lester hotels management services limited
lester hotels management services limited Company Information
Company Number
03805273
Website
www.lesterhotels.comRegistered Address
st john house the walk, potters bar, hertfordshire, EN6 1QQ
Industry
Hotels and similar accommodation
Telephone
08456884001
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
lester hotels group ltd 100%
giftdale ltd 0%
lester hotels management services limited Estimated Valuation
Pomanda estimates the enterprise value of LESTER HOTELS MANAGEMENT SERVICES LIMITED at £2.5m based on a Turnover of £2.2m and 1.15x industry multiple (adjusted for size and gross margin).
lester hotels management services limited Estimated Valuation
Pomanda estimates the enterprise value of LESTER HOTELS MANAGEMENT SERVICES LIMITED at £0 based on an EBITDA of £-204.7k and a 4.62x industry multiple (adjusted for size and gross margin).
lester hotels management services limited Estimated Valuation
Pomanda estimates the enterprise value of LESTER HOTELS MANAGEMENT SERVICES LIMITED at £1.3m based on Net Assets of £1.8m and 0.73x industry multiple (adjusted for liquidity).
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Lester Hotels Management Services Limited Overview
Lester Hotels Management Services Limited is a live company located in hertfordshire, EN6 1QQ with a Companies House number of 03805273. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in July 1999, it's largest shareholder is lester hotels group ltd with a 100% stake. Lester Hotels Management Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with declining growth in recent years.
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Lester Hotels Management Services Limited Health Check
Pomanda's financial health check has awarded Lester Hotels Management Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £2.2m, make it smaller than the average company (£5.1m)
- Lester Hotels Management Services Limited
£5.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (3.6%)
- Lester Hotels Management Services Limited
3.6% - Industry AVG
Production
with a gross margin of 63%, this company has a comparable cost of product (63%)
- Lester Hotels Management Services Limited
63% - Industry AVG
Profitability
an operating margin of -9.4% make it less profitable than the average company (8.2%)
- Lester Hotels Management Services Limited
8.2% - Industry AVG
Employees
with 43 employees, this is below the industry average (79)
43 - Lester Hotels Management Services Limited
79 - Industry AVG
Pay Structure
on an average salary of £22.3k, the company has an equivalent pay structure (£22.3k)
- Lester Hotels Management Services Limited
£22.3k - Industry AVG
Efficiency
resulting in sales per employee of £50.9k, this is less efficient (£68.4k)
- Lester Hotels Management Services Limited
£68.4k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (7 days)
- Lester Hotels Management Services Limited
7 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (46 days)
- Lester Hotels Management Services Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Lester Hotels Management Services Limited
- - 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 - Lester Hotels Management Services Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.3%, this is a lower level of debt than the average (74.9%)
60.3% - Lester Hotels Management Services Limited
74.9% - Industry AVG
LESTER HOTELS MANAGEMENT SERVICES LIMITED financials
Lester Hotels Management Services Limited's latest turnover from September 2023 is estimated at £2.2 million and the company has net assets of £1.8 million. According to their latest financial statements, Lester Hotels Management Services Limited has 43 employees and maintains cash reserves of £18.6 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 | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 43 | 9 | 11 | 11 | 11 | 13 | 13 | 12 | 15 | ||||||
| EBITDA* |
* 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 | 4,523 | 6,033 | 8,045 | 11,854 | 12,422 | 13,309 | 11,012 | 14,683 | 19,577 | 25,024 | 29,806 | 39,741 | 52,989 | 56,008 | 71,219 |
| 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 | 4,798 |
| Debtors (Due After 1 year) | 2,299,255 | 2,387,255 | 2,375,255 | 2,363,255 | 2,351,255 | 2,339,255 | 2,227,255 | 2,239,255 | 2,127,255 | 2,015,255 | 2,113,242 | 1,616,662 | 1,502,619 | 499,220 | 499,220 |
| Total Fixed Assets | 2,303,778 | 2,393,288 | 2,383,300 | 2,375,109 | 2,363,677 | 2,352,564 | 2,238,267 | 2,253,938 | 2,146,832 | 2,040,279 | 2,143,048 | 1,656,403 | 1,555,608 | 555,228 | 575,237 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 32,439 | 9,603 | 0 | 163,306 | 32,920 | 53,674 | 0 | 27,999 | 64,830 | 435,690 | 344,133 | 172,516 | 418,004 | 1,044,496 | 466,339 |
| Group Debtors | 723,487 | 493,530 | 633,153 | 706,684 | 771,098 | 813,181 | 507,247 | 269,043 | 365,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,420,521 | 1,048,503 | 723,119 | 292,020 | 423,198 | 298,804 | 22,527 | 29,061 | 23,395 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 18,600 | 8,839 | 140,145 | 18,868 | 8,436 | 426,804 | 157,257 | 346,872 | 378,848 | 486,508 | 507,785 | 674,582 | 722,080 | 1,051,861 | 1,186,135 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,195,047 | 1,560,475 | 1,496,417 | 1,180,878 | 1,235,652 | 1,592,463 | 687,031 | 672,975 | 832,073 | 922,198 | 851,918 | 847,098 | 1,140,084 | 2,096,357 | 1,652,474 |
