horizons leisure limited
horizons leisure limited Company Information
Company Number
01794381
Website
www.napoleons-casinos.co.ukRegistered Address
c/o addleshaw goddard (company s, one st. peter's square, manchester, M2 3DE
Industry
Gambling and betting activities
Telephone
01274391820
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
mayfair casino limited 100%
horizons leisure limited Estimated Valuation
Pomanda estimates the enterprise value of HORIZONS LEISURE LIMITED at £21.3m based on a Turnover of £15.6m and 1.37x industry multiple (adjusted for size and gross margin).
horizons leisure limited Estimated Valuation
Pomanda estimates the enterprise value of HORIZONS LEISURE LIMITED at £23.3m based on an EBITDA of £4.7m and a 4.98x industry multiple (adjusted for size and gross margin).
horizons leisure limited Estimated Valuation
Pomanda estimates the enterprise value of HORIZONS LEISURE LIMITED at £15.9m based on Net Assets of £17.5m and 0.91x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Horizons Leisure Limited Overview
Horizons Leisure Limited is a live company located in manchester, M2 3DE with a Companies House number of 01794381. It operates in the gambling and betting activities sector, SIC Code 92000. Founded in February 1984, it's largest shareholder is mayfair casino limited with a 100% stake. Horizons Leisure Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.6m with healthy growth in recent years.
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Horizons Leisure Limited Health Check
Pomanda's financial health check has awarded Horizons Leisure Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 0 areas for improvement. Company Health Check FAQs
8 Strong
4 Regular
0 Weak
Size
annual sales of £15.6m, make it larger than the average company (£9.4m)
£15.6m - Horizons Leisure Limited
£9.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (-2.3%)
9% - Horizons Leisure Limited
-2.3% - Industry AVG
Production
with a gross margin of 77.1%, this company has a comparable cost of product (72.4%)
77.1% - Horizons Leisure Limited
72.4% - Industry AVG
Profitability
an operating margin of 25.4% make it more profitable than the average company (12.6%)
25.4% - Horizons Leisure Limited
12.6% - Industry AVG
Employees
with 114 employees, this is similar to the industry average (113)
114 - Horizons Leisure Limited
113 - Industry AVG
Pay Structure
on an average salary of £31.6k, the company has an equivalent pay structure (£27.1k)
£31.6k - Horizons Leisure Limited
£27.1k - Industry AVG
Efficiency
resulting in sales per employee of £136.6k, this is more efficient (£99.1k)
£136.6k - Horizons Leisure Limited
£99.1k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (3 days)
0 days - Horizons Leisure Limited
3 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is close to average (37 days)
38 days - Horizons Leisure Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (4 days)
1 days - Horizons Leisure Limited
4 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 119 weeks, this is more cash available to meet short term requirements (31 weeks)
119 weeks - Horizons Leisure Limited
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.8%, this is a lower level of debt than the average (57.8%)
27.8% - Horizons Leisure Limited
57.8% - Industry AVG
HORIZONS LEISURE LIMITED financials
