the lounge room ltd
the lounge room ltd Company Information
Company Number
14552267
Website
-Registered Address
2-4 gateforth street, london, NW8 8EH
Industry
Licensed restaurants
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
hashim asad 98%
yasin yousaf 2%
the lounge room ltd Estimated Valuation
Pomanda estimates the enterprise value of THE LOUNGE ROOM LTD at £71.6k based on a Turnover of £139.9k and 0.51x industry multiple (adjusted for size and gross margin).
the lounge room ltd Estimated Valuation
Pomanda estimates the enterprise value of THE LOUNGE ROOM LTD at £11.6k based on an EBITDA of £3k and a 3.89x industry multiple (adjusted for size and gross margin).
the lounge room ltd Estimated Valuation
Pomanda estimates the enterprise value of THE LOUNGE ROOM LTD at £6.5k based on Net Assets of £2.2k and 3.04x industry multiple (adjusted for liquidity).
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The Lounge Room Ltd Overview
The Lounge Room Ltd is a live company located in london, NW8 8EH with a Companies House number of 14552267. It operates in the licenced restaurants sector, SIC Code 56101. Founded in December 2022, it's largest shareholder is hashim asad with a 98% stake. The Lounge Room Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £139.9k with unknown growth in recent years.
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The Lounge Room Ltd Health Check
Pomanda's financial health check has awarded The Lounge Room Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
5 Weak
Size
annual sales of £139.9k, make it smaller than the average company (£3.4m)
- The Lounge Room Ltd
£3.4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- The Lounge Room Ltd
- - Industry AVG
Production
with a gross margin of 35.9%, this company has a higher cost of product (56.3%)
- The Lounge Room Ltd
56.3% - Industry AVG
Profitability
an operating margin of 1.9% make it as profitable than the average company (2.2%)
- The Lounge Room Ltd
2.2% - Industry AVG
Employees
with 5 employees, this is below the industry average (58)
5 - The Lounge Room Ltd
58 - Industry AVG
Pay Structure
on an average salary of £19.6k, the company has an equivalent pay structure (£19.6k)
- The Lounge Room Ltd
£19.6k - Industry AVG
Efficiency
resulting in sales per employee of £28k, this is less efficient (£53.6k)
- The Lounge Room Ltd
£53.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- The Lounge Room Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is quicker than average (47 days)
- The Lounge Room Ltd
47 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (11 days)
- The Lounge Room Ltd
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is more cash available to meet short term requirements (9 weeks)
25 weeks - The Lounge Room Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.5%, this is a similar level of debt than the average (87.7%)
82.5% - The Lounge Room Ltd
87.7% - Industry AVG
THE LOUNGE ROOM LTD financials
The Lounge Room Ltd's latest turnover from December 2023 is estimated at £139.9 thousand and the company has net assets of £2.2 thousand. According to their latest financial statements, The Lounge Room Ltd has 5 employees and maintains cash reserves of £4.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | |
|---|---|
| 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 | 5 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | |
|---|---|
| Tangible Assets | 5,594 |
| Intangible Assets | 0 |
| Investments & Other | 0 |
| Debtors (Due After 1 year) | 0 |
| Total Fixed Assets | 5,594 |
| Stock & work in progress | 1,782 |
| Trade Debtors | 0 |
| Group Debtors | 0 |
| Misc Debtors | 0 |
| Cash | 4,913 |
| misc current assets | 0 |
| total current assets | 6,695 |
| total assets | 12,289 |
| Bank overdraft | 0 |
| Bank loan | 0 |
| Trade Creditors | 10,137 |
| Group/Directors Accounts | 0 |
| other short term finances | 0 |
| hp & lease commitments | 0 |
| other current liabilities | 0 |
| total current liabilities | 10,137 |
| loans | 0 |
| hp & lease commitments | 0 |
| Accruals and Deferred Income | 0 |
| other liabilities | 0 |
| provisions | 0 |
| total long term liabilities | 0 |
| total liabilities | 10,137 |
| net assets | 2,152 |
| total shareholders funds | 2,152 |
| Dec 2023 | |
|---|---|
| Operating Activities | |
| Operating Profit | |
| Depreciation | 364 |
| Amortisation | 0 |
| Tax | |
| Stock | 1,782 |
| Debtors | 0 |
| Creditors | 10,137 |
| Accruals and Deferred Income | 0 |
| 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 | 0 |
| Hire Purchase and Lease Commitments | 0 |
| other long term liabilities | 0 |
| share issue | |
| interest | |
| cash flow from financing | |
| cash and cash equivalents | |
| cash | 4,913 |
| overdraft | 0 |
| change in cash | 4,913 |
the lounge room ltd Credit Report and Business Information
The Lounge Room Ltd Competitor Analysis
Perform a competitor analysis for the lounge room ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in NW8 area or any other competitors across 12 key performance metrics.
the lounge room ltd Ownership
THE LOUNGE ROOM LTD group structure
The Lounge Room Ltd has no subsidiary companies.
Ultimate parent company
THE LOUNGE ROOM LTD
14552267
the lounge room ltd directors
The Lounge Room Ltd currently has 2 directors. The longest serving directors include Mr Yasin Yousaf (Dec 2022) and Mr Hashim Asad (Dec 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Yasin Yousaf | England | 58 years | Dec 2022 | - | Director |
| Mr Hashim Asad | England | 34 years | Dec 2022 | - | Director |
P&L
December 2023turnover
139.9k
0%
operating profit
2.6k
0%
gross margin
35.9%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.2k
0%
total assets
12.3k
0%
cash
4.9k
0%
net assets
Total assets minus all liabilities
Similar Companies
the lounge room ltd company details
company number
14552267
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
December 2022
age
2
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
N/A
accountant
BRAHAM NOBLE DENHOLM & CO
auditor
-
address
2-4 gateforth street, london, NW8 8EH
Bank
-
Legal Advisor
-
the lounge room 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 the lounge room ltd.
the lounge room ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
