tls bars ltd
tls bars ltd Company Information
Company Number
10916362
Next Accounts
May 2025
Shareholders
douglas waldron
brett collier
Group Structure
View All
Industry
Public houses and bars
Registered Address
manor house, 35 st. thomas's road, chorley, lancs, PR7 1HP
Website
-tls bars ltd Estimated Valuation
Pomanda estimates the enterprise value of TLS BARS LTD at £166.5k based on a Turnover of £279.8k and 0.6x industry multiple (adjusted for size and gross margin).
tls bars ltd Estimated Valuation
Pomanda estimates the enterprise value of TLS BARS LTD at £254.1k based on an EBITDA of £60.8k and a 4.18x industry multiple (adjusted for size and gross margin).
tls bars ltd Estimated Valuation
Pomanda estimates the enterprise value of TLS BARS LTD at £0 based on Net Assets of £-125.7k and 1.93x industry multiple (adjusted for liquidity).
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Tls Bars Ltd Overview
Tls Bars Ltd is a live company located in chorley, PR7 1HP with a Companies House number of 10916362. It operates in the public houses and bars sector, SIC Code 56302. Founded in August 2017, it's largest shareholder is douglas waldron with a 50% stake. Tls Bars Ltd is a young, micro sized company, Pomanda has estimated its turnover at £279.8k with declining growth in recent years.
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Tls Bars Ltd Health Check
Pomanda's financial health check has awarded Tls Bars Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
7 Weak
Size
annual sales of £279.8k, make it smaller than the average company (£511k)
- Tls Bars Ltd
£511k - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (5.5%)
- Tls Bars Ltd
5.5% - Industry AVG
Production
with a gross margin of 59%, this company has a comparable cost of product (59%)
- Tls Bars Ltd
59% - Industry AVG
Profitability
an operating margin of 18.7% make it more profitable than the average company (6.3%)
- Tls Bars Ltd
6.3% - Industry AVG
Employees
with 8 employees, this is below the industry average (13)
8 - Tls Bars Ltd
13 - Industry AVG
Pay Structure
on an average salary of £15k, the company has an equivalent pay structure (£15k)
- Tls Bars Ltd
£15k - Industry AVG
Efficiency
resulting in sales per employee of £35k, this is less efficient (£48.2k)
- Tls Bars Ltd
£48.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Tls Bars Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (50 days)
- Tls Bars Ltd
50 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is in line with average (17 days)
- Tls Bars Ltd
17 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Tls Bars Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 179.3%, this is a higher level of debt than the average (76.7%)
179.3% - Tls Bars Ltd
76.7% - Industry AVG
TLS BARS LTD financials
Tls Bars Ltd's latest turnover from August 2023 is estimated at £279.8 thousand and the company has net assets of -£125.7 thousand. According to their latest financial statements, Tls Bars Ltd has 8 employees and maintains cash reserves of £1.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 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 | 8 | 8 | 8 | 8 | 10 | 6 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 18,748 | 26,140 | 20,341 | 29,100 | 22,746 | 17,393 |
| Intangible Assets | 20,866 | 41,733 | 62,599 | 83,466 | ||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 18,748 | 26,140 | 41,207 | 70,833 | 85,345 | 100,859 |
| Stock & work in progress | 5,000 | 7,862 | 9,500 | 2,000 | 19,833 | |
| Trade Debtors | ||||||
| Group Debtors | ||||||
| Misc Debtors | 132,843 | 8,128 | 6,000 | 6,000 | 6,234 | 6,000 |
| Cash | 1,880 | 1,329 | 18,824 | 4,974 | 1,301 | 2,229 |
| misc current assets | ||||||
| total current assets | 139,723 | 17,319 | 34,324 | 12,974 | 27,368 | 8,229 |
| total assets | 158,471 | 43,459 | 75,531 | 83,807 | 112,713 | 109,088 |
| Bank overdraft | ||||||
| Bank loan | 36,645 | 10,648 | 30,248 | 51,371 | ||
| Trade Creditors | 2,914 | 6,865 | 328 | |||
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 217,924 | 126,021 | 125,716 | 130,183 | 125,753 | 97,386 |
| total current liabilities | 257,483 | 143,534 | 126,044 | 130,183 | 156,001 | 148,757 |
| loans | 26,704 | 59,290 | 47,398 | 50,000 | 40,620 | 27,245 |
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | ||||||
| total long term liabilities | 26,704 | 59,290 | 47,398 | 50,000 | 40,620 | 27,245 |
| total liabilities | 284,187 | 202,824 | 173,442 | 180,183 | 196,621 | 176,002 |
| net assets | -125,716 | -159,365 | -97,911 | -96,376 | -83,908 | -66,914 |
| total shareholders funds | -125,716 | -159,365 | -97,911 | -96,376 | -83,908 | -66,914 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 8,521 | 8,483 | 10,399 | 9,789 | 5,192 | 3,373 |
| Amortisation | 20,866 | 20,866 | 20,866 | 20,866 | 20,866 | |
| Tax | ||||||
| Stock | -2,862 | -1,638 | 7,500 | -17,833 | 19,833 | |
| Debtors | 124,715 | 2,128 | -234 | 234 | 6,000 | |
| Creditors | -3,951 | 6,537 | 328 | |||
| Accruals and Deferred Income | 91,903 | 305 | -4,467 | 4,430 | 28,367 | 97,386 |
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 25,997 | 10,648 | -30,248 | -21,123 | 51,371 | |
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | -32,586 | 11,892 | -2,602 | 9,380 | 13,375 | 27,245 |
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 551 | -17,495 | 13,850 | 3,673 | -928 | 2,229 |
| overdraft | ||||||
| change in cash | 551 | -17,495 | 13,850 | 3,673 | -928 | 2,229 |
tls bars ltd Credit Report and Business Information
Tls Bars Ltd Competitor Analysis
Perform a competitor analysis for tls bars ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in PR7 area or any other competitors across 12 key performance metrics.
tls bars ltd Ownership
TLS BARS LTD group structure
Tls Bars Ltd has no subsidiary companies.
Ultimate parent company
TLS BARS LTD
10916362
tls bars ltd directors
Tls Bars Ltd currently has 2 directors. The longest serving directors include Mr Brett Collier (Aug 2017) and Mr Doug Waldron (Apr 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brett Collier | England | 47 years | Aug 2017 | - | Director |
| Mr Doug Waldron | England | 44 years | Apr 2020 | - | Director |
P&L
August 2023turnover
279.8k
+18%
operating profit
52.3k
0%
gross margin
59%
-0.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-125.7k
-0.21%
total assets
158.5k
+2.65%
cash
1.9k
+0.41%
net assets
Total assets minus all liabilities
tls bars ltd company details
company number
10916362
Type
Private limited with Share Capital
industry
56302 - Public houses and bars
incorporation date
August 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
manor house, 35 st. thomas's road, chorley, lancs, PR7 1HP
Bank
-
Legal Advisor
-
tls bars 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 tls bars ltd.
tls bars 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.
Click to start generating capital raising & share issue transactions for TLS BARS LTD. This can take several minutes, an email will notify you when this has completed.
tls bars ltd Companies House Filings - See Documents
| date | description | view/download |
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