chopstix group ltd
chopstix group ltd Company Information
Company Number
10702275
Registered Address
29a kentish town road, london, NW1 8NL
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
menashe sadik 49.5%
bassam elia 49.5%
View Allchopstix group ltd Estimated Valuation
Pomanda estimates the enterprise value of CHOPSTIX GROUP LTD at £96.7m based on a Turnover of £51.6m and 1.87x industry multiple (adjusted for size and gross margin).
chopstix group ltd Estimated Valuation
Pomanda estimates the enterprise value of CHOPSTIX GROUP LTD at £40.6m based on an EBITDA of £2.8m and a 14.28x industry multiple (adjusted for size and gross margin).
chopstix group ltd Estimated Valuation
Pomanda estimates the enterprise value of CHOPSTIX GROUP LTD at £17.4m based on Net Assets of £6.7m and 2.58x industry multiple (adjusted for liquidity).
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Chopstix Group Ltd Overview
Chopstix Group Ltd is a live company located in london, NW1 8NL with a Companies House number of 10702275. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2017, it's largest shareholder is menashe sadik with a 49.5% stake. Chopstix Group Ltd is a young, large sized company, Pomanda has estimated its turnover at £51.6m with high growth in recent years.
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Chopstix Group Ltd Health Check
Pomanda's financial health check has awarded Chopstix Group Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £51.6m, make it larger than the average company (£3.5m)
£51.6m - Chopstix Group Ltd
£3.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (4.3%)
17% - Chopstix Group Ltd
4.3% - Industry AVG
Production
with a gross margin of 74.7%, this company has a lower cost of product (38.3%)
74.7% - Chopstix Group Ltd
38.3% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (6.3%)
2.6% - Chopstix Group Ltd
6.3% - Industry AVG
Employees
with 1018 employees, this is above the industry average (23)
1018 - Chopstix Group Ltd
23 - Industry AVG
Pay Structure
on an average salary of £14.1k, the company has a lower pay structure (£47.5k)
£14.1k - Chopstix Group Ltd
£47.5k - Industry AVG
Efficiency
resulting in sales per employee of £50.7k, this is less efficient (£149.3k)
£50.7k - Chopstix Group Ltd
£149.3k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (41 days)
8 days - Chopstix Group Ltd
41 days - Industry AVG
Creditor Days
its suppliers are paid after 85 days, this is slower than average (33 days)
85 days - Chopstix Group Ltd
33 days - Industry AVG
Stock Days
it holds stock equivalent to 29 days, this is in line with average (32 days)
29 days - Chopstix Group Ltd
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (25 weeks)
10 weeks - Chopstix Group Ltd
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.9%, this is a higher level of debt than the average (62.1%)
76.9% - Chopstix Group Ltd
62.1% - Industry AVG
CHOPSTIX GROUP LTD financials
Chopstix Group Ltd's latest turnover from April 2023 is £51.6 million and the company has net assets of £6.7 million. According to their latest financial statements, Chopstix Group Ltd has 1,018 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 51,636,075 | 38,675,537 | 16,232,128 | 32,307,308 | 30,018,453 | 24,509,751 | 15,581,767 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 13,079,709 | 9,647,512 | 4,191,840 | 9,641,079 | 10,407,438 | 8,099,913 | 3,830,469 |
| Gross Profit | 38,556,366 | 29,028,025 | 12,040,288 | 22,666,229 | 19,611,015 | 16,409,838 | 11,751,298 |
| Admin Expenses | 37,222,998 | 24,919,494 | 13,877,149 | 22,424,371 | 19,453,465 | 15,958,573 | 9,502,872 |
| Operating Profit | 1,333,368 | 4,108,531 | -1,836,861 | 241,858 | 157,550 | 451,265 | 2,248,426 |
