the ocean view hotel (shanklin) ltd
the ocean view hotel (shanklin) ltd Company Information
Company Number
00255149
Website
www.oandcmanagement.comRegistered Address
9 harrison road, halifax, HX1 2AF
Industry
Tour operator activities
Telephone
01422345525
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
southern investments ltd 100%
the ocean view hotel (shanklin) ltd Estimated Valuation
Pomanda estimates the enterprise value of THE OCEAN VIEW HOTEL (SHANKLIN) LTD at £2.1m based on a Turnover of £6.3m and 0.34x industry multiple (adjusted for size and gross margin).
the ocean view hotel (shanklin) ltd Estimated Valuation
Pomanda estimates the enterprise value of THE OCEAN VIEW HOTEL (SHANKLIN) LTD at £0 based on an EBITDA of £-218.1k and a 2.37x industry multiple (adjusted for size and gross margin).
the ocean view hotel (shanklin) ltd Estimated Valuation
Pomanda estimates the enterprise value of THE OCEAN VIEW HOTEL (SHANKLIN) LTD at £0 based on Net Assets of £-325.2k and 1.12x industry multiple (adjusted for liquidity).
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The Ocean View Hotel (shanklin) Ltd Overview
The Ocean View Hotel (shanklin) Ltd is a live company located in halifax, HX1 2AF with a Companies House number of 00255149. It operates in the tour operator activities sector, SIC Code 79120. Founded in March 1931, it's largest shareholder is southern investments ltd with a 100% stake. The Ocean View Hotel (shanklin) Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £6.3m with declining growth in recent years.
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The Ocean View Hotel (shanklin) Ltd Health Check
Pomanda's financial health check has awarded The Ocean View Hotel (Shanklin) Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
8 Weak
Size
annual sales of £6.3m, make it smaller than the average company (£16.5m)
- The Ocean View Hotel (shanklin) Ltd
£16.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -35%, show it is growing at a slower rate (12.6%)
- The Ocean View Hotel (shanklin) Ltd
12.6% - Industry AVG
Production
with a gross margin of 20.2%, this company has a comparable cost of product (20.2%)
- The Ocean View Hotel (shanklin) Ltd
20.2% - Industry AVG
Profitability
an operating margin of -4.1% make it less profitable than the average company (2.3%)
- The Ocean View Hotel (shanklin) Ltd
2.3% - Industry AVG
Employees
with 29 employees, this is below the industry average (38)
29 - The Ocean View Hotel (shanklin) Ltd
38 - Industry AVG
Pay Structure
on an average salary of £43.8k, the company has an equivalent pay structure (£43.8k)
- The Ocean View Hotel (shanklin) Ltd
£43.8k - Industry AVG
Efficiency
resulting in sales per employee of £217.5k, this is less efficient (£418.4k)
- The Ocean View Hotel (shanklin) Ltd
£418.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- The Ocean View Hotel (shanklin) Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (16 days)
- The Ocean View Hotel (shanklin) Ltd
16 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is in line with average (0 days)
- The Ocean View Hotel (shanklin) Ltd
0 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (21 weeks)
7 weeks - The Ocean View Hotel (shanklin) Ltd
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 182.9%, this is a higher level of debt than the average (83.2%)
182.9% - The Ocean View Hotel (shanklin) Ltd
83.2% - Industry AVG
THE OCEAN VIEW HOTEL (SHANKLIN) LTD financials
