havana holdings (uk) limited
havana holdings (uk) limited Company Information
Company Number
03513344
Website
www.havana-holdings.comRegistered Address
30 portman square, london, W1A 4ZX
Industry
Hotels and similar accommodation
Telephone
-
Next Accounts Due
33 days late
Group Structure
View All
Shareholders
constellation hotels holding ltd sca 100%
havana holdings (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of HAVANA HOLDINGS (UK) LIMITED at £115.4m based on a Turnover of £48.7m and 2.37x industry multiple (adjusted for size and gross margin).
havana holdings (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of HAVANA HOLDINGS (UK) LIMITED at £185m based on an EBITDA of £18.9m and a 9.79x industry multiple (adjusted for size and gross margin).
havana holdings (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of HAVANA HOLDINGS (UK) LIMITED at £414.7m based on Net Assets of £211.4m and 1.96x industry multiple (adjusted for liquidity).
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Havana Holdings (uk) Limited Overview
Havana Holdings (uk) Limited is a live company located in london, W1A 4ZX with a Companies House number of 03513344. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in February 1998, it's largest shareholder is constellation hotels holding ltd sca with a 100% stake. Havana Holdings (uk) Limited is a mature, large sized company, Pomanda has estimated its turnover at £48.7m with declining growth in recent years.
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Havana Holdings (uk) Limited Health Check
Pomanda's financial health check has awarded Havana Holdings (Uk) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £48.7m, make it larger than the average company (£3.9m)
£48.7m - Havana Holdings (uk) Limited
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a faster rate (-2.9%)
- Havana Holdings (uk) Limited
-2.9% - Industry AVG
Production
with a gross margin of 60.6%, this company has a comparable cost of product (60.6%)
60.6% - Havana Holdings (uk) Limited
60.6% - Industry AVG
Profitability
an operating margin of 28.7% make it more profitable than the average company (7.6%)
28.7% - Havana Holdings (uk) Limited
7.6% - Industry AVG
Employees
with 281 employees, this is above the industry average (68)
281 - Havana Holdings (uk) Limited
68 - Industry AVG
Pay Structure
on an average salary of £42.8k, the company has a higher pay structure (£22.2k)
£42.8k - Havana Holdings (uk) Limited
£22.2k - Industry AVG
Efficiency
resulting in sales per employee of £173.3k, this is more efficient (£64.5k)
£173.3k - Havana Holdings (uk) Limited
£64.5k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is later than average (10 days)
61 days - Havana Holdings (uk) Limited
10 days - Industry AVG
Creditor Days
its suppliers are paid after 49 days, this is close to average (49 days)
49 days - Havana Holdings (uk) Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 9 days, this is in line with average (8 days)
9 days - Havana Holdings (uk) Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (7 weeks)
23 weeks - Havana Holdings (uk) Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 54.6%, this is a lower level of debt than the average (78.8%)
54.6% - Havana Holdings (uk) Limited
78.8% - Industry AVG
HAVANA HOLDINGS (UK) LIMITED financials
Havana Holdings (Uk) Limited's latest turnover from December 2022 is £48.7 million and the company has net assets of £211.4 million. According to their latest financial statements, Havana Holdings (Uk) Limited has 281 employees and maintains cash reserves of £11.3 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 | 48,697,000 | 13,829,000 | 8,098,000 | 49,050,000 | 45,256,000 | 42,840,000 | 37,124,000 | 15,929,000 | 37,015,000 | 40,489,000 | 41,649,000 | 36,728,000 | 36,598,000 | 32,423,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 13,998,000 | -6,804,000 | -14,244,000 | 7,300,000 | 11,634,000 | 4,922,000 | 4,213,000 | -801,000 | 7,569,000 | 7,652,000 | 9,023,000 | 7,150,000 | 8,425,000 | 7,405,000 |
