Waterfront Hotels (southport) Limited

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waterfront hotels (southport) limited Company Information

Live (In Receivership)

EstablishedMidHigh

Company Number

06190786

Website

https://blisshotels.co.uk

Registered Address

the white building, 1-4 cumberland place, southampton, SO15 2NP

Industry

Hotels and similar accommodation

Telephone

448000284244

Next Accounts Due

647 days late

Group Structure

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Directors

Kevin Potter7 Years

Jiten Nayak2 Years

Shareholders

bliss hotels limited 100%

waterfront hotels (southport) limited Estimated Valuation

£6.4m

Pomanda estimates the enterprise value of WATERFRONT HOTELS (SOUTHPORT) LIMITED at £6.4m based on a Turnover of £5.2m and 1.22x industry multiple (adjusted for size and gross margin).

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Waterfront Hotels (southport) Limited is a live company located in southampton, SO15 2NP with a Companies House number of 06190786. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in March 2007, it's largest shareholder is bliss hotels limited with a 100% stake. Waterfront Hotels (southport) Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.2m with high growth in recent years.

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Pomanda's financial health check has awarded Waterfront Hotels (Southport) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

4 Regular

2 Weak

Size

annual sales of £5.2m, make it larger than the average company (£3.3m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (-4.8%)

EXPORT

Waterfront Hotels (Southport) Limited's latest turnover from December 2020 is estimated at £5.2 million and the company has net assets of £1.2 million. According to their latest financial statements, Waterfront Hotels (Southport) Limited has 136 employees and maintains cash reserves of £140.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	5,245,456	4,712,575	4,212,945	3,300,548	3,508,529	3,344,226	13,261,907	20,674,193	8,785,678	8,015,883	12,936,930	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,299,889	1,878,402	1,647,506	1,294,210	1,325,729	1,252,465	4,963,713	8,049,008	3,321,336	3,164,734	4,781,579	0
Gross Profit	2,945,567	2,834,173	2,565,439	2,006,337	2,182,801	2,091,761	8,298,194	12,625,185	5,464,342	4,851,149	8,155,351	0
Admin Expenses	3,864,790	2,233,801	1,683,150	1,104,741	2,107,950	780,680	8,053,418	12,089,343	5,408,128	4,822,204	8,566,635	896,667
Operating Profit	-919,223	600,372	882,289	901,596	74,851	1,311,081	244,776	535,842	56,214	28,945	-411,284	-896,667
Interest Payable	120,085	46,763	3,908	22	7,912	8,206	0	0	0	65,000	65,000	0
Interest Receivable	96	206	373	551	267	763	561	167	163	216	205	8
Pre-Tax Profit	-1,039,211	553,815	878,754	902,125	67,206	1,303,638	245,337	536,009	56,378	-35,839	-476,079	-896,659
Tax	0	-105,225	-166,963	-171,404	-13,441	-260,727	-51,521	-123,282	-13,531	0	0	0
Profit After Tax	-1,039,211	448,590	711,791	730,721	53,765	1,042,910	193,816	412,727	42,847	-35,839	-476,079	-896,659
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,039,211	448,590	711,791	730,721	53,765	1,042,910	193,816	412,727	42,847	-35,839	-476,079	-896,659
Employee Costs	2,650,053	2,292,655	2,005,555	1,862,358	1,858,442	1,882,863	4,190,179	6,633,880	2,831,799	2,561,614	4,180,364	0
Number Of Employees	136	117	106	103	104	108	257	417	181	161	262	0
EBITDA*	-450,829	732,990	995,844	1,031,467	124,732	1,386,332	334,168	637,643	158,026	73,313	-150,268	-630,777

