Towns Hotels Limited

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towns hotels limited Company Information

Live

MatureMicroRapid

Company Number

02134442

Website

Registered Address

30-32 gildredge road, eastbourne, east sussex, BN21 4SH

Industry

Buying and selling of own real estate

Telephone

Next Accounts Due

June 2025

Group Structure

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Directors

Martin Towns11 Years

Shareholders

martin keith towns 100%

towns hotels limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of TOWNS HOTELS LIMITED at £2.3m based on Net Assets of £1.6m and 1.46x industry multiple (adjusted for liquidity).

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Towns Hotels Limited is a live company located in east sussex, BN21 4SH with a Companies House number of 02134442. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in May 1987, it's largest shareholder is martin keith towns with a 100% stake. Towns Hotels Limited is a mature, micro sized company, Pomanda has estimated its turnover at £425.4k with rapid growth in recent years.

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Pomanda's financial health check has awarded Towns Hotels Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

3 Regular

4 Weak

Size

annual sales of £425.4k, make it smaller than the average company (£902.1k)

Growth

3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (2.5%)

EXPORT

Towns Hotels Limited's latest turnover from September 2023 is estimated at £425.4 thousand and the company has net assets of £1.6 million. According to their latest financial statements, Towns Hotels Limited has 2 employees and maintains cash reserves of £144.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	425,387	385,150	312,890	190,070	193,689	213,918	200,552	185,589	35,789	934,040	928,262	961,566	275,522	157,447	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	130,931	126,329	97,330	59,596	60,085	68,219	63,819	59,712	11,930	377,979	362,105	368,331	95,868	58,589	0
Gross Profit	294,456	258,822	215,560	130,474	133,604	145,700	136,733	125,877	23,859	556,061	566,157	593,235	179,654	98,858	0
Admin Expenses	320,686	353,669	263,227	195,586	75,683	-33,469	223,643	200,062	-62,034	590,623	625,445	654,058	218,838	255,047	-2,865,047
Operating Profit	-26,230	-94,847	-47,667	-65,112	57,921	179,169	-86,910	-74,185	85,893	-34,562	-59,288	-60,823	-39,184	-156,189	2,865,047
Interest Payable	15,600	1,908	0	0	529	1,542	938	0	0	0	0	0	0	0	0
Interest Receivable	3,634	5,606	832	1,204	6,792	2,209	643	1,228	1,875	2,070	2,620	2,917	2,775	3,273	2,213
Pre-Tax Profit	-38,197	-91,149	-46,835	-63,908	64,184	179,836	-87,205	-72,957	87,768	-32,492	-56,668	-57,906	-36,409	-152,916	2,867,260
Tax	0	0	0	0	-12,195	-34,169	0	0	-17,553	0	0	0	0	0	-802,833
Profit After Tax	-38,197	-91,149	-46,835	-63,908	51,989	145,667	-87,205	-72,957	70,214	-32,492	-56,668	-57,906	-36,409	-152,916	2,064,427
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-38,197	-91,149	-46,835	-63,908	51,989	145,667	-87,205	-72,957	70,214	-32,492	-56,668	-57,906	-36,409	-152,916	2,064,427
Employee Costs	77,359	75,633	72,024	75,717	79,860	78,050	70,000	75,300	35,973	146,217	178,717	170,900	68,102	35,279	0
Number Of Employees	2	2	2	2	2	2	2	2	1	4	5	5	2	1	0
EBITDA*	-21,643	-88,719	-39,414	-54,153	71,857	181,821	-83,966	-70,259	91,128	-27,583	-57,014	-58,550	-36,911	-150,217	2,879,100

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	796,056	924,656	930,784	938,392	948,358	915,211	916,531	919,475	923,401	996,809	975,871	1,082,149	1,016,249	1,018,522	1,052,289
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	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	0
Total Fixed Assets	796,056	924,656	930,784	938,392	948,358	915,211	916,531	919,475	923,401	996,809	975,871	1,082,149	1,016,249	1,018,522	1,052,289
Stock & work in progress	1,625,452	1,543,109	1,119,937	760,286	557,633	1,208,515	1,259,470	784,427	601,236	569,817	238,783	448,714	444,492	662,476	266,475
Trade Debtors	0	0	0	0	0	0	0	0	0	104,395	115,480	100,588	10,600	1,961	4,543
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	6,481	6,632	4,814	6,146	4,832	7,587	74,644	77,028	74,748	0	0	0	0	0	0
Cash	144,284	1,061	497,286	1,165,991	1,242,930	568,395	20,551	493,667	488,767	261,104	567,042	481,012	685,922	424,264	885,037
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,776,217	1,550,802	1,622,037	1,932,423	1,805,395	1,784,497	1,354,665	1,355,122	1,164,751	935,316	921,305	1,030,314	1,141,014	1,088,701	1,156,055
total assets	2,572,273	2,475,458	2,552,821	2,870,815	2,753,753	2,699,708	2,271,196	2,274,597	2,088,152	1,932,125	1,897,176	2,112,463	2,157,263	2,107,223	2,208,344
Bank overdraft	0	0	0	0	0	15,681	0	0	0	0	0	0	0	0	0
Bank loan	4,743	4,828	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	152	391	3,733	3,276	1,717	1,338	162,589	95,148	253,767	240,661	154,212	102,417
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0
other current liabilities	237,742	293,841	326,320	497,327	316,118	895,039	598,332	546,087	287,064	0	0	0	0	0	0
total current liabilities	242,485	298,669	326,320	497,479	316,509	914,453	601,608	547,804	288,402	162,589	95,148	253,767	240,661	154,212	102,417
loans	232,633	41,437	0	0	0	0	30,000	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	500,000	500,000	500,000	600,000	600,000	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	40,000	40,000	40,000	40,000	40,000	40,000
total long term liabilities	732,633	541,437	500,000	600,000	600,000	0	30,000	0	0	40,000	40,000	40,000	40,000	40,000	40,000
total liabilities	975,118	840,106	826,320	1,097,479	916,509	914,453	631,608	547,804	288,402	202,589	135,148	293,767	280,661	194,212	142,417
net assets	1,597,155	1,635,352	1,726,501	1,773,336	1,837,244	1,785,255	1,639,588	1,726,793	1,799,750	1,729,536	1,762,028	1,818,696	1,876,602	1,913,011	2,065,927
total shareholders funds	1,597,155	1,635,352	1,726,501	1,773,336	1,837,244	1,785,255	1,639,588	1,726,793	1,799,750	1,729,536	1,762,028	1,818,696	1,876,602	1,913,011	2,065,927

