Pomanda estimates the enterprise value of MORE THAN LETTUCE LIMITED at £220k based on a Turnover of £329.4k and 0.67x industry multiple (adjusted for size and gross margin).
more than lettuce limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of MORE THAN LETTUCE LIMITED at £0 based on an EBITDA of £-35.6k and a 4.31x industry multiple (adjusted for size and gross margin).
more than lettuce limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of MORE THAN LETTUCE LIMITED at £0 based on Net Assets of £-132.4k and 2.5x industry multiple (adjusted for liquidity).
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More Than Lettuce LimitedOverview
More Than Lettuce Limited is a live company located in london, W1W 7TH with a Companies House number of 12114084. It operates in the licenced restaurants sector, SIC Code 56101. Founded in July 2019, it's largest shareholder is
emerson amelio de oliveira
with a 87.5% stake. More Than Lettuce Limited is a young,
micro sized company, Pomanda has estimated its turnover at
£329.4k with
rapid
growth in recent years.
Pomanda's financial health check has awarded More Than Lettuce Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
2 Strong
2 Regular
7 Weak
Size
annual sales of £329.4k, make it smaller than the average company (£3.5m)
£329.4k - More Than Lettuce Limited
£3.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (12.8%)
47% - More Than Lettuce Limited
12.8% - Industry AVG
Production
with a gross margin of 58.5%, this company has a comparable cost of product (58.5%)
58.5% - More Than Lettuce Limited
58.5% - Industry AVG
Profitability
an operating margin of -14.2% make it less profitable than the average company (2.5%)
-14.2% - More Than Lettuce Limited
2.5% - Industry AVG
Employees
with 7 employees, this is below the industry average (62)
7 - More Than Lettuce Limited
62 - Industry AVG
Pay Structure
on an average salary of £20.5k, the company has an equivalent pay structure (£20.5k)
£20.5k - More Than Lettuce Limited
£20.5k - Industry AVG
Efficiency
resulting in sales per employee of £47.1k, this is less efficient (£57.2k)
£47.1k - More Than Lettuce Limited
£57.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - More Than Lettuce Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 155 days, this is slower than average (47 days)
155 days - More Than Lettuce Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 18 days, this is more than average (11 days)
18 days - More Than Lettuce Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - More Than Lettuce Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 184.6%, this is a higher level of debt than the average (82.9%)
184.6% - More Than Lettuce Limited
82.9% - Industry AVG
MORE THAN LETTUCE LIMITED financials
EXPORT
More Than Lettuce Limited's latest turnover from December 2023 is estimated at £329.4 thousand and the company has net assets of -£132.4 thousand. According to their latest financial statements, More Than Lettuce Limited has 7 employees and maintains cash reserves of £4.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Jul 2020
Jul 2019
Turnover
329,431
285,814
201,811
104,634
194,471
Other Income Or Grants
Cost Of Sales
136,814
123,969
86,085
39,979
76,249
Gross Profit
192,617
161,845
115,725
64,655
118,222
Admin Expenses
239,469
194,123
131,473
202,577
15,622
Operating Profit
-46,852
-32,278
-15,748
-137,922
102,600
Interest Payable
5,282
4,671
3,125
1,525
Interest Receivable
483
515
46
11
Pre-Tax Profit
-51,651
-36,434
-18,827
-139,436
102,600
Tax
-19,494
Profit After Tax
-51,651
-36,434
-18,827
-139,436
83,106
Dividends Paid
Retained Profit
-51,651
-36,434
-18,827
-139,436
83,106
Employee Costs
143,190
139,293
127,025
52,342
18,086
Number Of Employees
7
7
7
3
1
EBITDA*
-35,621
-20,638
-2,816
-137,922
102,600
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Jul 2020
Jul 2019
Tangible Assets
53,294
57,045
67,963
68,076
107,118
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
53,294
57,045
67,963
68,076
107,118
Stock & work in progress
6,784
6,567
6,502
4,015
Trade Debtors
8,279
Group Debtors
Misc Debtors
92,265
55,000
53,182
61,634
Cash
4,110
14,281
15,158
21,438
misc current assets
total current assets
103,159
75,848
74,842
87,087
8,279
total assets
156,453
132,893
142,805
155,163
115,397
Bank overdraft
Bank loan
10,258
Trade Creditors
58,124
36,272
34,434
1,070
32,291
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
185,129
129,006
102,653
129,548
total current liabilities
253,511
165,278
137,087
130,618
32,291
loans
35,309
48,331
50,000
50,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
35,309
48,331
50,000
50,000
total liabilities
288,820
213,609
187,087
180,618
32,291
net assets
-132,367
-80,716
-44,282
-25,455
83,106
total shareholders funds
-132,367
-80,716
-44,282
-25,455
83,106
Dec 2023
Dec 2022
Dec 2021
Jul 2020
Jul 2019
Operating Activities
Operating Profit
-46,852
-32,278
-15,748
-137,922
102,600
Depreciation
11,231
11,640
12,932
Amortisation
Tax
-19,494
Stock
217
65
2,487
4,015
Debtors
37,265
1,818
-8,452
53,355
8,279
Creditors
21,852
1,838
33,364
-31,221
32,291
Accruals and Deferred Income
56,123
26,353
-26,895
129,548
Deferred Taxes & Provisions
Cash flow from operations
4,872
5,670
9,618
-96,965
107,118
Investing Activities
capital expenditure
-7,480
-722
-12,819
39,042
-107,118
Change in Investments
cash flow from investments
-7,480
-722
-12,819
39,042
-107,118
Financing Activities
Bank loans
10,258
Group/Directors Accounts
Other Short Term Loans
Long term loans
-13,022
-1,669
50,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
30,875
interest
-4,799
-4,156
-3,079
-1,514
cash flow from financing
-7,563
-5,825
-3,079
79,361
cash and cash equivalents
cash
-10,171
-877
-6,280
21,438
overdraft
change in cash
-10,171
-877
-6,280
21,438
more than lettuce limited 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 more than lettuce limited. Get real-time insights into more than lettuce limited's credit score, group structure and payment trends.
Perform a competitor analysis for more than lettuce limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in W1W area or any other competitors across 12 key performance metrics.
more than lettuce limited Ownership
MORE THAN LETTUCE LIMITED group structure
More Than Lettuce Limited has no subsidiary companies.
Ultimate parent company
MORE THAN LETTUCE LIMITED
12114084
MORE THAN LETTUCE LIMITED Shareholders
The largest shareholders in More Than Lettuce Limited include Emerson Amelio De Oliveira and Angela Clare Collins.
emerson amelio de oliveira
87.5%
angela clare collins
12.5%
more than lettuce limited directors
More Than Lettuce Limited currently has 2 directors.
The longest serving directors include
Mrs Magdalena Amelio De Oliveira (Jul 2019) and
Mrs Angela Collins (Nov 2019).
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 more than lettuce limited.
more than lettuce limited 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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more than lettuce limitedCompanies House Filings - See Documents
