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turtle bay hospitality limited

turtle bay hospitality limited Company Information

Share TURTLE BAY HOSPITALITY LIMITED
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EstablishedLargeRapid

Company Number

07127647

Industry

Licensed restaurants

 

Directors

Crispin Tweddell

Christopher Curry

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Shareholders

piper nominee iv limited

piper investment iv limited

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Group Structure

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Contact

Registered Address

8 broad quay, bristol, BS1 4DA

Website

www.turtlebay.co.uk

turtle bay hospitality limited Estimated Valuation

£128.5m

Pomanda estimates the enterprise value of TURTLE BAY HOSPITALITY LIMITED at £128.5m based on a Turnover of £93.7m and 1.37x industry multiple (adjusted for size and gross margin).

turtle bay hospitality limited Estimated Valuation

£64.4m

Pomanda estimates the enterprise value of TURTLE BAY HOSPITALITY LIMITED at £64.4m based on an EBITDA of £7.1m and a 9.08x industry multiple (adjusted for size and gross margin).

turtle bay hospitality limited Estimated Valuation

£54.4m

Pomanda estimates the enterprise value of TURTLE BAY HOSPITALITY LIMITED at £54.4m based on Net Assets of £20.3m and 2.67x industry multiple (adjusted for liquidity).

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Turtle Bay Hospitality Limited Overview

Turtle Bay Hospitality Limited is a live company located in bristol, BS1 4DA with a Companies House number of 07127647. It operates in the licenced restaurants sector, SIC Code 56101. Founded in January 2010, it's largest shareholder is piper nominee iv limited with a 76.8% stake. Turtle Bay Hospitality Limited is a established, large sized company, Pomanda has estimated its turnover at £93.7m with rapid growth in recent years.

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Turtle Bay Hospitality Limited Health Check

Pomanda's financial health check has awarded Turtle Bay Hospitality Limited a 3.5 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

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £93.7m, make it larger than the average company (£2m)

£93.7m - Turtle Bay Hospitality Limited

£2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (17%)

42% - Turtle Bay Hospitality Limited

17% - Industry AVG

production

Production

with a gross margin of 41.8%, this company has a higher cost of product (56.1%)

41.8% - Turtle Bay Hospitality Limited

56.1% - Industry AVG

profitability

Profitability

an operating margin of 2.1% make it less profitable than the average company (2.8%)

2.1% - Turtle Bay Hospitality Limited

2.8% - Industry AVG

employees

Employees

with 2147 employees, this is above the industry average (43)

2147 - Turtle Bay Hospitality Limited

43 - Industry AVG

paystructure

Pay Structure

on an average salary of £17.1k, the company has an equivalent pay structure (£18.9k)

£17.1k - Turtle Bay Hospitality Limited

£18.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £43.6k, this is less efficient (£52.7k)

£43.6k - Turtle Bay Hospitality Limited

£52.7k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Turtle Bay Hospitality Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 45 days, this is close to average (44 days)

45 days - Turtle Bay Hospitality Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 8 days, this is less than average (11 days)

8 days - Turtle Bay Hospitality Limited

11 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (11 weeks)

7 weeks - Turtle Bay Hospitality Limited

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 52.2%, this is a lower level of debt than the average (87.2%)

52.2% - Turtle Bay Hospitality Limited

87.2% - Industry AVG

TURTLE BAY HOSPITALITY LIMITED financials

EXPORTms excel logo

Turtle Bay Hospitality Limited's latest turnover from March 2024 is £93.7 million and the company has net assets of £20.3 million. According to their latest financial statements, Turtle Bay Hospitality Limited has 2,147 employees and maintains cash reserves of £2.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

Mar 2024Apr 2023Mar 2022Mar 2021Feb 2020Mar 2019Feb 2018Feb 2017Mar 2016Mar 2015Mar 2014Feb 2013Feb 2012Feb 2011
Turnover93,657,95390,103,05985,420,57832,536,97363,768,08466,945,22968,098,62363,693,41547,036,36125,962,9379,906,7287,833,9034,006,4096,147,351
Other Income Or Grants00000000000000
Cost Of Sales54,473,82250,903,16645,221,67025,635,45234,014,70634,969,55134,511,13930,533,59022,614,55711,375,1974,884,9933,071,7321,622,6592,411,055
Gross Profit39,184,13139,199,89340,198,9086,901,52129,753,37831,975,67833,587,48433,159,82524,421,80414,587,7405,021,7354,762,1712,383,7503,736,296
Admin Expenses37,195,15728,728,47926,367,3229,623,27135,279,69429,019,16926,936,12624,155,43916,560,8259,942,8792,958,0344,056,4142,255,4333,959,360
Operating Profit1,988,97410,471,41413,831,586-2,721,750-5,526,3162,956,5096,651,3589,004,3867,860,9794,644,8612,063,701705,757128,317-223,064
Interest Payable180,729682,181959,744838,704786,224718,965752,422830,790316,651159,191125,780000
Interest Receivable53,014136,32219,107120,2764,9272,9464,46528,14215,62910,0807,3073,0891,231743
Pre-Tax Profit1,861,2599,925,55512,890,949-3,440,178-6,307,6132,240,4905,903,4018,201,7387,559,9574,495,7501,945,228708,846129,547-222,321
Tax-710,093-2,042,843-2,723,112537,69976,766-840,667-1,467,825-1,881,762-1,504,673-914,100-458,504-170,123-33,6820
Profit After Tax1,151,1667,882,71210,167,837-2,902,479-6,230,8471,399,8234,435,5766,319,9766,055,2843,581,6501,486,724538,72395,865-222,321
Dividends Paid00000005,880,0006,000,000397,1131,125,630000
Retained Profit1,151,1667,882,71210,167,837-2,902,479-6,230,8471,399,8234,435,576439,97655,2843,184,537361,094538,72395,865-222,321
Employee Costs36,608,62233,957,90631,223,27324,183,64924,895,05623,942,06923,531,80220,223,21315,626,9537,913,6872,777,8802,699,8021,390,7311,986,970
Number Of Employees2,1472,0971,9321,4061,5601,6131,5631,4051,09559820718493144
EBITDA*7,096,06514,133,65916,822,839549,877-1,888,6996,816,1579,909,78511,413,8839,251,1715,316,0772,321,885823,592200,910-212,368

