bestissue limited
bestissue limited Company Information
Company Number
02948391
Next Accounts
Apr 2025
Shareholders
centre island hotels ltd
Group Structure
View All
Industry
Hotels and similar accommodation
Registered Address
rsm restructuring advisory llp, 9th floor, manchester, M3 3HF
Website
-bestissue limited Estimated Valuation
Pomanda estimates the enterprise value of BESTISSUE LIMITED at £566.1k based on a Turnover of £406.7k and 1.39x industry multiple (adjusted for size and gross margin).
bestissue limited Estimated Valuation
Pomanda estimates the enterprise value of BESTISSUE LIMITED at £0 based on an EBITDA of £-118k and a 5.57x industry multiple (adjusted for size and gross margin).
bestissue limited Estimated Valuation
Pomanda estimates the enterprise value of BESTISSUE LIMITED at £0 based on Net Assets of £-3.2m and 2.09x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Bestissue Limited Overview
Bestissue Limited is a dissolved company that was located in manchester, M3 3HF with a Companies House number of 02948391. It operated in the hotels and similar accommodation sector, SIC Code 55100. Founded in July 1994, it's largest shareholder was centre island hotels ltd with a 100% stake. The last turnover for Bestissue Limited was estimated at £406.7k.
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Bestissue Limited Health Check
Pomanda's financial health check has awarded Bestissue Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 9 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
9 Weak
Size
annual sales of £406.7k, make it smaller than the average company (£4.8m)
£406.7k - Bestissue Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (3.4%)
-14% - Bestissue Limited
3.4% - Industry AVG
Production
with a gross margin of 99.8%, this company has a lower cost of product (61.4%)
99.8% - Bestissue Limited
61.4% - Industry AVG
Profitability
an operating margin of -58% make it less profitable than the average company (7.9%)
-58% - Bestissue Limited
7.9% - Industry AVG
Employees
with 15 employees, this is below the industry average (88)
15 - Bestissue Limited
88 - Industry AVG
Pay Structure
on an average salary of £12.1k, the company has a lower pay structure (£19.1k)
£12.1k - Bestissue Limited
£19.1k - Industry AVG
Efficiency
resulting in sales per employee of £27.1k, this is less efficient (£59.7k)
£27.1k - Bestissue Limited
£59.7k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is later than average (10 days)
12 days - Bestissue Limited
10 days - Industry AVG
Creditor Days
its suppliers are paid after 25182 days, this is slower than average (44 days)
25182 days - Bestissue Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 524 days, this is more than average (8 days)
524 days - Bestissue Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)
0 weeks - Bestissue Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 962.9%, this is a higher level of debt than the average (72.2%)
962.9% - Bestissue Limited
72.2% - Industry AVG
BESTISSUE LIMITED financials
Bestissue Limited's latest turnover from December 2018 is £406.7 thousand and the company has net assets of -£3.2 million. According to their latest financial statements, Bestissue Limited has 15 employees and maintains cash reserves of £24.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 406,655 | 482,766 | 662,164 | 647,665 | 695,717 | 1,007,525 | 1,179,265 | 1,147,717 | 1,062,784 | 933,586 |
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 1,000 | 1,998 | 5,721 | 4,579 | 24,492 | 107,606 | 170,367 | 149,209 | 185,475 | 126,204 |
| Gross Profit | 405,655 | 480,768 | 656,443 | 643,086 | 671,225 | 899,919 | 1,008,898 | 998,508 | 877,309 | 807,382 |
| Admin Expenses | 641,481 | 623,942 | 710,587 | 1,619,599 | 757,014 | 980,434 | 1,092,371 | 1,081,958 | 1,124,484 | 1,086,408 |
