horeco limited
horeco limited Company Information
Company Number
01988291
Website
http://basildonhotel.co.ukRegistered Address
66 lincoln's inn fields, london, WC2A 3LH
Industry
Activities of head offices
Telephone
-
Next Accounts Due
21 days late
Group Structure
View All
Shareholders
louvre hotels group 100%
horeco limited Estimated Valuation
Pomanda estimates the enterprise value of HORECO LIMITED at £0 based on a Turnover of £0 and 0.68x industry multiple (adjusted for size and gross margin).
horeco limited Estimated Valuation
Pomanda estimates the enterprise value of HORECO LIMITED at £0 based on an EBITDA of £-1.4m and a 4.56x industry multiple (adjusted for size and gross margin).
horeco limited Estimated Valuation
Pomanda estimates the enterprise value of HORECO LIMITED at £28.9m based on Net Assets of £10.8m and 2.68x industry multiple (adjusted for liquidity).
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Horeco Limited Overview
Horeco Limited is a live company located in london, WC2A 3LH with a Companies House number of 01988291. It operates in the activities of head offices sector, SIC Code 70100. Founded in February 1986, it's largest shareholder is louvre hotels group with a 100% stake. Horeco Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Horeco Limited Health Check
There is insufficient data available to calculate a health check for Horeco Limited. Company Health Check FAQs
0 Strong
0 Regular
3 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Horeco Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Employees
with 1 employees, this is below the industry average (118)
- Horeco Limited
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Horeco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (15 weeks)
- - Horeco Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.3%, this is a higher level of debt than the average (57.3%)
- - Horeco Limited
- - Industry AVG
HORECO LIMITED financials
Horeco Limited's latest turnover from December 2022 is 0 and the company has net assets of £10.8 million. According to their latest financial statements, we estimate that Horeco Limited has 1 employee and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | -1,375,960 | 525,759 | -537,165 | 466,991 | -100,894 | -326,540 | -1,414,458 | -36,745 | -54,836 | 2,313,829 | -2,126,341 | -4,823,821 | 59,762 | -253,427 |
| Interest Payable | 1,181,949 | 166,369 | 338,321 | 589,739 | 459,536 | 234,021 | 269,001 | 284,236 | 282,221 | 309,329 | 391,497 | 418,556 | 101,156 | 1,566,136 |
| Interest Receivable | 1,153,725 | 154,658 | 306,323 | 507,693 | 441,066 | 239,010 | 313,405 | 350,238 | 338,755 | 328,492 | 477,256 | 505,234 | 403,651 | 619,614 |
| Pre-Tax Profit | -1,404,184 | 514,048 | -569,163 | 384,945 | -119,364 | -321,551 | -1,370,054 | 468,260 | 576,304 | 2,210,168 | -1,908,983 | -4,581,307 | 442,438 | -1,199,949 |
| Tax | 0 | 0 | 343,813 | -73,153 | 0 | 0 | 0 | -92,724 | -122,505 | 1,274 | -42,904 | -43,890 | -97,267 | 383,327 |
| Profit After Tax | -1,404,184 | 514,048 | -225,350 | 311,792 | -119,364 | -321,551 | -1,370,054 | 375,536 | 453,799 | 2,211,442 | -1,951,887 | -4,625,197 | 345,171 | -816,622 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,404,184 | 514,048 | -225,350 | 311,792 | -119,364 | -321,551 | -1,370,054 | 375,536 | 453,799 | 2,211,442 | -1,951,887 | -4,625,197 | 345,171 | -816,622 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | ||||||||||||||
