AXCEL GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-12 (in 11mo)
Last made up 2026-03-29
Watchouts
None on the register
Cash
£18M
+51.2% highest in 4 filed years
Net assets
£93M
+14.1% highest in 4 filed years
Employees
313
-13.1% vs 2023
Profit before tax
£11M
-4.1% vs 2023
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £42,043,887 | £42,802,118 | |
| Operating profit | — | — | — | — | £19,056,627 | £17,198,114 | |
| Profit before tax | — | — | — | — | £11,755,025 | £11,272,267 | |
| Net profit | — | — | — | — | £9,912,369 | £8,762,978 | |
| Cash | — | £5,588 | £4,896 | — | £12,039,491 | £18,205,128 | |
| Total assets less current liabilities | — | £19,966,513 | £20,054,988 | — | £190,195,719 | £197,911,263 | |
| Net assets | — | £23,718 | -£510,646 | — | £81,764,468 | £93,302,446 | |
| Equity | £554,916 | £23,718 | -£510,646 | £2,321,929 | £81,764,468 | £93,302,446 | |
| Average employees | — | 161 | 233 | — | 360 | 313 | |
| Wages | — | — | — | — | £6,706,130 | £6,951,005 | |
| Directors' remuneration | — | — | — | — | — | — |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+1.8%
£42,043,887 £42,802,118
-
Cash
+51.2%
£12,039,491 £18,205,128
highest in 4 filed years
-
Net assets
+14.1%
£81,764,468 £93,302,446
highest in 4 filed years
-
Employees
-13.1%
360 313
-
Operating profit
-9.8%
£19,056,627 £17,198,114
-
Profit before tax
-4.1%
£11,755,025 £11,272,267
-
Wages
+3.7%
£6,706,130 £6,951,005
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 45.3% | 40.2% | |
| Net margin | — | — | — | — | 23.6% | 20.5% | |
| Return on capital employed | — | — | — | — | 10.0% | 8.7% | |
| Current ratio | — | — | — | — | 1.34x | 1.83x | |
| Interest cover | — | — | — | — | 4.31x | 4.24x |
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.
Name history
Renamed 1 time since incorporation
- AXCEL GROUP LIMITED 2015-09-22 → present
- K C R INVESTMENTS LIMITED 2010-03-29 → 2015-09-22
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Xeinadin Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- AXCEL GROUP LIMITED · parent
- Phoenix Property Investment Company Limited 100%
- Croydon Hotels Limited 100%
- Edinburgh City Hotels Limited 100%
- Axcel Hospitality (Manchester) Limited 100%
- Hollin Hill Properties Limited 100%
- Axcel Hospitality (York) Limited 100%
- Axcel Hospitality (Management) Limited 100%
- Axcel Hospitality (Learmonth) Limited 100%
- Axcel Hospitality (Lansdown) Limited 100%
- Axcel Hospitality (Inverness) Limited 100%
- Axcel Hospitality (Gatwick) Limited 100%
- Axcel Hospitality (Bath) Limited 100%
- Axcel Hospitality (Edinburgh) Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PATEL, Shamir | Director | 2010-03-29 | Jul 1970 | British |
| PATEL, Sunil | Director | 2010-03-29 | Feb 1968 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Sunil Patel | Individual | Shares 25–50% | 2017-03-29 | Active |
| Mr Shamir Patel | Individual | Shares 25–50% | 2017-03-29 | Active |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-11 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-12-10 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-12-04 | AA | accounts | Accounts with accounts type group | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-07 | AA | accounts | Accounts with accounts type group | |
| 2023-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-30 | AA | accounts | Accounts with accounts type group | |
| 2022-03-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-11-23 | SH01 | capital | Capital allotment shares | |
| 2021-10-12 | AA | accounts | Accounts with accounts type group | |
| 2021-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-14 | AA | accounts | Accounts with accounts type group | |
| 2020-04-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-03-23 | SH01 | capital | Capital allotment shares | |
| 2020-03-12 | SH02 | capital | Capital alter shares subdivision |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.