| Interest Payable | 450,717 | 338,784 | 115,312 | 20,058 | 111,575 | 103,603 | 4,784 |
| Interest Receivable | 0 | 45,452 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 890,811 | 3,819,279 | -1,952,173 | 221,800 | 45,975 | 347,662 | 2,243,642 |
| Tax | -37,000 | -1,265,601 | 379,918 | -128,206 | -126,147 | -100,422 | -365,259 |
| Profit After Tax | 853,811 | 2,553,678 | -1,572,255 | 93,594 | -80,172 | 247,240 | 1,878,383 |
| Dividends Paid | 0 | 0 | 0 | 200,000 | 0 | 0 | 0 |
| Retained Profit | 853,811 | 2,553,678 | -1,572,255 | -106,406 | -80,172 | 247,240 | 1,878,383 |
| Employee Costs | 14,335,951 | 11,587,573 | 9,155,576 | 10,945,534 | 8,955,077 | 6,016,467 | 3,951,927 |
| Number Of Employees | 1,018 | 622 | 472 | 564 | 441 | 355 | 202 |
| EBITDA* | 2,839,235 | 5,785,026 | -598,526 | 1,517,267 | 1,361,270 | 2,055,682 | 2,578,292 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,961,461 | 7,834,670 | 5,971,776 | 4,729,629 | 3,821,972 | 2,980,191 | 2,592,030 |
| Intangible Assets | 3,192,538 | 915,454 | 1,052,672 | 1,213,417 | 1,374,162 | 1,534,907 | 5,216 |
| Investments & Other | 0 | 0 | 0 | 1,430,000 | 1,650,000 | 1,870,000 | 0 |
| Debtors (Due After 1 year) | 5,421,097 | 2,972,771 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 18,575,096 | 11,722,895 | 7,024,448 | 7,373,046 | 6,846,134 | 6,385,098 | 2,597,246 |
| Stock & work in progress | 1,057,996 | 436,581 | 274,645 | 285,301 | 335,528 | 332,954 | 354,987 |
| Trade Debtors | 1,251,941 | 737,066 | 334,425 | 59,772 | 67,769 | 317,818 | 32,197 |
| Group Debtors | 79,900 | 0 | 0 | 0 | 0 | 0 | 911,723 |
| Misc Debtors | 5,549,851 | 5,139,805 | 3,337,840 | 3,071,986 | 3,529,000 | 3,251,321 | 2,270,535 |
| Cash | 2,660,183 | 3,220,271 | 4,073,035 | 2,780,788 | 1,546,385 | 1,726,883 | 1,991,165 |
| misc current assets | 0 | 520,000 | 220,000 | 220,000 | 220,000 | 220,000 | 0 |
| total current assets | 10,599,871 | 10,053,723 | 8,239,945 | 6,417,847 | 5,698,682 | 5,848,976 | 5,560,607 |
| total assets | 29,174,967 | 21,776,618 | 15,264,393 | 13,790,893 | 12,544,816 | 12,234,074 | 8,157,853 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 2,072,215 | 864,685 | 3,333 | 0 | 1,393,853 | 978,728 | 500,000 |
| Trade Creditors | 3,057,975 | 1,932,001 | 1,963,888 | 1,689,488 | 955,476 | 938,935 | 79,254 |
| Group/Directors Accounts | 2,581 | 0 | 72,681 | 413,544 | 85,902 | 96,202 | 84,100 |
| other short term finances | 0 | 312,428 | 312,428 | 319,307 | 312,428 | 312,428 | 473,740 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 7,739,518 | 4,697,871 | 3,716,130 | 3,410,545 | 3,631,254 | 3,136,971 | 2,299,620 |
| total current liabilities | 12,872,289 | 7,806,985 | 6,068,460 | 5,832,884 | 6,378,913 | 5,463,264 | 3,436,714 |
| loans | 8,696,128 | 6,723,985 | 5,901,425 | 2,762,627 | 939,695 | 1,543,033 | 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 | 858,269 | 1,569,554 | 172,092 | 500,711 | 425,141 | 346,548 | 87,150 |
| total long term liabilities | 9,554,397 | 8,293,539 | 6,073,517 | 3,263,338 | 1,364,836 | 1,889,581 | 87,150 |
| total liabilities | 22,426,686 | 16,100,524 | 12,141,977 | 9,096,222 | 7,743,749 | 7,352,845 | 3,523,864 |
| net assets | 6,748,281 | 5,676,094 | 3,122,416 | 4,694,671 | 4,801,067 | 4,881,229 | 4,633,989 |
| total shareholders funds | 6,748,281 | 5,676,094 | 3,122,416 | 4,694,671 | 4,801,067 | 4,881,229 | 4,633,989 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 1,333,368 | 4,108,531 | -1,836,861 | 241,858 | 157,550 | 451,265 | 2,248,426 |
| Depreciation | 1,302,612 | 1,294,903 | 857,590 | 1,026,664 | 1,042,975 | 1,523,672 | 329,121 |
| Amortisation | 203,255 | 381,592 | 380,745 | 248,745 | 160,745 | 80,745 | 745 |
