city best hotel limited
city best hotel limited Company Information
Company Number
05100519
Next Accounts
3 days late
Shareholders
sip group ltd
Group Structure
View All
Industry
Hotels and similar accommodation
Registered Address
114-116 goodmayes road, ilford, essex, IG3 9UZ
Website
www.citybesthotel.comcity best hotel limited Estimated Valuation
Pomanda estimates the enterprise value of CITY BEST HOTEL LIMITED at £1.1m based on a Turnover of £719k and 1.49x industry multiple (adjusted for size and gross margin).
city best hotel limited Estimated Valuation
Pomanda estimates the enterprise value of CITY BEST HOTEL LIMITED at £2.6m based on an EBITDA of £440.8k and a 5.96x industry multiple (adjusted for size and gross margin).
city best hotel limited Estimated Valuation
Pomanda estimates the enterprise value of CITY BEST HOTEL LIMITED at £3.9m based on Net Assets of £1.9m and 2.09x industry multiple (adjusted for liquidity).
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City Best Hotel Limited Overview
City Best Hotel Limited is a live company located in essex, IG3 9UZ with a Companies House number of 05100519. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in April 2004, it's largest shareholder is sip group ltd with a 100% stake. City Best Hotel Limited is a mature, small sized company, Pomanda has estimated its turnover at £719k with high growth in recent years.
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City Best Hotel Limited Health Check
Pomanda's financial health check has awarded City Best Hotel Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £719k, make it smaller than the average company (£5.1m)
- City Best Hotel Limited
£5.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (3%)
- City Best Hotel Limited
3% - Industry AVG
Production
with a gross margin of 110.7%, this company has a lower cost of product (63%)
- City Best Hotel Limited
63% - Industry AVG
Profitability
an operating margin of 58.5% make it more profitable than the average company (9%)
- City Best Hotel Limited
9% - Industry AVG
Employees
with 14 employees, this is below the industry average (79)
14 - City Best Hotel Limited
79 - Industry AVG
Pay Structure
on an average salary of £22.8k, the company has an equivalent pay structure (£22.8k)
- City Best Hotel Limited
£22.8k - Industry AVG
Efficiency
resulting in sales per employee of £51.4k, this is less efficient (£68.4k)
- City Best Hotel Limited
£68.4k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is later than average (8 days)
- City Best Hotel Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 467 days, this is slower than average (49 days)
- City Best Hotel Limited
49 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- City Best Hotel Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is average cash available to meet short term requirements (8 weeks)
9 weeks - City Best Hotel Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.7%, this is a lower level of debt than the average (75.9%)
60.7% - City Best Hotel Limited
75.9% - Industry AVG
CITY BEST HOTEL LIMITED financials
City Best Hotel Limited's latest turnover from June 2023 is estimated at £719 thousand and the company has net assets of £1.9 million. According to their latest financial statements, City Best Hotel Limited has 14 employees and maintains cash reserves of £94.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | 795,619 | |||||||||||||
| Admin Expenses | 374,901 | |||||||||||||
| Operating Profit | 420,718 | |||||||||||||
| Interest Payable | 178,717 | |||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | 242,001 | |||||||||||||
| Tax | -66,798 | |||||||||||||
| Profit After Tax | 175,203 | |||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | 175,203 | |||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 14 | 5 | 8 | 11 | 13 | 13 | 12 | |||||||
| EBITDA* | 440,786 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 210,339 | 208,574 | 186,992 | 192,618 | 4,940,659 | 205,008 | 212,041 | 219,418 | 219,626 | 212,975 | 156,096 | 160,446 | 164,996 | 7,594 |
| Intangible Assets | 14,750 | 29,500 | 44,250 | 59,000 | 73,750 | 88,500 | 103,250 | 118,000 | 132,750 | 147,500 | 162,250 | 177,000 | 191,750 | 206,500 |
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | 4,433,109 | 4,276,453 | 4,502,368 | 4,632,061 | 2,666,096 | 1,637,045 | 1,497,045 | |||||||
| Total Fixed Assets | 4,658,198 | 4,514,527 | 4,733,610 | 4,883,679 | 5,014,409 | 2,959,604 | 1,952,336 | 1,834,463 | 352,376 | 360,475 | 318,346 | 337,446 | 356,746 | 214,094 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 39,492 | 46,406 | 11,364 | 24,611 | 15,343 | 46,393 | 27,607 | 25,035 | 1,396,607 | 1,106,446 | 1,069,976 | 905,794 | 682,717 | 643,748 |
| Group Debtors | ||||||||||||||
| Misc Debtors | 39,634 | 17,731 | 66,509 | 59,260 | 51,122 | |||||||||
| Cash | 94,428 | 109,192 | 4,896 | 14,131 | 75,919 | 44,917 | 71,663 | 35,555 | 79,347 | 118,634 | 3,999 | 2,612 | 56,934 | |
| misc current assets | ||||||||||||||
| total current assets | 133,920 | 155,598 | 55,894 | 56,473 | 148,828 | 157,819 | 158,530 | 111,712 | 1,475,954 | 1,225,080 | 1,073,975 | 908,406 | 739,651 | 643,748 |