Horizons Leisure Limited's latest turnover from December 2022 is £15.6 million and the company has net assets of £17.5 million. According to their latest financial statements, Horizons Leisure Limited has 114 employees and maintains cash reserves of £5.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 15,570,325 | 7,584,034 | 2,927,672 | 12,181,133 | 11,775,666 | 11,543,711 | 14,158,376 | 10,046,418 | 8,817,826 | 9,977,826 | 9,435,006 | 10,495,340 | 10,879,062 | 10,909,819 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 3,565,197 | 1,679,173 | 733,575 | 3,085,371 | 2,950,345 | 8,314,307 | 8,882,820 | 7,249,174 | 6,763,285 | 6,977,453 | 7,011,813 | 6,622,306 | ||
| Gross Profit | 12,005,128 | 5,904,861 | 2,194,097 | 9,095,762 | 8,825,321 | 3,229,404 | 5,275,556 | 2,797,244 | 2,671,721 | 3,517,887 | 3,867,249 | 4,287,513 | ||
| Admin Expenses | 8,043,775 | 4,872,576 | 4,684,140 | 8,344,610 | 9,815,615 | 2,302,442 | 2,434,654 | 1,890,134 | 2,510,181 | 2,539,109 | 2,405,708 | 2,448,878 | ||
| Operating Profit | 3,961,353 | 1,032,285 | -2,490,043 | 751,152 | -990,294 | 926,962 | 2,840,902 | 907,110 | -253,516 | 626,970 | 161,540 | 978,778 | 1,461,541 | 1,838,635 |
| Interest Payable | 0 | 0 | 0 | 785 | 47 | 1,569 | 722 | 0 | 0 | 7 | 189 | 30 | 0 | 178 |
| Interest Receivable | 0 | 1,220 | 0 | 724 | 29,332 | 82,166 | 48,259 | 28,978 | 18,036 | 49,312 | 65,556 | 42,787 | 23,598 | 21,810 |
| Pre-Tax Profit | 3,961,353 | 1,033,505 | -2,490,043 | 751,091 | -960,964 | 1,007,559 | 2,888,439 | 936,088 | -235,480 | 676,275 | 226,907 | 1,021,535 | 1,485,139 | 1,673,017 |
| Tax | -56,496 | -1,320,085 | 26,463 | -116,294 | 163,178 | 12,619 | -654,378 | 20,388 | 23,275 | -202,127 | -126,945 | -333,466 | -517,843 | -546,644 |
| Profit After Tax | 3,904,857 | -286,580 | -2,463,580 | 634,797 | -797,786 | 1,020,178 | 2,234,061 | 956,476 | -212,205 | 474,148 | 99,962 | 688,069 | 967,296 | 1,126,373 |
| Dividends Paid | 1,711,669 | 0 | 2,000,000 | 0 | 4,100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,193,188 | -286,580 | -4,463,580 | 634,797 | -4,897,786 | 1,020,178 | 2,234,061 | 956,476 | -212,205 | 474,148 | 99,962 | 688,069 | 967,296 | 1,126,373 |
| Employee Costs | 3,599,306 | 2,656,984 | 4,087,913 | 5,159,534 | 6,464,711 | 5,133,287 | 4,928,832 | 4,627,079 | 4,725,533 | 4,542,140 | 4,309,571 | 4,190,575 | 3,946,901 | 3,769,309 |
| Number Of Employees | 114 | 91 | 154 | 192 | 178 | 177 | 176 | 172 | 168 | 164 | 158 | 158 | 152 | 148 |
| EBITDA* | 4,669,035 | 1,684,804 | -1,902,214 | 1,347,128 | -259,500 | 1,508,219 | 3,464,215 | 1,137,952 | -39,749 | 893,120 | 683,662 | 1,482,073 | 1,912,505 | 2,297,286 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 526,627 | 720,365 | 899,273 | 588,383 | 659,097 | 763,962 | 811,099 | 918,282 | 1,035,932 | 20,291,595 | 20,422,138 | 20,694,360 | 21,132,034 | 21,500,726 |
| Intangible Assets | 16,321,451 | 16,703,243 | 17,085,033 | 17,466,821 | 17,847,825 | 18,325,845 | 18,707,634 | 19,089,412 | 19,089,412 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 16,848,078 | 17,423,608 | 17,984,306 | 18,055,204 | 18,506,922 | 19,089,807 | 19,518,733 | 20,007,694 | 20,125,344 | 20,291,595 | 20,422,138 | 20,694,360 | 21,132,034 | 21,500,726 |
| Stock & work in progress | 13,245 | 12,660 | 11,943 | 14,750 | 14,750 | 14,525 | 14,467 | 12,833 | 14,392 | 13,398 | 13,672 | 11,911 | 11,432 | 10,354 |
| Trade Debtors | 556 | 15,124 | 0 | 7,837 | 1,800 | 0 | 2,100 | 9,800 | 3,079 | 6,720 | 220 | 1,304 | 780 | 2,816 |
| Group Debtors | 1,639,647 | 1,675,688 | 566,491 | 561,660 | 498,660 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 396,900 | 333,859 | 152,003 | 365,227 | 415,408 | 883,332 | 879,175 | 581,287 | 483,039 | 141,551 | 269,146 | 354,927 | 337,849 | 159,852 |
