No.42 Margate Ltd

No.42 Margate Hotel is a boutique hotel group operating from Margate, UK, with an active status. Established three years ago, it employs three people and holds £1,264,888 in assets. The company is a holding company with a real address and is overseen by three directors and one owner. It boasts a perfect 5.0 Google rating based on 97 reviews and regularly imports furniture, lighting, and prefabricated buildings, with the last import operation occurring three months ago.

The hotel group operates four distinct locations: No. 1 York, No. 15 Bath, No. 42 Margate, and No. 124 Brighton. Each location offers a unique experience, with a focus on boutique accommodations, spa treatments, weddings, and events. The website highlights the group’s commitment to creating memorable stays, with a particular emphasis on its “Pearly Cow” restaurant brand, serving indulgent cuts of meat and fresh fish. The group also offers a range of services, including meeting and event spaces, gift vouchers, and bespoke wedding options.

Financially, No.42 Margate Hotel shows a mixed picture. Current assets have fallen by 40% to £130,000, while net assets have plummeted 90% to -£1,000,000—a considerable decline. Bank borrowings have surged by 110% to £12,000,000, and cash reserves have fallen 150% to £55,000. Creditors decreased by 61%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. The company’s average number of employees has increased dramatically, jumping 1400% to 46, which is a significant change. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

In short, No.42 Margate Hotel is facing financial pressures despite a strong brand reputation and positive customer reviews. The group's diverse portfolio of hotels and restaurants suggests a commitment to growth, but the company will need to address its declining equity and manage its debt levels to ensure long-term sustainability.

Registered in England/Wales under the registration number 13723220, with a registered address at SW15 1JR, United Kingdom, London, 31 Ruvigny Gardens.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.