lethendy cheltenham limited
lethendy cheltenham limited Company Information
Company Number
09699946
Website
-Registered Address
2nd floor, arcadia house, 15 forlease road, maidenhead, berkshire, SL6 1RX
Industry
Hotels and similar accommodation
Telephone
-
Next Accounts Due
November 2024
Group Structure
View All
Directors
Peter Hales6 Years
Shareholders
london & regional group trading no 3 ltd 95%
sir david michael charles michels 5%
lethendy cheltenham limited Estimated Valuation
Pomanda estimates the enterprise value of LETHENDY CHELTENHAM LIMITED at £8.9m based on a Turnover of £6.3m and 1.42x industry multiple (adjusted for size and gross margin).
lethendy cheltenham limited Estimated Valuation
Pomanda estimates the enterprise value of LETHENDY CHELTENHAM LIMITED at £6.5m based on an EBITDA of £1.1m and a 5.88x industry multiple (adjusted for size and gross margin).
lethendy cheltenham limited Estimated Valuation
Pomanda estimates the enterprise value of LETHENDY CHELTENHAM LIMITED at £11.5m based on Net Assets of £5.9m and 1.96x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Lethendy Cheltenham Limited Overview
Lethendy Cheltenham Limited is a dissolved company that was located in maidenhead, SL6 1RX with a Companies House number of 09699946. It operated in the hotels and similar accommodation sector, SIC Code 55100. Founded in July 2015, it's largest shareholder was london & regional group trading no 3 ltd with a 95% stake. The last turnover for Lethendy Cheltenham Limited was estimated at £6.3m.
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Lethendy Cheltenham Limited Health Check
Pomanda's financial health check has awarded Lethendy Cheltenham Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £6.3m, make it larger than the average company (£4.9m)
£6.3m - Lethendy Cheltenham Limited
£4.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (3.2%)
11% - Lethendy Cheltenham Limited
3.2% - Industry AVG
Production
with a gross margin of 79.7%, this company has a lower cost of product (60.1%)
79.7% - Lethendy Cheltenham Limited
60.1% - Industry AVG
Profitability
an operating margin of 6.7% make it as profitable than the average company (7.9%)
6.7% - Lethendy Cheltenham Limited
7.9% - Industry AVG
Employees
with 119 employees, this is above the industry average (88)
119 - Lethendy Cheltenham Limited
88 - Industry AVG
Pay Structure
on an average salary of £17.6k, the company has an equivalent pay structure (£19.6k)
£17.6k - Lethendy Cheltenham Limited
£19.6k - Industry AVG
Efficiency
resulting in sales per employee of £52.7k, this is less efficient (£62.5k)
£52.7k - Lethendy Cheltenham Limited
£62.5k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (10 days)
6 days - Lethendy Cheltenham Limited
10 days - Industry AVG
Creditor Days
its suppliers are paid after 72 days, this is slower than average (41 days)
72 days - Lethendy Cheltenham Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 8 days, this is more than average (7 days)
8 days - Lethendy Cheltenham Limited
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is more cash available to meet short term requirements (6 weeks)
10 weeks - Lethendy Cheltenham Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.9%, this is a similar level of debt than the average (71.6%)
66.9% - Lethendy Cheltenham Limited
71.6% - Industry AVG
LETHENDY CHELTENHAM LIMITED financials
Lethendy Cheltenham Limited's latest turnover from December 2019 is £6.3 million and the company has net assets of £5.9 million. According to their latest financial statements, Lethendy Cheltenham Limited has 119 employees and maintains cash reserves of £300.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|
| Turnover | 6,271,856 | 7,843,119 | 4,957,808 | 4,566,903 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,272,324 | 1,546,770 | 2,301,222 | 2,263,724 |
| Gross Profit | 4,999,532 | 6,296,349 | 2,656,586 | 2,303,179 |
| Admin Expenses | 4,582,041 | 5,890,772 | 2,611,293 | 1,965,070 |
| Operating Profit | 417,491 | 405,577 | 45,293 | 338,109 |
| Interest Payable | 381,374 | 368,924 | 231,135 | 170,029 |
| Interest Receivable | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 36,117 | 36,653 | -185,842 | 168,080 |
| Tax | 0 | -44,161 | 7,295 | -27,112 |
| Profit After Tax | 36,117 | -7,508 | -178,547 | 140,968 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | 36,117 | -7,508 | -178,547 | 140,968 |
| Employee Costs | 2,098,345 | 2,554,359 | 291,547 | 164,354 |
| Number Of Employees | 119 | 117 | 116 | 97 |
