suite hospitality limited
suite hospitality limited Company Information
Company Number
08799618
Website
hospitalitysuites.comRegistered Address
balliol house, southernhay gardens, exeter, devon, EX1 1NP
Industry
Hotels and similar accommodation
Telephone
-
Next Accounts Due
April 2024
Group Structure
View All
Shareholders
natatomisam ltd 99.7%
clear healthcare (iom) limited 0.3%
suite hospitality limited Estimated Valuation
The estimated valuation range for suite hospitality limited, derived from financial data as of December 2018 and the most recent industry multiples, is between £513.1k to £9.2m
suite hospitality limited Estimated Valuation
The estimated valuation range for suite hospitality limited, derived from financial data as of December 2018 and the most recent industry multiples, is between £513.1k to £9.2m
suite hospitality limited Estimated Valuation
The estimated valuation range for suite hospitality limited, derived from financial data as of December 2018 and the most recent industry multiples, is between £513.1k to £9.2m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Suite Hospitality Limited Overview
Suite Hospitality Limited is a dissolved company that was located in exeter, EX1 1NP with a Companies House number of 08799618. It operated in the hotels and similar accommodation sector, SIC Code 55100. Founded in December 2013, it's largest shareholder was natatomisam ltd with a 99.7% stake. The last turnover for Suite Hospitality Limited was estimated at £7.7m.
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Suite Hospitality Limited Health Check
Pomanda's financial health check has awarded Suite Hospitality Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 7 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
7 Weak
Size
annual sales of £7.7m, make it larger than the average company (£4.7m)
£7.7m - Suite Hospitality Limited
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (3.4%)
-12% - Suite Hospitality Limited
3.4% - Industry AVG
Production
with a gross margin of 48.6%, this company has a higher cost of product (60.9%)
48.6% - Suite Hospitality Limited
60.9% - Industry AVG
Profitability
an operating margin of -1.4% make it less profitable than the average company (8%)
-1.4% - Suite Hospitality Limited
8% - Industry AVG
Employees
with 177 employees, this is above the industry average (87)
177 - Suite Hospitality Limited
87 - Industry AVG
Pay Structure
on an average salary of £14.1k, the company has a lower pay structure (£18.9k)
£14.1k - Suite Hospitality Limited
£18.9k - Industry AVG
Efficiency
resulting in sales per employee of £43.5k, this is less efficient (£60k)
£43.5k - Suite Hospitality Limited
£60k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is later than average (10 days)
14 days - Suite Hospitality Limited
10 days - Industry AVG
Creditor Days
its suppliers are paid after 135 days, this is slower than average (43 days)
135 days - Suite Hospitality Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (7 days)
4 days - Suite Hospitality Limited
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (7 weeks)
1 weeks - Suite Hospitality Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.5%, this is a higher level of debt than the average (72.1%)
91.5% - Suite Hospitality Limited
72.1% - Industry AVG
suite hospitality limited Credit Report and Business Information
Suite Hospitality Limited Competitor Analysis
Perform a competitor analysis for suite hospitality limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
suite hospitality limited Ownership
SUITE HOSPITALITY LIMITED group structure
Suite Hospitality Limited has 1 subsidiary company.
Ultimate parent company
1 parent
SUITE HOSPITALITY LIMITED
08799618
1 subsidiary
suite hospitality limited directors
Suite Hospitality Limited currently has 2 directors. The longest serving directors include Mr Gary Sly (Apr 2017) and Mr Stephen Harvey (Feb 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gary Sly | 65 years | Apr 2017 | - | Director | |
| Mr Stephen Harvey | United Kingdom | 65 years | Feb 2019 | - | Director |
SUITE HOSPITALITY LIMITED financials
Suite Hospitality Limited's latest turnover from December 2018 is £7.7 million and the company has net assets of £271.5 thousand. According to their latest financial statements, Suite Hospitality Limited has 177 employees and maintains cash reserves of £76.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|
| Turnover | 7,703,858 | 11,236,400 | 11,487,603 | 11,313,706 | 9,488,548 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 3,961,113 | 6,001,404 | 5,925,254 | 5,723,423 | 4,950,805 |