The Ocean View Hotel (Shanklin) Ltd's latest turnover from December 2023 is estimated at £6.3 million and the company has net assets of -£325.2 thousand. According to their latest financial statements, The Ocean View Hotel (Shanklin) Ltd has 29 employees and maintains cash reserves of £101.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,332,708 | 7,606,215 | 7,869,684 | 7,628,385 | 8,069,653 | 7,918,904 | 7,593,320 | 7,556,166 | |||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 2,267,712 | 2,298,025 | 2,766,255 | 2,162,462 | 2,317,181 | 2,076,535 | 1,764,718 | 1,842,667 | |||||||
| Gross Profit | 5,064,996 | 5,308,190 | 5,103,429 | 5,465,923 | 5,752,472 | 5,842,369 | 5,828,602 | 5,713,499 | |||||||
| Admin Expenses | 5,974,827 | 5,710,529 | 5,413,963 | 5,888,708 | 6,170,581 | 5,926,079 | 5,983,817 | 5,565,723 | |||||||
| Operating Profit | -909,831 | -402,339 | -310,534 | -422,785 | -418,109 | -83,710 | -155,215 | 147,776 | |||||||
| Interest Payable | 17,755 | 18,217 | 21,233 | 19,239 | 15,893 | 20,739 | 27,575 | 24,536 | |||||||
| Interest Receivable | 1,715 | 3,618 | 3,365 | 4,219 | 10,011 | 8,935 | 7,458 | 19,893 | |||||||
| Pre-Tax Profit | -470,049 | -416,938 | -328,290 | -301,372 | -373,607 | 253,833 | -114,595 | 217,337 | |||||||
| Tax | 32,251 | 76,862 | 58,686 | 77,539 | 91,213 | -19,626 | 402 | -66,367 | |||||||
| Profit After Tax | -437,798 | -340,076 | -269,604 | -223,833 | -282,394 | 234,207 | -114,193 | 150,970 | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 100,000 | 0 | 50,000 | |||||||
| Retained Profit | -437,798 | -340,076 | -269,604 | -223,833 | -282,394 | 134,207 | -114,193 | 100,970 | |||||||
| Employee Costs | 2,377,364 | 2,228,677 | 2,229,810 | 2,161,182 | 2,223,046 | 2,207,510 | 2,120,093 | 1,896,479 | |||||||
| Number Of Employees | 29 | 28 | 31 | 62 | 151 | 142 | 135 | 139 | 142 | 147 | 136 | 140 | 149 | 150 | 143 |
| EBITDA* | -381,309 | 148,772 | 226,475 | 58,174 | 20,334 | 368,580 | 295,899 | 526,009 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 222,416 | 257,899 | 274,419 | 227,325 | 1,350,312 | 1,619,338 | 1,874,225 | 2,351,400 | 1,843,225 | 2,285,458 | 2,221,026 | 2,104,648 | 2,078,187 | 2,159,576 | 1,904,293 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 102 | 102 | 102 | 102 | 102 | 102 | 102 | 80,100 | 80,100 | 80,100 | 114,094 | 114,094 | 114,094 | 114,094 | 114,094 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 222,518 | 258,001 | 274,521 | 227,427 | 1,350,414 | 1,619,440 | 1,874,327 | 2,431,500 | 1,923,325 | 2,365,558 | 2,335,120 | 2,218,742 | 2,192,281 | 2,273,670 | 2,018,387 |
| Stock & work in progress | 11,116 | 13,614 | 15,109 | 17,045 | 134,500 | 104,464 | 106,864 | 73,282 | 77,767 | 110,344 | 114,463 | 67,117 | 92,060 | 90,317 | 102,353 |
| Trade Debtors | 0 | 0 | 0 | 1,951 | 28,545 | 70,683 | 66,698 | 94,217 | 14,967 | 182,571 | 155,702 | 134,778 | 124,329 | 136,027 | 147,863 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,281 | 2,322 | 7,341 | 1,271 | 2,482,200 | 2,479,542 | 2,674,877 |
| Misc Debtors | 56,885 | 116,693 | 74,962 | 141,615 | 223,259 | 284,103 | 260,868 | 370,058 | 360,846 | 333,845 | 476,986 | 639,808 | 405,833 | 266,740 | 239,756 |
| Cash | 101,712 | 121,503 | 140,189 | 415,856 | 117,564 | 1,043,137 | 873,192 | 126,163 | 754,093 | 775,084 | 1,032,397 | 1,521,002 | 5,353 | 4,015 | 4,699 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 169,713 | 251,810 | 230,260 | 576,467 | 503,868 | 1,502,387 | 1,307,622 | 663,720 | 1,235,954 | 1,404,166 | 1,786,889 | 2,363,976 | 3,109,775 | 2,976,641 | 3,169,548 |
