piccolino restaurants limited
piccolino restaurants limited Company Information
Company Number
13030554
Website
piccolinorestaurants.comRegistered Address
second avenue, deeside industrial park, deeside, flintshire, CH5 2NW
Industry
Licensed restaurants
Telephone
-
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
individual restaurants (irc) limited 100%
piccolino restaurants limited Estimated Valuation
Pomanda estimates the enterprise value of PICCOLINO RESTAURANTS LIMITED at £41.1m based on a Turnover of £56.9m and 0.72x industry multiple (adjusted for size and gross margin).
piccolino restaurants limited Estimated Valuation
Pomanda estimates the enterprise value of PICCOLINO RESTAURANTS LIMITED at £33.5m based on an EBITDA of £6.1m and a 5.49x industry multiple (adjusted for size and gross margin).
piccolino restaurants limited Estimated Valuation
Pomanda estimates the enterprise value of PICCOLINO RESTAURANTS LIMITED at £10.3m based on Net Assets of £3.4m and 3.04x industry multiple (adjusted for liquidity).
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Piccolino Restaurants Limited Overview
Piccolino Restaurants Limited is a live company located in deeside, CH5 2NW with a Companies House number of 13030554. It operates in the licenced restaurants sector, SIC Code 56101. Founded in November 2020, it's largest shareholder is individual restaurants (irc) limited with a 100% stake. Piccolino Restaurants Limited is a startup, large sized company, Pomanda has estimated its turnover at £56.9m with rapid growth in recent years.
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Piccolino Restaurants Limited Health Check
Pomanda's financial health check has awarded Piccolino Restaurants Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £56.9m, make it larger than the average company (£2.5m)
£56.9m - Piccolino Restaurants Limited
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 169%, show it is growing at a faster rate (16.2%)
169% - Piccolino Restaurants Limited
16.2% - Industry AVG
Production
with a gross margin of 4.2%, this company has a higher cost of product (55%)
4.2% - Piccolino Restaurants Limited
55% - Industry AVG
Profitability
an operating margin of 2.5% make it as profitable than the average company (2.7%)
2.5% - Piccolino Restaurants Limited
2.7% - Industry AVG
Employees
with 965 employees, this is above the industry average (43)
965 - Piccolino Restaurants Limited
43 - Industry AVG
Pay Structure
on an average salary of £20.3k, the company has an equivalent pay structure (£18.9k)
£20.3k - Piccolino Restaurants Limited
£18.9k - Industry AVG
Efficiency
resulting in sales per employee of £58.9k, this is equally as efficient (£52.7k)
£58.9k - Piccolino Restaurants Limited
£52.7k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (5 days)
0 days - Piccolino Restaurants Limited
5 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (44 days)
10 days - Piccolino Restaurants Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (11 days)
4 days - Piccolino Restaurants 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 (11 weeks)
0 weeks - Piccolino Restaurants Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.5%, this is a similar level of debt than the average (86.9%)
91.5% - Piccolino Restaurants Limited
86.9% - Industry AVG
PICCOLINO RESTAURANTS LIMITED financials
Piccolino Restaurants Limited's latest turnover from March 2024 is £56.9 million and the company has net assets of £3.4 million. According to their latest financial statements, Piccolino Restaurants Limited has 965 employees and maintains cash reserves of £230 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|
| Turnover | 56,879,000 | 49,031,000 | 48,181,000 | 2,932,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 54,476,000 | 50,644,000 | 40,085,000 | 2,263,000 |
| Gross Profit | 2,403,000 | -1,613,000 | 8,096,000 | 669,000 |
| Admin Expenses | ||||
| Operating Profit | ||||
| Interest Payable | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 806,000 | -3,086,000 | 6,557,000 | -696,000 |
| Tax | 295,000 | -757,000 | 145,000 | 121,000 |
| Profit After Tax | 1,101,000 | -3,843,000 | 6,702,000 | -575,000 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | 1,101,000 | -3,843,000 | 6,702,000 | -575,000 |
| Employee Costs | 19,582,000 | 17,896,000 | 15,960,000 | 1,502,000 |
| Number Of Employees | 965 | 920 | 837 | 686 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|