| Operating Profit | -235,826 | -143,174 | -54,144 | -976,513 | -85,789 | -80,515 | -83,473 | -83,450 | -247,175 | -279,026 |
| Interest Payable | 2,042 | 5,305 | 8,124 | 10,653 | 13,053 | 15,316 | 18,649 | 20,157 | 43,116 | |
| Interest Receivable | 372 | |||||||||
| Pre-Tax Profit | -235,826 | -144,844 | -59,449 | -984,637 | -96,442 | -93,568 | -98,789 | -102,099 | -267,332 | -322,142 |
| Tax | 24,811 | 7,552 | -27,632 | -21,748 | -23,055 | -28,648 | 3,683 | 9,073 | 67,646 | 159,934 |
| Profit After Tax | -211,015 | -137,292 | -87,081 | -1,006,385 | -119,497 | -122,216 | -95,106 | -93,026 | -199,686 | -162,208 |
| Dividends Paid | ||||||||||
| Retained Profit | -211,015 | -137,292 | -87,081 | -1,006,385 | -119,497 | -122,216 | -95,106 | -93,026 | -199,686 | -162,208 |
| Employee Costs | 180,937 | 178,165 | 163,098 | 145,317 | 133,472 | |||||
| Number Of Employees | 15 | 18 | 14 | 9 | 9 | |||||
| EBITDA* | -118,035 | -25,439 | 156,821 | -672,884 | 151,737 | 153,491 | 149,167 | 147,661 | -36,546 | -19,535 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 202,890 | 320,681 | 431,536 | 628,351 | 1,738,417 | 1,961,689 | 2,186,099 | 2,407,993 | 2,605,244 | 2,811,933 |
| Intangible Assets | ||||||||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 202,890 | 320,681 | 431,536 | 628,351 | 1,738,417 | 1,961,689 | 2,186,099 | 2,407,993 | 2,605,244 | 2,811,933 |
| Stock & work in progress | 1,436 | 1,126 | 1,419 | 1,300 | 1,048 | 7,197 | 15,382 | 11,921 | 14,705 | 13,615 |
| Trade Debtors | 14,139 | 800 | 6,056 | 12,584 | 18,040 | 5,366 | 17,177 | |||
| Group Debtors | 26,957 | 126,063 | 114,648 | 114,612 | 316,612 | 611,112 | 114,237 | 90,261 | 53,781 | 94,027 |
| Misc Debtors | 106,014 | 127,526 | 76,776 | 70,891 | 105,408 | 105,038 | 370,323 | 154,793 | 73,273 | 60,997 |
| Cash | 24,581 | 325,188 | 656,739 | 682,216 | 388,061 | 650 | 1,450 | 1,450 | 1,650 | 2,632 |
| misc current assets | ||||||||||
| total current assets | 173,127 | 580,703 | 849,582 | 869,019 | 811,129 | 730,053 | 513,976 | 276,465 | 148,775 | 188,448 |
| total assets | 376,017 | 901,384 | 1,281,118 | 1,497,370 | 2,549,546 | 2,691,742 | 2,700,075 | 2,684,458 | 2,754,019 | 3,000,381 |
| Bank overdraft | 107,712 | 107,712 | 699,397 | 486,714 | 182,673 | 3,208,965 | 3,160,210 | |||
| Bank loan | 107,712 | |||||||||
| Trade Creditors | 68,993 | 30,459 | 24,615 | 12,901 | 13,219 | 85,664 | 75,489 | 145,215 | 87,555 | 86,432 |
| Group/Directors Accounts | 3,510,000 | 3,863,584 | 3,863,584 | 3,863,584 | 3,863,584 | 3,100,000 | 3,100,000 | 3,100,000 | 604 | |
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 41,551 | 40,853 | 109,058 | 132,997 | 64,354 | 74,939 | 74,754 | 99,270 | 94,340 | 72,606 |
| total current liabilities | 3,620,544 | 3,934,896 | 4,104,969 | 4,117,194 | 4,048,869 | 3,960,000 | 3,736,957 | 3,527,158 | 3,391,464 | 3,319,248 |
| loans | 72,369 | 189,315 | 303,431 | 414,999 | 524,159 | 623,235 | 735,464 | 838,484 | ||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | ||||||||||
| provisions | 15,872 | |||||||||
| total long term liabilities | 72,369 | 189,315 | 303,431 | 414,999 | 524,159 | 623,235 | 735,464 | 854,356 | ||
| total liabilities | 3,620,544 | 3,934,896 | 4,177,338 | 4,306,509 | 4,352,300 | 4,374,999 | 4,261,116 | 4,150,393 | 4,126,928 | 4,173,604 |
| net assets | -3,244,527 | -3,033,512 | -2,896,220 | -2,809,139 | -1,802,754 | -1,683,257 | -1,561,041 | -1,465,935 | -1,372,909 | -1,173,223 |
| total shareholders funds | -3,244,527 | -3,033,512 | -2,896,220 | -2,809,139 | -1,802,754 | -1,683,257 | -1,561,041 | -1,465,935 | -1,372,909 | -1,173,223 |
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -235,826 | -143,174 | -54,144 | -976,513 | -85,789 | -80,515 | -83,473 | -83,450 | -247,175 | -279,026 |
