spin oriental foods ltd
spin oriental foods ltd Company Information
Company Number
12368165
Website
-Registered Address
74 ben jonson road, london, E1 3NN
Industry
Agents involved in the sale of food, beverages and tobacco
Telephone
-
Next Accounts Due
28 days late
Group Structure
View All
Directors
Mushawar Ahmed4 Years
Shareholders
mushawar ahmed 100%
spin oriental foods ltd Estimated Valuation
Pomanda estimates the enterprise value of SPIN ORIENTAL FOODS LTD at £45.7k based on a Turnover of £214.8k and 0.21x industry multiple (adjusted for size and gross margin).
spin oriental foods ltd Estimated Valuation
Pomanda estimates the enterprise value of SPIN ORIENTAL FOODS LTD at £0 based on an EBITDA of £-2.3k and a 4.12x industry multiple (adjusted for size and gross margin).
spin oriental foods ltd Estimated Valuation
Pomanda estimates the enterprise value of SPIN ORIENTAL FOODS LTD at £0 based on Net Assets of £-21.8k and 1.15x industry multiple (adjusted for liquidity).
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Spin Oriental Foods Ltd Overview
Spin Oriental Foods Ltd is a live company located in london, E1 3NN with a Companies House number of 12368165. It operates in the agents involved in the sale of food, beverages and tobacco sector, SIC Code 46170. Founded in December 2019, it's largest shareholder is mushawar ahmed with a 100% stake. Spin Oriental Foods Ltd is a young, micro sized company, Pomanda has estimated its turnover at £214.8k with unknown growth in recent years.
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Spin Oriental Foods Ltd Health Check
Pomanda's financial health check has awarded Spin Oriental Foods Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
6 Weak
Size
annual sales of £214.8k, make it smaller than the average company (£15.1m)
- Spin Oriental Foods Ltd
£15.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Spin Oriental Foods Ltd
- - Industry AVG
Production
with a gross margin of 9.2%, this company has a higher cost of product (16.5%)
- Spin Oriental Foods Ltd
16.5% - Industry AVG
Profitability
an operating margin of -1% make it less profitable than the average company (3.3%)
- Spin Oriental Foods Ltd
3.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (19)
2 - Spin Oriental Foods Ltd
19 - Industry AVG
Pay Structure
on an average salary of £41.6k, the company has an equivalent pay structure (£41.6k)
- Spin Oriental Foods Ltd
£41.6k - Industry AVG
Efficiency
resulting in sales per employee of £107.4k, this is less efficient (£602.8k)
- Spin Oriental Foods Ltd
£602.8k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is near the average (50 days)
- Spin Oriental Foods Ltd
50 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Spin Oriental Foods Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Spin Oriental Foods Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Spin Oriental Foods Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 177.2%, this is a higher level of debt than the average (65%)
177.2% - Spin Oriental Foods Ltd
65% - Industry AVG
SPIN ORIENTAL FOODS LTD financials
Spin Oriental Foods Ltd's latest turnover from December 2022 is estimated at £214.8 thousand and the company has net assets of -£21.8 thousand. According to their latest financial statements, Spin Oriental Foods Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 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 | 2 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 45,500 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 45,500 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 28,220 | 43,038 | 43,038 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 28,220 | 43,038 | 43,038 |
| total assets | 28,220 | 43,038 | 88,538 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 0 | 11,208 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 0 | 11,208 | 0 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 50,000 | 51,355 | 93,124 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 50,000 | 51,355 | 93,124 |
| total liabilities | 50,000 | 62,563 | 93,124 |
| net assets | -21,780 | -19,525 | -4,586 |
| total shareholders funds | -21,780 | -19,525 | -4,586 |
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | ||
| Amortisation | 0 | ||
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | -14,818 | 0 | 43,038 |
| Creditors | -11,208 | 11,208 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | -1,355 | -41,769 | 93,124 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 |
spin oriental foods ltd Credit Report and Business Information
Spin Oriental Foods Ltd Competitor Analysis
Perform a competitor analysis for spin oriental foods ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in E 1 area or any other competitors across 12 key performance metrics.
spin oriental foods ltd Ownership
SPIN ORIENTAL FOODS LTD group structure
Spin Oriental Foods Ltd has no subsidiary companies.
Ultimate parent company
SPIN ORIENTAL FOODS LTD
12368165
spin oriental foods ltd directors
Spin Oriental Foods Ltd currently has 1 director, Mr Mushawar Ahmed serving since Dec 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mushawar Ahmed | England | 35 years | Dec 2019 | - | Director |
P&L
December 2022turnover
214.8k
+49%
operating profit
-2.3k
0%
gross margin
9.3%
+6.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-21.8k
+0.12%
total assets
28.2k
-0.34%
cash
0
0%
net assets
Total assets minus all liabilities
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spin oriental foods ltd company details
company number
12368165
Type
Private limited with Share Capital
industry
46170 - Agents involved in the sale of food, beverages and tobacco
incorporation date
December 2019
age
5
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
-
address
74 ben jonson road, london, E1 3NN
Bank
-
Legal Advisor
-
spin oriental foods 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 spin oriental foods ltd.
spin oriental foods ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
