spring mews (hotel) limited
spring mews (hotel) limited Company Information
Company Number
08666547
Website
http://clsholdings.comRegistered Address
16 tinworth street, london, SE11 5AL
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
02033015687
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
cls uk property finance limited 100%
spring mews (hotel) limited Estimated Valuation
Pomanda estimates the enterprise value of SPRING MEWS (HOTEL) LIMITED at £11.8m based on a Turnover of £4.9m and 2.4x industry multiple (adjusted for size and gross margin).
spring mews (hotel) limited Estimated Valuation
Pomanda estimates the enterprise value of SPRING MEWS (HOTEL) LIMITED at £9.7m based on an EBITDA of £1.8m and a 5.44x industry multiple (adjusted for size and gross margin).
spring mews (hotel) limited Estimated Valuation
Pomanda estimates the enterprise value of SPRING MEWS (HOTEL) LIMITED at £15.3m based on Net Assets of £9.6m and 1.58x industry multiple (adjusted for liquidity).
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Spring Mews (hotel) Limited Overview
Spring Mews (hotel) Limited is a live company located in london, SE11 5AL with a Companies House number of 08666547. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in August 2013, it's largest shareholder is cls uk property finance limited with a 100% stake. Spring Mews (hotel) Limited is a established, small sized company, Pomanda has estimated its turnover at £4.9m with low growth in recent years.
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Spring Mews (hotel) Limited Health Check
Pomanda's financial health check has awarded Spring Mews (Hotel) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £4.9m, make it larger than the average company (£864k)
£4.9m - Spring Mews (hotel) Limited
£864k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a faster rate (1.3%)
2% - Spring Mews (hotel) Limited
1.3% - Industry AVG
Production
with a gross margin of 34.7%, this company has a higher cost of product (70.2%)
34.7% - Spring Mews (hotel) Limited
70.2% - Industry AVG
Profitability
an operating margin of 34% make it as profitable than the average company (34.5%)
34% - Spring Mews (hotel) Limited
34.5% - Industry AVG
Employees
with 15 employees, this is above the industry average (4)
15 - Spring Mews (hotel) Limited
4 - Industry AVG
Pay Structure
on an average salary of £34.1k, the company has an equivalent pay structure (£31.1k)
£34.1k - Spring Mews (hotel) Limited
£31.1k - Industry AVG
Efficiency
resulting in sales per employee of £327.8k, this is more efficient (£187.9k)
£327.8k - Spring Mews (hotel) Limited
£187.9k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (34 days)
10 days - Spring Mews (hotel) Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (33 days)
1 days - Spring Mews (hotel) Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Spring Mews (hotel) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 45 weeks, this is more cash available to meet short term requirements (13 weeks)
45 weeks - Spring Mews (hotel) Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.2%, this is a similar level of debt than the average (70%)
66.2% - Spring Mews (hotel) Limited
70% - Industry AVG
SPRING MEWS (HOTEL) LIMITED financials
Spring Mews (Hotel) Limited's latest turnover from December 2022 is £4.9 million and the company has net assets of £9.6 million. According to their latest financial statements, Spring Mews (Hotel) Limited has 15 employees and maintains cash reserves of £1.5 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 | 4,917,483 | 2,666,632 | 1,887,646 | 4,686,760 | 4,410,256 | 4,359,534 | 4,250,851 | 3,496,997 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 3,210,687 | 2,299,614 | 2,015,183 | 3,002,634 | 3,026,098 | ||||
