Elite Pizzas Limited

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elite pizzas limited Company Information

Live

EstablishedMidRapid

Company Number

NI608892

Website

www.elitepizzas.com

Registered Address

office at unit e6, ronan valley business park, magherafelt, derry, BT45 6EW

Industry

Take away food shops and mobile food stands

Telephone

02871318788

Next Accounts Due

53 days late

Group Structure

View All

Directors

Laura Tarran2 Years

Mike Racz2 Years

View All

Shareholders

victa dp ltd. 100%

elite pizzas limited Estimated Valuation

£11.4m

Pomanda estimates the enterprise value of ELITE PIZZAS LIMITED at £11.4m based on an EBITDA of £2.4m and a 4.87x industry multiple (adjusted for size and gross margin).

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Elite Pizzas Limited is a live company located in magherafelt, BT45 6EW with a Companies House number of NI608892. It operates in the take-away food shops and mobile food stands sector, SIC Code 56103. Founded in September 2011, it's largest shareholder is victa dp ltd. with a 100% stake. Elite Pizzas Limited is a established, mid sized company, Pomanda has estimated its turnover at £10.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Elite Pizzas Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

2 Weak

Size

annual sales of £10.5m, make it larger than the average company (£160.9k)

Growth

3 year (CAGR) sales growth of 102%, show it is growing at a faster rate (7.9%)

EXPORT

Elite Pizzas Limited's latest turnover from October 2022 is estimated at £10.5 million and the company has net assets of £4.1 million. According to their latest financial statements, Elite Pizzas Limited has 46 employees and maintains cash reserves of £284.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Apr 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015
Turnover	10,463,391	4,662,205	1,885,010	1,269,187	884,466	303,066	263,498	723,702
Other Income Or Grants	0	0	0	0	0	0	0	0
Cost Of Sales	6,818,567	1,377,886	1,264,811	787,936	581,596	185,568	160,369	457,662
Gross Profit	3,644,825	3,284,319	620,198	481,251	302,870	117,498	103,129	266,040
Admin Expenses	1,412,540	2,732,817	-242,625	247,737	717,798	-225,897	-179,023	-13,244
Operating Profit	2,232,285	551,502	862,823	233,514	-414,928	343,395	282,152	279,284
Interest Payable	2,063	2,428	63,591	160,647	115,340	44,319	22,677	0
Interest Receivable	4,836	0	196	1,706	1,743	671	500	357
Pre-Tax Profit	2,235,059	549,074	799,427	74,573	-528,526	299,747	259,975	279,641
Tax	-424,661	-139,684	-151,891	-14,169	0	-56,952	-51,995	-55,928
Profit After Tax	1,810,398	409,390	647,536	60,404	-528,526	242,795	207,980	223,713
Dividends Paid	0	0	0	0	0	0	0	0
Retained Profit	1,810,398	409,390	647,536	60,404	-528,526	242,795	207,980	223,713
Employee Costs	511,200	1,282,515	1,651,304	1,052,459	209,809	73,812	58,515	140,588
Number Of Employees	46	124	154	102	19	7	6	15
EBITDA*	2,350,574	679,747	1,058,254	356,813	-258,083	408,196	316,889	309,016

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Apr 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015
Tangible Assets	0	947,042	824,341	733,859	773,246	393,904	85,560	57,976
Intangible Assets	0	1,218,925	72,304	54,107	75,109	96,332	94,868	113,841
Investments & Other	0	6,003	2,060,250	2,060,250	2,060,250	1,047,546	1,047,546	1,100,000
Debtors (Due After 1 year)	0	0	0	0	920,000	0	0	0
Total Fixed Assets	0	2,171,970	2,956,895	2,848,216	3,828,605	1,537,782	1,227,974	1,271,817
Stock & work in progress	0	55,302	39,578	32,009	20,627	12,947	12,635	10,652
Trade Debtors	4,356,234	4,836	4,622	6,209	127,311	32,225	20,966	28,502
Group Debtors	0	2,181,589	1,210,000	1,065,000	0	0	0	0
Misc Debtors	0	250,904	359,145	126,144	28,592	11,083	16,131	0
Cash	284,411	145,484	121,212	269,924	185,021	279,718	257,288	142,861
misc current assets	0	0	0	0	0	0	0	0
total current assets	4,640,645	2,638,115	1,734,557	1,499,286	361,551	335,973	307,020	182,015
total assets	4,640,645	4,810,085	4,691,452	4,347,502	4,190,156	1,873,755	1,534,994	1,453,832
Bank overdraft	0	0	0	0	1,874,627	198,677	166,338	0
Bank loan	0	50,000	50,000	346,977	0	0	0	0
Trade Creditors	510,137	197,093	219,901	193,890	385,821	85,241	86,866	428,577
Group/Directors Accounts	0	577,334	2,466,439	907,365	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0
hp & lease commitments	0	26,339	9,110	12,083	0	0	0	0
other current liabilities	0	1,513,975	1,035,078	771,301	431,214	186,773	195,557	0
total current liabilities	510,137	2,364,741	3,780,528	2,231,616	2,691,662	470,691	448,761	428,577
loans	0	0	0	1,687,985	850,325	493,862	559,333	0
hp & lease commitments	0	48,165	9,700	16,041	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0
other liabilities	0	0	0	150,000	459,705	192,213	78,502	790,443
provisions	0	77,069	47,319	55,491	42,499	42,499	16,703	11,097
total long term liabilities	0	125,234	57,019	1,909,517	1,352,529	728,574	654,538	801,540
total liabilities	510,137	2,489,975	3,837,547	4,141,133	4,044,191	1,199,265	1,103,299	1,230,117
net assets	4,130,508	2,320,110	853,905	206,369	145,965	674,490	431,695	223,715
total shareholders funds	4,130,508	2,320,110	853,905	206,369	145,965	674,490	431,695	223,715

