the secret beach bar & kitchen ltdEstimated Valuation
£1.7m
Pomanda estimates the enterprise value of THE SECRET BEACH BAR & KITCHEN LTD at £1.7m based on a Turnover of £2.5m and 0.69x industry multiple (adjusted for size and gross margin).
the secret beach bar & kitchen ltdEstimated Valuation
£985.1k
Pomanda estimates the enterprise value of THE SECRET BEACH BAR & KITCHEN LTD at £985.1k based on an EBITDA of £225.4k and a 4.37x industry multiple (adjusted for size and gross margin).
the secret beach bar & kitchen ltdEstimated Valuation
£1.3m
Pomanda estimates the enterprise value of THE SECRET BEACH BAR & KITCHEN LTD at £1.3m based on Net Assets of £557.9k and 2.36x industry multiple (adjusted for liquidity).
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The Secret Beach Bar & Kitchen LtdOverview
The Secret Beach Bar & Kitchen Ltd is a live company located in swansea, SA2 0AY with a Companies House number of 11716276. It operates in the licenced restaurants sector, SIC Code 56101. Founded in December 2018, it's largest shareholder is
the secret hospitality group ltd
with a 100% stake. The Secret Beach Bar & Kitchen Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£2.5m with
rapid
growth in recent years.
Pomanda's financial health check has awarded The Secret Beach Bar & Kitchen Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
5 Strong
3 Regular
4 Weak
Size
annual sales of £2.5m, make it smaller than the average company (£3.4m)
£2.5m - The Secret Beach Bar & Kitchen Ltd
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 59%, show it is growing at a faster rate (12.8%)
59% - The Secret Beach Bar & Kitchen Ltd
12.8% - Industry AVG
Production
with a gross margin of 58.4%, this company has a comparable cost of product (58.4%)
58.4% - The Secret Beach Bar & Kitchen Ltd
58.4% - Industry AVG
Profitability
an operating margin of 7.4% make it more profitable than the average company (2.5%)
7.4% - The Secret Beach Bar & Kitchen Ltd
2.5% - Industry AVG
Employees
with 64 employees, this is similar to the industry average (60)
64 - The Secret Beach Bar & Kitchen Ltd
60 - Industry AVG
Pay Structure
on an average salary of £20.4k, the company has an equivalent pay structure (£20.4k)
£20.4k - The Secret Beach Bar & Kitchen Ltd
£20.4k - Industry AVG
Efficiency
resulting in sales per employee of £38.8k, this is less efficient (£56.9k)
£38.8k - The Secret Beach Bar & Kitchen Ltd
£56.9k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (6 days)
4 days - The Secret Beach Bar & Kitchen Ltd
6 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (47 days)
16 days - The Secret Beach Bar & Kitchen Ltd
47 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (11 days)
3 days - The Secret Beach Bar & Kitchen Ltd
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (12 weeks)
5 weeks - The Secret Beach Bar & Kitchen Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.6%, this is a lower level of debt than the average (82.7%)
63.6% - The Secret Beach Bar & Kitchen Ltd
82.7% - Industry AVG
THE SECRET BEACH BAR & KITCHEN LTD financials
EXPORT
The Secret Beach Bar & Kitchen Ltd's latest turnover from December 2023 is estimated at £2.5 million and the company has net assets of £557.9 thousand. According to their latest financial statements, The Secret Beach Bar & Kitchen Ltd has 64 employees and maintains cash reserves of £97 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Turnover
2,484,805
928,933
698,296
616,400
1,325,804
Other Income Or Grants
Cost Of Sales
1,033,321
407,142
302,321
254,335
521,137
Gross Profit
1,451,483
521,792
395,975
362,065
804,667
Admin Expenses
1,267,742
353,038
54,562
187,475
938,513
Operating Profit
183,741
168,754
341,413
174,590
-133,846
Interest Payable
7,111
4,741
Interest Receivable
3,595
6,334
450
30
79
Pre-Tax Profit
180,225
170,347
341,863
174,620
-133,767
Tax
-45,056
-32,366
-64,954
-33,178
Profit After Tax
135,169
137,981
276,909
141,442
-133,767
Dividends Paid
Retained Profit
135,169
137,981
276,909
141,442
-133,767
Employee Costs
1,303,482
474,829
435,037
423,325
830,749
Number Of Employees
64
24
24
24
45
EBITDA*
225,395
232,859
401,861
215,212
-133,846
