westcliff ventures limited
westcliff ventures limited Company Information
Company Number
09419967
Website
-Registered Address
muthu westcliff boutique hotel, westcliff parade, westcliff-on-sea, essex, SS0 7QW
Industry
Hotels and similar accommodation
Telephone
01702302235
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
mgm uk hotels holdings limited 100%
westcliff ventures limited Estimated Valuation
Pomanda estimates the enterprise value of WESTCLIFF VENTURES LIMITED at £1.6m based on a Turnover of £1.3m and 1.27x industry multiple (adjusted for size and gross margin).
westcliff ventures limited Estimated Valuation
Pomanda estimates the enterprise value of WESTCLIFF VENTURES LIMITED at £953.4k based on an EBITDA of £188k and a 5.07x industry multiple (adjusted for size and gross margin).
westcliff ventures limited Estimated Valuation
Pomanda estimates the enterprise value of WESTCLIFF VENTURES LIMITED at £2.1m based on Net Assets of £1.1m and 1.92x industry multiple (adjusted for liquidity).
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Westcliff Ventures Limited Overview
Westcliff Ventures Limited is a live company located in westcliff-on-sea, SS0 7QW with a Companies House number of 09419967. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in February 2015, it's largest shareholder is mgm uk hotels holdings limited with a 100% stake. Westcliff Ventures Limited is a young, small sized company, Pomanda has estimated its turnover at £1.3m with low growth in recent years.
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Westcliff Ventures Limited Health Check
Pomanda's financial health check has awarded Westcliff Ventures Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£3.9m)
£1.3m - Westcliff Ventures Limited
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a faster rate (-2.9%)
2% - Westcliff Ventures Limited
-2.9% - Industry AVG
Production
with a gross margin of 73.4%, this company has a lower cost of product (60.5%)
73.4% - Westcliff Ventures Limited
60.5% - Industry AVG
Profitability
an operating margin of 12.4% make it more profitable than the average company (7.7%)
12.4% - Westcliff Ventures Limited
7.7% - Industry AVG
Employees
with 33 employees, this is below the industry average (68)
33 - Westcliff Ventures Limited
68 - Industry AVG
Pay Structure
on an average salary of £22.2k, the company has an equivalent pay structure (£22.2k)
- Westcliff Ventures Limited
£22.2k - Industry AVG
Efficiency
resulting in sales per employee of £38.4k, this is less efficient (£64.3k)
£38.4k - Westcliff Ventures Limited
£64.3k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (10 days)
1 days - Westcliff Ventures Limited
10 days - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is quicker than average (49 days)
36 days - Westcliff Ventures Limited
49 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Westcliff Ventures Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is more cash available to meet short term requirements (7 weeks)
22 weeks - Westcliff Ventures Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.1%, this is a lower level of debt than the average (78.7%)
40.1% - Westcliff Ventures Limited
78.7% - Industry AVG
WESTCLIFF VENTURES LIMITED financials
Westcliff Ventures Limited's latest turnover from December 2022 is £1.3 million and the company has net assets of £1.1 million. According to their latest financial statements, Westcliff Ventures Limited has 33 employees and maintains cash reserves of £312.3 thousand 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 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 1,268,716 | 1,033,297 | 521,674 | 1,202,904 | 1,503,979 | 1,477,940 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 338,126 | 364,541 | 191,264 | 353,036 | 429,713 | 504,279 | ||
| Gross Profit | 930,590 | 668,756 | 330,410 | 849,868 | 1,074,266 | 973,661 | ||
| Admin Expenses | 773,143 | 388,547 | 284,450 | 787,703 | 769,605 | 861,538 | ||
| Operating Profit | 157,447 | 280,209 | 45,960 | 62,165 | 304,661 | 112,123 | ||
| Interest Payable | 1,100 | 2,055 | 2,939 | 25,488 | 9,619 | 0 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Pre-Tax Profit | 156,347 | 278,154 | 43,021 | 36,677 | 295,042 | 112,123 | ||
| Tax | -29,706 | -52,560 | 694 | -6,969 | 533 | -18,829 | ||
| Profit After Tax | 126,641 | 225,594 | 43,715 | 29,708 | 295,575 | 93,294 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | 126,641 | 225,594 | 43,715 | 29,708 | 295,575 | 93,294 | ||
| Employee Costs | ||||||||
| Number Of Employees | 33 | 22 | 18 | 18 | 29 | 31 | 33 | |
| EBITDA* | 187,978 | 317,604 | 88,528 | 83,879 | 360,467 | 114,185 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 98,673 | 114,324 | 146,655 | 157,593 | 213,351 | 38,241 | 1,549 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,323 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 98,673 | 114,324 | 146,655 | 157,593 | 213,351 | 38,241 | 1,549 | 2,323 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 6,518 | 10,116 | 9,611 | 11,909 |