| Gross Profit | 1,706,796 | 367,018 | -127,537 | 1,684,126 | 1,384,158 | ||||
| Admin Expenses | 36,588 | 34,216 | 34,044 | 33,951 | 34,193 | ||||
| Operating Profit | 1,670,208 | 332,802 | -161,581 | 1,650,175 | 1,349,965 | 1,282,104 | 1,418,383 | 971,504 | -660,218 |
| Interest Payable | 544,861 | 503,392 | 493,730 | 524,049 | 539,297 | 533,711 | 591,329 | 587,978 | 13,415 |
| Interest Receivable | 0 | 15 | 22,216 | 8,908 | 0 | 4,290 | 4,368 | 3,464 | 0 |
| Pre-Tax Profit | 1,125,347 | -170,575 | -633,095 | 1,135,034 | 810,668 | 752,683 | 831,422 | 386,990 | -673,633 |
| Tax | -219,979 | -12,600 | 86,626 | -262,553 | -198,123 | -188,326 | -205,851 | -115,134 | 147,391 |
| Profit After Tax | 905,368 | -183,175 | -546,469 | 872,481 | 612,545 | 564,357 | 625,571 | 271,856 | -526,242 |
| Dividends Paid | 0 | 0 | 1,500,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 905,368 | -183,175 | -2,046,469 | 872,481 | 612,545 | 564,357 | 625,571 | 271,856 | -526,242 |
| Employee Costs | 511,378 | 434,638 | 466,195 | 529,954 | 546,563 | 507,589 | 482,192 | 893,536 | 0 |
| Number Of Employees | 15 | 14 | 16 | 18 | 18 | 18 | 19 | 22 | |
| EBITDA* | 1,786,589 | 448,276 | -6,360 | 1,901,306 | 1,586,652 | 1,282,104 | 1,418,383 | 1,171,271 | -660,218 |
* 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 | 26,700,000 | 25,000,000 | 23,800,000 | 28,000,000 | 27,400,000 | 27,100,000 | 26,750,000 | 26,500,000 | 21,250,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 26,700,000 | 25,000,000 | 23,800,000 | 28,000,000 | 27,400,000 | 27,100,000 | 26,750,000 | 26,500,000 | 21,250,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 141,162 | 57,242 | 40,777 | 94,148 | 97,136 | 102,212 | 106,463 | 139,580 | 1 |
| Group Debtors | 106,342 | 86,841 | 119,228 | 566,168 | 332,628 | 0 | 0 | 0 | 0 |
| Misc Debtors | 121,056 | 187,875 | 166,408 | 177,849 | 225,778 | 152,038 | 220,934 | 83,400 | 57,664 |
| Cash | 1,467,986 | 1,216,489 | 1,023,477 | 1,533,569 | 685,286 | 814,070 | 542,897 | 298,926 | 19,976 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 147,391 |
| total current assets | 1,836,546 | 1,548,447 | 1,349,890 | 2,371,734 | 1,340,828 | 1,068,320 | 870,294 | 521,906 | 225,032 |
| total assets | 28,536,546 | 26,548,447 | 25,149,890 | 30,371,734 | 28,740,828 | 28,168,320 | 27,620,294 | 27,021,906 | 21,475,032 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 15,610 | 152,462 | 39,798 | 6,472 | 94,600 | 34,811 | 0 | 31,856 | 15,830 |
| Group/Directors Accounts | 0 | 0 | 252,751 | 14,780,085 | 187,023 | 346,100 | 774,743 | 0 | 0 |
| 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 | 1,656,615 | 879,147 | 988,546 | 1,187,443 | 1,108,180 | 975,035 | 907,202 | 671,864 | 199,378 |
| total current liabilities | 1,672,225 | 1,031,609 | 1,281,095 | 15,974,000 | 1,389,803 | 1,355,946 | 1,681,945 | 703,720 | 215,208 |
| loans | 14,802,752 | 16,066,318 | 15,554,157 | 0 | 14,560,450 | 15,137,849 | 15,365,249 | 16,784,276 | 17,449,999 |
| 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 | 2,428,380 | 2,011,085 | 1,293,283 | 1,859,580 | 1,750,616 | 1,692,365 | 1,743,566 | 3,759,644 | 2,103,780 |
| total long term liabilities | 17,231,132 | 18,077,403 | 16,847,440 | 1,859,580 | 16,311,066 | 16,830,214 | 17,108,815 | 18,664,098 | 18,501,889 |
| total liabilities | 18,903,357 | 19,109,012 | 18,128,535 | 17,833,580 | 17,700,869 | 18,186,160 | 18,790,760 | 19,367,818 | 18,717,097 |
| net assets | 9,633,189 | 7,439,435 | 7,021,355 | 12,538,154 | 11,039,959 | 9,982,160 | 8,829,534 | 7,654,088 | 2,757,935 |