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Apr 2023Mar 2022Mar 2021Feb 2020Mar 2019Feb 2018Feb 2017Mar 2016Mar 2015Mar 2014Feb 2013Feb 2012Feb 2011
Tangible Assets35,655,07532,409,12825,761,08024,328,69326,920,05633,492,13334,715,49129,339,86821,312,77510,355,9933,501,1371,483,309934,141511,313
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)0000000000055,18555,1850
Total Fixed Assets35,655,07532,409,12825,761,08024,328,69326,920,05633,492,13334,715,49129,339,86821,312,77510,355,9933,501,1371,538,494989,326511,313
Stock & work in progress1,230,0561,270,1531,005,069625,686753,561982,555905,826677,509479,464240,67476,26147,04136,76116,379
Trade Debtors00000000008,495192,90699,540145,644
Group Debtors00000000000000
Misc Debtors3,221,6513,756,5122,872,8282,844,8131,953,6202,151,8451,543,5091,668,4481,478,2081,082,298386,720000
Cash2,411,5813,508,04714,858,7983,620,0151,912,4701,415,2942,929,4884,779,2622,361,8363,763,9881,881,3521,040,605194,898297,305
misc current assets00000000000000
total current assets6,863,2888,534,71218,736,6957,090,5144,619,6514,549,6945,378,8237,125,2194,319,5085,086,9602,352,8281,280,552331,199459,328
total assets42,518,36340,943,84044,497,77531,419,20731,539,70738,041,82740,094,31436,465,08725,632,28315,442,9535,853,9652,819,0461,320,525970,641
Bank overdraft00000000000000
Bank loan003,150,0001,800,0003,900,0004,225,0003,250,0003,900,0001,575,000459,8330000
Trade Creditors 6,821,1737,000,3244,536,3624,779,6952,265,8901,638,8493,318,9352,911,6023,647,4381,939,285857,996765,240301,596178,770
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities10,172,10210,452,45113,724,0497,027,2485,880,5437,248,1936,748,9727,067,6565,009,6332,849,222904,900000
total current liabilities16,993,27517,452,77521,410,41113,606,94312,046,43313,112,04213,317,90713,879,25810,232,0715,248,3401,762,896765,240301,596178,770
loans009,380,16215,348,14313,205,16213,754,90716,941,60417,751,97111,136,0004,058,288625,000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000001,174,3451,341,5391,045,385914,192
provisions5,188,9494,604,2792,972,1862,061,6183,102,3491,168,5751,156,608743,590628,287355,68492,733000
total long term liabilities5,188,9494,604,27912,352,34817,409,76116,307,51114,923,48218,098,21218,495,56111,764,2874,413,9721,892,0781,341,5391,045,385914,192
total liabilities22,182,22422,057,05433,762,75931,016,70428,353,94428,035,52431,416,11932,374,81921,996,3589,662,3123,654,9742,106,7791,346,9811,092,962
net assets20,336,13918,886,78610,735,016402,5033,185,76310,006,3038,678,1954,090,2683,635,9255,780,6412,198,991712,267-26,456-122,321
total shareholders funds20,336,13918,886,78610,735,016402,5033,185,76310,006,3038,678,1954,090,2683,635,9255,780,6412,198,991712,267-26,456-122,321
Mar 2024Apr 2023Mar 2022Mar 2021Feb 2020Mar 2019Feb 2018Feb 2017Mar 2016Mar 2015Mar 2014Feb 2013Feb 2012Feb 2011
Operating Activities
Operating Profit1,988,97410,471,41413,831,586-2,721,750-5,526,3162,956,5096,651,3589,004,3867,860,9794,644,8612,063,701705,757128,317-223,064
Depreciation5,107,0913,662,2452,991,2533,271,6273,637,6173,859,6483,258,4272,409,4971,390,192671,216258,184117,83572,59310,696
Amortisation00000000000000
Tax-710,093-2,042,843-2,723,112537,69976,766-840,667-1,467,825-1,881,762-1,504,673-914,100-458,504-170,123-33,6820
Stock-40,097265,084379,383-127,875-228,99476,729228,317198,045238,790164,41329,22010,28020,38216,379
Debtors-534,861883,68428,015891,193-198,225608,336-124,939190,240395,910687,083147,12493,3669,081145,644
Creditors-179,1512,463,962-243,3332,513,805627,041-1,680,086407,333-735,8361,708,1531,081,28992,756463,644122,826178,770
Accruals and Deferred Income-280,349-3,271,5986,696,8011,146,705-1,367,650499,221-318,6842,058,0232,160,4111,944,322904,900000
Deferred Taxes & Provisions584,6701,632,093910,568-1,040,7311,933,77411,967413,018115,303272,603262,95192,733000
Cash flow from operations7,086,10011,766,50521,056,3652,944,037-191,5494,121,5278,840,24910,581,32611,252,9656,839,0432,777,4261,013,467260,591-195,621
Investing Activities
capital expenditure00000-2,703,627-8,727,527-11,276,750-12,346,974-7,526,072-2,276,012-667,003-495,421-522,009
Change in Investments00000000000000
cash flow from investments00000-2,703,627-8,727,527-11,276,750-12,346,974-7,526,072-2,276,012-667,003-495,421-522,009
Financing Activities
Bank loans0-3,150,0001,350,000-2,100,000-325,000975,000-650,0002,325,0001,115,167459,8330000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans0-9,380,162-5,967,9812,142,981-549,745-3,186,697-810,3676,615,9717,077,7123,433,288625,000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities000000000-1,174,345-167,194296,154131,193914,192
share issue298,187269,058164,676119,219-589,693-71,715152,35114,367-2,200,000397,1131,125,630200,0000100,000
interest-127,715-545,859-940,637-718,428-781,297-716,019-747,957-802,648-301,022-149,111-118,4733,0891,231743
cash flow from financing170,472-12,806,963-5,393,942-556,228-2,245,735-2,999,431-2,055,9738,152,6905,691,8572,966,7781,464,963499,243132,4241,014,935
cash and cash equivalents
cash-1,096,466-11,350,75111,238,7831,707,545497,176-1,514,194-1,849,7742,417,426-1,402,1521,882,636840,747845,707-102,407297,305
overdraft00000000000000
change in cash-1,096,466-11,350,75111,238,7831,707,545497,176-1,514,194-1,849,7742,417,426-1,402,1521,882,636840,747845,707-102,407297,305

