mim's hotels limited
mim's hotels limited Company Information
Company Number
SC200038
Next Accounts
Feb 2025
Shareholders
mims pottery ltd
Group Structure
View All
Industry
Hotels and similar accommodation
Registered Address
159-163 glentanar road, glasgow, G22 7XS
Website
www.mimspottery.commim's hotels limited Estimated Valuation
Pomanda estimates the enterprise value of MIM'S HOTELS LIMITED at £147 based on a Turnover of £162 and 0.91x industry multiple (adjusted for size and gross margin).
mim's hotels limited Estimated Valuation
Pomanda estimates the enterprise value of MIM'S HOTELS LIMITED at £73k based on an EBITDA of £20.2k and a 3.62x industry multiple (adjusted for size and gross margin).
mim's hotels limited Estimated Valuation
Pomanda estimates the enterprise value of MIM'S HOTELS LIMITED at £15 based on Net Assets of £7 and 2.16x industry multiple (adjusted for liquidity).
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Mim's Hotels Limited Overview
Mim's Hotels Limited is a dissolved company that was located in glasgow, G22 7XS with a Companies House number of SC200038. It operated in the hotels and similar accommodation sector, SIC Code 55100. Founded in September 1999, it's largest shareholder was mims pottery ltd with a 100% stake. The last turnover for Mim's Hotels Limited was estimated at £162.2.
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Mim's Hotels Limited Health Check
Pomanda's financial health check has awarded Mim'S Hotels Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
6 Weak
Size
annual sales of £162.2, make it smaller than the average company (£4.6m)
- Mim's Hotels Limited
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -91%, show it is growing at a slower rate (2.6%)
- Mim's Hotels Limited
2.6% - Industry AVG
Production
with a gross margin of 42%, this company has a higher cost of product (60.1%)
- Mim's Hotels Limited
60.1% - Industry AVG
Profitability
an operating margin of 12433.2% make it more profitable than the average company (6.1%)
- Mim's Hotels Limited
6.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (89)
- Mim's Hotels Limited
89 - Industry AVG
Pay Structure
on an average salary of £19.6k, the company has an equivalent pay structure (£19.6k)
- Mim's Hotels Limited
£19.6k - Industry AVG
Efficiency
resulting in sales per employee of £162.2, this is less efficient (£56.5k)
- Mim's Hotels Limited
£56.5k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is later than average (8 days)
- Mim's Hotels Limited
8 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Mim's Hotels Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mim's Hotels Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mim's Hotels Limited
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Mim's Hotels Limited
- - Industry AVG
MIM'S HOTELS LIMITED financials
Mim'S Hotels Limited's latest turnover from July 2020 is estimated at £162 and the company has net assets of £7. According to their latest financial statements, we estimate that Mim'S Hotels Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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
| Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 159,637 | 182,332 | 205,026 | 227,721 | 242,429 | 263,775 | 288,782 | 312,678 | 332,143 | 355,183 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 159,637 | 182,332 | 205,026 | 227,721 | 242,429 | 263,775 | 288,782 | 312,678 | 332,143 | 355,183 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 2,437 | 19,812 | 17,947 | 16,000 | 14,044 | 15,109 | 11,440 | 15,446 |
| Trade Debtors | 7 | 21 | 50,125 | 11,258 | 2,624 | 5,590 | 129,382 | 138,941 | 151,811 | 145,130 | 62,222 | 52,045 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 168 |
| Cash | 0 | 0 | 0 | 0 | 9,478 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 67,256 | 19,149 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7 | 21 | 50,125 | 11,258 | 14,539 | 26,402 | 148,329 | 155,941 | 166,855 | 161,239 | 140,918 | 86,808 |
| total assets | 7 | 21 | 209,762 | 193,590 | 219,565 | 254,123 | 390,758 | 419,716 | 455,637 | 473,917 | 473,061 | 441,991 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 16,348 | 67,817 | 32,538 | 94,944 | 92,390 | 66,967 | 55,836 | 62,860 | 72,202 | 91,767 | 58,739 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20 | 20 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 0 | 16,348 | 67,817 | 32,538 | 94,944 | 92,390 | 66,967 | 55,836 | 62,860 | 72,202 | 91,787 | 58,759 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 682,348 | 682,348 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 706,428 | 706,763 | 567,349 | 567,349 | 682,349 | 682,349 | 682,349 | 682,349 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 706,428 | 707,763 | 567,349 | 567,349 | 682,349 | 682,349 | 682,349 | 682,349 | 682,348 | 682,348 |
| total liabilities | 0 | 16,348 | 774,245 | 740,301 | 662,293 | 659,739 | 749,316 | 738,185 | 745,209 | 754,551 | 774,135 | 741,107 |
| net assets | 7 | -16,327 | -564,483 | -546,711 | -442,728 | -405,616 | -358,558 | -318,469 | -289,572 | -280,634 | -301,074 | -299,116 |
| total shareholders funds | 7 | -16,327 | -564,483 | -546,711 | -442,728 | -405,616 | -358,558 | -318,469 | -289,572 | -280,634 | -301,074 | -299,116 |
| Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 0 | 0 | 22,695 | 23,686 | 22,510 | 30,728 | 26,567 | 24,620 | 23,649 | 23,649 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | ||||||||||||
| Stock | 0 | 0 | 0 | -2,437 | -17,375 | 1,865 | 1,947 | 1,956 | -1,065 | 3,669 | -4,006 | 15,446 |
| Debtors | -14 | -50,104 | 38,867 | 8,634 | -2,966 | -123,792 | -9,559 | -12,870 | 6,681 | 82,908 | 10,009 | 52,213 |
| Creditors | -16,348 | -51,469 | 35,279 | -62,406 | 2,554 | 25,423 | 11,131 | -7,024 | -9,342 | -19,565 | 33,028 | 58,739 |
| Accruals and Deferred Income | 0 | 0 | -1,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20 | 0 | 20 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -682,348 | 0 | 682,348 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -706,428 | -335 | 139,414 | 0 | -115,000 | 0 | 0 | 0 | 682,349 | 0 | 0 |
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | 0 | 0 | 0 | -9,478 | 8,478 | 0 | 0 | 0 | 0 | -66,256 | 48,107 | 19,149 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | -9,478 | 8,478 | 0 | 0 | 0 | 0 | -66,256 | 48,107 | 19,149 |
mim's hotels limited Credit Report and Business Information
Mim's Hotels Limited Competitor Analysis
Perform a competitor analysis for mim's hotels limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in G22 area or any other competitors across 12 key performance metrics.
mim's hotels limited Ownership
MIM'S HOTELS LIMITED group structure
Mim'S Hotels Limited has no subsidiary companies.
mim's hotels limited directors
Mim'S Hotels Limited currently has 2 directors. The longest serving directors include Ms Mimi Milne (Sep 1999) and Mr Andrew Milne (Sep 1999).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Mimi Milne | 67 years | Sep 1999 | - | Director | |
| Mr Andrew Milne | 71 years | Sep 1999 | - | Director |
P&L
July 2020turnover
162.2
-96%
operating profit
20.2k
0%
gross margin
42.1%
-6.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2020net assets
7
-1%
total assets
7
-0.67%
cash
0
0%
net assets
Total assets minus all liabilities
mim's hotels limited company details
company number
SC200038
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
September 1999
age
26
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
July 2020
previous names
N/A
accountant
-
auditor
-
address
159-163 glentanar road, glasgow, G22 7XS
Bank
-
Legal Advisor
-
mim's 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 did not find charges/mortgages relating to mim's hotels limited.
mim's hotels 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.
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mim's hotels limited Companies House Filings - See Documents
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