PANDOX BASE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-21 (in 6mo)
Last made up 2025-11-07
Watchouts
None on the register
Cash
£12M
Latest balance sheet
Net assets
£3M
Equity attributable
Employees
0
Average over period
Profit before tax
£9M
Period ending 2024-12-31
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £350,735 | £612,460 | |
| Operating profit | -£830,909 | -£412,298 | |
| Profit before tax | -£4,856,625 | £9,358,425 | |
| Net profit | -£3,903,530 | £6,426,886 | |
| Cash | £7,223,267 | £12,165,712 | |
| Total assets less current liabilities | £632,622,979 | £633,326,927 | |
| Net assets | -£3,883,859 | £2,543,027 | |
| Equity | -£3,883,859 | £2,543,027 | |
| Average employees | — | 0 | |
| Wages | — | — | |
| Directors' remuneration | — | — |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | — | -67.3% | |
| Return on capital employed | -0.1% | -0.1% | |
| Gearing (liabilities / total assets) | 100.6% | 99.6% | |
| Current ratio | 0.58x | 0.66x | |
| Interest cover | -0.02x | -0.01x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- PANDOX BASE LIMITED 2023-02-01 → present
- PANDOX BRISTOL OPCO LIMITED 2022-11-08 → 2023-02-01
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company is wholly reliant, for the foreseeable future, on the continued financial support from its ultimate parent company, Pandox AB, in order to meet its obligations as and when they fall due. Whilst the letter of support is not legally binding the Board of Directors believe that the company will be provided financial support from Pandox AB in order for the company to meet its obligations as and when they fall due until at least 31 December 2026. Therefore on the basis of the above, the Directors have approved the financial statements utilising the going concern basis of preparation.”
Group structure
- PANDOX BASE LIMITED · parent
- Pandox Birmingham Propco Ltd 100%
- Pandox Bradford Propco B V 100%
- Pandox Brighton Propco B V 100%
- Pandox Cardiff Propco B V 100%
- Pandox Cheltenham Propco B V 100%
- Pandox East Midlands Propco B V 100%
- Pandox Glasgow Propco Ltd 100%
- Pandox Leeds Propco B V 100%
- Pandox Croydon Propco B V 100%
- Pandox Oxford Propco B V 100%
- Pandox Hinkley Propco B V 100%
- Pandox Inverness Propco B V 100%
- Pandox Manchester Propco Ltd 100%
- Pandox Middlesbrough Propco B V 100%
- Pandox Sheffield Propco B V 100%
- Pandox Swindon Propco B V 100%
- Pandox Heathrow Propco Ltd 100%
- Pandox UK Opco Ltd 100%
- Pandox Investment Management DAC 100%
- Vesway DAC 100%
- Pandox Group DAC 100%
Significant events
- “On the 23rd October 2024, £20,316,000 of an existing loan with Pandox Swindon Propco B V, was converted into equity as a share premium contribution, reducing the outstanding loan balance to £5,871,764.55.”
- “On the 24th February 2023 Pandox Group refinanced the facility in place with Bank of America Meryl Lynch which was obtained in 2017 to fund the original acquisition of the Leonardo Hotels portfolio. As part of the refinancing arrangment the company acquired a number of subsidianes from the previous shareholder Pandox Holdco BV.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CLS (UK) LIMITED | Corporate Secretary | 2022-11-08 | — | — |
| ADRIAANSE, Wenda Margaretha | Director | 2022-11-08 | Jun 1971 | Dutch |
| LINDBLOM, Anneli Elisabet | Director | 2022-11-08 | Nov 1967 | Swedish |
| TORNER, Soren Jonas | Director | 2022-11-08 | Aug 1971 | Swedish |
| WILLIAMS, Bobby Lee | Director | 2023-01-25 | Apr 1984 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JAFFE, Daniel Marc Richard | Director | 2022-11-08 | 2023-01-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pandox Peak Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-02-20 | Active |
| Pandox Uk Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-11-08 | Ceased 2023-02-20 |
Filing timeline
Last 20 of 33 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-06 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-30 | CH01 | officers | Change person director company with change date | |
| 2025-10-30 | CH01 | officers | Change person director company with change date | |
| 2025-09-19 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-09-18 | CH01 | officers | Change person director company with change date | |
| 2025-09-17 | CH01 | officers | Change person director company with change date | |
| 2025-08-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-08-14 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-07-16 | AA | accounts | Accounts with accounts type full | |
| 2025-02-05 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-11-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-07 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 0
- 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.