| Interest Payable | 5,932,000 | 3,763,000 | 3,648,000 | 3,795,000 | 6,237,000 | 6,472,000 | 6,822,000 | 5,444,000 | 5,132,000 | 4,558,000 | 3,849,000 | 4,918,000 | 7,310,000 | 7,713,000 |
| Interest Receivable | 50,000 | 2,000 | 448,000 | 43,000 | 28,000 | 37,000 | 102,000 | 104,000 | 180,000 | 1,482,000 | 1,417,000 | 1,462,000 | 1,378,000 | 1,132,000 |
| Pre-Tax Profit | 8,116,000 | -10,565,000 | -17,444,000 | 3,967,000 | 6,545,000 | -83,000 | -4,925,000 | -6,599,000 | 2,829,000 | 4,409,000 | 6,449,000 | 2,335,000 | 2,493,000 | 824,000 |
| Tax | 606,000 | 1,400,000 | 2,710,000 | -305,000 | -1,067,000 | -1,432,000 | 1,023,000 | 2,512,000 | 731,000 | -217,000 | -2,807,000 | -1,612,000 | -1,439,000 | 120,000 |
| Profit After Tax | 8,722,000 | -9,165,000 | -14,734,000 | 3,662,000 | 5,478,000 | -1,515,000 | -3,902,000 | -4,087,000 | 3,560,000 | 4,192,000 | 3,642,000 | 723,000 | 1,054,000 | 944,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 8,722,000 | -9,165,000 | -14,734,000 | 3,662,000 | 5,478,000 | -1,515,000 | -3,902,000 | -4,087,000 | 3,560,000 | 4,192,000 | 3,642,000 | 723,000 | 1,054,000 | 944,000 |
| Employee Costs | 12,025,000 | 7,582,000 | 10,845,000 | 13,894,000 | 13,276,000 | 12,678,000 | 12,414,000 | 11,205,000 | 12,274,000 | 11,897,000 | 11,566,000 | 10,520,000 | 10,365,000 | 9,280,000 |
| Number Of Employees | 281 | 203 | 317 | 399 | 62 | 56 | 5 | 334 | 364 | 342 | 313 | 292 | 289 | 284 |
| EBITDA* | 18,894,000 | 1,423,000 | -7,522,000 | 13,761,000 | 11,634,000 | 12,212,000 | 11,572,000 | 5,764,000 | 13,884,000 | 13,879,000 | 14,655,000 | 12,644,000 | 13,521,000 | 12,104,000 |
* 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 | 412,804,000 | 378,868,000 | 353,011,000 | 150,309,000 | 147,893,000 | 151,077,000 | 155,927,000 | 155,035,000 | 147,210,000 | 153,262,000 | 134,294,000 | 137,141,000 | 139,010,000 | 142,735,000 |
| 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 | 1,057,000 | 727,000 | 611,000 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 3,562,000 | 6,601,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 409,242,000 | 372,267,000 | 353,011,000 | 150,309,000 | 147,893,000 | 151,077,000 | 155,927,000 | 155,035,000 | 147,210,000 | 153,873,000 | 134,294,000 | 137,141,000 | 139,010,000 | 142,735,000 |
| Stock & work in progress | 506,000 | 487,000 | 496,000 | 567,000 | 514,000 | 476,000 | 502,000 | 484,000 | 460,000 | 464,000 | 462,000 | 424,000 | 408,000 | 415,000 |
| Trade Debtors | 8,147,000 | 912,000 | 392,000 | 3,025,000 | 3,089,000 | 2,394,000 | 2,296,000 | 1,431,000 | 957,000 | 2,568,000 | 2,632,000 | 2,166,000 | 2,615,000 | 2,042,000 |
| Group Debtors | 35,108,000 | 16,843,000 | 20,137,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,109,000 | 195,000 | 517,000 | 3,613,000 | 8,937,000 | 8,929,000 | 3,848,000 | 6,547,000 | 3,401,000 | 1,086,000 | 1,263,000 | 1,652,000 | 1,837,000 | 1,810,000 |
| Cash | 11,250,000 | 6,208,000 | 11,719,000 | 19,066,000 | 15,389,000 | 9,537,000 | 17,437,000 | 15,324,000 | 19,501,000 | 15,384,000 | 16,001,000 | 12,089,000 | 14,312,000 | 12,510,000 |
| misc current assets | 0 | 0 | 1,246,000 | 1,707,000 | 0 | 0 | 574,000 | 462,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 56,120,000 | 24,645,000 | 34,507,000 | 27,978,000 | 27,929,000 | 21,336,000 | 24,657,000 | 24,248,000 | 24,319,000 | 19,502,000 | 20,358,000 | 16,331,000 | 19,172,000 | 16,777,000 |
| total assets | 465,362,000 | 396,912,000 | 387,518,000 | 178,287,000 | 175,822,000 | 172,413,000 | 180,584,000 | 179,283,000 | 171,529,000 | 173,375,000 | 154,652,000 | 153,472,000 | 158,182,000 | 159,512,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 108,070,000 | 0 | 0 | 0 | 0 | 3,920,000 | 3,920,000 | 3,180,000 | 3,180,000 | 0 | 3,250,000 |
