eat real ltd

eat real ltd Company Information

Share EAT REAL LTD
Live 
StartupLarge

Company Number

12814314

Industry

Manufacture of other food products n.e.c.

 

Shareholders

warp snacks limited

Group Structure

View All

Contact

Registered Address

132 townsend drive, attleborough fields industrial e, nuneaton, CV11 6TJ

eat real ltd Estimated Valuation

£37.9m

Pomanda estimates the enterprise value of EAT REAL LTD at £37.9m based on a Turnover of £27.6m and 1.38x industry multiple (adjusted for size and gross margin).

eat real ltd Estimated Valuation

£34m

Pomanda estimates the enterprise value of EAT REAL LTD at £34m based on an EBITDA of £3.4m and a 9.89x industry multiple (adjusted for size and gross margin).

eat real ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of EAT REAL LTD at £0 based on Net Assets of £-22.2m and 1.96x industry multiple (adjusted for liquidity).

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Eat Real Ltd Overview

Eat Real Ltd is a live company located in nuneaton, CV11 6TJ with a Companies House number of 12814314. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in August 2020, it's largest shareholder is warp snacks limited with a 100% stake. Eat Real Ltd is a startup, large sized company, Pomanda has estimated its turnover at £27.6m with unknown growth in recent years.

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Eat Real Ltd Health Check

Pomanda's financial health check has awarded Eat Real Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £30m, make it larger than the average company (£22.2m)

£30m - Eat Real Ltd

£22.2m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Eat Real Ltd

- - Industry AVG

production

Production

with a gross margin of 45.9%, this company has a lower cost of product (24.7%)

45.9% - Eat Real Ltd

24.7% - Industry AVG

profitability

Profitability

an operating margin of -26.3% make it less profitable than the average company (3.6%)

-26.3% - Eat Real Ltd

3.6% - Industry AVG

employees

Employees

with 208 employees, this is above the industry average (109)

208 - Eat Real Ltd

109 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.3k, the company has an equivalent pay structure (£36.8k)

£31.3k - Eat Real Ltd

£36.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £144.4k, this is less efficient (£205.2k)

£144.4k - Eat Real Ltd

£205.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 230 days, this is later than average (47 days)

230 days - Eat Real Ltd

47 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 27 days, this is quicker than average (48 days)

27 days - Eat Real Ltd

48 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Eat Real Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)

0 weeks - Eat Real Ltd

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 124.1%, this is a higher level of debt than the average (59.7%)

124.1% - Eat Real Ltd

59.7% - Industry AVG

EAT REAL LTD financials

EXPORTms excel logo

Eat Real Ltd's latest turnover from December 2023 is £27.6 million and the company has net assets of -£22.2 million. According to their latest financial statements, Eat Real Ltd has 290 employees and maintains cash reserves of £63 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Jan 2023Jan 2022
Turnover27,570,00030,035,00029,241,000
Other Income Or Grants000
Cost Of Sales15,016,00016,261,00019,302,000
Gross Profit12,554,00013,774,0009,939,000
Admin Expenses15,502,00021,685,00021,307,000
Operating Profit-2,948,000-7,911,000-11,368,000
Interest Payable000
Interest Receivable000
Pre-Tax Profit-2,948,000-7,911,000-11,368,000
Tax000
Profit After Tax-2,948,000-7,911,000-11,368,000
Dividends Paid000
Retained Profit-2,948,000-7,911,000-11,368,000
Employee Costs9,823,0006,519,0002,553,000
Number Of Employees29020896
EBITDA*3,437,000-2,554,000-7,243,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Jan 2023Jan 2022
Tangible Assets32,225,00035,084,00024,414,000
Intangible Assets23,048,00025,996,00029,006,000
Investments & Other1,0001,0001,000
Debtors (Due After 1 year)000
Total Fixed Assets55,274,00061,081,00053,421,000
Stock & work in progress000
Trade Debtors224,00018,990,00012,964,000
Group Debtors40,538,0000947,000
Misc Debtors374,00004,980,000
Cash63,00015,000590,000
misc current assets000
total current assets41,199,00019,005,00019,481,000
total assets96,473,00080,086,00072,902,000
Bank overdraft000
Bank loan000
Trade Creditors 971,0001,218,0009,506,000
Group/Directors Accounts116,477,00096,212,00068,374,000
other short term finances000
hp & lease commitments000
other current liabilities1,251,0001,934,0006,389,000
total current liabilities118,699,00099,364,00084,269,000
loans000
hp & lease commitments000
Accruals and Deferred Income000
other liabilities000
provisions000
total long term liabilities000
total liabilities118,699,00099,364,00084,269,000
net assets-22,226,000-19,278,000-11,367,000
total shareholders funds-22,226,000-19,278,000-11,367,000
Dec 2023Jan 2023Jan 2022
Operating Activities
Operating Profit-2,948,000-7,911,000-11,368,000
Depreciation3,437,0002,347,0001,177,000
Amortisation2,948,0003,010,0002,948,000
Tax000
Stock000
Debtors22,245,00099,00018,891,000
Creditors-8,535,000-8,288,0009,506,000
Accruals and Deferred Income-5,138,000-4,455,0006,389,000
Deferred Taxes & Provisions000
Cash flow from operations-32,481,000-15,396,000-10,239,000
Investing Activities
capital expenditure-8,238,000-13,017,000-57,545,000
Change in Investments001,000
cash flow from investments-8,238,000-13,017,000-57,546,000
Financing Activities
Bank loans000
Group/Directors Accounts48,103,00027,838,00068,374,000
Other Short Term Loans 000
Long term loans000
Hire Purchase and Lease Commitments000
other long term liabilities000
share issue-7,911,00001,000
interest000
cash flow from financing40,192,00027,838,00068,375,000
cash and cash equivalents
cash-527,000-575,000590,000
overdraft000
change in cash-527,000-575,000590,000

eat real ltd 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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Eat Real Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for eat real ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in CV11 area or any other competitors across 12 key performance metrics.

eat real ltd Ownership

EAT REAL LTD group structure

Eat Real Ltd has 2 subsidiary companies.

EAT REAL LTD Shareholders

warp snacks limited 100%

eat real ltd directors

Eat Real Ltd currently has 3 directors. The longest serving directors include Ms Cassandra Stavrou (Jun 2023) and Mr Ketan Halai (Oct 2023).

officercountryagestartendrole
Ms Cassandra StavrouUnited Kingdom41 years Jun 2023- Director
Mr Ketan HalaiEngland45 years Oct 2023- Director
Mr Alexander BrittainUnited Kingdom44 years May 2024- Director

P&L

December 2023

turnover

27.6m

-6%

operating profit

-2.9m

-74%

gross margin

45.6%

+33.97%

turnover

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

Balance Sheet

December 2023

net assets

-22.2m

+0.96%

total assets

96.5m

+0.32%

cash

63k

-0.89%

net assets

Total assets minus all liabilities

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eat real ltd company details

company number

12814314

Type

Private limited with Share Capital

industry

10890 - Manufacture of other food products n.e.c.

incorporation date

August 2020

age

4

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

COOPER PARRY GROUP LIMITED

address

132 townsend drive, attleborough fields industrial e, nuneaton, CV11 6TJ

Bank

-

Legal Advisor

-

eat real 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 2 charges/mortgages relating to eat real ltd. Currently there are 1 open charges and 1 have been satisfied in the past.

eat real 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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eat real ltd Companies House Filings - See Documents

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