| total assets | 4,498,825 | 3,953,763 | 3,879,717 | 3,555,987 | 3,599,329 | 3,945,027 | 2,925,298 | 2,926,913 | 2,978,905 | 2,962,477 | 2,994,966 | 2,503,501 | 2,695,692 | 2,651,585 | 2,227,711 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 117,951 | 16,546 | 21,547 | 20,970 | 25,628 | 46,862 | 50,633 | 25,784 | 9,059 | 832,601 | 1,488,622 | 1,699,985 | 1,827,191 | 1,823,591 | 1,366,270 |
| Group/Directors Accounts | 2,001,659 | 1,072,105 | 590,467 | 456,136 | 0 | 27,965 | 784,102 | 592,656 | 617,845 | 4,704 | 0 | 0 | 0 | 0 | 96,779 |
| other short term finances | 156,000 | 311,760 | 268,470 | 243,779 | 144,009 | 150,000 | 80,000 | 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 |
| other current liabilities | 434,840 | 533,773 | 676,209 | 535,596 | 393,719 | 351,851 | 295,124 | 248,335 | 229,272 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 2,710,450 | 1,934,184 | 1,556,693 | 1,256,481 | 563,356 | 576,678 | 1,209,859 | 866,775 | 856,176 | 837,305 | 1,488,622 | 1,699,985 | 1,827,191 | 1,823,591 | 1,463,049 |
| loans | 0 | 0 | 293,060 | 317,751 | 1,918,255 | 1,925,920 | 15,000 | 540,000 | 220,000 | 240,000 | 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 | 400,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400,000 | 700,000 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 293,060 | 317,751 | 1,918,255 | 1,925,920 | 15,000 | 540,000 | 620,000 | 640,000 | 700,000 | 0 | 0 | 0 | 0 |
| total liabilities | 2,710,450 | 1,934,184 | 1,849,753 | 1,574,232 | 2,481,611 | 2,502,598 | 1,224,859 | 1,406,775 | 1,476,176 | 1,477,305 | 2,188,622 | 1,699,985 | 1,827,191 | 1,823,591 | 1,463,049 |
| net assets | 1,788,375 | 2,019,579 | 2,029,964 | 1,981,755 | 1,117,718 | 1,442,429 | 1,700,439 | 1,520,138 | 1,502,729 | 1,485,172 | 806,344 | 803,516 | 868,501 | 827,994 | 764,662 |
| total shareholders funds | 1,788,375 | 2,019,579 | 2,029,964 | 1,981,755 | 1,117,718 | 1,442,429 | 1,700,439 | 1,520,138 | 1,502,729 | 1,485,172 | 806,344 | 803,516 | 868,501 | 827,994 | 764,662 |
| 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 | |||||||||||||||
| Depreciation | 1,510 | 2,012 | 3,809 | 3,952 | 4,142 | 4,436 | 3,671 | 4,894 | 6,525 | 8,341 | 9,935 | 13,248 | 17,663 | 18,668 | 23,739 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 536,811 | 207,364 | 206,262 | -53,206 | 73,557 | 747,885 | 191,671 | -15,122 | 129,535 | -6,430 | 668,197 | -131,445 | 376,907 | 578,157 | 965,559 |
| Creditors | 101,405 | -5,001 | 577 | -4,658 | -21,234 | -3,771 | 24,849 | 16,725 | -823,542 | -656,021 | -211,363 | -127,206 | 3,600 | 457,321 | 1,366,270 |
| Accruals and Deferred Income | -98,933 | -142,436 | 140,613 | 141,877 | 41,868 | 56,727 | 46,789 | -380,937 | 629,272 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,798 | 4,798 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 929,554 | 481,638 | 134,331 | 456,136 | -27,965 | -756,137 | 191,446 | -25,189 | 613,141 | 4,704 | 0 | 0 | 0 | -96,779 | 96,779 |
| Other Short Term Loans | -155,760 | 43,290 | 24,691 | 99,770 | -5,991 | 70,000 | 80,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -293,060 | -24,691 | -1,600,504 | -7,665 | 1,910,920 | -525,000 | 320,000 | -20,000 | 240,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | -400,000 | -300,000 | 700,000 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 9,761 | -131,306 | 121,277 | 10,432 | -418,368 | 269,547 | -189,615 | -31,976 | -107,660 | -21,277 | -166,797 | -47,498 | -329,781 | -134,274 | 1,186,135 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 9,761 | -131,306 | 121,277 | 10,432 | -418,368 | 269,547 | -189,615 | -31,976 | -107,660 | -21,277 | -166,797 | -47,498 | -329,781 | -134,274 | 1,186,135 |
lester hotels management services limited Credit Report and Business Information
Lester Hotels Management Services Limited Competitor Analysis
Perform a competitor analysis for lester hotels management services limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in EN6 area or any other competitors across 12 key performance metrics.
lester hotels management services limited Ownership
LESTER HOTELS MANAGEMENT SERVICES LIMITED group structure
Lester Hotels Management Services Limited has no subsidiary companies.
Ultimate parent company
2 parents
LESTER HOTELS MANAGEMENT SERVICES LIMITED
03805273
lester hotels management services limited directors
Lester Hotels Management Services Limited currently has 2 directors. The longest serving directors include Mr Simon Lester (Jul 1999) and Mr Martin Johnstone (May 2001).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Lester | 60 years | Jul 1999 | - | Director | |
| Mr Martin Johnstone | 66 years | May 2001 | - | Director |
P&L
September 2023turnover
2.2m
+441%
operating profit
-206.2k
0%
gross margin
63%
+4.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
1.8m
-0.11%
total assets
4.5m
+0.14%
cash
18.6k
+1.1%
net assets
Total assets minus all liabilities
lester hotels management services limited company details
company number
03805273
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
July 1999
age
25
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
lester hotels limited (September 2005)
cornlane limited (January 2000)
last accounts submitted
September 2023
address
st john house the walk, potters bar, hertfordshire, EN6 1QQ
accountant
HAYSMACINTYRE LLP
auditor
-
lester hotels management services 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 did not find charges/mortgages relating to lester hotels management services limited.
lester hotels management services limited Companies House Filings - See Documents
| date | description | view/download |
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