double dutch hotels limited
double dutch hotels limited Company Information
Company Number
11351217
Next Accounts
Jan 2025
Industry
Hotels and similar accommodation
Directors
Shareholders
mr mark jan timmerman
executors of klaas timmerman
Group Structure
View All
Contact
Registered Address
west lancs technology management, white moss business park, skelmersdale, WN8 9TN
Website
-double dutch hotels limited Estimated Valuation
Pomanda estimates the enterprise value of DOUBLE DUTCH HOTELS LIMITED at £6.6m based on a Turnover of £5.3m and 1.24x industry multiple (adjusted for size and gross margin).
double dutch hotels limited Estimated Valuation
Pomanda estimates the enterprise value of DOUBLE DUTCH HOTELS LIMITED at £3.4m based on an EBITDA of £660.1k and a 5.12x industry multiple (adjusted for size and gross margin).
double dutch hotels limited Estimated Valuation
Pomanda estimates the enterprise value of DOUBLE DUTCH HOTELS LIMITED at £6.4m based on Net Assets of £2.8m and 2.26x industry multiple (adjusted for liquidity).
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Double Dutch Hotels Limited Overview
Double Dutch Hotels Limited is a live company located in skelmersdale, WN8 9TN with a Companies House number of 11351217. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in May 2018, it's largest shareholder is mr mark jan timmerman with a 51% stake. Double Dutch Hotels Limited is a young, mid sized company, Pomanda has estimated its turnover at £5.3m with rapid growth in recent years.
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Double Dutch Hotels Limited Health Check
Pomanda's financial health check has awarded Double Dutch Hotels Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £5.3m, make it in line with the average company (£4.8m)
£5.3m - Double Dutch Hotels Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 295%, show it is growing at a faster rate (2.1%)
- Double Dutch Hotels Limited
2.1% - Industry AVG
Production
with a gross margin of 62.5%, this company has a comparable cost of product (62.5%)
62.5% - Double Dutch Hotels Limited
62.5% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (8.8%)
-0.1% - Double Dutch Hotels Limited
8.8% - Industry AVG
Employees
with 147 employees, this is above the industry average (76)
147 - Double Dutch Hotels Limited
76 - Industry AVG
Pay Structure
on an average salary of £13.2k, the company has a lower pay structure (£22.2k)
£13.2k - Double Dutch Hotels Limited
£22.2k - Industry AVG
Efficiency
resulting in sales per employee of £36.1k, this is less efficient (£66.6k)
£36.1k - Double Dutch Hotels Limited
£66.6k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is near the average (8 days)
9 days - Double Dutch Hotels Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 78 days, this is slower than average (48 days)
78 days - Double Dutch Hotels Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (8 days)
6 days - Double Dutch Hotels Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (7 weeks)
5 weeks - Double Dutch Hotels Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.1%, this is a similar level of debt than the average (76.4%)
72.1% - Double Dutch Hotels Limited
76.4% - Industry AVG
DOUBLE DUTCH HOTELS LIMITED financials
Double Dutch Hotels Limited's latest turnover from April 2023 is £5.3 million and the company has net assets of £2.8 million. According to their latest financial statements, Double Dutch Hotels Limited has 147 employees and maintains cash reserves of £177.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Turnover | 5,300,345 | 4,481,343 | 1,502,742 | ||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | -5,796 | 147,688 | -361,136 | ||
| Interest Payable | 193,011 | 114,460 | 71,255 | ||
| Interest Receivable | 0 | 4,034 | 0 | ||
| Pre-Tax Profit | -153,807 | 37,262 | -432,391 | ||
| Tax | -94,447 | -123,326 | 51,228 | ||
| Profit After Tax | -248,254 | -86,064 | -381,163 | ||
| Dividends Paid | 0 | 0 | 0 | ||
| Retained Profit | -248,254 | -86,064 | -381,163 | ||
| Employee Costs | 1,940,653 | 1,731,000 | 1,201,756 | ||
| Number Of Employees | 147 | 103 | 91 | ||
| EBITDA* | 660,069 | 796,012 | -47,123 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 7,881,853 | 7,722,584 | 7,196,430 | 6,845,802 | 3,200,000 |
| Intangible Assets | 1,484,987 | 1,722,585 | 1,960,183 | 0 | 0 |
| Investments & Other | 205,000 | 160,000 | 160,000 | 3,360,000 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 9,571,840 | 9,605,169 | 9,316,613 | 10,205,802 | 3,200,000 |
| Stock & work in progress | 33,190 | 36,736 | 25,256 | 0 | 0 |