| Trade Debtors | 5,129 | 13,044 | 48,343 | 29,873 | 149,736 | 118,234 | 57,101 | 180,348 |
| Group Debtors | 1,386,453 | 1,185,109 | 983,601 | 673,631 | 625,991 | 341,492 | 315,986 | 0 |
| Misc Debtors | 11,536 | 0 | 4,035 | 16,727 | 17,138 | 21,698 | 34,733 | 0 |
| Cash | 312,318 | 234,669 | 38,373 | 362,729 | 186,599 | 224,928 | 125,966 | 239,448 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,715,436 | 1,432,822 | 1,074,352 | 1,082,960 | 985,982 | 716,468 | 543,397 | 431,705 |
| total assets | 1,814,109 | 1,547,146 | 1,221,007 | 1,240,553 | 1,199,333 | 754,709 | 544,946 | 434,028 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 33,708 | 40,370 | 49,461 | 55,023 | 87,198 | 182,121 | 47,497 | 199,948 |
| Group/Directors Accounts | 441,971 | 362,416 | 283,794 | 283,794 | 205,291 | 128,985 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 27,180 | 43,255 | 48,217 | 0 | 0 | 0 |
| other current liabilities | 251,799 | 183,037 | 120,002 | 136,690 | 103,085 | 70,939 | 166,102 | 0 |
| total current liabilities | 727,478 | 585,823 | 480,437 | 518,762 | 443,791 | 382,045 | 213,599 | 199,948 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 59,243 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 24,242 | 87,837 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 116,960 |
| provisions | 0 | 1,333 | 6,174 | 6,868 | 6,732 | 7,266 | 0 | 0 |
| total long term liabilities | 0 | 1,333 | 6,174 | 31,110 | 94,569 | 7,266 | 59,243 | 116,960 |
| total liabilities | 727,478 | 587,156 | 486,611 | 549,872 | 538,360 | 389,311 | 272,842 | 316,908 |
| net assets | 1,086,631 | 959,990 | 734,396 | 690,681 | 660,973 | 365,398 | 272,104 | 117,120 |
| total shareholders funds | 1,086,631 | 959,990 | 734,396 | 690,681 | 660,973 | 365,398 | 272,104 | 117,120 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 157,447 | 280,209 | 45,960 | 62,165 | 304,661 | 112,123 | ||
| Depreciation | 30,531 | 37,395 | 42,568 | 21,714 | 55,806 | 2,062 | 774 | 774 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -29,706 | -52,560 | 694 | -6,969 | 533 | -18,829 | ||
| Stock | 0 | 0 | 0 | -6,518 | -3,598 | 505 | -2,298 | 11,909 |
| Debtors | 204,965 | 162,174 | 315,748 | -72,634 | 311,441 | 73,604 | 227,472 | 180,348 |
| Creditors | -6,662 | -9,091 | -5,562 | -32,175 | -94,923 | 134,624 | -152,451 | 199,948 |
| Accruals and Deferred Income | 68,762 | 63,035 | -16,688 | 33,605 | 32,146 | -95,163 | 166,102 | 0 |
| Deferred Taxes & Provisions | -1,333 | -4,841 | -694 | 136 | -534 | 7,266 | 0 | 0 |
| Cash flow from operations | 14,074 | 151,973 | -249,470 | 157,628 | -10,154 | 67,974 | ||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 79,555 | 78,622 | 0 | 78,503 | 76,306 | 128,985 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -59,243 | 59,243 | 0 |
| Hire Purchase and Lease Commitments | 0 | -27,180 | -40,317 | -68,557 | 136,054 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -116,960 | 116,960 |
| share issue | ||||||||
| interest | -1,100 | -2,055 | -2,939 | -25,488 | -9,619 | 0 | ||
| cash flow from financing | 78,455 | 49,387 | -43,256 | -15,542 | 202,741 | 69,742 | ||
| cash and cash equivalents | ||||||||
| cash | 77,649 | 196,296 | -324,356 | 176,130 | -38,329 | 98,962 | -113,482 | 239,448 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 77,649 | 196,296 | -324,356 | 176,130 | -38,329 | 98,962 | -113,482 | 239,448 |
westcliff ventures limited Credit Report and Business Information
Westcliff Ventures Limited Competitor Analysis
Perform a competitor analysis for westcliff ventures limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
westcliff ventures limited Ownership
WESTCLIFF VENTURES LIMITED group structure
Westcliff Ventures Limited has no subsidiary companies.
Ultimate parent company
1 parent
WESTCLIFF VENTURES LIMITED
09419967
westcliff ventures limited directors
Westcliff Ventures Limited currently has 4 directors. The longest serving directors include Mr Ravi Venkatraman (Jan 2016) and Ms Monicca Maran (Sep 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ravi Venkatraman | 58 years | Jan 2016 | - | Director | |
| Ms Monicca Maran | 32 years | Sep 2017 | - | Director | |
| Mr Gkevin Maran | 27 years | Sep 2017 | - | Director | |
| Mr Porkodiyan Nachiappan | 54 years | Jul 2022 | - | Director |
P&L
December 2022turnover
1.3m
+23%
operating profit
157.4k
-44%
gross margin
73.4%
+13.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.1m
+0.13%
total assets
1.8m
+0.17%
cash
312.3k
+0.33%
net assets
Total assets minus all liabilities
Similar Companies
westcliff ventures limited company details
company number
09419967
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
February 2015
age
9
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
muthu westcliff boutique hotel, westcliff parade, westcliff-on-sea, essex, SS0 7QW
last accounts submitted
December 2022
westcliff ventures 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 westcliff ventures limited.
westcliff ventures limited Companies House Filings - See Documents
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