waterfront southport holdings limited
waterfront southport holdings limited Company Information
Company Number
11741625
Website
-Registered Address
c/o begbies traynor (london) llp, 40 bank street, london, E14 5NR
Industry
Hotels and similar accommodation
Telephone
01704516220
Next Accounts Due
647 days late
Group Structure
View All
Shareholders
kevin russell potter 100%
waterfront southport holdings limited Estimated Valuation
Pomanda estimates the enterprise value of WATERFRONT SOUTHPORT HOLDINGS LIMITED at £1.6m based on a Turnover of £1.8m and 0.93x industry multiple (adjusted for size and gross margin).
waterfront southport holdings limited Estimated Valuation
Pomanda estimates the enterprise value of WATERFRONT SOUTHPORT HOLDINGS LIMITED at £0 based on an EBITDA of £-405.6k and a 3.69x industry multiple (adjusted for size and gross margin).
waterfront southport holdings limited Estimated Valuation
Pomanda estimates the enterprise value of WATERFRONT SOUTHPORT HOLDINGS LIMITED at £7.4m based on Net Assets of £3.8m and 1.92x industry multiple (adjusted for liquidity).
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Waterfront Southport Holdings Limited Overview
Waterfront Southport Holdings Limited is a live company located in london, E14 5NR with a Companies House number of 11741625. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in December 2018, it's largest shareholder is kevin russell potter with a 100% stake. Waterfront Southport Holdings Limited is a young, small sized company, Pomanda has estimated its turnover at £1.8m with unknown growth in recent years.
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Waterfront Southport Holdings Limited Health Check
Pomanda's financial health check has awarded Waterfront Southport Holdings 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
2 Regular
5 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£3.3m)
£1.8m - Waterfront Southport Holdings Limited
£3.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Waterfront Southport Holdings Limited
- - Industry AVG
Production
with a gross margin of 35.7%, this company has a higher cost of product (56.2%)
35.7% - Waterfront Southport Holdings Limited
56.2% - Industry AVG
Profitability
an operating margin of -65.8% make it less profitable than the average company (-1.2%)
-65.8% - Waterfront Southport Holdings Limited
-1.2% - Industry AVG
Employees
with 136 employees, this is above the industry average (81)
136 - Waterfront Southport Holdings Limited
81 - Industry AVG
Pay Structure
on an average salary of £10.1k, the company has a lower pay structure (£19.5k)
£10.1k - Waterfront Southport Holdings Limited
£19.5k - Industry AVG
Efficiency
resulting in sales per employee of £12.9k, this is less efficient (£45.5k)
£12.9k - Waterfront Southport Holdings Limited
£45.5k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is later than average (8 days)
13 days - Waterfront Southport Holdings Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 173 days, this is slower than average (41 days)
173 days - Waterfront Southport Holdings Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is in line with average (7 days)
7 days - Waterfront Southport Holdings Limited
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is more cash available to meet short term requirements (4 weeks)
5 weeks - Waterfront Southport Holdings Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84%, this is a similar level of debt than the average (76.4%)
84% - Waterfront Southport Holdings Limited
76.4% - Industry AVG
WATERFRONT SOUTHPORT HOLDINGS LIMITED financials
Waterfront Southport Holdings Limited's latest turnover from December 2020 is £1.8 million and the company has net assets of £3.8 million. According to their latest financial statements, Waterfront Southport Holdings Limited has 136 employees and maintains cash reserves of £351.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | |
|---|---|---|
| Turnover | 1,756,748 | 4,016,153 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 1,129,142 | 1,810,529 |
| Gross Profit | 627,606 | 2,205,624 |
| Admin Expenses | 1,782,778 | 1,807,827 |
| Operating Profit | -1,155,172 | 397,797 |
| Interest Payable | 1,079,924 | 863,998 |
| Interest Receivable | 80 | 49 |
| Pre-Tax Profit | -2,235,016 | -466,152 |
