atlas hotels (glasgow airport) limited
atlas hotels (glasgow airport) limited Company Information
Company Number
SC177926
Next Accounts
Sep 2025
Shareholders
atlas hotels group limited
Group Structure
View All
Industry
Hotels and similar accommodation
Registered Address
c/o brodies llp capital square, 58 morrison street, edinburgh, EH3 8BP
atlas hotels (glasgow airport) limited Estimated Valuation
Pomanda estimates the enterprise value of ATLAS HOTELS (GLASGOW AIRPORT) LIMITED at £308.5k based on a Turnover of £223k and 1.38x industry multiple (adjusted for size and gross margin).
atlas hotels (glasgow airport) limited Estimated Valuation
Pomanda estimates the enterprise value of ATLAS HOTELS (GLASGOW AIRPORT) LIMITED at £5.7m based on an EBITDA of £1m and a 5.53x industry multiple (adjusted for size and gross margin).
atlas hotels (glasgow airport) limited Estimated Valuation
Pomanda estimates the enterprise value of ATLAS HOTELS (GLASGOW AIRPORT) LIMITED at £37.4m based on Net Assets of £17.9m and 2.09x industry multiple (adjusted for liquidity).
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Atlas Hotels (glasgow Airport) Limited Overview
Atlas Hotels (glasgow Airport) Limited is a live company located in edinburgh, EH3 8BP with a Companies House number of SC177926. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in August 1997, it's largest shareholder is atlas hotels group limited with a 100% stake. Atlas Hotels (glasgow Airport) Limited is a mature, micro sized company, Pomanda has estimated its turnover at £223k with low growth in recent years.
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Atlas Hotels (glasgow Airport) Limited Health Check
Pomanda's financial health check has awarded Atlas Hotels (Glasgow Airport) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
4 Weak
Size
annual sales of £223k, make it smaller than the average company (£5.5m)
£223k - Atlas Hotels (glasgow Airport) Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (11.9%)
4% - Atlas Hotels (glasgow Airport) Limited
11.9% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (64.1%)
100% - Atlas Hotels (glasgow Airport) Limited
64.1% - Industry AVG
Profitability
an operating margin of 465.9% make it more profitable than the average company (8.2%)
465.9% - Atlas Hotels (glasgow Airport) Limited
8.2% - Industry AVG
Employees
with 3 employees, this is below the industry average (82)
- Atlas Hotels (glasgow Airport) Limited
82 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Atlas Hotels (glasgow Airport) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £74.3k, this is equally as efficient (£75.8k)
- Atlas Hotels (glasgow Airport) Limited
£75.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Atlas Hotels (glasgow Airport) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Atlas Hotels (glasgow Airport) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Atlas Hotels (glasgow Airport) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (6 weeks)
0 weeks - Atlas Hotels (glasgow Airport) Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.3%, this is a lower level of debt than the average (76.5%)
41.3% - Atlas Hotels (glasgow Airport) Limited
76.5% - Industry AVG
ATLAS HOTELS (GLASGOW AIRPORT) LIMITED financials
Atlas Hotels (Glasgow Airport) Limited's latest turnover from December 2023 is £223 thousand and the company has net assets of £17.9 million. According to their latest financial statements, we estimate that Atlas Hotels (Glasgow Airport) Limited has 3 employees and maintains cash reserves of £1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 223,000 | 212,000 | 202,000 | 199,231 | 3,280,642 | 4,867,886 | 3,903,126 | 2,887,351 | 3,812,063 | 3,495,208 | 3,071,636 | 3,089,483 | 3,144,339 | 3,123,548 | 3,172,281 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 1,883,693 | 2,732,031 | 1,695,371 | 1,257,455 | 1,634,517 | 1,520,811 | 1,403,125 | 1,391,540 | 1,442,043 | 1,413,139 | 1,444,077 | ||||
