PROVENANCE HOTELS LIMITED

• ⚠

  Material uncertainty over going concern

  The balance sheet shows that liabilities exceed assets by £3,943,067 (2023: £2,795,487) and the company is dependent on its loans and the director's funds for the continuance of normal trading operations. Forecasts, including cash flows, for the period to 31 August 2026 show that the company would be reliant on the continuing support of the director in order to continue in operational existence for a period of 12 months from date of approval of the balance sheet. As the director has pledged not to withdraw any part of his loan account balance to the extent such withdrawal would be detrimental to the financial position of the group the company continues to adopt the going concern basis in preparing the financial statements. The director has also confirmed his commitment to provide continued support for the group.

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

  -5.6%

  £3,481,234 → £3,285,288

• Cash

  -22.2%

  £95,210 → £74,079

  lowest in 4 filed years

• Net assets

  -41.1%

  -£2,795,487 → -£3,943,067

  lowest in 4 filed years

• Employees

  -10.8%

  83 → 74

• Operating profit

  +30.6%

  -£1,120,475 → -£777,056

• Profit before tax

  +16.8%

  -£1,379,814 → -£1,147,580

• Wages

  -11.4%

  £1,392,912 → £1,234,024

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

Standalone (parent only)

Auditor

Lithgow Perkins LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The balance sheet shows that liabilities exceed assets by £3,943,067 (2023: £2,795,487) and the company is dependent on its loans and the director's funds for the continuance of normal trading operations. Forecasts, including cash flows, for the period to 31 August 2026 show that the company would be reliant on the continuing support of the director in order to continue in operational existence for a period of 12 months from date of approval of the balance sheet. As the director has pledged not to withdraw any part of his loan account balance to the extent such withdrawal would be detrimental to the financial position of the group the company continues to adopt the going concern basis in preparing the financial statements. The director has also confirmed his commitment to provide continued support for the group.”

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

Filings

4

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.