hi (reading south) limited
hi (reading south) limited Company Information
Company Number
04721028
Registered Address
st james house, 3rd floor, south wing, romford, essex, RM1 3NH
Industry
Hotels and similar accommodation
Telephone
01189870461
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
hicp holdings limited 100%
hi (reading south) limited Estimated Valuation
Pomanda estimates the enterprise value of HI (READING SOUTH) LIMITED at £1.6m based on a Turnover of £1.1m and 1.44x industry multiple (adjusted for size and gross margin).
hi (reading south) limited Estimated Valuation
Pomanda estimates the enterprise value of HI (READING SOUTH) LIMITED at £6.5m based on an EBITDA of £1.1m and a 5.95x industry multiple (adjusted for size and gross margin).
hi (reading south) limited Estimated Valuation
Pomanda estimates the enterprise value of HI (READING SOUTH) LIMITED at £48.8m based on Net Assets of £24.9m and 1.96x industry multiple (adjusted for liquidity).
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Hi (reading South) Limited Overview
Hi (reading South) Limited is a live company located in romford, RM1 3NH with a Companies House number of 04721028. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in April 2003, it's largest shareholder is hicp holdings limited with a 100% stake. Hi (reading South) Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with healthy growth in recent years.
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Hi (reading South) Limited Health Check
Pomanda's financial health check has awarded Hi (Reading South) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
3 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£5.5m)
£1.1m - Hi (reading South) Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (24.4%)
7% - Hi (reading South) Limited
24.4% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (65.3%)
100% - Hi (reading South) Limited
65.3% - Industry AVG
Profitability
an operating margin of 98% make it more profitable than the average company (8.4%)
98% - Hi (reading South) Limited
8.4% - Industry AVG
Employees
with 17 employees, this is below the industry average (88)
- Hi (reading South) Limited
88 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Hi (reading South) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £65.8k, this is equally as efficient (£68.3k)
- Hi (reading South) Limited
£68.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Hi (reading South) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Hi (reading South) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hi (reading South) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Hi (reading South) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 3.3%, this is a lower level of debt than the average (74.6%)
3.3% - Hi (reading South) Limited
74.6% - Industry AVG
HI (READING SOUTH) LIMITED financials
Hi (Reading South) Limited's latest turnover from March 2024 is £1.1 million and the company has net assets of £24.9 million. According to their latest financial statements, we estimate that Hi (Reading South) Limited has 17 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 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,118,000 | 986,000 | 917,000 | 906,000 | 887,000 | 863,000 | 829,000 | 809,000 | 986,000 | 750,000 | 750,000 | 750,000 | 750,000 | 750,000 | 750,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Gross Profit | 1,118,000 | 986,000 | 917,000 | 906,000 | 887,000 | 863,000 | 829,000 | 809,000 | 986,000 | ||||||
| Admin Expenses | 22,000 | 24,000 | 8,000 | -21,000 | 13,000 | 15,000 | 13,000 | 12,000 | 20,000 | ||||||
| Operating Profit | 1,096,000 | 962,000 | 909,000 | 927,000 | 874,000 | 848,000 | 816,000 | 797,000 | 966,000 | 750,000 | 2,826,000 | 2,205,000 | -1,175,000 | -659,000 | 5,339,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | 680,000 | 634,000 | -83,000 | -2,273,000 | -826,000 | 3,648,000 | -384,000 | 1,297,000 | 966,000 | 750,000 | 2,826,000 | 2,205,000 | -1,175,000 | -683,000 | 5,339,000 |