| Gross Profit | 3,742,745 | 5,234,996 | 5,562,349 | 5,590,283 | 4,537,743 |
| Admin Expenses | 3,848,596 | 6,054,891 | 5,928,768 | 5,305,081 | 4,587,808 |
| Operating Profit | -105,851 | -819,895 | -366,419 | 285,202 | -50,065 |
| Interest Payable | 17,493 | 22,727 | 17,805 | 29,975 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -123,344 | -457,323 | -384,224 | 255,227 | -50,065 |
| Tax | -14,213 | 12,710 | 8,431 | -8,431 | 0 |
| Profit After Tax | -137,557 | -444,613 | -375,793 | 246,796 | -50,065 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -137,557 | -444,613 | -375,793 | 246,796 | -50,065 |
| Employee Costs | 2,498,064 | 3,764,661 | 3,891,633 | 3,852,295 | 3,305,600 |
| Number Of Employees | 177 | 234 | 243 | 225 | 235 |
| EBITDA* | 143,197 | -505,079 | -73,996 | 621,995 | 220,276 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|
| Tangible Assets | 2,231,234 | 2,336,383 | 2,794,918 | 2,762,681 | 2,822,555 |
| Intangible Assets | 197,882 | 251,831 | 386,022 | 749,192 | 831,239 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,429,116 | 2,588,214 | 3,180,940 | 3,511,873 | 3,653,794 |
| Stock & work in progress | 45,628 | 47,277 | 66,008 | 79,489 | 36,436 |
| Trade Debtors | 314,790 | 368,386 | 230,909 | 608,666 | 532,695 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 335,612 | 480,813 | 708,617 | 616,005 | 478,211 |
| Cash | 76,706 | 46,182 | 167,435 | 255,544 | 255,734 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 772,736 | 942,658 | 1,172,969 | 1,559,704 | 1,303,076 |
| total assets | 3,201,852 | 3,530,872 | 4,353,909 | 5,071,577 | 4,956,870 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,472,795 | 1,774,864 | 1,906,258 | 1,233,387 | 926,529 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,185,532 | 1,180,375 | 1,180,141 | 1,770,082 | 1,921,835 |
| total current liabilities | 2,658,327 | 2,955,239 | 3,086,399 | 3,003,469 | 2,848,364 |
| loans | 0 | 0 | 0 | 0 | 947,500 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 112,958 | 171,722 | 235,501 | 660,306 | 0 |
| provisions | 159,109 | 144,896 | 229,913 | 229,913 | 229,913 |
| total long term liabilities | 272,067 | 316,618 | 465,414 | 890,219 | 1,177,413 |
| total liabilities | 2,930,394 | 3,271,857 | 3,551,813 | 3,893,688 | 4,025,777 |
| net assets | 271,458 | 259,015 | 802,096 | 1,177,889 | 931,093 |
| total shareholders funds | 271,458 | 259,015 | 802,096 | 1,177,889 | 931,093 |
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -105,851 | -819,895 | -366,419 | 285,202 | -50,065 |
| Depreciation | 195,099 | 249,757 | 196,753 | 217,106 | 182,515 |
| Amortisation | 53,949 | 65,059 | 95,670 | 119,687 | 87,826 |
| Tax | -14,213 | 12,710 | 8,431 | -8,431 | 0 |
| Stock | -1,649 | -18,731 | -13,481 | 43,053 | 36,436 |
| Debtors | -198,797 | -90,327 | -285,145 | 213,765 | 1,010,906 |
| Creditors | -302,069 | -131,394 | 672,871 | 306,858 | 926,529 |
| Accruals and Deferred Income | 5,157 | 234 | -589,941 | -151,753 | 1,921,835 |
| Deferred Taxes & Provisions | 14,213 | -85,017 | 0 | 0 | 229,913 |
| Cash flow from operations | 46,731 | -599,488 | 315,991 | 511,851 | 2,251,211 |
| Investing Activities | |||||
| capital expenditure | -194,872 | -2,714,064 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -194,872 | -2,714,064 | |||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -947,500 | 947,500 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -58,764 | -63,779 | -424,805 | 660,306 | 0 |
| share issue | |||||
| interest | -17,493 | -22,727 | -17,805 | -29,975 | 0 |
| cash flow from financing | 73,743 | -184,974 | -442,610 | -317,169 | 1,928,658 |
| cash and cash equivalents | |||||
| cash | 30,524 | -121,253 | -88,109 | -190 | 255,734 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 30,524 | -121,253 | -88,109 | -190 | 255,734 |
P&L
December 2018turnover
7.7m
-31%
operating profit
-105.9k
-87%
gross margin
48.6%
+4.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
271.5k
+0.05%
total assets
3.2m
-0.09%
cash
76.7k
+0.66%
net assets
Total assets minus all liabilities
suite hospitality limited company details
company number
08799618
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
December 2013
age
11
accounts
Full Accounts
ultimate parent company
previous names
akkeron hospitality limited (January 2014)
incorporated
UK
address
balliol house, southernhay gardens, exeter, devon, EX1 1NP
last accounts submitted
December 2018
suite hospitality 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 suite hospitality limited.
suite hospitality limited Companies House Filings - See Documents
| date | description | view/download |
|---|
