Meiklejohn Hospitality Limited

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meiklejohn hospitality limited Company Information

Live

EstablishedMicroDeclining

Company Number

SC318205

Website

Registered Address

block 11,units 1 and 2, tweedbank industrial estate, galashiels, selkirkshire, TD1 3RS

Industry

Licensed restaurants

Telephone

Next Accounts Due

December 2024

Group Structure

View All

Directors

Gavin Meiklejohn17 Years

Annika Meiklejohn17 Years

Shareholders

gavin john meiklejohn 50%

annika gabrielle meiklejohn 50%

meiklejohn hospitality limited Estimated Valuation

£797.9k

Pomanda estimates the enterprise value of MEIKLEJOHN HOSPITALITY LIMITED at £797.9k based on Net Assets of £246.3k and 3.24x industry multiple (adjusted for liquidity).

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Meiklejohn Hospitality Limited is a live company located in galashiels, TD1 3RS with a Companies House number of SC318205. It operates in the licenced restaurants sector, SIC Code 56101. Founded in March 2007, it's largest shareholder is gavin john meiklejohn with a 50% stake. Meiklejohn Hospitality Limited is a established, micro sized company, Pomanda has estimated its turnover at £307.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Meiklejohn Hospitality Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £307.1k, make it smaller than the average company (£1.6m)

Growth

3 year (CAGR) sales growth of -28%, show it is growing at a slower rate (3.5%)

EXPORT

Meiklejohn Hospitality Limited's latest turnover from March 2023 is estimated at £307.1 thousand and the company has net assets of £246.3 thousand. According to their latest financial statements, Meiklejohn Hospitality Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	307,075	403,193	605,552	810,212	918,664	2,467,039	3,597,522	5,599,058	3,572,258	1,601,438	611,163	121,504	92,765	94,195
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	198,834	271,328	422,071	510,353	575,987	1,485,865	2,147,041	3,372,602	2,182,507	987,885	385,177	75,885	54,527	54,664
Gross Profit	108,241	131,865	183,482	299,859	342,678	981,174	1,450,481	2,226,456	1,389,751	613,553	225,986	45,619	38,238	39,531
Admin Expenses	99,908	103,282	162,275	271,097	343,653	976,071	1,470,362	2,202,752	1,382,748	545,679	159,356	-4,959	34,050	-19,164
Operating Profit	8,333	28,583	21,207	28,762	-975	5,103	-19,881	23,704	7,003	67,874	66,630	50,578	4,188	58,695
Interest Payable	0	0	0	0	0	0	0	0	2,597	5,490	6,168	6,900	3,624	0
Interest Receivable	0	0	0	0	14	10	12	61	231	446	402	216	120	53
Pre-Tax Profit	8,333	28,583	21,207	28,762	-961	5,114	-19,869	23,765	4,637	62,830	60,863	43,895	683	58,747
Tax	-1,583	-5,431	-4,029	-5,465	0	-972	0	-4,753	-974	-14,451	-14,607	-11,413	-191	-16,449
Profit After Tax	6,750	23,152	17,178	23,297	-961	4,142	-19,869	19,012	3,663	48,379	46,256	32,482	492	42,298
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	6,750	23,152	17,178	23,297	-961	4,142	-19,869	19,012	3,663	48,379	46,256	32,482	492	42,298
Employee Costs	37,550	34,438	33,388	35,238	35,273	705,411	1,052,685	1,573,222	1,008,310	449,871	184,738	44,862	28,785	27,996
Number Of Employees	2	2	2	2	2	41	62	95	61	28	12	3	2	2
EBITDA*	8,333	28,583	21,207	28,762	1,784	8,560	-15,554	84,273	19,687	94,759	93,839	81,365	30,322	80,958

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	203,945	205,077	206,491	208,265	210,478	213,237	216,694	221,021	228,237	286,091	290,355	306,229	288,074	273,511
Intangible Assets	0	0	0	0	0	0	0	0	53,040	56,160	59,280	62,400	65,520	68,640
Investments & Other	0	0	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	0	0
Total Fixed Assets	203,945	205,077	206,491	208,265	210,478	213,237	216,694	221,021	281,277	342,251	349,635	368,629	353,594	342,151
Stock & work in progress	0	0	0	0	0	0	0	0	8,882	19,094	15,013	8,236	7,150	6,565
Trade Debtors	55,007	133,276	137,041	145,634	153,154	165,770	189,514	267,511	202,068	88,470	26,541	844	409	597
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	365	725	266	266	273	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	3,796	379	8,925	15,293	77,212	101,030	59,665	26,855	21,005
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	55,372	134,001	137,307	145,900	153,427	169,566	189,893	276,436	226,243	184,776	142,584	68,745	34,414	28,167
total assets	259,317	339,078	343,798	354,165	363,905	382,803	406,587	497,457	507,520	527,027	492,219	437,374	388,008	370,318
Bank overdraft	0	0	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	0	0
Trade Creditors	12,110	44,735	61,420	83,786	104,487	100,262	129,794	189,875	207,500	211,049	214,953	194,048	171,901	154,859
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	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	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	12,110	44,735	61,420	83,786	104,487	100,262	129,794	189,875	207,500	211,049	214,953	194,048	171,901	154,859
loans	0	0	0	0	0	0	0	0	0	79,914	88,999	100,796	111,516	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	936	780	768	756	744	0	0	0	0	0	0	0	0	0
other liabilities	0	54,042	65,241	70,432	80,677	103,056	100,794	110,675	120,190	49,569	49,571	47,248	45,088	164,527
provisions	0	0	0	0	2,103	2,628	3,284	4,323	6,258	16,586	17,166	20,008	16,711	8,632
total long term liabilities	936	54,822	66,009	71,188	83,524	105,684	104,078	114,998	126,448	146,069	155,736	168,052	173,315	173,159
total liabilities	13,046	99,557	127,429	154,974	188,011	205,946	233,872	304,873	333,948	357,118	370,689	362,100	345,216	328,018
net assets	246,271	239,521	216,369	199,191	175,894	176,857	172,715	192,584	173,572	169,909	121,530	75,274	42,792	42,300
total shareholders funds	246,271	239,521	216,369	199,191	175,894	176,857	172,715	192,584	173,572	169,909	121,530	75,274	42,792	42,300

