INTERNATIONAL CONVENTION CENTRE WALES 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

  +14.9%

  £10,571,605 → £12,149,695

• Cash

  +48.3%

  £3,377,590 → £5,010,503

• Net assets

  +70.6%

  £25,106,478 → £42,820,449

• Employees

  —

  Not reported

• Operating profit

  +58.7%

  -£1,668,818 → -£689,447

• Profit before tax

  +88.6%

  -£24,621,735 → -£2,814,449

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.

1. INTERNATIONAL CONVENTION CENTRE WALES LIMITED 2017-03-24 → present
2. WALES INTERNATIONAL CONVENTION CENTRE LIMITED 2016-12-21 → 2017-03-24
3. CELTIC MANOR 2014 LIMITED 2014-01-02 → 2016-12-21

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Kilsby & Williams LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In the year to 31 December 2025 the company has made a loss of £2.8m. The directors have therefore had to consider the appropriateness of the going concern basis. The directors consider it is appropriate to prepare the accounts on a going concern basis in view of the matters explained below: - The company is a new business that launched in September 2019. It was still in its growth stage when it was heavily impacted by The Covid-19 pandemic. The shareholders remain fully supportive of the company. The directors have prepared detailed forecasts for the 24 months from the date of signing, which if achieved, show that the company will be able to meet its financial obligations as they fall due. The directors believe that, the company has sufficient financial resources to continue operating for at least the next 12 months from the date of approval of these financial statements. As a result, the directors are of the opinion that the going concern basis remains appropriate.”

Significant events

• “During the year, both shareholders invested £10m each in the form of equity. £17m of this was used to reduce the bank debt with the remaining £3m used to support working capital.”
• “The 2024 loss included a £20m impairment of tangible fixed assets.”
• “The company is a new business that launched in September 2019. It was still in its growth stage when it was heavily impacted by The Covid-19 pandemic. The shareholders remain fully supportive of the company.”

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

Filings

6

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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