tru street food ltd
tru street food ltd Company Information
Company Number
09720183
Website
www.trustreetfood.co.ukRegistered Address
ground floor, office 4, 2 holland road west, birmingham, B6 4DW
Industry
Licensed restaurants
Telephone
01617550577
Next Accounts Due
6 days late
Group Structure
View All
Directors
Lena Patel5 Years
Shareholders
lena patel 100%
tru street food ltd Estimated Valuation
Pomanda estimates the enterprise value of TRU STREET FOOD LTD at £1.5m based on a Turnover of £2.5m and 0.59x industry multiple (adjusted for size and gross margin).
tru street food ltd Estimated Valuation
Pomanda estimates the enterprise value of TRU STREET FOOD LTD at £843.7k based on an EBITDA of £241.6k and a 3.49x industry multiple (adjusted for size and gross margin).
tru street food ltd Estimated Valuation
Pomanda estimates the enterprise value of TRU STREET FOOD LTD at £633.4k based on Net Assets of £195.5k and 3.24x industry multiple (adjusted for liquidity).
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Tru Street Food Ltd Overview
Tru Street Food Ltd is a live company located in birmingham, B6 4DW with a Companies House number of 09720183. It operates in the licenced restaurants sector, SIC Code 56101. Founded in August 2015, it's largest shareholder is lena patel with a 100% stake. Tru Street Food Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.5m with declining growth in recent years.
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Tru Street Food Ltd Health Check
Pomanda's financial health check has awarded Tru Street Food Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £2.5m, make it larger than the average company (£1m)
- Tru Street Food Ltd
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (-3.1%)
- Tru Street Food Ltd
-3.1% - Industry AVG
Production
with a gross margin of 34.2%, this company has a higher cost of product (56.1%)
- Tru Street Food Ltd
56.1% - Industry AVG
Profitability
an operating margin of 8.7% make it more profitable than the average company (5.7%)
- Tru Street Food Ltd
5.7% - Industry AVG
Employees
with 31 employees, this is similar to the industry average (28)
31 - Tru Street Food Ltd
28 - Industry AVG
Pay Structure
on an average salary of £17.9k, the company has an equivalent pay structure (£17.9k)
- Tru Street Food Ltd
£17.9k - Industry AVG
Efficiency
resulting in sales per employee of £81.7k, this is more efficient (£44.2k)
- Tru Street Food Ltd
£44.2k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (6 days)
- Tru Street Food Ltd
6 days - Industry AVG
Creditor Days
its suppliers are paid after 107 days, this is slower than average (64 days)
- Tru Street Food Ltd
64 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (15 days)
- Tru Street Food Ltd
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (16 weeks)
2 weeks - Tru Street Food Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.2%, this is a lower level of debt than the average (86.5%)
73.2% - Tru Street Food Ltd
86.5% - Industry AVG
tru street food ltd Credit Report and Business Information
Tru Street Food Ltd Competitor Analysis
Perform a competitor analysis for tru street food ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
tru street food ltd Ownership
TRU STREET FOOD LTD group structure
Tru Street Food Ltd has no subsidiary companies.
Ultimate parent company
TRU STREET FOOD LTD
09720183
tru street food ltd directors
Tru Street Food Ltd currently has 1 director, Miss Lena Patel serving since Mar 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Lena Patel | England | 43 years | Mar 2019 | - | Director |
TRU STREET FOOD LTD financials
Tru Street Food Ltd's latest turnover from August 2022 is estimated at £2.5 million and the company has net assets of £195.5 thousand. According to their latest financial statements, Tru Street Food Ltd has 31 employees and maintains cash reserves of £24.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|---|---|---|---|
| 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 | 31 | 31 | 31 | 31 | 18 | 13 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 50,122 | 30,099 | 28,386 | 62,722 | 84,330 | 105,915 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 50,122 | 30,099 | 28,386 | 62,722 | 84,330 | 105,915 | 0 |
| Stock & work in progress | 7,500 | 7,500 | 7,500 | 13,000 | 12,426 | 25,639 | 0 |
| Trade Debtors | 648,449 | 512,161 | 535,568 | 579,960 | 459,320 | 71,730 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 137,851 | 0 |
| Cash | 24,503 | 61,411 | 35,270 | 2,339 | 5,024 | 3,133 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| total current assets | 680,452 | 581,072 | 578,338 | 595,299 | 476,770 | 238,353 | 1 |
| total assets | 730,574 | 611,171 | 606,724 | 658,021 | 561,100 | 344,268 | 1 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 233 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 489,502 | 544,252 | 565,859 | 594,870 | 500,893 | 100,827 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 207,049 | 0 |
| total current liabilities | 489,502 | 544,252 | 565,859 | 594,870 | 500,893 | 308,109 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 45,571 | 50,000 | 50,000 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 45,571 | 50,000 | 50,000 | 0 | 0 | 0 | 0 |
| total liabilities | 535,073 | 594,252 | 615,859 | 594,870 | 500,893 | 308,109 | 0 |
| net assets | 195,501 | 16,919 | -9,135 | 63,151 | 60,207 | 36,159 | 1 |
| total shareholders funds | 195,501 | 16,919 | -9,135 | 63,151 | 60,207 | 36,159 | 1 |
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 22,039 | 16,442 | 42,976 | 42,780 | 37,469 | 34,022 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | 0 | -5,500 | 574 | -13,213 | 25,639 | 0 |
| Debtors | 136,288 | -23,407 | -44,392 | 120,640 | 249,739 | 209,581 | 0 |
| Creditors | -54,750 | -21,607 | -29,011 | 93,977 | 400,066 | 100,827 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | -207,049 | 207,049 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -4,429 | 0 | 50,000 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -36,908 | 26,141 | 32,931 | -2,685 | 1,891 | 3,133 | 0 |
| overdraft | 0 | 0 | 0 | 0 | -233 | 233 | 0 |
| change in cash | -36,908 | 26,141 | 32,931 | -2,685 | 2,124 | 2,900 | 0 |
P&L
August 2022turnover
2.5m
+14%
operating profit
219.6k
0%
gross margin
34.2%
+48.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2022net assets
195.5k
+10.56%
total assets
730.6k
+0.2%
cash
24.5k
-0.6%
net assets
Total assets minus all liabilities
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tru street food ltd company details
company number
09720183
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
August 2015
age
9
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
ground floor, office 4, 2 holland road west, birmingham, B6 4DW
last accounts submitted
August 2022
tru street food 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 tru street food ltd.
tru street food ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