turtle bay hospitality limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Turtle Bay Hospitality Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for turtle bay hospitality limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other large companies, companies in BS1 area or any other competitors across 12 key performance metrics.

turtle bay hospitality limited Ownership

TURTLE BAY HOSPITALITY LIMITED group structure

Turtle Bay Hospitality Limited has no subsidiary companies.

Ultimate parent company

TURTLE BAY HOSPITALITY LIMITED

07127647

TURTLE BAY HOSPITALITY LIMITED Shareholders

The largest shareholders in Turtle Bay Hospitality Limited include Piper Nominee Iv Limited and Piper Investment Iv Limited.

piper nominee iv limited 76.81%
piper investment iv limited 5.88%
piper private equity fund v lp 4.9%
ajith jaya wickrema 4.86%
crispin tweddell 2.65%
susan tweddell 2.65%
iq-eq (jersey) limited 1.77%
roger gascoigne 0.32%
stephen entwistle 0.16%

turtle bay hospitality limited directors

Turtle Bay Hospitality Limited currently has 6 directors. The longest serving directors include Mr Crispin Tweddell (Jan 2010) and Mr Christopher Curry (Nov 2014).

officercountryagestartendrole
Mr Crispin TweddellEngland77 years Jan 2010- Director
Mr Christopher Curry66 years Nov 2014- Director
Mrs Jane O'RiordanUnited Kingdom60 years Jan 2019- Director
Mr Steven Robinson45 years Jan 2020- Director
Mr Nicholas CrossleyEngland57 years Feb 2021- Director
Mr Ajith JayawickremaEngland62 years Aug 2024- Director

P&L

March 2024

turnover

93.7m

+4%

operating profit

2m

-81%

gross margin

41.9%

-3.83%

turnover

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

Balance Sheet

March 2024

net assets

20.3m

+0.08%

total assets

42.5m

+0.04%

cash

2.4m

-0.31%

net assets

Total assets minus all liabilities

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turtle bay hospitality limited company details

company number

07127647

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

incorporation date

January 2010

age

14

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

March 2024

previous names

turtle bay restaurants limited (December 2021)

accountant

-

auditor

RSM UK AUDIT LLP

address

8 broad quay, bristol, BS1 4DA

Bank

-

Legal Advisor

-

turtle bay hospitality 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 4 charges/mortgages relating to turtle bay hospitality limited. Currently there are 4 open charges and 0 have been satisfied in the past.

turtle bay hospitality 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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turtle bay hospitality limited Companies House Filings - See Documents

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