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Tangible Assets
194,362
220,372
258,231
264,519
268,796
Intangible Assets
4,743
5,336
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
199,105
225,708
258,231
264,519
268,796
Stock & work in progress
10,614
10,342
10,903
7,085
9,339
Trade Debtors
32,151
15,680
3,750
4,121
Group Debtors
1,188,298
1,033,895
122,993
36,287
Misc Debtors
4,625
4,118
94,582
33,313
5,880
Cash
96,960
39,980
321,953
38,249
21,167
misc current assets
total current assets
1,332,648
1,088,335
566,111
118,684
40,507
total assets
1,531,753
1,314,043
824,342
383,203
309,303
Bank overdraft
Bank loan
10,035
34,659
Trade Creditors
46,837
49,455
42,422
20,082
77,994
Group/Directors Accounts
361,151
63,241
170,221
2,046
other short term finances
hp & lease commitments
14,879
14,015
other current liabilities
536,335
623,678
150,521
92,923
112,015
total current liabilities
954,358
771,033
363,164
129,930
204,024
loans
16,565
65,152
hp & lease commitments
47,707
62,421
Accruals and Deferred Income
other liabilities
128,501
197,691
176,425
provisions
2,896
55,093
47,893
total long term liabilities
19,461
120,245
176,394
245,398
238,846
total liabilities
973,819
891,278
539,558
375,328
442,870
net assets
557,934
422,765
284,784
7,875
-133,567
total shareholders funds
557,934
422,765
284,784
7,875
-133,567
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Operating Activities
Operating Profit
183,741
168,754
341,413
174,590
-133,846
Depreciation
41,061
64,105
60,448
40,622
Amortisation
593
Tax
-45,056
-32,366
-64,954
-33,178
Stock
272
-561
3,818
-2,254
9,339
Debtors
187,061
804,758
159,905
63,349
10,001
Creditors
-2,618
7,033
22,340
-57,912
77,994
Accruals and Deferred Income
-87,343
473,157
57,598
-19,092
112,015
Deferred Taxes & Provisions
-52,197
7,200
47,893
Cash flow from operations
-149,152
-116,314
301,015
43,935
36,823
Investing Activities
capital expenditure
-15,051
-31,582
-54,160
-36,345
-268,796
Change in Investments
cash flow from investments
-15,051
-31,582
-54,160
-36,345
-268,796
Financing Activities
Bank loans
-24,624
34,659
Group/Directors Accounts
297,910
-106,980
168,175
2,046
Other Short Term Loans
Long term loans
-48,587
65,152
Hire Purchase and Lease Commitments
-62,586
-13,850
76,436
other long term liabilities
-128,501
-69,190
21,266
176,425
share issue
200
interest
-3,516
1,593
450
30
79
cash flow from financing
221,183
-134,077
36,849
9,492
253,140
cash and cash equivalents
cash
56,980
-281,973
283,704
17,082
21,167
overdraft
change in cash
56,980
-281,973
283,704
17,082
21,167
the secret beach bar & kitchen ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for the secret beach bar & kitchen ltd. Get real-time insights into the secret beach bar & kitchen ltd's credit score, group structure and payment trends.
The Secret Beach Bar & Kitchen Ltd Competitor Analysis
Perform a competitor analysis for the secret beach bar & kitchen ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in SA2 area or any other competitors across 12 key performance metrics.
the secret beach bar & kitchen ltd Ownership
THE SECRET BEACH BAR & KITCHEN LTD group structure
The Secret Beach Bar & Kitchen Ltd has no subsidiary companies.
The sole shareholder of The Secret Beach Bar & Kitchen Ltd is The Secret Hospitality Group Ltd.
the secret hospitality group ltd
100%
the secret beach bar & kitchen ltd directors
The Secret Beach Bar & Kitchen Ltd currently has 4 directors.
The longest serving directors include
Mr Ryan Hole (Dec 2018) and
Ms Lucy Hole (Dec 2018).
the secret beach bar and kitchen, mumbles road, swansea, SA2 0AY
Bank
-
Legal Advisor
-
the secret beach bar & kitchen 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 5 charges/mortgages relating to the secret beach bar & kitchen ltd. Currently there are 4 open charges and 1 have been satisfied in the past.
the secret beach bar & kitchen 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.
Click to start generating capital raising & share issue transactions for THE SECRET BEACH BAR & KITCHEN LTD. This can take several minutes, an email will notify you when this has completed.
the secret beach bar & kitchen ltdCompanies House Filings - See Documents