| Tax | 95,000 | 72,000 | -63,000 | 435,000 | 366,000 | -579,000 | 360,000 | 97,000 | -114,000 | -118,000 | -56,000 | -67,000 | -60,000 | -79,000 | -84,000 |
| Profit After Tax | 775,000 | 706,000 | -146,000 | -1,838,000 | -460,000 | 3,069,000 | -24,000 | 1,394,000 | 852,000 | 632,000 | 2,770,000 | 2,138,000 | -1,235,000 | -762,000 | 5,255,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 775,000 | 706,000 | -146,000 | -1,838,000 | -460,000 | 3,069,000 | -24,000 | 1,394,000 | 852,000 | 632,000 | 2,770,000 | 2,138,000 | -1,235,000 | -762,000 | 5,255,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Number Of Employees | |||||||||||||||
| EBITDA* | 1,096,000 | 962,000 | 909,000 | 927,000 | 874,000 | 848,000 | 816,000 | 797,000 | 966,000 | 3,679,000 | 4,903,000 | 750,000 | 750,000 | 750,000 | 5,776,000 |
* 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 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 22,400,000 | 0 | 0 | 0 | 0 | 10,526,000 | 8,386,000 | 6,852,000 | 8,400,000 | 9,750,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 15,764,000 | 16,180,000 | 16,508,000 | 17,500,000 | 20,700,000 | 0 | 19,600,000 | 20,800,000 | 20,300,000 | 20,300,000 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 15,764,000 | 16,180,000 | 16,508,000 | 17,500,000 | 20,700,000 | 22,400,000 | 19,600,000 | 20,800,000 | 20,300,000 | 20,300,000 | 10,526,000 | 8,386,000 | 6,852,000 | 8,400,000 | 9,750,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 9,939,000 | 8,844,000 | 7,881,000 | 6,968,000 | 6,067,000 | 0 | 4,330,000 | 3,511,000 | 2,741,000 | 6,087,000 | 6,087,000 | 4,309,000 | 4,191,000 | 3,676,000 | 2,925,000 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,000 | 3,000 | 3,000 | 2,000 | 5,000 | 1,000 | 1,000 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,939,000 | 8,844,000 | 7,881,000 | 6,968,000 | 6,067,000 | 5,188,000 | 4,330,000 | 3,511,000 | 2,745,000 | 6,090,000 | 6,090,000 | 4,311,000 | 4,196,000 | 3,677,000 | 2,926,000 |
| total assets | 25,703,000 | 25,024,000 | 24,389,000 | 24,468,000 | 26,767,000 | 27,588,000 | 23,930,000 | 24,311,000 | 23,045,000 | 26,390,000 | 16,616,000 | 12,697,000 | 11,048,000 | 12,077,000 | 12,676,000 |
| 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 | 0 | 0 | 0 | 0 | 5,000 | 5,000 | 5,000 | 5,000 | 1,000 | 0 | 0 | 0 | 47,000 | 1,000 | 3,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,060,000 | 2,487,000 | 1,261,000 | 1,641,000 | 1,410,000 | 1,188,000 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 8,000 | 9,000 | 8,000 | 4,000 | 25,000 | 0 | 11,000 | 8,000 | 7,000 | 0 | 0 | 0 | 0 | 0 | 1,000 |
| total current liabilities | 8,000 | 9,000 | 8,000 | 4,000 | 30,000 | 114,000 | 16,000 | 13,000 | 8,000 | 2,060,000 | 2,487,000 | 1,261,000 | 1,688,000 | 1,411,000 | 1,192,000 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 843,000 | 938,000 | 1,010,000 | 947,000 | 1,382,000 | 0 | 1,168,000 | 1,528,000 | 1,661,000 | 1,661,000 | 338,000 | 415,000 | 477,000 | 548,000 | 604,000 |
| total long term liabilities | 843,000 | 938,000 | 1,010,000 | 947,000 | 1,382,000 | 1,659,000 | 1,168,000 | 1,528,000 | 1,661,000 | 1,661,000 | 338,000 | 415,000 | 477,000 | 548,000 | 604,000 |
| total liabilities | 851,000 | 947,000 | 1,018,000 | 951,000 | 1,412,000 | 1,773,000 | 1,184,000 | 1,541,000 | 1,669,000 | 3,721,000 | 2,825,000 | 1,676,000 | 2,165,000 | 1,959,000 | 1,796,000 |
| net assets | 24,852,000 | 24,077,000 | 23,371,000 | 23,517,000 | 25,355,000 | 25,815,000 | 22,746,000 | 22,770,000 | 21,376,000 | 22,669,000 | 13,791,000 | 11,021,000 | 8,883,000 | 10,118,000 | 10,880,000 |