| Trade Debtors | 144,417 | 122,249 | 33,176 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 223,416 | 239,639 | 275,295 | 8,205 | 0 |
| Cash | 177,265 | 514,436 | 165,829 | 11,430 | 3,574 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 578,288 | 913,060 | 499,556 | 19,635 | 2,234,574 |
| total assets | 10,150,128 | 10,518,229 | 9,816,169 | 10,225,437 | 5,434,574 |
| Bank overdraft | 0 | 0 | 0 | 0 | 161,436 |
| Bank loan | 442,066 | 214,906 | 178,862 | 157,033 | 0 |
| Trade Creditors | 429,866 | 328,575 | 139,101 | 25,463 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 120,228 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 764,622 | 784,130 | 570,053 | 5,540 | 0 |
| total current liabilities | 1,636,554 | 1,327,611 | 888,016 | 188,036 | 287,204 |
| loans | 5,532,397 | 5,984,669 | 4,620,508 | 1,871,651 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 32,970 | 1,121,361 | 4,099,878 | 0 |
| provisions | 146,805 | 90,353 | 17,594 | 0 | 0 |
| total long term liabilities | 5,679,202 | 6,107,992 | 5,759,463 | 5,971,529 | 1,964,898 |
| total liabilities | 7,315,756 | 7,435,603 | 6,647,479 | 6,159,565 | 2,252,102 |
| net assets | 2,834,372 | 3,082,626 | 3,168,690 | 4,065,872 | 3,182,472 |
| total shareholders funds | 2,834,372 | 3,082,626 | 3,168,690 | 4,065,872 | 3,182,472 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -5,796 | 147,688 | -361,136 | ||
| Depreciation | 428,267 | 410,726 | 76,415 | 203,150 | 0 |
| Amortisation | 237,598 | 237,598 | 237,598 | 0 | |
| Tax | -94,447 | -123,326 | 51,228 | ||
| Stock | -3,546 | 11,480 | 25,256 | 0 | 0 |
| Debtors | 5,945 | 53,417 | 300,266 | 8,205 | 0 |
| Creditors | 101,291 | 189,474 | 113,638 | 25,463 | 0 |
| Accruals and Deferred Income | -19,508 | 214,077 | 564,513 | 5,540 | 0 |
| Deferred Taxes & Provisions | 56,452 | 72,759 | 17,594 | 0 | 0 |
| Cash flow from operations | 701,458 | 1,084,099 | 374,328 | ||
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | ||
| Change in Investments | 45,000 | 0 | -3,200,000 | 3,360,000 | 0 |
| cash flow from investments | -45,000 | 0 | 3,200,000 | ||
| Financing Activities | |||||
| Bank loans | 227,160 | 36,044 | 21,829 | 157,033 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -120,228 | 120,228 |
| Long term loans | -452,272 | 1,364,161 | 2,748,857 | 1,871,651 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -32,970 | -1,088,391 | -2,978,517 | 4,099,878 | 0 |
| share issue | |||||
| interest | -193,011 | -110,426 | -71,255 | ||
| cash flow from financing | -451,093 | 201,388 | -795,105 | ||
| cash and cash equivalents | |||||
| cash | -337,171 | 348,607 | 154,399 | 7,856 | 3,574 |
| overdraft | 0 | 0 | 0 | -161,436 | 161,436 |
| change in cash | -337,171 | 348,607 | 154,399 | 169,292 | -157,862 |
double dutch hotels limited Credit Report and Business Information
Double Dutch Hotels Limited Competitor Analysis
Perform a competitor analysis for double dutch hotels limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other mid companies, companies in WN8 area or any other competitors across 12 key performance metrics.
double dutch hotels limited Ownership
DOUBLE DUTCH HOTELS LIMITED group structure
Double Dutch Hotels Limited has 3 subsidiary companies.
Ultimate parent company
DOUBLE DUTCH HOTELS LIMITED
11351217
3 subsidiaries
double dutch hotels limited directors
Double Dutch Hotels Limited currently has 1 director, Mr Mark Timmerman serving since May 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Timmerman | United Kingdom | 56 years | May 2018 | - | Director |
P&L
April 2023turnover
5.3m
+18%
operating profit
-5.8k
-104%
gross margin
62.5%
+6.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
2.8m
-0.08%
total assets
10.2m
-0.03%
cash
177.3k
-0.66%
net assets
Total assets minus all liabilities
double dutch hotels limited company details
company number
11351217
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
May 2018
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
April 2023
previous names
t & m hotels limited (July 2018)
accountant
-
auditor
PM & M SOLUTIONS FOR BUSINESS LLP
address
west lancs technology management, white moss business park, skelmersdale, WN8 9TN
Bank
-
Legal Advisor
-
double dutch hotels 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 double dutch hotels limited. Currently there are 3 open charges and 0 have been satisfied in the past.
double dutch hotels limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for DOUBLE DUTCH HOTELS LIMITED. This can take several minutes, an email will notify you when this has completed.
double dutch hotels limited Companies House Filings - See Documents
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