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Chopstix Restaurant Limited

07101365

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

29A KENTISH TOWN ROAD, LONDON, NW1 8NL
Incorporated 10/12/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants

Officers

Mr Menashe Sadik

director · Since 16/12/2009

DIRECTOR

BRITISH · UNITED KINGDOM · Age 54

Also on 21 other boards

Bassam Elia

secretary · Since 28/07/2011

BRITISH

Mr Bassam Elia

director · Since 01/12/2016

NONE

BRITISH · ENGLAND · Age 60

Persons with Significant Control

Chopstix Group Ltd

75–100% shares
75–100% votes

144a, Golders Green Road, London, NW11 8HB

Reg: 10702275 · United Kingdom · Limited Company

Notified 30/04/2017

Former PSCs

Mr Menash Sadik

Ceased 30/04/2017

Charges2 outstanding

Charge
outstanding

METRO BANK PLC

Created 29/07/2019Registered 07/08/2019
Charge
outstanding

METRO BANK PLC

Created 23/10/2017Registered 10/11/2017
Charge
satisfied

BARCLAYS BANK PLC

Created 31/03/2017Registered 12/04/2017Satisfied 27/06/2017
charge
satisfied

BLUECO LIMITED

Created 10/08/2010Registered 19/08/2010Satisfied 16/09/2024

CompanyRankvs 880+ SIC 56101 peers
61

Financial strength96th percentile among SIC peers · 24/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.28× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 23/04/2023

Turnover

£18.7M

Annual revenue

Net Worth

£454k

Balance sheet strength

Cash

£611k

Cash in the bank

Profit Before Tax

-£132k

Bottom line earnings

Net Current Assets

£2.8M

Working capital

Current Assets

£12.8M

Current Liabilities

£10.0M

Fixed Assets

£6.6M

Debtors

£2.6M

Cost of Sales

£3.9M

Gross Profit

£14.8M

Admin Expenses

£14.5M

Operating Profit

£311k

Profit After Tax

-£218k

389avg. employees

Tax at Year End

Corp tax£159k

People Costs

Wages & salaries£5.5M
NI contributions£499k

Balance Sheet

Intangible assets£99k
Bank loans & overdrafts£2.1M
Assets less current liabilities£9.4M
Prepared with Caseware UK (AP4) 2022.0.179

EstimatesDerived

YearCurrent Ratio
20231.28

Derived from filed accounts. Not audited figures.