pearl assurance house 319, ballards lane, london, N12 8LY
Website
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providence bay restaurants ltdEstimated Valuation
£1.7m
Pomanda estimates the enterprise value of PROVIDENCE BAY RESTAURANTS LTD at £1.7m based on a Turnover of £3.1m and 0.57x industry multiple (adjusted for size and gross margin).
providence bay restaurants ltdEstimated Valuation
£707.1k
Pomanda estimates the enterprise value of PROVIDENCE BAY RESTAURANTS LTD at £707.1k based on an EBITDA of £195.8k and a 3.61x industry multiple (adjusted for size and gross margin).
providence bay restaurants ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of PROVIDENCE BAY RESTAURANTS LTD at £0 based on Net Assets of £-166.7k and 2.36x industry multiple (adjusted for liquidity).
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Providence Bay Restaurants LtdOverview
Providence Bay Restaurants Ltd is a live company located in london, N12 8LY with a Companies House number of 11901383. It operates in the licenced restaurants sector, SIC Code 56101. Founded in March 2019, it's largest shareholder is
aidan tjinakiet
with a 90% stake. Providence Bay Restaurants Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£3.1m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Providence Bay Restaurants Ltd 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
Health Rating3.5out of 5
5 Strong
1 Regular
6 Weak
Size
annual sales of £3.1m, make it larger than the average company (£1.6m)
£3.1m - Providence Bay Restaurants Ltd
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 39%, show it is growing at a faster rate (3.2%)
39% - Providence Bay Restaurants Ltd
3.2% - Industry AVG
Production
with a gross margin of 36%, this company has a higher cost of product (58.1%)
36% - Providence Bay Restaurants Ltd
58.1% - Industry AVG
Profitability
an operating margin of 2.8% make it less profitable than the average company (4.4%)
2.8% - Providence Bay Restaurants Ltd
4.4% - Industry AVG
Employees
with 48 employees, this is above the industry average (38)
48 - Providence Bay Restaurants Ltd
38 - Industry AVG
Pay Structure
on an average salary of £19.4k, the company has an equivalent pay structure (£19.4k)
£19.4k - Providence Bay Restaurants Ltd
£19.4k - Industry AVG
Efficiency
resulting in sales per employee of £64.2k, this is more efficient (£52k)
£64.2k - Providence Bay Restaurants Ltd
£52k - Industry AVG
Debtor Days
it gets paid by customers after 51 days, this is later than average (6 days)
51 days - Providence Bay Restaurants Ltd
6 days - Industry AVG
Creditor Days
its suppliers are paid after 151 days, this is slower than average (47 days)
151 days - Providence Bay Restaurants Ltd
47 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is more than average (12 days)
15 days - Providence Bay Restaurants Ltd
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (16 weeks)
1 weeks - Providence Bay Restaurants Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 114.9%, this is a higher level of debt than the average (81.8%)
114.9% - Providence Bay Restaurants Ltd
81.8% - Industry AVG
PROVIDENCE BAY RESTAURANTS LTD financials
EXPORT
Providence Bay Restaurants Ltd's latest turnover from March 2023 is estimated at £3.1 million and the company has net assets of -£166.7 thousand. According to their latest financial statements, Providence Bay Restaurants Ltd has 48 employees and maintains cash reserves of £17.8 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Turnover
3,081,483
1,726,846
939,535
1,152,810
Other Income Or Grants
Cost Of Sales
1,971,210
1,131,750
631,175
703,804
Gross Profit
1,110,273
595,096
308,359
449,006
Admin Expenses
1,022,619
693,864
106,137
755,350
Operating Profit
87,654
-98,768
202,222
-306,344
Interest Payable
6,278
9,197
4,575
Interest Receivable
1,303
382
49
20
Pre-Tax Profit
82,679
-107,582
197,696
-306,324
Tax
-15,709
-37,562
Profit After Tax
66,970
-107,582
160,134
-306,324
Dividends Paid
Retained Profit
