Whitechapel Hotel Ltd

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whitechapel hotel ltd Company Information

Live

EstablishedMicroDeclining

Company Number

07600937

Website

www.thewhitechapelhotel.com

Registered Address

16-18 fordham street, london, E1 1HS

Industry

Hotels and similar accommodation

Telephone

02072472599

Next Accounts Due

December 2024

Group Structure

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Directors

Yusuf Patel13 Years

Faruk Patel13 Years

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Shareholders

iqbal patel 10%

shiraj patel 10%

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whitechapel hotel ltd Estimated Valuation

£215.7k

Pomanda estimates the enterprise value of WHITECHAPEL HOTEL LTD at £215.7k based on a Turnover of £190.2k and 1.13x industry multiple (adjusted for size and gross margin).

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Whitechapel Hotel Ltd is a live company located in london, E1 1HS with a Companies House number of 07600937. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in April 2011, it's largest shareholder is iqbal patel with a 10% stake. Whitechapel Hotel Ltd is a established, micro sized company, Pomanda has estimated its turnover at £190.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Whitechapel Hotel Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £190.2k, make it smaller than the average company (£4.6m)

Growth

3 year (CAGR) sales growth of -60%, show it is growing at a slower rate (1.3%)

EXPORT

Whitechapel Hotel Ltd's latest turnover from March 2023 is estimated at £190.2 thousand and the company has net assets of £1.2 thousand. According to their latest financial statements, Whitechapel Hotel Ltd has 2 employees and maintains cash reserves of £196.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Turnover	190,188	1,958,671	223,855	2,885,044	635,806	5,635,609	5,118,907	5,559,669	2,765,969	4,427,044	2,099,193
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	71,012	834,639	114,795	1,169,124	251,356	2,243,530	1,999,131	2,166,530	1,067,571	1,790,819	848,073
Gross Profit	119,175	1,124,032	109,061	1,715,921	384,449	3,392,079	3,119,776	3,393,140	1,698,398	2,636,225	1,251,120
Admin Expenses	131,120	1,154,725	129,662	1,705,956	286,445	3,465,598	3,132,442	3,319,479	1,590,085	2,577,985	1,370,570
Operating Profit	-11,945	-30,693	-20,601	9,965	98,004	-73,519	-12,666	73,661	108,313	58,240	-119,450
Interest Payable	0	1,688	1,525	0	0	0	0	0	0	6,530	6,530
Interest Receivable	5,834	819	143	144	532	250	198	196	75	44	18
Pre-Tax Profit	-6,111	-31,562	-21,983	10,109	98,536	-73,269	-12,468	73,856	108,387	51,755	-125,961
Tax	0	0	0	-1,921	-18,722	0	0	-14,771	-22,761	-11,904	0
Profit After Tax	-6,111	-31,562	-21,983	8,188	79,814	-73,269	-12,468	59,085	85,626	39,851	-125,961
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-6,111	-31,562	-21,983	8,188	79,814	-73,269	-12,468	59,085	85,626	39,851	-125,961
Employee Costs	43,789	158,024	149,057	152,177	185,407	1,870,348	1,688,627	1,818,037	925,321	1,489,013	709,382
Number Of Employees	2	8	8	8	10	106	99	109	58	97	47
EBITDA*	-11,199	-29,946	-19,854	9,965	98,004	-73,519	-12,666	74,933	109,585	59,512	-118,073

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Tangible Assets	1,494	2,240	2,987	3,734	0	0	1,270	2,542	3,814	5,086	5,508
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	1,494	2,240	2,987	3,734	0	0	1,270	2,542	3,814	5,086	5,508
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	6,879	122,400	3,174	156,827	20,384	171,407	156,140	169,869	92,361	150,991	62,066
Group Debtors	0	40,700	40,700	0	40,700	0	0	0	0	0	0
Misc Debtors	45,041	48,750	19,599	0	88,104	0	0	0	0	0	0
Cash	196,569	77,981	140,385	146,028	141,810	0	99,944	58,631	19,664	10,210	7,387
misc current assets	0	2,162	0	0	0	0	0	0	0	0	0
total current assets	248,489	291,993	203,858	302,855	290,998	171,407	256,084	228,500	112,025	161,201	69,453
total assets	249,983	294,233	206,845	306,589	290,998	171,407	257,354	231,042	115,839	166,287	74,961
Bank overdraft	0	0	0	0	0	0	0	0	0	0	200,917
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	368	92,730	27,785	245,718	102,906	198,543	211,216	172,436	116,318	252,392	0
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	248,395	194,172	90,172	0	135,409	0	0	0	0	0	0
total current liabilities	248,763	286,902	117,957	245,718	238,315	198,543	211,216	172,436	116,318	252,392	200,917
loans	0	0	50,000	0	0	0	0	0	0	0	0
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	50,000	0	0	0	0	0	0	0	0
total liabilities	248,763	286,902	167,957	245,718	238,315	198,543	211,216	172,436	116,318	252,392	200,917
net assets	1,220	7,331	38,888	60,871	52,683	-27,136	46,138	58,606	-479	-86,105	-125,956
total shareholders funds	1,220	7,331	38,888	60,871	52,683	-27,136	46,138	58,606	-479	-86,105	-125,956

