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Cucina restaurants ltd

Surrey. Registration No: 05655703

  • Registration Number

    05655703

  • Incorporation Date

    15/12/2005

  • Last Annual Return

    Not available

  • Address

    St Andrews House West Street, Woking, Surrey. GU21 6EB

  • Website

    www.cucina.co.uk

  • Audit Fees

    £131,000

  • Secretary

    Not available

Directors

Active

Mr Frank Bandura (59 yrs)

Active

Mr Richard James Wallington Taylor (56 yrs)

Company

Industry Av.

Proposed

Proposed
Year
Period Ending 31-Jul-21 31-Jul-22 31-Jul-23 31-Jul-24 30-Jul-25
Weeks 52 52 52 52 52
Total Sales (£000) 16392 28693 35158 45419 53594
Directors Fees 24 0 0 0 0
Gross Profits 1906 6091 7266 10838 12789
Value Added 9622 13561 16393 20415 22496
Trading Profit 86 97 777 2591 3376
Depreciation 31 49 57 886
Non-Trading Income 0 0 0 1 0
Total Interest Charges 0 0 0 0 0
Pre-tax Profit 55 48 720 1706 2313
Retained Profit (Shareholders Funds) 45 120 734 1731 1024
Fixed Assets 65 75 58 1739 2087
Intangibles 0 0 0 0 0
Intermediate Assets 0 0 0 0 0
Stocks 347 435 594 677 799
Debtors 1694 2236 1291 1847 2179
Cash or Equivalent 3907 4970 7000 4152 4573
Total Current Assets 5948 7641 8885 6676 7551
Creditors 1371 2408 3338 2495 3386
Short Term Borrowing 3076 2773 3303 1077 0
Other Current Liabilities 1219 2066 1103 1920 2304
Total Current Liabilities 5666 7247 7744 5492 5690
Net Current Assets 282 394 1141 1184 1861
Shareholders Funds 331 451 1185 2916 3940
Total Loan Capital 0 0 0 0 0
Other Capital Employed 16 19 14 7 8
Total Capital Employed 347 470 1199 2923 3948
Pretax Profit Margin % 0.34 0.17 2.05 3.76 4.32
Sales Growth % 2 75 23 29 18
Pretax Profit Growth % -55 -13 1400 137 35.58
Debtor Ratio Days 38 28 13 15 14.8023514388252
Creditor Ratio Days 30 31 35 20 22.9949360399833
Stock Turnover 47 66 59 67 67.0886262924668
Sales £000 / Employee 27 36 40 41 45.5847627737226
Value Added £000/Empl. 16 17 18 19 19.1339849065941
Av. Remun. £000 / Empl. 16 17 18 16 16.2627737226277
Total Empl. Remu. £000 9536 13464 15616 17824 19120.2909090909
Employees 613 801 888 1096 1175.70909090909
Pretax Profit/Total Assets % 1 1 8 20 24

Company Summary

  • The Plimsoll Chart is high and rising indicating an improvement in financial strength, in line with the industry average.
  • Total Sales have increased by 29.2% in the latest year, well above the industry average of 8.6%.
  • Gross Profit Margin is 23.9% in the latest year, well above the industry average of 15.1%.
  • Sales per Employee is £41,000 which is well above the industry average of £33,000.
  • The company is ranked among the fastest growing in terms of sales growth in the latest year.
  • Pretax Profit Margin has markedly improved from 2.0% to 3.8% in the latest year.
  • Formal debt of the company has decreased by £2.2m, a fall of 67%.
  • The Profitability chart shows a well above average pretax profit return on total assets in the latest year
  • The company is among the Top 13 companies listed as a Best Trading Partner (see section 1c).
  • The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
  • The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
  • The company is among the Top 19 Leaders in Efficiency.
  • The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
  • The company is among the Top 72 companies listed under the Pretax Profits category (see section 3.2c).

Company

Industry Av.

Proposed

Company Summary

The company currently has £45.4m sales and made £1.7m, by following the proposal plan, sales would rise to £53.6m and profits would rise to £2.3m.

Key Attractiveness Features

  • ADD £45.4m TO SALES
  • ATTRACTIVE PRICE
  • FEW DIRECTORS
  • LOW SALES PER EMPLOYEE

Acquisition Attractiveness Rating

  • Low number of shareholders
  • Company is privately owned
  • Low number of directors
  • Sales growth above the industry average
  • Low financial rating
  • High gross earnings
  • Big difference between current and future value
  • Directors fees represent high proportion of profits
  • Average age of directors is high
Acquisition Attractiveness
  • Highly Attractive
  • Worth Considering
  • Unattractive

Company Valuation

Proposed
Year
Period Ending 31-Jul-21 31-Jul-22 31-Jul-23 31-Jul-24 30-Jul-25
Total Sales (£000) 16392 28693 35158 45419 53594
Pre-tax Profit (£000) 55 48 720 1706 2313
Total Value (£000) 2501 2986 5543 12788 16630
Asset Value (£000) 2106 2746 1943 4263 5065
Goodwill (£000) 395 240 3600 8525 11565
Liabilities (£000) -1775 -2296 -758 -1347 -1125
Equity Value (£000) 726 690 4785 11441 15505

Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)

Shareholders / Ownership

IMPACT FOOD GROUP LTD (100.0%)

Immediate Shareholder: See Shareholders

Subsidiaries

None

Acquisition / Valuation Comments

This company has been established 20 years.

The number of shareholders is low (1)

The value of the company has risen in each of the last 2 years.

The value of the company has fluctuated in the last 2 years.

The total value of the company is currently £12.8m including debts.

The equity value is high, indicating low levels of total liabilities.

The company value is small in comparison to its sales.

The proposed year is based on achieving a 24% return on total assets.

The company's value would increase by 30% if the proposed business plan was followed.

The proposed plan would improve the overall financial strength of the company by 20%.

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