| Tax | -37,000 | -1,265,601 | 379,918 | -128,206 | -126,147 | -100,422 | -365,259 |
| Stock | 621,415 | 161,936 | -10,656 | -50,227 | 2,574 | -22,033 | 354,987 |
| Debtors | 3,453,147 | 5,177,377 | 540,507 | -465,011 | 27,630 | 354,684 | 3,214,455 |
| Creditors | 1,125,974 | -31,887 | 274,400 | 734,012 | 16,541 | 859,681 | 79,254 |
| Accruals and Deferred Income | 3,041,647 | 981,741 | 305,585 | -220,709 | 494,283 | 837,351 | 2,299,620 |
| Deferred Taxes & Provisions | -711,285 | 1,397,462 | -328,619 | 75,570 | 78,593 | 259,398 | 87,150 |
| Cash flow from operations | 2,184,009 | 1,527,428 | -497,093 | 2,493,172 | 1,794,336 | 3,579,039 | 1,109,615 |
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | -2,093,714 | -5,169,979 | -1,177,959 |
| Change in Investments | 0 | 0 | -1,430,000 | -220,000 | -220,000 | 1,870,000 | 0 |
| cash flow from investments | 0 | 0 | 1,430,000 | 220,000 | -1,873,714 | -7,039,979 | -1,177,959 |
| Financing Activities | |||||||
| Bank loans | 1,207,530 | 861,352 | 3,333 | -1,393,853 | 415,125 | 478,728 | 500,000 |
| Group/Directors Accounts | 2,581 | -72,681 | -340,863 | 327,642 | -10,300 | 12,102 | 84,100 |
| Other Short Term Loans | -312,428 | 0 | -6,879 | 6,879 | 0 | -161,312 | 473,740 |
| Long term loans | 1,972,143 | 822,560 | 3,138,798 | 1,822,932 | -603,338 | 1,543,033 | 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 | -450,717 | -293,332 | -115,312 | -20,058 | -111,575 | -103,603 | -4,784 |
| cash flow from financing | 2,637,485 | 1,317,899 | 2,679,077 | 743,552 | -310,078 | 1,768,948 | 3,808,662 |
| cash and cash equivalents | |||||||
| cash | -560,088 | -852,764 | 1,292,247 | 1,234,403 | -180,498 | -264,282 | 1,991,165 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -560,088 | -852,764 | 1,292,247 | 1,234,403 | -180,498 | -264,282 | 1,991,165 |
chopstix group ltd Credit Report and Business Information
Chopstix Group Ltd Competitor Analysis
Perform a competitor analysis for chopstix group ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in NW1 area or any other competitors across 12 key performance metrics.
chopstix group ltd Ownership
CHOPSTIX GROUP LTD group structure
Chopstix Group Ltd has 5 subsidiary companies.
Ultimate parent company
CHOPSTIX GROUP LTD
10702275
5 subsidiaries
chopstix group ltd directors
Chopstix Group Ltd currently has 5 directors. The longest serving directors include Mr Menashe Sadik (Mar 2017) and Mr Bassam Elia (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Menashe Sadik | United Kingdom | 53 years | Mar 2017 | - | Director |
| Mr Bassam Elia | United Kingdom | 59 years | Mar 2017 | - | Director |
| Mr Alessandro Preda | England | 56 years | Sep 2024 | - | Director |
| Mr Alexander Carlier | England | 37 years | Sep 2024 | - | Director |
| Mr Ivo Vliegen | England | 61 years | Sep 2024 | - | Director |
P&L
April 2023turnover
51.6m
+34%
operating profit
1.3m
-68%
gross margin
74.7%
-0.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
6.7m
+0.19%
total assets
29.2m
+0.34%
cash
2.7m
-0.17%
net assets
Total assets minus all liabilities
chopstix group ltd company details
company number
10702275
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
March 2017
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
April 2023
previous names
N/A
accountant
-
auditor
HAYSMACINTYRE LLP
address
29a kentish town road, london, NW1 8NL
Bank
-
Legal Advisor
-
chopstix group 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 2 charges/mortgages relating to chopstix group ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
chopstix group ltd Companies House Filings - See Documents
| date | description | view/download |
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