Merrick Lodge Hotel Limited

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merrick lodge hotel limited Company Information

Live

YoungMidDeclining

Company Number

10241872

Website

merricklodge.co.uk

Registered Address

2nd floor, holt court, 16 warwick row, coventry, CV1 1EJ

Industry

Hotels and similar accommodation

Telephone

02476447459

Next Accounts Due

December 2024

Group Structure

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Directors

Nikolas Rogan8 Years

Mark Rogan8 Years

Shareholders

mark steven rogan 50%

nikolas david rogan 50%

merrick lodge hotel limited Estimated Valuation

£16m

Pomanda estimates the enterprise value of MERRICK LODGE HOTEL LIMITED at £16m based on a Turnover of £11.3m and 1.41x industry multiple (adjusted for size and gross margin).

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Merrick Lodge Hotel Limited is a live company located in coventry, CV1 1EJ with a Companies House number of 10241872. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in June 2016, it's largest shareholder is mark steven rogan with a 50% stake. Merrick Lodge Hotel Limited is a young, mid sized company, Pomanda has estimated its turnover at £11.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Merrick Lodge Hotel Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £11.3m, make it larger than the average company (£4.5m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (1.3%)

EXPORT

Merrick Lodge Hotel Limited's latest turnover from March 2023 is estimated at £11.3 million and the company has net assets of £429.2 thousand. According to their latest financial statements, Merrick Lodge Hotel Limited has 11 employees and maintains cash reserves of £20.3 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	Mar 2017
Turnover	11,312,666	9,078,407	16,612,484	17,240,207	7,521,193	4,546,488	1,783,886
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	4,242,917	3,868,313	8,521,405	6,982,334	2,951,560	1,798,489	695,874
Gross Profit	7,069,748	5,210,094	8,091,079	10,257,873	4,569,633	2,747,998	1,088,012
Admin Expenses	7,016,294	5,349,663	8,080,911	10,092,696	4,421,306	2,526,632	965,567
Operating Profit	53,454	-139,569	10,168	165,177	148,327	221,366	122,445
Interest Payable	0	0	10,656	10,656	0	0	0
Interest Receivable	1,177	1,007	161	72	658	548	122
Pre-Tax Profit	54,631	-138,562	-327	154,593	148,985	221,914	122,568
Tax	-10,380	0	0	-29,373	-28,307	-42,164	-24,513
Profit After Tax	44,251	-138,562	-327	125,220	120,678	179,750	98,054
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	44,251	-138,562	-327	125,220	120,678	179,750	98,054
Employee Costs	241,186	197,561	242,569	267,364	260,629	211,917	239,678
Number Of Employees	11	10	13	14	14	12	14
EBITDA*	60,270	-123,225	38,081	191,560	171,299	244,341	135,267

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Tangible Assets	643,214	648,450	648,448	642,303	629,871	630,794	628,010
Intangible Assets	0	0	8,333	28,333	48,333	68,333	88,333
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	643,214	648,450	656,781	670,636	678,204	699,127	716,343
Stock & work in progress	360	385	765	1,120	2,050	2,160	4,075
Trade Debtors	664,977	649,195	719,972	1,063,029	476,232	282,335	88,161
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0
Cash	20,343	35,052	233,398	89,485	54,197	121,289	97,914
misc current assets	0	0	0	0	0	0	0
total current assets	685,680	684,632	954,135	1,153,634	532,479	405,784	190,150
total assets	1,328,894	1,333,082	1,610,916	1,824,270	1,210,683	1,104,911	906,493
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	489,366	502,297	598,088	832,737	810,182	824,912	806,691
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0
total current liabilities	489,366	502,297	598,088	832,737	810,182	824,912	806,691
loans	0	0	0	349,390	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	405,910	440,423	483,904	114,060	0	0	0
provisions	4,454	5,449	5,449	4,281	1,919	2,095	1,648
total long term liabilities	410,364	445,872	489,353	467,731	1,919	2,095	1,648
total liabilities	899,730	948,169	1,087,441	1,300,468	812,101	827,007	808,339
net assets	429,164	384,913	523,475	523,802	398,582	277,904	98,154
total shareholders funds	429,164	384,913	523,475	523,802	398,582	277,904	98,154

