PANDOX TOWER BRIDGE LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -1.9%

  £6,987,166 → £6,851,616

• Cash

  +2.9%

  £1,804,744 → £1,857,874

• Net assets

  +27.6%

  -£10,144,487 → -£7,340,385

• Employees

  -19.4%

  31 → 25

• Operating profit

  -4.1%

  £2,125,261 → £2,037,152

• Profit before tax

  -2.4%

  -£2,281,764 → -£2,336,908

• Wages

  -7.1%

  £960,707 → £892,562

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. PANDOX TOWER BRIDGE LIMITED 2024-08-29 → present
2. SOF-10 SOUTH POINT SUITES LIMITED 2017-11-13 → 2024-08-29
3. SOF-10 STARLIGHT 10 OPERATIONS LIMITED 2014-11-07 → 2017-11-13

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company is now partly funded by loans from other Pandox AB group companies which are required to be repaid in full by the 28 August 2029. The directors have considered the forecasts prepared and consider that with parent company support, which the parent has committed to provide, the company will continue to trade for a period of at least 12 months from the signing of the accounts. Accordingly, the financial statements are prepared on a going concern basis.”

Significant events

• “The company passed a special resolution on 20 November 2024 changing its name from SOF-10 South Point Suites Limited to Pandox Tower Bridge Limited.”
• “The company was acquired by Pandox AB on the 28 August 2024. Upon completion of the sale the external bank debt was paid in full along with the repayment of the intercompany debt and loan notes.”
• “The acquisition included both the hotel property and the hotel operations operated as an independent brand under a new management agreement with Axiom Hospitality.”
• “During the year prior to the acquisition of the company by Pandox AB there were a number of pre existing intercompany loans totalling an amount of £5,000,000 which had been forgiven and reclassed as capital contributions within equity.”
• “The parent company Pandox UK Holdco 2 Limited entered into a loan facility agreement on the 22 August 2024 to borrow £115million and the company is an obligor and guarantor under the terms of the loan agreement.”

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

Filings

10

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.