morgarten restaurants (chelmsford) limited

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morgarten restaurants (chelmsford) limited Company Information

Share MORGARTEN RESTAURANTS (CHELMSFORD) LIMITED

Company Number

12182128

Shareholders

tp2 ltd

Group Structure

View All

Industry

Licensed restaurants

 

Registered Address

58 leman street, london, E1 8EU

Website

-

morgarten restaurants (chelmsford) limited Estimated Valuation

£320.5k

Pomanda estimates the enterprise value of MORGARTEN RESTAURANTS (CHELMSFORD) LIMITED at £320.5k based on a Turnover of £484.5k and 0.66x industry multiple (adjusted for size and gross margin).

morgarten restaurants (chelmsford) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MORGARTEN RESTAURANTS (CHELMSFORD) LIMITED at £0 based on an EBITDA of £-16.2k and a 4.28x industry multiple (adjusted for size and gross margin).

morgarten restaurants (chelmsford) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MORGARTEN RESTAURANTS (CHELMSFORD) LIMITED at £0 based on Net Assets of £-221.8k and 2.72x industry multiple (adjusted for liquidity).

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Morgarten Restaurants (chelmsford) Limited Overview

Morgarten Restaurants (chelmsford) Limited is a live company located in london, E1 8EU with a Companies House number of 12182128. It operates in the licenced restaurants sector, SIC Code 56101. Founded in August 2019, it's largest shareholder is tp2 ltd with a 100% stake. Morgarten Restaurants (chelmsford) Limited is a young, micro sized company, Pomanda has estimated its turnover at £484.5k with unknown growth in recent years.

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Morgarten Restaurants (chelmsford) Limited Health Check

Pomanda's financial health check has awarded Morgarten Restaurants (Chelmsford) Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £484.5k, make it smaller than the average company (£677.6k)

£484.5k - Morgarten Restaurants (chelmsford) Limited

£677.6k - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Morgarten Restaurants (chelmsford) Limited

- - Industry AVG

production

Production

with a gross margin of 60%, this company has a comparable cost of product (60%)

60% - Morgarten Restaurants (chelmsford) Limited

60% - Industry AVG

profitability

Profitability

an operating margin of -6.6% make it less profitable than the average company (-2.2%)

-6.6% - Morgarten Restaurants (chelmsford) Limited

-2.2% - Industry AVG

employees

Employees

with 19 employees, this is below the industry average (33)

19 - Morgarten Restaurants (chelmsford) Limited

33 - Industry AVG

paystructure

Pay Structure

on an average salary of £17.1k, the company has an equivalent pay structure (£17.1k)

£17.1k - Morgarten Restaurants (chelmsford) Limited

£17.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £25.5k, this is less efficient (£32.6k)

£25.5k - Morgarten Restaurants (chelmsford) Limited

£32.6k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Morgarten Restaurants (chelmsford) Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 113 days, this is slower than average (62 days)

113 days - Morgarten Restaurants (chelmsford) Limited

62 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 26 days, this is more than average (16 days)

26 days - Morgarten Restaurants (chelmsford) Limited

16 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (16 weeks)

2 weeks - Morgarten Restaurants (chelmsford) Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 222.2%, this is a higher level of debt than the average (88.3%)

222.2% - Morgarten Restaurants (chelmsford) Limited

88.3% - Industry AVG

MORGARTEN RESTAURANTS (CHELMSFORD) LIMITED financials

EXPORTms excel logo

Morgarten Restaurants (Chelmsford) Limited's latest turnover from August 2021 is estimated at £484.5 thousand and the company has net assets of -£221.8 thousand. According to their latest financial statements, Morgarten Restaurants (Chelmsford) Limited has 19 employees and maintains cash reserves of £19.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2021Aug 2020
Turnover484,484754,054
Other Income Or Grants00
Cost Of Sales193,836290,973
Gross Profit290,649463,082
Admin Expenses322,769648,406
Operating Profit-32,120-185,324
Interest Payable3,0021,525
Interest Receivable3525
Pre-Tax Profit-35,087-186,824
Tax00
Profit After Tax-35,087-186,824
Dividends Paid00
Retained Profit-35,087-186,824
Employee Costs324,264191,656
Number Of Employees1911
EBITDA*-16,189-172,598

