CSG COMMERCIAL LIMITED

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

  +3%

  £14,771,486 → £15,215,978

• Cash

  +16.1%

  £904,839 → £1,050,906

• Net assets

  +87.8%

  £9,259,878 → £17,388,549

• Employees

  +12.8%

  196 → 221

• Operating profit

  +18.2%

  -£337,241 → -£275,955

• Profit before tax

  -328.5%

  -£1,028,667 → -£4,408,111

• Wages

  +7.4%

  £5,625,608 → £6,044,090

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group has reported a loss after tax of £3.9m (2023: £1.3m), has net current liabilities of £20.6m (2023: £8.8m) and net assets of £17.1m (2023: £9.3m) at the period end. Based on the Group and Company's forecast and projections, the Directors have a reasonable expectation that the Group and Company will have adequate cash resources and access to sufficient borrowing facilities to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. CSG COMMERCIAL LIMITED · parent
   1. CSG Glasgow Limited 100% · Scotland · Operation of hotel and licenced bar and restaurant
   2. CSG Projects Limited 100% · Scotland · Property development
   3. Devil's Advocate Limited 87.75% · Scotland · Operation of licenced bar and restaurant
   4. Bon V Limited 87.75% · Scotland · Operation of licenced bar and restaurant
   5. Lady Libertine Ltd 87.75% · Scotland · Operation of licenced bar and restaurant
   6. Bacchus&Liber Ltd 87.75% · Scotland · Wine and spirit merchant
   7. El Cartel Mexicana Ltd 87.75% · Scotland · Operation of licenced bar and restaurant
   8. FMLY Limited 100% · Scotland · Provision of building services
   9. Roxburgh's Court Limited 87.75% · Scotland · Operation of licenced bar and restaurant
   10. CSG Hospitality Limited 87.75% · Scotland · Group payroll operator
   11. Love Loan Limited 100% · Scotland · Property development
   12. Love Loan Interiors Limited 100% · Scotland · Dormant

Significant events

• “On 18 December 2024, CSG Commercial Limited sold its interest in Love Loan Limited to CSG Glasgow Limited for £101. On the same date CSG Glasgow Limited was sold to CSG Hotels and Apartments Limited, an entity under common control.”
• “On 3 October 2023 CSG George Street Limited was sold to CSG Investments Limited for £1.”
• “The El Cartel restaurant at Roxburgh's Court was closed in January 2024.”
• “On 29 July 2024, the group refinanced its loan with OakNorth Bank, held within Love Loan Limited, and entered into a Group facility agreement for £26.6m with RBS, an external third-party loan provider.”
• “On 17 December 2024, by way of special resolution, CSG Glasgow Limited capitalised an amount equal to £10,500,000 standing to credit on the company's revaluation reserve, applying this amount in paying up, in full, the issue of 10,500,000 Ordinary shares of £1 each to the company. On the same date, by way of a special resolution supported by a directors' solvency statement, CSG Glasgow Limited reduced its Ordinary share capital from 10,500,001 Ordinary shares of £1 each to 1 Ordinary share of £1 each and applied the amount by which the Ordinary share capital was reduced to its profit and loss reserves.”
• “Also on 17 December 2024, the CSG Glasgow Limited paid a dividend in specie of £7.1m to the company.”
• “On 18 December 2024, the group together with certain related party undertakings entered into a revised Group facility agreement with RBS which provided available facilities of £84.55m.”
• “Also on 18 December 2024, the entire Ordinary share capital of the company's subsidiary Love Loan Limited was transferred to CSG Glasgow Limited, a fellow subsidiary undertaking of the company. On the same day, the share capital of CSG Glasgow Limited was then transferred from the company to CSG Hotels and Apartments Limited, an entity under common control, which became the ultimate parent undertaking of both CSG Glasgow Limited and Love Loan Limited.”

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

Filings

16

last 12 months

Capital events

3

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.