go city holdings limited
go city holdings limited Company Information
Company Number
10488990
Website
-Registered Address
c/o go city limited, 6 dryden street, london, WC2E 9NH
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
exponent private equity partners iii (spv) lp 52%
big bus tours group holdings limited 12.3%
View Allgo city holdings limited Estimated Valuation
Pomanda estimates the enterprise value of GO CITY HOLDINGS LIMITED at £365.6m based on a Turnover of £173.4m and 2.11x industry multiple (adjusted for size and gross margin).
go city holdings limited Estimated Valuation
Pomanda estimates the enterprise value of GO CITY HOLDINGS LIMITED at £62.2m based on an EBITDA of £7.7m and a 8.14x industry multiple (adjusted for size and gross margin).
go city holdings limited Estimated Valuation
Pomanda estimates the enterprise value of GO CITY HOLDINGS LIMITED at £0 based on Net Assets of £-152.2m and 1.72x industry multiple (adjusted for liquidity).
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Go City Holdings Limited Overview
Go City Holdings Limited is a live company located in london, WC2E 9NH with a Companies House number of 10488990. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in November 2016, it's largest shareholder is exponent private equity partners iii (spv) lp with a 52% stake. Go City Holdings Limited is a young, mega sized company, Pomanda has estimated its turnover at £173.4m with declining growth in recent years.
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Go City Holdings Limited Health Check
Pomanda's financial health check has awarded Go City Holdings Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
6 Weak
Size
annual sales of £173.4m, make it larger than the average company (£18.2m)
£173.4m - Go City Holdings Limited
£18.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (6.7%)
-15% - Go City Holdings Limited
6.7% - Industry AVG
Production
with a gross margin of 17.2%, this company has a higher cost of product (36.1%)
17.2% - Go City Holdings Limited
36.1% - Industry AVG
Profitability
an operating margin of -3.1% make it less profitable than the average company (5.1%)
-3.1% - Go City Holdings Limited
5.1% - Industry AVG
Employees
with 153 employees, this is above the industry average (106)
153 - Go City Holdings Limited
106 - Industry AVG
Pay Structure
on an average salary of £70.7k, the company has a higher pay structure (£42k)
£70.7k - Go City Holdings Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £1.1m, this is more efficient (£178.8k)
£1.1m - Go City Holdings Limited
£178.8k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (47 days)
8 days - Go City Holdings Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is quicker than average (48 days)
38 days - Go City Holdings Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (42 days)
1 days - Go City Holdings Limited
42 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is more cash available to meet short term requirements (16 weeks)
22 weeks - Go City Holdings Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 153.6%, this is a higher level of debt than the average (70%)
153.6% - Go City Holdings Limited
70% - Industry AVG
go city holdings limited Credit Report and Business Information
Go City Holdings Limited Competitor Analysis
Perform a competitor analysis for go city holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
go city holdings limited Ownership
GO CITY HOLDINGS LIMITED group structure
Go City Holdings Limited has 1 subsidiary company.