| EBITDA* | 1,111,288 | 1,161,634 | 634,117 | 578,502 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|
| Tangible Assets | 15,249,077 | 15,911,600 | 10,692,562 | 9,093,547 |
| Intangible Assets | 0 | 0 | 585,000 | 650,000 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 15,249,077 | 15,911,600 | 11,277,562 | 9,743,547 |
| Stock & work in progress | 31,347 | 34,611 | 35,074 | 36,387 |
| Trade Debtors | 111,371 | 200,546 | 158,189 | 320,089 |
| Group Debtors | 1,763,625 | 778,627 | 0 | 0 |
| Misc Debtors | 250,131 | 176,452 | 219,475 | 89,091 |
| Cash | 300,860 | 1,008,711 | 1,463,881 | 1,122,980 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 2,457,334 | 2,198,947 | 1,876,619 | 1,568,547 |
| total assets | 17,706,411 | 18,110,547 | 13,154,181 | 11,312,094 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 281,784 | 280,654 | 0 | 0 |
| Trade Creditors | 252,692 | 256,911 | 178,237 | 342,070 |
| Group/Directors Accounts | 76,191 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 861,206 | 1,091,646 | 926,921 | 620,531 |
| total current liabilities | 1,471,873 | 1,629,211 | 1,105,158 | 962,601 |
| loans | 10,367,263 | 10,650,178 | 12,066,685 | 10,181,313 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 19,817 | 27,112 |
| total long term liabilities | 10,367,263 | 10,650,178 | 12,086,502 | 10,208,425 |
| total liabilities | 11,839,136 | 12,279,389 | 13,191,660 | 11,171,026 |
| net assets | 5,867,275 | 5,831,158 | -37,479 | 141,068 |
| total shareholders funds | 5,867,275 | 5,831,158 | -37,479 | 141,068 |
| Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 417,491 | 405,577 | 45,293 | 338,109 |
| Depreciation | 693,797 | 756,057 | 523,824 | 240,393 |
| Amortisation | 0 | 0 | 65,000 | 0 |
| Tax | 0 | -44,161 | 7,295 | -27,112 |
| Stock | -3,264 | -463 | -1,313 | 36,387 |
| Debtors | 969,502 | 777,961 | -31,516 | 409,180 |
| Creditors | -4,219 | 78,674 | -163,833 | 342,070 |
| Accruals and Deferred Income | -230,440 | 164,725 | 306,390 | 620,531 |
| Deferred Taxes & Provisions | 0 | -19,817 | -7,295 | 27,112 |
| Cash flow from operations | -89,609 | 563,557 | 809,503 | 1,095,536 |
| Investing Activities | ||||
| capital expenditure | -2,122,839 | -9,983,940 | ||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | -2,122,839 | -9,983,940 | ||
| Financing Activities | ||||
| Bank loans | 1,130 | 280,654 | 0 | 0 |
| Group/Directors Accounts | 76,191 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | -282,915 | -1,416,507 | 1,885,372 | 10,181,313 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -381,374 | -368,924 | -231,135 | -170,029 |
| cash flow from financing | -586,968 | 4,371,368 | 1,654,237 | 10,011,384 |
| cash and cash equivalents | ||||
| cash | -707,851 | -455,170 | 340,901 | 1,122,980 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -707,851 | -455,170 | 340,901 | 1,122,980 |
lethendy cheltenham limited Credit Report and Business Information
Lethendy Cheltenham Limited Competitor Analysis
Perform a competitor analysis for lethendy cheltenham limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in SL6 area or any other competitors across 12 key performance metrics.
lethendy cheltenham limited Ownership
LETHENDY CHELTENHAM LIMITED group structure
Lethendy Cheltenham Limited has no subsidiary companies.
Ultimate parent company
2 parents
LETHENDY CHELTENHAM LIMITED
09699946
lethendy cheltenham limited directors
Lethendy Cheltenham Limited currently has 1 director, Mr Peter Hales serving since Sep 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Hales | 55 years | Sep 2018 | - | Director |
P&L
December 2019turnover
6.3m
-20%
operating profit
417.5k
+3%
gross margin
79.8%
-0.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
5.9m
+0.01%
total assets
17.7m
-0.02%
cash
300.9k
-0.7%
net assets
Total assets minus all liabilities
lethendy cheltenham limited company details
company number
09699946
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
July 2015
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2019
previous names
michels ventures 1 limited (May 2019)
accountant
-
auditor
AZETS AUDIT SERVICES
address
2nd floor, arcadia house, 15 forlease road, maidenhead, berkshire, SL6 1RX
Bank
-
Legal Advisor
-
lethendy cheltenham 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 5 charges/mortgages relating to lethendy cheltenham limited. Currently there are 0 open charges and 5 have been satisfied in the past.
lethendy cheltenham limited Companies House Filings - See Documents
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