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	3,050,443	2,522,682	977,904	908,531	895,974	934,087	972,968	1,019,747	1,060,380	912,560	769,672	1,512,577
Intangible Assets	37,462	32,104	37,109	5,105	8,410	8,165	4,171	4,093	9,479	15,751	21,220	20,052
Investments & Other	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
Total Fixed Assets	3,087,905	2,554,786	1,015,013	913,636	904,384	942,252	977,139	1,023,840	1,069,859	928,311	790,892	1,532,629
Stock & work in progress	22,348	22,348	23,143	21,834	23,067	29,516	24,432	22,005	19,920	14,492	15,655	17,312
Trade Debtors	0	61,794	68,445	20,231	32,850	22,541	540,754	828,040	343,041	308,084	523,664	557,832
Group Debtors	2,005,531	1,808,438	0	642,168	248,153	405,095	0	0	0	0	0	0
Misc Debtors	64,750	234,413	0	141,469	0	0	0	0	0	0	0	0
Cash	140,626	52,142	2,900	96,526	123,796	90,178	214,881	9,349	57,606	7,752	78,831	3,324
misc current assets	0	0	0	0	0	0	0	210,924	307,323	353,942	359,275	238,352
total current assets	2,233,255	2,179,135	1,737,865	922,228	427,866	547,330	780,067	1,070,318	727,890	684,270	977,425	816,820
total assets	5,321,160	4,733,921	2,752,878	1,835,864	1,332,250	1,489,582	1,757,206	2,094,158	1,797,749	1,612,581	1,768,317	2,349,449
Bank overdraft	0	0	64,806	0	0	0	0	0	0	0	0	0
Bank loan	6,667	0	0	0	690	102,500	0	0	0	0	0	0
Trade Creditors	457,609	582,932	231,429	247,092	197,568	262,978	995,636	1,267,553	1,133,872	1,021,015	1,140,955	1,246,008
Group/Directors Accounts	357,875	0	0	0	110,000	0	0	0	0	0	0	0
other short term finances	0	0	50,974	0	0	0	0	0	0	0	0	0
hp & lease commitments	55,358	60,116	0	12,559	0	0	0	0	0	0	0	0
other current liabilities	452,158	245,795	0	420,169	668,162	690,238	0	0	0	0	0	0
total current liabilities	1,329,667	888,843	814,076	679,820	976,420	1,055,716	995,636	1,267,553	1,133,872	1,021,015	1,140,955	1,246,008
loans	2,660,727	1,269,804	0	0	0	150,000	0	0	0	0	2,000,000	0
hp & lease commitments	141,244	170,346	0	54,995	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	1,520,614	1,779,465	2,029,464	0	0	0
provisions	0	176,195	0	32,697	18,199	0	0	0	0	2,000,000	0	2,000,000
total long term liabilities	2,801,971	1,616,345	158,659	87,692	18,199	150,000	1,520,614	1,779,465	2,029,464	2,000,000	2,000,000	2,000,000
total liabilities	4,131,638	2,505,188	972,735	767,512	994,619	1,205,716	2,516,250	3,047,018	3,163,336	3,021,015	3,140,955	3,246,008
net assets	1,189,522	2,228,733	1,780,143	1,068,352	337,631	283,866	-759,044	-952,860	-1,365,587	-1,408,434	-1,372,638	-896,559
total shareholders funds	1,189,522	2,228,733	1,780,143	1,068,352	337,631	283,866	-759,044	-952,860	-1,365,587	-1,408,434	-1,372,638	-896,559