go city holdings limited directors
Go City Holdings Limited currently has 6 directors. The longest serving directors include Mr Timothy Easingwood (Nov 2016) and Mr James Lenane (Nov 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Easingwood | United Kingdom | 47 years | Nov 2016 | - | Director |
| Mr James Lenane | 51 years | Nov 2016 | - | Director | |
| Mr Neville Doe | England | 48 years | Jan 2017 | - | Director |
| Mr Patrick Waterman | United Kingdom | 64 years | Mar 2017 | - | Director |
| Mr Jonathan Owen | 50 years | Oct 2017 | - | Director | |
| Mrs Nancy Cruickshank | England | 53 years | Dec 2021 | - | Director |
GO CITY HOLDINGS LIMITED financials
Go City Holdings Limited's latest turnover from December 2022 is £173.4 million and the company has net assets of -£152.2 million. According to their latest financial statements, Go City Holdings Limited has 153 employees and maintains cash reserves of £18.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 173,357,612 | 75,243,318 | 39,524,738 | 287,126,664 | 290,076,186 | 248,857,378 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 143,599,873 | 60,952,149 | 34,543,830 | 239,855,931 | 247,011,467 | 210,108,821 |
| Gross Profit | 29,757,739 | 14,291,169 | 4,980,908 | 47,270,733 | 43,064,719 | 38,748,557 |
| Admin Expenses | 35,226,031 | 28,296,368 | 31,921,358 | 33,494,954 | 30,247,408 | 32,089,035 |
| Operating Profit | -5,468,292 | -14,005,199 | -26,940,450 | 13,775,779 | 12,817,311 | 6,659,522 |
| Interest Payable | 36,746,893 | 34,257,860 | 35,097,896 | 27,218,809 | 24,734,527 | 22,760,099 |
| Interest Receivable | 12,288,021 | 2,696,401 | 34,933 | 248,647 | 164,880 | 44,517 |
| Pre-Tax Profit | -29,927,163 | -45,566,659 | -62,003,412 | -13,194,383 | -7,620,955 | -23,147,568 |
| Tax | 3,136,727 | 4,516,208 | 7,906,410 | -2,018,429 | 3,206,095 | 6,272,053 |
| Profit After Tax | -26,790,436 | -41,050,451 | -54,097,002 | -15,212,813 | -4,414,860 | -16,875,515 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -26,790,436 | -41,050,451 | -54,097,002 | -15,212,813 | -4,414,860 | -16,875,515 |
| Employee Costs | 10,817,037 | 8,814,688 | 9,337,070 | 8,625,859 | 9,260,917 | 7,448,475 |
| Number Of Employees | 153 | 122 | 144 | 153 | 121 | 105 |
| EBITDA* | 7,650,226 | 1,369,729 | -11,706,881 | 26,080,883 | 24,080,869 | 16,299,258 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 430,686 | 43,263,466 | 31,000,081 | 14,348,398 | 9,194,942 | 3,105,523 |
| Intangible Assets | 232,238,936 | 245,282,314 | 256,032,984 | 238,848,910 | 260,377,788 | 278,576,257 |
| Investments & Other | 26,864,856 | 814,850 | 0 | 0 | 1,207,749 | 370,981 |
| Debtors (Due After 1 year) | 0 | 20,672,678 | 14,634,820 | 5,282,287 | 0 | 0 |
| Total Fixed Assets | 259,534,479 | 267,873,100 | 272,398,245 | 247,915,021 | 282,951,360 | 281,681,780 |
| Stock & work in progress | 418,811 | 476,886 | 939,150 | 2,348,983 | 2,544,929 | 3,194,558 |
| Trade Debtors | 4,241,153 | 2,719,149 | 103,989 | 11,260,787 | 12,152,843 | 9,916,735 |
| Group Debtors | 2,375 | 12,186 | 1,801,121 | 75,325 | 51,937 | 25,556 |
| Misc Debtors | 1,600,031 | 903,404 | 1,163,376 | 2,374,579 | 3,516,900 | 2,990,931 |
| Cash | 18,054,786 | 18,393,858 | 21,511,089 | 15,974,842 | 15,307,502 | 7,073,371 |
| misc current assets | 0 | 0 | 0 | 0 | 930,726 | 0 |
| total current assets | 24,317,156 | 23,255,342 | 25,965,554 | 32,656,136 | 32,561,263 | 23,201,154 |
| total assets | 283,851,635 | 291,128,442 | 298,363,799 | 280,571,157 | 315,512,623 | 304,882,934 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 3,728,772 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 15,275,908 | 10,815,663 | 1,520,026 | 21,575,984 | 22,243,952 | 16,882,935 |
| Group/Directors Accounts | 1,272,267 | 1 | 0 | 0 | -68,020 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 142,506 | 688,926 | 770,168 | 721,076 | 0 | 0 |
