Z Hotels Old Street Limited

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z hotels old street limited Company Information

Live

EstablishedSmallRapid

Company Number

08629034

Next Accounts

Dec 2024

Industry

Hotels and similar accommodation

Directors

Beverly King

Manish Gudka

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Shareholders

shoreditch hotel holdings ltd

Group Structure

View All

Contact

Registered Address

53-59 chandos place, london, WC2N 4HS

Website

www.bangkok-maps.com

z hotels old street limited Estimated Valuation

£14.9m

Pomanda estimates the enterprise value of Z HOTELS OLD STREET LIMITED at £14.9m based on Net Assets of £6.6m and 2.26x industry multiple (adjusted for liquidity).

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Z Hotels Old Street Limited is a live company located in london, WC2N 4HS with a Companies House number of 08629034. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in July 2013, it's largest shareholder is shoreditch hotel holdings ltd with a 100% stake. Z Hotels Old Street Limited is a established, small sized company, Pomanda has estimated its turnover at £4.9m with rapid growth in recent years.

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Pomanda's financial health check has awarded Z Hotels Old Street Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

5 Regular

3 Weak

Size

annual sales of £4.9m, make it in line with the average company (£4.7m)

Growth

3 year (CAGR) sales growth of 146%, show it is growing at a faster rate (1.6%)

EXPORT

Z Hotels Old Street Limited's latest turnover from March 2023 is £4.9 million and the company has net assets of £6.6 million. According to their latest financial statements, we estimate that Z Hotels Old Street Limited has 76 employees and maintains cash reserves of £44.9 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
Turnover	4,901,062	2,343,210	172,359	330,555	206,085	124,914	150,659	647,007	492,610
Other Income Or Grants	0	0	0	0	0	0	0	0	0
Cost Of Sales	832,094	336,565	86,473	132,097	80,328	48,595	57,390	251,447	188,992
Gross Profit	4,068,968	2,006,645	85,886	198,458	125,757	76,318	93,268	395,560	303,618
Admin Expenses	3,567,303	2,510,287	1,392,012	-583,189	-753,085	-690,583	-670,767	686,327	1,081,252
Operating Profit	501,665	-503,642	-1,306,126	781,647	878,842	766,901	764,035	-290,767	-777,634
Interest Payable	0	194,050	0	0	0	0	0	84,218	84,218
Interest Receivable	0	0	5	74	2,194	1,371	393	929	411
Pre-Tax Profit	501,665	-697,692	-1,306,121	781,721	881,036	768,273	764,428	-374,055	-861,441
Tax	-297,706	-325,643	0	-148,527	-167,397	-145,972	-152,885	0	0
Profit After Tax	203,959	-1,023,335	-1,306,121	633,194	713,639	622,301	611,542	-374,055	-861,441
Dividends Paid	0	0	0	0	0	0	0	0	0
Retained Profit	203,959	-1,023,335	-1,306,121	633,194	713,639	622,301	611,542	-374,055	-861,441
Employee Costs	1,690,526	995,306	112,789	115,881	74,814	53,596	51,535	217,614	175,765
Number Of Employees	76	50	6	6	4	3	3	13	11
EBITDA*	1,219,885	-96,945	-897,062	1,188,350	1,313,993	1,337,735	1,479,383	102,370	-777,097

* 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
Tangible Assets	13,522,472	12,644,927	13,016,430	13,424,690	13,809,473	12,740,846	13,254,486	13,913,304	5,146,344
Intangible Assets	0	0	0	0	0	0	6,698	13,396	0
Investments & Other	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	186,360	0	0	0	0	0	0
Total Fixed Assets	13,522,472	12,644,927	13,202,790	13,424,690	13,809,473	12,740,846	13,261,184	13,926,700	5,146,344
Stock & work in progress	51,084	53,798	48,625	49,888	51,245	50,275	48,040	30,895	28,249
Trade Debtors	4,176	2,849	267	3,611	190	446	1,513	0	0
Group Debtors	0	0	0	11,132	7,072,951	4,329,886	2,858,389	78,815	0
Misc Debtors	1,014,086	662,663	180,052	251,053	526,281	263,895	334,480	368,865	599,301
Cash	44,866	156,591	6,408	4,001	143,524	441,573	106,972	207,363	164,349
misc current assets	0	0	0	0	0	0	0	0	0
total current assets	1,114,212	875,901	235,352	319,685	7,794,191	5,086,075	3,349,394	685,938	791,899
total assets	14,636,684	13,520,828	13,438,142	13,744,375	21,603,664	17,826,921	16,610,578	14,612,638	5,938,243
Bank overdraft	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0
Trade Creditors	101,968	176,447	139,923	279,537	279,484	68,688	80,652	262,469	215,875
Group/Directors Accounts	2,397,973	2,000,371	1,451,065	547,740	8,702,713	7,414,324	6,647,297	5,434,753	2,073,165
other short term finances	0	0	0	0	0	0	0	0	1,000,000
hp & lease commitments	0	0	0	0	0	0	0	0	0
other current liabilities	3,510,770	2,887,272	2,838,794	2,366,232	2,475,428	2,236,543	2,073,027	1,476,040	1,268,830
total current liabilities	6,010,711	5,064,090	4,429,782	3,193,509	11,457,625	9,719,555	8,800,976	7,173,262	4,557,870
loans	0	0	0	0	0	0	0	0	1,591,314
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	0	0	0	0	0	0	0	0	0
provisions	2,017,668	2,052,392	1,580,679	1,627,743	1,494,541	1,317,610	1,348,355	1,346,315	0
total long term liabilities	2,017,668	2,052,392	1,580,679	1,627,743	1,494,541	1,317,610	1,348,355	1,346,315	1,591,314
total liabilities	8,028,379	7,116,482	6,010,461	4,821,252	12,952,166	11,037,165	10,149,331	8,519,577	6,149,184
net assets	6,608,305	6,404,346	7,427,681	8,923,123	8,651,498	6,789,756	6,461,247	6,093,061	-210,941
total shareholders funds	6,608,305	6,404,346	7,427,681	8,923,123	8,651,498	6,789,756	6,461,247	6,093,061	-210,941

