lockerbie house hotel limited
lockerbie house hotel limited Company Information
Group Structure
View All
Industry
Hotels and similar accommodation
Registered Address
queens hotel old annan road, lockerbie, DG11 2RB
Website
www.somertonhotel.co.uklockerbie house hotel limited Estimated Valuation
Pomanda estimates the enterprise value of LOCKERBIE HOUSE HOTEL LIMITED at £683.5k based on a Turnover of £625k and 1.09x industry multiple (adjusted for size and gross margin).
lockerbie house hotel limited Estimated Valuation
Pomanda estimates the enterprise value of LOCKERBIE HOUSE HOTEL LIMITED at £0 based on an EBITDA of £-216.4k and a 4.37x industry multiple (adjusted for size and gross margin).
lockerbie house hotel limited Estimated Valuation
Pomanda estimates the enterprise value of LOCKERBIE HOUSE HOTEL LIMITED at £0 based on Net Assets of £-846.3k and 2.09x industry multiple (adjusted for liquidity).
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Lockerbie House Hotel Limited Overview
Lockerbie House Hotel Limited is a live company located in lockerbie, DG11 2RB with a Companies House number of SC574020. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in August 2017, it's largest shareholder is glen wright with a 100% stake. Lockerbie House Hotel Limited is a young, small sized company, Pomanda has estimated its turnover at £625k with rapid growth in recent years.
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Lockerbie House Hotel Limited Health Check
Pomanda's financial health check has awarded Lockerbie House Hotel Limited a 2 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
4 Regular
6 Weak
Size
annual sales of £625k, make it smaller than the average company (£5.6m)
- Lockerbie House Hotel Limited
£5.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 42%, show it is growing at a similar rate (43.9%)
- Lockerbie House Hotel Limited
43.9% - Industry AVG
Production
with a gross margin of 64.3%, this company has a comparable cost of product (64.3%)
- Lockerbie House Hotel Limited
64.3% - Industry AVG
Profitability
an operating margin of -36.3% make it less profitable than the average company (7.6%)
- Lockerbie House Hotel Limited
7.6% - Industry AVG
Employees
with 10 employees, this is below the industry average (85)
10 - Lockerbie House Hotel Limited
85 - Industry AVG
Pay Structure
on an average salary of £24.4k, the company has an equivalent pay structure (£24.4k)
- Lockerbie House Hotel Limited
£24.4k - Industry AVG
Efficiency
resulting in sales per employee of £62.5k, this is equally as efficient (£72.5k)
- Lockerbie House Hotel Limited
£72.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Lockerbie House Hotel Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 94 days, this is slower than average (42 days)
- Lockerbie House Hotel Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is more than average (7 days)
- Lockerbie House Hotel Limited
7 days - 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 - Lockerbie House Hotel Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 937.9%, this is a higher level of debt than the average (74.8%)
937.9% - Lockerbie House Hotel Limited
74.8% - Industry AVG
LOCKERBIE HOUSE HOTEL LIMITED financials
Lockerbie House Hotel Limited's latest turnover from August 2024 is estimated at £625 thousand and the company has net assets of -£846.3 thousand. According to their latest financial statements, Lockerbie House Hotel Limited has 10 employees and maintains cash reserves of £10.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | 164,094 | ||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | 97,048 | ||||||
| Gross Profit | 67,046 | ||||||
| Admin Expenses | 302,501 | ||||||
| Operating Profit | -235,455 | ||||||
| Interest Payable | |||||||
| Interest Receivable | 20,000 | ||||||
| Pre-Tax Profit | -215,455 | ||||||
| Tax | |||||||
| Profit After Tax | -215,455 | ||||||
| Dividends Paid | |||||||
| Retained Profit | -215,455 | ||||||
| Employee Costs | 82,095 | ||||||
| Number Of Employees | 10 | 10 | 34 | 8 | 7 | 7 | |
| EBITDA* | -235,455 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 81,123 | 91,496 | 100,605 | 117,472 | 139,354 | 139,354 | 574,000 |
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 81,123 | 91,496 | 100,605 | 117,472 | 139,354 | 139,354 | 574,000 |
