hhg no3. limited
hhg no3. limited Company Information
Company Number
NI673198
Next Accounts
Jul 2025
Industry
Hotels and similar accommodation
Shareholders
hastings hotels group limited
Group Structure
View All
Contact
Registered Address
1066 house, 587 upper newtownards road, belfast, BT4 3LP
hhg no3. limited Estimated Valuation
Pomanda estimates the enterprise value of HHG NO3. LIMITED at £16.7m based on a Turnover of £10.2m and 1.64x industry multiple (adjusted for size and gross margin).
hhg no3. limited Estimated Valuation
Pomanda estimates the enterprise value of HHG NO3. LIMITED at £16m based on an EBITDA of £2.4m and a 6.77x industry multiple (adjusted for size and gross margin).
hhg no3. limited Estimated Valuation
Pomanda estimates the enterprise value of HHG NO3. LIMITED at £26.3m based on Net Assets of £11.6m and 2.26x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Hhg No3. Limited Overview
Hhg No3. Limited is a live company located in belfast, BT4 3LP with a Companies House number of NI673198. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in October 2020, it's largest shareholder is hastings hotels group limited with a 100% stake. Hhg No3. Limited is a startup, mid sized company, Pomanda has estimated its turnover at £10.2m with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Hhg No3. Limited Health Check
Pomanda's financial health check has awarded Hhg No3. Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £10.2m, make it larger than the average company (£5.1m)
£10.2m - Hhg No3. Limited
£5.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Hhg No3. Limited
- - Industry AVG
Production
with a gross margin of 87%, this company has a lower cost of product (62.9%)
87% - Hhg No3. Limited
62.9% - Industry AVG
Profitability
an operating margin of 15.7% make it more profitable than the average company (8.4%)
15.7% - Hhg No3. Limited
8.4% - Industry AVG
Employees
with 155 employees, this is above the industry average (78)
155 - Hhg No3. Limited
78 - Industry AVG
Pay Structure
on an average salary of £18.7k, the company has an equivalent pay structure (£22.6k)
£18.7k - Hhg No3. Limited
£22.6k - Industry AVG
Efficiency
resulting in sales per employee of £65.8k, this is equally as efficient (£68.6k)
£65.8k - Hhg No3. Limited
£68.6k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is later than average (8 days)
10 days - Hhg No3. Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 180 days, this is slower than average (46 days)
180 days - Hhg No3. Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 19 days, this is more than average (7 days)
19 days - Hhg No3. Limited
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (7 weeks)
2 weeks - Hhg No3. Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 14.3%, this is a lower level of debt than the average (75.6%)
14.3% - Hhg No3. Limited
75.6% - Industry AVG
HHG NO3. LIMITED financials
Hhg No3. Limited's latest turnover from October 2023 is £10.2 million and the company has net assets of £11.6 million. According to their latest financial statements, Hhg No3. Limited has 155 employees and maintains cash reserves of £74.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|
| Turnover | 10,194,608 | 8,472,257 | 5,491,767 |
| Other Income Or Grants | 0 | 0 | 0 |
| Cost Of Sales | 1,327,531 | 1,142,523 | 663,819 |
| Gross Profit | 8,867,077 | 7,329,734 | 4,827,948 |
| Admin Expenses | 7,265,455 | 6,916,346 | 3,689,841 |
| Operating Profit | 1,601,622 | 413,388 | 1,138,107 |
| Interest Payable | 260,778 | 334,769 | 364,676 |
| Interest Receivable | 0 | 0 | 0 |
| Pre-Tax Profit | 1,340,844 | 78,619 | 773,431 |
| Tax | -380,854 | -134,842 | -80,039 |
| Profit After Tax | 959,990 | -56,223 | 693,392 |
| Dividends Paid | 0 | 0 | 0 |
| Retained Profit | 959,990 | -56,223 | 693,392 |
| Employee Costs | 2,898,995 | 2,368,640 | 1,689,452 |
| Number Of Employees | 155 | 166 | 160 |