| total assets | 392,231 | 509,811 | 504,781 | 803,894 | 1,854,282 | 3,121,827 | 3,181,949 | 3,095,220 | 3,159,279 | 3,769,724 | 4,122,009 | 4,582,718 | 5,302,056 | 5,250,311 | 5,187,935 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 153,359 | 231,507 | 99,543 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55,026 |
| Trade Creditors | 29,581 | 50,613 | 16,629 | 69,477 | 158,620 | 270,036 | 261,306 | 130,787 | 110,147 | 173,487 | 224,567 | 126,391 | 337,135 | 243,479 | 172,989 |
| Group/Directors Accounts | 575,002 | 475,002 | 375,002 | 375,002 | 1,170,663 | 982,691 | 725,906 | 236,104 | 110,000 | 110,000 | 110,000 | 110,000 | 210,000 | 110,000 | 160,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,177 | 141,622 | 242,533 | 197,865 | 352,936 | 259,845 | 293,998 | 259,492 |
| other current liabilities | 112,826 | 56,988 | 88,093 | 275,057 | 839,664 | 1,686,989 | 1,746,565 | 592,288 | 528,148 | 464,236 | 524,458 | 453,684 | 591,664 | 451,065 | 476,038 |
| total current liabilities | 717,409 | 582,603 | 479,724 | 719,536 | 2,168,947 | 2,939,716 | 2,733,777 | 994,356 | 889,917 | 990,256 | 1,056,890 | 1,043,011 | 1,552,003 | 1,330,049 | 1,223,088 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 325,730 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,399 | 38,113 | 159,562 | 119,245 | 305,375 | 201,018 | 394,661 | 419,625 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,716 | 70,297 | 126,661 | 191,286 | 223,595 | 334,368 | 239,796 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 329,129 | 59,829 | 229,859 | 245,906 | 496,661 | 424,613 | 729,029 | 659,421 |
| total liabilities | 717,409 | 582,603 | 479,724 | 719,536 | 2,168,947 | 2,939,716 | 2,733,777 | 1,323,485 | 949,746 | 1,220,115 | 1,302,796 | 1,539,672 | 1,976,616 | 2,059,078 | 1,882,509 |
| net assets | -325,178 | -72,792 | 25,057 | 84,358 | -314,665 | 182,111 | 448,172 | 1,771,735 | 2,209,533 | 2,549,609 | 2,819,213 | 3,043,046 | 3,325,440 | 3,191,233 | 3,305,426 |
| total shareholders funds | -325,178 | -72,792 | 25,057 | 84,358 | -314,665 | 182,111 | 448,172 | 1,771,735 | 2,209,533 | 2,549,609 | 2,819,213 | 3,043,046 | 3,325,440 | 3,191,233 | 3,305,426 |
| Dec 2023 | Dec 2022 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -909,831 | -402,339 | -310,534 | -422,785 | -418,109 | -83,710 | -155,215 | 147,776 | |||||||
| Depreciation | 39,856 | 21,805 | 38,232 | 127,105 | 306,548 | 333,244 | 598,240 | 528,522 | 551,111 | 537,009 | 480,959 | 438,443 | 452,290 | 451,114 | 378,233 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 32,251 | 76,862 | 58,686 | 77,539 | 91,213 | -19,626 | 402 | -66,367 | |||||||
| Stock | -2,498 | -3,431 | -1,936 | -117,455 | 30,036 | -2,400 | 106,864 | -4,485 | -32,577 | -4,119 | 47,346 | -24,943 | 1,743 | -12,036 | 102,353 |
| Debtors | -59,808 | -26,873 | -68,604 | -108,238 | -102,982 | 27,220 | 327,566 | 60,181 | -114,644 | -121,291 | -135,828 | -2,236,505 | 130,053 | -180,187 | 3,062,496 |
| Creditors | -21,032 | -18,864 | -52,848 | -89,143 | -111,416 | 8,730 | 261,306 | 20,640 | -63,340 | -51,080 | 98,176 | -210,744 | 93,656 | 70,490 | 172,989 |
| Accruals and Deferred Income | 55,838 | -218,069 | -186,964 | -564,607 | -847,325 | -59,576 | 1,746,565 | 64,140 | 63,912 | -60,222 | 70,774 | -137,980 | 140,599 | -24,973 | 476,038 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -21,716 | -48,581 | -56,364 | -64,625 | -32,309 | -110,773 | 94,572 | 239,796 |
