Travellers Rest (grasmere) Limited

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travellers rest (grasmere) limited Company Information

Live

EstablishedSmallHigh

Company Number

05906204

Website

www.lakedistrictinns.co.uk

Registered Address

suite 2 rosehill, 165 lutterworth road, blaby, leicester, LE8 4DY

Industry

Hotels and similar accommodation

Telephone

01768773331

Next Accounts Due

January 2025

Group Structure

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Directors

Derek Sweeney18 Years

Lynne Sweeney18 Years

Shareholders

lynne audrey sweeney 50%

derek sweeney 50%

travellers rest (grasmere) limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of TRAVELLERS REST (GRASMERE) LIMITED at £3.3m based on a Turnover of £3.2m and 1.01x industry multiple (adjusted for size and gross margin).

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Travellers Rest (grasmere) Limited is a live company located in blaby, LE8 4DY with a Companies House number of 05906204. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in August 2006, it's largest shareholder is lynne audrey sweeney with a 50% stake. Travellers Rest (grasmere) Limited is a established, small sized company, Pomanda has estimated its turnover at £3.2m with high growth in recent years.

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Pomanda's financial health check has awarded Travellers Rest (Grasmere) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

1 Regular

6 Weak

Size

annual sales of £3.2m, make it smaller than the average company (£4.8m)

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (2.1%)

EXPORT

Travellers Rest (Grasmere) Limited's latest turnover from April 2023 is estimated at £3.2 million and the company has net assets of £484.5 thousand. According to their latest financial statements, Travellers Rest (Grasmere) Limited has 15 employees and maintains cash reserves of £111.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	3,245,488	979,756	1,721,233	1,707,749	4,129,625	3,440,585	1,976,090	3,929,327	3,714,926	3,125,214	3,420,840	3,318,575	3,215,415	2,229,444
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,804,040	599,379	1,445,680	982,992	2,284,806	1,929,785	1,095,185	2,210,425	2,037,433	1,763,327	1,964,740	1,924,183	1,842,671	1,258,615
Gross Profit	1,441,447	380,376	275,554	724,757	1,844,819	1,510,800	880,905	1,718,902	1,677,493	1,361,887	1,456,100	1,394,392	1,372,744	970,828
Admin Expenses	1,389,731	197,685	219,364	693,415	1,811,078	1,525,827	879,439	1,705,913	1,642,077	1,365,952	1,425,578	1,406,710	1,350,426	773,192
Operating Profit	51,716	182,691	56,190	31,342	33,741	-15,027	1,466	12,989	35,416	-4,065	30,522	-12,318	22,318	197,636
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	301	301	0
Interest Receivable	8,664	1,109	0	0	0	152	201	337	132	95	51	0	18	18
Pre-Tax Profit	60,380	183,800	56,190	31,342	33,741	-14,875	1,667	13,326	35,548	-3,970	30,573	-12,619	22,035	197,654
Tax	-15,095	-34,922	-10,676	-5,955	-6,411	0	-317	-2,665	-7,109	0	-7,032	0	-5,729	-55,343
Profit After Tax	45,285	148,878	45,514	25,387	27,330	-14,875	1,350	10,661	28,438	-3,970	23,541	-12,619	16,306	142,311
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	45,285	148,878	45,514	25,387	27,330	-14,875	1,350	10,661	28,438	-3,970	23,541	-12,619	16,306	142,311
Employee Costs	332,880	281,754	185,598	153,830	807,192	687,443	401,997	803,477	766,241	621,213	705,794	682,412	693,167	475,017
Number Of Employees	15	14	10	8	43	38	23	47	47	40	46	45	45	32
EBITDA*	78,616	200,691	56,190	31,342	33,741	-15,027	11,466	38,608	60,416	20,935	55,522	12,682	47,832	222,248

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	122,700	140,700	167,700	175,620	143,460	149,687	131,947	102,800	105,300	112,300	42,000	49,000	56,000	63,514
Intangible Assets	100	9,000	0	0	0	0	9,000	9,000	27,000	45,000	63,000	81,000	99,000	117,000
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	122,800	149,700	167,700	175,620	143,460	149,687	140,947	111,800	132,300	157,300	105,000	130,000	155,000	180,514
Stock & work in progress	5,290	4,640	0	0	0	0	9,110	8,880	9,757	9,545	10,008	11,718	11,514	12,728
Trade Debtors	385,643	121,718	191,607	175,975	216,785	187,692	116,436	231,563	241,954	204,395	218,763	218,763	218,763	150,763
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	111,923	295,809	0	0	0	0	60,674	99,816	35,115	17,498	20,413	0	0	7,389
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	502,856	422,167	191,607	175,975	216,785	187,692	186,220	340,259	286,826	231,438	249,184	230,481	230,277	170,880
total assets	625,656	571,867	359,307	351,595	360,245	337,379	327,167	452,059	419,126	388,738	354,184	360,481	385,277	351,394
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	9,258	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	141,119	132,615	69,933	107,735	141,772	146,236	120,149	246,391	224,119	222,169	183,645	213,483	216,402	208,083
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	141,119	132,615	69,933	107,735	141,772	146,236	120,149	246,391	224,119	222,169	183,645	213,483	225,660	208,083
loans	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
Accruals and Deferred Income	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
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	141,119	132,615	69,933	107,735	141,772	146,236	120,149	246,391	224,119	222,169	183,645	213,483	225,660	208,083
net assets	484,537	439,252	289,374	243,860	218,473	191,143	207,018	205,668	195,007	166,569	170,539	146,998	159,617	143,311
total shareholders funds	484,537	439,252	289,374	243,860	218,473	191,143	207,018	205,668	195,007	166,569	170,539	146,998	159,617	143,311

