millennium hotels (west london) limited
millennium hotels (west london) limited Company Information
Company Number
08599282
Website
www.millenniumhotels.co.ukRegistered Address
corporate headquarters, scarsdale place, kensington, london, W8 5SY
Industry
Activities of head offices
Telephone
01293772288
Next Accounts Due
21 days late
Group Structure
View All
Directors
Eik Kwek3 Years
Shareholders
millennium hotels london ltd 100%
millennium hotels (west london) limited Estimated Valuation
Pomanda estimates the enterprise value of MILLENNIUM HOTELS (WEST LONDON) LIMITED at £3.5m based on a Turnover of £2.4m and 1.47x industry multiple (adjusted for size and gross margin).
millennium hotels (west london) limited Estimated Valuation
Pomanda estimates the enterprise value of MILLENNIUM HOTELS (WEST LONDON) LIMITED at £23m based on an EBITDA of £2.3m and a 9.83x industry multiple (adjusted for size and gross margin).
millennium hotels (west london) limited Estimated Valuation
Pomanda estimates the enterprise value of MILLENNIUM HOTELS (WEST LONDON) LIMITED at £168.6m based on Net Assets of £62.8m and 2.68x industry multiple (adjusted for liquidity).
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Millennium Hotels (west London) Limited Overview
Millennium Hotels (west London) Limited is a live company located in kensington, W8 5SY with a Companies House number of 08599282. It operates in the activities of head offices sector, SIC Code 70100. Founded in July 2013, it's largest shareholder is millennium hotels london ltd with a 100% stake. Millennium Hotels (west London) Limited is a established, small sized company, Pomanda has estimated its turnover at £2.4m with unknown growth in recent years.
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Millennium Hotels (west London) Limited Health Check
Pomanda's financial health check has awarded Millennium Hotels (West London) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
2 Weak
Size
annual sales of £2.4m, make it smaller than the average company (£20m)
£2.4m - Millennium Hotels (west London) Limited
£20m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Millennium Hotels (west London) Limited
- - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (33.1%)
100% - Millennium Hotels (west London) Limited
33.1% - Industry AVG
Profitability
an operating margin of 35.3% make it more profitable than the average company (6%)
35.3% - Millennium Hotels (west London) Limited
6% - Industry AVG
Employees
with 13 employees, this is below the industry average (118)
- Millennium Hotels (west London) Limited
118 - Industry AVG
Pay Structure
on an average salary of £45.7k, the company has an equivalent pay structure (£45.7k)
- Millennium Hotels (west London) Limited
£45.7k - Industry AVG
Efficiency
resulting in sales per employee of £184.6k, this is equally as efficient (£188.3k)
- Millennium Hotels (west London) Limited
£188.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Millennium Hotels (west London) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Millennium Hotels (west London) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Millennium Hotels (west London) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 142 weeks, this is more cash available to meet short term requirements (15 weeks)
142 weeks - Millennium Hotels (west London) Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 13.7%, this is a lower level of debt than the average (57.3%)
13.7% - Millennium Hotels (west London) Limited
57.3% - Industry AVG
MILLENNIUM HOTELS (WEST LONDON) LIMITED financials
Millennium Hotels (West London) Limited's latest turnover from December 2022 is £2.4 million and the company has net assets of £62.8 million. According to their latest financial statements, we estimate that Millennium Hotels (West London) Limited has 13 employees and maintains cash reserves of £6 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,400,000 | 2,400,000 | 2,400,000 | 2,400,000 | 2,400,000 | 2,400,000 | 2,400,000 | 2,400,000 | 1,839,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 104,000 |
| Gross Profit | 2,400,000 | 2,400,000 | 2,400,000 | 2,400,000 | 2,400,000 | 2,400,000 | 2,400,000 | 2,400,000 | 1,735,000 |
| Admin Expenses | 1,552,000 | 2,289,000 | 1,659,000 | 1,581,000 | 1,806,000 | 1,758,000 | 1,725,000 | 1,742,000 | 702,000 |
| Operating Profit | 848,000 | 111,000 | 741,000 | 819,000 | 594,000 | 642,000 | 675,000 | 658,000 | 1,033,000 |
| Interest Payable | 271,000 | 272,000 | 272,000 | 272,000 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,000 |
| Pre-Tax Profit | 577,000 | -161,000 | 469,000 | 547,000 | 594,000 | 642,000 | 675,000 | 658,000 | 1,036,000 |
| Tax | -373,000 | -1,077,000 | 371,000 | -395,000 | -126,000 | 81,000 | -399,000 | -185,000 | -366,000 |
| Profit After Tax | 204,000 | -1,238,000 | 840,000 | 152,000 | 468,000 | 723,000 | 276,000 | 473,000 | 670,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 2,000,000 | 6,000,000 | 0 | 400,000 | 600,000 |
| Retained Profit | 204,000 | -1,238,000 | 840,000 | 152,000 | -1,532,000 | -5,277,000 | 276,000 | 73,000 | 70,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | 2 | 3 | 3 | 2 | 3 | ||||
