WESTGATE HOTEL LIMITED Financials
- Company number
- 06823558Copy
Copy - Registered office
- Seabreeze Cottage Victoria Way, Winchelsea Beach, Winchelsea TN36 4NH
- Incorporated
- 18/02/2009
Company snapshot
- Status
- Active
- Employees
- 48 (2024)
- Latest financial data
- 2024
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-19.12%vs 20232023: £1.43M
Total Assets
5.99%vs 20232023: £2.19M
Cash in Bank
32.60%vs 20232023: £212.99K
Total Liabilities
53.33%vs 20232023: £758.89K
Employees
-1vs 20232023: 49
In 2024, WESTGATE HOTEL LIMITED reported net assets of £1.16M. The same filing shows total assets of £2.32M, cash in bank of £282.42K and total liabilities of £1.16M. Reported headcount was 48 in 2024. Total Liabilities rose from £758.89K in 2023 to £1.16M in 2024 (53.33%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-19.12%from £1.43M in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures WESTGATE HOTEL LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+14.4%vs 2022+7% a year compound (CAGR)
Cash in Bank
+591%vs 2022+163% a year compound (CAGR)
Total Assets
+26.2%vs 2022+12.3% a year compound (CAGR)
Total Liabilities
+40.6%vs 2022+18.6% a year compound (CAGR)
Employees
+4.3%vs 2022+2Biggest increase
Cash in Bank+591%
£40.85K in 2022 to £282.42K in 2024
Every indicator Okredo holds for WESTGATE HOTEL LIMITED rose between 2022 and 2024. The steepest rise came in cash in bank, pointing to a more liquid cash position, with net assets, total assets, total liabilities and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from WESTGATE HOTEL LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 49.86%2024
- Liabilities to total assets
- 50.14%2024
- Cash to liabilities
- 24.27%2024
- Cash to total assets
- 12.17%2024
Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for WESTGATE HOTEL LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 266.52K | 1.01M | 1.43M | 1.16M |
| Total Assets£ | 811.77K | 1.84M | 2.19M | 2.32M |
| Cash in Bank£ | 24.26K | 40.85K | 212.99K | 282.42K |
| Total Liabilities£ | 545.25K | 827.80K | 758.89K | 1.16M |
| Employees | 41 | 46 | 49 | 48 |
WESTGATE HOTEL LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has WESTGATE HOTEL LIMITED filed financial statements?
Yes. Okredo holds filed figures for WESTGATE HOTEL LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did WESTGATE HOTEL LIMITED report in 2024?
WESTGATE HOTEL LIMITED reported net assets of £1.16M for 2024. That compares with £1.43M in 2023, a change of -19.12%.
What total assets did WESTGATE HOTEL LIMITED report in 2024?
WESTGATE HOTEL LIMITED reported total assets of £2.32M for 2024. That compares with £2.19M in 2023, a change of 5.99%.
What cash in bank did WESTGATE HOTEL LIMITED report in 2024?
WESTGATE HOTEL LIMITED reported cash in bank of £282.42K for 2024. That compares with £212.99K in 2023, a change of 32.60%.
How many people does WESTGATE HOTEL LIMITED employ?
WESTGATE HOTEL LIMITED reported 48 employees in 2024, compared with 49 in 2023.
How have WESTGATE HOTEL LIMITED financials changed over the last 3 years?
Between 2022 and 2024, WESTGATE HOTEL LIMITED's net assets rose by 14.4%, cash in bank rose by 591%, total assets rose by 26.2% and total liabilities rose by 40.6%. Net assets compounded at 7% a year across the two years to 2024, from £1.01M to £1.16M. Reported headcount went from 46 in 2022 to 48 in 2024 (+2).
Which years of WESTGATE HOTEL LIMITED financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.