Mermaid Inn Limited

POWER SEARCH PRICING

SOLUTIONS

mermaid inn limited Company Information

Live

MatureSmallLow

Company Number

02816575

Website

www.mermaidinn.com

Registered Address

the mermaid inn, mermaid street, rye, east sussex, TN31 7EU

Industry

Hotels and similar accommodation

Telephone

01797223065

Next Accounts Due

March 2025

Group Structure

View All

Directors

Edward Campbell Salmon31 Years

Anthony Adlington31 Years

View All

Shareholders

a.p. adlington 25%

j. blincow 25%

View All

mermaid inn limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of MERMAID INN LIMITED at £3m based on a Turnover of £2.5m and 1.2x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Mermaid Inn Limited is a live company located in rye, TN31 7EU with a Companies House number of 02816575. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in May 1993, it's largest shareholder is a.p. adlington with a 25% stake. Mermaid Inn Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with low growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Mermaid Inn Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £2.5m, make it smaller than the average company (£5m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (2.6%)

EXPORT

Mermaid Inn Limited's latest turnover from June 2023 is estimated at £2.5 million and the company has net assets of £756.8 thousand. According to their latest financial statements, Mermaid Inn Limited has 60 employees and maintains cash reserves of £16 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	2,519,772	1,584,835	773,982	2,257,612	1,921,107	1,629,742	1,371,355	1,481,803	3,253,492	3,026,821	3,085,905	3,037,528	2,833,682	2,922,516
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	956,329	657,094	422,798	911,775	758,530	634,633	537,735	557,736	1,230,140	1,181,208	1,200,101	1,184,588	1,107,683	1,104,627
Gross Profit	1,563,444	927,741	351,183	1,345,837	1,162,577	995,108	833,619	924,067	2,023,352	1,845,613	1,885,804	1,852,939	1,725,999	1,817,889
Admin Expenses	1,743,077	699,712	56,298	1,374,510	1,167,907	1,022,274	837,985	980,698	2,036,491	1,925,561	1,946,839	1,896,538	1,729,846	533,911
Operating Profit	-179,633	228,029	294,885	-28,673	-5,330	-27,166	-4,366	-56,631	-13,139	-79,948	-61,035	-43,599	-3,847	1,283,978
Interest Payable	3,829	9,659	14,568	14,380	17,079	17,676	17,011	9,292	0	0	0	0	0	0
Interest Receivable	7,328	3,295	127	14	114	40	16	23	23	23	22	22	20	10
Pre-Tax Profit	-176,134	221,665	280,444	-43,039	-22,295	-44,803	-21,361	-65,900	-13,116	-79,925	-61,013	-43,577	-3,827	1,283,988
Tax	0	-42,116	-53,284	0	0	0	0	0	0	0	0	0	0	-359,516
Profit After Tax	-176,134	179,549	227,160	-43,039	-22,295	-44,803	-21,361	-65,900	-13,116	-79,925	-61,013	-43,577	-3,827	924,471
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-176,134	179,549	227,160	-43,039	-22,295	-44,803	-21,361	-65,900	-13,116	-79,925	-61,013	-43,577	-3,827	924,471
Employee Costs	1,346,568	1,108,342	884,314	931,161	895,419	800,055	701,459	484,076	1,070,507	989,903	1,021,094	1,013,838	955,592	973,921
Number Of Employees	60	54	48	48	47	44	40	28	65	63	66	66	62	65
EBITDA*	-101,457	299,926	371,211	67,070	92,574	73,566	99,966	44,566	82,537	-13,997	12,294	24,625	50,372	1,344,181