| EBITDA* | -1,375,960 | 525,759 | -537,165 | 466,991 | -100,894 | -326,540 | -1,414,458 | -36,745 | -54,836 | 2,313,829 | -2,126,341 | -4,823,821 | 59,762 | -253,427 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,208,397 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 4,825,010 | 4,928,397 | 5,208,397 | 5,208,397 | 5,208,397 | 5,208,397 | 5,208,397 | 5,208,397 | 5,208,397 | 5,208,397 | 5,208,397 | 5,208,397 | 6,933,397 | 6,783,397 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,825,010 | 4,928,397 | 5,208,397 | 5,208,397 | 5,208,397 | 5,208,397 | 5,208,397 | 5,208,397 | 5,208,397 | 5,208,397 | 5,208,397 | 5,208,397 | 6,933,397 | 6,783,397 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 12,117 | 56,848 | 174 | 330 | 163,371 | 290 | 249 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 84,131,827 | 80,997,597 | 76,948,176 | 83,237,407 | 66,803,821 | 64,845,475 | 15,128,621 | 15,598,086 | 15,225,292 | 15,627,822 | 11,979,935 | 13,216,125 | 12,069,189 | 12,941,143 |
| Misc Debtors | 1,106,875 | 1,025,627 | 1,406,784 | 0 | 1,773,962 | 0 | 0 | 0 | 1,970 | 4,283 | 127,839 | 154,568 | 108,698 | 275,715 |
| Cash | 2,343,377 | 1,012,095 | 749,495 | 1,824,682 | 9,697,033 | 4,072,032 | 1,186,787 | 716,049 | 641,252 | 221,549 | 243,289 | 236,107 | 405,227 | 499,329 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 87,582,079 | 83,047,436 | 79,161,303 | 85,062,263 | 78,275,146 | 69,080,878 | 16,315,698 | 16,314,384 | 15,868,514 | 15,853,654 | 12,351,063 | 13,606,800 | 12,583,114 | 13,716,187 |
| total assets | 92,407,089 | 87,975,833 | 84,369,700 | 90,270,660 | 83,483,543 | 74,289,275 | 21,524,095 | 21,522,781 | 21,076,911 | 21,062,051 | 17,559,460 | 18,815,197 | 19,516,511 | 20,499,584 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,326 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,800 | 13,395 | 600 |
| Group/Directors Accounts | 81,458,670 | 75,783,654 | 72,694,816 | 75,496,252 | 71,893,724 | 62,277,051 | 9,175,969 | 0 | 8,013,295 | 8,499,910 | 7,209,093 | 6,495,754 | 2,570,156 | 3,359,223 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 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 | 170,209 | 12,111 | 8,864 | 2,883,038 | 10,241 | 313,282 | 327,633 | 8,132,234 | 48,605 | 929 | 597 | 3,986 | 6,106 | 558,078 |
| total current liabilities | 81,631,205 | 75,795,765 | 72,703,680 | 78,379,290 | 71,903,965 | 62,590,333 | 9,503,602 | 8,132,234 | 8,061,900 | 8,500,839 | 7,209,690 | 6,513,540 | 2,589,657 | 3,917,901 |
| loans | 0 | 0 | 0 | 0 | 0 | 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 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 81,631,205 | 75,795,765 | 72,703,680 | 78,379,290 | 71,903,965 | 62,590,333 | 9,503,602 | 8,132,234 | 8,061,900 | 8,500,839 | 7,209,690 | 6,513,540 | 2,589,657 | 3,917,901 |
| net assets | 10,775,884 | 12,180,068 | 11,666,020 | 11,891,370 | 11,579,578 | 11,698,942 | 12,020,493 | 13,390,547 | 13,015,011 | 12,561,212 | 10,349,770 | 12,301,657 | 16,926,854 | 16,581,683 |
| total shareholders funds | 10,775,884 | 12,180,068 | 11,666,020 | 11,891,370 | 11,579,578 | 11,698,942 | 12,020,493 | 13,390,547 | 13,015,011 | 12,561,212 | 10,349,770 | 12,301,657 | 16,926,854 | 16,581,683 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -1,375,960 | 525,759 | -537,165 | 466,991 | -100,894 | -326,540 | -1,414,458 | -36,745 | -54,836 | 2,313,829 | -2,126,341 | -4,823,821 | 59,762 | -253,427 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 343,813 | -73,153 | 0 | 0 | 0 | -92,724 | -122,505 | 1,274 | -42,904 | -43,890 | -97,267 | 383,327 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,203,361 | 3,623,533 | -4,825,773 | 14,659,468 | 3,569,267 | 49,879,935 | -469,424 | 371,073 | -404,843 | 3,524,331 | -1,262,919 | 1,192,806 | -1,038,971 | 13,216,858 |