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-26,230	-94,847	-47,667	-65,112	57,921	179,169	-86,910	-74,185	85,893	-34,562	-59,288	-60,823	-39,184	-156,189	2,865,047
Depreciation	4,587	6,128	8,253	10,959	13,936	2,652	2,944	3,926	5,235	6,979	2,274	2,273	2,273	5,972	14,053
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-12,195	-34,169	0	0	-17,553	0	0	0	0	0	-802,833
Stock	82,343	423,172	359,651	202,653	-650,882	-50,955	475,043	183,191	31,419	331,034	-209,931	4,222	-217,984	396,001	266,475
Debtors	-151	1,818	-1,332	1,314	-2,755	-67,057	-2,384	2,280	-29,647	-11,085	14,892	89,988	8,639	-2,582	4,543
Creditors	0	0	-152	-239	-3,342	457	1,559	379	-161,251	67,441	-158,619	13,106	86,449	51,795	102,417
Accruals and Deferred Income	-56,099	-32,479	-171,007	181,209	-578,921	296,707	52,245	259,023	287,064	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	-40,000	0	0	0	0	0	40,000
Cash flow from operations	-159,934	-546,188	-568,892	-77,150	131,036	562,828	-502,821	3,672	157,616	-280,091	-20,594	-139,654	258,883	-491,841	1,947,666
Investing Activities
capital expenditure	124,013	0	-645	-993	-47,083	-1,332	0	0	68,173	-27,917	104,004	-68,173	0	27,795	-1,066,342
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	124,013	0	-645	-993	-47,083	-1,332	0	0	68,173	-27,917	104,004	-68,173	0	27,795	-1,066,342
Financing Activities
Bank loans	-85	4,828	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	191,196	41,437	0	0	0	-30,000	30,000	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	0
other long term liabilities	0	0	-100,000	0	600,000	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,500
interest	-11,966	3,698	832	1,204	6,263	667	-295	1,228	1,875	2,070	2,620	2,917	2,775	3,273	2,213
cash flow from financing	179,145	49,963	-99,168	1,204	606,263	-29,333	29,705	1,228	1,875	2,070	2,620	2,917	2,775	3,273	3,713
cash and cash equivalents
cash	143,223	-496,225	-668,705	-76,939	674,535	547,844	-473,116	4,900	227,663	-305,938	86,030	-204,910	261,658	-460,773	885,037
overdraft	0	0	0	0	-15,681	15,681	0	0	0	0	0	0	0	0	0
change in cash	143,223	-496,225	-668,705	-76,939	690,216	532,163	-473,116	4,900	227,663	-305,938	86,030	-204,910	261,658	-460,773	885,037

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for towns hotels limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in BN21 area or any other competitors across 12 key performance metrics.

TOWNS HOTELS LIMITED group structure

Towns Hotels Limited has no subsidiary companies.

Ultimate parent company

TOWNS HOTELS LIMITED

02134442

TOWNS HOTELS LIMITED Shareholders

martin keith towns

100%

Towns Hotels Limited currently has 1 director, Mr Martin Towns serving since Nov 2012.

officer	country	age	start	end	role
Mr Martin Towns	United Kingdom	57 years	Nov 2012	-	Director

P&L

September 2023

turnover

425.4k

+10%

operating profit

-26.2k

gross margin

69.3%

+3.01%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

1.6m

-0.02%

total assets

2.6m

+0.04%

cash

144.3k

+134.99%

net assets

Total assets minus all liabilities

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company number

02134442

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

May 1987

ultimate parent company

None

previous names

N/A

address

30-32 gildredge road, eastbourne, east sussex, BN21 4SH

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 did not find charges/mortgages relating to towns hotels limited.

towns hotels limited Company Information

towns hotels limited Estimated Valuation

towns hotels limited Estimated Valuation

towns hotels limited Estimated Valuation

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TOWNS HOTELS LIMITED financials

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towns hotels limited Ownership

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