z hotels covent garden limited
z hotels covent garden limited Company Information
Company Number
09998033
Next Accounts
Dec 2024
Industry
Hotels and similar accommodation
Shareholders
z hotels covent garden hotel holdings ltd
Group Structure
View All
Contact
Registered Address
53-59 chandos place, london, WC2N 4HS
Website
thezhotels.comz hotels covent garden limited Estimated Valuation
Pomanda estimates the enterprise value of Z HOTELS COVENT GARDEN LIMITED at £8.7m based on a Turnover of £6.3m and 1.38x industry multiple (adjusted for size and gross margin).
z hotels covent garden limited Estimated Valuation
Pomanda estimates the enterprise value of Z HOTELS COVENT GARDEN LIMITED at £9.2m based on an EBITDA of £1.6m and a 5.72x industry multiple (adjusted for size and gross margin).
z hotels covent garden limited Estimated Valuation
Pomanda estimates the enterprise value of Z HOTELS COVENT GARDEN LIMITED at £0 based on Net Assets of £-946.8k and 2.26x industry multiple (adjusted for liquidity).
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Z Hotels Covent Garden Limited Overview
Z Hotels Covent Garden Limited is a live company located in london, WC2N 4HS with a Companies House number of 09998033. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in February 2016, it's largest shareholder is z hotels covent garden hotel holdings ltd with a 100% stake. Z Hotels Covent Garden Limited is a young, mid sized company, Pomanda has estimated its turnover at £6.3m with rapid growth in recent years.
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Z Hotels Covent Garden Limited Health Check
Pomanda's financial health check has awarded Z Hotels Covent Garden Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £6.3m, make it larger than the average company (£4.7m)
£6.3m - Z Hotels Covent Garden Limited
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 124%, show it is growing at a faster rate (1.6%)
- Z Hotels Covent Garden Limited
1.6% - Industry AVG
Production
with a gross margin of 74.9%, this company has a comparable cost of product (63.5%)
74.9% - Z Hotels Covent Garden Limited
63.5% - Industry AVG
Profitability
an operating margin of 16.7% make it more profitable than the average company (9.5%)
16.7% - Z Hotels Covent Garden Limited
9.5% - Industry AVG
Employees
with 98 employees, this is above the industry average (77)
- Z Hotels Covent Garden Limited
77 - Industry AVG
Pay Structure
on an average salary of £22.2k, the company has an equivalent pay structure (£22.2k)
- Z Hotels Covent Garden Limited
£22.2k - Industry AVG
Efficiency
resulting in sales per employee of £64.6k, this is equally as efficient (£65.2k)
- Z Hotels Covent Garden Limited
£65.2k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is later than average (8 days)
19 days - Z Hotels Covent Garden Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (50 days)
21 days - Z Hotels Covent Garden Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 12 days, this is more than average (8 days)
12 days - Z Hotels Covent Garden Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (8 weeks)
1 weeks - Z Hotels Covent Garden Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 106.7%, this is a higher level of debt than the average (75%)
106.7% - Z Hotels Covent Garden Limited
75% - Industry AVG
Z HOTELS COVENT GARDEN LIMITED financials
Z Hotels Covent Garden Limited's latest turnover from March 2023 is £6.3 million and the company has net assets of -£946.8 thousand. According to their latest financial statements, we estimate that Z Hotels Covent Garden Limited has 98 employees and maintains cash reserves of £344.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 6,330,172 | 3,156,822 | |||||
| Other Income Or Grants | 0 | 0 | |||||
| Cost Of Sales | 1,586,365 | 424,617 | |||||
| Gross Profit | 4,743,807 | 2,732,205 | |||||
| Admin Expenses | 3,686,101 | 3,638,022 | |||||
| Operating Profit | 1,057,706 | -905,817 | |||||
| Interest Payable | 0 | 296,641 | |||||
| Interest Receivable | 0 | 0 | |||||
| Pre-Tax Profit | 1,057,706 | -1,202,458 | |||||
| Tax | -262,331 | 213,370 | |||||
| Profit After Tax | 795,375 | -989,088 | |||||
| Dividends Paid | 0 | 0 | |||||
| Retained Profit | 795,375 | -989,088 | |||||
| Employee Costs | |||||||
| Number Of Employees | 17 | ||||||
| EBITDA* | 1,601,692 | -257,644 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,381,198 | 12,910,816 | 13,549,481 | 14,207,921 | 14,877,371 | 3,349,559 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 12,381,198 | 12,910,816 | 13,549,481 | 14,207,921 | 14,877,371 | 3,349,559 | 0 |
| Stock & work in progress | 52,438 | 55,026 | 52,284 | 53,734 | 59,388 | 0 | 0 |
| Trade Debtors | 345,188 | 2,722 | 1,390 | 7,396 | 1,026 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 73,728 | 0 | 137,859 | 0 |
| Misc Debtors | 951,703 | 2,392,419 | 2,198,015 | 2,578,681 | 2,470,197 | 1,562,474 | 8,747 |
