searcys events limited
searcys events limited Company Information
Company Number
10947278
Website
-Registered Address
300 thames valley park drive, reading, RG6 1PT
Industry
Event catering activities
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
wsh & tk events limited 100%
searcys events limited Estimated Valuation
Pomanda estimates the enterprise value of SEARCYS EVENTS LIMITED at £366.3k based on a Turnover of £2.2m and 0.17x industry multiple (adjusted for size and gross margin).
searcys events limited Estimated Valuation
Pomanda estimates the enterprise value of SEARCYS EVENTS LIMITED at £0 based on an EBITDA of £-252k and a 1.44x industry multiple (adjusted for size and gross margin).
searcys events limited Estimated Valuation
Pomanda estimates the enterprise value of SEARCYS EVENTS LIMITED at £0 based on Net Assets of £-492k and 2.93x industry multiple (adjusted for liquidity).
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Searcys Events Limited Overview
Searcys Events Limited is a live company located in reading, RG6 1PT with a Companies House number of 10947278. It operates in the event catering activities sector, SIC Code 56210. Founded in September 2017, it's largest shareholder is wsh & tk events limited with a 100% stake. Searcys Events Limited is a young, small sized company, Pomanda has estimated its turnover at £2.2m with high growth in recent years.
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Searcys Events Limited Health Check
Pomanda's financial health check has awarded Searcys Events Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £2.2m, make it larger than the average company (£647.1k)
£2.2m - Searcys Events Limited
£647.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (-6.5%)
24% - Searcys Events Limited
-6.5% - Industry AVG
Production
with a gross margin of -14.2%, this company has a higher cost of product (37%)
-14.2% - Searcys Events Limited
37% - Industry AVG
Profitability
an operating margin of -17.8% make it less profitable than the average company (4.9%)
-17.8% - Searcys Events Limited
4.9% - Industry AVG
Employees
with 11 employees, this is similar to the industry average (13)
11 - Searcys Events Limited
13 - Industry AVG
Pay Structure
on an average salary of £50.5k, the company has a higher pay structure (£18.7k)
£50.5k - Searcys Events Limited
£18.7k - Industry AVG
Efficiency
resulting in sales per employee of £198.7k, this is more efficient (£47.4k)
£198.7k - Searcys Events Limited
£47.4k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (34 days)
13 days - Searcys Events Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is quicker than average (34 days)
30 days - Searcys Events Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (10 days)
6 days - Searcys Events Limited
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (23 weeks)
11 weeks - Searcys Events Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 175.7%, this is a higher level of debt than the average (85.5%)
175.7% - Searcys Events Limited
85.5% - Industry AVG
searcys events limited Credit Report and Business Information
Searcys Events Limited Competitor Analysis
Perform a competitor analysis for searcys events limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
searcys events limited Ownership
SEARCYS EVENTS LIMITED group structure
Searcys Events Limited has no subsidiary companies.
searcys events limited directors
Searcys Events Limited currently has 7 directors. The longest serving directors include Mrs Beth Cullen-Kerridge (Oct 2020) and Mr Alastair Storey (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Beth Cullen-Kerridge | England | 54 years | Oct 2020 | - | Director |
| Mr Alastair Storey | United Kingdom | 71 years | Oct 2020 | - | Director |
| Mr Alastair Storey | United Kingdom | 71 years | Oct 2020 | - | Director |
| Mr Marc Bradley | United Kingdom | 49 years | Oct 2020 | - | Director |
| Mr Alastair Storey | United Kingdom | 71 years | Oct 2020 | - | Director |
| Mr Marc Bradley | United Kingdom | 49 years | Oct 2020 | - | Director |
| Mr Marc Bradley | United Kingdom | 49 years | Oct 2020 | - | Director |
SEARCYS EVENTS LIMITED financials
Searcys Events Limited's latest turnover from December 2022 is £2.2 million and the company has net assets of -£492 thousand. According to their latest financial statements, Searcys Events Limited has 11 employees and maintains cash reserves of £259 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Turnover | 2,186,000 | 1,377,000 | 825,000 | 1,153,317 | |
