GAINFORD HOTELS LIMITED

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

  +2.5%

  £21,919,673 → £22,474,156

  highest in 3 filed years

• Cash

  -49%

  £3,240,570 → £1,652,552

  lowest in 4 filed years

• Net assets

  +6%

  £61,483,635 → £65,178,764

  highest in 4 filed years

• Employees

  -6.3%

  511 → 479

• Operating profit

  +16.6%

  £3,543,241 → £4,130,077

  highest in 3 filed years

• Profit before tax

  +17.5%

  £3,515,344 → £4,130,977

  highest in 4 filed years

• Wages

  +0.2%

  £6,874,999 → £6,886,371

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

Consolidated group

Auditor

Robson Laidler Accountants Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The director of Gainford Hotels Limited considers that he has acted in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole (having regard to the stakeholders and matters set out in s172 (1)(a-f) of the act) in the decisions taken during the year ended 31 December 2024. In preparing these financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so. In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Significant events

• “The year 2024 marks 14 years of successful trading in the hospitality sector. Building on this strong foundation, the Group has expanded its strategic vision with the acquisition of Milburn House a landmark property in heart of Newcastle city center having covered area 147,000sqf. This move signifies the Group's entry into commercial real estate management, reinforcing its commitment to diversification and long-term growth. Milburn House offers premium office spaces with a full office facilities and services, alongside flexible meeting areas designed to meet the evolving needs of modern businesses.”
• “revenue declined slightly to £21.9 million in 2023 and remained relatively stable in 2024 at £22.4 million. This plateau reflects ongoing challenges in the hospitality industry, including reduced event activity, lower tourism volumes, and more cautious consumer spending in the leisure and entertainment segments.”
• “The Company achieved an improved Net Profit Before Tax (NPBT) margin of 18.4% in 2024, up from 16.0% in 2023. This improved profitability is largely the result of diversified revenue strategies, rigorous cost management, and operational efficiencies.”
• “The company operates in a service sector which is largely dependent upon individuals' surplus disposable income. The company manages this risk by entering into contracts which can guarantee occupancy at their hotels, by developing the wedding function/conference side of the business and by strong marketing to specific groups of individuals with greater disposable income.”
• “The market and geographical locations within which the company operates are without doubt very competitive. The company faces pressure both from large leisure chains and also local boutique brands. The company manages this risk by continually seeking to enhance the service it offers, by providing quality product and services, by maintaining strong relationships with key customers and contacts and close monitoring over suppliers.”
• “The company's purchasing activities could expose it to over reliance on certain suppliers and inflationary pricing pressure. The company manages this risk ensuring there is enough depth in its supplier base and by seeking to find alternative suppliers where necessary.”
• “Loss of key personnel would represent significant operational difficulties for the company. Management seeks to ensure that key personnel are remunerated to ensure good performance is recognised. The group has a strong financial and operational team in place.”
• “All businesses are highly insured, should an outlet be lost or damaged by a major fire. The company also insures against the loss of profits and payment of payroll to protect financially in the unlikely event an outlet should be totally lost to fire.”
• “A key component of the company's investment strategy is the £200 million mixed-use development at the historically acquired Newbridge Street site in Newcastle city centre. The project includes a 190-unit residential tower, a 200-bed hotel, commercial office space, and a public realm with restaurants, bars, and fitness facilities, aimed at contributing to the area's regeneration.”

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.