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	1,025,328	1,050,424	1,078,236	1,111,667	1,144,858	1,186,697	1,226,169	1,245,461	1,220,669	1,194,212	1,186,122	1,165,977	1,159,459	1,119,321
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,025,328	1,050,424	1,078,236	1,111,667	1,144,858	1,186,697	1,226,169	1,245,461	1,220,669	1,194,212	1,186,122	1,165,977	1,159,459	1,119,321
Stock & work in progress	46,099	34,912	28,278	30,013	44,213	48,091	51,180	49,474	46,333	48,967	49,592	50,810	50,250	48,391
Trade Debtors	21,993	6,751	2,350	0	31,147	23,801	15,457	48,282	117,327	110,970	115,367	113,563	106,569	110,572
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	43,833	53,840	31,646	10,020	54,729	53,372	52,846	47,985	0	0	0	0	0	0
Cash	15,955	277,183	250,084	4,780	22,603	7,879	7,978	4,615	4,615	4,615	4,615	4,315	4,315	3,865
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	127,880	372,686	312,358	44,813	152,692	133,143	127,461	150,356	168,275	164,552	169,574	168,688	161,134	162,828
total assets	1,153,208	1,423,110	1,390,594	1,156,480	1,297,550	1,319,840	1,353,630	1,395,817	1,388,944	1,358,764	1,355,696	1,334,665	1,320,593	1,282,149
Bank overdraft	10,016	9,768	31,912	24,132	20,413	64,833	258,444	285,913	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	146,899	127,431	81,399	33,119	151,539	159,966	172,156	116,590	563,205	524,721	422,567	415,047	359,412	330,533
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	2,860	2,100
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	9,581	16,673	16,661	15,411	14,162	0	0	0	0	0	0
other current liabilities	170,235	272,798	276,585	287,947	280,674	185,681	170,434	202,370	0	0	0	0	0	0
total current liabilities	327,150	409,997	389,896	354,779	469,299	427,141	616,445	619,035	563,205	524,721	422,567	415,047	362,272	332,633
loans	19,910	29,925	194,861	226,749	200,185	220,611	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	5,685	22,358	39,019	54,430	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	47,021	45,474	70,239	0	0	0
provisions	49,358	50,264	52,462	48,937	53,327	58,381	62,014	64,839	55,305	52,040	46,436	42,151	37,277	24,645
total long term liabilities	69,268	80,189	247,323	275,686	259,197	301,350	101,033	119,269	102,326	97,514	116,675	42,151	37,277	24,645
total liabilities	396,418	490,186	637,219	630,465	728,496	728,491	717,478	738,304	665,531	622,235	539,242	457,198	399,549	357,278
net assets	756,790	932,924	753,375	526,015	569,054	591,349	636,152	657,513	723,413	736,529	816,454	877,467	921,044	924,871
total shareholders funds	756,790	932,924	753,375	526,015	569,054	591,349	636,152	657,513	723,413	736,529	816,454	877,467	921,044	924,871