| total shareholders funds | 9,633,189 | 7,439,435 | 7,021,355 | 12,538,154 | 11,039,959 | 9,982,160 | 8,829,534 | 7,654,088 | 2,757,935 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 1,670,208 | 332,802 | -161,581 | 1,650,175 | 1,349,965 | 1,282,104 | 1,418,383 | 971,504 | -660,218 |
| Depreciation | 116,381 | 115,474 | 155,221 | 251,131 | 236,687 | 0 | 0 | 199,767 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -219,979 | -12,600 | 86,626 | -262,553 | -198,123 | -188,326 | -205,851 | -115,134 | 147,391 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 36,602 | 5,545 | -511,752 | 182,623 | 401,292 | -73,147 | 104,417 | 165,315 | 57,665 |
| Creditors | -136,852 | 112,664 | 33,326 | -88,128 | 59,789 | 34,811 | -31,856 | 16,026 | 15,830 |
| Accruals and Deferred Income | 777,468 | -109,399 | -198,897 | 79,263 | 133,145 | 67,833 | 235,338 | 472,486 | 199,378 |
| Deferred Taxes & Provisions | 417,295 | 717,802 | -566,297 | 108,964 | 58,251 | -51,201 | -2,016,078 | 1,655,864 | 2,103,780 |
| Cash flow from operations | 2,587,919 | 1,151,198 | -139,850 | 1,556,229 | 1,238,422 | 1,218,368 | -704,481 | 3,035,198 | |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -252,751 | -14,527,334 | 14,593,062 | -159,077 | -428,643 | 774,743 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -1,263,566 | 512,161 | 15,554,157 | -14,560,450 | -577,399 | -227,400 | -1,419,027 | -665,723 | 17,449,999 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -544,861 | -503,377 | -471,514 | -515,141 | -539,297 | -529,421 | -586,961 | -584,514 | -13,415 |
| cash flow from financing | -520,041 | 357,288 | -2,915,021 | 143,185 | -830,519 | -597,195 | -681,370 | 3,374,060 | 20,720,761 |
| cash and cash equivalents | |||||||||
| cash | 251,497 | 193,012 | -510,092 | 848,283 | -128,784 | 271,173 | 243,971 | 278,950 | 19,976 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 251,497 | 193,012 | -510,092 | 848,283 | -128,784 | 271,173 | 243,971 | 278,950 | 19,976 |
spring mews (hotel) limited Credit Report and Business Information
Spring Mews (hotel) Limited Competitor Analysis
Perform a competitor analysis for spring mews (hotel) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
spring mews (hotel) limited Ownership
SPRING MEWS (HOTEL) LIMITED group structure
Spring Mews (Hotel) Limited has no subsidiary companies.
Ultimate parent company
2 parents
SPRING MEWS (HOTEL) LIMITED
08666547
spring mews (hotel) limited directors
Spring Mews (Hotel) Limited currently has 4 directors. The longest serving directors include Mr Alain Millet (Aug 2013) and Mr Fredrik Widlund (Nov 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alain Millet | United Kingdom | 56 years | Aug 2013 | - | Director |
| Mr Fredrik Widlund | England | 56 years | Nov 2014 | - | Director |
| Mr Andrew Kirkman | United Kingdom | 51 years | Jul 2019 | - | Director |
| Mr David Fuller | England | 47 years | Jul 2021 | - | Director |
P&L
December 2022turnover
4.9m
+84%
operating profit
1.7m
+402%
gross margin
34.8%
+152.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
9.6m
+0.29%
total assets
28.5m
+0.07%
cash
1.5m
+0.21%
net assets
Total assets minus all liabilities
Similar Companies
spring mews (hotel) limited company details
company number
08666547
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
August 2013
age
11
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
16 tinworth street, london, SE11 5AL
last accounts submitted
December 2022
spring mews (hotel) 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 2 charges/mortgages relating to spring mews (hotel) limited. Currently there are 1 open charges and 1 have been satisfied in the past.
spring mews (hotel) limited Companies House Filings - See Documents
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