,463 | 35,343,375 | 38,073,830 | 36,243,642 | 0 |
| Stock & work in progress | 321,433 | 285,510 | 264,710 | 222,722 | 249,230 | 0 |
| Trade Debtors | 0 | 0 | 5,540 | 361 | 52,827 | 1 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,221,112 | 674,467 | 571,334 | 1,828,716 | 892,012 | 0 |
| Cash | 1,582,184 | 2,450,152 | 4,367,048 | 1,877,094 | 1,125,524 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,124,729 | 3,410,129 | 5,208,632 | 3,928,893 | 2,319,593 | 1 |
| total assets | 23,004,615 | 36,638,592 | 40,552,007 | 42,002,723 | 38,563,235 | 1 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 21,700,010 | 1,650,000 | 1,650,000 | 1,237,500 | 0 |
| Trade Creditors | 2,995,797 | 2,975,945 | 3,064,829 | 2,565,124 | 1,871,146 | 0 |
| Group/Directors Accounts | 22,611,536 | 8,442,718 | 13,630,466 | 11,324,186 | 9,679,077 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,676,730 | 3,371,214 | 2,330,026 | 6,433,697 | 5,035,802 | 0 |
| total current liabilities | 28,284,063 | 36,489,887 | 20,675,321 | 21,973,007 | 17,823,525 | 0 |
| loans | 0 | 0 | 21,700,010 | 22,525,010 | 21,831,812 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 240,000 | 1,423,137 | 602,078 | 243,792 | 46,360 | 0 |
| total long term liabilities | 240,000 | 1,423,137 | 22,302,088 | 22,768,802 | 21,878,172 | 0 |
| total liabilities | 28,524,063 | 37,913,024 | 42,977,409 | 44,741,809 | 39,701,697 | 0 |
| net assets | -5,519,448 | -1,274,432 | -2,425,402 | -2,739,086 | -1,138,462 | 1 |
| total shareholders funds | -5,519,448 | -1,274,432 | -2,425,402 | -2,739,086 | -1,138,462 | 1 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -5,583,321 | 3,217,331 | 1,343,238 | -672,101 | -747,121 | 0 |
| Depreciation | 2,077,116 | 2,473,338 | 1,524,378 | 1,384,842 | 585,440 | 0 |
| Amortisation | 1,938,239 | 1,978,362 | 1,941,427 | 1,922,697 | 852,800 | 0 |
| Tax | 1,662,523 | -1,537,597 | -397,657 | -197,432 | -46,360 | 0 |
| Stock | 35,923 | 20,800 | 41,988 | -26,508 | 249,230 | 0 |
| Debtors | 546,645 | 97,593 | -1,252,203 | 884,238 | 944,839 | 1 |
| Creditors | 19,852 | -88,884 | 499,705 | 693,978 | 1,871,146 | 0 |
| Accruals and Deferred Income | -694,484 | 1,041,188 | -4,103,671 | 1,397,895 | 5,035,802 | 0 |
| Deferred Taxes & Provisions | -1,183,137 | 821,059 | 358,286 | 197,432 | 46,360 | 0 |
| Cash flow from operations | -2,345,780 | 7,786,404 | 2,375,921 | 3,869,581 | 6,403,998 | -1 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | -25,000 | 0 | 25,000 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | -21,700,010 | 20,050,010 | 0 | 412,500 | 1,237,500 | 0 |
| Group/Directors Accounts | 14,168,818 | -5,187,748 | 2,306,280 | 1,645,109 | 9,679,077 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -21,700,010 | -825,000 | 693,198 | 21,831,812 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -324,218 | -528,764 | -631,897 | -731,091 | -344,982 | 0 |
| cash flow from financing | -7,855,410 | -7,366,512 | 849,383 | 2,019,716 | 32,403,408 | 1 |
| cash and cash equivalents | ||||||
| cash | -867,968 | -1,916,896 | 2,489,954 | 751,570 | 1,125,524 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -867,968 | -1,916,896 | 2,489,954 | 751,570 | 1,125,524 | 0 |
splendid restaurants (harland) limited Credit Report and Business Information
Splendid Restaurants (harland) Limited Competitor Analysis
Perform a competitor analysis for splendid restaurants (harland) limited 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 (harland) limited Ownership
SPLENDID RESTAURANTS (HARLAND) LIMITED group structure
Splendid Restaurants (Harland) Limited has 1 subsidiary company.
Ultimate parent company
2 parents
SPLENDID RESTAURANTS (HARLAND) LIMITED
10692934
1 subsidiary
splendid restaurants (harland) limited directors
Splendid Restaurants (Harland) Limited currently has 2 directors. The longest serving directors include Mr Shirazali Boghani (Jul 2018) and Mr Nadeem Boghani (Jul 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shirazali Boghani | United Kingdom | 73 years | Jul 2018 | - | Director |
| Mr Nadeem Boghani | England | 36 years | Jul 2018 | - | Director |
P&L
December 2022turnover
41.6m
-7%
operating profit
-5.6m
-274%
gross margin
22.4%
-34.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-5.5m
+3.33%
total assets
23m
-0.37%
cash
1.6m
-0.35%
net assets
Total assets minus all liabilities
Similar Companies
splendid restaurants (harland) limited company details
company number
10692934
Type
Private limited with Share Capital
industry
56290 - Other food service activities
incorporation date
March 2017
age
7
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 (harland) 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 found 3 charges/mortgages relating to splendid restaurants (harland) limited. Currently there are 3 open charges and 0 have been satisfied in the past.
splendid restaurants (harland) limited Companies House Filings - See Documents
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