LOVETT ENTERPRISES LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2023-12-31
Confirmation statement due
2026-11-07 (in 6mo)
Last made up 2025-10-24
Watchouts
Cash
£10M
-17.4% vs 2023
Net assets
-£7M
-193.2% vs 2023
Employees
648
+41.5% vs 2023
Profit before tax
-£14M
+13.1% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Directors have therefore concluded that it is appropriate to prepare the financial statements on a going concern basis, but material uncertainty which may cast significant doubt over the group's ability to continue as a going concern exists, due to the level of unpaid liabilities and future cashflow requirements.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2023-12-31
| Metric | Trend | 2022-01-02 | 2023-01-01 | 2023-12-31 |
|---|---|---|---|---|
| Turnover | — | £17,391,622 | £22,929,661 | |
| Operating profit | — | -£14,900,935 | -£10,966,265 | |
| Profit before tax | — | -£16,476,099 | -£14,313,010 | |
| Net profit | — | -£16,476,099 | -£14,313,010 | |
| Cash | — | £12,669,721 | £10,463,448 | |
| Total assets less current liabilities | — | £30,868,009 | £17,572,073 | |
| Net assets | — | £7,690,899 | -£7,164,358 | |
| Equity | £3,114,141 | £7,690,899 | -£7,164,358 | |
| Average employees | — | 458 | 648 | |
| Wages | — | £9,593,975 | £11,465,764 | |
| Directors' remuneration | — | £791,484 | £742,023 |
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 → FY2023 · period ending 2023-12-31 vs 2023-01-01
-
Turnover
+31.8%
£17,391,622 £22,929,661
-
Cash
-17.4%
£12,669,721 £10,463,448
-
Net assets
-193.2%
£7,690,899 -£7,164,358
-
Employees
+41.5%
458 648
-
Operating profit
+26.4%
-£14,900,935 -£10,966,265
-
Profit before tax
+13.1%
-£16,476,099 -£14,313,010
-
Wages
+19.5%
£9,593,975 £11,465,764
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 | 2022-01-02 | 2023-01-01 | 2023-12-31 |
|---|---|---|---|---|
| Operating margin | — | -85.7% | -47.8% | |
| Net margin | — | -94.7% | -62.4% | |
| Return on capital employed | — | -48.3% | -62.4% | |
| Current ratio | — | 1.78x | 0.73x | |
| Interest cover | — | -8.93x | -3.03x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Directors have therefore concluded that it is appropriate to prepare the financial statements on a going concern basis, but material uncertainty which may cast significant doubt over the group's ability to continue as a going concern exists, due to the level of unpaid liabilities and future cashflow requirements.”
Group structure
- LOVETT ENTERPRISES LIMITED · parent
- TVG Topco Limited 43%
- Flat Iron Square Limited 43%
- Omeara Limited 43%
- London Venue Group Limited 43%
- Southwark Joint Venture Limited 43%
- Goods Way Limited 22%
- Somers Town Limited 22%
- Lovett Ventures LLC 95%
- Venue Group LLC 43%
- Venue Group Properties LLC 43%
- Venue Group US LLC 43%
- Third Space Hospitality LLC 43%
- Huntsville Venue Group LLC 43%
- Huntsville Venue Group Amphitheater LLC 43%
- Huntsville Venue Group Lumberyard LLC 43%
- Huntsville Venue Group F&B LLC 43%
- DC Venue Group APFT LLC 43%
- Austin Venue Group LLC 43%
- Los Angeles Venue Group LLC 43%
- Los Angeles Venue Group De Ville LLC 43%
- Nashville Venue Group LLC 43%
- Listen to The River LLC 39%
Significant events
- “In April 2023, the Group acquired the Saturn, a venue in Birmingham Alabama, which has also contributed to increased revenues.”
- “In September 2024, the Group undertook a significant restructure. TVG Topco and its subsidiaries, representing the Group's entire interest in the UK market, were sold by Venue Group LLC to Lovett Enterprises for $1, and all intercompany debts between TVG Topco (and subsidiaries) and Venue Group LLC were written off.”
- “On 23 September 2024, a subsidiary of TVG Topco Limited known as Somers Town Limited, that is consolidated as part of the group, entered administration. Following this a CVA was agreed with creditors in January 2025.”
- “On 22 January 2025, a new 100% UK subsidiary was incorporated with share capital of £100 Ordinary shares.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LOVETT, Benjamin Walter David | Director | 2012-10-24 | Sep 1986 | British |
| LOVETT, David Charles | Director | 2016-02-16 | Jul 1949 | British |
| LOVETT, Gregory Charles | Director | 2019-06-10 | Oct 1980 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Benjamin Walter David Lovett | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 48 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-21 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-01-20 | GAZ1 | gazette | Gazette notice compulsory | |
| 2026-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-24 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-06-27 | AA | accounts | Accounts with accounts type group | |
| 2024-12-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-28 | AA | accounts | Accounts with accounts type group | |
| 2023-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-07 | AA | accounts | Accounts with accounts type group | |
| 2022-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-07 | AA | accounts | Accounts with accounts type group | |
| 2021-12-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-11-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-11-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-10-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2020-10-08 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2020-05-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2019-11-11 | CH01 | officers | Change person director company with change date | |
| 2019-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.