| Creditors | 2,326 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13,800 | 405 | 12,795 | 600 |
| Accruals and Deferred Income | 158,098 | 3,247 | -2,874,174 | 2,872,797 | -303,041 | -14,351 | -7,804,601 | 8,083,629 | 47,676 | 332 | -3,389 | -2,120 | -551,972 | 558,078 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -4,418,897 | -3,094,527 | 1,758,247 | -11,392,833 | -3,973,202 | -50,220,826 | -8,749,635 | 7,583,087 | 275,178 | -1,208,896 | -923,515 | -6,062,232 | 462,289 | -12,528,280 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -103,387 | -280,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,725,000 | 150,000 | 6,783,397 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 5,675,016 | 3,088,838 | -2,801,436 | 3,602,528 | 9,616,673 | 53,101,082 | 9,175,969 | -8,013,295 | -486,615 | 1,290,817 | 713,339 | 3,925,598 | -789,067 | 3,359,223 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -28,224 | -11,711 | -31,998 | -82,046 | -18,470 | 4,989 | 44,404 | 66,002 | 56,534 | 19,163 | 85,759 | 86,678 | 302,495 | -946,522 |
| cash flow from financing | 5,646,792 | 3,077,127 | -2,833,434 | 3,520,482 | 9,598,203 | 53,106,071 | 9,220,373 | -7,947,293 | -430,081 | 1,309,980 | 799,098 | 4,012,276 | -486,572 | 19,811,006 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,331,282 | 262,600 | -1,075,187 | -7,872,351 | 5,625,001 | 2,885,245 | 470,738 | 74,797 | 419,703 | -21,740 | 7,182 | -169,120 | -94,102 | 499,329 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,331,282 | 262,600 | -1,075,187 | -7,872,351 | 5,625,001 | 2,885,245 | 470,738 | 74,797 | 419,703 | -21,740 | 7,182 | -169,120 | -94,102 | 499,329 |
horeco limited Credit Report and Business Information
Horeco Limited Competitor Analysis
Perform a competitor analysis for horeco limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mature companies, companies in WC2A area or any other competitors across 12 key performance metrics.
horeco limited Ownership
HORECO LIMITED group structure
Horeco Limited has 16 subsidiary companies.
Ultimate parent company
LOUVRE HOTELS GROUP
#0129940
1 parent
HORECO LIMITED
01988291
16 subsidiaries
horeco limited directors
Horeco Limited currently has 2 directors. The longest serving directors include Mr Gustav Tscherning (Jun 2016) and Mr Eduardo De Castro (Jun 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gustav Tscherning | France | 52 years | Jun 2016 | - | Director |
| Mr Eduardo De Castro | France | 46 years | Jun 2020 | - | Director |
P&L
December 2022turnover
0
0%
operating profit
-1.4m
-362%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
10.8m
-0.12%
total assets
92.4m
+0.05%
cash
2.3m
+1.32%
net assets
Total assets minus all liabilities
horeco limited company details
company number
01988291
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
February 1986
age
38
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2022
previous names
tyrolese (50) limited (August 1986)
accountant
-
auditor
CONSTANTIN
address
66 lincoln's inn fields, london, WC2A 3LH
Bank
J P MORGAN CHASE BANK
Legal Advisor
FARRER & CO
horeco 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 horeco limited. Currently there are 0 open charges and 3 have been satisfied in the past.
horeco limited Companies House Filings - See Documents
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