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	8,333	28,583	21,207	28,762	-975	5,103	-19,881	23,704	7,003	67,874	66,630	50,578	4,188	58,695
Depreciation	0	0	0	0	2,759	3,457	4,327	7,529	9,564	23,765	24,089	27,667	23,014	19,143
Amortisation	0	0	0	0	0	0	0	53,040	3,120	3,120	3,120	3,120	3,120	3,120
Tax	-1,583	-5,431	-4,029	-5,465	0	-972	0	-4,753	-974	-14,451	-14,607	-11,413	-191	-16,449
Stock	0	0	0	0	0	0	0	-8,882	-10,212	4,081	6,777	1,086	585	6,565
Debtors	-78,629	-3,306	-8,593	-7,527	-12,343	-23,744	-77,997	65,443	113,598	61,929	25,697	435	-188	597
Creditors	-32,625	-16,685	-22,366	-20,701	4,225	-29,532	-60,081	-17,625	-3,549	-3,904	20,905	22,147	17,042	154,859
Accruals and Deferred Income	156	12	12	12	744	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-2,103	-525	-656	-1,039	-1,935	-10,328	-580	-2,842	3,297	8,079	8,632
Cash flow from operations	52,910	9,785	3,417	8,032	18,571	1,144	1,323	3,399	-98,550	9,814	64,821	93,875	54,855	220,838
Investing Activities
capital expenditure	1,132	1,414	1,774	2,213	0	0	0	-313	48,290	-19,501	-8,215	-45,822	-37,577	-364,414
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	1,132	1,414	1,774	2,213	0	0	0	-313	48,290	-19,501	-8,215	-45,822	-37,577	-364,414
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	-79,914	-9,085	-11,797	-10,720	111,516	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-54,042	-11,199	-5,191	-10,245	-22,379	2,262	-9,881	-9,515	70,621	-2	2,323	2,160	-119,439	164,527
share issue	0	0	0	0	-2	0	0	0	0	0	0	0	0	2
interest	0	0	0	0	14	10	12	61	-2,366	-5,044	-5,766	-6,684	-3,504	53
cash flow from financing	-54,042	-11,199	-5,191	-10,245	-22,367	2,272	-9,869	-9,454	-11,659	-14,131	-15,240	-15,244	-11,427	164,582
cash and cash equivalents
cash	0	0	0	0	-3,796	3,417	-8,546	-6,368	-61,919	-23,818	41,365	32,810	5,850	21,005
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	-3,796	3,417	-8,546	-6,368	-61,919	-23,818	41,365	32,810	5,850	21,005

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MEIKLEJOHN HOSPITALITY LIMITED group structure

Meiklejohn Hospitality Limited has no subsidiary companies.

Ultimate parent company

MEIKLEJOHN HOSPITALITY LIMITED

SC318205

MEIKLEJOHN HOSPITALITY LIMITED Shareholders

gavin john meiklejohn	50%
annika gabrielle meiklejohn	50%

Meiklejohn Hospitality Limited currently has 2 directors. The longest serving directors include Mr Gavin Meiklejohn (Mar 2007) and Mrs Annika Meiklejohn (Mar 2007).

officer	country	age	start	end	role
Mr Gavin Meiklejohn	United Kingdom	47 years	Mar 2007	-	Director
Mrs Annika Meiklejohn	United Kingdom	46 years	Mar 2007	-	Director

P&L

March 2023

turnover

307.1k

-24%

operating profit

8.3k

gross margin

35.3%

+7.78%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

246.3k

+0.03%

total assets

259.3k

-0.24%

cash

net assets

Total assets minus all liabilities

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company number

SC318205

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

incorporation date

March 2007

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

block 11,units 1 and 2, tweedbank industrial estate, galashiels, selkirkshire, TD1 3RS

last accounts submitted

March 2023

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 meiklejohn hospitality limited. Currently there are 2 open charges and 0 have been satisfied in the past.

meiklejohn hospitality limited Company Information

meiklejohn hospitality limited Estimated Valuation

meiklejohn hospitality limited Estimated Valuation

meiklejohn hospitality limited Estimated Valuation

Meiklejohn Hospitality Limited Overview

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MEIKLEJOHN HOSPITALITY LIMITED financials

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meiklejohn hospitality limited Ownership

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