lake merritt hospitality operations one limited
lake merritt hospitality operations one limited Company Information
Company Number
11219643
Website
-Registered Address
building 4 foundation park, roxborough way, maidenhead, SL6 3UD
Industry
Hotels and similar accommodation
Management of real estate on a fee or contract basis
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
lm edinburgh 1 limited 100%
lake merritt hospitality operations one limited Estimated Valuation
Pomanda estimates the enterprise value of LAKE MERRITT HOSPITALITY OPERATIONS ONE LIMITED at £2.9m based on a Turnover of £1.8m and 1.57x industry multiple (adjusted for size and gross margin).
lake merritt hospitality operations one limited Estimated Valuation
Pomanda estimates the enterprise value of LAKE MERRITT HOSPITALITY OPERATIONS ONE LIMITED at £2.9m based on an EBITDA of £497.2k and a 5.79x industry multiple (adjusted for size and gross margin).
lake merritt hospitality operations one limited Estimated Valuation
Pomanda estimates the enterprise value of LAKE MERRITT HOSPITALITY OPERATIONS ONE LIMITED at £0 based on Net Assets of £-924.1k and 1.9x industry multiple (adjusted for liquidity).
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Lake Merritt Hospitality Operations One Limited Overview
Lake Merritt Hospitality Operations One Limited is a live company located in maidenhead, SL6 3UD with a Companies House number of 11219643. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in February 2018, it's largest shareholder is lm edinburgh 1 limited with a 100% stake. Lake Merritt Hospitality Operations One Limited is a young, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.
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Lake Merritt Hospitality Operations One Limited Health Check
Pomanda's financial health check has awarded Lake Merritt Hospitality Operations One 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 £1.8m, make it smaller than the average company (£2.8m)
- Lake Merritt Hospitality Operations One Limited
£2.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (2.5%)
- Lake Merritt Hospitality Operations One Limited
2.5% - Industry AVG
Production
with a gross margin of 52.7%, this company has a comparable cost of product (52.7%)
- Lake Merritt Hospitality Operations One Limited
52.7% - Industry AVG
Profitability
an operating margin of 15% make it more profitable than the average company (8.9%)
- Lake Merritt Hospitality Operations One Limited
8.9% - Industry AVG
Employees
with 41 employees, this is similar to the industry average (43)
41 - Lake Merritt Hospitality Operations One Limited
43 - Industry AVG
Pay Structure
on an average salary of £31.4k, the company has an equivalent pay structure (£31.4k)
- Lake Merritt Hospitality Operations One Limited
£31.4k - Industry AVG
Efficiency
resulting in sales per employee of £44.6k, this is less efficient (£80k)
- Lake Merritt Hospitality Operations One Limited
£80k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (20 days)
- Lake Merritt Hospitality Operations One Limited
20 days - Industry AVG
Creditor Days
its suppliers are paid after 49 days, this is slower than average (41 days)
- Lake Merritt Hospitality Operations One Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (11 days)
- Lake Merritt Hospitality Operations One Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (16 weeks)
2 weeks - Lake Merritt Hospitality Operations One Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 210.5%, this is a higher level of debt than the average (78.4%)
210.5% - Lake Merritt Hospitality Operations One Limited
78.4% - Industry AVG
LAKE MERRITT HOSPITALITY OPERATIONS ONE LIMITED financials
Lake Merritt Hospitality Operations One Limited's latest turnover from March 2023 is estimated at £1.8 million and the company has net assets of -£924.1 thousand. According to their latest financial statements, Lake Merritt Hospitality Operations One Limited has 41 employees and maintains cash reserves of £33.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | 41 | 39 | 40 | 68 | 82 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 81,897 | 262,425 | 483,116 | 686,307 | 882,945 |
| Intangible Assets | 1 | 1 | 1 | 1 | 1 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 81,898 | 262,426 | 483,117 | 686,308 | 882,946 |
