Blakes Management Limited

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blakes management limited Company Information

Live

EstablishedSmallDeclining

Company Number

07365480

Website

www.blakesfinancial.com

Registered Address

blakes hotel 33 roland gardens, kensington, london, SW7 3PF

Industry

Hotels and similar accommodation

Telephone

01296415585

Next Accounts Due

9 days late

Group Structure

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Directors

Adrian Olivero1 Years

Nguyen Anh0 Years

Shareholders

meir abutbul 50%

seyed navid mirtorabi 50%

blakes management limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of BLAKES MANAGEMENT LIMITED at £1.8m based on an EBITDA of £399.7k and a 4.59x industry multiple (adjusted for size and gross margin).

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Blakes Management Limited is a live company located in london, SW7 3PF with a Companies House number of 07365480. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in September 2010, it's largest shareholder is meir abutbul with a 50% stake. Blakes Management Limited is a established, small sized company, Pomanda has estimated its turnover at £864.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Blakes Management Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £864.7k, make it smaller than the average company (£3.9m)

Growth

3 year (CAGR) sales growth of -43%, show it is growing at a slower rate (-2.9%)

EXPORT

Blakes Management Limited's latest turnover from December 2022 is estimated at £864.7 thousand and the company has net assets of -£7.9 million. According to their latest financial statements, Blakes Management Limited has 15 employees and maintains cash reserves of £233.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	864,657	1,166,873	1,671,299	3,117,418	4,559,640	4,305,572	3,648,946	2,397,477	19,218,399	17,708,022	18,213,329	4,243,505	1,902,650
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	341,747	554,578	856,580	1,260,434	1,786,977	1,700,836	1,423,376	933,503	7,405,447	7,143,965	7,355,877	1,714,015	743,744
Gross Profit	522,910	612,295	814,719	1,856,984	2,772,664	2,604,735	2,225,570	1,463,974	11,812,952	10,564,057	10,857,451	2,529,489	1,158,907
Admin Expenses	1,148,564	2,565,771	2,056,929	2,895,130	3,128,846	2,387,157	2,479,051	2,872,392	12,308,462	10,404,750	11,129,300	3,019,915	1,444,715
Operating Profit	-625,654	-1,953,476	-1,242,210	-1,038,146	-356,182	217,578	-253,481	-1,408,418	-495,510	159,307	-271,849	-490,426	-285,808
Interest Payable	849,101	200,405	140,272	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,447	404	182	322	3,337	2,314	687	559	132	215	421	314	107
Pre-Tax Profit	-1,470,307	-2,153,477	-1,382,300	-1,037,824	-352,845	219,893	-252,794	-1,407,859	-495,378	159,522	-271,428	-490,112	-285,701
Tax	0	0	0	0	0	-41,780	0	0	0	-36,690	0	0	0
Profit After Tax	-1,470,307	-2,153,477	-1,382,300	-1,037,824	-352,845	178,113	-252,794	-1,407,859	-495,378	122,832	-271,428	-490,112	-285,701
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,470,307	-2,153,477	-1,382,300	-1,037,824	-352,845	178,113	-252,794	-1,407,859	-495,378	122,832	-271,428	-490,112	-285,701
Employee Costs	334,083	684,756	1,082,230	1,604,181	1,731,321	1,695,334	1,249,748	986,317	6,411,248	5,938,188	6,036,364	1,422,418	654,262
Number Of Employees	15	35	58	84	93	96	73	59	402	387	400	94	43
EBITDA*	399,650	-1,760,516	-1,008,061	-831,489	-151,916	484,330	20,509	-712,834	120,080	772,489	314,915	-47,779	-197,671

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	4,326,604	1,861,728	1,214,845	1,223,144	926,091	1,116,732	1,365,552	1,543,904	1,099,428	1,595,709	1,962,487	1,923,910	965,153
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	4,326,604	1,861,728	1,214,845	1,223,144	926,091	1,116,732	1,365,552	1,543,904	1,099,428	1,595,709	1,962,487	1,923,910	965,153
Stock & work in progress	45,028	65,312	77,909	84,511	124,932	79,390	91,552	60,931	23,304	26,368	29,017	28,974	31,482
Trade Debtors	1,124	1,124	4,787	29,717	92,654	95,473	94,718	38,293	715,584	672,076	665,941	130,580	66,614
Group Debtors	0	182,101	88,333	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,501,187	996,592	744,800	1,056,649	1,627,400	843,031	289,034	524,881	0	0	0	518,499	369,586
Cash	233,280	20,860	61,697	302,248	342,282	547,672	378,108	171,221	52,446	199	85,660	82,718	42,793
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,780,619	1,265,989	977,526	1,473,125	2,187,268	1,565,566	853,412	795,326	791,334	698,643	780,618	760,771	510,475
total assets	6,107,223	3,127,717	2,192,371	2,696,269	3,113,359	2,682,298	2,218,964	2,339,230	1,890,762	2,294,352	2,743,105	2,684,681	1,475,628
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,641,955	1,990,195	1,900,686	704,877	2,117,157	1,217,101	1,505,180	1,391,667	1,056,521	1,320,759	2,790,344	2,200,492	501,327
Group/Directors Accounts	0	0	0	0	0	70,000	123,144	266,364	0	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	269,195	521,037	717,896	3,410,359	1,577,345	1,333,495	679,439	839,905	0	0	0	0	0
total current liabilities	1,911,150	2,511,232	2,618,582	4,115,236	3,694,502	2,620,596	2,307,763	2,497,936	1,056,521	1,320,759	2,790,344	2,200,492	501,327
loans	11,462,851	6,412,955	4,599,082	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	650,000	650,001	650,001	2,874,027	2,674,027	2,964,027	2,991,639	2,668,938	2,254,026	1,898,000	1,000,000	1,260,000	1,260,000
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	12,112,851	7,062,956	5,249,083	2,874,027	2,674,027	2,964,027	2,991,639	2,668,938	2,254,026	1,898,000	1,000,000	1,260,000	1,260,000
total liabilities	14,024,001	9,574,188	7,867,665	6,989,263	6,368,529	5,584,623	5,299,402	5,166,874	3,310,547	3,218,759	3,790,344	3,460,492	1,761,327
net assets	-7,916,778	-6,446,471	-5,675,294	-4,292,994	-3,255,170	-2,902,325	-3,080,438	-2,827,644	-1,419,785	-924,407	-1,047,239	-775,811	-285,699
total shareholders funds	-7,916,778	-6,446,471	-5,675,294	-4,292,994	-3,255,170	-2,902,325	-3,080,438	-2,827,644	-1,419,785	-924,407	-1,047,239	-775,811	-285,699