	Oct 2022	Apr 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015
Operating Activities
Operating Profit	2,232,285	551,502	862,823	233,514	-414,928	343,395	282,152	279,284
Depreciation	118,289	113,545	171,968	102,296	135,622	45,669	15,763	10,758
Amortisation	0	14,700	23,463	21,003	21,223	19,132	18,974	18,974
Tax	-424,661	-139,684	-151,891	-14,169	0	-56,952	-51,995	-55,928
Stock	-55,302	15,724	7,569	11,382	7,680	312	1,983	10,652
Debtors	1,918,905	863,562	376,414	121,450	1,032,595	6,211	8,595	28,502
Creditors	313,044	-22,808	26,011	-191,931	300,580	-1,625	-341,711	428,577
Accruals and Deferred Income	-1,513,975	478,897	263,777	340,087	244,441	-8,784	195,557	0
Deferred Taxes & Provisions	-77,069	29,750	-8,172	12,992	0	25,796	5,606	11,097
Cash flow from operations	-1,215,690	146,616	803,996	370,960	-753,337	360,108	113,768	653,608
Investing Activities
capital expenditure	2,047,678	-1,397,567	-304,110	-62,910	-514,964	-374,609	-43,348	-201,549
Change in Investments	-6,003	-2,054,247	0	0	1,012,704	0	-52,454	1,100,000
cash flow from investments	2,053,681	656,680	-304,110	-62,910	-1,527,668	-374,609	9,106	-1,301,549
Financing Activities
Bank loans	-50,000	0	-296,977	346,977	0	0	0	0
Group/Directors Accounts	-577,334	-1,889,105	1,559,074	907,365	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0
Long term loans	0	0	-1,687,985	837,660	356,463	-65,471	559,333	0
Hire Purchase and Lease Commitments	-74,504	55,694	-9,314	28,124	0	0	0	0
other long term liabilities	0	0	-150,000	-309,705	267,492	113,711	-711,941	790,443
share issue	0	1,056,815	0	0	1	0	0	2
interest	2,773	-2,428	-63,395	-158,941	-113,597	-43,648	-22,177	357
cash flow from financing	-699,065	-779,024	-648,597	1,651,480	510,359	4,592	-174,785	790,802
cash and cash equivalents
cash	138,927	24,272	-148,712	84,903	-94,697	22,430	114,427	142,861
overdraft	0	0	0	-1,874,627	1,675,950	32,339	166,338	0
change in cash	138,927	24,272	-148,712	1,959,530	-1,770,647	-9,909	-51,911	142,861

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ELITE PIZZAS LIMITED group structure

Elite Pizzas Limited has 4 subsidiary companies.

Ultimate parent company

RACZ GROUP LTD

09797167

VICTA DP LTD

13680914

2 parents

ELITE PIZZAS LIMITED

NI608892

4 subsidiaries

DPNI LIMITED

05246910

CSR FOODS LIMITED

NI065178

ABD PIZZAS LIMITED

NI612450

DP DUNGANNON LIMITED

NI634596

ELITE PIZZAS LIMITED Shareholders

victa dp ltd.

100%

Elite Pizzas Limited currently has 4 directors. The longest serving directors include Ms Laura Tarran (Dec 2021) and Mr Mike Racz (Dec 2021).

officer	country	age	start	end	role
Ms Laura Tarran	United Kingdom	35 years	Dec 2021	-	Director
Mr Mike Racz	England	42 years	Dec 2021	-	Director
Mrs Nicola Frampton		58 years	Dec 2021	-	Director
Mr Mike Racz	United Kingdom	42 years	Dec 2021	-	Director

P&L

October 2022

turnover

10.5m

+124%

operating profit

2.2m

gross margin

34.9%

-50.55%

turnover

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

Balance Sheet

October 2022

net assets

4.1m

+0.78%

total assets

4.6m

-0.04%

cash

284.4k

+0.95%

net assets

Total assets minus all liabilities

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company number

NI608892

Type

Private limited with Share Capital

industry

56103 - Take away food shops and mobile food stands

incorporation date

September 2011

accounts

Unaudited Abridged

ultimate parent company

RACZ GROUP LTD

previous names

elite pizzas (August 2015)

last accounts submitted

October 2022

address

office at unit e6, ronan valley business park, magherafelt, derry, BT45 6EW

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 4 charges/mortgages relating to elite pizzas limited. Currently there are 2 open charges and 2 have been satisfied in the past.

elite pizzas limited Company Information

elite pizzas limited Estimated Valuation

elite pizzas limited Estimated Valuation

elite pizzas limited Estimated Valuation

Elite Pizzas Limited Overview

Elite Pizzas Limited Health Check

ELITE PIZZAS LIMITED financials

elite pizzas limited Credit Report and Business Information

Elite Pizzas Limited Competitor Analysis

elite pizzas limited Ownership

elite pizzas limited directors

elite pizzas limited company details

elite pizzas limited Charges & Mortgages

elite pizzas limited Companies House Filings - See Documents