mike's kensington bar and rooms ltd
mike's kensington bar and rooms ltd Company Information
Company Number
12344220
Website
-Registered Address
281-283 promenade, blackpool, FY1 6AJ
Industry
Public houses and bars
Telephone
-
Next Accounts Due
674 days late
Group Structure
View All
Directors
Vipon Mehta4 Years
Shareholders
vipon mehta 100%
mike's kensington bar and rooms ltd Estimated Valuation
Pomanda estimates the enterprise value of MIKE'S KENSINGTON BAR AND ROOMS LTD at £82.8k based on a Turnover of £173.2k and 0.48x industry multiple (adjusted for size and gross margin).
mike's kensington bar and rooms ltd Estimated Valuation
Pomanda estimates the enterprise value of MIKE'S KENSINGTON BAR AND ROOMS LTD at £19.3k based on an EBITDA of £5.5k and a 3.48x industry multiple (adjusted for size and gross margin).
mike's kensington bar and rooms ltd Estimated Valuation
Pomanda estimates the enterprise value of MIKE'S KENSINGTON BAR AND ROOMS LTD at £0 based on Net Assets of £-1.2k and 1.85x industry multiple (adjusted for liquidity).
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Mike's Kensington Bar And Rooms Ltd Overview
Mike's Kensington Bar And Rooms Ltd is a live company located in blackpool, FY1 6AJ with a Companies House number of 12344220. It operates in the public houses and bars sector, SIC Code 56302. Founded in December 2019, it's largest shareholder is vipon mehta with a 100% stake. Mike's Kensington Bar And Rooms Ltd is a young, micro sized company, Pomanda has estimated its turnover at £173.2k with unknown growth in recent years.
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Mike's Kensington Bar And Rooms Ltd Health Check
Pomanda's financial health check has awarded Mike'S Kensington Bar And Rooms Ltd a 1.5 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
1 Strong
1 Regular
7 Weak
Size
annual sales of £173.2k, make it smaller than the average company (£403.5k)
- Mike's Kensington Bar And Rooms Ltd
£403.5k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Mike's Kensington Bar And Rooms Ltd
- - Industry AVG
Production
with a gross margin of 36.8%, this company has a higher cost of product (57.9%)
- Mike's Kensington Bar And Rooms Ltd
57.9% - Industry AVG
Profitability
an operating margin of 3.2% make it more profitable than the average company (-0.4%)
- Mike's Kensington Bar And Rooms Ltd
-0.4% - Industry AVG
Employees
with 7 employees, this is below the industry average (15)
7 - Mike's Kensington Bar And Rooms Ltd
15 - Industry AVG
Pay Structure
on an average salary of £13.3k, the company has an equivalent pay structure (£13.3k)
- Mike's Kensington Bar And Rooms Ltd
£13.3k - Industry AVG
Efficiency
resulting in sales per employee of £24.7k, this is less efficient (£31.6k)
- Mike's Kensington Bar And Rooms Ltd
£31.6k - Industry AVG
Debtor Days
it gets paid by customers after 110 days, this is later than average (13 days)
- Mike's Kensington Bar And Rooms Ltd
13 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is quicker than average (42 days)
- Mike's Kensington Bar And Rooms Ltd
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mike's Kensington Bar And Rooms Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mike's Kensington Bar And Rooms Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 102.2%, this is a higher level of debt than the average (85.2%)
102.2% - Mike's Kensington Bar And Rooms Ltd
85.2% - Industry AVG
MIKE'S KENSINGTON BAR AND ROOMS LTD financials
Mike'S Kensington Bar And Rooms Ltd's latest turnover from March 2021 is estimated at £173.2 thousand and the company has net assets of -£1.2 thousand. According to their latest financial statements, Mike'S Kensington Bar And Rooms Ltd has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2021 | Mar 2020 | |
|---|---|---|
| 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 | 7 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2021 | Mar 2020 | |
|---|---|---|
| Tangible Assets | 0 | 0 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 0 | 0 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 52,204 | 443 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 0 |
| Cash | 0 | 0 |
| misc current assets | 0 | 0 |
| total current assets | 52,204 | 443 |
| total assets | 52,204 | 443 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 10,042 | 6,090 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 0 | 0 |
| total current liabilities | 10,042 | 6,090 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 43,333 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 43,333 | 0 |
| total liabilities | 53,375 | 6,090 |
| net assets | -1,171 | -5,647 |
| total shareholders funds | -1,171 | -5,647 |
| Mar 2021 | Mar 2020 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 0 | 0 |
| Amortisation | 0 | 0 |
| Tax | ||
| Stock | 0 | 0 |
| Debtors | 51,761 | 443 |
| Creditors | 3,952 | 6,090 |
| Accruals and Deferred Income | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 43,333 | 0 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 0 | 0 |
| overdraft | 0 | 0 |
| change in cash | 0 | 0 |
mike's kensington bar and rooms ltd Credit Report and Business Information
Mike's Kensington Bar And Rooms Ltd Competitor Analysis
Perform a competitor analysis for mike's kensington bar and rooms ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in FY1 area or any other competitors across 12 key performance metrics.
mike's kensington bar and rooms ltd Ownership
MIKE'S KENSINGTON BAR AND ROOMS LTD group structure
Mike'S Kensington Bar And Rooms Ltd has no subsidiary companies.
Ultimate parent company
MIKE'S KENSINGTON BAR AND ROOMS LTD
12344220
mike's kensington bar and rooms ltd directors
Mike'S Kensington Bar And Rooms Ltd currently has 1 director, Mr Vipon Mehta serving since Dec 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Vipon Mehta | England | 60 years | Dec 2019 | - | Director |
P&L
March 2021turnover
173.2k
+2065%
operating profit
5.5k
0%
gross margin
36.9%
-11.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2021net assets
-1.2k
-0.79%
total assets
52.2k
+116.84%
cash
0
0%
net assets
Total assets minus all liabilities
mike's kensington bar and rooms ltd company details
company number
12344220
Type
Private limited with Share Capital
industry
56302 - Public houses and bars
incorporation date
December 2019
age
5
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2021
previous names
N/A
accountant
-
auditor
-
address
281-283 promenade, blackpool, FY1 6AJ
Bank
-
Legal Advisor
-
mike's kensington bar and rooms 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 mike's kensington bar and rooms ltd.
mike's kensington bar and rooms ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
