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Trulee Restaurants Ltd

10591372

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

C/O COOPER PARRY SKY VIEW, ARGOSY ROAD, DERBY, DE74 2SA
Incorporated 30/01/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56102
Unlicensed restaurants and cafes

Officers

Lee Sparkes

director · Since 30/01/2017

FRANCHISEE

BRITISH · ENGLAND · Age 55

Mrs Trudie Sparkes

director · Since 10/07/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Persons with Significant Control

Lee Sparkes

75–100% shares
75–100% votes

British · England · Age 55

C/O Cooper Parry, Sky View, Argosy Road, Derby, DE74 2SA

Notified 30/01/2017

CompanyRankvs 3059+ SIC 56102 peers
57

Financial strength98th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.29× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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3059Trulee Restaurants Ltd
66
How is this score calculated?
Financial strength25/25 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.

Liquidity2/20 pts

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

Longevity10/15 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

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

Going Concern Doubt

L Sparkes has held office during the whole of the period from 1 January 2024 to the date of this report. Other changes in directors holding office are as follows: T Sparkes - appointed 10 July 2024 Going concern The directors have evaluated the company's ability to continue as a going concern, taking into account current economic conditions, industry-wide challenges, and internal financial forec

Key FinancialsYear ending 31/12/2024

Turnover

£12.2M

Annual revenue

Net Worth

£450k

Balance sheet strength

Cash

£717k

Cash in the bank

Profit Before Tax

-£213k

Bottom line earnings

Net Current Assets

-£2.0M

Working capital

Current Assets

£832k

Current Liabilities

£2.9M

Fixed Assets

£2.6M

Debtors

£70k

Cost of Sales

£4.0M

Gross Profit

£8.1M

Admin Expenses

£8.2M

Operating Profit

-£92k

Profit After Tax

-£146k

286avg. employees+19

Tax at Year End

Dividends paid£29k

People Costs

Wages & salaries£3.1M
NI contributions£117k

Balance Sheet

Intangible assets£764k
Bank loans & overdrafts£1.8M
Assets less current liabilities£605k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.29-£176k
20230.58—

Derived from filed accounts. Not audited figures.