	Dec 2022	Dec 2021	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Operating Activities
Operating Profit	-625,654	-1,953,476	-1,242,210	-1,038,146	-356,182	217,578	-253,481	-1,408,418	-495,510	159,307	-271,849	-490,426	-285,808
Depreciation	1,025,304	192,960	234,149	206,657	204,266	266,752	273,990	695,584	615,590	613,182	586,764	442,647	88,137
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-41,780	0	0	0	-36,690	0	0	0
Stock	-20,284	-19,199	-6,602	-40,421	45,542	-12,162	30,621	37,627	-3,064	-2,649	43	-2,508	31,482
Debtors	322,494	93,451	-248,446	-633,688	781,550	554,752	-179,422	-152,410	43,508	6,135	16,862	212,879	436,200
Creditors	-348,240	1,285,318	1,195,809	-1,412,280	900,056	-288,079	113,513	335,146	-264,238	-1,469,585	589,852	1,699,165	501,327
Accruals and Deferred Income	-251,842	-2,889,322	-2,692,463	1,833,014	243,850	654,056	-160,466	839,905	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-502,642	-3,438,772	-2,249,667	263,354	164,898	265,937	122,357	577,000	-184,602	-737,272	887,862	1,441,015	-164,026
Investing Activities
capital expenditure	-3,490,180	-831,544	-225,850	-503,710	-13,625	-17,932	-95,638	-1,140,060	-119,309	-246,404	-625,341	-1,401,404	-1,053,290
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,490,180	-831,544	-225,850	-503,710	-13,625	-17,932	-95,638	-1,140,060	-119,309	-246,404	-625,341	-1,401,404	-1,053,290
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-70,000	-53,144	-143,220	266,364	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	5,049,896	6,412,955	4,599,082	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	-1	-2,224,026	-2,224,026	200,000	-290,000	-27,612	322,701	414,912	356,026	898,000	-260,000	0	1,260,000
share issue	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	-844,654	-200,001	-140,090	322	3,337	2,314	687	559	132	215	421	314	107
cash flow from financing	4,205,241	3,988,928	2,234,966	200,322	-356,663	-78,442	180,168	681,835	356,158	898,215	-259,579	314	1,260,109
cash and cash equivalents
cash	212,420	-281,388	-240,551	-40,034	-205,390	169,564	206,887	118,775	52,247	-85,461	2,942	39,925	42,793
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	212,420	-281,388	-240,551	-40,034	-205,390	169,564	206,887	118,775	52,247	-85,461	2,942	39,925	42,793

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BLAKES MANAGEMENT LIMITED group structure

Blakes Management Limited has no subsidiary companies.

Ultimate parent company

BLAKES MANAGEMENT LIMITED

07365480

BLAKES MANAGEMENT LIMITED Shareholders

meir abutbul	50%
seyed navid mirtorabi	50%

Blakes Management Limited currently has 2 directors. The longest serving directors include Mr Adrian Olivero (Feb 2023) and Ms Nguyen Anh (Aug 2024).

officer	country	age	start	end	role
Mr Adrian Olivero	England	57 years	Feb 2023	-	Director
Ms Nguyen Anh	England	46 years	Aug 2024	-	Director

P&L

December 2022

turnover

864.7k

-26%

operating profit

-625.7k

gross margin

60.5%

+15.25%

turnover

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

Balance Sheet

December 2022

net assets

-7.9m

+0.23%

total assets

6.1m

+0.95%

cash

233.3k

+10.18%

net assets

Total assets minus all liabilities

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company number

07365480

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

September 2010

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2022

address

blakes hotel 33 roland gardens, kensington, london, SW7 3PF

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 6 charges/mortgages relating to blakes management limited. Currently there are 1 open charges and 5 have been satisfied in the past.

blakes management limited Company Information

blakes management limited Estimated Valuation

blakes management limited Estimated Valuation

blakes management limited Estimated Valuation

Blakes Management Limited Overview

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BLAKES MANAGEMENT LIMITED financials

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blakes management limited Companies House Filings - See Documents