Skye Guides Limited

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skye guides limited Company Information

Company Number

SC412995

Next Accounts

Sep 2025

Directors

Michael Lates

Catriona Lates

Shareholders

mike lates

catriona lates

Group Structure

View All

Industry

Hotels and similar accommodation

Registered Address

lime park broadford, isle of skye, IV49 9AE

Website

www.skyeguides.co.uk

skye guides limited Estimated Valuation

£836.8k

Pomanda estimates the enterprise value of SKYE GUIDES LIMITED at £836.8k based on a Turnover of £1.1m and 0.79x industry multiple (adjusted for size and gross margin).

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Skye Guides Limited is a live company located in isle of skye, IV49 9AE with a Companies House number of SC412995. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in December 2011, it's largest shareholder is mike lates with a 50% stake. Skye Guides Limited is a established, small sized company, Pomanda has estimated its turnover at £1.1m with high growth in recent years.

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Pomanda's financial health check has awarded Skye Guides Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (10.4%)

EXPORT

Skye Guides Limited's latest turnover from December 2023 is estimated at £1.1 million and the company has net assets of £274 thousand. According to their latest financial statements, Skye Guides Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Turnover	1,054,026	678,912	563,197	581,992	323,745	566,861	645,317	50,886		45,290	36,141	20,679
Other Income Or Grants
Cost Of Sales	716,010	456,417	439,676	432,478	220,753	381,131	425,831	33,375		29,582	23,988	13,925
Gross Profit	338,016	222,495	123,521	149,514	102,992	185,730	219,486	17,510		15,709	12,153	6,753
Admin Expenses	257,049	168,928	49,640	156,420	106,574	161,679	119,695	1,372	-1,508	12,027	-9,452	6,510
Operating Profit	80,967	53,567	73,881	-6,906	-3,582	24,051	99,791	16,138	1,508	3,682	21,605	243
Interest Payable							8,861	8,520
Interest Receivable						8	51	57	133	120	71	15
Pre-Tax Profit	80,967	53,567	73,881	-6,906	-3,582	24,059	90,981	7,675	1,641	3,803	21,675	258
Tax	-20,242	-10,178	-14,037			-4,571	-17,286	-1,535	-328	-799	-4,985	-62
Profit After Tax	60,725	43,389	59,844	-6,906	-3,582	19,488	73,695	6,140	1,313	3,004	16,690	196
Dividends Paid
Retained Profit	60,725	43,389	59,844	-6,906	-3,582	19,488	73,695	6,140	1,313	3,004	16,690	196
Employee Costs	106,795	127,394	94,272	89,291	110,816	128,794	60,335	40,322		21,309	20,621	21,178
Number Of Employees	4	5	4	4	5	6	3	2		1	1	1
EBITDA*	80,967	53,567	73,881	-6,906	-3,582	24,051	99,791	19,402	3,597	8,487	25,848	4,440

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Tangible Assets	272,666	275,575	280,724	273,925	278,207	284,329	288,384	282,079	2,187	3,911	3,866	5,094
Intangible Assets											2,500	5,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	272,666	275,575	280,724	273,925	278,207	284,329	288,384	282,079	2,187	3,911	6,366	10,094
Stock & work in progress												177
Trade Debtors	207,425	136,973	114,838	95,662	48,516	97,882	127,637	1,732		3,870	2,893	1,623
Group Debtors
Misc Debtors	211		1,011	717	1,308			6,898	2,645
Cash							2,115	18,286	27,611	25,606	22,465	5,854
misc current assets						1,339
total current assets	207,636	136,973	115,849	96,379	49,824	99,221	129,752	26,916	30,256	29,476	25,358	7,654
total assets	480,302	412,548	396,573	370,304	328,031	383,550	418,136	308,995	32,443	33,387	31,724	17,748
Bank overdraft
Bank loan								9,296
Trade Creditors	73,539	57,197	71,357	43,444	39,764	75,642	125,367			12,947	14,582	17,337
Group/Directors Accounts
other short term finances								63,490
hp & lease commitments
other current liabilities								8,912	10,752
total current liabilities	73,539	57,197	71,357	43,444	39,764	75,642	125,367	81,698	10,752	12,947	14,582	17,337
loans								199,854
hp & lease commitments
Accruals and Deferred Income	634	531	1,235	822	487	709	1,195
other liabilities	132,133	141,549	154,099	216,000	170,836	186,673	190,536
provisions									388	450	156	115
total long term liabilities	132,767	142,080	155,334	216,822	171,323	187,382	191,731	199,854	388	450	156	115
total liabilities	206,306	199,277	226,691	260,266	211,087	263,024	317,098	281,552	11,140	13,397	14,738	17,452
net assets	273,996	213,271	169,882	110,038	116,944	120,526	101,038	27,443	21,303	19,990	16,986	296
total shareholders funds	273,996	213,271	169,882	110,038	116,944	120,526	101,038	27,443	21,303	19,990	16,986	296