	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	-919,223	600,372	882,289	901,596	74,851	1,311,081	244,776	535,842	56,214	28,945	-411,284	-896,667
Depreciation	451,217	120,063	113,555	126,566	47,039	72,636	85,945	96,415	91,467	32,709	250,904	258,599
Amortisation	17,177	12,555	0	3,305	2,842	2,615	3,447	5,386	10,345	11,659	10,112	7,291
Tax	0	-105,225	-166,963	-171,404	-13,441	-260,727	-51,521	-123,282	-13,531	0	0	0
Stock	0	-795	1,309	-1,233	-6,449	5,084	2,427	2,085	5,428	-1,163	-1,657	17,312
Debtors	-34,364	2,036,200	-735,423	522,865	-146,633	-113,118	-287,286	484,999	34,957	-215,580	-34,168	557,832
Creditors	-125,323	351,503	-15,663	49,524	-65,410	-732,658	-271,917	133,681	112,857	-119,940	-105,053	1,246,008
Accruals and Deferred Income	206,363	245,795	-420,169	-247,993	-22,076	690,238	0	0	0	0	0	0
Deferred Taxes & Provisions	-176,195	176,195	-32,697	14,498	18,199	0	0	0	-2,000,000	2,000,000	-2,000,000	2,000,000
Cash flow from operations	-511,620	-634,147	1,094,466	154,460	195,086	1,191,219	295,589	160,958	-1,783,033	2,170,116	-2,219,496	2,040,087
Investing Activities
capital expenditure	-1,001,513	-1,672,391	-214,932	-139,123	-12,013	-40,364	-42,691	-55,782	-243,360	-181,787	480,721	-1,798,519
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,001,513	-1,672,391	-214,932	-139,123	-12,013	-40,364	-42,691	-55,782	-243,360	-181,787	480,721	-1,798,519
Financing Activities
Bank loans	6,667	0	0	-690	-101,810	102,500	0	0	0	0	0	0
Group/Directors Accounts	357,875	0	0	-110,000	110,000	0	0	0	0	0	0	0
Other Short Term Loans	0	-50,974	50,974	0	0	0	0	0	0	0	0	0
Long term loans	1,390,923	1,269,804	0	0	-150,000	150,000	0	0	0	-2,000,000	2,000,000	0
Hire Purchase and Lease Commitments	-33,860	230,462	-67,554	67,554	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-1,520,614	-258,851	-249,999	2,029,464	0	0	0
share issue	0	0	0	0	0	0	0	0	0	43	0	100
interest	-119,989	-46,557	-3,535	529	-7,645	-7,443	561	167	163	-64,784	-64,795	8
cash flow from financing	1,601,616	1,402,735	-20,115	-42,607	-149,455	-1,275,557	-258,290	-249,832	2,029,627	-2,064,741	1,935,205	108
cash and cash equivalents
cash	88,484	49,242	-93,626	-27,270	33,618	-124,703	205,532	-48,257	49,854	-71,079	75,507	3,324
overdraft	0	-64,806	64,806	0	0	0	0	0	0	0	0	0
change in cash	88,484	114,048	-158,432	-27,270	33,618	-124,703	205,532	-48,257	49,854	-71,079	75,507	3,324

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WATERFRONT HOTELS (SOUTHPORT) LIMITED group structure

Waterfront Hotels (Southport) Limited has no subsidiary companies.

Ultimate parent company

WATERFRONT SOUTHPORT HOLDINGS LIMITED

11741625

WATERFRONT SOUTHPORT PROPERTIES LIMITED

07707203

2 parents

WATERFRONT HOTELS (SOUTHPORT) LIMITED

06190786

WATERFRONT HOTELS (SOUTHPORT) LIMITED Shareholders

bliss hotels limited

100%

Waterfront Hotels (Southport) Limited currently has 2 directors. The longest serving directors include Mr Kevin Potter (May 2017) and Mr Jiten Nayak (Jun 2022).

officer	country	age	start	end	role
Mr Kevin Potter	United Kingdom	52 years	May 2017	-	Director
Mr Jiten Nayak	England	41 years	Jun 2022	-	Director

P&L

December 2020

turnover

5.2m

+11%

operating profit

-919.2k

gross margin

56.2%

-6.63%

turnover

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

Balance Sheet

December 2020

net assets

1.2m

-0.47%

total assets

5.3m

+0.12%

cash

140.6k

+1.7%

net assets

Total assets minus all liabilities

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company number

06190786

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

March 2007

age

accounts

Small Company

ultimate parent company

WATERFRONT SOUTHPORT HOLDINGS LIMITED

previous names

bliss hotels (southport) limited (February 2022)

even southport limited (January 2017)

incorporated

address

the white building, 1-4 cumberland place, southampton, SO15 2NP

last accounts submitted

December 2020

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 10 charges/mortgages relating to waterfront hotels (southport) limited. Currently there are 1 open charges and 9 have been satisfied in the past.

waterfront hotels (southport) limited Company Information

waterfront hotels (southport) limited Estimated Valuation

waterfront hotels (southport) limited Estimated Valuation

waterfront hotels (southport) limited Estimated Valuation

Waterfront Hotels (southport) Limited Overview

Waterfront Hotels (southport) Limited Health Check

WATERFRONT HOTELS (SOUTHPORT) LIMITED financials

waterfront hotels (southport) limited Credit Report and Business Information

Waterfront Hotels (southport) Limited Competitor Analysis

waterfront hotels (southport) limited Ownership

waterfront hotels (southport) limited directors

waterfront hotels (southport) limited company details

waterfront hotels (southport) limited Charges & Mortgages

waterfront hotels (southport) limited Companies House Filings - See Documents