PROVENANCE HOSPITALITY HOLDINGS LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.4 of the financial statements, which outlines the current challenges facing the company. It also indicates that the company's liabilities significantly exceed its assets and the company is dependent on the ongoing support of its director, who has indicated his continuing support. These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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

  -1.2%

  £7,243,645 → £7,156,088

• Cash

  -23.2%

  £259,996 → £199,715

• Net assets

  -75.7%

  -£3,627,705 → -£6,372,418

• Employees

  -7.4%

  204 → 189

• Operating profit

  +17.3%

  -£1,932,926 → -£1,598,553

• Profit before tax

  +0.3%

  -£2,753,926 → -£2,744,713

• Wages

  -6.8%

  £3,646,686 → £3,400,044

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. PROVENANCE HOSPITALITY HOLDINGS LIMITED 2014-05-09 → present
2. PROVENANCE LEISURE HOLDINGS LIMITED 2014-04-25 → 2014-05-09

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Lithgow Perkins LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1.4 of the financial statements, which outlines the current challenges facing the company. It also indicates that the company's liabilities significantly exceed its assets and the company is dependent on the ongoing support of its director, who has indicated his continuing support. These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. PROVENANCE HOSPITALITY HOLDINGS LIMITED · parent
   1. Provenance Inns Limited 100% · England and Wales
   2. Provenance Hotels Limited 100% · England and Wales

Significant events

• “Turnover for the group decreased by 1% compared to the previous year, primarily as a result of reduced trading days at one site.”
• “Gross profit increased by 12%, driven by improved cost control and efficiencies in operational processes.”
• “Operational trading losses were reduced by 17% due to lower administrative expenses, although interest charges rose by 40%.”

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

Filings

3

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.