north coast hotels limited
north coast hotels limited Company Information
Company Number
NI038341
Next Accounts
Nov 2024
Industry
Hotels and similar accommodation
Shareholders
culzean holdings ltd
Group Structure
View All
Contact
Registered Address
number one lanyon quay, belfast, BT1 3LG
Website
-north coast hotels limited Estimated Valuation
Pomanda estimates the enterprise value of NORTH COAST HOTELS LIMITED at £3.1m based on a Turnover of £2.7m and 1.13x industry multiple (adjusted for size and gross margin).
north coast hotels limited Estimated Valuation
Pomanda estimates the enterprise value of NORTH COAST HOTELS LIMITED at £0 based on an EBITDA of £-13.2k and a 4.78x industry multiple (adjusted for size and gross margin).
north coast hotels limited Estimated Valuation
Pomanda estimates the enterprise value of NORTH COAST HOTELS LIMITED at £590.4k based on Net Assets of £295.5k and 2x industry multiple (adjusted for liquidity).
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North Coast Hotels Limited Overview
North Coast Hotels Limited is a dissolved company that was located in belfast, BT1 3LG with a Companies House number of NI038341. It operated in the hotels and similar accommodation sector, SIC Code 55100. Founded in April 2000, it's largest shareholder was culzean holdings ltd with a 100% stake. The last turnover for North Coast Hotels Limited was estimated at £2.7m.
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North Coast Hotels Limited Health Check
Pomanda's financial health check has awarded North Coast Hotels Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
3 Weak
Size
annual sales of £2.7m, make it in line with the average company (£3.4m)
- North Coast Hotels Limited
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a faster rate (1.1%)
- North Coast Hotels Limited
1.1% - Industry AVG
Production
with a gross margin of 60.5%, this company has a comparable cost of product (60.5%)
- North Coast Hotels Limited
60.5% - Industry AVG
Profitability
an operating margin of -1.8% make it less profitable than the average company (6.1%)
- North Coast Hotels Limited
6.1% - Industry AVG
Employees
with 60 employees, this is below the industry average (97)
- North Coast Hotels Limited
97 - Industry AVG
Pay Structure
on an average salary of £15.1k, the company has an equivalent pay structure (£15.1k)
- North Coast Hotels Limited
£15.1k - Industry AVG
Efficiency
resulting in sales per employee of £45.8k, this is equally as efficient (£45.9k)
- North Coast Hotels Limited
£45.9k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (11 days)
- North Coast Hotels Limited
11 days - Industry AVG
Creditor Days
its suppliers are paid after 1267 days, this is slower than average (53 days)
- North Coast Hotels Limited
53 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (9 days)
- North Coast Hotels Limited
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is average cash available to meet short term requirements (5 weeks)
5 weeks - North Coast Hotels Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.7%, this is a higher level of debt than the average (74.2%)
92.7% - North Coast Hotels Limited
74.2% - Industry AVG
NORTH COAST HOTELS LIMITED financials
North Coast Hotels Limited's latest turnover from September 2012 is estimated at £2.7 million and the company has net assets of £295.5 thousand. According to their latest financial statements, we estimate that North Coast Hotels Limited has 60 employees and maintains cash reserves of £427.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|
| Turnover | 2,516,755 | |||
| Other Income Or Grants | 0 | |||
| Cost Of Sales | 1,295,297 | |||
| Gross Profit | 1,221,458 | |||
| Admin Expenses | 997,888 | |||
| Operating Profit | 223,570 | |||
| Interest Payable | 303,929 | |||
| Interest Receivable | 390 | |||
| Pre-Tax Profit | -79,969 | |||
| Tax | -59,765 | |||
| Profit After Tax | -139,734 | |||
| Dividends Paid | 0 | |||
| Retained Profit | -139,734 | |||
| Employee Costs | 842,068 | |||
| Number Of Employees | 47 | |||
| EBITDA* | 557,204 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|
