CALEDONIA TLG BIDCO LIMITED
Acting as a holding company for the Butcombe Group, formerly known as The Liberation Group, the entity consolidates the operations of managed and tenanted pubs alongside a brewing and drinks division across the UK and the Channel Islands.
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Cash
£9M
Latest balance sheet
Net assets
£136M
lowest in 3 filed years
Employees
1,794
lowest in 3 filed years
Profit before tax
-£5.8M
Period ending 2026-01-31
Net assets
3-year trend · vs Unclassified median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-01-31
| Metric | Trend | 2024-01-27 | 2025-01-25 | 2026-01-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £144,369,000 | £149,003,000 | £154,136,000 | — | |
| Operating profit | -£4,556,000 | -£4,630,000 | -£1,796,000 | — | |
| Profit before tax | -£8,707,000 | -£8,862,000 | -£5,766,000 | — | |
| Net profit | -£7,878,000 | -£9,840,000 | -£6,291,000 | — | |
| Cash | £6,836,000 | £9,292,000 | £9,021,000 | — | |
| Total assets less current liabilities | £196,686,000 | £186,956,000 | £137,369,000 | — | |
| Net assets | £152,126,000 | £142,286,000 | £135,995,000 | — | |
| Equity | £152,126,000 | £142,286,000 | £135,995,000 | — | |
| Average employees | 1,808 | 1,855 | 1,794 | — | |
| Wages | £38,761,000 | £41,499,000 | £43,655,000 | — | |
| Directors' remuneration | £648,000 | £643,000 | £681,000 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 12 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-01-27 | 2025-01-25 | 2026-01-31 |
|---|---|---|---|---|
| Operating margin | -3.2% | -3.1% | -1.2% | |
| Net margin | -5.5% | -6.6% | -4.1% | |
| Return on capital employed | -2.3% | -2.5% | -1.3% | |
| Current ratio | 1.18x | 1.17x | 0.44x | |
| Interest cover | -1.10x | -1.13x | -0.45x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Group or the Company or to cease their operations, and as they have concluded that the Group and the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over their ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”
Group structure
- CALEDONIA TLG BIDCO LIMITED · parent
- The Liberation Group Limited 100%
- Butcombe Brewing Company Limited
- A E Smith & Son Limited
- Cirrus Inns Limited
Significant events
- “Refinancing of banking facility increasing term debt to £67.5m and extending maturity to 2030.”
- “Disposal of one freehold property for gross proceeds of £920,000 post period end.”
- “Brewing and Drinks business achieved 5% YoY sales growth and 3% improvement in EBITDA, with Goram IPA Zero category up 63% for the year.”
- “Managed pubs delivered LFL growth of 8.0%, including drink at 10.1%, food at 6.5% and accommodation at 5.3%.”
- “London managed pubs saw 11.6% LFL sales growth, leading to confidence to more than double the size of The Brown Cow in Fulham.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOPE, Simon Richard | Director | 2020-03-06 | Dec 1969 | British |
| LAWSON, Jonathan Robert | Director | 2019-01-21 | Feb 1971 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CROWTHER, Mark Nicholas | Director | 2016-09-08 | 2018-10-16 |
| DENISON, Graeme Philip | Director | 2016-06-22 | 2016-09-08 |
| GRAINGER, Richard Stuart | Director | 2018-10-16 | 2021-02-24 |
| HEARNE, Declan Patrick | Director | 2016-09-08 | 2018-05-16 |
| HUBERT, Timothy | Director | 2018-09-21 | 2021-02-24 |
| JOHNSON, Duncan Edward | Director | 2016-06-22 | 2016-09-08 |
| LEWIS, Timothy Richard Gwynne | Director | 2016-08-04 | 2017-05-16 |
| OSBORNE, Nigel Richard | Director | 2018-10-08 | 2020-01-17 |
| WILKINSON, Steve | Director | 2018-05-16 | 2018-09-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Caledonia Tlg Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-06-21 | Active |
Filing timeline
Last 20 of 63 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-09 | AA | accounts | Accounts with accounts type group | |
| 2026-04-01 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-04-01 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-01 | CAP-SS | insolvency | Legacy | |
| 2026-04-01 | SH20 | capital | Legacy | |
| 2026-03-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-17 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-23 | AA | accounts | Accounts with accounts type group | |
| 2024-07-20 | AA | accounts | Accounts with accounts type group | |
| 2024-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type group | |
| 2023-06-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-08 | SH01 | capital | Capital allotment shares | |
| 2023-01-17 | SH01 | capital | Capital allotment shares | |
| 2022-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.