Hotel East Midlands Limited

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hotel east midlands limited Company Information

Live

EstablishedMidHealthy

Company Number

07110802

Next Accounts

76 days late

Industry

Hotels and similar accommodation

Directors

Ali Sarikhani

Jane Sadr-Hashemi

Shareholders

velvet bay limited

Group Structure

View All

Contact

Registered Address

1st floor 5 wigmore street, london, W1U 1PB

Website

http://azurehotels.com

hotel east midlands limited Estimated Valuation

£12.3m

Pomanda estimates the enterprise value of HOTEL EAST MIDLANDS LIMITED at £12.3m based on a Turnover of £9.3m and 1.33x industry multiple (adjusted for size and gross margin).

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Hotel East Midlands Limited is a live company located in london, W1U 1PB with a Companies House number of 07110802. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in December 2009, it's largest shareholder is velvet bay limited with a 100% stake. Hotel East Midlands Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Hotel East Midlands Limited a 4 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

Health Rating4out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £9.3m, make it larger than the average company (£3.9m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (-2.8%)

EXPORT

Hotel East Midlands Limited's latest turnover from December 2022 is estimated at £9.3 million and the company has net assets of £282.4 thousand. According to their latest financial statements, Hotel East Midlands Limited has 137 employees and maintains cash reserves of £2.7 million 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
Turnover	9,262,111	5,029,182	7,131,530	8,080,367	8,004,536	7,529,995	9,407,211	7,774,805	7,863,528	18,298,889	13,738,163	10,622,501	19,372
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,625,644	2,391,566	3,131,946	3,146,649	3,168,940	3,475,520	3,514,293	2,888,819	2,927,151	7,109,223	5,155,227	4,191,800	7,145
Gross Profit	5,636,467	2,637,616	3,999,584	4,933,718	4,835,596	4,054,475	5,892,918	4,885,986	4,936,377	11,189,666	8,582,936	6,430,701	12,227
Admin Expenses	6,144,659	1,336,297	4,829,484	4,591,916	4,541,736	3,912,185	5,526,358	4,658,033	5,077,970	11,267,759	8,810,160	6,713,964	15,730
Operating Profit	-508,192	1,301,319	-829,900	341,802	293,860	142,290	366,560	227,953	-141,593	-78,093	-227,224	-283,263	-3,503
Interest Payable	9,394	13,853	7,489	0	0	0	0	0	0	0	0	0	0
Interest Receivable	114,940	7,995	2,152	0	0	0	964	1,829	1,421	687	664	579	29
Pre-Tax Profit	-402,645	1,295,460	-835,237	287,243	293,860	142,290	367,524	229,783	-140,172	-77,406	-226,560	-282,684	-3,474
Tax	0	-246,137	0	0	0	0	-73,505	-45,956	0	0	0	0	0
Profit After Tax	-402,645	1,049,323	-835,237	287,243	293,860	142,290	294,019	183,826	-140,172	-77,406	-226,560	-282,684	-3,474
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-402,645	1,049,323	-835,237	287,243	293,860	142,290	294,019	183,826	-140,172	-77,406	-226,560	-282,684	-3,474
Employee Costs	3,044,230	1,565,006	1,830,138	2,432,926	2,417,937	2,281,732	2,201,017	1,907,536	1,910,295	5,918,643	4,454,979	3,386,516	15,971
Number Of Employees	137	80	94	124	127	126	123	100	100	369	282	212	1
EBITDA*	-506,248	1,303,263	-827,956	343,746	295,804	144,234	368,504	229,897	-139,649	-67,123	-219,605	-281,320	-3,503

* 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
Tangible Assets	13,594	15,538	17,482	19,426	21,370	23,314	25,258	27,202	29,146	79,097	55,955	34,976	36,919
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	13,594	15,538	17,482	19,426	21,370	23,314	25,258	27,202	29,146	79,097	55,955	34,976	36,919
Stock & work in progress	33,447	26,219	22,756	29,618	23,276	22,864	24,650	18,584	47,067	31,237	16,329	21,650	0
Trade Debtors	348,680	223,415	269,855	432,448	492,500	379,984	424,511	387,213	438,150	717,725	545,040	412,042	26
Group Debtors	0	480,000	400,000	180,797	0	0	0	0	0	0	0	0	0
Misc Debtors	268,625	109,503	107,795	221,355	172,688	202,842	229,354	460,360	188,624	0	0	0	0
Cash	2,663,102	3,904,916	2,490,781	1,813,085	1,605,335	1,147,670	378,706	392,671	339,096	229,361	45,493	219,917	11,756
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,313,854	4,744,053	3,291,187	2,677,303	2,293,799	1,753,360	1,057,221	1,258,828	1,012,937	978,323	606,862	653,609	11,782
total assets	3,327,448	4,759,591	3,308,669	2,696,729	2,315,169	1,776,674	1,082,479	1,286,030	1,042,083	1,057,420	662,817	688,585	48,701
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	124,934	47,589	0	0	0	0	0	0	0	0	0	0
Trade Creditors	222,899	2,201,825	1,416,540	402,818	545,155	310,203	371,360	305,181	171,975	1,647,543	1,175,534	974,742	52,174
Group/Directors Accounts	0	0	0	404,018	10,771	10,188	9,631	925,507	1,147,412	0	0	0	0
other short term finances	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
other current liabilities	2,822,164	1,674,977	1,260,403	1,418,949	1,575,542	1,566,443	953,938	601,811	452,991	0	0	0	0
total current liabilities	3,045,063	4,001,736	2,724,532	2,225,785	2,131,468	1,886,834	1,334,929	1,832,499	1,772,378	1,647,543	1,175,534	974,742	52,174
loans	0	72,825	197,942	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
Accruals and Deferred Income	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
provisions	0	0	750,488	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	72,825	948,430	0	0	0	0	0	0	0	0	0	0
total liabilities	3,045,063	4,074,561	3,672,962	2,225,785	2,131,468	1,886,834	1,334,929	1,832,499	1,772,378	1,647,543	1,175,534	974,742	52,174
net assets	282,385	685,030	-364,293	470,944	183,701	-110,160	-252,450	-546,469	-730,295	-590,123	-512,717	-286,157	-3,473
total shareholders funds	282,385	685,030	-364,293	470,944	183,701	-110,160	-252,450	-546,469	-730,295	-590,123	-512,717	-286,157	-3,473

