Craigantlet Farms Limited

Strategy & objectives Our objective is to be one of the leading hotels in the country in our class by providing a quality product and excellent service throughout the business, and ensuring all products are priced to be competitive and profitable. We aim to increase our customer base across all product ranges and services we provide, to ensure we are in a strong position and not reliant on any one stream of revenue. Our staff and human resource are key to the success of the business. We want to ensure we have the right people in the right jobs, through developing our own staff internally and recruiting experienced knowledgeable staff from the labour market when needed. Business Model Given the versatile nature of services on offer at the hotel we have several business models which combine to allow us to be successful. Accommodation is maintained to a high standard with the aim of achieving good occupancy at sustainable rates. Our restaurant and bistro offer comfortable and attractive dining areas with menus priced to ensure we are competitive but still profitable. By doing this we are able to attract local regular customers as well as hotel guests. Our country club offers excellent facilities to members and hotel guests. Our ample car parking, foyet space and function halls put us in a unique position to cater for conferences and functions of all sizes. Investment has also been made in the hotel WIFI infrastructure, a key requirement for conference business. Business environment The general tourism environment within N.I. has been and remains uncertain over the course of the last number of years. The outlook for the future of the industry continues to face challenges with regards to increase costs and labour availability. Risks facing the hotel The main risks facing the hotel include: - The UK’s decision to leave the European Union has continued to cause difficulties in recruiting staff and the more recent decision by the UK government to remove hospitality from the list of professions eligible for immigration. - The construction of new hotels in Belfast. - A reduced pool of talent of skilled employees in the hospitality sector. - Currency risk - the company has limited risk to currency fluctuations. - Finance & interest rate risk - the company has limited exposure to interest rate variations, as borrowings are small as a proportion of overall finances. - Credit risk - the company has no significant risks associated with credit. Customers who trade on credit terms are subject to strict verification procedures in advance of credit being granted. Outstanding balances are constantly monitored. Business performance Financial - Revenue for the year ended 31 January 2025 £4,921,589 (2024: £4,501,223). Revenue for the financial year continued to increase on prior year with the easing of covid restrictions and an increase in custom. - Gross margin is 75%. - Administration expenses continue to increase. - Limited marketing support and discounts have been obtained from beverage suppliers. - Net assets at the year end are £3.29m compared to £3.18m at the prior year end. The company has secure banking facilities and positive cash flows. Non-financial - Business levels improved significantly as the covid restrictions were relaxed.