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2021Aug 2020
Tangible Assets57,44866,051
Intangible Assets7,3330
Investments & Other00
Debtors (Due After 1 year)00
Total Fixed Assets64,78166,051
Stock & work in progress14,00010,500
Trade Debtors026,101
Group Debtors00
Misc Debtors83,27636,071
Cash19,49750,014
misc current assets00
total current assets116,773122,686
total assets181,554188,737
Bank overdraft00
Bank loan4,3913,333
Trade Creditors 60,28797,079
Group/Directors Accounts00
other short term finances00
hp & lease commitments00
other current liabilities294,644139,187
total current liabilities359,322239,599
loans44,04346,667
hp & lease commitments00
Accruals and Deferred Income078,299
other liabilities00
provisions010,896
total long term liabilities44,043135,862
total liabilities403,365375,461
net assets-221,811-186,724
total shareholders funds-221,811-186,724
Aug 2021Aug 2020
Operating Activities
Operating Profit-32,120-185,324
Depreciation15,26412,726
Amortisation6670
Tax00
Stock3,50010,500
Debtors21,10462,172
Creditors-36,79297,079
Accruals and Deferred Income77,158217,486
Deferred Taxes & Provisions-10,89610,896
Cash flow from operations-11,32380,191
Investing Activities
capital expenditure-14,661-78,777
Change in Investments00
cash flow from investments-14,661-78,777
Financing Activities
Bank loans1,0583,333
Group/Directors Accounts00
Other Short Term Loans 00
Long term loans-2,62446,667
Hire Purchase and Lease Commitments00
other long term liabilities00
share issue0100
interest-2,967-1,500
cash flow from financing-4,53348,600
cash and cash equivalents
cash-30,51750,014
overdraft00
change in cash-30,51750,014

morgarten restaurants (chelmsford) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Morgarten Restaurants (chelmsford) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for morgarten restaurants (chelmsford) limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in E 1 area or any other competitors across 12 key performance metrics.

morgarten restaurants (chelmsford) limited Ownership

MORGARTEN RESTAURANTS (CHELMSFORD) LIMITED group structure

Morgarten Restaurants (Chelmsford) Limited has no subsidiary companies.

Ultimate parent company

1 parent

MORGARTEN RESTAURANTS (CHELMSFORD) LIMITED

12182128

MORGARTEN RESTAURANTS (CHELMSFORD) LIMITED Shareholders

tp2 ltd 100%

morgarten restaurants (chelmsford) limited directors

Morgarten Restaurants (Chelmsford) Limited currently has 1 director, Mr Charles Samuels serving since Nov 2022.

officercountryagestartendrole
Mr Charles SamuelsUnited Kingdom63 years Nov 2022- Director

P&L

August 2021

turnover

484.5k

-36%

operating profit

-32.1k

0%

gross margin

60%

-2.31%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

August 2021

net assets

-221.8k

+0.19%

total assets

181.6k

-0.04%

cash

19.5k

-0.61%

net assets

Total assets minus all liabilities

morgarten restaurants (chelmsford) limited company details

company number

12182128

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

incorporation date

August 2019

age

6

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

August 2021

previous names

N/A

accountant

-

auditor

-

address

58 leman street, london, E1 8EU

Bank

-

Legal Advisor

-

morgarten restaurants (chelmsford) 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 found 1 charges/mortgages relating to morgarten restaurants (chelmsford) limited. Currently there are 1 open charges and 0 have been satisfied in the past.

morgarten restaurants (chelmsford) 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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morgarten restaurants (chelmsford) limited Companies House Filings - See Documents

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