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-179,633	228,029	294,885	-28,673	-5,330	-27,166	-4,366	-56,631	-13,139	-79,948	-61,035	-43,599	-3,847	1,283,978
Depreciation	78,176	71,897	76,326	95,743	97,904	100,732	104,332	101,197	95,676	65,951	73,329	68,224	54,219	60,203
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-42,116	-53,284	0	0	0	0	0	0	0	0	0	0	-359,516
Stock	11,187	6,634	-1,735	-14,200	-3,878	-3,089	1,706	3,141	-2,634	-625	-1,218	560	1,859	48,391
Debtors	5,235	26,595	23,976	-75,856	8,703	8,870	-27,964	-21,060	6,357	-4,397	1,804	6,994	-4,003	110,572
Creditors	19,468	46,032	48,280	-118,420	-8,427	-12,190	55,566	-446,615	38,484	102,154	7,520	55,635	28,879	330,533
Accruals and Deferred Income	-102,563	-3,787	-11,362	7,273	94,993	15,247	-31,936	202,370	0	0	0	0	0	0
Deferred Taxes & Provisions	-906	-2,198	3,525	-4,390	-5,054	-3,633	-2,825	9,534	3,265	5,604	4,285	4,874	12,632	24,645
Cash flow from operations	-201,880	264,628	336,129	41,589	169,261	67,209	147,029	-172,226	120,563	98,783	23,513	77,580	94,027	1,180,880
Investing Activities
capital expenditure	-53,080	-44,085	-42,895	-62,552	-56,065	-61,260	-85,040	-125,989	-122,133	-74,041	-93,474	-74,742	-94,357	-1,179,524
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-53,080	-44,085	-42,895	-62,552	-56,065	-61,260	-85,040	-125,989	-122,133	-74,041	-93,474	-74,742	-94,357	-1,179,524
Financing Activities
Bank loans	0	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	-2,860	760	2,100
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,015	-164,936	-31,888	26,564	-20,426	220,611	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-9,581	-12,777	-16,661	-15,411	-14,162	68,592	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-47,021	1,547	-24,765	70,239	0	0	0
share issue	0	0	200	0	0	0	0	0	0	0	0	0	0	400
interest	3,499	-6,364	-14,441	-14,366	-16,965	-17,636	-16,995	-9,269	23	23	22	22	20	10
cash flow from financing	-6,516	-171,300	-55,710	-579	-54,052	187,564	-31,157	12,302	1,570	-24,742	70,261	-2,838	780	2,510
cash and cash equivalents
cash	-261,228	27,099	245,304	-17,823	14,724	-99	3,363	0	0	0	300	0	450	3,865
overdraft	248	-22,144	7,780	3,719	-44,420	-193,611	-27,469	285,913	0	0	0	0	0	0
change in cash	-261,476	49,243	237,524	-21,542	59,144	193,512	30,832	-285,913	0	0	300	0	450	3,865

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for mermaid inn limited. Get real-time insights into mermaid inn limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for mermaid inn limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

MERMAID INN LIMITED group structure

Mermaid Inn Limited has no subsidiary companies.

Ultimate parent company

MERMAID INN LIMITED

02816575

MERMAID INN LIMITED Shareholders

a.p. adlington	25%
j. blincow	25%
e. campbell-salmon	25%
georgina kite	25%

Mermaid Inn Limited currently has 4 directors. The longest serving directors include Mr Edward Campbell Salmon (May 1993) and Mr Anthony Adlington (May 1993).

officer	country	age	start	end	role
Mr Edward Campbell Salmon	England	74 years	May 1993	-	Director
Mr Anthony Adlington		75 years	May 1993	-	Director
Mrs Judith Blincow		59 years	May 1993	-	Director
Mrs Georgina Kite		46 years	Sep 2012	-	Director

P&L

June 2023

turnover

2.5m

+59%

operating profit

-179.6k

gross margin

62.1%

+5.99%

turnover

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

Balance Sheet

June 2023

net assets

756.8k

-0.19%

total assets

1.2m

-0.19%

cash

16k

-0.94%

net assets

Total assets minus all liabilities

Similar Companies

Agree?

majan international limited

crestside properties limited

phillipa b&b limited

hi (hemel hempstead) limited

yotel management company limited

company number

02816575

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

May 1993

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

travelprice company limited (October 1993)

incorporated

address

the mermaid inn, mermaid street, rye, east sussex, TN31 7EU

last accounts submitted

June 2023

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 5 charges/mortgages relating to mermaid inn limited. Currently there are 4 open charges and 1 have been satisfied in the past.

mermaid inn limited Company Information

mermaid inn limited Estimated Valuation

mermaid inn limited Estimated Valuation

mermaid inn limited Estimated Valuation

Mermaid Inn Limited Overview

Mermaid Inn Limited Health Check

MERMAID INN LIMITED financials

mermaid inn limited Credit Report and Business Information

Mermaid Inn Limited Competitor Analysis

mermaid inn limited Ownership

mermaid inn limited directors

mermaid inn limited company details

mermaid inn limited Charges & Mortgages

mermaid inn limited Companies House Filings - See Documents