	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
Operating Activities
Operating Profit	-508,192	1,301,319	-829,900	341,802	293,860	142,290	366,560	227,953	-141,593	-78,093	-227,224	-283,263	-3,503
Depreciation	1,944	1,944	1,944	1,944	1,944	1,944	1,944	1,944	1,944	10,970	7,619	1,943	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-246,137	0	0	0	0	-73,505	-45,956	0	0	0	0	0
Stock	7,228	3,463	-6,862	6,342	412	-1,786	6,066	-28,483	15,830	14,908	-5,321	21,650	0
Debtors	-195,613	35,268	-56,950	169,412	82,362	-71,039	-193,708	220,799	-90,951	172,685	132,998	412,016	26
Creditors	-1,978,926	785,285	1,013,722	-142,337	234,952	-61,157	66,179	133,206	-1,475,568	472,009	200,792	922,568	52,174
Accruals and Deferred Income	1,147,187	414,574	-158,546	-156,593	9,099	612,505	352,127	148,820	452,991	0	0	0	0
Deferred Taxes & Provisions	0	-750,488	750,488	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-1,149,602	1,467,766	841,520	-130,938	457,081	768,407	900,947	273,651	-1,087,105	217,293	-146,490	207,582	48,645
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	48,007	-34,112	-28,598	0	-36,919
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	48,007	-34,112	-28,598	0	-36,919
Financing Activities
Bank loans	-124,934	77,345	47,589	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-404,018	393,247	583	557	-915,876	-221,905	1,147,412	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-72,825	-125,117	197,942	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	1	0	0	0	0	0	0	0	1
interest	105,546	-5,858	-5,337	0	0	0	964	1,829	1,421	687	664	579	29
cash flow from financing	-92,213	-53,630	-163,824	393,247	584	557	-914,912	-220,076	1,148,833	687	664	579	30
cash and cash equivalents
cash	-1,241,814	1,414,135	677,696	207,750	457,665	768,964	-13,965	53,575	109,735	183,868	-174,424	208,161	11,756
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,241,814	1,414,135	677,696	207,750	457,665	768,964	-13,965	53,575	109,735	183,868	-174,424	208,161	11,756

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HOTEL EAST MIDLANDS LIMITED group structure

Hotel East Midlands Limited has no subsidiary companies.

Ultimate parent company

VELVET BAY LTD

#0128051

1 parent

HOTEL EAST MIDLANDS LIMITED

07110802

HOTEL EAST MIDLANDS LIMITED Shareholders

velvet bay limited

100%

Hotel East Midlands Limited currently has 2 directors. The longest serving directors include Mr Ali Sarikhani (Jun 2020) and Mrs Jane Sadr-Hashemi (Nov 2023).

officer	country	age	start	end	role
Mr Ali Sarikhani	England	78 years	Jun 2020	-	Director
Mrs Jane Sadr-Hashemi		78 years	Nov 2023	-	Director

P&L

December 2022

turnover

9.3m

+84%

operating profit

-508.2k

gross margin

60.9%

+16.03%

turnover

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

Balance Sheet

December 2022

net assets

282.4k

-0.59%

total assets

3.3m

-0.3%

cash

2.7m

-0.32%

net assets

Total assets minus all liabilities

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company number

07110802

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

December 2009

ultimate parent company

VELVET BAY LTD

previous names

azure east midlands limited (March 2022)

address

1st floor 5 wigmore street, london, W1U 1PB

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 1 charges/mortgages relating to hotel east midlands limited. Currently there are 0 open charges and 1 have been satisfied in the past.

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hotel east midlands limited Company Information

hotel east midlands limited Estimated Valuation

hotel east midlands limited Estimated Valuation

hotel east midlands limited Estimated Valuation

Hotel East Midlands Limited Overview

Hotel East Midlands Limited Health Check

HOTEL EAST MIDLANDS LIMITED financials

hotel east midlands limited Credit Report and Business Information

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hotel east midlands limited Ownership

hotel east midlands limited directors

hotel east midlands limited company details

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hotel east midlands limited Companies House Filings - See Documents