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Jul 2014
Operating Activities
Operating Profit	501,665	-503,642	-1,306,126	781,647	878,842	766,901	764,035	-290,767	-777,634	0
Depreciation	718,220	406,697	409,064	406,703	435,151	564,136	708,650	386,439	537	0
Amortisation	0	0	0	0	0	6,698	6,698	6,698	0	0
Tax	-297,706	-325,643	0	-148,527	-167,397	-145,972	-152,885	0	0	0
Stock	-2,714	5,173	-1,263	-1,357	970	2,235	17,145	2,646	28,249	0
Debtors	352,750	298,833	100,883	-7,333,626	3,005,195	1,399,845	2,746,702	-151,621	599,301	0
Creditors	-74,479	36,524	-139,614	53	210,796	-11,964	-181,817	46,594	215,875	0
Accruals and Deferred Income	623,498	48,478	472,562	-109,196	238,885	163,516	596,987	207,210	1,268,830	0
Deferred Taxes & Provisions	-34,724	471,713	-47,064	133,202	176,931	-30,745	2,040	1,346,315	0	0
Cash flow from operations	1,086,438	-169,879	-710,798	8,398,865	-1,232,957	-89,510	-1,020,139	1,851,464	80,058	0
Investing Activities
capital expenditure	-1,595,765	-35,194	-804	-21,920	-1,503,778	-50,496	-49,832	-9,173,493	-5,146,881	0
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,595,765	-35,194	-804	-21,920	-1,503,778	-50,496	-49,832	-9,173,493	-5,146,881	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	397,602	549,306	903,325	-8,154,973	1,288,389	767,027	1,212,544	3,361,588	2,073,165	0
Other Short Term Loans	0	0	0	0	0	0	0	-1,000,000	1,000,000	0
Long term loans	0	0	0	0	0	0	0	-1,591,314	1,591,314	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	-189,321	-361,569	1,148,103	-293,792	-243,356	6,678,057	650,500	0
interest	0	-194,050	5	74	2,194	1,371	393	-83,289	-83,807	0
cash flow from financing	397,602	355,256	714,009	-8,516,468	2,438,686	474,606	969,581	7,365,042	5,231,172	0
cash and cash equivalents
cash	-111,725	150,183	2,407	-139,523	-298,049	334,601	-100,391	43,014	164,349	0
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-111,725	150,183	2,407	-139,523	-298,049	334,601	-100,391	43,014	164,349	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for z hotels old street limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in WC2N area or any other competitors across 12 key performance metrics.

Z HOTELS OLD STREET LIMITED group structure

Z Hotels Old Street Limited has no subsidiary companies.

Ultimate parent company

SHOREDITCH HOTEL HOLDINGS LTD

#0146338

1 parent

Z HOTELS OLD STREET LIMITED

08629034

Z HOTELS OLD STREET LIMITED Shareholders

shoreditch hotel holdings ltd

100%

Z Hotels Old Street Limited currently has 5 directors. The longest serving directors include Mr Beverly King (Jul 2013) and Mr Manish Gudka (Dec 2021).

officer	country	age	start	end	role
Mr Beverly King	England	58 years	Jul 2013	-	Director
Mr Manish Gudka	England	54 years	Dec 2021	-	Director
Mr Suraj Shah	England	42 years	Dec 2022	-	Director
Mr Patricio Leighton	England	56 years	Dec 2022	-	Director
Mr Mansukh Gudka	United Kingdom	84 years	Dec 2022	-	Director

P&L

March 2023

turnover

4.9m

+109%

operating profit

501.7k

-200%

gross margin

83.1%

-3.05%

turnover

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

Balance Sheet

March 2023

net assets

6.6m

+0.03%

total assets

14.6m

+0.08%

cash

44.9k

-0.71%

net assets

Total assets minus all liabilities

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company number

08629034

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

July 2013

ultimate parent company

SHOREDITCH HOTEL HOLDINGS LTD

previous names

N/A

address

53-59 chandos place, london, WC2N 4HS

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 3 charges/mortgages relating to z hotels old street limited. Currently there are 2 open charges and 1 have been satisfied in the past.

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z hotels old street limited Company Information

z hotels old street limited Estimated Valuation

z hotels old street limited Estimated Valuation

z hotels old street limited Estimated Valuation

Z Hotels Old Street Limited Overview

Z Hotels Old Street Limited Health Check

Z HOTELS OLD STREET LIMITED financials

z hotels old street limited Credit Report and Business Information

Z Hotels Old Street Limited Competitor Analysis

z hotels old street limited Ownership

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z hotels old street limited company details

z hotels old street limited Charges & Mortgages

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