| Gross Profit | 223,000 | 212,000 | 202,000 | 199,231 | 1,396,949 | 2,135,855 | 2,207,755 | 1,629,896 | 2,177,546 | 1,974,397 | 1,668,511 | 1,697,943 | 1,702,296 | 1,710,409 | 1,728,204 |
| Admin Expenses | -816,000 | -100,000 | -4,076,000 | 2,771,715 | 983,297 | 1,518,357 | 1,535,907 | 1,071,372 | -1,185,835 | 939,771 | 777,141 | 1,037,015 | 4,029,524 | 1,218,426 | 1,079,424 |
| Operating Profit | 1,039,000 | 312,000 | 4,278,000 | -2,572,484 | 413,652 | 617,498 | 671,848 | 558,524 | 3,363,381 | 1,034,626 | 891,370 | 660,928 | -2,327,228 | 491,983 | 648,780 |
| Interest Payable | 457,000 | 148,000 | 134,000 | 140,142 | 313,556 | 26,999 | 3,232 | 128,969 | 227,530 | 227,530 | 210,763 | 230,012 | 211,406 | 198,995 | |
| Interest Receivable | 931,000 | 689,000 | 473,000 | 496,765 | 233,343 | 242,362 | 189,141 | 175,444 | 204,595 | 226,687 | 891,370 | 121,668 | 103,783 | 44,954 | 2,401 |
| Pre-Tax Profit | 1,513,000 | 853,000 | 4,617,000 | -2,215,861 | 959,809 | 832,861 | 860,989 | 730,736 | 3,439,007 | 1,033,783 | 840,090 | 571,833 | -2,453,457 | 325,531 | 452,186 |
| Tax | -76,000 | -52,000 | -1,344,000 | 341,023 | -389,442 | -2,659 | -191,289 | -20,637 | 12,907 | -16,866 | 5,551 | 36,486 | 19,726 | -6,289 | |
| Profit After Tax | 1,437,000 | 801,000 | 3,273,000 | -1,874,838 | 570,367 | 830,202 | 669,700 | 710,099 | 3,451,914 | 1,016,917 | 840,090 | 577,384 | -2,416,971 | 345,257 | 445,897 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 1,437,000 | 801,000 | 3,273,000 | -1,874,838 | 570,367 | 830,202 | 669,700 | 710,099 | 3,451,914 | 1,016,917 | 840,090 | 577,384 | -2,416,971 | 345,257 | 445,897 |
| Employee Costs | 975,963 | 743,232 | 525,694 | 672,962 | 668,542 | 616,852 | 603,200 | 620,004 | 617,460 | 580,777 | |||||
| Number Of Employees | 38 | 47 | 50 | 51 | 51 | 51 | 52 | 53 | 55 | 53 | 54 | ||||
| EBITDA* | 1,039,000 | 312,000 | 4,278,000 | -2,572,484 | 686,172 | 977,770 | 959,725 | 753,649 | 3,503,395 | 1,201,795 | 1,059,089 | 804,219 | -2,122,359 | 669,935 | 789,213 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,971,812 | 8,437,319 | 8,116,865 | 7,380,000 | 2,400,000 | 2,185,000 | 1,828,432 | 1,840,000 | 8,489,586 | 6,747,026 | |||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 17,916,000 | 17,100,000 | 17,000,000 | 12,924,216 | 15,695,822 | ||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 17,916,000 | 17,100,000 | 17,000,000 | 12,924,216 | 15,695,822 | 7,971,812 | 8,437,319 | 8,116,865 | 7,380,000 | 2,400,000 | 2,185,000 | 1,828,432 | 1,840,000 | 8,489,586 | 6,747,026 |
| Stock & work in progress | 9,236 | 8,195 | 9,026 | 8,501 | 9,148 | 7,553 | 4,496 | 5,134 | 6,677 | 6,060 | |||||
| Trade Debtors | 9,472 | 26,313 | 13,169 | 15,230 | 23,986 | 17,735 | 20,549 | 33,152 | 53,191 | 54,689 | |||||
| Group Debtors | 12,347,000 | 14,578,000 | 13,796,000 | 13,175,371 | 12,866,603 | 4,275,094 | 3,336,237 | 5,027,307 | 4,773,560 | 3,609,908 | 2,687,197 | 2,117,102 | 1,553,577 | 767,396 | 447,976 |
| Misc Debtors | 223,000 | 401,000 | 207,584 | 116,475 | 160,409 | 103,431 | 59,385 | 53,443 | 54,763 | 58,385 | 54,269 | 47,744 | 39,570 | ||
| Cash | 1,000 | 1,000 | 1,000 | 112 | 47,731 | 157,266 | 108,920 | 277,037 | 178,154 | 172,589 | 181,990 | 112,327 | 66,589 | 290,920 | 147,123 |
| misc current assets | |||||||||||||||