| total shareholders funds | 24,852,000 | 24,077,000 | 23,371,000 | 23,517,000 | 25,355,000 | 25,815,000 | 22,746,000 | 22,770,000 | 21,376,000 | 22,669,000 | 13,791,000 | 11,021,000 | 8,883,000 | 10,118,000 | 10,880,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,096,000 | 962,000 | 909,000 | 927,000 | 874,000 | 848,000 | 816,000 | 797,000 | 966,000 | 750,000 | 2,826,000 | 2,205,000 | -1,175,000 | -659,000 | 5,339,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,929,000 | 2,077,000 | -1,455,000 | 1,925,000 | 1,409,000 | 437,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 95,000 | 72,000 | -63,000 | 435,000 | 366,000 | -579,000 | 360,000 | 97,000 | -114,000 | -118,000 | -56,000 | -67,000 | -60,000 | -79,000 | -84,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,095,000 | 963,000 | 913,000 | 901,000 | 6,067,000 | -4,330,000 | 819,000 | 766,000 | 2,745,000 | 0 | 1,779,000 | 115,000 | 519,000 | 751,000 | 2,926,000 |
| Creditors | 0 | 0 | 0 | -5,000 | 0 | 0 | 0 | 4,000 | 1,000 | 0 | 0 | -47,000 | 46,000 | -2,000 | 3,000 |
| Accruals and Deferred Income | -1,000 | 1,000 | 4,000 | -21,000 | 25,000 | -11,000 | 3,000 | 1,000 | 7,000 | 0 | 0 | 0 | 0 | -1,000 | 1,000 |
| Deferred Taxes & Provisions | -95,000 | -72,000 | 63,000 | -435,000 | 1,382,000 | -1,168,000 | -360,000 | -133,000 | 1,661,000 | 1,323,000 | -77,000 | -62,000 | -71,000 | -56,000 | 604,000 |
| Cash flow from operations | 0 | 0 | 0 | 0 | -3,420,000 | 0 | 0 | -224,000 | 4,884,000 | 2,991,000 | 459,000 | 146,000 | -139,000 | 3,374,000 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -416,000 | -328,000 | -992,000 | -3,200,000 | 20,700,000 | -19,600,000 | -1,200,000 | 500,000 | 20,300,000 | 20,300,000 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -427,000 | 1,226,000 | -380,000 | 231,000 | 222,000 | 1,188,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| cash flow from financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,524,000 | 7,819,000 | 1,226,000 | -380,000 | 231,000 | 222,000 | 6,813,000 | |
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hi (reading south) limited Credit Report and Business Information
Hi (reading South) Limited Competitor Analysis
Perform a competitor analysis for hi (reading south) limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in RM1 area or any other competitors across 12 key performance metrics.
hi (reading south) limited Ownership
HI (READING SOUTH) LIMITED group structure
Hi (Reading South) Limited has no subsidiary companies.
Ultimate parent company
HIN JB LTD
#0092082
2 parents
HI (READING SOUTH) LIMITED
04721028
hi (reading south) limited directors
Hi (Reading South) Limited currently has 3 directors. The longest serving directors include Mr Christopher Kula (May 2021) and Bhriz Holloway (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Kula | United Kingdom | 41 years | May 2021 | - | Director |
| Bhriz Holloway | Luxembourg | 35 years | May 2021 | - | Director |
| Mr Jonathan Braidley | England | 59 years | May 2021 | - | Director |
P&L
March 2024turnover
1.1m
+13%
operating profit
1.1m
+14%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
24.9m
+0.03%
total assets
25.7m
+0.03%
cash
0
0%
net assets
Total assets minus all liabilities
hi (reading south) limited company details
company number
04721028
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
April 2003
age
21
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
holiday inn (reading) limited (June 2005)
accountant
-
auditor
KPMG
address
st james house, 3rd floor, south wing, romford, essex, RM1 3NH
Bank
-
Legal Advisor
-
hi (reading south) 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 hi (reading south) limited. Currently there are 3 open charges and 6 have been satisfied in the past.
hi (reading south) limited Companies House Filings - See Documents
| date | description | view/download |
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