| Trade Creditors | 2,605,000 | 565,000 | 520,000 | 2,768,000 | 1,539,000 | 1,138,000 | 1,748,000 | 899,000 | 0 | 778,000 | 898,000 | 729,000 | 800,000 | 795,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,777,000 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 45,194,000 | 45,194,000 | 38,513,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 18,000 | 18,000 | 26,000 | 45,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 21,885,000 | 2,994,000 | 4,576,000 | 22,303,000 | 19,078,000 | 15,149,000 | 10,594,000 | 42,010,000 | 4,578,000 | 4,034,000 | 4,749,000 | 4,961,000 | 4,812,000 | 3,479,000 |
| total current liabilities | 24,508,000 | 3,577,000 | 5,122,000 | 133,186,000 | 65,811,000 | 61,481,000 | 50,855,000 | 42,909,000 | 8,498,000 | 11,509,000 | 8,827,000 | 8,870,000 | 5,612,000 | 7,524,000 |
| loans | 309,954,000 | 310,258,000 | 309,572,000 | 12,208,000 | 152,054,000 | 161,832,000 | 198,599,000 | 198,704,000 | 204,177,000 | 122,038,000 | 110,472,000 | 112,461,000 | 118,636,000 | 118,497,000 |
| hp & lease commitments | 5,997,000 | 6,028,000 | 6,080,000 | 6,104,000 | 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 | 591,000 | 2,208,000 | 857,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 148,996,000 | 139,850,000 | 99,864,000 | 31,306,000 | 31,516,000 | 34,544,000 | 35,878,000 | 35,160,000 | 40,126,000 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 229,475,000 | 225,054,000 | 204,718,000 | 22,348,000 | 94,498,000 | 100,110,000 | 118,996,000 | 118,869,000 | 141,726,000 | 122,038,000 | 111,674,000 | 112,625,000 | 119,718,000 | 119,693,000 |
| total liabilities | 253,983,000 | 228,631,000 | 209,840,000 | 155,534,000 | 160,309,000 | 161,591,000 | 169,851,000 | 161,778,000 | 150,224,000 | 133,547,000 | 120,501,000 | 121,495,000 | 125,330,000 | 127,217,000 |
| net assets | 211,379,000 | 168,281,000 | 177,678,000 | 22,753,000 | 15,513,000 | 10,822,000 | 10,733,000 | 17,505,000 | 21,305,000 | 39,828,000 | 34,151,000 | 31,977,000 | 32,852,000 | 32,295,000 |
| total shareholders funds | 211,379,000 | 168,281,000 | 177,678,000 | 22,753,000 | 15,513,000 | 10,822,000 | 10,733,000 | 17,505,000 | 21,305,000 | 39,828,000 | 34,151,000 | 31,977,000 | 32,852,000 | 32,295,000 |
| 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 | 13,998,000 | -6,804,000 | -14,244,000 | 7,300,000 | 11,634,000 | 4,922,000 | 4,213,000 | -801,000 | 7,569,000 | 7,652,000 | 9,023,000 | 7,150,000 | 8,425,000 | 7,405,000 |
| Depreciation | 4,809,000 | 8,019,000 | 6,616,000 | 6,315,000 | 7,290,000 | 7,359,000 | 6,565,000 | 6,315,000 | 6,227,000 | 5,632,000 | 5,494,000 | 5,096,000 | 4,699,000 | |
| Amortisation | 87,000 | 208,000 | 106,000 | 146,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 606,000 | 1,400,000 | 2,710,000 | -305,000 | -1,067,000 | -1,432,000 | 1,023,000 | 2,512,000 | 731,000 | -217,000 | -2,807,000 | -1,612,000 | -1,439,000 | 120,000 |
| Stock | 19,000 | -9,000 | -71,000 | 53,000 | 38,000 | -26,000 | 18,000 | 24,000 | -4,000 | 2,000 | 38,000 | 16,000 | -7,000 | 415,000 |
| Debtors | 23,375,000 | 3,505,000 | 14,408,000 | -5,388,000 | 703,000 | 5,179,000 | -1,834,000 | 3,620,000 | 704,000 | -241,000 | 77,000 | -634,000 | 600,000 | 3,852,000 |
| Creditors | 2,040,000 | 45,000 | -2,248,000 | 1,229,000 | 401,000 | -610,000 | 849,000 | 899,000 | -778,000 | -120,000 | 169,000 | -71,000 | 5,000 | 795,000 |
| Accruals and Deferred Income | 18,891,000 | -1,582,000 | -17,727,000 | 3,225,000 | 3,929,000 | 4,555,000 | -31,416,000 | 37,432,000 | 544,000 | -715,000 | -212,000 | 149,000 | 1,333,000 | 3,479,000 |
| Deferred Taxes & Provisions | 9,146,000 | 39,986,000 | 68,558,000 | -210,000 | -3,028,000 | -1,334,000 | 718,000 | -4,966,000 | 40,126,000 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 26,183,000 | 37,776,000 | 29,434,000 | 23,035,000 | 8,238,000 | -15,438,000 | 37,997,000 | 53,807,000 | 13,066,000 | 11,690,000 | 11,728,000 | 12,827,000 | 12,231,000 | |
| Investing Activities | ||||||||||||||
