SAXON HOTELS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -5.1%

  £3,243,670 → £3,078,075

• Cash

  -47.8%

  £145,261 → £75,784

• Net assets

  +2.7%

  -£1,068,041 → -£1,039,590

  highest in 5 filed years

• Employees

  +1.2%

  84 → 85

• Operating profit

  -9.3%

  £169,345 → £153,514

  first positive since 2021

• Profit before tax

  -45.2%

  £51,917 → £28,451

  first positive since 2023

• Wages

  +3.5%

  £1,232,229 → £1,275,124

  highest in 5 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Hebblethwaites

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. For the period ended 31 March 2025 the company recorded a decrease in turnover of £166k, from £3,244K in 2024 to £3,078K in 2025, but recorded a net profit of £28k for the company, this despite the challenges experienced in recent years in relation to various economic and global issues. Trading operations remain challenging, with significant cost pressures in the key supply and cost categories for both products and services and including relatively high market interest rates. The return to profitability over the last two years has served to reduce the adverse net liability position at the period end date, with a net liability position as at 31st March 2025 of £1.04 million. The directors are forecasting positive trading performance and profitability for the next three financial periods, with a very strong diary of bookings for accommodation, weddings and other functions, and continued demand for the company's services in particular in relation to the specialist market sector. The cash reserves remain positive as at 31 March 2025, with management forecasting a further increase in cash reserves over the subsequent financial period, whilst also taking into account capital and interest obligations in relation to the company's borrowings. The company has also, within the now revised group arrangement, remained compliant with financial covenants in relation to bank borrowings during the financial year. The group partner, DGCC Limited, given its own reserves, has pledged ongoing support to Saxon Hotels Limited, thereby confirming that the group loan liability will only be subject to any repayment as and when cash flow permits, this despite the fact that the entire inter-company loan is reflected in full, as is technically the case, as a current liability in the Statement of Financial Position. The directors are therefore satisfied that the going concern basis remains appropriate.”

Significant events

• “The legacy effects of recent global and macro-economic issues have now receded to some extent and the company continues to trade at consistent levels in a challenging economic climate, but with constant cost and efficiency monitoring and control to target ongoing profitability and funds management.”
• “A restructuring of the company and the group to which it belongs towards the end of the year has provided further impetus to future growth with additional financial stability within the Saxon Group.”
• “However, Covid-19 is beyond the control of the directors, and the pandemic is a significant risk to the company”
• “Saxon Hotels Ltd became a wholly owned subsidiary of Saxon Group Limited with effect from 7th March 2025”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.