city gaming holdings limited
city gaming holdings limited Company Information
Company Number
11896374
Website
-Registered Address
4 cavendish square, london, W1G 0PG
Industry
Non-trading company
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
nhtv cherry holdings llc 97.9%
adam david spencer hodges 1.7%
View Allcity gaming holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CITY GAMING HOLDINGS LIMITED at £41m based on a Turnover of £36.6m and 1.12x industry multiple (adjusted for size and gross margin).
city gaming holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CITY GAMING HOLDINGS LIMITED at £7.6m based on an EBITDA of £803k and a 9.44x industry multiple (adjusted for size and gross margin).
city gaming holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CITY GAMING HOLDINGS LIMITED at £0 based on Net Assets of £-16.4m and 1.96x industry multiple (adjusted for liquidity).
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City Gaming Holdings Limited Overview
City Gaming Holdings Limited is a live company located in london, W1G 0PG with a Companies House number of 11896374. It operates in the non-trading company sector, SIC Code 74990. Founded in March 2019, it's largest shareholder is nhtv cherry holdings llc with a 97.9% stake. City Gaming Holdings Limited is a young, large sized company, Pomanda has estimated its turnover at £36.6m with rapid growth in recent years.
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City Gaming Holdings Limited Health Check
Pomanda's financial health check has awarded City Gaming Holdings Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
4 Weak
Size
annual sales of £36.6m, make it larger than the average company (£2.7m)
£36.6m - City Gaming Holdings Limited
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (4.4%)
31% - City Gaming Holdings Limited
4.4% - Industry AVG
Production
with a gross margin of 49.4%, this company has a lower cost of product (36.5%)
49.4% - City Gaming Holdings Limited
36.5% - Industry AVG
Profitability
an operating margin of -20.7% make it less profitable than the average company (5.5%)
-20.7% - City Gaming Holdings Limited
5.5% - Industry AVG
Employees
with 485 employees, this is above the industry average (32)
485 - City Gaming Holdings Limited
32 - Industry AVG
Pay Structure
on an average salary of £24k, the company has a lower pay structure (£37.6k)
£24k - City Gaming Holdings Limited
£37.6k - Industry AVG
Efficiency
resulting in sales per employee of £75.4k, this is less efficient (£135k)
£75.4k - City Gaming Holdings Limited
£135k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (40 days)
0 days - City Gaming Holdings Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 114 days, this is slower than average (42 days)
114 days - City Gaming Holdings Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (43 days)
0 days - City Gaming Holdings Limited
43 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (48 weeks)
15 weeks - City Gaming Holdings Limited
48 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 126.9%, this is a higher level of debt than the average (41.4%)
126.9% - City Gaming Holdings Limited
41.4% - Industry AVG
CITY GAMING HOLDINGS LIMITED financials
City Gaming Holdings Limited's latest turnover from March 2023 is £36.6 million and the company has net assets of -£16.4 million. According to their latest financial statements, City Gaming Holdings Limited has 485 employees and maintains cash reserves of £3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| Turnover | 36,574,000 | 32,783,000 | 6,713,871 | 16,130,309 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 18,516,000 | 17,147,000 | 6,456,826 | 8,072,449 |
| Gross Profit | 18,058,000 | 15,636,000 | 257,045 | 8,057,860 |
| Admin Expenses | 25,643,000 | 17,570,000 | 8,861,231 | 10,151,149 |
| Operating Profit | -7,585,000 | -1,934,000 | -8,604,186 | -2,093,289 |
| Interest Payable | 11,518,000 | 10,558,000 | 7,930,977 | 4,360,681 |
| Interest Receivable | 0 | 411,000 | 3,047 | 0 |
| Pre-Tax Profit | -19,103,000 | -12,081,000 | -16,532,116 | -6,453,970 |
| Tax | 2,081,000 | -76,000 | 910,895 | 803,648 |
| Profit After Tax | -17,022,000 | -12,157,000 | -15,621,221 | -5,650,322 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | -17,022,000 | -12,157,000 | -15,621,221 | -5,650,322 |
| Employee Costs | 11,641,000 | 10,304,000 | 6,187,183 | 5,364,055 |
| Number Of Employees | 485 | 396 | 319 | 239 |
| EBITDA* | 803,000 | 5,491,000 | -2,708,391 | 1,285,952 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| Tangible Assets | 14,131,000 | 13,149,000 | 5,691,399 | 5,904,234 |
| Intangible Assets | 32,745,000 | 39,743,000 | 44,476,001 | 29,309,027 |
| Investments & Other | 0 | 571,000 | 363,146 | 255,693 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 46,876,000 | 53,463,000 | 50,530,546 | 35,468,954 |
