eastern palace restaurant ltd
eastern palace restaurant ltd Company Information
Group Structure
View All
Industry
Licensed restaurants
Registered Address
278 romford road, london, E7 9HD
Website
easternpalace.neteastern palace restaurant ltd Estimated Valuation
Pomanda estimates the enterprise value of EASTERN PALACE RESTAURANT LTD at £169.4k based on a Turnover of £253.4k and 0.67x industry multiple (adjusted for size and gross margin).
eastern palace restaurant ltd Estimated Valuation
Pomanda estimates the enterprise value of EASTERN PALACE RESTAURANT LTD at £5.2k based on an EBITDA of £1.2k and a 4.31x industry multiple (adjusted for size and gross margin).
eastern palace restaurant ltd Estimated Valuation
Pomanda estimates the enterprise value of EASTERN PALACE RESTAURANT LTD at £46.5k based on Net Assets of £18.6k and 2.5x industry multiple (adjusted for liquidity).
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Eastern Palace Restaurant Ltd Overview
Eastern Palace Restaurant Ltd is a live company located in london, E7 9HD with a Companies House number of 10757623. It operates in the licenced restaurants sector, SIC Code 56101. Founded in May 2017, it's largest shareholder is jessica chan with a 50% stake. Eastern Palace Restaurant Ltd is a young, micro sized company, Pomanda has estimated its turnover at £253.4k with healthy growth in recent years.
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Eastern Palace Restaurant Ltd Health Check
Pomanda's financial health check has awarded Eastern Palace Restaurant Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs
1 Strong
5 Regular
4 Weak
Size
annual sales of £253.4k, make it smaller than the average company (£2.6m)
- Eastern Palace Restaurant Ltd
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a slower rate (27.9%)
- Eastern Palace Restaurant Ltd
27.9% - Industry AVG
Production
with a gross margin of 59.1%, this company has a comparable cost of product (59.1%)
- Eastern Palace Restaurant Ltd
59.1% - Industry AVG
Profitability
an operating margin of -5.7% make it less profitable than the average company (2.9%)
- Eastern Palace Restaurant Ltd
2.9% - Industry AVG
Employees
with 5 employees, this is below the industry average (49)
5 - Eastern Palace Restaurant Ltd
49 - Industry AVG
Pay Structure
on an average salary of £20k, the company has an equivalent pay structure (£20k)
- Eastern Palace Restaurant Ltd
£20k - Industry AVG
Efficiency
resulting in sales per employee of £50.7k, this is equally as efficient (£57.7k)
- Eastern Palace Restaurant Ltd
£57.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Eastern Palace Restaurant Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Eastern Palace Restaurant Ltd
- - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is in line with average (11 days)
- Eastern Palace Restaurant Ltd
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (12 weeks)
32 weeks - Eastern Palace Restaurant Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.8%, this is a similar level of debt than the average (83.1%)
76.8% - Eastern Palace Restaurant Ltd
83.1% - Industry AVG
EASTERN PALACE RESTAURANT LTD financials
Eastern Palace Restaurant Ltd's latest turnover from April 2024 is estimated at £253.4 thousand and the company has net assets of £18.6 thousand. According to their latest financial statements, Eastern Palace Restaurant Ltd has 5 employees and maintains cash reserves of £17.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 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 | 5 | 5 | 7 | 6 | 6 | 6 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 55,888 | 71,564 | 4,720 | 1,725 | 941 | 1,142 | |
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 55,888 | 71,564 | 4,720 | 1,725 | 941 | 1,142 | |
| Stock & work in progress | 2,888 | 1,881 | 2,146 | 1,238 | 1,222 | 1,125 | |
| Trade Debtors | 13,017 | ||||||
| Group Debtors | |||||||
| Misc Debtors | 3,501 | 4,915 | 4,862 | ||||
| Cash | 17,763 | 22,957 | 52,695 | 51,383 | 37,013 | 12,569 | |
| misc current assets | |||||||
| total current assets | 24,152 | 29,753 | 54,841 | 52,621 | 43,097 | 13,694 | 13,017 |
| total assets | 80,040 | 101,317 | 59,561 | 54,346 | 44,038 | 14,836 | 13,017 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 11,171 | ||||||
| Group/Directors Accounts | |||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 28,453 | 22,494 | 20,845 | 27,937 | 32,443 | 10,888 | |
| total current liabilities | 28,453 | 22,494 | 20,845 | 27,937 | 32,443 | 10,888 | 11,171 |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | 33,010 | 46,853 | |||||
| provisions | |||||||
| total long term liabilities | 33,010 | 46,853 | |||||
| total liabilities | 61,463 | 69,347 | 20,845 | 27,937 | 32,443 | 10,888 | 11,171 |
| net assets | 18,577 | 31,970 | 38,716 | 26,409 | 11,595 | 3,948 | 1,846 |
| total shareholders funds | 18,577 | 31,970 | 38,716 | 26,409 | 11,595 | 3,948 | 1,846 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 15,676 | 7,172 | 694 | 226 | 201 | ||
| Amortisation | |||||||
| Tax | |||||||
| Stock | 1,007 | -265 | 908 | 16 | 97 | 1,125 | |
| Debtors | -1,414 | 4,915 | -4,862 | 4,862 | -13,017 | 13,017 | |
| Creditors | -11,171 | 11,171 | |||||
| Accruals and Deferred Income | 5,959 | 1,649 | -7,092 | -4,506 | 21,555 | 10,888 | |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | -13,843 | 46,853 | |||||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -5,194 | -29,738 | 1,312 | 14,370 | 24,444 | 12,569 | |
| overdraft | |||||||
| change in cash | -5,194 | -29,738 | 1,312 | 14,370 | 24,444 | 12,569 |
eastern palace restaurant ltd Credit Report and Business Information
Eastern Palace Restaurant Ltd Competitor Analysis
Perform a competitor analysis for eastern palace restaurant ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in E 7 area or any other competitors across 12 key performance metrics.
eastern palace restaurant ltd Ownership
EASTERN PALACE RESTAURANT LTD group structure
Eastern Palace Restaurant Ltd has no subsidiary companies.
Ultimate parent company
EASTERN PALACE RESTAURANT LTD
10757623
eastern palace restaurant ltd directors
Eastern Palace Restaurant Ltd currently has 1 director, Mr Alan Chan serving since May 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alan Chan | United Kingdom | 47 years | May 2017 | - | Director |
P&L
April 2024turnover
253.4k
+9%
operating profit
-14.5k
0%
gross margin
59.1%
+1.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
18.6k
-0.42%
total assets
80k
-0.21%
cash
17.8k
-0.23%
net assets
Total assets minus all liabilities
Similar Companies
eastern palace restaurant ltd company details
company number
10757623
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
May 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
N/A
accountant
-
auditor
-
address
278 romford road, london, E7 9HD
Bank
-
Legal Advisor
-
eastern palace restaurant 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 did not find charges/mortgages relating to eastern palace restaurant ltd.
eastern palace restaurant ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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eastern palace restaurant ltd Companies House Filings - See Documents
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