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Operating Activities
Operating Profit	-11,945	-30,693	-20,601	9,965	98,004	-73,519	-12,666	73,661	108,313	58,240	-119,450	0
Depreciation	746	747	747	0	0	0	0	1,272	1,272	1,272	1,377	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-1,921	-18,722	0	0	-14,771	-22,761	-11,904	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-159,930	148,377	-93,354	7,639	-22,219	15,267	-13,729	77,508	-58,630	88,925	62,066	0
Creditors	-92,362	64,945	-217,933	142,812	-95,637	-12,673	38,780	56,118	-136,074	252,392	0	0
Accruals and Deferred Income	54,223	104,000	90,172	-135,409	135,409	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	110,592	-9,378	-54,261	7,808	141,273	-101,459	39,843	38,772	9,380	211,075	-180,139	0
Investing Activities
capital expenditure	0	0	0	-3,734	0	1,270	1,272	0	0	-850	-6,885	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	-3,734	0	1,270	1,272	0	0	-850	-6,885	0
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-50,000	50,000	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	5	0	0	5	-5	0	0	0	0	5	0
interest	5,834	-869	-1,382	144	532	250	198	196	75	-6,486	-6,512	0
cash flow from financing	5,834	-50,864	48,618	144	537	245	198	196	75	-6,486	-6,507	0
cash and cash equivalents
cash	118,588	-62,404	-5,643	4,218	141,810	-99,944	41,313	38,967	9,454	2,823	7,387	0
overdraft	0	0	0	0	0	0	0	0	0	-200,917	200,917	0
change in cash	118,588	-62,404	-5,643	4,218	141,810	-99,944	41,313	38,967	9,454	203,740	-193,530	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WHITECHAPEL HOTEL LTD group structure

Whitechapel Hotel Ltd has no subsidiary companies.

Ultimate parent company

WHITECHAPEL HOTEL LTD

07600937

WHITECHAPEL HOTEL LTD Shareholders

iqbal patel	10%
shiraj patel	10%
zaibun patel	10%
yusuf patel	10%
hasina patel	10%
shirin patel	10%
suleman patel	10%
shamim patel	10%
faruk patel	10%
huri patel	10%

Whitechapel Hotel Ltd currently has 5 directors. The longest serving directors include Mr Yusuf Patel (Apr 2011) and Mr Faruk Patel (Apr 2011).

officer	country	age	start	end	role
Mr Yusuf Patel		73 years	Apr 2011	-	Director
Mr Faruk Patel	United Kingdom	67 years	Apr 2011	-	Director
Iqbal Patel	United Kingdom	70 years	Apr 2011	-	Director
Mr Suleman Patel	England	65 years	Apr 2011	-	Director
Mr Shiraj Patel	United Kingdom	61 years	Apr 2011	-	Director

P&L

March 2023

turnover

190.2k

-90%

operating profit

-11.9k

gross margin

62.7%

+9.19%

turnover

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

Balance Sheet

March 2023

net assets

1.2k

-0.83%

total assets

250k

-0.15%

cash

196.6k

+1.52%

net assets

Total assets minus all liabilities

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company number

07600937

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

April 2011

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

16-18 fordham street, london, E1 1HS

last accounts submitted

March 2023

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 whitechapel hotel ltd.

whitechapel hotel ltd Company Information

whitechapel hotel ltd Estimated Valuation

whitechapel hotel ltd Estimated Valuation

whitechapel hotel ltd Estimated Valuation

Whitechapel Hotel Ltd Overview

Whitechapel Hotel Ltd Health Check

WHITECHAPEL HOTEL LTD financials

whitechapel hotel ltd Credit Report and Business Information

Whitechapel Hotel Ltd Competitor Analysis

whitechapel hotel ltd Ownership

whitechapel hotel ltd directors

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