provincial hotels & inns limited
provincial hotels & inns limited Company Information
Company Number
08766501
Next Accounts
1400 days late
Shareholders
executors of estate of christopher norman
mark jonathan chambers
View AllGroup Structure
View All
Industry
Hotels and similar accommodation
Registered Address
county hotel, lancaster rd, carnforth, lancaster, LA5 9LD
Website
http://markehigginson.comprovincial hotels & inns limited Estimated Valuation
Pomanda estimates the enterprise value of PROVINCIAL HOTELS & INNS LIMITED at £2.4m based on a Turnover of £2.1m and 1.11x industry multiple (adjusted for size and gross margin).
provincial hotels & inns limited Estimated Valuation
Pomanda estimates the enterprise value of PROVINCIAL HOTELS & INNS LIMITED at £0 based on an EBITDA of £-479.2k and a 4.44x industry multiple (adjusted for size and gross margin).
provincial hotels & inns limited Estimated Valuation
Pomanda estimates the enterprise value of PROVINCIAL HOTELS & INNS LIMITED at £0 based on Net Assets of £-618.2k and 2.09x industry multiple (adjusted for liquidity).
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Provincial Hotels & Inns Limited Overview
Provincial Hotels & Inns Limited is a live company located in lancaster, LA5 9LD with a Companies House number of 08766501. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in November 2013, it's largest shareholder is executors of estate of christopher norman with a 99.9% stake. Provincial Hotels & Inns Limited is a established, small sized company, Pomanda has estimated its turnover at £2.1m with unknown growth in recent years.
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Provincial Hotels & Inns Limited Health Check
Pomanda's financial health check has awarded Provincial Hotels & Inns Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £2.1m, make it smaller than the average company (£4.8m)
- Provincial Hotels & Inns Limited
£4.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Provincial Hotels & Inns Limited
- - Industry AVG
Production
with a gross margin of 61.5%, this company has a comparable cost of product (61.5%)
- Provincial Hotels & Inns Limited
61.5% - Industry AVG
Profitability
an operating margin of -26% make it less profitable than the average company (7.6%)
- Provincial Hotels & Inns Limited
7.6% - Industry AVG
Employees
with 57 employees, this is below the industry average (91)
57 - Provincial Hotels & Inns Limited
91 - Industry AVG
Pay Structure
on an average salary of £19.1k, the company has an equivalent pay structure (£19.1k)
- Provincial Hotels & Inns Limited
£19.1k - Industry AVG
Efficiency
resulting in sales per employee of £37.2k, this is less efficient (£58.3k)
- Provincial Hotels & Inns Limited
£58.3k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (9 days)
- Provincial Hotels & Inns Limited
9 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Provincial Hotels & Inns Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is more than average (8 days)
- Provincial Hotels & Inns Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)
0 weeks - Provincial Hotels & Inns Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 119.8%, this is a higher level of debt than the average (70.3%)
119.8% - Provincial Hotels & Inns Limited
70.3% - Industry AVG
PROVINCIAL HOTELS & INNS LIMITED financials
Provincial Hotels & Inns Limited's latest turnover from May 2019 is estimated at £2.1 million and the company has net assets of -£618.2 thousand. According to their latest financial statements, Provincial Hotels & Inns Limited has 57 employees and maintains cash reserves of £13.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2019 | May 2018 | May 2017 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | 57 | 101 | 87 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2019 | May 2018 | May 2017 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|
| Tangible Assets | 2,893,565 | 3,326,617 | 3,538,885 | ||
| Intangible Assets | 1 | 1 | 1 | ||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 2,893,566 | 3,326,618 | 3,538,886 | ||
| Stock & work in progress | 31,529 | 37,450 | 23,250 | ||
| Trade Debtors | 17,909 | 118,155 | 91,440 | ||
| Group Debtors | |||||
| Misc Debtors | 111,553 | 155,782 | 23,232 | ||
| Cash | 13,657 | 28,236 | 82,341 | 1 | |
| misc current assets | 50,711 | ||||
| total current assets | 225,359 | 339,623 | 220,263 | 1 | |
| total assets | 3,118,925 | 3,666,241 | 3,759,149 | 1 | |
| Bank overdraft | 219,077 | 269,961 | 170,330 | ||
| Bank loan | |||||
| Trade Creditors | 174,765 | 88,050 | |||
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 2,150,534 | 2,104,859 | 2,314,409 | ||
| total current liabilities | 2,369,611 | 2,549,585 | 2,572,789 | ||
| loans | 1,367,542 | ||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | 1,835,454 | 1,622,791 | |||
| provisions | |||||
| total long term liabilities | 1,367,542 | 1,835,454 | 1,622,791 | ||
| total liabilities | 3,737,153 | 4,385,039 | 4,195,580 | ||
| net assets | -618,228 | -718,798 | -436,431 | 1 | |
| total shareholders funds | -618,228 | -718,798 | -436,431 | 1 |
| May 2019 | May 2018 | May 2017 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 71,572 | 88,960 | 67,535 | ||
| Amortisation | |||||
| Tax | |||||
| Stock | -5,921 | 14,200 | 23,250 | ||
| Debtors | -144,475 | 159,265 | 114,672 | ||
| Creditors | -174,765 | 86,715 | 88,050 | ||
| Accruals and Deferred Income | 45,675 | -209,550 | 2,314,409 | ||
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | |||||
| Other Short Term Loans | |||||
| Long term loans | 1,367,542 | ||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | -1,835,454 | 212,663 | 1,622,791 | ||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -14,579 | -54,105 | 82,341 | 1 | |
| overdraft | -50,884 | 99,631 | 170,330 | ||
| change in cash | 36,305 | -153,736 | -87,989 | 1 |
provincial hotels & inns limited Credit Report and Business Information
Provincial Hotels & Inns Limited Competitor Analysis
Perform a competitor analysis for provincial hotels & inns limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in LA5 area or any other competitors across 12 key performance metrics.
provincial hotels & inns limited Ownership
PROVINCIAL HOTELS & INNS LIMITED group structure
Provincial Hotels & Inns Limited has no subsidiary companies.
Ultimate parent company
PROVINCIAL HOTELS & INNS LIMITED
08766501
provincial hotels & inns limited directors
Provincial Hotels & Inns Limited currently has 3 directors. The longest serving directors include Mrs Patricia Norman (Jan 2022) and Miss Victoria Norman (Jan 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Patricia Norman | England | 81 years | Jan 2022 | - | Director |
| Miss Victoria Norman | England | 53 years | Jan 2022 | - | Director |
| Mrs Justina Willcox | England | 54 years | Jan 2022 | - | Director |
P&L
May 2019turnover
2.1m
-54%
operating profit
-550.8k
0%
gross margin
61.5%
-0.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2019net assets
-618.2k
-0.14%
total assets
3.1m
-0.15%
cash
13.7k
-0.52%
net assets
Total assets minus all liabilities
provincial hotels & inns limited company details
company number
08766501
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
November 2013
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2019
previous names
N/A
accountant
-
auditor
-
address
county hotel, lancaster rd, carnforth, lancaster, LA5 9LD
Bank
-
Legal Advisor
-
provincial hotels & inns 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 14 charges/mortgages relating to provincial hotels & inns limited. Currently there are 14 open charges and 0 have been satisfied in the past.
provincial hotels & inns limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for PROVINCIAL HOTELS & INNS LIMITED. This can take several minutes, an email will notify you when this has completed.
provincial hotels & inns limited Companies House Filings - See Documents
| date | description | view/download |
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