| EBITDA* | 2,356,393 | 1,188,113 | 1,895,916 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|
| Tangible Assets | 10,691,417 | 11,282,931 | 11,657,154 |
| Intangible Assets | 83,381 | 95,293 | 107,204 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 10,774,798 | 11,378,224 | 11,764,358 |
| Stock & work in progress | 72,706 | 63,424 | 60,367 |
| Trade Debtors | 305,692 | 362,031 | 220,141 |
| Group Debtors | 2,162,755 | 0 | 0 |
| Misc Debtors | 202,975 | 95,538 | 25,103 |
| Cash | 74,122 | 7,776 | 4,468 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 2,818,250 | 528,769 | 310,079 |
| total assets | 13,593,048 | 11,906,993 | 12,074,437 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 655,736 | 599,877 | 296,532 |
| Group/Directors Accounts | 0 | 9,779,160 | 10,408,365 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 999,538 | 586,060 | 476,992 |
| total current liabilities | 1,655,274 | 10,965,097 | 11,181,889 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 291,468 | 304,726 | 199,155 |
| total long term liabilities | 291,468 | 304,726 | 199,155 |
| total liabilities | 1,946,742 | 11,269,823 | 11,381,044 |
| net assets | 11,646,306 | 637,170 | 693,393 |
| total shareholders funds | 11,646,306 | 637,170 | 693,393 |
| Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | 1,601,622 | 413,388 | 1,138,107 |
| Depreciation | 742,859 | 762,814 | 745,897 |
| Amortisation | 11,912 | 11,911 | 11,912 |
| Tax | -380,854 | -134,842 | -80,039 |
| Stock | 9,282 | 3,057 | 60,367 |
| Debtors | 2,213,853 | 212,325 | 245,244 |
| Creditors | 55,859 | 303,345 | 296,532 |
| Accruals and Deferred Income | 413,478 | 109,068 | 476,992 |
| Deferred Taxes & Provisions | -13,258 | 105,571 | 199,155 |
| Cash flow from operations | 208,483 | 1,355,873 | 2,482,945 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | -9,779,160 | -629,205 | 10,408,365 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | -260,778 | -334,769 | -364,676 |
| cash flow from financing | 9,208 | -963,974 | 10,043,690 |
| cash and cash equivalents | |||
| cash | 66,346 | 3,308 | 4,468 |
| overdraft | 0 | 0 | 0 |
| change in cash | 66,346 | 3,308 | 4,468 |
hhg no3. limited Credit Report and Business Information
Hhg No3. Limited Competitor Analysis
Perform a competitor analysis for hhg no3. limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other mid companies, companies in BT4 area or any other competitors across 12 key performance metrics.
hhg no3. limited Ownership
HHG NO3. LIMITED group structure
Hhg No3. Limited has no subsidiary companies.
hhg no3. limited directors
Hhg No3. Limited currently has 2 directors. The longest serving directors include Mr Howard Hastings (Oct 2020) and Mr Peter Gibson (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Howard Hastings | Northern Ireland | 62 years | Oct 2020 | - | Director |
| Mr Peter Gibson | England | 51 years | Oct 2020 | - | Director |
P&L
October 2023turnover
10.2m
+20%
operating profit
1.6m
+287%
gross margin
87%
+0.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
11.6m
+17.28%
total assets
13.6m
+0.14%
cash
74.1k
+8.53%
net assets
Total assets minus all liabilities
Similar Companies
hhg no3. limited company details
company number
NI673198
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
October 2020
age
4
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
GRANT THORNTON (NI) LLP
address
1066 house, 587 upper newtownards road, belfast, BT4 3LP
Bank
-
Legal Advisor
O'REILLY STEWART
hhg no3. 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 2 charges/mortgages relating to hhg no3. limited. Currently there are 0 open charges and 2 have been satisfied in the past.
hhg no3. 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 HHG NO3. LIMITED. This can take several minutes, an email will notify you when this has completed.
hhg no3. limited Companies House Filings - See Documents
| date | description | view/download |
|---|
