mip bangor hotel limited
mip bangor hotel limited Company Information
Company Number
NI631633
Website
-Registered Address
58 moneymore road, magherafelt, county londonderry, BT45 6HG
Industry
Development of building projects
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
patrick conway 100%
mip bangor hotel limited Estimated Valuation
Pomanda estimates the enterprise value of MIP BANGOR HOTEL LIMITED at £4.4m based on a Turnover of £11.6m and 0.38x industry multiple (adjusted for size and gross margin).
mip bangor hotel limited Estimated Valuation
Pomanda estimates the enterprise value of MIP BANGOR HOTEL LIMITED at £221.3k based on an EBITDA of £77.4k and a 2.86x industry multiple (adjusted for size and gross margin).
mip bangor hotel limited Estimated Valuation
Pomanda estimates the enterprise value of MIP BANGOR HOTEL LIMITED at £107.7k based on Net Assets of £82.5k and 1.31x industry multiple (adjusted for liquidity).
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Mip Bangor Hotel Limited Overview
Mip Bangor Hotel Limited is a live company located in county londonderry, BT45 6HG with a Companies House number of NI631633. It operates in the development of building projects sector, SIC Code 41100. Founded in June 2015, it's largest shareholder is patrick conway with a 100% stake. Mip Bangor Hotel Limited is a young, mid sized company, Pomanda has estimated its turnover at £11.6m with declining growth in recent years.
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Mip Bangor Hotel Limited Health Check
Pomanda's financial health check has awarded Mip Bangor Hotel Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £11.6m, make it larger than the average company (£2.3m)
- Mip Bangor Hotel Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (2.8%)
- Mip Bangor Hotel Limited
2.8% - Industry AVG
Production
with a gross margin of 8.9%, this company has a higher cost of product (25.4%)
- Mip Bangor Hotel Limited
25.4% - Industry AVG
Profitability
an operating margin of 0.7% make it less profitable than the average company (7%)
- Mip Bangor Hotel Limited
7% - Industry AVG
Employees
with 16 employees, this is above the industry average (6)
- Mip Bangor Hotel Limited
6 - Industry AVG
Pay Structure
on an average salary of £48.5k, the company has an equivalent pay structure (£48.5k)
- Mip Bangor Hotel Limited
£48.5k - Industry AVG
Efficiency
resulting in sales per employee of £722.2k, this is more efficient (£293.5k)
- Mip Bangor Hotel Limited
£293.5k - Industry AVG
Debtor Days
it gets paid by customers after 131 days, this is later than average (27 days)
- Mip Bangor Hotel Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (30 days)
- Mip Bangor Hotel Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mip Bangor Hotel Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mip Bangor Hotel Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98%, this is a higher level of debt than the average (74.3%)
98% - Mip Bangor Hotel Limited
74.3% - Industry AVG
MIP BANGOR HOTEL LIMITED financials
Mip Bangor Hotel Limited's latest turnover from June 2023 is estimated at £11.6 million and the company has net assets of £82.5 thousand. According to their latest financial statements, we estimate that Mip Bangor Hotel Limited has 16 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| 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 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 24,750 | 33,750 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 24,750 | 33,750 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,161,051 | 4,239,887 | 4,445,423 | 4,488,630 | 4,936,229 | 1,803,775 | 103,066 | 1 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,161,051 | 4,239,887 | 4,445,423 | 4,488,630 | 4,936,229 | 1,803,775 | 103,066 | 1 |
| total assets | 4,185,801 | 4,273,637 | 4,445,423 | 4,488,630 | 4,936,229 | 1,803,775 | 103,066 | 1 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 497,349 | 476,081 | 489,223 | 463,328 | 5,073,946 | 1,831,933 | 103,065 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 497,349 | 476,081 | 489,223 | 463,328 | 5,073,946 | 1,831,933 | 103,065 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 3,605,940 | 3,773,067 | 3,961,879 | 4,133,535 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,605,940 | 3,773,067 | 3,961,879 | 4,133,535 | 0 | 0 | 0 | 0 |
| total liabilities | 4,103,289 | 4,249,148 | 4,451,102 | 4,596,863 | 5,073,946 | 1,831,933 | 103,065 | 0 |
| net assets | 82,512 | 24,489 | -5,679 | -108,233 | -137,717 | -28,158 | 1 | 1 |
| total shareholders funds | 82,512 | 24,489 | -5,679 | -108,233 | -137,717 | -28,158 | 1 | 1 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | |||
| Amortisation | 0 | 0 | 0 | 0 | 0 | |||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -78,836 | -205,536 | -43,207 | -447,599 | 3,132,454 | 1,700,709 | 103,065 | 1 |
| Creditors | 21,268 | -13,142 | 25,895 | -4,610,618 | 3,242,013 | 1,728,868 | 103,065 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -167,127 | -188,812 | -171,656 | 4,133,535 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
mip bangor hotel limited Credit Report and Business Information
Mip Bangor Hotel Limited Competitor Analysis
Perform a competitor analysis for mip bangor hotel limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mip bangor hotel limited Ownership
MIP BANGOR HOTEL LIMITED group structure
Mip Bangor Hotel Limited has no subsidiary companies.
Ultimate parent company
MIP BANGOR HOTEL LIMITED
NI631633
mip bangor hotel limited directors
Mip Bangor Hotel Limited currently has 2 directors. The longest serving directors include Mrs Matilda Conway (Jun 2015) and Mr Patrick Conway (Jun 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Matilda Conway | 74 years | Jun 2015 | - | Director | |
| Mr Patrick Conway | Northern Ireland | 78 years | Jun 2015 | - | Director |
P&L
June 2023turnover
11.6m
+4%
operating profit
77.4k
0%
gross margin
9%
-3.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
82.5k
+2.37%
total assets
4.2m
-0.02%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
mip bangor hotel limited company details
company number
NI631633
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
June 2015
age
9
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
58 moneymore road, magherafelt, county londonderry, BT45 6HG
last accounts submitted
June 2023
mip bangor hotel 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 mip bangor hotel limited.
mip bangor hotel limited Companies House Filings - See Documents
| date | description | view/download |
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