| Cash | 344,549 | 328,443 | 12,632 | 1,517 | 52,418 | 47,897 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,693,878 | 2,778,610 | 2,264,321 | 2,715,056 | 2,583,029 | 1,748,230 | 8,747 |
| total assets | 14,075,076 | 15,689,426 | 15,813,802 | 16,922,977 | 17,460,400 | 5,097,789 | 8,747 |
| Bank overdraft | 0 | 0 | 275,852 | 275,852 | 4,500,000 | 2,422,190 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 92,340 | 382,673 | 1,061,607 | 517,899 | 85,908 | 119 | 0 |
| Group/Directors Accounts | 11,218,188 | 12,573,102 | 6,190,752 | 4,893,230 | 5,740,212 | 2,694,649 | 53,219 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,711,319 | 3,024,713 | 2,969,030 | 3,304,601 | 3,492,983 | 889,418 | 0 |
| total current liabilities | 15,021,847 | 15,980,488 | 10,497,241 | 8,991,582 | 13,819,103 | 6,006,376 | 53,219 |
| loans | 0 | 0 | 5,034,259 | 5,241,148 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 1,451,084 | 1,035,360 | 1,103,913 | 1,152,882 | 0 | 0 |
| total long term liabilities | 0 | 1,451,084 | 6,069,619 | 6,345,061 | 1,152,882 | 0 | 0 |
| total liabilities | 15,021,847 | 17,431,572 | 16,566,860 | 15,336,643 | 14,971,985 | 6,006,376 | 53,219 |
| net assets | -946,771 | -1,742,146 | -753,058 | 1,586,334 | 2,488,415 | -908,587 | -44,472 |
| total shareholders funds | -946,771 | -1,742,146 | -753,058 | 1,586,334 | 2,488,415 | -908,587 | -44,472 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Feb 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 1,057,706 | -905,817 | |||||
| Depreciation | 543,986 | 648,173 | 658,440 | 694,313 | 233,476 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -262,331 | 213,370 | |||||
| Stock | -2,588 | 2,742 | -1,450 | -5,654 | 59,388 | 0 | 0 |
| Debtors | -1,098,250 | 195,736 | -460,400 | 188,582 | 770,890 | 1,691,586 | 8,747 |
| Creditors | -290,333 | -678,934 | 543,708 | 431,991 | 85,789 | 119 | 0 |
| Accruals and Deferred Income | 686,606 | 55,683 | -335,571 | -188,382 | 2,603,565 | 889,418 | 0 |
| Deferred Taxes & Provisions | -1,451,084 | 415,724 | -68,553 | -48,969 | 1,152,882 | 0 | 0 |
| Cash flow from operations | 1,385,388 | -450,279 | |||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,354,914 | 6,382,350 | 1,297,522 | -846,982 | 3,045,563 | 2,641,430 | 53,219 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -5,034,259 | -206,889 | 5,241,148 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | 0 | -296,641 | |||||
| cash flow from financing | -1,354,914 | 1,051,450 | |||||
| cash and cash equivalents | |||||||
| cash | 16,106 | 315,811 | 11,115 | -50,901 | 4,521 | 47,897 | 0 |
| overdraft | 0 | -275,852 | 0 | -4,224,148 | 2,077,810 | 2,422,190 | 0 |
| change in cash | 16,106 | 591,663 | 11,115 | 4,173,247 | -2,073,289 | -2,374,293 | 0 |
z hotels covent garden limited Credit Report and Business Information
Z Hotels Covent Garden Limited Competitor Analysis
Perform a competitor analysis for z hotels covent garden limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other mid companies, companies in WC2N area or any other competitors across 12 key performance metrics.
z hotels covent garden limited Ownership
Z HOTELS COVENT GARDEN LIMITED group structure
Z Hotels Covent Garden Limited has no subsidiary companies.
Ultimate parent company
Z HOTELS COVENT GARDEN HOTEL HOLDINGS
#0151472
1 parent
Z HOTELS COVENT GARDEN LIMITED
09998033
z hotels covent garden limited directors
Z Hotels Covent Garden Limited currently has 5 directors. The longest serving directors include Mr Beverly King (Feb 2016) and Mr Manish Gudka (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Beverly King | England | 58 years | Feb 2016 | - | Director |
| Mr Manish Gudka | England | 54 years | Dec 2021 | - | Director |
| Mr Suraj Shah | England | 42 years | Dec 2022 | - | Director |
| Mr Patricio Leighton | England | 56 years | Dec 2022 | - | Director |
| Mr Mansukh Gudka | United Kingdom | 84 years | Dec 2022 | - | Director |
P&L
March 2023turnover
6.3m
+101%
operating profit
1.1m
-217%
gross margin
75%
-13.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-946.8k
-0.46%
total assets
14.1m
-0.1%
cash
344.5k
+0.05%
net assets
Total assets minus all liabilities
Similar Companies
z hotels covent garden limited company details
company number
09998033
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
February 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
53-59 chandos place, london, WC2N 4HS
Bank
SANTANDER
Legal Advisor
-
z hotels covent garden 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 6 charges/mortgages relating to z hotels covent garden limited. Currently there are 1 open charges and 5 have been satisfied in the past.
z hotels covent garden 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 Z HOTELS COVENT GARDEN LIMITED. This can take several minutes, an email will notify you when this has completed.
z hotels covent garden limited Companies House Filings - See Documents
| date | description | view/download |
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