| Tax | 508,927 | -129,000 |
| Profit After Tax | -1,726,089 | -595,152 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -1,726,089 | -595,152 |
| Employee Costs | 1,369,659 | 1,523,354 |
| Number Of Employees | 136 | 117 |
| EBITDA* | -405,588 | 811,605 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | |
|---|---|---|
| Tangible Assets | 18,650,443 | 18,773,980 |
| Intangible Assets | 185,853 | 328,885 |
| Investments & Other | 4,400,000 | 4,400,000 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 23,236,296 | 23,502,865 |
| Stock & work in progress | 22,348 | 22,348 |
| Trade Debtors | 65,725 | 83,424 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 338,192 | 771,141 |
| Cash | 351,134 | 150,384 |
| misc current assets | 0 | 0 |
| total current assets | 777,399 | 1,027,297 |
| total assets | 24,013,695 | 24,530,162 |
| Bank overdraft | 360 | 0 |
| Bank loan | 6,667 | 0 |
| Trade Creditors | 536,871 | 618,356 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 55,358 | 60,116 |
| other current liabilities | 2,524,456 | 2,233,470 |
| total current liabilities | 3,123,712 | 2,911,942 |
| loans | 15,824,183 | 13,769,804 |
| hp & lease commitments | 141,244 | 170,346 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 1,085,869 | 1,784,796 |
| total long term liabilities | 17,051,296 | 15,724,946 |
| total liabilities | 20,175,008 | 18,636,888 |
| net assets | 3,838,687 | 5,893,274 |
| total shareholders funds | 3,838,687 | 5,893,274 |
| Dec 2020 | Dec 2019 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -1,155,172 | 397,797 |
| Depreciation | 584,017 | 252,863 |
| Amortisation | 165,567 | 160,945 |
| Tax | 508,927 | -129,000 |
| Stock | 0 | 22,348 |
| Debtors | -450,648 | 854,565 |
| Creditors | -81,485 | 618,356 |
| Accruals and Deferred Income | 290,986 | 2,233,470 |
| Deferred Taxes & Provisions | -698,927 | 1,784,796 |
| Cash flow from operations | 64,561 | 4,442,314 |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | 0 | 4,400,000 |
| cash flow from investments | 0 | -4,400,000 |
| Financing Activities | ||
| Bank loans | 6,667 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 2,054,379 | 13,769,804 |
| Hire Purchase and Lease Commitments | -33,860 | 230,462 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -1,079,844 | -863,949 |
| cash flow from financing | 618,844 | 19,624,743 |
| cash and cash equivalents | ||
| cash | 200,750 | 150,384 |
| overdraft | 360 | 0 |
| change in cash | 200,390 | 150,384 |
waterfront southport holdings limited Credit Report and Business Information
Waterfront Southport Holdings Limited Competitor Analysis
Perform a competitor analysis for waterfront southport holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
waterfront southport holdings limited Ownership
WATERFRONT SOUTHPORT HOLDINGS LIMITED group structure
Waterfront Southport Holdings Limited has 1 subsidiary company.
Ultimate parent company
WATERFRONT SOUTHPORT HOLDINGS LIMITED
11741625
1 subsidiary
waterfront southport holdings limited directors
Waterfront Southport Holdings Limited currently has 3 directors. The longest serving directors include Mr Kevin Potter (Dec 2018) and Mr Daniel Broch (Dec 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Potter | United Kingdom | 52 years | Dec 2018 | - | Director |
| Mr Daniel Broch | United Kingdom | 56 years | Dec 2018 | - | Director |
| Mr Jiten Nayak | England | 41 years | Jun 2022 | - | Director |
P&L
December 2020turnover
1.8m
-56%
operating profit
-1.2m
-390%
gross margin
35.8%
-34.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
3.8m
-0.35%
total assets
24m
-0.02%
cash
351.1k
+1.33%
net assets
Total assets minus all liabilities
waterfront southport holdings limited company details
company number
11741625
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
December 2018
age
6
accounts
Group
ultimate parent company
previous names
bliss hotels holdings ltd (February 2022)
incorporated
UK
address
c/o begbies traynor (london) llp, 40 bank street, london, E14 5NR
last accounts submitted
December 2020
waterfront southport 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 waterfront southport holdings limited.
waterfront southport holdings limited Companies House Filings - See Documents
| date | description | view/download |
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