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Operating Activities
Operating Profit	53,454	-139,569	10,168	165,177	148,327	221,366	122,445
Depreciation	6,816	8,011	7,913	6,383	2,972	2,975	1,155
Amortisation	0	8,333	20,000	20,000	20,000	20,000	11,667
Tax	-10,380	0	0	-29,373	-28,307	-42,164	-24,513
Stock	-25	-380	-355	-930	-110	-1,915	4,075
Debtors	15,782	-70,777	-343,057	586,797	193,897	194,174	88,161
Creditors	-12,931	-95,791	-234,649	22,555	-14,730	18,221	806,691
Accruals and Deferred Income	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-995	0	1,168	2,362	-176	447	1,648
Cash flow from operations	20,207	-147,859	148,012	-398,763	-65,701	28,586	826,857
Investing Activities
capital expenditure	-1,580	-8,013	-14,058	-18,815	-2,049	-5,759	-729,165
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	-1,580	-8,013	-14,058	-18,815	-2,049	-5,759	-729,165
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	-349,390	349,390	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	-34,513	-43,481	369,844	114,060	0	0	0
share issue	0	0	0	0	0	0	100
interest	1,177	1,007	-10,495	-10,584	658	548	122
cash flow from financing	-33,336	-42,474	9,959	452,866	658	548	222
cash and cash equivalents
cash	-14,709	-198,346	143,913	35,288	-67,092	23,375	97,914
overdraft	0	0	0	0	0	0	0
change in cash	-14,709	-198,346	143,913	35,288	-67,092	23,375	97,914

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for merrick lodge hotel limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other mid companies, companies in CV1 area or any other competitors across 12 key performance metrics.

MERRICK LODGE HOTEL LIMITED group structure

Merrick Lodge Hotel Limited has no subsidiary companies.

Ultimate parent company

MERRICK LODGE HOTEL LIMITED

10241872

MERRICK LODGE HOTEL LIMITED Shareholders

mark steven rogan	50%
nikolas david rogan	50%

Merrick Lodge Hotel Limited currently has 2 directors. The longest serving directors include Mr Nikolas Rogan (Jun 2016) and Mr Mark Rogan (Jun 2016).

officer	country	age	start	end	role
Mr Nikolas Rogan	England	59 years	Jun 2016	-	Director
Mr Mark Rogan	England	56 years	Jun 2016	-	Director

P&L

March 2023

turnover

11.3m

+25%

operating profit

53.5k

gross margin

62.5%

+8.89%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

429.2k

+0.11%

total assets

1.3m

cash

20.3k

-0.42%

net assets

Total assets minus all liabilities

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company number

10241872

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

June 2016

ultimate parent company

None

previous names

N/A

address

2nd floor, holt court, 16 warwick row, coventry, CV1 1EJ

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 2 charges/mortgages relating to merrick lodge hotel limited. Currently there are 2 open charges and 0 have been satisfied in the past.

merrick lodge hotel limited Company Information

merrick lodge hotel limited Estimated Valuation

merrick lodge hotel limited Estimated Valuation

merrick lodge hotel limited Estimated Valuation

Merrick Lodge Hotel Limited Overview

Merrick Lodge Hotel Limited Health Check

MERRICK LODGE HOTEL LIMITED financials

merrick lodge hotel limited Credit Report and Business Information

Merrick Lodge Hotel Limited Competitor Analysis

merrick lodge hotel limited Ownership

merrick lodge hotel limited directors

merrick lodge hotel limited company details

merrick lodge hotel limited Charges & Mortgages

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