Courtesy World Limited

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courtesy world limited Company Information

Live

MatureSmallHealthy

Company Number

04094905

Website

https://www.birchkennels.com

Registered Address

92a, c/o rose, chartered accountant, whitefield, manchester, M45 6TQ

Industry

Hotels and similar accommodation

Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Pragnesh Patel23 Years

Navine Jafferali23 Years

Shareholders

urmila jitendra patel 66.6%

mrs navine jafferali 33.4%

courtesy world limited Estimated Valuation

£659.9k

Pomanda estimates the enterprise value of COURTESY WORLD LIMITED at £659.9k based on Net Assets of £905.3k and 0.73x industry multiple (adjusted for liquidity).

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Courtesy World Limited is a live company located in whitefield, M45 6TQ with a Companies House number of 04094905. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in October 2000, it's largest shareholder is urmila jitendra patel with a 66.6% stake. Courtesy World Limited is a mature, small sized company, Pomanda has estimated its turnover at £587.8k with healthy growth in recent years.

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

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £587.8k, make it smaller than the average company (£3.9m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (-2.8%)

EXPORT

Courtesy World Limited's latest turnover from December 2022 is estimated at £587.8 thousand and the company has net assets of £905.3 thousand. According to their latest financial statements, Courtesy World Limited has 14 employees and maintains cash reserves of £111.3 thousand 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	587,771	317,442	403,955	405,349	400,281	418,926	498,716	1,938,871	2,927,177	3,668,078	519,128	486,283	438,847	460,566
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	232,099	150,768	176,876	161,354	156,533	164,215	188,361	724,960	1,093,399	1,426,918	102,649	86,860	89,834	111,259
Gross Profit	355,672	166,673	227,079	243,995	243,748	254,711	310,355	1,213,910	1,833,779	2,241,160	416,479	399,423	349,013	349,307
Admin Expenses	318,737	139,921	215,354	249,085	197,799	230,153	267,884	1,158,709	1,863,361	2,230,254	320,897	301,244	285,101	301,785
Operating Profit	36,935	26,752	11,725	-5,090	45,949	24,558	42,471	55,201	-29,582	10,906	95,582	98,179	63,912	47,522
Interest Payable	39,563	28,828	28,021	30,447	31,708	32,027	29,004	18,664	5,076	24,451	34,012	42,111	63,883	64,068
Interest Receivable	4,234	253	52	345	333	205	144	278	124	343	0	0	0	15
Pre-Tax Profit	1,606	-1,822	-16,245	-35,193	14,574	-7,265	13,611	36,815	-34,534	-13,202	61,570	56,068	29	-16,531
Tax	-305	0	0	0	-2,769	0	-2,722	-7,363	0	0	2,276	0	0	0
Profit After Tax	1,301	-1,822	-16,245	-35,193	11,805	-7,265	10,889	29,452	-34,534	-13,202	63,846	56,068	29	-16,531
Dividends Paid	0	0	0	0	0	0	0	0	0	0	15,000	0	0	0
Retained Profit	1,301	-1,822	-16,245	-35,193	11,805	-7,265	10,889	29,452	-34,534	-13,202	48,846	56,068	29	-16,531
Employee Costs	311,830	215,188	233,959	235,444	189,250	235,132	232,385	209,207	928,963	1,193,144	171,980	158,865	143,479	0
Number Of Employees	14	11	12	12	10	13	13	12	57	75	11	10	9	0
EBITDA*	40,563	52,311	35,987	18,377	69,781	48,953	67,541	81,228	-2,903	38,545	118,904	122,061	85,203	68,765

* 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	1,419,194	722,280	735,375	754,258	777,230	801,062	825,142	850,212	874,381	900,010	1,140,362	742,671	753,598	773,905
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	1,419,194	722,280	735,375	754,258	777,230	801,062	825,142	850,212	874,381	900,010	1,140,362	742,671	753,598	773,905
Stock & work in progress	3,250	3,250	700	2,450	5,415	5,415	5,415	5,415	5,415	5,415	6,023	5,204	5,204	6,408
Trade Debtors	8,946	7,410	7,283	1,398	6,723	2,870	8,501	122,630	118,267	137,740	0	0	0	14,437
Group Debtors	0	0	0	0	0	0	0	0	0	0	120,038	134,287	133,603	133,603
Misc Debtors	22,444	21,879	79,230	86,768	92,570	107,569	118,829	0	0	0	12,893	18,444	9,901	9,740
Cash	111,346	130,595	72,145	31,205	60,680	28,092	53,734	61,722	49,636	2	137,204	123,344	55,073	27,685
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	145,986	163,134	159,358	121,821	165,388	143,946	186,479	189,767	173,318	143,157	276,158	281,279	203,781	191,873
total assets	1,565,180	885,414	894,733	876,079	942,618	945,008	1,011,621	1,039,979	1,047,699	1,043,167	1,416,520	1,023,950	957,379	965,778
Bank overdraft	48,376	52,226	39,158	40,100	37,200	33,237	0	31,237	31,237	0	0	0	0	0
Bank loan	0	0	0	0	0	0	33,237	0	0	0	0	0	0	0
Trade Creditors	28,983	21,671	7,555	11,180	4,126	8,660	15,098	254,146	259,571	795,295	13,151	21,926	14,734	18,718
Group/Directors Accounts	0	0	0	0	0	148,394	0	0	0	0	142,850	143,319	143,819	146,613
other short term finances	0	0	0	0	0	0	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
other current liabilities	103,755	62,751	47,549	53,054	66,271	66,124	232,808	0	0	0	32,095	45,232	37,890	39,540
total current liabilities	181,114	136,648	94,262	104,334	107,597	256,415	281,143	285,383	290,808	795,295	188,096	210,477	196,443	204,871
loans	342,706	389,587	441,519	397,957	426,887	442,179	476,799	386,858	124,948	0	752,350	783,969	787,500	787,500
hp & lease commitments	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	0	0	0	0	0	0
other liabilities	136,092	154,220	152,171	150,762	0	0	0	124,948	418,605	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	2,276	2,276	2,276
total long term liabilities	478,798	543,807	593,690	548,719	576,802	442,179	476,799	511,806	543,553	0	752,350	786,245	789,776	789,776
total liabilities	659,912	680,455	687,952	653,053	684,399	698,594	757,942	797,189	834,361	795,295	940,446	996,722	986,219	994,647
net assets	905,268	204,959	206,781	223,026	258,219	246,414	253,679	242,790	213,338	247,872	476,074	27,228	-28,840	-28,869
total shareholders funds	905,268	204,959	206,781	223,026	258,219	246,414	253,679	242,790	213,338	247,872	476,074	27,228	-28,840	-28,869

