etci mehmet manchester ltd
etci mehmet manchester ltd Company Information
Company Number
10921533
Next Accounts
May 2025
Directors
Shareholders
al manal trading ltd
Group Structure
View All
Industry
Unlicensed restaurants and cafes
Registered Address
10 park place, manchester, M4 4EY
Website
www.etcimehmet.co.uketci mehmet manchester ltd Estimated Valuation
Pomanda estimates the enterprise value of ETCI MEHMET MANCHESTER LTD at £1.9m based on a Turnover of £2.5m and 0.77x industry multiple (adjusted for size and gross margin).
etci mehmet manchester ltd Estimated Valuation
Pomanda estimates the enterprise value of ETCI MEHMET MANCHESTER LTD at £0 based on an EBITDA of £-177.6k and a 5.25x industry multiple (adjusted for size and gross margin).
etci mehmet manchester ltd Estimated Valuation
Pomanda estimates the enterprise value of ETCI MEHMET MANCHESTER LTD at £520.3k based on Net Assets of £198k and 2.63x industry multiple (adjusted for liquidity).
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Etci Mehmet Manchester Ltd Overview
Etci Mehmet Manchester Ltd is a live company located in manchester, M4 4EY with a Companies House number of 10921533. It operates in the unlicenced restaurants and cafes sector, SIC Code 56102. Founded in August 2017, it's largest shareholder is al manal trading ltd with a 100% stake. Etci Mehmet Manchester Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.5m with declining growth in recent years.
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Etci Mehmet Manchester Ltd Health Check
Pomanda's financial health check has awarded Etci Mehmet Manchester Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £2.5m, make it larger than the average company (£395.5k)
- Etci Mehmet Manchester Ltd
£395.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (11.5%)
- Etci Mehmet Manchester Ltd
11.5% - Industry AVG
Production
with a gross margin of 61.7%, this company has a comparable cost of product (61.7%)
- Etci Mehmet Manchester Ltd
61.7% - Industry AVG
Profitability
an operating margin of -9.3% make it less profitable than the average company (0.4%)
- Etci Mehmet Manchester Ltd
0.4% - Industry AVG
Employees
with 90 employees, this is above the industry average (16)
90 - Etci Mehmet Manchester Ltd
16 - Industry AVG
Pay Structure
on an average salary of £11.4k, the company has an equivalent pay structure (£11.4k)
- Etci Mehmet Manchester Ltd
£11.4k - Industry AVG
Efficiency
resulting in sales per employee of £27.5k, this is less efficient (£38.3k)
- Etci Mehmet Manchester Ltd
£38.3k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (6 days)
- Etci Mehmet Manchester Ltd
6 days - Industry AVG
Creditor Days
its suppliers are paid after 81 days, this is slower than average (31 days)
- Etci Mehmet Manchester Ltd
31 days - Industry AVG
Stock Days
it holds stock equivalent to 24 days, this is more than average (5 days)
- Etci Mehmet Manchester Ltd
5 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is less cash available to meet short term requirements (32 weeks)
23 weeks - Etci Mehmet Manchester Ltd
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.8%, this is a similar level of debt than the average (75.8%)
77.8% - Etci Mehmet Manchester Ltd
75.8% - Industry AVG
ETCI MEHMET MANCHESTER LTD financials
Etci Mehmet Manchester Ltd's latest turnover from August 2023 is estimated at £2.5 million and the company has net assets of £198 thousand. According to their latest financial statements, Etci Mehmet Manchester Ltd has 90 employees and maintains cash reserves of £257.6 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 | 90 | 95 | 90 | 55 | 50 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 364,707 | 386,859 | 436,012 | 40,357 | 20,809 | |
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 364,707 | 386,859 | 436,012 | 40,357 | 20,809 | |
| Stock & work in progress | 64,117 | 60,214 | 50,547 | 32,154 | 25,642 | |
| Trade Debtors | 9,763 | 18,479 | 66,239 | 158,432 | ||
| Group Debtors | ||||||
| Misc Debtors | 197,000 | 197,000 | ||||
| Cash | 257,608 | 298,284 | 346,854 | 432,082 | 72,827 | 100 |
| misc current assets | ||||||
| total current assets | 528,488 | 573,977 | 463,640 | 622,668 | 98,469 | 100 |
| total assets | 893,195 | 960,836 | 899,652 | 663,025 | 119,278 | 100 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 211,625 | 54,885 | 1,622 | 9,874 | 13,226 | |
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 347,580 | 290,760 | 343,614 | 215,203 | 69,628 | |
| total current liabilities | 559,205 | 345,645 | 345,236 | 225,077 | 82,854 | |
| loans | 136,000 | 184,000 | 232,000 | 240,000 | ||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | ||||||
| total long term liabilities | 136,000 | 184,000 | 232,000 | 240,000 | ||
| total liabilities | 695,205 | 529,645 | 577,236 | 465,077 | 82,854 | |
| net assets | 197,990 | 431,191 | 322,416 | 197,948 | 36,424 | 100 |
| total shareholders funds | 197,990 | 431,191 | 322,416 | 197,948 | 36,424 | 100 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 52,152 | 49,153 | 49,152 | 4,672 | 1,687 | |
| Amortisation | ||||||
| Tax | ||||||
| Stock | 3,903 | 9,667 | 18,393 | 6,512 | 25,642 | |
| Debtors | -8,716 | 149,240 | -92,193 | 158,432 | ||
| Creditors | 156,740 | 53,263 | -8,252 | -3,352 | 13,226 | |
| Accruals and Deferred Income | 56,820 | -52,854 | 128,411 | 145,575 | 69,628 | |
| 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 | -48,000 | -48,000 | -8,000 | 240,000 | ||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -40,676 | -48,570 | -85,228 | 359,255 | 72,727 | 100 |
| overdraft | ||||||
| change in cash | -40,676 | -48,570 | -85,228 | 359,255 | 72,727 | 100 |
etci mehmet manchester ltd Credit Report and Business Information
Etci Mehmet Manchester Ltd Competitor Analysis
Perform a competitor analysis for etci mehmet manchester ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in M 4 area or any other competitors across 12 key performance metrics.
etci mehmet manchester ltd Ownership
ETCI MEHMET MANCHESTER LTD group structure
Etci Mehmet Manchester Ltd has no subsidiary companies.
etci mehmet manchester ltd directors
Etci Mehmet Manchester Ltd currently has 1 director, Mr Othmane Mellouki serving since Aug 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Othmane Mellouki | England | 44 years | Aug 2017 | - | Director |
P&L
August 2023turnover
2.5m
-9%
operating profit
-229.8k
0%
gross margin
61.8%
-4.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
198k
-0.54%
total assets
893.2k
-0.07%
cash
257.6k
-0.14%
net assets
Total assets minus all liabilities
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etci mehmet manchester ltd company details
company number
10921533
Type
Private limited with Share Capital
industry
56102 - Unlicensed restaurants and cafes
incorporation date
August 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
etci mehmet uk ltd (August 2018)
bakchich edition nottingham ltd (August 2018)
accountant
DBF ASSOCIATES
auditor
-
address
10 park place, manchester, M4 4EY
Bank
-
Legal Advisor
-
etci mehmet manchester 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 1 charges/mortgages relating to etci mehmet manchester ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
etci mehmet manchester 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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etci mehmet manchester ltd Companies House Filings - See Documents
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