| other current liabilities | 24,834,138 | 24,460,148 | 18,611,583 | 18,179,756 | 20,052,760 | 14,836,767 |
| total current liabilities | 41,524,820 | 35,964,741 | 20,901,779 | 40,476,817 | 41,348,571 | 35,448,475 |
| loans | 374,797,719 | 722,591,598 | 687,925,906 | 507,114,230 | 545,482,274 | 526,458,366 |
| hp & lease commitments | 0 | 163,295 | 860,346 | 1,732,485 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 19,766,447 | 42,279,632 | 37,972,214 | 31,780,020 | 36,776,586 | 37,282,768 |
| total long term liabilities | 394,564,168 | 382,435,616 | 363,866,276 | 270,005,119 | 291,129,431 | 281,870,568 |
| total liabilities | 436,088,987 | 418,400,357 | 384,768,055 | 310,481,936 | 332,478,002 | 317,319,043 |
| net assets | -152,237,353 | -127,271,916 | -86,404,257 | -29,910,780 | -16,965,379 | -12,436,109 |
| total shareholders funds | -152,237,353 | -127,271,915 | -86,404,257 | -29,910,780 | -16,578,699 | -12,436,109 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -5,468,292 | -14,005,199 | -26,940,450 | 13,775,779 | 12,817,311 | 6,659,522 |
| Depreciation | 288,180 | 361,524 | 749,858 | 536,054 | 403,707 | 278,648 |
| Amortisation | 12,830,338 | 15,013,404 | 14,483,711 | 11,769,050 | 10,859,851 | 9,361,088 |
| Tax | 3,136,727 | 4,516,208 | 7,906,410 | -2,018,429 | 3,206,095 | 6,272,053 |
| Stock | -58,075 | -462,264 | -1,409,833 | -195,946 | -649,629 | 3,194,558 |
| Debtors | -18,463,857 | 6,604,110 | -1,289,672 | 2,668,164 | 3,391,591 | 12,933,223 |
| Creditors | 4,460,245 | 9,295,637 | -20,055,958 | -667,969 | 5,361,017 | 16,882,935 |
| Accruals and Deferred Income | 373,990 | 5,848,565 | 431,827 | -1,873,004 | 5,215,993 | 14,836,767 |
| Deferred Taxes & Provisions | -22,513,185 | 4,307,418 | 6,192,194 | -4,996,566 | -506,182 | 37,282,768 |
| Cash flow from operations | 11,629,935 | 19,195,711 | -14,532,903 | 14,052,697 | 34,615,830 | 75,446,000 |
| Investing Activities | ||||||
| capital expenditure | 0 | |||||
| Change in Investments | 26,050,006 | 814,850 | 0 | -1,207,749 | 836,768 | 370,981 |
| cash flow from investments | -26,050,006 | |||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,272,266 | 1 | 0 | 68,020 | -68,020 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -347,793,879 | 34,665,692 | 180,811,676 | -38,368,044 | 19,023,908 | 526,458,366 |
| Hire Purchase and Lease Commitments | -709,715 | -778,293 | -823,047 | 2,453,561 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -24,458,872 | -31,561,459 | -35,062,963 | -26,970,162 | -24,569,647 | -22,715,582 |
| cash flow from financing | -369,865,202 | 2,508,734 | 142,529,191 | -60,935,892 | -5,341,490 | 508,182,190 |
| cash and cash equivalents | ||||||
| cash | -339,072 | -3,117,231 | 5,536,247 | 667,340 | 8,234,131 | 7,073,371 |
| overdraft | 0 | 0 | 0 | 0 | -3,728,772 | 3,728,772 |
| change in cash | -339,072 | -3,117,231 | 5,536,247 | 667,340 | 11,962,903 | 3,344,599 |
P&L
December 2022turnover
173.4m
+130%
operating profit
-5.5m
-61%
gross margin
17.2%
-9.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-152.2m
+0.2%
total assets
283.9m
-0.02%
cash
18.1m
-0.02%
net assets
Total assets minus all liabilities
go city holdings limited company details
company number
10488990
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
November 2016
age
8
accounts
Group
ultimate parent company
previous names
the leisure pass group holdings limited (July 2021)
eden topco limited (April 2017)
incorporated
UK
address
c/o go city limited, 6 dryden street, london, WC2E 9NH
last accounts submitted
December 2022
go city holdings 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 did not find charges/mortgages relating to go city holdings limited.
go city holdings limited Companies House Filings - See Documents
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