| Stock & work in progress | 3,000 | 5,000 | 5,466 | 3,075 |
| Trade Debtors | 22,000 | 12,000 | 1,183 | 16,442 |
| Group Debtors | 1,000 | 0 | 0 | 0 |
| Misc Debtors | 10,981,000 | 8,948,000 | 9,833,451 | 6,607,209 |
| Cash | 2,998,000 | 4,354,000 | 3,680,443 | 2,983,194 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 14,005,000 | 13,319,000 | 13,520,543 | 9,609,920 |
| total assets | 60,881,000 | 66,782,000 | 64,051,089 | 45,078,874 |
| Bank overdraft | 0 | 0 | 1,152 | 0 |
| Bank loan | 1,293,000 | 405,000 | 399,999 | 0 |
| Trade Creditors | 5,807,000 | 5,186,000 | 1,212,542 | 1,939,921 |
| Group/Directors Accounts | 1,000 | 2,000 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 31,876 | 0 |
| other current liabilities | 3,080,000 | 5,766,000 | 5,097,641 | 1,878,167 |
| total current liabilities | 10,181,000 | 11,359,000 | 6,743,210 | 3,818,088 |
| loans | 66,906,000 | 57,990,000 | 69,491,001 | 38,745,000 |
| hp & lease commitments | 165,000 | 165,000 | 10,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 912,313 | 0 |
| provisions | 0 | 217,000 | 175,665 | 175,665 |
| total long term liabilities | 67,071,000 | 58,372,000 | 70,588,979 | 38,920,665 |
| total liabilities | 77,252,000 | 69,731,000 | 77,332,189 | 42,738,753 |
| net assets | -16,371,000 | -2,949,000 | -13,281,100 | 2,340,121 |
| total shareholders funds | -16,371,000 | -2,949,000 | -13,281,100 | 2,340,121 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -7,585,000 | -1,934,000 | -8,604,186 | -2,093,289 |
| Depreciation | 3,342,000 | 2,402,000 | 2,306,900 | 1,227,849 |
| Amortisation | 5,046,000 | 5,023,000 | 3,588,895 | 2,151,392 |
| Tax | 2,081,000 | -76,000 | 910,895 | 803,648 |
| Stock | -2,000 | -466 | 2,391 | 3,075 |
| Debtors | 2,044,000 | -874,634 | 3,210,983 | 6,623,651 |
| Creditors | 621,000 | 3,973,458 | -727,379 | 1,939,921 |
| Accruals and Deferred Income | -2,686,000 | 668,359 | 3,219,474 | 1,878,167 |
| Deferred Taxes & Provisions | -217,000 | 41,335 | 0 | 175,665 |
| Cash flow from operations | -1,440,000 | 10,973,252 | -2,518,775 | -543,373 |
| Investing Activities | ||||
| capital expenditure | 0 | 0 | 0 | 0 |
| Change in Investments | -571,000 | 207,854 | 107,453 | 255,693 |
| cash flow from investments | 571,000 | -207,854 | -107,453 | -255,693 |
| Financing Activities | ||||
| Bank loans | 888,000 | 5,001 | 399,999 | 0 |
| Group/Directors Accounts | -1,000 | 2,000 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 8,916,000 | -11,501,001 | 30,746,001 | 38,745,000 |
| Hire Purchase and Lease Commitments | 0 | 123,124 | 41,876 | 0 |
| other long term liabilities | 0 | -912,313 | 912,313 | 0 |
| share issue | ||||
| interest | -11,518,000 | -10,147,000 | -7,927,930 | -4,360,681 |
| cash flow from financing | 1,885,000 | 58,911 | 24,172,259 | 42,374,762 |
| cash and cash equivalents | ||||
| cash | -1,356,000 | 673,557 | 697,249 | 2,983,194 |
| overdraft | 0 | -1,152 | 1,152 | 0 |
| change in cash | -1,356,000 | 674,709 | 696,097 | 2,983,194 |
city gaming holdings limited Credit Report and Business Information
City Gaming Holdings Limited Competitor Analysis
Perform a competitor analysis for city gaming holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
city gaming holdings limited Ownership
CITY GAMING HOLDINGS LIMITED group structure
City Gaming Holdings Limited has 1 subsidiary company.
Ultimate parent company
NHTV CHERRY HOLDINGS LLC
#0113744
1 parent
CITY GAMING HOLDINGS LIMITED
11896374
1 subsidiary
city gaming holdings limited directors
City Gaming Holdings Limited currently has 3 directors. The longest serving directors include Mr Adam Hodges (Apr 2019) and Mr Kevin Lin (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Hodges | England | 58 years | Apr 2019 | - | Director |
| Mr Kevin Lin | United States | 35 years | Oct 2021 | - | Director |
| Mr Rolf Bengtsson | England | 52 years | Feb 2023 | - | Director |
P&L
March 2023turnover
36.6m
+12%
operating profit
-7.6m
+292%
gross margin
49.4%
+3.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-16.4m
+4.55%
total assets
60.9m
-0.09%
cash
3m
-0.31%
net assets
Total assets minus all liabilities
city gaming holdings limited company details
company number
11896374
Type
Private limited with Share Capital
industry
74990 - Non-trading company
incorporation date
March 2019
age
5
accounts
Group
ultimate parent company
previous names
ensco 1333 limited (April 2019)
incorporated
UK
address
4 cavendish square, london, W1G 0PG
last accounts submitted
March 2023
city gaming 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 found 3 charges/mortgages relating to city gaming holdings limited. Currently there are 3 open charges and 0 have been satisfied in the past.
city gaming holdings limited Companies House Filings - See Documents
| date | description | view/download |
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