| Cash | 5,381,244 | 1,751,467 | 1,494,279 | 5,938,512 | 4,140,953 | 8,527,954 | 8,635,958 | 5,291,909 | 4,161,395 | 4,858,151 | 4,385,494 | 5,121,131 | 4,273,814 | 3,018,361 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,431,592 | 3,788,798 | 2,224,716 | 6,887,986 | 5,071,571 | 9,425,811 | 9,531,700 | 5,895,829 | 4,661,905 | 5,019,820 | 4,668,532 | 5,489,273 | 4,623,875 | 3,191,383 |
| total assets | 24,279,670 | 21,212,406 | 20,209,022 | 24,943,190 | 23,578,493 | 28,515,618 | 29,050,433 | 25,903,523 | 24,787,249 | 25,311,415 | 25,090,670 | 26,183,633 | 25,755,909 | 24,692,109 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 94,018 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 375,412 | 374,355 | 186,606 | 86,943 | 124,006 | 128,537 | 225,913 | 144,149 | 130,111 | 73,378 | 50,698 | 124,434 | 131,811 | 133,364 |
| Group/Directors Accounts | 352,579 | 4,142 | 132,022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 60,000 | 60,000 | 10,000 | 210,000 | 12,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,545,967 | 1,077,881 | 1,217,871 | 1,493,681 | 831,012 | 928,181 | 2,084,798 | 1,227,713 | 819,953 | 1,179,054 | 657,760 | 771,214 | 1,025,839 | 851,688 |
| total current liabilities | 2,333,958 | 1,516,378 | 1,546,499 | 1,790,624 | 967,018 | 1,056,718 | 2,310,711 | 1,371,862 | 950,064 | 1,252,432 | 708,458 | 895,648 | 1,157,650 | 1,079,070 |
| loans | 0 | 0 | 0 | 0 | 210,000 | 0 | 0 | 0 | 0 | 0 | 775,384 | 1,740,155 | 1,698,265 | 1,699,646 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 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 |
| provisions | 4,423,773 | 4,367,277 | 3,047,192 | 3,073,655 | 2,957,361 | 3,545,000 | 3,846,000 | 3,772,000 | 34,000 | 43,593 | 65,586 | 106,550 | 146,783 | 127,478 |
| total long term liabilities | 4,423,773 | 4,367,277 | 3,047,192 | 3,073,655 | 3,167,361 | 3,545,000 | 3,846,000 | 3,772,000 | 34,000 | 43,593 | 840,970 | 1,846,705 | 1,845,048 | 1,827,124 |
| total liabilities | 6,757,731 | 5,883,655 | 4,593,691 | 4,864,279 | 4,134,379 | 4,601,718 | 6,156,711 | 5,143,862 | 984,064 | 1,296,025 | 1,549,428 | 2,742,353 | 3,002,698 | 2,906,194 |
| net assets | 17,521,939 | 15,328,751 | 15,615,331 | 20,078,911 | 19,444,114 | 23,913,900 | 22,893,722 | 20,759,661 | 23,803,185 | 24,015,390 | 23,541,242 | 23,441,280 | 22,753,211 | 21,785,915 |
| total shareholders funds | 17,521,939 | 15,328,751 | 15,615,331 | 20,078,911 | 19,444,114 | 23,913,900 | 22,893,722 | 20,759,661 | 23,803,185 | 24,015,390 | 23,541,242 | 23,441,280 | 22,753,211 | 21,785,915 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,961,353 | 1,032,285 | -2,490,043 | 751,152 | -990,294 | 926,962 | 2,840,902 | 907,110 | -253,516 | 626,970 | 161,540 | 978,778 | 1,461,541 | 1,838,635 |
| Depreciation | 325,890 | 270,729 | 206,041 | 214,972 | 252,774 | 199,468 | 241,535 | 230,842 | 213,767 | 266,150 | 522,122 | 503,295 | 450,964 | 458,651 |
| Amortisation | 381,792 | 381,790 | 381,788 | 381,004 | 478,020 | 381,789 | 381,778 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -56,496 | -1,320,085 | 26,463 | -116,294 | 163,178 | 12,619 | -654,378 | 20,388 | 23,275 | -202,127 | -126,945 | -333,466 | -517,843 | -546,644 |
| Stock | 585 | 717 | -2,807 | 0 | 225 | 58 | 1,634 | -1,559 | 994 | -274 | 1,761 | 479 | 1,078 | 10,354 |
| Debtors | 12,432 | 1,306,177 | -216,230 | 18,856 | 32,536 | 2,057 | 290,188 | 104,969 | 337,847 | -121,095 | -86,865 | 17,602 | 175,961 | 162,668 |
| Creditors | 1,057 | 187,749 | 99,663 | -37,063 | -4,531 | -97,376 | 81,764 | 14,038 | 56,733 | 22,680 | -73,736 | -7,377 | -1,553 | 133,364 |
| Accruals and Deferred Income | 468,086 | -139,990 | -275,810 | 662,669 | -97,169 | -1,156,617 | 857,085 | 407,760 | -359,101 | 521,294 | -113,454 | -254,625 | 174,151 | 851,688 |
