Bluechip Hotels Limited

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bluechip hotels limited Company Information

Company Number

02841570

Next Accounts

Dec 2025

Directors

Seamus Redmond

Amanda Redmond

Shareholders

seamus redmond

amanda redmond

Group Structure

View All

Industry

Hotels and similar accommodation

Registered Address

glendorgal hotel, lusty glaze road, newquay, cornwall, TR7 3AD

Website

bluechip hotels limited Estimated Valuation

£5.6m

Pomanda estimates the enterprise value of BLUECHIP HOTELS LIMITED at £5.6m based on a Turnover of £5.4m and 1.04x industry multiple (adjusted for size and gross margin).

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Bluechip Hotels Limited is a live company located in newquay, TR7 3AD with a Companies House number of 02841570. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in August 1993, it's largest shareholder is seamus redmond with a 50% stake. Bluechip Hotels Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.4m with high growth in recent years.

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Pomanda's financial health check has awarded Bluechip Hotels Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £5.4m, make it in line with the average company (£5.3m)

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a slower rate (31.4%)

EXPORT

Bluechip Hotels Limited's latest turnover from March 2024 is estimated at £5.4 million and the company has net assets of £1.3 million. According to their latest financial statements, Bluechip Hotels Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	5,422,929	2,556,047	2,078,122	2,966,387	2,917,430	694,017	517,451	5,755,193	5,143,869	4,592,608	4,418,002	4,654,990	3,465,058	4,080,531	3,988,893
Other Income Or Grants
Cost Of Sales	3,018,258	1,423,791	1,349,818	2,282,798	1,675,142	72,528	80,435	3,218,416	2,917,038	2,576,639	2,576,518	2,757,560	2,044,431	2,332,410	2,265,288
Gross Profit	2,404,671	1,132,256	728,304	683,589	1,242,287	621,489	437,016	2,536,777	2,226,831	2,015,970	1,841,484	1,897,430	1,420,626	1,748,121	1,723,605
Admin Expenses	2,431,888	1,185,010	671,806	784,309	1,247,898	387,549	-148,229	2,496,168	2,299,173	2,077,851	1,821,883	1,856,956	1,339,781	1,635,275	1,837,260
Operating Profit	-27,217	-52,754	56,498	-100,720	-5,611	233,940	585,245	40,609	-72,342	-61,881	19,601	40,474	80,845	112,846	-113,655
Interest Payable						87,672	82,867
Interest Receivable								28				13	32	21	2
Pre-Tax Profit	-27,217	-52,754	56,498	-100,720	-5,611	146,268	502,378	40,636	-72,342	-61,881	19,601	40,487	80,877	112,867	-113,653
Tax			-10,735					-8,127			-4,508	-9,717	-21,028	-31,603
Profit After Tax	-27,217	-52,754	45,763	-100,720	-5,611	146,268	502,378	32,509	-72,342	-61,881	15,093	30,770	59,849	81,264	-113,653
Dividends Paid
Retained Profit	-27,217	-52,754	45,763	-100,720	-5,611	146,268	502,378	32,509	-72,342	-61,881	15,093	30,770	59,849	81,264	-113,653
Employee Costs	46,980	133,422	159,174	56,369	96,568	130,924	125,080	1,164,149	1,055,017	959,380	908,630	969,535	729,014	888,224	834,725
Number Of Employees	2	6	8	3	5	7	7	68	63	60	59	64	48	58	56
EBITDA*	-27,217	-52,754	56,498	-100,720	-5,611	254,337	609,332	69,404	-39,444	-23,568	62,184	89,964	136,386	169,130	-53,274