| total current assets | 12,571,000 | 14,579,000 | 14,198,000 | 13,383,067 | 12,914,334 | 4,567,543 | 3,640,074 | 5,429,970 | 5,034,830 | 3,869,074 | 2,949,238 | 2,312,859 | 1,712,721 | 1,165,928 | 695,418 |
| total assets | 30,487,000 | 31,679,000 | 31,198,000 | 26,307,283 | 28,610,156 | 12,539,355 | 12,077,393 | 13,546,835 | 12,414,830 | 6,269,074 | 5,134,238 | 4,141,291 | 3,552,721 | 9,655,514 | 7,442,444 |
| Bank overdraft | 618 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 225,897 | 211,127 | 382,830 | 120,691 | 109,560 | 57,827 | 64,398 | 70,628 | 49,810 | 41,035 | |||||
| Group/Directors Accounts | 3,956,000 | 6,617,000 | 6,942,000 | 6,617,161 | 6,617,160 | 600,250 | 449,245 | 3,051,743 | 3,048,511 | 3,049,677 | 3,048,285 | 2,958,612 | 2,957,220 | 2,955,829 | |
| other short term finances | |||||||||||||||
| hp & lease commitments | 40,000 | 43,000 | 45,000 | 47,793 | 47,787 | ||||||||||
| other current liabilities | 615 | 39,938 | 713,073 | 1,072,307 | 741,259 | 692,131 | 465,345 | 417,417 | 347,662 | 326,087 | 387,032 | 413,963 | |||
| total current liabilities | 3,996,000 | 6,660,000 | 6,987,000 | 6,666,187 | 6,704,885 | 1,539,220 | 1,732,679 | 4,175,832 | 3,861,333 | 3,624,582 | 3,523,529 | 3,370,672 | 3,353,935 | 3,392,671 | 454,998 |
| loans | 518,519 | 518,519 | 518,519 | 3,471,035 | |||||||||||
| hp & lease commitments | 6,209,000 | 6,250,000 | 6,295,000 | 6,342,049 | 6,390,384 | ||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 110,057 | ||||||||||||||
| provisions | 2,385,000 | 2,309,000 | 2,257,000 | 913,043 | 1,254,045 | 410,044 | 419,536 | 336,881 | 337,409 | 16,866 | 5,551 | 42,037 | 61,763 | ||
| total long term liabilities | 8,594,000 | 8,559,000 | 8,552,000 | 7,255,092 | 7,644,429 | 410,044 | 419,536 | 446,938 | 337,409 | 16,866 | 518,519 | 524,070 | 560,556 | 3,532,798 | |
| total liabilities | 12,590,000 | 15,219,000 | 15,539,000 | 13,921,279 | 14,349,314 | 1,949,264 | 2,152,215 | 4,622,770 | 4,198,742 | 3,641,448 | 3,523,529 | 3,889,191 | 3,878,005 | 3,953,227 | 3,987,796 |
| net assets | 17,897,000 | 16,460,000 | 15,659,000 | 12,386,004 | 14,260,842 | 10,590,091 | 9,925,178 | 8,924,065 | 8,216,088 | 2,627,626 | 1,610,709 | 252,100 | -325,284 | 5,702,287 | 3,454,648 |
| total shareholders funds | 17,897,000 | 16,460,000 | 15,659,000 | 12,386,004 | 14,260,842 | 10,590,091 | 9,925,178 | 8,924,065 | 8,216,088 | 2,627,626 | 1,610,709 | 252,100 | -325,284 | 5,702,287 | 3,454,648 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,039,000 | 312,000 | 4,278,000 | -2,572,484 | 413,652 | 617,498 | 671,848 | 558,524 | 3,363,381 | 1,034,626 | 891,370 | 660,928 | -2,327,228 | 491,983 | 648,780 |
| Depreciation | 272,520 | 360,272 | 287,877 | 195,125 | 140,014 | 167,169 | 167,719 | 143,291 | 204,869 | 177,952 | 140,433 | ||||
| Amortisation | |||||||||||||||
| Tax | -76,000 | -52,000 | -1,344,000 | 341,023 | -389,442 | -2,659 | -191,289 | -20,637 | 12,907 | -16,866 | 5,551 | 36,486 | 19,726 | -6,289 | |
| Stock | -9,236 | 1,041 | -831 | 525 | -647 | 1,595 | 3,057 | -638 | -1,543 | 617 | 6,060 | ||||
| Debtors | -2,008,000 | 381,000 | 814,045 | 516,352 | 8,465,562 | 878,082 | -1,620,948 | 295,732 | 1,160,838 | 927,642 | 563,659 | 555,038 | 772,667 | 326,096 | 542,235 |
| Creditors | -225,897 | 14,770 | -171,703 | 262,139 | 11,131 | 51,733 | -6,571 | -6,230 | 20,818 | 8,775 | 41,035 | ||||
| Accruals and Deferred Income | -615 | -39,323 | -673,135 | -359,234 | 331,048 | 49,128 | 226,786 | 47,928 | 69,755 | 21,575 | -60,945 | -26,931 | 413,963 | ||
| Deferred Taxes & Provisions | 76,000 | 52,000 | 1,343,957 | -341,002 | 844,001 | -9,492 | 82,655 | -528 | 320,543 | 16,866 | -5,551 | -36,486 | -19,726 | 61,763 | |