| Deferred Taxes & Provisions | 56,496 | 1,320,085 | -26,463 | 116,294 | -587,639 | -301,000 | 74,000 | 3,738,000 | -9,593 | -21,993 | -40,964 | -40,233 | 19,305 | 127,478 |
| Cash flow from operations | 5,125,161 | 425,669 | -1,859,324 | 1,953,878 | -818,422 | -36,270 | 3,530,864 | 5,214,728 | -667,276 | 1,334,343 | 413,667 | 828,291 | 1,409,526 | 2,690,150 |
| Investing Activities | ||||||||||||||
| capital expenditure | -152,331 | -131,411 | -113,192 | -56,016 | -139,408 | -250,059 | -65,625 | -87,861 | -456,574 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -152,331 | -131,411 | -113,192 | -56,016 | -139,408 | -250,059 | -65,625 | -87,861 | -456,574 | |||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 348,437 | -127,880 | 132,022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 50,000 | -200,000 | 198,000 | 12,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -210,000 | 210,000 | 0 | 0 | 0 | 0 | -775,384 | -964,771 | 41,890 | -1,381 | 1,699,646 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 1,220 | 0 | -61 | 29,285 | 80,597 | 47,537 | 28,978 | 18,036 | 49,305 | 65,367 | 42,757 | 23,598 | 21,632 |
| cash flow from financing | 348,437 | -76,660 | -67,978 | -12,061 | 679,285 | 80,597 | -52,463 | -3,971,022 | 18,036 | -726,079 | -899,404 | 84,647 | 22,217 | 22,380,820 |
| cash and cash equivalents | ||||||||||||||
| cash | 3,629,777 | 257,188 | -4,444,233 | 1,797,559 | -4,387,001 | -108,004 | 3,344,049 | 1,130,514 | -696,756 | 472,657 | -735,637 | 847,317 | 1,255,453 | 3,018,361 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -94,018 | 94,018 |
| change in cash | 3,629,777 | 257,188 | -4,444,233 | 1,797,559 | -4,387,001 | -108,004 | 3,344,049 | 1,130,514 | -696,756 | 472,657 | -735,637 | 847,317 | 1,349,471 | 2,924,343 |
horizons leisure limited Credit Report and Business Information
Horizons Leisure Limited Competitor Analysis
Perform a competitor analysis for horizons leisure limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other mid companies, companies in M 2 area or any other competitors across 12 key performance metrics.
horizons leisure limited Ownership
HORIZONS LEISURE LIMITED group structure
Horizons Leisure Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
HORIZONS LEISURE LIMITED
01794381
2 subsidiaries
horizons leisure limited directors
Horizons Leisure Limited currently has 2 directors. The longest serving directors include Mr Vanthan Huot (Apr 2018) and Mr Jeremy Cummins (Feb 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Vanthan Huot | United Kingdom | 83 years | Apr 2018 | - | Director |
| Mr Jeremy Cummins | United Kingdom | 67 years | Feb 2023 | - | Director |
P&L
December 2022turnover
15.6m
+105%
operating profit
4m
+284%
gross margin
77.2%
-0.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
17.5m
+0.14%
total assets
24.3m
+0.14%
cash
5.4m
+2.07%
net assets
Total assets minus all liabilities
horizons leisure limited company details
company number
01794381
Type
Private limited with Share Capital
industry
92000 - Gambling and betting activities
incorporation date
February 1984
age
40
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
napoleons leisure limited (March 2022)
remarvel limited (November 1986)
last accounts submitted
December 2022
address
c/o addleshaw goddard (company s, one st. peter's square, manchester, M2 3DE
accountant
-
auditor
HAINES WATTS
horizons leisure limited 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 3 charges/mortgages relating to horizons leisure limited. Currently there are 1 open charges and 2 have been satisfied in the past.
horizons leisure limited Companies House Filings - See Documents
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