| Depreciation | 117,791 | 117,735 | 210,965 | 303,629 | 237,526 | 234,006 | 232,640 | 231,111 | 210,629 | 259,491 |
| Amortisation | ||||||||||
| Tax | 24,811 | 7,552 | -27,632 | -21,748 | -23,055 | -28,648 | 3,683 | 9,073 | 67,646 | 159,934 |
| Stock | 310 | -293 | 119 | 252 | -6,149 | -8,185 | 3,461 | -2,784 | 1,090 | 13,615 |
| Debtors | -107,279 | 62,965 | 5,921 | -236,517 | -300,186 | 225,062 | 234,050 | 130,674 | -39,781 | 172,201 |
| Creditors | 38,534 | 5,844 | 11,714 | -318 | -72,445 | 10,175 | -69,726 | 57,660 | 1,123 | 86,432 |
| Accruals and Deferred Income | 698 | -68,205 | -23,939 | 68,643 | -10,585 | 185 | -24,516 | 4,930 | 21,734 | 72,606 |
| Deferred Taxes & Provisions | -15,872 | 15,872 | ||||||||
| Cash flow from operations | 52,977 | -142,920 | 110,924 | -390,042 | 351,987 | -81,674 | -178,903 | 91,434 | 76,776 | 129,493 |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | -107,712 | 107,712 | ||||||||
| Group/Directors Accounts | -353,584 | 763,584 | 3,099,396 | 604 | ||||||
| Other Short Term Loans | ||||||||||
| Long term loans | -72,369 | -116,946 | -114,116 | -111,568 | -109,160 | -99,076 | -112,229 | -103,020 | 838,484 | |
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | -1,670 | -5,305 | -8,124 | -10,653 | -13,053 | -15,316 | -18,649 | -20,157 | -43,116 | |
| cash flow from financing | -353,584 | -181,751 | -14,539 | -122,240 | 641,363 | -122,213 | -114,392 | 2,968,518 | -122,573 | -215,647 |
| cash and cash equivalents | ||||||||||
| cash | -300,607 | -331,551 | -25,477 | 294,155 | 387,411 | -800 | -200 | -982 | 2,632 | |
| overdraft | -107,712 | -591,685 | 212,683 | 304,041 | -3,026,292 | 48,755 | 3,160,210 | |||
| change in cash | -300,607 | -331,551 | 82,235 | 294,155 | 979,096 | -213,483 | -304,041 | 3,026,092 | -49,737 | -3,157,578 |
bestissue limited Credit Report and Business Information
Bestissue Limited Competitor Analysis
Perform a competitor analysis for bestissue limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in M 3 area or any other competitors across 12 key performance metrics.
bestissue limited Ownership
BESTISSUE LIMITED group structure
Bestissue Limited has no subsidiary companies.
Ultimate parent company
TRAVAN SERVICES LTD
#0032639
2 parents
BESTISSUE LIMITED
02948391
bestissue limited directors
Bestissue Limited currently has 3 directors. The longest serving directors include Mr Michael O'Donoghue (Jun 2004) and Mr Mark Foster (Oct 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael O'Donoghue | England | 72 years | Jun 2004 | - | Director |
| Mr Mark Foster | England | 61 years | Oct 2011 | - | Director |
| Mr Mark Sutton | England | 53 years | Aug 2014 | - | Director |
P&L
December 2018turnover
406.7k
-16%
operating profit
-235.8k
+65%
gross margin
99.8%
+0.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
-3.2m
+0.07%
total assets
376k
-0.58%
cash
24.6k
-0.92%
net assets
Total assets minus all liabilities
bestissue limited company details
company number
02948391
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
July 1994
age
31
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2018
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
rsm restructuring advisory llp, 9th floor, manchester, M3 3HF
Bank
ALLIED IRISH BANK
Legal Advisor
-
bestissue 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 4 charges/mortgages relating to bestissue limited. Currently there are 0 open charges and 4 have been satisfied in the past.
bestissue limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for BESTISSUE LIMITED. This can take several minutes, an email will notify you when this has completed.
bestissue limited Companies House Filings - See Documents
| date | description | view/download |
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