66,970
-107,582
160,134
-306,324
Employee Costs
929,140
2,073,823
901,477
809,250
Number Of Employees
48
116
54
45
EBITDA*
195,820
-47,989
255,550
-278,779
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Tangible Assets
550,574
433,039
306,049
79,680
Intangible Assets
30,906
41,912
2,918
4,024
Investments & Other
500
500
500
Debtors (Due After 1 year)
Total Fixed Assets
581,980
475,451
309,467
83,704
Stock & work in progress
85,000
48,869
41,597
24,900
Trade Debtors
437,488
43,527
Group Debtors
Misc Debtors
81,254
96,934
60,731
Cash
17,802
43,519
58,466
39,163
misc current assets
total current assets
540,290
217,169
196,997
124,794
total assets
1,122,270
692,620
506,464
208,498
Bank overdraft
30,000
Bank loan
Trade Creditors
818,102
594,602
234,368
327,071
Group/Directors Accounts
other short term finances
hp & lease commitments
17,795
10,388
40,321
other current liabilities
134,938
189,886
127,330
total current liabilities
818,102
777,335
434,642
494,722
loans
92,500
150,000
hp & lease commitments
56,457
47,912
Accruals and Deferred Income
other liabilities
345,169
provisions
125,701
total long term liabilities
470,870
148,957
197,912
total liabilities
1,288,972
926,292
632,554
494,722
net assets
-166,702
-233,672
-126,090
-286,224
total shareholders funds
-166,702
-233,672
-126,090
-286,224
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Operating Activities
Operating Profit
87,654
-98,768
202,222
-306,344
Depreciation
97,160
39,773
52,222
26,559
Amortisation
11,006
11,006
1,106
1,006
Tax
-15,709
-37,562
Stock
36,131
7,272
16,697
24,900
Debtors
312,707
27,847
36,203
60,731
Creditors
223,500
360,234
-92,703
327,071
Accruals and Deferred Income
-134,938
-54,948
62,556
127,330
Deferred Taxes & Provisions
125,701
Cash flow from operations
45,536
222,178
134,941
89,991
Investing Activities
capital expenditure
-214,695
-216,763
-278,591
-111,269
Change in Investments
500
cash flow from investments
-214,695
-216,763
-279,091
-111,269
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-92,500
-57,500
150,000
Hire Purchase and Lease Commitments
-74,252
15,952
17,979
40,321
other long term liabilities
345,169
share issue
20,100
interest
-4,975
-8,815
-4,526
20
cash flow from financing
173,442
-50,363
163,453
60,441
cash and cash equivalents
cash
-25,717
-14,947
19,303
39,163
overdraft
-30,000
30,000
change in cash
4,283
-44,947
19,303
39,163
providence bay restaurants 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 providence bay restaurants ltd. Get real-time insights into providence bay restaurants ltd's credit score, group structure and payment trends.
Providence Bay Restaurants Ltd Competitor Analysis
Perform a competitor analysis for providence bay restaurants ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in N12 area or any other competitors across 12 key performance metrics.
providence bay restaurants ltd Ownership
PROVIDENCE BAY RESTAURANTS LTD group structure
Providence Bay Restaurants Ltd has no subsidiary companies.
Ultimate parent company
PROVIDENCE BAY RESTAURANTS LTD
11901383
PROVIDENCE BAY RESTAURANTS LTD Shareholders
The largest shareholders in Providence Bay Restaurants Ltd include Aidan Tjinakiet and Christopher Thompson.
aidan tjinakiet
90%
christopher thompson
5%
robert wrobel
5%
providence bay restaurants ltd directors
Providence Bay Restaurants Ltd currently has 1 director, Mr Aidan Tjinakiet serving since Mar 2019.
pearl assurance house 319, ballards lane, london, N12 8LY
Bank
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Legal Advisor
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providence bay restaurants 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 1 charges/mortgages relating to providence bay restaurants ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
providence bay restaurants 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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providence bay restaurants ltdCompanies House Filings - See Documents