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,569,691	1,824,019	2,096,150	2,108,566	2,123,212	2,133,447	2,153,844	2,167,589	2,194,621	2,217,670	2,721,626	3,550,497	3,738,063	3,719,038	3,720,591
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	1,569,691	1,824,019	2,096,150	2,108,566	2,123,212	2,133,447	2,153,844	2,167,589	2,194,621	2,217,670	2,721,626	3,550,497	3,738,063	3,719,038	3,720,591
Stock & work in progress							20,520	20,520	10,260	10,260	10,260	13,014	10,350	11,794	11,563
Trade Debtors	513,250	298,129	298,129	298,129	298,129	345,801	15,577	320,244	281,432	280,086	262,462	262,792	192,359	246,272	237,224
Group Debtors
Misc Debtors						6,164	306,987
Cash							28,132	22,151					5,194	7,625	658
misc current assets
total current assets	513,250	298,129	298,129	298,129	298,129	351,965	371,216	362,915	291,692	290,346	272,722	275,806	207,903	265,691	249,445
total assets	2,082,941	2,122,148	2,394,279	2,406,695	2,421,341	2,485,412	2,525,060	2,530,504	2,486,313	2,508,016	2,994,348	3,826,303	3,945,966	3,984,729	3,970,036
Bank overdraft							809,406
Bank loan
Trade Creditors	796,829	808,819	1,028,196	1,036,375	1,000,301	1,044,953	73,737	1,752,499	1,740,817	1,687,346	2,114,629	2,961,677	3,112,110	3,210,722
Group/Directors Accounts							297,066
other short term finances
hp & lease commitments
other current liabilities							64,468
total current liabilities	796,829	808,819	1,028,196	1,036,375	1,000,301	1,044,953	1,244,677	1,752,499	1,740,817	1,687,346	2,114,629	2,961,677	3,112,110	3,210,722
loans
hp & lease commitments
Accruals and Deferred Income						13,808
other liabilities				50,000						2,832					3,277,293
provisions
total long term liabilities				50,000		13,808				2,832					3,277,293
total liabilities	796,829	808,819	1,028,196	1,086,375	1,000,301	1,058,761	1,244,677	1,752,499	1,740,817	1,690,178	2,114,629	2,961,677	3,112,110	3,210,722	3,277,293
net assets	1,286,112	1,313,329	1,366,083	1,320,320	1,421,040	1,426,651	1,280,383	778,005	745,496	817,838	879,719	864,626	833,856	774,007	692,743
total shareholders funds	1,286,112	1,313,329	1,366,083	1,320,320	1,421,040	1,426,651	1,280,383	778,005	745,496	817,838	879,719	864,626	833,856	774,007	692,743

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-27,217	-52,754	56,498	-100,720	-5,611	233,940	585,245	40,609	-72,342	-61,881	19,601	40,474	80,845	112,846	-113,655
Depreciation						20,397	24,087	28,795	32,898	38,313	42,583	49,490	55,541	56,284	60,381
Amortisation
Tax			-10,735					-8,127			-4,508	-9,717	-21,028	-31,603
Stock						-20,520		10,260			-2,754	2,664	-1,444	231	11,563
Debtors	215,121				-53,836	29,401	2,320	38,812	1,346	17,624	-330	70,433	-53,913	9,048	237,224
Creditors	-11,990	-219,377	-8,179	36,074	-44,652	971,216	-1,678,762	11,682	53,471	-427,283	-847,048	-150,433	-98,612	3,210,722
Accruals and Deferred Income					-13,808	-50,660	64,468
Deferred Taxes & Provisions
Cash flow from operations	-254,328	-272,131	37,584	-64,646	-10,235	1,166,012	-1,007,282	23,887	12,681	-468,475	-786,288	-143,283	72,103	3,338,970	-302,061
Investing Activities
capital expenditure	254,328	272,131	12,416	14,646	10,235		-10,342	-1,763	-9,849	465,643	786,288	138,076	-74,566	-54,731	-3,780,972
Change in Investments
cash flow from investments	254,328	272,131	12,416	14,646	10,235		-10,342	-1,763	-9,849	465,643	786,288	138,076	-74,566	-54,731	-3,780,972
Financing Activities
Bank loans
Group/Directors Accounts						-297,066	297,066
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities			-50,000	50,000					-2,832	2,832				-3,277,293	3,277,293
share issue															806,396
interest						-87,672	-82,867	28				13	32	21	2
cash flow from financing			-50,000	50,000		-384,738	214,199	28	-2,832	2,832		13	32	-3,277,272	4,083,691
cash and cash equivalents
cash						-28,132	5,981	22,151				-5,194	-2,431	6,967	658
overdraft						-809,406	809,406
change in cash						781,274	-803,425	22,151				-5,194	-2,431	6,967	658

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BLUECHIP HOTELS LIMITED group structure

Bluechip Hotels Limited has no subsidiary companies.

Ultimate parent company

BLUECHIP HOTELS LIMITED

02841570

BLUECHIP HOTELS LIMITED Shareholders

seamus redmond	50%
amanda redmond	50%

Bluechip Hotels Limited currently has 2 directors. The longest serving directors include Mr Seamus Redmond (Jul 2006) and Ms Amanda Redmond (Jan 2010).

officer	country	age	start	end	role
Mr Seamus Redmond		73 years	Jul 2006	-	Director
Ms Amanda Redmond		55 years	Jan 2010	-	Director

P&L

March 2024

turnover

5.4m

+112%

operating profit

-27.2k

gross margin

44.4%

+0.1%

turnover

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

Balance Sheet

March 2024

net assets

1.3m

-0.02%

total assets

2.1m

-0.02%

cash

net assets

Total assets minus all liabilities

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company number

02841570

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

August 1993

ultimate parent company

None

previous names

N/A

address

glendorgal hotel, lusty glaze road, newquay, cornwall, TR7 3AD

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 10 charges/mortgages relating to bluechip hotels limited. Currently there are 3 open charges and 7 have been satisfied in the past.

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bluechip hotels limited Company Information

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bluechip hotels limited Estimated Valuation

bluechip hotels limited Estimated Valuation

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