Chic Suites Ltd

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chic suites ltd Company Information

Live

YoungMicroDeclining

Company Number

10286254

Website

Registered Address

c/o property accounts limited, 59 castle street, reading, RG1 7SN

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Telephone

Next Accounts Due

September 2025

Group Structure

View All

Directors

Rachel Snee8 Years

Emily Snee8 Years

Shareholders

rachel snee 50%

emily snee 50%

chic suites ltd Estimated Valuation

£203.3k

Pomanda estimates the enterprise value of CHIC SUITES LTD at £203.3k based on a Turnover of £91.5k and 2.22x industry multiple (adjusted for size and gross margin).

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Chic Suites Ltd is a live company located in reading, RG1 7SN with a Companies House number of 10286254. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in July 2016, it's largest shareholder is rachel snee with a 50% stake. Chic Suites Ltd is a young, micro sized company, Pomanda has estimated its turnover at £91.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Chic Suites Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £91.5k, make it smaller than the average company (£994.7k)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (3.3%)

EXPORT

Chic Suites Ltd's latest turnover from December 2023 is estimated at £91.5 thousand and the company has net assets of -£164.9 thousand. According to their latest financial statements, Chic Suites Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Turnover	91,475	91,291	86,058	130,020	137,234	127,505	54,902
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	63,089	68,523	65,500	98,013	102,726	93,988	39,732
Gross Profit	28,386	22,768	20,558	32,007	34,508	33,517	15,170
Admin Expenses	30,675	23,122	30,679	28,526	46,072	49,836	142,236
Operating Profit	-2,289	-354	-10,121	3,481	-11,564	-16,319	-127,066
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	0	0	2	1	3	3	0
Pre-Tax Profit	-2,289	-354	-10,119	3,481	-11,561	-16,316	-127,066
Tax	0	0	0	-661	0	0	0
Profit After Tax	-2,289	-354	-10,119	2,820	-11,561	-16,316	-127,066
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	-2,289	-354	-10,119	2,820	-11,561	-16,316	-127,066
Employee Costs	65,990	62,094	59,943	56,729	58,305	56,199	26,646
Number Of Employees	2	2	2	2	2	2	1
EBITDA*	-2,289	-354	-10,121	3,481	-11,564	-16,319	-127,066

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Tangible Assets	0	0	0	0	0	9,362	27,323
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	0	0	0	0	0	9,362	27,323
Stock & work in progress	0	0	0	0	0	0	0
Trade Debtors	3,946	3,884	4,106	0	0	0	1,558
Group Debtors	0	0	0	2,578	2,578	0	0
Misc Debtors	0	0	0	0	0	0	0
Cash	0	0	0	1,252	3	904	0
misc current assets	0	0	0	0	0	0	0
total current assets	3,946	3,884	4,106	3,830	2,581	904	1,558
total assets	3,946	3,884	4,106	3,830	2,581	10,266	28,881
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	162,312	159,163	159,494	0	0	0	154,507
Group/Directors Accounts	0	0	0	145,319	149,002	144,642	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	2,468	6,453	6,819	0
total current liabilities	162,312	159,163	159,494	147,787	155,455	151,461	154,507
loans	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	1,440
other liabilities	6,519	7,317	6,850	8,162	2,065	2,183	0
provisions	0	0	0	0	0	0	0
total long term liabilities	6,519	7,317	6,850	8,162	2,065	2,183	1,440
total liabilities	168,831	166,480	166,344	155,949	157,520	153,644	155,947
net assets	-164,885	-162,596	-162,238	-152,119	-154,939	-143,378	-127,066
total shareholders funds	-164,885	-162,596	-162,238	-152,119	-154,939	-143,378	-127,066

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Operating Profit	-2,289	-354	-10,121	3,481	-11,564	-16,319	-127,066
Depreciation	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0
Tax	0	0	0	-661	0	0	0
Stock	0	0	0	0	0	0	0
Debtors	62	-222	1,528	0	2,578	-1,558	1,558
Creditors	3,149	-331	159,494	0	0	-154,507	154,507
Accruals and Deferred Income	0	0	-2,468	-3,985	-366	5,379	1,440
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	798	-463	145,377	-1,165	-14,508	-163,889	27,323
Investing Activities
capital expenditure	0	0	0	0	9,362	17,961	-27,323
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	9,362	17,961	-27,323
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-145,319	-3,683	4,360	144,642	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	-798	467	-1,312	6,097	-118	2,183	0
share issue	0	-4	0	0	0	4	0
interest	0	0	2	1	3	3	0
cash flow from financing	-798	463	-146,629	2,415	4,245	146,832	0
cash and cash equivalents
cash	0	0	-1,252	1,249	-901	904	0
overdraft	0	0	0	0	0	0	0
change in cash	0	0	-1,252	1,249	-901	904	0

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 chic suites ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in RG1 area or any other competitors across 12 key performance metrics.

CHIC SUITES LTD group structure

Chic Suites Ltd has no subsidiary companies.

Ultimate parent company

CHIC SUITES LTD

10286254

CHIC SUITES LTD Shareholders

rachel snee	50%
emily snee	50%

Chic Suites Ltd currently has 2 directors. The longest serving directors include Ms Rachel Snee (Jul 2016) and Ms Emily Snee (Jul 2016).

officer	country	age	start	end	role
Ms Rachel Snee	England	65 years	Jul 2016	-	Director
Ms Emily Snee	England	32 years	Jul 2016	-	Director

P&L

December 2023

turnover

91.5k

operating profit

-2.3k

gross margin

31.1%

+24.42%

turnover

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

Balance Sheet

December 2023

net assets

-164.9k

+0.01%

total assets

3.9k

+0.02%

cash

net assets

Total assets minus all liabilities

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company number

10286254

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

July 2016

ultimate parent company

None

previous names

N/A

address

c/o property accounts limited, 59 castle street, reading, RG1 7SN

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 chic suites ltd.

chic suites ltd Company Information

chic suites ltd Estimated Valuation

chic suites ltd Estimated Valuation

chic suites ltd Estimated Valuation

Chic Suites Ltd Overview

Chic Suites Ltd Health Check

CHIC SUITES LTD financials

chic suites ltd Credit Report and Business Information

Chic Suites Ltd Competitor Analysis

chic suites ltd Ownership

chic suites ltd directors

chic suites ltd company details

chic suites ltd Charges & Mortgages

chic suites ltd Companies House Filings - See Documents