| total assets | 4,792,118 | 4,670,125 | 4,789,504 | 4,940,152 | 5,163,237 | 3,117,423 | 2,110,866 | 1,946,175 | 1,828,330 | 1,585,555 | 1,392,321 | 1,245,852 | 1,096,397 | 857,842 |
| Bank overdraft | 27,065 | |||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 512,861 | 128,106 | 9,960 | 30,023 | 53,259 | 63,008 | 38,885 | 107,896 | 417,450 | 396,559 | 786,981 | 833,303 | 885,440 | 701,286 |
| Group/Directors Accounts | ||||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 49,738 | 44,493 | 91,493 | 119,993 | 84,809 | |||||||||
| total current liabilities | 512,861 | 128,106 | 86,763 | 74,516 | 133,148 | 154,501 | 158,878 | 192,705 | 417,450 | 396,559 | 786,981 | 833,303 | 885,440 | 701,286 |
| loans | 2,908,320 | 2,912,104 | 974,554 | 129,444 | 159,793 | |||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 2,379,172 | 2,830,222 | ||||||||||||
| provisions | 16,980 | 3,895 | 3,895 | 4,090 | 4,350 | 4,350 | 4,350 | 3,456 | 2,126 | 1,224 | 2,091 | 2,091 | 2,091 | |
| total long term liabilities | 2,396,152 | 2,834,117 | 2,912,215 | 2,916,194 | 2,966,802 | 978,904 | 133,794 | 164,143 | 3,456 | 2,126 | 1,224 | 2,091 | 2,091 | 2,091 |
| total liabilities | 2,909,013 | 2,962,223 | 2,998,978 | 2,990,710 | 3,099,950 | 1,133,405 | 292,672 | 356,848 | 420,906 | 398,685 | 788,205 | 835,394 | 887,531 | 703,377 |
| net assets | 1,883,105 | 1,707,902 | 1,790,526 | 1,949,442 | 2,063,287 | 1,984,018 | 1,818,194 | 1,589,327 | 1,407,424 | 1,186,870 | 604,116 | 410,458 | 208,866 | 154,465 |
| total shareholders funds | 1,883,105 | 1,707,902 | 1,790,526 | 1,949,442 | 2,063,287 | 1,984,018 | 1,818,194 | 1,589,327 | 1,407,424 | 1,186,870 | 604,116 | 410,458 | 208,866 | 154,465 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 420,718 | |||||||||||||
| Depreciation | 5,318 | 5,918 | 5,626 | 5,967 | 6,425 | 7,033 | 7,377 | 8,928 | 7,465 | 5,319 | 4,350 | 4,716 | 1,898 | 2,532 |
| Amortisation | 14,750 | 14,750 | 14,750 | 14,750 | 14,750 | 14,750 | 14,750 | 14,750 | 14,750 | 14,750 | 14,750 | 14,750 | 14,750 | |
| Tax | -66,798 | |||||||||||||
| Stock | ||||||||||||||
| Debtors | 149,742 | -230,507 | -121,037 | 4,659,060 | -2,763,655 | 1,055,086 | 150,710 | 176,595 | 290,161 | 36,470 | 164,182 | 223,077 | 38,969 | 643,748 |
| Creditors | 384,755 | 118,146 | -20,063 | -23,236 | -9,749 | 24,123 | -69,011 | -309,554 | 20,891 | -390,422 | -46,322 | -52,137 | 184,154 | 701,286 |
| Accruals and Deferred Income | -49,738 | 5,245 | 44,493 | -91,493 | -28,500 | 35,184 | 84,809 | |||||||
| Deferred Taxes & Provisions | 13,085 | -195 | 4,090 | -4,350 | 894 | 1,330 | 902 | -867 | 2,091 | |||||
| Cash flow from operations | 622,086 | |||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | ||||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -2,908,320 | -3,784 | 2,912,104 | -974,554 | 845,110 | -30,349 | 159,793 | |||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | -451,050 | 2,830,222 | ||||||||||||
| share issue | ||||||||||||||
| interest | -178,717 | |||||||||||||
| cash flow from financing | -629,767 | |||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -14,764 | 104,296 | -9,235 | -61,788 | 31,002 | -26,746 | 36,108 | -43,792 | -39,287 | 114,635 | 1,387 | -54,322 | 56,934 | |
| overdraft | -27,065 | 27,065 | ||||||||||||
| change in cash | -14,764 | 131,361 | -36,300 | -61,788 | 31,002 | -26,746 | 36,108 | -43,792 | -39,287 | 114,635 | 1,387 | -54,322 | 56,934 |
city best hotel limited Credit Report and Business Information
City Best Hotel Limited Competitor Analysis
Perform a competitor analysis for city best hotel limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in IG3 area or any other competitors across 12 key performance metrics.
city best hotel limited Ownership
CITY BEST HOTEL LIMITED group structure
City Best Hotel Limited has no subsidiary companies.
city best hotel limited directors
City Best Hotel Limited currently has 3 directors. The longest serving directors include Mrs Iqbal Takhar (Apr 2004) and Mr Sukhbinder Takhar (Apr 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Iqbal Takhar | 64 years | Apr 2004 | - | Director | |
| Mr Sukhbinder Takhar | 70 years | Apr 2004 | - | Director | |
| Mr Pirthipal Takhar | 42 years | Apr 2004 | - | Director |
P&L
June 2023turnover
719k
+72%
operating profit
420.7k
0%
gross margin
110.7%
%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
1.9m
+0.1%
total assets
4.8m
+0.03%
cash
94.4k
-0.14%
net assets
Total assets minus all liabilities
city best hotel limited company details
company number
05100519
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
April 2004
age
21
incorporated
UK
ultimate parent company
accounts
Audited Abridged
last accounts submitted
June 2023
previous names
pirthi guest house limited (January 2010)
accountant
-
auditor
ASHFORDS PARTNERSHIP LLP
address
114-116 goodmayes road, ilford, essex, IG3 9UZ
Bank
-
Legal Advisor
-
city best hotel 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 city best hotel limited.
city best hotel 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.
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city best hotel limited Companies House Filings - See Documents
| date | description | view/download |
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