| Stock & work in progress | 15,944 | 12,857 | 4,869 | 9,464 | 10,778 |
| Trade Debtors | 17,718 | 33,630 | 79,991 | 47,555 | 134,258 |
| Group Debtors | 644,545 | 309,821 | 1,289 | 55,401 | 1,181 |
| Misc Debtors | 42,428 | 35,171 | 69,183 | 19,957 | 250,072 |
| Cash | 33,480 | 34,817 | 208,727 | 71,328 | 93,752 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 754,115 | 426,296 | 364,059 | 203,705 | 490,041 |
| total assets | 836,013 | 688,722 | 847,176 | 890,013 | 1,372,987 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 90,000 | 90,000 | 45,000 | 0 | 0 |
| Trade Creditors | 117,636 | 37,496 | 111,211 | 99,060 | 100,553 |
| Group/Directors Accounts | 118,634 | 218,134 | 313,135 | 105,034 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 338,914 | 210,401 | 135,444 | 208,324 | 349,099 |
| total current liabilities | 665,184 | 556,031 | 604,790 | 412,418 | 449,652 |
| loans | 1,094,967 | 1,177,580 | 1,278,384 | 787,054 | 1,053,289 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,094,967 | 1,177,580 | 1,278,384 | 787,054 | 1,053,289 |
| total liabilities | 1,760,151 | 1,733,611 | 1,883,174 | 1,199,472 | 1,502,941 |
| net assets | -924,138 | -1,044,889 | -1,035,998 | -309,459 | -129,954 |
| total shareholders funds | -924,138 | -1,044,889 | -1,035,998 | -309,459 | -129,954 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 223,867 | 220,691 | 218,191 | 214,759 | 188,469 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 3,087 | 7,988 | -4,595 | -1,314 | 10,778 |
| Debtors | 326,069 | 228,159 | 27,550 | -262,598 | 385,511 |
| Creditors | 80,140 | -73,715 | 12,151 | -1,493 | 100,553 |
| Accruals and Deferred Income | 128,513 | 74,957 | -72,880 | -140,775 | 349,099 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 45,000 | 45,000 | 0 | 0 |
| Group/Directors Accounts | -99,500 | -95,001 | 208,101 | 105,034 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -82,613 | -100,804 | 491,330 | -266,235 | 1,053,289 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -1,337 | -173,910 | 137,399 | -22,424 | 93,752 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,337 | -173,910 | 137,399 | -22,424 | 93,752 |
lake merritt hospitality operations one limited Credit Report and Business Information
Lake Merritt Hospitality Operations One Limited Competitor Analysis
Perform a competitor analysis for lake merritt hospitality operations one limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in SL6 area or any other competitors across 12 key performance metrics.
lake merritt hospitality operations one limited Ownership
LAKE MERRITT HOSPITALITY OPERATIONS ONE LIMITED group structure
Lake Merritt Hospitality Operations One Limited has no subsidiary companies.
Ultimate parent company
1 parent
LAKE MERRITT HOSPITALITY OPERATIONS ONE LIMITED
11219643
lake merritt hospitality operations one limited directors
Lake Merritt Hospitality Operations One Limited currently has 3 directors. The longest serving directors include Mr Jakkrit Sirikantraporn (May 2019) and Mr Richard Ellison (May 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jakkrit Sirikantraporn | United Kingdom | 46 years | May 2019 | - | Director |
| Mr Richard Ellison | United Kingdom | 46 years | May 2019 | - | Director |
| Mr Anak Bijayendrayodhin | United Kingdom | 46 years | May 2019 | - | Director |
P&L
March 2023turnover
1.8m
+20%
operating profit
273.3k
0%
gross margin
52.7%
+1.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-924.1k
-0.12%
total assets
836k
+0.21%
cash
33.5k
-0.04%
net assets
Total assets minus all liabilities
lake merritt hospitality operations one limited company details
company number
11219643
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
68320 - Management of real estate on a fee or contract basis
incorporation date
February 2018
age
6
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
building 4 foundation park, roxborough way, maidenhead, SL6 3UD
accountant
MHA
auditor
-
lake merritt hospitality operations one 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 3 charges/mortgages relating to lake merritt hospitality operations one limited. Currently there are 2 open charges and 1 have been satisfied in the past.
lake merritt hospitality operations one limited Companies House Filings - See Documents
| date | description | view/download |
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