sweet and savoury (north east) ltd
sweet and savoury (north east) ltd Company Information
Company Number
11275207
Website
lovepopcorn.co.ukRegistered Address
unit 35b, number one industrial estate, consett, county durham, DH8 6SZ
Industry
Other food service activities
Telephone
01207588388
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
leslie graham 52%
matthew graham 48%
sweet and savoury (north east) ltd Estimated Valuation
Pomanda estimates the enterprise value of SWEET AND SAVOURY (NORTH EAST) LTD at £1.3m based on a Turnover of £2.3m and 0.55x industry multiple (adjusted for size and gross margin).
sweet and savoury (north east) ltd Estimated Valuation
Pomanda estimates the enterprise value of SWEET AND SAVOURY (NORTH EAST) LTD at £36.2k based on an EBITDA of £7.3k and a 4.97x industry multiple (adjusted for size and gross margin).
sweet and savoury (north east) ltd Estimated Valuation
Pomanda estimates the enterprise value of SWEET AND SAVOURY (NORTH EAST) LTD at £85k based on Net Assets of £30k and 2.84x industry multiple (adjusted for liquidity).
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Sweet And Savoury (north East) Ltd Overview
Sweet And Savoury (north East) Ltd is a live company located in consett, DH8 6SZ with a Companies House number of 11275207. It operates in the other food services sector, SIC Code 56290. Founded in March 2018, it's largest shareholder is leslie graham with a 52% stake. Sweet And Savoury (north East) Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.3m with rapid growth in recent years.
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Sweet And Savoury (north East) Ltd Health Check
Pomanda's financial health check has awarded Sweet And Savoury (North East) Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £2.3m, make it larger than the average company (£890.6k)
- Sweet And Savoury (north East) Ltd
£890.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 62%, show it is growing at a faster rate (5.7%)
- Sweet And Savoury (north East) Ltd
5.7% - Industry AVG
Production
with a gross margin of 26.7%, this company has a comparable cost of product (26.7%)
- Sweet And Savoury (north East) Ltd
26.7% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (3.1%)
- Sweet And Savoury (north East) Ltd
3.1% - Industry AVG
Employees
with 17 employees, this is above the industry average (14)
17 - Sweet And Savoury (north East) Ltd
14 - Industry AVG
Pay Structure
on an average salary of £22.1k, the company has an equivalent pay structure (£22.1k)
- Sweet And Savoury (north East) Ltd
£22.1k - Industry AVG
Efficiency
resulting in sales per employee of £133.7k, this is more efficient (£63.2k)
- Sweet And Savoury (north East) Ltd
£63.2k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is later than average (28 days)
- Sweet And Savoury (north East) Ltd
28 days - Industry AVG
Creditor Days
its suppliers are paid after 71 days, this is slower than average (35 days)
- Sweet And Savoury (north East) Ltd
35 days - Industry AVG
Stock Days
it holds stock equivalent to 32 days, this is more than average (16 days)
- Sweet And Savoury (north East) Ltd
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is less cash available to meet short term requirements (25 weeks)
17 weeks - Sweet And Savoury (north East) Ltd
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.2%, this is a higher level of debt than the average (68.6%)
95.2% - Sweet And Savoury (north East) Ltd
68.6% - Industry AVG
SWEET AND SAVOURY (NORTH EAST) LTD financials
Sweet And Savoury (North East) Ltd's latest turnover from March 2023 is estimated at £2.3 million and the company has net assets of £30 thousand. According to their latest financial statements, Sweet And Savoury (North East) Ltd has 17 employees and maintains cash reserves of £193.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 17 | 12 | 9 | 9 | 8 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 15,445 | 20,594 | 26,766 | 34,538 | 20,831 |
| 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 | 15,445 | 20,594 | 26,766 | 34,538 | 20,831 |
| Stock & work in progress | 149,730 | 50,831 | 42,175 | 44,872 | 8,433 |
| Trade Debtors | 215,125 | 119,781 | 131,501 | 38,541 | 18,431 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 43,985 | 12,508 | 12,508 | 12,508 | 14,886 |
| Cash | 193,920 | 376,559 | 79,193 | 64,892 | 4,665 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 602,760 | 559,679 | 265,377 | 160,813 | 46,415 |
| total assets | 618,205 | 580,273 | 292,143 | 195,351 | 67,246 |
| Bank overdraft | 10,000 | 10,000 | 8,333 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 324,882 | 151,965 | 34,630 | 40,190 | 1,525 |
| Group/Directors Accounts | 107,814 | 193,243 | 171,531 | 197,899 | 86,398 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 122,366 | 170,630 | 46,968 | 20,447 | 6,555 |
| total current liabilities | 565,062 | 525,838 | 261,462 | 258,536 | 94,478 |
| loans | 23,173 | 32,858 | 41,667 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 23,173 | 32,858 | 41,667 | 0 | 0 |
| total liabilities | 588,235 | 558,696 | 303,129 | 258,536 | 94,478 |
| net assets | 29,970 | 21,577 | -10,986 | -63,185 | -27,232 |
| total shareholders funds | 29,970 | 21,577 | -10,986 | -63,185 | -27,232 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 5,149 | 6,864 | 8,922 | 11,513 | 6,944 |
| Amortisation | 0 | 0 | 0 | 0 | 1,000 |
| Tax | |||||
| Stock | 98,899 | 8,656 | -2,697 | 36,439 | 8,433 |
| Debtors | 126,821 | -11,720 | 92,960 | 17,732 | 33,317 |
| Creditors | 172,917 | 117,335 | -5,560 | 38,665 | 1,525 |
| Accruals and Deferred Income | -48,264 | 123,662 | 26,521 | 13,892 | 6,555 |
| 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 | -85,429 | 21,712 | -26,368 | 111,501 | 86,398 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -9,685 | -8,809 | 41,667 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -182,639 | 297,366 | 14,301 | 60,227 | 4,665 |
| overdraft | 0 | 1,667 | 8,333 | 0 | 0 |
| change in cash | -182,639 | 295,699 | 5,968 | 60,227 | 4,665 |
sweet and savoury (north east) ltd Credit Report and Business Information
Sweet And Savoury (north East) Ltd Competitor Analysis
Perform a competitor analysis for sweet and savoury (north east) ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in DH8 area or any other competitors across 12 key performance metrics.
sweet and savoury (north east) ltd Ownership
SWEET AND SAVOURY (NORTH EAST) LTD group structure
Sweet And Savoury (North East) Ltd has no subsidiary companies.
Ultimate parent company
SWEET AND SAVOURY (NORTH EAST) LTD
11275207
sweet and savoury (north east) ltd directors
Sweet And Savoury (North East) Ltd currently has 2 directors. The longest serving directors include Mr Matthew Graham (Mar 2018) and Leslie Graham (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Graham | England | 28 years | Mar 2018 | - | Director |
| Leslie Graham | England | 72 years | Mar 2018 | - | Director |
P&L
March 2023turnover
2.3m
+116%
operating profit
2.1k
0%
gross margin
26.8%
+1.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
30k
+0.39%
total assets
618.2k
+0.07%
cash
193.9k
-0.49%
net assets
Total assets minus all liabilities
sweet and savoury (north east) ltd company details
company number
11275207
Type
Private limited with Share Capital
industry
56290 - Other food service activities
incorporation date
March 2018
age
6
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
unit 35b, number one industrial estate, consett, county durham, DH8 6SZ
accountant
DOUGLAS SHAW LIMITED
auditor
-
sweet and savoury (north east) 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 sweet and savoury (north east) ltd.
sweet and savoury (north east) ltd Companies House Filings - See Documents
| date | description | view/download |
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