rib n reef limited
rib n reef limited Company Information
Company Number
13095024
Website
-Registered Address
cobalt business exchange, cobalt park way, newcastle upon tyne, NE28 9NZ
Industry
Licensed restaurants
Telephone
01912508465
Next Accounts Due
377 days late
Group Structure
View All
Shareholders
joanne akarsu 50%
cengiz akarsu 50%
rib n reef limited Estimated Valuation
Pomanda estimates the enterprise value of RIB N REEF LIMITED at £455.9k based on a Turnover of £705.3k and 0.65x industry multiple (adjusted for size and gross margin).
rib n reef limited Estimated Valuation
Pomanda estimates the enterprise value of RIB N REEF LIMITED at £119.7k based on an EBITDA of £24.4k and a 4.91x industry multiple (adjusted for size and gross margin).
rib n reef limited Estimated Valuation
Pomanda estimates the enterprise value of RIB N REEF LIMITED at £0 based on Net Assets of £-5.3k and 3.04x industry multiple (adjusted for liquidity).
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Rib N Reef Limited Overview
Rib N Reef Limited is a live company located in newcastle upon tyne, NE28 9NZ with a Companies House number of 13095024. It operates in the licenced restaurants sector, SIC Code 56101. Founded in December 2020, it's largest shareholder is joanne akarsu with a 50% stake. Rib N Reef Limited is a startup, small sized company, Pomanda has estimated its turnover at £705.3k with unknown growth in recent years.
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Rib N Reef Limited Health Check
Pomanda's financial health check has awarded Rib N Reef Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £705.3k, make it smaller than the average company (£1.1m)
- Rib N Reef Limited
£1.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Rib N Reef Limited
- - Industry AVG
Production
with a gross margin of 55.4%, this company has a comparable cost of product (55.4%)
- Rib N Reef Limited
55.4% - Industry AVG
Profitability
an operating margin of 0.1% make it more profitable than the average company (-1.4%)
- Rib N Reef Limited
-1.4% - Industry AVG
Employees
with 28 employees, this is below the industry average (41)
28 - Rib N Reef Limited
41 - Industry AVG
Pay Structure
on an average salary of £17.9k, the company has an equivalent pay structure (£17.9k)
- Rib N Reef Limited
£17.9k - Industry AVG
Efficiency
resulting in sales per employee of £25.2k, this is less efficient (£34k)
- Rib N Reef Limited
£34k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Rib N Reef Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (69 days)
- Rib N Reef Limited
69 days - Industry AVG
Stock Days
it holds stock equivalent to 21 days, this is more than average (17 days)
- Rib N Reef Limited
17 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (15 weeks)
13 weeks - Rib N Reef Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.6%, this is a higher level of debt than the average (90.6%)
101.6% - Rib N Reef Limited
90.6% - Industry AVG
RIB N REEF LIMITED financials
Rib N Reef Limited's latest turnover from December 2021 is estimated at £705.3 thousand and the company has net assets of -£5.3 thousand. According to their latest financial statements, Rib N Reef Limited has 28 employees and maintains cash reserves of £26.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | |
|---|---|
| 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 | 28 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | |
|---|---|
| Tangible Assets | 276,603 |
| Intangible Assets | 0 |
| Investments & Other | 0 |
| Debtors (Due After 1 year) | 0 |
| Total Fixed Assets | 276,603 |
| Stock & work in progress | 18,720 |
| Trade Debtors | 0 |
| Group Debtors | 0 |
| Misc Debtors | 16,480 |
| Cash | 26,806 |
| misc current assets | 0 |
| total current assets | 62,006 |
| total assets | 338,609 |
| Bank overdraft | 0 |
| Bank loan | 0 |
| Trade Creditors | 15,691 |
| Group/Directors Accounts | 0 |
| other short term finances | 0 |
| hp & lease commitments | 0 |
| other current liabilities | 88,535 |
| total current liabilities | 104,226 |
| loans | 196,393 |
| hp & lease commitments | 0 |
| Accruals and Deferred Income | 0 |
| other liabilities | 43,247 |
| provisions | 0 |
| total long term liabilities | 239,640 |
| total liabilities | 343,866 |
| net assets | -5,257 |
| total shareholders funds | -5,257 |
| Dec 2021 | |
|---|---|
| Operating Activities | |
| Operating Profit | |
| Depreciation | 23,513 |
| Amortisation | 0 |
| Tax | |
| Stock | 18,720 |
| Debtors | 16,480 |
| Creditors | 15,691 |
| Accruals and Deferred Income | 88,535 |
| Deferred Taxes & Provisions | 0 |
| Cash flow from operations | |
| Investing Activities | |
| capital expenditure | |
| Change in Investments | 0 |
| cash flow from investments | |
| Financing Activities | |
| Bank loans | 0 |
| Group/Directors Accounts | 0 |
| Other Short Term Loans | 0 |
| Long term loans | 196,393 |
| Hire Purchase and Lease Commitments | 0 |
| other long term liabilities | 43,247 |
| share issue | |
| interest | |
| cash flow from financing | |
| cash and cash equivalents | |
| cash | 26,806 |
| overdraft | 0 |
| change in cash | 26,806 |
rib n reef limited Credit Report and Business Information
Rib N Reef Limited Competitor Analysis
Perform a competitor analysis for rib n reef limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in NE28 area or any other competitors across 12 key performance metrics.
rib n reef limited Ownership
RIB N REEF LIMITED group structure
Rib N Reef Limited has no subsidiary companies.
Ultimate parent company
RIB N REEF LIMITED
13095024
rib n reef limited directors
Rib N Reef Limited currently has 2 directors. The longest serving directors include Mr Cengiz Akarsu (Dec 2020) and Mrs Joanne Akarsu (Dec 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Cengiz Akarsu | England | 40 years | Dec 2020 | - | Director |
| Mrs Joanne Akarsu | 49 years | Dec 2020 | - | Director |
P&L
December 2021turnover
705.3k
0%
operating profit
844.8
0%
gross margin
55.4%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
-5.3k
0%
total assets
338.6k
0%
cash
26.8k
0%
net assets
Total assets minus all liabilities
Similar Companies
rib n reef limited company details
company number
13095024
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
December 2020
age
4
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
December 2021
address
cobalt business exchange, cobalt park way, newcastle upon tyne, NE28 9NZ
accountant
-
auditor
-
rib n reef 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 did not find charges/mortgages relating to rib n reef limited.
rib n reef limited Companies House Filings - See Documents
| date | description | view/download |
|---|