| capital expenditure | -6,861,000 | -2,927,000 | -4,986,000 | -1,371,000 | -1,046,000 | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -1,057,000 | 330,000 | 116,000 | 611,000 | 0 | 0 | 0 | 0 |
| cash flow from investments | -7,472,000 | -2,927,000 | -4,986,000 | -1,371,000 | -1,046,000 | |||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | -108,070,000 | 108,070,000 | 0 | 0 | 0 | -3,920,000 | 0 | 740,000 | 0 | 3,180,000 | -3,250,000 | 3,250,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,777,000 | 2,777,000 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -45,194,000 | 0 | 6,681,000 | 38,513,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -304,000 | 686,000 | 297,364,000 | -139,846,000 | -9,778,000 | -36,767,000 | -105,000 | -5,473,000 | 82,139,000 | 11,566,000 | -1,989,000 | -6,175,000 | 139,000 | 118,497,000 |
| Hire Purchase and Lease Commitments | -31,000 | -60,000 | -43,000 | 6,149,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -591,000 | -1,617,000 | 1,351,000 | 857,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -5,882,000 | -3,761,000 | -3,200,000 | -3,752,000 | -6,209,000 | -6,435,000 | -6,720,000 | -5,340,000 | -4,952,000 | -3,076,000 | -2,432,000 | -3,456,000 | -5,932,000 | -6,581,000 |
| cash flow from financing | 28,159,000 | -3,367,000 | 355,119,000 | -72,612,000 | -15,423,000 | -34,060,000 | 28,818,000 | -14,446,000 | 52,327,000 | 13,492,000 | -5,889,000 | -8,049,000 | -9,540,000 | 146,517,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 5,042,000 | -5,511,000 | -7,347,000 | 3,677,000 | 5,852,000 | -7,900,000 | 2,113,000 | -4,177,000 | 4,117,000 | -617,000 | 3,912,000 | -2,223,000 | 1,802,000 | 12,510,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 5,042,000 | -5,511,000 | -7,347,000 | 3,677,000 | 5,852,000 | -7,900,000 | 2,113,000 | -4,177,000 | 4,117,000 | -617,000 | 3,912,000 | -2,223,000 | 1,802,000 | 12,510,000 |
havana holdings (uk) limited Credit Report and Business Information
Havana Holdings (uk) Limited Competitor Analysis
Perform a competitor analysis for havana holdings (uk) limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other large companies, companies in W1A area or any other competitors across 12 key performance metrics.
havana holdings (uk) limited Ownership
HAVANA HOLDINGS (UK) LIMITED group structure
Havana Holdings (Uk) Limited has 1 subsidiary company.
Ultimate parent company
CONSTELLATION HOTELS HOLDING LTD SCA
#0130625
1 parent
HAVANA HOLDINGS (UK) LIMITED
03513344
1 subsidiary
havana holdings (uk) limited directors
Havana Holdings (Uk) Limited currently has 4 directors. The longest serving directors include Mrs Karin Cooper (Aug 2013) and Fady Bakhos (Aug 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Karin Cooper | United Kingdom | 54 years | Aug 2013 | - | Director |
| Fady Bakhos | England | 52 years | Aug 2013 | - | Director |
| Sheikh Jassim Al Thani | 42 years | Aug 2013 | - | Director | |
| Mrs Deborah Pennington | England | 45 years | Oct 2022 | - | Director |
P&L
December 2022turnover
48.7m
+252%
operating profit
14m
-306%
gross margin
60.6%
+15.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
211.4m
+0.26%
total assets
465.4m
+0.17%
cash
11.3m
+0.81%
net assets
Total assets minus all liabilities
havana holdings (uk) limited company details
company number
03513344
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
February 1998
age
26
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
gartella limited (March 1998)
accountant
-
auditor
BDO LLP
address
30 portman square, london, W1A 4ZX
Bank
-
Legal Advisor
-
havana holdings (uk) 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 9 charges/mortgages relating to havana holdings (uk) limited. Currently there are 0 open charges and 9 have been satisfied in the past.
havana holdings (uk) limited Companies House Filings - See Documents
| date | description | view/download |
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