| EBITDA* | 2,343,000 | 1,603,000 | 2,237,000 | 2,311,000 | 2,002,000 | 2,050,000 | 2,087,000 | 2,066,000 | 1,735,000 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 59,021,000 | 60,518,000 | 62,010,000 | 63,505,000 | 57,188,000 | 58,596,000 | 60,004,000 | 61,416,000 | 62,823,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 6,322,000 | 6,322,000 | 7,399,000 | 7,399,000 | 7,399,000 | 7,160,000 | 6,681,000 | 6,702,000 | 6,462,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 65,343,000 | 66,840,000 | 69,409,000 | 70,904,000 | 64,587,000 | 65,756,000 | 66,685,000 | 68,118,000 | 69,285,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 1,448,000 | 1,448,000 | 1,000,000 | 1,000,000 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 84,000 | 81,000 | 91,000 | 90,000 | 62,000 | 0 | 0 | 0 |
| Cash | 5,989,000 | 3,965,000 | 2,385,000 | 412,000 | 0 | 29,000 | 3,948,000 | 2,196,000 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 549,000 |
| total current assets | 7,437,000 | 5,497,000 | 3,466,000 | 1,503,000 | 90,000 | 91,000 | 3,948,000 | 2,196,000 | 549,000 |
| total assets | 72,780,000 | 72,337,000 | 72,875,000 | 72,407,000 | 64,677,000 | 65,847,000 | 70,633,000 | 70,314,000 | 69,834,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 628,000 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,658,000 | 1,655,000 | 1,075,000 | 79,000 | 327,000 | 926,000 | 244,000 | 230,000 | 195,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 528,000 | 266,000 | 146,000 | 1,502,000 | 834,000 | 501,000 | 692,000 | 663,000 | 291,000 |
| total current liabilities | 2,186,000 | 1,921,000 | 1,221,000 | 1,581,000 | 1,789,000 | 1,427,000 | 936,000 | 893,000 | 486,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 7,748,000 | 7,774,000 | 7,774,000 | 7,786,000 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 7,748,000 | 7,774,000 | 7,774,000 | 7,786,000 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 9,934,000 | 9,695,000 | 8,995,000 | 9,367,000 | 1,789,000 | 1,427,000 | 936,000 | 893,000 | 486,000 |
| net assets | 62,846,000 | 62,642,000 | 63,880,000 | 63,040,000 | 62,888,000 | 64,420,000 | 69,697,000 | 69,421,000 | 69,348,000 |
| total shareholders funds | 62,846,000 | 62,642,000 | 63,880,000 | 63,040,000 | 62,888,000 | 64,420,000 | 69,697,000 | 69,421,000 | 69,348,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 848,000 | 111,000 | 741,000 | 819,000 | 594,000 | 642,000 | 675,000 | 658,000 | 1,033,000 |
| Depreciation | 1,495,000 | 1,492,000 | 1,496,000 | 1,492,000 | 1,408,000 | 1,408,000 | 1,412,000 | 1,408,000 | 702,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -373,000 | -1,077,000 | 371,000 | -395,000 | -126,000 | 81,000 | -399,000 | -185,000 | -366,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -84,000 | 451,000 | -10,000 | 1,001,000 | 28,000 | 62,000 | 0 | 0 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 262,000 | 120,000 | -1,356,000 | 668,000 | 333,000 | -191,000 | 29,000 | 372,000 | 291,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,316,000 | 195,000 | 1,262,000 | 1,583,000 | 2,181,000 | 1,878,000 | 1,717,000 | 2,253,000 | 1,660,000 |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | -1,077,000 | 0 | 0 | 239,000 | 479,000 | -21,000 | 240,000 | 6,462,000 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 3,000 | 580,000 | 996,000 | -248,000 | -599,000 | 682,000 | 14,000 | 35,000 | 195,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -26,000 | 0 | -12,000 | 7,786,000 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -271,000 | -272,000 | -272,000 | -272,000 | 0 | 0 | 0 | 0 | 3,000 |
| cash flow from financing | -294,000 | 308,000 | 712,000 | 7,266,000 | -599,000 | 682,000 | 14,000 | 35,000 | 69,476,000 |
| cash and cash equivalents | |||||||||
| cash | 2,024,000 | 1,580,000 | 1,973,000 | 412,000 | -29,000 | -3,919,000 | 1,752,000 | 2,196,000 | 0 |
| overdraft | 0 | 0 | 0 | -628,000 | 628,000 | 0 | 0 | 0 | 0 |
| change in cash | 2,024,000 | 1,580,000 | 1,973,000 | 1,040,000 | -657,000 | -3,919,000 | 1,752,000 | 2,196,000 | 0 |
millennium hotels (west london) limited Credit Report and Business Information
Millennium Hotels (west London) Limited Competitor Analysis
Perform a competitor analysis for millennium hotels (west london) limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in W 8 area or any other competitors across 12 key performance metrics.
millennium hotels (west london) limited Ownership
MILLENNIUM HOTELS (WEST LONDON) LIMITED group structure
Millennium Hotels (West London) Limited has 1 subsidiary company.
Ultimate parent company
HONG LEONG INVESTMENT HOLDINGS PTE LTD
#0015335
2 parents
MILLENNIUM HOTELS (WEST LONDON) LIMITED
08599282
1 subsidiary
millennium hotels (west london) limited directors
Millennium Hotels (West London) Limited currently has 1 director, Mr Eik Kwek serving since Dec 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Eik Kwek | England | 43 years | Dec 2020 | - | Director |
P&L
December 2022turnover
2.4m
0%
operating profit
848k
+664%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
62.8m
0%
total assets
72.8m
+0.01%
cash
6m
+0.51%
net assets
Total assets minus all liabilities
millennium hotels (west london) limited company details
company number
08599282
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
July 2013
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
-
address
corporate headquarters, scarsdale place, kensington, london, W8 5SY
Bank
-
Legal Advisor
-
millennium hotels (west london) 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 did not find charges/mortgages relating to millennium hotels (west london) limited.
millennium hotels (west london) limited Companies House Filings - See Documents
| date | description | view/download |
|---|
