cornwall bars limited
cornwall bars limited Company Information
Company Number
11216344
Website
-Registered Address
3/4 truro lanes, kenwyn street, truro, cornwall, TR1 2BA
Industry
Public houses and bars
Telephone
-
Next Accounts Due
November 2024
Group Structure
View All
Directors
Jason Masters6 Years
Shareholders
jason masters 100%
cornwall bars limited Estimated Valuation
Pomanda estimates the enterprise value of CORNWALL BARS LIMITED at £157.5k based on a Turnover of £289k and 0.54x industry multiple (adjusted for size and gross margin).
cornwall bars limited Estimated Valuation
Pomanda estimates the enterprise value of CORNWALL BARS LIMITED at £0 based on an EBITDA of £-12k and a 3.86x industry multiple (adjusted for size and gross margin).
cornwall bars limited Estimated Valuation
Pomanda estimates the enterprise value of CORNWALL BARS LIMITED at £0 based on Net Assets of £-519.4k and 1.93x industry multiple (adjusted for liquidity).
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Cornwall Bars Limited Overview
Cornwall Bars Limited is a live company located in truro, TR1 2BA with a Companies House number of 11216344. It operates in the public houses and bars sector, SIC Code 56302. Founded in February 2018, it's largest shareholder is jason masters with a 100% stake. Cornwall Bars Limited is a young, micro sized company, Pomanda has estimated its turnover at £289k with declining growth in recent years.
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Cornwall Bars Limited Health Check
Pomanda's financial health check has awarded Cornwall Bars Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
8 Weak
Size
annual sales of £289k, make it smaller than the average company (£436.5k)
- Cornwall Bars Limited
£436.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (0%)
- Cornwall Bars Limited
0% - Industry AVG
Production
with a gross margin of 55.4%, this company has a comparable cost of product (55.4%)
- Cornwall Bars Limited
55.4% - Industry AVG
Profitability
an operating margin of -6.8% make it less profitable than the average company (6.1%)
- Cornwall Bars Limited
6.1% - Industry AVG
Employees
with 8 employees, this is below the industry average (11)
8 - Cornwall Bars Limited
11 - Industry AVG
Pay Structure
on an average salary of £14.4k, the company has an equivalent pay structure (£14.4k)
- Cornwall Bars Limited
£14.4k - Industry AVG
Efficiency
resulting in sales per employee of £36.1k, this is less efficient (£45.7k)
- Cornwall Bars Limited
£45.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Cornwall Bars Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 95 days, this is slower than average (54 days)
- Cornwall Bars Limited
54 days - Industry AVG
Stock Days
it holds stock equivalent to 42 days, this is more than average (16 days)
- Cornwall Bars Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)
0 weeks - Cornwall Bars Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1269.3%, this is a higher level of debt than the average (83.2%)
1269.3% - Cornwall Bars Limited
83.2% - Industry AVG
CORNWALL BARS LIMITED financials
Cornwall Bars Limited's latest turnover from February 2023 is estimated at £289 thousand and the company has net assets of -£519.4 thousand. According to their latest financial statements, Cornwall Bars Limited has 8 employees and maintains cash reserves of £986 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 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 | 8 | 13 | 12 | 12 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 23,235 | 19,834 | 25,774 | 28,525 | 123,227 |
| 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 | 23,235 | 19,834 | 25,774 | 28,525 | 123,227 |
| Stock & work in progress | 15,000 | 40,000 | 30,000 | 56,000 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 210,248 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,199 | 5,324 | 20,178 | 27,214 | 0 |
| Cash | 986 | 1,039 | 2,755 | 28,069 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 21,185 | 46,363 | 52,933 | 111,283 | 210,248 |
| total assets | 44,420 | 66,197 | 78,707 | 139,808 | 333,475 |
| Bank overdraft | 50,000 | 50,000 | 50,000 | 50,010 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 33,805 | 17,756 | 9,793 | 38,714 | 332,974 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 386,035 | 388,708 | 391,904 | 406,392 | 0 |
| total current liabilities | 469,840 | 456,464 | 451,697 | 495,116 | 332,974 |
| loans | 10,800 | 10,800 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 83,171 | 92,585 | 111,486 | 61,486 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 93,971 | 103,385 | 111,486 | 61,486 | 0 |
| total liabilities | 563,811 | 559,849 | 563,183 | 556,602 | 332,974 |
| net assets | -519,391 | -493,652 | -484,476 | -416,794 | 501 |
| total shareholders funds | -519,391 | -493,652 | -484,476 | -416,794 | 501 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 7,747 | 6,610 | 8,593 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | |
| Tax | |||||
| Stock | -25,000 | 10,000 | -26,000 | 56,000 | 0 |
| Debtors | -125 | -14,854 | -7,036 | -183,034 | 210,248 |
| Creditors | 16,049 | 7,963 | -28,921 | -294,260 | 332,974 |
| Accruals and Deferred Income | -2,673 | -3,196 | -14,488 | 406,392 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| 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 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 10,800 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -9,414 | -18,901 | 50,000 | 61,486 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -53 | -1,716 | -25,314 | 28,069 | 0 |
| overdraft | 0 | 0 | -10 | 50,010 | 0 |
| change in cash | -53 | -1,716 | -25,304 | -21,941 | 0 |
cornwall bars limited Credit Report and Business Information
Cornwall Bars Limited Competitor Analysis
Perform a competitor analysis for cornwall bars limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
cornwall bars limited Ownership
CORNWALL BARS LIMITED group structure
Cornwall Bars Limited has no subsidiary companies.
Ultimate parent company
CORNWALL BARS LIMITED
11216344
cornwall bars limited directors
Cornwall Bars Limited currently has 1 director, Mr Jason Masters serving since Feb 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jason Masters | England | 43 years | Feb 2018 | - | Director |
P&L
February 2023turnover
289k
+2%
operating profit
-19.7k
0%
gross margin
55.5%
-5.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
-519.4k
+0.05%
total assets
44.4k
-0.33%
cash
986
-0.05%
net assets
Total assets minus all liabilities
Similar Companies
cornwall bars limited company details
company number
11216344
Type
Private limited with Share Capital
industry
56302 - Public houses and bars
incorporation date
February 2018
age
6
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
3/4 truro lanes, kenwyn street, truro, cornwall, TR1 2BA
last accounts submitted
February 2023
cornwall bars 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 cornwall bars limited.
cornwall bars limited Companies House Filings - See Documents
| date | description | view/download |
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