FALMOUTH HOTEL (1865) LTD

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  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

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

TC Group

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. ... The Directors have also received a formal letter of support from The Greenbank Hotel Limited confirming that it will providing full ongoing financial support. Based on the strong forward bookings, the positive trading results in the current year, and the formal support from the parent company, the Directors are 100% confident that the company will have sufficient resources to meet all liabilities as they fall due. Therefore, they continue to adopt the going concern basis of accounting.”

Significant events

• “Following its acquisition by the Cornwall Hotel Collection 'CHC' in May 2024, its principal activity remains the operation of this full-service hotel...”
• “We immediately introduced several key operational changes. This included the introduction of new IT & EPOS, and revenue management systems, alongside new menus.”
• “We completed a full redesign and refit of the public areas, including all new furniture. These refurbishments have been well-received by customers and are reflected in a subsequent uplift in revenue. Overall, this represents £185k of additions to Fixtures and Fittings.”
• “Upon acquisition, the asset was in a poor state of superficial repair, resulting from a previous culture of deferred maintenance. We initiated an accelerated programme of routine maintenance to address this. Extensive repairs were undertaken, including scaffolding the entire building for a full redecoration, roof repairs, and improvements to the car park and grounds. In total, £815k was spent on repairs and maintenance in the period, which included £692k on hotel refurbishment costs.”

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

Filings

13

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.