PROVENANCE HOTELS LIMITED
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Cash
£43K
-42.2% lowest in 5 filed years
Net assets
-£4.8M
-22.5% lowest in 5 filed years
Employees
66
-10.8% vs 2024
Profit before tax
-£888K
+22.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The balance sheet shows that liabilities exceed assets by £4,830,965 (2024: £3,943,067) and the company is dependent on its loans and the director's funds for the continuance of normal trading operations. Forecasts, including cash flows, for the period to 31 August 2027 show that the company would be reliant on the continuing support of the director in order to continue in operational existence for a period of 12 months from date of approval of the balance sheet. As the director has pledged not to withdraw any part of his loan account balance to the extent such withdrawal would be detrimental to the financial position of the group the company continues to adopt the going concern basis in preparing the financial statements. The director has also confirmed his commitment to provide continued support for the group.
-
Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-08-24
| Metric | Trend | 2021-08-29 | 2022-08-28 | 2023-08-27 | 2024-08-24 | 2025-08-24 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £2,207,549 | £3,643,746 | £3,481,234 | £3,285,288 | £3,252,461 | -1% | |
| Operating profit | -£60,915 | -£274,439 | -£1,120,475 | -£777,056 | -£573,739 | +26.2% | |
| Profit before tax | -£105,280 | -£405,336 | -£1,379,814 | -£1,147,580 | -£887,898 | +22.6% | |
| Net profit | -£105,280 | -£405,336 | -£1,379,814 | -£1,147,580 | -£887,898 | +22.6% | |
| Cash | £138,751 | £78,667 | £95,210 | £74,079 | £42,827 | -42.2% | |
| Total assets less current liabilities | -£1,010,337 | -£664,160 | -£2,027,320 | -£3,943,067 | -£4,830,965 | -22.5% | |
| Net assets | -£1,010,337 | -£1,415,673 | -£2,795,487 | -£3,943,067 | -£4,830,965 | -22.5% | |
| Equity | -£1,010,337 | -£1,415,673 | -£2,795,487 | -£3,943,067 | -£4,830,965 | -22.5% | |
| Average employees | 56 | 74 | 83 | 74 | 66 | -10.8% | |
| Wages | £906,952 | £1,218,412 | £1,392,912 | £1,234,024 | £1,173,468 | -4.9% | |
| 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. 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 | 2021-08-29 | 2022-08-28 | 2023-08-27 | 2024-08-24 | 2025-08-24 |
|---|---|---|---|---|---|---|
| Operating margin | -2.8% | -7.5% | -32.2% | -23.7% | -17.6% | |
| Net margin | -4.8% | -11.1% | -39.6% | -34.9% | -27.3% | |
| Gearing (liabilities / total assets) | — | — | — | 128.5% | 135.7% | |
| Current ratio | — | — | 0.02x | 0.02x | 0.01x | |
| Interest cover | -1.32x | -2.10x | -4.32x | -2.10x | -1.83x |
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
- Standalone (parent only)
- Auditor
- Lithgow Perkins LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The balance sheet shows that liabilities exceed assets by £4,830,965 (2024: £3,943,067) and the company is dependent on its loans and the director's funds for the continuance of normal trading operations. Forecasts, including cash flows, for the period to 31 August 2027 show that the company would be reliant on the continuing support of the director in order to continue in operational existence for a period of 12 months from date of approval of the balance sheet. As the director has pledged not to withdraw any part of his loan account balance to the extent such withdrawal would be detrimental to the financial position of the group the company continues to adopt the going concern basis in preparing the financial statements. The director has also confirmed his commitment to provide continued support for the group.”
Significant events
- “The company is in the process of selling a property after the date of the balance sheet, which represents the sale of significant business asset. This will resulted in a significant cash inflow and a similar reduction in tangible fixed assets. The business has conducted a review of unprofitable sites in line with its ongoing strategic aims and the sale of this site should improve cash flow and profitability going forward.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BLUNDELL, Christopher James | Director | 2014-04-25 | Dec 1955 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| IBBOTSON, Michael David | Director | 2014-04-25 | 2017-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Provenance Hospitality Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 40 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-29 | AA | accounts | Accounts with accounts type full | |
| 2026-05-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-29 | AA | accounts | Accounts with accounts type full | |
| 2025-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-06 | AA | accounts | Accounts with accounts type medium | |
| 2024-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-05-26 | AA | accounts | Accounts with accounts type full | |
| 2023-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-08 | AA | accounts | Accounts with accounts type full | |
| 2022-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-01 | AA | accounts | Accounts with accounts type full | |
| 2021-05-24 | AA01 | accounts | Change account reference date company previous shortened | |
| 2021-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-02 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.