| Stock & work in progress | 9,620 | ||||||
| Trade Debtors | |||||||
| Group Debtors | |||||||
| Misc Debtors | 8,469 | 8,469 | 8,720 | 14,066 | |||
| Cash | 10,252 | 14,851 | 14,021 | 53,848 | 31,273 | 2,531 | 6,592 |
| misc current assets | 1 | ||||||
| total current assets | 19,872 | 14,851 | 14,021 | 62,318 | 39,742 | 11,251 | 20,658 |
| total assets | 100,995 | 106,347 | 114,626 | 179,790 | 179,096 | 150,605 | 594,658 |
| Bank overdraft | 57,333 | ||||||
| Bank loan | |||||||
| Trade Creditors | 57,903 | 89,463 | 89,461 | 24,485 | 28,666 | 46,303 | |
| Group/Directors Accounts | 867,968 | 532,097 | |||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 3,880 | 15,826 | 370,899 | 279,471 | 405,297 | 341,039 | 147,000 |
| total current liabilities | 929,751 | 694,719 | 460,360 | 279,471 | 429,782 | 369,705 | 193,303 |
| loans | 17,500 | 26,200 | 47,194 | 405,000 | |||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | 108,250 | 138,195 | 50,000 | ||||
| provisions | |||||||
| total long term liabilities | 17,500 | 26,200 | 108,250 | 185,389 | 50,000 | 405,000 | |
| total liabilities | 947,251 | 720,919 | 568,610 | 464,860 | 479,782 | 369,705 | 598,303 |
| net assets | -846,256 | -614,572 | -453,984 | -285,070 | -300,686 | -219,100 | -3,645 |
| total shareholders funds | -846,256 | -614,572 | -453,984 | -285,070 | -300,686 | -219,100 | -3,645 |
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -235,455 | ||||||
| Depreciation | 10,373 | 9,109 | 16,867 | 22,492 | |||
| Amortisation | |||||||
| Tax | |||||||
| Stock | 9,620 | ||||||
| Debtors | -8,469 | -251 | -5,346 | 14,066 | |||
| Creditors | -31,560 | 2 | 89,461 | -24,485 | -4,181 | -17,637 | 46,303 |
| Accruals and Deferred Income | -11,946 | -355,073 | 91,428 | -125,826 | 64,258 | 194,039 | 147,000 |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | -53,707 | ||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | 335,871 | 532,097 | |||||
| Other Short Term Loans | |||||||
| Long term loans | -8,700 | 26,200 | -47,194 | 47,194 | -405,000 | 405,000 | |
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | -108,250 | -29,945 | 88,195 | 50,000 | |||
| share issue | |||||||
| interest | 20,000 | ||||||
| cash flow from financing | -385,000 | ||||||
| cash and cash equivalents | |||||||
| cash | -4,599 | 830 | -39,827 | 22,575 | 28,742 | -4,061 | 6,592 |
| overdraft | -57,333 | 57,333 | |||||
| change in cash | 52,734 | -56,503 | -39,827 | 22,575 | 28,742 | -4,061 | 6,592 |
lockerbie house hotel limited Credit Report and Business Information
Lockerbie House Hotel Limited Competitor Analysis
Perform a competitor analysis for lockerbie house hotel limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in DG11 area or any other competitors across 12 key performance metrics.
lockerbie house hotel limited Ownership
LOCKERBIE HOUSE HOTEL LIMITED group structure
Lockerbie House Hotel Limited has no subsidiary companies.
Ultimate parent company
LOCKERBIE HOUSE HOTEL LIMITED
SC574020
lockerbie house hotel limited directors
Lockerbie House Hotel Limited currently has 1 director, Mr Glen Wright serving since Aug 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Glen Wright | United Kingdom | 54 years | Aug 2017 | - | Director |
P&L
August 2024turnover
625k
-2%
operating profit
-226.8k
0%
gross margin
64.3%
+0.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2024net assets
-846.3k
+0.38%
total assets
101k
-0.05%
cash
10.3k
-0.31%
net assets
Total assets minus all liabilities
Similar Companies
lockerbie house hotel limited company details
company number
SC574020
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
August 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2024
previous names
N/A
accountant
TAX LINK
auditor
-
address
queens hotel old annan road, lockerbie, DG11 2RB
Bank
-
Legal Advisor
-
lockerbie house hotel 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 lockerbie house hotel limited.
lockerbie house hotel 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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lockerbie house hotel limited Companies House Filings - See Documents
| date | description | view/download |
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