WILDES BRANDED HOTELS LIMITED

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

  -11.3%

  £7,894,565 → £7,003,381

• Cash

  +138.3%

  £72,740 → £173,341

• Net assets

  +29%

  £789,616 → £1,018,625

  highest in 4 filed years

• Employees

  -7.5%

  159 → 147

• Operating profit

  -15.1%

  -£1,035,600 → -£1,192,485

• Profit before tax

  +123.1%

  -£1,840,942 → £424,442

• Wages

  -13.2%

  £2,497,854 → £2,168,911

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. WILDES BRANDED HOTELS LIMITED 2018-04-11 → present
2. P WILDES GROUP LIMITED 2016-01-11 → 2018-04-11

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Xeinadin Audit Limited

Audit opinion

Qualified

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. WILDES BRANDED HOTELS LIMITED · parent
   1. Crewe Hotel (Guernsey) Limited 100% · Guernsey
   2. Crewe Hotel Trading Limited 100%
   3. Van Dyk Limited 100%
   4. Bluebell Hotel Limited 100%
   5. Bluebell Event Services Limited 100%
   6. Wildes Inns Limited 100%

Significant events

• “The group turnover topped £7.003m this year, a decrease from £7.895m in 2023. This was due almost entirely to the disposal of the Holiday Inn Hoylake the previous year.”
• “In August 2024 we completed a 10 year lease agreement on the hotel in Crewe with a very attractive income stream. We have therefore terminated our agreement with IHG; the hotel will now operate under the OYO brand, the hotels new tenants.”
• “Gross profit of 43.7% (45.1% in 2023). This decrease can be attributed partially to the legacy impact of the group honouring prices for events initially booked during the Covid-19 Pandemic Lockdowns and were postponed until this year.”
• “Operating Loss of 17.0% (13.1% in 2023). This is as a result of the falling margins as detailed above, on top of the drop in revenue caused by the group disposing of one of it's previous 3 trading hotels during the 2023 year end.”
• “Profit Before Tax of 6.2% (23.3% loss in 2023). This years results have been helped by profits made on the disposal of subsidiary companies in the year.”
• “On 15 August 2023, a business transfer agreement was carried out from the existing subsidiary, Van Dyk By Wildes Limited, to a new subsidiary, Bluebell Hotel Limited (formerly Van Dyk By Wildes Trading Limited). Bluebell Hotel Limited is a company formed on 6 March 2023 and is 100% owned by Van Dyk Limited. Prior to this business transfer Bluebell Hotel Limited remained dormant. Following the business transfer, 100% of the share capital of Van Dyk By Wildes Limited, including any remaining outstanding creditors, was sold in it's entirety on 18 August 2023 for consideration of £1. Included in these financial statements are profits of £3.832,334 arising from the company's interest in Van Dyk By Wildes Limited up to the date of the disposal.”
• “On 18 August 2023, the group also disposed of its 100% holding in Van Dyk Country House Hotel Limited for nil consideration. Included in these financial statements are profits of £2,815 arising from the company's interest in Van Dyk Country House Hotel Limited up to the date of the disposal.”

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

Filings

7

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.