the condiment group ltd
the condiment group ltd Company Information
Group Structure
View All
Industry
Other food service activities
Registered Address
thepinnacle midsummer boulevard, milton keynes, MK9 1BP
Website
-the condiment group ltd Estimated Valuation
Pomanda estimates the enterprise value of THE CONDIMENT GROUP LTD at £98.9k based on a Turnover of £259.4k and 0.38x industry multiple (adjusted for size and gross margin).
the condiment group ltd Estimated Valuation
Pomanda estimates the enterprise value of THE CONDIMENT GROUP LTD at £0 based on an EBITDA of £-32.5k and a 3.49x industry multiple (adjusted for size and gross margin).
the condiment group ltd Estimated Valuation
Pomanda estimates the enterprise value of THE CONDIMENT GROUP LTD at £0 based on Net Assets of £-32.5k and 2.78x industry multiple (adjusted for liquidity).
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The Condiment Group Ltd Overview
The Condiment Group Ltd is a live company located in milton keynes, MK9 1BP with a Companies House number of 11089582. It operates in the other food services sector, SIC Code 56290. Founded in November 2017, it's largest shareholder is steven george andrews with a 100% stake. The Condiment Group Ltd is a young, micro sized company, Pomanda has estimated its turnover at £259.4k with unknown growth in recent years.
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The Condiment Group Ltd Health Check
Pomanda's financial health check has awarded The Condiment Group Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £259.4k, make it smaller than the average company (£1.5m)
- The Condiment Group Ltd
£1.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- The Condiment Group Ltd
- - Industry AVG
Production
with a gross margin of 15.2%, this company has a higher cost of product (28.1%)
- The Condiment Group Ltd
28.1% - Industry AVG
Profitability
an operating margin of -12.5% make it less profitable than the average company (3.1%)
- The Condiment Group Ltd
3.1% - Industry AVG
Employees
with 21 employees, this is similar to the industry average (26)
21 - The Condiment Group Ltd
26 - Industry AVG
Pay Structure
on an average salary of £23.7k, the company has an equivalent pay structure (£23.7k)
- The Condiment Group Ltd
£23.7k - Industry AVG
Efficiency
resulting in sales per employee of £12.4k, this is less efficient (£65.8k)
- The Condiment Group Ltd
£65.8k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (29 days)
- The Condiment Group Ltd
29 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (33 days)
- The Condiment Group Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Condiment Group Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - The Condiment Group Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1256.3%, this is a higher level of debt than the average (65.3%)
1256.3% - The Condiment Group Ltd
65.3% - Industry AVG
THE CONDIMENT GROUP LTD financials
The Condiment Group Ltd's latest turnover from March 2024 is estimated at £259.4 thousand and the company has net assets of -£32.5 thousand. According to their latest financial statements, The Condiment Group Ltd has 21 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| 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 | 21 | 1 | 1 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | ||||||
| Intangible Assets | ||||||
| Investments & Other | 1 | 1 | 1 | |||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 1 | 1 | 1 | |||
| Stock & work in progress | ||||||
| Trade Debtors | 2,809 | 229 | 1,996 | |||
| Group Debtors | ||||||
| Misc Debtors | ||||||
| Cash | ||||||
| misc current assets | ||||||
| total current assets | 2,809 | 229 | 1,996 | |||
| total assets | 2,809 | 1 | 1 | 1 | 229 | 1,996 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 35,289 | 133 | 1,399 | |||
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | ||||||
| total current liabilities | 35,289 | 133 | 1,399 | |||
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | 360 | 549 | ||||
| other liabilities | ||||||
| provisions | ||||||
| total long term liabilities | 360 | 549 | ||||
| total liabilities | 35,289 | 493 | 1,948 | |||
| net assets | -32,480 | 1 | 1 | 1 | -264 | 48 |
| total shareholders funds | -32,480 | 1 | 1 | 1 | -264 | 48 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | ||||||
| Debtors | 2,809 | -229 | -1,767 | 1,996 | ||
| Creditors | 35,289 | -133 | -1,266 | 1,399 | ||
| Accruals and Deferred Income | -360 | -189 | 549 | |||
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | -1 | 1 | ||||
| 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 | ||||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | ||||||
| overdraft | ||||||
| change in cash |
the condiment group ltd Credit Report and Business Information
The Condiment Group Ltd Competitor Analysis
Perform a competitor analysis for the condiment group ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in MK9 area or any other competitors across 12 key performance metrics.
the condiment group ltd Ownership
THE CONDIMENT GROUP LTD group structure
The Condiment Group Ltd has no subsidiary companies.
Ultimate parent company
THE CONDIMENT GROUP LTD
11089582
the condiment group ltd directors
The Condiment Group Ltd currently has 1 director, Mr Steven Andrews serving since Nov 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steven Andrews | G.b. | 60 years | Nov 2017 | - | Director |
P&L
March 2024turnover
259.4k
0%
operating profit
-32.5k
0%
gross margin
15.3%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-32.5k
-32481%
total assets
2.8k
+2808%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
the condiment group ltd company details
company number
11089582
Type
Private limited with Share Capital
industry
56290 - Other food service activities
incorporation date
November 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
thepinnacle midsummer boulevard, milton keynes, MK9 1BP
Bank
-
Legal Advisor
-
the condiment 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 did not find charges/mortgages relating to the condiment group ltd.
the condiment group 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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the condiment group ltd Companies House Filings - See Documents
| date | description | view/download |
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