| Cash flow from operations | -341,690 | 324,846 | 242,905 | 328,520 | 1,991,962 | 340,640 | 628,613 | -1,816,384 | |||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -65,475 | -48,582 | -460,904 | -66,920 | 58,909 | -175,900 | 15,716 | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 102 | 0 | 0 | -33,994 | 0 | 0 | 0 | 0 | 114,094 |
| cash flow from investments | -65,475 | -14,588 | -460,904 | -66,920 | 58,909 | -175,900 | -98,378 | ||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -55,026 | 55,026 |
| Group/Directors Accounts | 100,000 | 100,000 | 0 | -795,661 | 187,972 | 256,785 | 725,906 | 126,104 | 0 | 0 | 0 | -100,000 | 100,000 | -50,000 | 160,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 325,730 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -141,159 | -222,360 | 84,985 | -341,201 | 197,448 | -227,796 | 9,542 | 679,117 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -16,040 | -14,599 | -17,868 | -15,020 | -5,882 | -11,804 | -20,117 | -4,643 | |||||||
| cash flow from financing | 294,635 | -236,959 | 67,117 | -356,221 | 91,566 | -139,600 | -115,601 | 4,093,956 | |||||||
| cash and cash equivalents | |||||||||||||||
| cash | -19,791 | -294,353 | -275,667 | 298,292 | -925,573 | 169,945 | 873,192 | -627,930 | -20,991 | -257,313 | -488,605 | 1,515,649 | 1,338 | -684 | 4,699 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -153,359 | -78,148 | 131,964 | 99,543 |
| change in cash | -19,791 | -294,353 | -275,667 | 298,292 | -925,573 | 169,945 | 873,192 | -627,930 | -20,991 | -257,313 | -488,605 | 1,669,008 | 79,486 | -132,648 | -94,844 |
the ocean view hotel (shanklin) ltd Credit Report and Business Information
The Ocean View Hotel (shanklin) Ltd Competitor Analysis
Perform a competitor analysis for the ocean view hotel (shanklin) ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in HX1 area or any other competitors across 12 key performance metrics.
the ocean view hotel (shanklin) ltd Ownership
THE OCEAN VIEW HOTEL (SHANKLIN) LTD group structure
The Ocean View Hotel (Shanklin) Ltd has 3 subsidiary companies.
Ultimate parent company
SOUTHERN INVESTMENTS LTD.
#0026963
1 parent
THE OCEAN VIEW HOTEL (SHANKLIN) LTD
00255149
3 subsidiaries
the ocean view hotel (shanklin) ltd directors
The Ocean View Hotel (Shanklin) Ltd currently has 2 directors. The longest serving directors include Mr Robert Holdsworth (Jun 1992) and Mrs Pamela Holdsworth (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Holdsworth | 81 years | Jun 1992 | - | Director | |
| Mrs Pamela Holdsworth | 81 years | Sep 2021 | - | Director |
P&L
December 2023turnover
6.3m
+98%
operating profit
-258k
0%
gross margin
20.3%
-5.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-325.2k
+3.47%
total assets
392.2k
-0.23%
cash
101.7k
-0.16%
net assets
Total assets minus all liabilities
the ocean view hotel (shanklin) ltd company details
company number
00255149
Type
Private limited with Share Capital
industry
79120 - Tour operator activities
incorporation date
March 1931
age
93
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
o.& c.holdsworth limited (August 2022)
accountant
KIRK NEWSHOLME
auditor
-
address
9 harrison road, halifax, HX1 2AF
Bank
LLOYDS TSB BANK PLC
Legal Advisor
FINN GLEDHILL & CO
the ocean view hotel (shanklin) 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 found 2 charges/mortgages relating to the ocean view hotel (shanklin) ltd. Currently there are 0 open charges and 2 have been satisfied in the past.
the ocean view hotel (shanklin) ltd Companies House Filings - See Documents
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