	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	36,935	26,752	11,725	-5,090	45,949	24,558	42,471	55,201	-29,582	10,906	95,582	98,179	63,912	47,522
Depreciation	3,628	25,559	24,262	23,467	23,832	24,395	25,070	26,027	26,679	27,639	23,322	23,882	21,291	21,243
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-305	0	0	0	-2,769	0	-2,722	-7,363	0	0	2,276	0	0	0
Stock	0	2,550	-1,750	-2,965	0	0	0	0	0	-608	819	0	-1,204	6,408
Debtors	2,101	-57,224	-1,653	-11,127	-11,146	-16,891	4,700	4,363	-19,473	4,809	-19,800	9,227	-14,276	157,780
Creditors	7,312	14,116	-3,625	7,054	-4,534	-6,438	-239,048	-5,425	-535,724	782,144	-8,775	7,192	-3,984	18,718
Accruals and Deferred Income	41,004	15,202	-5,505	-13,217	147	-166,684	232,808	0	0	-32,095	-13,137	7,342	-1,650	39,540
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	-2,276	0	0	2,276
Cash flow from operations	86,473	136,303	30,260	26,306	73,771	-107,278	53,879	64,077	-519,154	784,393	115,973	127,368	95,049	-34,889
Investing Activities
capital expenditure	-700,542	-12,464	-5,379	-495	0	-315	0	-1,858	-1,050	212,713	-421,013	-12,955	-984	-795,148
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-700,542	-12,464	-5,379	-495	0	-315	0	-1,858	-1,050	212,713	-421,013	-12,955	-984	-795,148
Financing Activities
Bank loans	0	0	0	0	0	-33,237	33,237	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-148,394	148,394	0	0	0	-142,850	-469	-500	-2,794	146,613
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-46,881	-51,932	43,562	-28,930	-15,292	-34,620	89,941	261,910	124,948	-752,350	-31,619	-3,531	0	787,500
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-18,128	2,049	1,409	150,762	0	0	-124,948	-293,657	418,605	0	0	0	0	0
share issue	699,008	0	0	0	0	0	0	0	0	-215,000	400,000	0	0	-12,338
interest	-35,329	-28,575	-27,969	-30,102	-31,375	-31,822	-28,860	-18,386	-4,952	-24,108	-34,012	-42,111	-63,883	-64,053
cash flow from financing	598,670	-78,458	17,002	91,730	-195,061	48,715	-30,630	-50,133	538,601	-1,134,308	333,900	-46,142	-66,677	857,722
cash and cash equivalents
cash	-19,249	58,450	40,940	-29,475	32,588	-25,642	-7,988	12,086	49,634	-137,202	13,860	68,271	27,388	27,685
overdraft	-3,850	13,068	-942	2,900	3,963	33,237	-31,237	0	31,237	0	0	0	0	0
change in cash	-15,399	45,382	41,882	-32,375	28,625	-58,879	23,249	12,086	18,397	-137,202	13,860	68,271	27,388	27,685

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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COURTESY WORLD LIMITED group structure

Courtesy World Limited has no subsidiary companies.

Ultimate parent company

COURTESY WORLD LIMITED

04094905

COURTESY WORLD LIMITED Shareholders

urmila jitendra patel	66.6%
mrs navine jafferali	33.4%

Courtesy World Limited currently has 2 directors. The longest serving directors include Mr Pragnesh Patel (Oct 2000) and Navine Jafferali (Oct 2000).

officer	country	age	start	end	role
Mr Pragnesh Patel		54 years	Oct 2000	-	Director
Navine Jafferali	England	67 years	Oct 2000	-	Director

P&L

December 2022

turnover

587.8k

+85%

operating profit

36.9k

gross margin

60.6%

+15.25%

turnover

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

Balance Sheet

December 2022

net assets

905.3k

+3.42%

total assets

1.6m

+0.77%

cash

111.3k

-0.15%

net assets

Total assets minus all liabilities

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company number

04094905

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

October 2000

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2022

address

92a, c/o rose, chartered accountant, whitefield, manchester, M45 6TQ

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.

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courtesy world limited Company Information

courtesy world limited Estimated Valuation

courtesy world limited Estimated Valuation

courtesy world limited Estimated Valuation

Courtesy World Limited Overview

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COURTESY WORLD LIMITED financials

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courtesy world limited Companies House Filings - See Documents