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Operating Activities
Operating Profit	80,967	53,567	73,881	-6,906	-3,582	24,051	99,791	16,138	1,508	3,682	21,605	243
Depreciation								3,264	2,089	2,305	1,743	1,697
Amortisation										2,500	2,500	2,500
Tax	-20,242	-10,178	-14,037			-4,571	-17,286	-1,535	-328	-799	-4,985	-62
Stock											-177	177
Debtors	70,663	21,124	19,470	46,555	-48,058	-29,755	119,007	5,985	-1,225	977	1,270	1,623
Creditors	16,342	-14,160	27,913	3,680	-35,878	-49,725	125,367		-12,947	-1,635	-2,755	17,337
Accruals and Deferred Income	103	-704	413	335	-222	-486	-7,717	-1,840	10,752
Deferred Taxes & Provisions								-388	-62	294	41	115
Cash flow from operations	6,507	7,401	68,700	-49,446	8,376	-976	81,148	9,654	2,237	5,370	17,056	20,030
Investing Activities
capital expenditure	2,909	5,149	-6,799	4,282	6,122	4,055	-6,305	-283,156	-365	-2,350	-515	-14,291
Change in Investments
cash flow from investments	2,909	5,149	-6,799	4,282	6,122	4,055	-6,305	-283,156	-365	-2,350	-515	-14,291
Financing Activities
Bank loans							-9,296	9,296
Group/Directors Accounts
Other Short Term Loans							-63,490	63,490
Long term loans							-199,854	199,854
Hire Purchase and Lease Commitments
other long term liabilities	-9,416	-12,550	-61,901	45,164	-15,837	-3,863	190,536
share issue							-100					100
interest						8	-8,810	-8,463	133	120	71	15
cash flow from financing	-9,416	-12,550	-61,901	45,164	-15,837	-3,855	-91,014	264,177	133	120	71	115
cash and cash equivalents
cash						-2,115	-16,171	-9,325	2,005	3,141	16,611	5,854
overdraft
change in cash						-2,115	-16,171	-9,325	2,005	3,141	16,611	5,854

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SKYE GUIDES LIMITED group structure

Skye Guides Limited has no subsidiary companies.

Ultimate parent company

SKYE GUIDES LIMITED

SC412995

SKYE GUIDES LIMITED Shareholders

mike lates	50%
catriona lates	50%

Skye Guides Limited currently has 2 directors. The longest serving directors include Mr Michael Lates (Dec 2011) and Mrs Catriona Lates (May 2014).

officer	country	age	start	end	role
Mr Michael Lates	Scotland	58 years	Dec 2011	-	Director
Mrs Catriona Lates	Scotland	54 years	May 2014	-	Director

P&L

December 2023

turnover

1.1m

+55%

operating profit

81k

gross margin

32.1%

-2.15%

turnover

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

Balance Sheet

December 2023

net assets

274k

+0.28%

total assets

480.3k

+0.16%

cash

net assets

Total assets minus all liabilities

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4.5

company number

SC412995

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

93199 - Other sports activities (not including activities of racehorse owners) n.e.c.

incorporation date

December 2011

ultimate parent company

None

previous names

N/A

address

lime park broadford, isle of skye, IV49 9AE

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skye guides limited Company Information

skye guides limited Estimated Valuation

skye guides limited Estimated Valuation

skye guides limited Estimated Valuation

Skye Guides Limited Overview

Skye Guides Limited Health Check

SKYE GUIDES LIMITED financials

skye guides limited Credit Report and Business Information

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