Sky Hospitality Limited

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sky hospitality limited Company Information

Company Number

10372408

Next Accounts

Jun 2025

Directors

Rishyn Patel

Shareholders

alpesh narbheram

snehal patel

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Group Structure

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Industry

Event catering activities

Registered Address

271 green lane, ilford, IG3 9TN

Website

sky hospitality limited Estimated Valuation

£302k

Pomanda estimates the enterprise value of SKY HOSPITALITY LIMITED at £302k based on a Turnover of £739.9k and 0.41x industry multiple (adjusted for size and gross margin).

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Sky Hospitality Limited is a live company located in ilford, IG3 9TN with a Companies House number of 10372408. It operates in the event catering activities sector, SIC Code 56210. Founded in September 2016, it's largest shareholder is alpesh narbheram with a 37.5% stake. Sky Hospitality Limited is a young, small sized company, Pomanda has estimated its turnover at £739.9k with high growth in recent years.

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Pomanda's financial health check has awarded Sky Hospitality Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £739.9k, make it in line with the average company (£630.3k)

Growth

3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (7.8%)

EXPORT

Sky Hospitality Limited's latest turnover from September 2023 is estimated at £739.9 thousand and the company has net assets of -£55.2 thousand. According to their latest financial statements, Sky Hospitality Limited has 19 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Turnover	739,893	445,663	325,071	350,697	533,857	378,139	360,246
Other Income Or Grants
Cost Of Sales	581,575	374,913	332,390	296,782	441,561	291,693	283,394
Gross Profit	158,318	70,751	-7,319	53,915	92,297	86,446	76,851
Admin Expenses	89,107	226,703	-97,329	25,709	96,457	109,424	96,666
Operating Profit	69,211	-155,952	90,010	28,206	-4,160	-22,978	-19,815
Interest Payable
Interest Receivable
Pre-Tax Profit	69,211	-155,952	90,010	28,206	-4,160	-22,978	-19,815
Tax	-17,303		-17,102	-5,359
Profit After Tax	51,908	-155,952	72,908	22,847	-4,160	-22,978	-19,815
Dividends Paid
Retained Profit	51,908	-155,952	72,908	22,847	-4,160	-22,978	-19,815
Employee Costs	358,895	213,478	292,900	173,783	104,374	35,238	73,750
Number Of Employees	19	12	17	10	6	2	4
EBITDA*	69,211	-155,952	90,010	28,206	-4,160	-22,978	-19,815

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Tangible Assets	59,750	29,148	6,080	1,843
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	59,750	29,148	6,080	1,843
Stock & work in progress
Trade Debtors	119,658	100,008	130,543	69,614	73,985	70,926
Group Debtors							76,261
Misc Debtors
Cash
misc current assets
total current assets	119,658	100,008	130,543	69,614	73,985	70,926	76,261
total assets	179,408	129,156	136,623	71,457	73,985	70,926	76,261
Bank overdraft
Bank loan
Trade Creditors	185,708	174,030	41,370	45,563	120,938	113,719	96,076
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	185,708	174,030	41,370	45,563	120,938	113,719	96,076
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities	48,942	62,276	46,451	50,000
provisions
total long term liabilities	48,942	62,276	46,451	50,000
total liabilities	234,650	236,306	87,821	95,563	120,938	113,719	96,076
net assets	-55,242	-107,150	48,802	-24,106	-46,953	-42,793	-19,815
total shareholders funds	-55,242	-107,150	48,802	-24,106	-46,953	-42,793	-19,815

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Operating Activities
Operating Profit	69,211	-155,952	90,010	28,206	-4,160	-22,978	-19,815
Depreciation
Amortisation
Tax	-17,303		-17,102	-5,359
Stock
Debtors	19,650	-30,535	60,929	-4,371	3,059	-5,335	76,261
Creditors	11,678	132,660	-4,193	-75,375	7,219	17,643	96,076
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations	43,936	7,243	7,786	-48,157
Investing Activities
capital expenditure	-30,602	-23,068	-4,237	-1,843
Change in Investments
cash flow from investments	-30,602	-23,068	-4,237	-1,843
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	-13,334	15,825	-3,549	50,000
share issue
interest
cash flow from financing	-13,334	15,825	-3,549	50,000
cash and cash equivalents
cash
overdraft
change in cash

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 sky hospitality limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in IG3 area or any other competitors across 12 key performance metrics.

SKY HOSPITALITY LIMITED group structure

Sky Hospitality Limited has no subsidiary companies.

Ultimate parent company

SKY HOSPITALITY LIMITED

10372408

SKY HOSPITALITY LIMITED Shareholders

alpesh narbheram	37.5%
snehal patel	37.5%
rishyn patel	25%

Sky Hospitality Limited currently has 1 director, Mr Rishyn Patel serving since Jan 2019.

officer	country	age	start	end	role
Mr Rishyn Patel	United Kingdom	31 years	Jan 2019	-	Director

P&L

September 2023

turnover

739.9k

+66%

operating profit

69.2k

gross margin

21.4%

+34.78%

turnover

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

Balance Sheet

September 2023

net assets

-55.2k

-0.48%

total assets

179.4k

+0.39%

cash

net assets

Total assets minus all liabilities

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company number

10372408

Type

Private limited with Share Capital

industry

56210 - Event catering activities

incorporation date

September 2016

ultimate parent company

None

previous names

N/A

address

271 green lane, ilford, IG3 9TN

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sky hospitality limited Company Information

sky hospitality limited Estimated Valuation

sky hospitality limited Estimated Valuation

sky hospitality limited Estimated Valuation

Sky Hospitality Limited Overview

Sky Hospitality Limited Health Check

SKY HOSPITALITY LIMITED financials

sky hospitality limited Credit Report and Business Information

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sky hospitality limited Ownership

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