| Cash flow from operations | 3,047,000 | -69,000 | 3,463,297 | -3,128,138 | -8,214,627 | -257,968 | 2,632,215 | 747,494 | 2,914,571 | 372,219 | 555,557 | 265,164 | -2,933,610 | 325,066 | 751,390 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 816,000 | 100,000 | 4,075,784 | -2,771,606 | 15,695,822 | ||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -2,661,000 | -325,000 | 324,839 | 1 | 6,016,910 | 151,005 | -2,602,498 | 3,232 | -1,166 | 1,392 | 89,673 | 1,392 | 1,391 | 2,955,829 | |
| Other Short Term Loans | |||||||||||||||
| Long term loans | -518,519 | -2,952,516 | 3,471,035 | ||||||||||||
| Hire Purchase and Lease Commitments | -44,000 | -47,000 | -49,842 | -48,329 | 6,438,171 | ||||||||||
| other long term liabilities | -110,057 | 110,057 | |||||||||||||
| share issue | |||||||||||||||
| interest | 474,000 | 541,000 | 339,000 | 356,623 | -80,213 | 215,363 | 189,141 | 172,212 | 75,626 | -843 | 663,840 | -89,095 | -126,229 | -166,452 | -196,594 |
| cash flow from financing | -2,231,000 | 169,000 | 613,993 | 308,295 | 15,475,252 | 201,079 | -2,192,001 | 283,379 | 2,211,008 | 549 | 753,513 | -87,703 | -3,735,438 | 1,739,243 | 6,283,192 |
| cash and cash equivalents | |||||||||||||||
| cash | 888 | -47,619 | -109,535 | 48,346 | -168,117 | 98,883 | 5,565 | -9,401 | 69,663 | 45,738 | -224,331 | 143,797 | 147,123 | ||
| overdraft | -618 | 618 | |||||||||||||
| change in cash | 1,506 | -48,237 | -109,535 | 48,346 | -168,117 | 98,883 | 5,565 | -9,401 | 69,663 | 45,738 | -224,331 | 143,797 | 147,123 |
atlas hotels (glasgow airport) limited Credit Report and Business Information
Atlas Hotels (glasgow Airport) Limited Competitor Analysis
Perform a competitor analysis for atlas hotels (glasgow airport) limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in EH3 area or any other competitors across 12 key performance metrics.
atlas hotels (glasgow airport) limited Ownership
ATLAS HOTELS (GLASGOW AIRPORT) LIMITED group structure
Atlas Hotels (Glasgow Airport) Limited has no subsidiary companies.
Ultimate parent company
TITAN INVESTMENT LTD
#0130770
2 parents
ATLAS HOTELS (GLASGOW AIRPORT) LIMITED
SC177926
atlas hotels (glasgow airport) limited directors
Atlas Hotels (Glasgow Airport) Limited currently has 2 directors. The longest serving directors include Mr Sean Lowe (Jan 2018) and Mr Mitchell Friend (Jul 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sean Lowe | 52 years | Jan 2018 | - | Director | |
| Mr Mitchell Friend | United Kingdom | 39 years | Jul 2022 | - | Director |
P&L
December 2023turnover
223k
+5%
operating profit
1m
+233%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
17.9m
+0.09%
total assets
30.5m
-0.04%
cash
1k
0%
net assets
Total assets minus all liabilities
atlas hotels (glasgow airport) limited company details
company number
SC177926
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
August 1997
age
28
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
somerston hotels (glasgow airport) limited (February 2015)
somerston hotels (ga) limited (April 2005)
See moreaccountant
-
auditor
KPMG LLP
address
c/o brodies llp capital square, 58 morrison street, edinburgh, EH3 8BP
Bank
BANK OF SCOTLAND
Legal Advisor
-
atlas hotels (glasgow airport) 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 19 charges/mortgages relating to atlas hotels (glasgow airport) limited. Currently there are 4 open charges and 15 have been satisfied in the past.
atlas hotels (glasgow airport) 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 ATLAS HOTELS (GLASGOW AIRPORT) LIMITED. This can take several minutes, an email will notify you when this has completed.
atlas hotels (glasgow airport) limited Companies House Filings - See Documents
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