| Tangible Assets | 18,559,000 | 19,372,000 | 19,650,000 | 12,916,000 |
| Intangible Assets | 1,794,000 | 2,066,000 | 2,332,000 | 2,372,000 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 20,353,000 | 21,438,000 | 21,982,000 | 15,288,000 |
| Stock & work in progress | 704,000 | 638,000 | 514,000 | 422,000 |
| Trade Debtors | 13,000 | 3,000 | 0 | 0 |
| Group Debtors | 18,112,000 | 10,996,000 | 11,173,000 | 87,000 |
| Misc Debtors | 562,000 | 460,000 | 359,000 | 354,000 |
| Cash | 230,000 | 710,000 | 934,000 | 85,000 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 19,621,000 | 12,807,000 | 12,980,000 | 948,000 |
| total assets | 39,974,000 | 34,245,000 | 34,962,000 | 16,236,000 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,631,000 | 2,101,000 | 1,582,000 | 236,000 |
| Group/Directors Accounts | 27,097,000 | 20,592,000 | 20,469,000 | 12,283,000 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 5,129,000 | 6,241,000 | 4,873,000 | 1,924,000 |
| total current liabilities | 33,857,000 | 28,934,000 | 26,924,000 | 14,443,000 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 2,732,000 | 3,027,000 | 1,911,000 | 2,368,000 |
| total long term liabilities | 2,732,000 | 3,027,000 | 1,911,000 | 2,368,000 |
| total liabilities | 36,589,000 | 31,961,000 | 28,835,000 | 16,811,000 |
| net assets | 3,385,000 | 2,284,000 | 6,127,000 | -575,000 |
| total shareholders funds | 3,385,000 | 2,284,000 | 6,127,000 | -575,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 4,658,000 | 4,416,000 | 3,110,000 | 0 |
| Amortisation | 0 | 0 | 275,000 | 61,000 |
| Tax | 295,000 | -757,000 | 145,000 | 121,000 |
| Stock | 66,000 | 124,000 | 92,000 | 422,000 |
| Debtors | 7,228,000 | -73,000 | 11,091,000 | 441,000 |
| Creditors | -470,000 | 519,000 | 1,346,000 | 236,000 |
| Accruals and Deferred Income | -1,112,000 | 1,368,000 | 2,949,000 | 1,924,000 |
| Deferred Taxes & Provisions | -295,000 | 1,116,000 | -457,000 | 2,368,000 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 6,505,000 | 123,000 | 8,186,000 | 12,283,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | 0 | 0 | 0 | 0 |
| cash flow from financing | 6,505,000 | 123,000 | 8,186,000 | 12,283,000 |
| cash and cash equivalents | ||||
| cash | -480,000 | -224,000 | 849,000 | 85,000 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -480,000 | -224,000 | 849,000 | 85,000 |
piccolino restaurants limited Credit Report and Business Information
Piccolino Restaurants Limited Competitor Analysis
Perform a competitor analysis for piccolino restaurants limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other large companies, companies in CH5 area or any other competitors across 12 key performance metrics.
piccolino restaurants limited Ownership
PICCOLINO RESTAURANTS LIMITED group structure
Piccolino Restaurants Limited has no subsidiary companies.
Ultimate parent company
2 parents
PICCOLINO RESTAURANTS LIMITED
13030554
piccolino restaurants limited directors
Piccolino Restaurants Limited currently has 5 directors. The longest serving directors include Mr Tarsem Dhaliwal (Nov 2020) and Mr Tarsem Dhaliwal (Nov 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tarsem Dhaliwal | United Kingdom | 61 years | Nov 2020 | - | Director |
| Mr Tarsem Dhaliwal | United Kingdom | 61 years | Nov 2020 | - | Director |
| Mr Richard Ewen | Northern Ireland | 42 years | Nov 2020 | - | Director |
| Mr Richard Walker | 44 years | Nov 2020 | - | Director | |
| Mr Andrew Garton | United Kingdom | 42 years | Jan 2023 | - | Director |
P&L
March 2024turnover
56.9m
+16%
operating profit
1.4m
0%
gross margin
4.3%
-228.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
3.4m
+0.48%
total assets
40m
+0.17%
cash
230k
-0.68%
net assets
Total assets minus all liabilities
Similar Companies
piccolino restaurants limited company details
company number
13030554
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
November 2020
age
4
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
stormford limited (November 2020)
accountant
-
auditor
GRANT THORNTON UK LLP
address
second avenue, deeside industrial park, deeside, flintshire, CH5 2NW
Bank
HSBC BANK PLC
Legal Advisor
-
piccolino restaurants 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 piccolino restaurants limited. Currently there are 0 open charges and 1 have been satisfied in the past.
piccolino restaurants limited Companies House Filings - See Documents
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