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	51,716	182,691	56,190	31,342	33,741	-15,027	1,466	12,989	35,416	-4,065	30,522	-12,318	22,318	197,636
Depreciation	18,000	18,000	0	0	0	0	10,000	7,619	7,000	7,000	7,000	7,000	7,514	6,612
Amortisation	8,900	0	0	0	0	0	0	18,000	18,000	18,000	18,000	18,000	18,000	18,000
Tax	-15,095	-34,922	-10,676	-5,955	-6,411	0	-317	-2,665	-7,109	0	-7,032	0	-5,729	-55,343
Stock	650	4,640	0	0	0	-9,110	230	-877	212	-463	-1,710	204	-1,214	12,728
Debtors	263,925	-69,889	15,632	-40,810	29,093	71,256	-115,127	-10,391	37,559	-14,368	0	0	68,000	150,763
Creditors	8,504	62,682	-37,802	-34,037	-4,464	26,087	-126,242	22,272	1,950	38,524	-29,838	-2,919	8,319	208,083
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-192,550	293,700	-7,920	32,160	-6,227	-51,086	-196	69,483	17,486	74,290	20,362	9,559	-16,364	211,497
Investing Activities
capital expenditure	0	0	7,920	-32,160	6,227	-8,740	-39,147	-5,119	0	-77,300	0	0	0	-205,126
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	7,920	-32,160	6,227	-8,740	-39,147	-5,119	0	-77,300	0	0	0	-205,126
Financing Activities
Bank loans	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	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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
share issue	0	1,000	0	0	0	-1,000	0	0	0	0	0	0	0	1,000
interest	8,664	1,109	0	0	0	152	201	337	132	95	51	-301	-283	18
cash flow from financing	8,664	2,109	0	0	0	-848	201	337	132	95	51	-301	-283	1,018
cash and cash equivalents
cash	-183,886	295,809	0	0	0	-60,674	-39,142	64,701	17,617	-2,915	20,413	0	-7,389	7,389
overdraft	0	0	0	0	0	0	0	0	0	0	0	-9,258	9,258	0
change in cash	-183,886	295,809	0	0	0	-60,674	-39,142	64,701	17,617	-2,915	20,413	9,258	-16,647	7,389

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TRAVELLERS REST (GRASMERE) LIMITED group structure

Travellers Rest (Grasmere) Limited has no subsidiary companies.

Ultimate parent company

TRAVELLERS REST (GRASMERE) LIMITED

05906204

TRAVELLERS REST (GRASMERE) LIMITED Shareholders

lynne audrey sweeney	50%
derek sweeney	50%

Travellers Rest (Grasmere) Limited currently has 2 directors. The longest serving directors include Mr Derek Sweeney (Aug 2006) and Ms Lynne Sweeney (Aug 2006).

officer	country	age	start	end	role
Mr Derek Sweeney		67 years	Aug 2006	-	Director
Ms Lynne Sweeney		63 years	Aug 2006	-	Director

P&L

April 2023

turnover

3.2m

+231%

operating profit

51.7k

gross margin

44.5%

+14.4%

turnover

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

Balance Sheet

April 2023

net assets

484.5k

+0.1%

total assets

625.7k

+0.09%

cash

111.9k

-0.62%

net assets

Total assets minus all liabilities

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company number

05906204

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

August 2006

ultimate parent company

None

previous names

N/A

address

suite 2 rosehill, 165 lutterworth road, blaby, leicester, LE8 4DY

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 travellers rest (grasmere) limited.

travellers rest (grasmere) limited Company Information

travellers rest (grasmere) limited Estimated Valuation

travellers rest (grasmere) limited Estimated Valuation

travellers rest (grasmere) limited Estimated Valuation

Travellers Rest (grasmere) Limited Overview

Travellers Rest (grasmere) Limited Health Check

TRAVELLERS REST (GRASMERE) LIMITED financials

travellers rest (grasmere) limited Credit Report and Business Information

Travellers Rest (grasmere) Limited Competitor Analysis

travellers rest (grasmere) limited Ownership

travellers rest (grasmere) limited directors

travellers rest (grasmere) limited company details

travellers rest (grasmere) limited Charges & Mortgages

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