SAFESTAY PLC
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Cash
£2.7m
+91.7% highest in 3 filed years
Net assets
£14m
-48.7% lowest in 3 filed years
Employees
305
-3.8% vs 2024
Profit before tax
-£10m
-1,049.8% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-07-29.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £21,493,000 | £23,009,000 | £20,586,000 | -10.5% | |
| Operating profit | £2,416,000 | £756,000 | -£6,933,000 | -1,017.1% | |
| Profit before tax | -£757,000 | -£875,000 | -£10,061,000 | -1,049.8% | |
| Net profit | — | — | -£10,054,000 | — | |
| Cash | £1,998,000 | £1,430,000 | £2,742,000 | +91.7% | |
| Total assets less current liabilities | £86,287,000 | £80,597,000 | £67,526,000 | -16.2% | |
| Net assets | £32,324,000 | £28,115,000 | £14,425,000 | -48.7% | |
| Equity | £32,324,000 | £28,115,000 | £14,425,000 | -48.7% | |
| Average employees | 283 | 317 | 305 | -3.8% | |
| Wages | £6,073,000 | £6,596,000 | £7,169,000 | +8.7% | |
| Directors' remuneration | £446,000 | £493,000 | £543,000 | +10.1% |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 11.2% | 3.3% | -33.7% | |
| Net margin | — | — | -48.8% | |
| Return on capital employed | 2.8% | 0.9% | -10.3% | |
| Gearing (liabilities / total assets) | 65.5% | 69.3% | 80.9% | |
| Current ratio | 0.61x | 0.24x | 0.55x | |
| Interest cover | 0.70x | 0.22x | -2.22x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As part of their going concern assessment, the Directors have prepared forecasts for a minimum period of twelve months from the date of approval of the financial statements. Accordingly, the Directors have concluded that it is appropriate to prepare these financial statements on a going concern basis.”
Group structure
- SAFESTAY PLC · parent
- WXY22 Limited 100%
- Safestay (York) Limited 100%
- Safestay (Edinburgh) Limited 100%
- Safestay (HP) Limited 100%
- Safestay Hostels Madrid SL 100%
- Safestay France SAS 100%
- Safestay Española S.L. 100%
- Equity Point Lisboa Unipessoal Lda. 100%
- Equity Point Prague, s.r.o 100%
- GELS BVBA 100%
- SSB Safestay Deutshcland GmbH 100%
- Safestay Italia Srl 100%
- Safestay Athens Hostel 100%
- Dream Hostel SK sro 100%
- Dream Hostel SP zoo 100%
- Safestay Hungary KFT 100%
- Safestay (York) Hostel Ltd 100%
- H. Auberges Juveniles S.I. 100%
- Arcadie SA 100%
- Safestay Hostel GmbH 100%
- Hotel Auberge GmbH 100%
- Hpisa srl 100%
Significant events
- “In June 2025, we signed a 12-year lease for a new 300-bed hostel in Naples, which commenced operations in Q1 2026 and is expected to be fully operational for summer 2026.”
- “Approval of the sale and leaseback of the Brighton property to strengthen liquidity and optimise capital structure.”
- “Approval of portfolio changes including the addition of a new site in Naples and the disposal of the Edinburgh property.”
- “In May 2026, the Group exchanged contract for the sale of its Glasgow freehold property for £5.1 million.”
- “On 5 June 2026, Safestay plc announced that its Berlin Kurfürstendamm property, operated through Hotel Auberge GmbH, will be closed and the subsidiary liquidated.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SALAS DUAL, Carlos | Secretary | 2025-06-30 | — | — |
| CUMMINS, Paul David | Director | 2018-09-13 | Nov 1965 | British |
| HIRST OBE, Michael Barry | Director | 2017-05-04 | Jul 1943 | British |
| LIPMAN, Larry Glenn | Director | 2014-01-29 | Sep 1956 | British |
| SALAS DUAL, Carlos | Director | 2025-06-30 | Feb 1978 | Spanish |
| WHIDDETT, Sarah Katie | Director | 2023-03-20 | Apr 1985 | British |
| ZIELKE, Peter | Director | 2023-02-01 | Jul 1969 | German |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEVERIDGE, David Mark Andrew | Secretary | 2016-04-11 | 2017-10-09 |
| DELIGNY, Herve Olivier Arnaud | Secretary | 2018-08-14 | 2021-05-21 |
| HARVEY, Peter James | Secretary | 2021-05-21 | 2022-02-21 |
| HINGSTON, Paul | Secretary | 2022-02-21 | 2025-06-27 |
| SEGAL, Sharon Natalie | Secretary | 2017-10-09 | 2018-07-31 |
| STONE, Colin Michael | Secretary | 2014-01-29 | 2015-11-13 |
| CHAN, Anson | Director | 2017-12-06 | 2022-10-18 |
| DELIGNY, Herve Olivier Arnaud | Director | 2018-08-14 | 2021-05-28 |
| HARVEY, Peter James | Director | 2021-05-21 | 2022-02-21 |
| HINGSTON, Paul | Director | 2022-02-21 | 2025-06-27 |
| HOUGHTON, Philip James | Director | 2015-06-03 | 2016-12-31 |
| MOSS, Stephen David | Director | 2014-03-19 | 2024-03-29 |
| SACRAMENTO, Nuno | Director | 2017-05-04 | 2022-06-17 |
| SEGAL, Sharon Natalie | Director | 2017-10-09 | 2018-08-14 |
| STONE, Colin Michael | Director | 2014-01-29 | 2015-11-13 |
| WEIMAR, Peter | Director | 2023-02-01 | 2023-03-16 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 103 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-11 | AA | accounts | Accounts with accounts type group | |
| 2025-10-23 | CH01 | officers | Change person director company with change date | |
| 2025-10-23 | CH03 | officers | Change person secretary company with change date | |
| 2025-10-23 | CH01 | officers | Change person director company with change date | |
| 2025-10-23 | CH03 | officers | Change person secretary company with change date | |
| 2025-10-09 | CH01 | officers | Change person director company with change date | |
| 2025-10-09 | CH03 | officers | Change person secretary company with change date | |
| 2025-10-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-27 | AA | accounts | Accounts with accounts type group | |
| 2024-08-24 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-05 | AA | accounts | Accounts with accounts type group | |
| 2024-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- 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.