| Tangible Assets | 3,546,858 | 3,577,876 | 3,605,126 | 7,775,859 |
| Intangible Assets | 18,000 | 18,000 | 18,000 | 18,000 |
| Investments & Other | 0 | 0 | 26,627 | 26,627 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,564,858 | 3,595,876 | 3,649,753 | 7,820,486 |
| Stock & work in progress | 15,676 | 14,675 | 16,906 | 15,453 |
| Trade Debtors | 54,632 | 82,402 | 96,966 | 37,897 |
| Group Debtors | 0 | 0 | 0 | 6,125 |
| Misc Debtors | 0 | 0 | 0 | 61,881 |
| Cash | 427,056 | 384,967 | 147,900 | 320,010 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 497,364 | 482,044 | 261,772 | 441,366 |
| total assets | 4,062,222 | 4,077,920 | 3,911,525 | 8,261,852 |
| Bank overdraft | 0 | 0 | 0 | 87,685 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,766,710 | 3,735,381 | 3,646,823 | 169,908 |
| Group/Directors Accounts | 0 | 0 | 0 | 3,691,696 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 154,093 |
| total current liabilities | 3,766,710 | 3,735,381 | 3,646,823 | 4,103,382 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 |
| total liabilities | 3,766,710 | 3,735,381 | 3,646,823 | 4,103,382 |
| net assets | 295,512 | 342,539 | 264,702 | 4,158,470 |
| total shareholders funds | 295,512 | 342,539 | 264,702 | 4,158,470 |
| Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 223,570 | |||
| Depreciation | 35,835 | 31,340 | 335,850 | 333,634 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | -59,765 | |||
| Stock | 1,001 | -2,231 | 1,453 | 15,453 |
| Debtors | -27,770 | -14,564 | -8,937 | 105,903 |
| Creditors | 31,329 | 88,558 | 3,476,915 | 169,908 |
| Accruals and Deferred Income | 0 | 0 | -154,093 | 154,093 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | 700,084 | |||
| Investing Activities | ||||
| capital expenditure | -17,830 | |||
| Change in Investments | 0 | -26,627 | 0 | 26,627 |
| cash flow from investments | -44,457 | |||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -3,691,696 | 3,691,696 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -303,539 | |||
| cash flow from financing | 7,686,361 | |||
| cash and cash equivalents | ||||
| cash | 42,089 | 237,067 | -172,110 | 320,010 |
| overdraft | 0 | 0 | -87,685 | 87,685 |
| change in cash | 42,089 | 237,067 | -84,425 | 232,325 |
north coast hotels limited Credit Report and Business Information
North Coast Hotels Limited Competitor Analysis
Perform a competitor analysis for north coast hotels limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in BT1 area or any other competitors across 12 key performance metrics.
north coast hotels limited Ownership
NORTH COAST HOTELS LIMITED group structure
North Coast Hotels Limited has no subsidiary companies.
Ultimate parent company
2 parents
NORTH COAST HOTELS LIMITED
NI038341
north coast hotels limited directors
North Coast Hotels Limited currently has 2 directors. The longest serving directors include Mr Christopher Kennedy (Apr 2000) and Mr Alistair Kennedy (Apr 2000).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Kennedy | 60 years | Apr 2000 | - | Director | |
| Mr Alistair Kennedy | 63 years | Apr 2000 | - | Director |
P&L
September 2012turnover
2.7m
-19%
operating profit
-49.1k
0%
gross margin
60.6%
-0.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2012net assets
295.5k
-0.14%
total assets
4.1m
0%
cash
427.1k
+0.11%
net assets
Total assets minus all liabilities
north coast hotels limited company details
company number
NI038341
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
April 2000
age
24
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
September 2012
previous names
N/A
accountant
-
auditor
-
address
number one lanyon quay, belfast, BT1 3LG
Bank
NORTHERN BANK LTD
Legal Advisor
-
north coast 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 16 charges/mortgages relating to north coast hotels limited. Currently there are 1 open charges and 15 have been satisfied in the past.
north coast hotels limited Companies House Filings - See Documents
| date | description | view/download |
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