| Other Income Or Grants | 0 | 13,000 | 85,000 | 0 | |
| Cost Of Sales | 2,497,000 | 1,808,000 | 391,000 | 945,635 | |
| Gross Profit | -311,000 | -418,000 | 519,000 | 207,682 | |
| Admin Expenses | 79,000 | 30,000 | 801,000 | 844,031 | |
| Operating Profit | -390,000 | -448,000 | -282,000 | -636,349 | |
| Interest Payable | 14,000 | 6,000 | 24,000 | 2,049 | |
| Interest Receivable | 0 | 0 | 218,000 | 0 | |
| Pre-Tax Profit | -404,000 | -454,000 | -88,000 | -23,359 | |
| Tax | 83,000 | 63,000 | 0 | 0 | |
| Profit After Tax | -321,000 | -391,000 | -88,000 | -23,359 | |
| Dividends Paid | 0 | 0 | 0 | 0 | |
| Retained Profit | -321,000 | -391,000 | -88,000 | -23,359 | |
| Employee Costs | 555,000 | 424,000 | |||
| Number Of Employees | 11 | 11 | 10 | 15 | 3 |
| EBITDA* | -252,000 | -308,000 | -140,000 | -501,738 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 123,000 | 242,000 | 348,298 | 360,303 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 123,000 | 242,000 | 348,298 | 360,303 |
| Stock & work in progress | 43,000 | 22,000 | 0 | 0 | 0 |
| Trade Debtors | 83,000 | 89,000 | 17,000 | 150,954 | 35,712 |
| Group Debtors | 103,000 | 0 | 41,000 | 0 | 0 |
| Misc Debtors | 162,000 | 222,000 | 64,000 | 64,749 | 54,139 |
| Cash | 259,000 | 149,000 | 27,000 | 896 | 1,195 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 650,000 | 482,000 | 149,000 | 216,599 | 91,046 |
| total assets | 650,000 | 605,000 | 391,000 | 564,897 | 451,349 |
| Bank overdraft | 0 | 0 | 0 | 1,077 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 209,000 | 171,000 | 95,000 | 130,230 | 127,153 |
| Group/Directors Accounts | 638,000 | 468,000 | 0 | 166,000 | 163,102 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 7,000 | 8,000 | 7,000 | 75,173 | 0 |
| other current liabilities | 282,000 | 99,000 | 48,000 | 46,489 | 130,113 |
| total current liabilities | 1,136,000 | 746,000 | 150,000 | 418,969 | 420,368 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 6,000 | 13,000 | 21,000 | 138,307 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 17,000 | 0 | 0 | 0 |
| total long term liabilities | 6,000 | 30,000 | 21,000 | 138,307 | 0 |
| total liabilities | 1,142,000 | 776,000 | 171,000 | 557,276 | 420,368 |
| net assets | -492,000 | -171,000 | 220,000 | 7,621 | 30,981 |
| total shareholders funds | -492,000 | -171,000 | 220,000 | 7,621 | 30,981 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -390,000 | -448,000 | -282,000 | -636,349 | |
| Depreciation | 138,000 | 140,000 | 142,000 | 134,611 | 55,535 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 83,000 | 63,000 | 0 | 0 | |
| Stock | 21,000 | 22,000 | 0 | 0 | 0 |
| Debtors | 37,000 | 189,000 | -93,703 | 125,852 | 89,851 |
| Creditors | 38,000 | 76,000 | -35,230 | 3,077 | 127,153 |
| Accruals and Deferred Income | 183,000 | 51,000 | 1,511 | -83,624 | 130,113 |
| Deferred Taxes & Provisions | -17,000 | 17,000 | 0 | 0 | 0 |
| Cash flow from operations | -23,000 | -312,000 | -80,016 | -708,137 | |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 170,000 | 468,000 | -166,000 | 2,898 | 163,102 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -8,000 | -7,000 | -185,480 | 213,480 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -14,000 | -6,000 | 194,000 | -2,049 | |
| cash flow from financing | 148,000 | 455,000 | 142,899 | 214,328 | |
| cash and cash equivalents | |||||
| cash | 110,000 | 122,000 | 26,104 | -299 | 1,195 |
| overdraft | 0 | 0 | -1,077 | 1,077 | 0 |
| change in cash | 110,000 | 122,000 | 27,181 | -1,376 | 1,195 |
P&L
December 2022turnover
2.2m
+59%
operating profit
-390k
-13%
gross margin
-14.2%
-53.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-492k
+1.88%
total assets
650k
+0.07%
cash
259k
+0.74%
net assets
Total assets minus all liabilities
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searcys events limited company details
company number
10947278
Type
Private limited with Share Capital
industry
56210 - Event catering activities
incorporation date
September 2017
age
7
accounts
Total Exemption Full
ultimate parent company
previous names
lush by tom kerridge limited (March 2024)
lush hospitality limited (March 2021)
incorporated
UK
address
300 thames valley park drive, reading, RG6 1PT
last accounts submitted
December 2022
searcys events 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 did not find charges/mortgages relating to searcys events limited.
searcys events limited Companies House Filings - See Documents
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