PANDOX BELFAST LIMITED
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Cash
£2m
+211.5% highest in 3 filed years
Net assets
£15m
+18.1% highest in 3 filed years
Employees
147
+2.8% highest in 3 filed years
Profit before tax
£2.6m
+41% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
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 for the foreseeable future. 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 31 December 2027.
-
Going-concern uncertainty disclosed
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 | £11,512,804 | £12,137,725 | £12,130,398 | -0.1% | |
| Operating profit | £2,472,277 | £2,639,622 | £3,217,080 | +21.9% | |
| Profit before tax | £1,338,029 | £1,871,622 | £2,639,055 | +41% | |
| Net profit | £832,027 | £2,657,452 | £2,258,548 | -15% | |
| Cash | £1,295,875 | £632,756 | £1,970,724 | +211.5% | |
| Total assets less current liabilities | £26,907,877 | £23,774,914 | £27,560,371 | +15.9% | |
| Net assets | £10,256,285 | £12,448,272 | £14,706,820 | +18.1% | |
| Equity | £10,256,285 | £12,448,272 | £14,706,820 | +18.1% | |
| Average employees | 143 | 143 | 147 | +2.8% | |
| Wages | £2,348,740 | £2,513,716 | £2,630,040 | +4.6% | |
| Directors' remuneration | — | £0 | £0 | — |
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 | 21.5% | 21.7% | 26.5% | |
| Net margin | 7.2% | 21.9% | 18.6% | |
| Return on capital employed | 9.2% | 11.1% | 11.7% | |
| Current ratio | 0.80x | 0.31x | 1.64x | |
| Interest cover | 1.95x | 3.44x | 5.57x |
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.
Name history
Renamed 4 times since incorporation
- PANDOX BELFAST LIMITED 2023-09-06 → present
- DRAGONGLASS BELFAST LIMITED 2018-03-02 → 2023-09-06
- BELFAST HILTON LIMITED 1997-12-18 → 2018-03-02
- LAGANBANK HOTEL LIMITED 1994-09-05 → 1997-12-18
- WINDROSE LIMITED 1993-11-19 → 1994-09-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“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 for the foreseeable future. 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 31 December 2027.”
Significant events
- “There is a fixed and floating charge over the Company's assets in relation to group financing arrangements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 48 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CLS (UK) LIMITED | Corporate Secretary | 2023-07-19 | — | — |
| ADRIAANSE, Wenda Margaretha | Director | 2023-07-19 | Jun 1971 | Dutch |
| LINDBLOM, Anneli Elisabet | Director | 2023-07-19 | Nov 1967 | Swedish |
| TORNER, Soren Jonas | Director | 2023-07-19 | Aug 1971 | Swedish |
| WILLIAMS, Bobby Lee | Director | 2023-07-19 | Apr 1984 | British |
Show 48 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LIVESEY, Jane | Secretary | 1993-11-19 | 2006-02-23 |
| MOREY, Thomas Charles | Secretary | 2016-10-11 | 2018-02-22 |
| WILSON, Brian | Secretary | 2006-02-23 | 2007-10-31 |
| HLT SECRETARY LIMITED | Corporate Secretary | 2007-10-31 | 2016-10-11 |
| LONDON REGISTRARS LTD | Corporate Secretary | 2018-02-22 | 2023-06-01 |
| MSP CORPORATE SERVICES LIMITED | Corporate Secretary | 2023-06-01 | 2023-07-19 |
| ADAMS, Phillip Arthur Leonard | Director | 1993-11-19 | 1999-06-29 |
| ALLALI, Larbi | Director | 2001-04-02 | 2004-03-30 |
| BEASLEY, Stuart | Director | 2014-06-16 | 2016-10-11 |
| BOYD, Francis Edward | Director | 2002-06-27 | 2010-02-26 |
| BRADLEY, Adrian Paul | Director | 2008-12-04 | 2009-02-01 |
| BROUGHTON, Sarah | Director | 2018-02-22 | 2020-11-18 |
| BYRNE, Philip Patrick | Director | 1998-12-08 | 2001-12-31 |
| CHADWICK, Nicholas Mark | Director | 2018-02-22 | 2023-07-19 |
| CLOSE, Steven | Director | 1999-09-06 | 2010-04-08 |
| CREIGHTON, David Andrew | Director | 2009-01-01 | 2010-02-26 |
| DELL'ORTO, Sean Michael | Director | 2016-10-11 | 2018-02-22 |
| ELLIOTT, Stephen Edward | Director | 1999-09-06 | 2001-04-02 |
| FRIEDMAN, Howard | Director | 2005-07-01 | 2007-01-10 |
| GEORGE, Robert | Director | 2000-04-27 | 2001-04-02 |
| GILLIGAN, Barry Christopher | Director | 1993-11-19 | 2001-12-31 |
| GOSLING, Peter Charles | Director | 1993-11-19 | 2000-04-27 |
| HARRIS, Anthony Richard | Director | 1999-06-26 | 2000-07-25 |
| HEARN, Grant David | Director | 2000-07-25 | 2003-01-31 |
| HUGHES, Andrew Lawrence | Director | 2009-02-01 | 2010-12-31 |
| JAGERSBACHER, Rudi | Director | 1993-11-19 | 1999-09-06 |
| KENNY, Timothy | Director | 2001-12-31 | 2002-06-27 |
| LIFSCHITZ, Oded | Director | 2012-09-17 | 2016-10-11 |
| MCCRACKEN, John David | Director | 1993-11-19 | 2005-06-23 |
| MOREY, Thomas Charles | Director | 2018-01-31 | 2018-02-22 |
| MUHLE, Dagmar | Director | 1998-12-31 | 2000-12-07 |
| MULLAN, Matthew Terence | Director | 2000-12-07 | 2002-10-09 |
| NEUMANN, Wolfgang | Director | 2003-01-31 | 2005-07-01 |
| PERCIVAL, James Owen | Director | 2011-07-01 | 2016-10-11 |
| PHILIP, John Crosbie | Director | 2005-03-11 | 2011-07-29 |
| RABIN, Elizabeth Jane | Director | 2010-03-01 | 2014-06-16 |
| REDDIE, William James | Director | 2001-04-02 | 2008-12-04 |
| REID, Nicholas Emlyn Peter | Director | 2008-09-01 | 2010-02-26 |
| ROBINSON, Justin Bruce | Director | 2008-12-04 | 2010-05-24 |
| ROGERS, John | Director | 2011-07-29 | 2012-09-16 |
| SMYTH, Noel | Director | 2001-12-31 | 2002-06-27 |
| STAPLETON, Patrick John | Director | 2002-10-09 | 2008-12-04 |
| TALJAARD, Desmond Louis Mildmay | Director | 1993-11-19 | 2001-04-02 |
| TOLLEY, Thomas Mark | Director | 2018-02-22 | 2023-07-19 |
| VICENT, Simon Robert | Director | 2007-01-10 | 2016-10-11 |
| WALKER, Mark William Garrett | Director | 2008-12-04 | 2016-10-11 |
| WATTERS, David Samuel | Director | 2002-06-27 | 2008-12-31 |
| WAY, Mark Jonathan | Director | 2010-03-01 | 2014-08-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pandox Uk Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-07-19 | Active |
| Dragonglass Bidco Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-03-29 | Ceased 2023-07-19 |
| Park Uk Holding Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Voting 75–100% (as firm), Appoints directors | 2016-09-09 | Ceased 2018-03-29 |
Filing timeline
Last 20 of 242 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-09-06 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-08 | AA | accounts | Accounts with accounts type full | |
| 2026-07-06 | CH01 | officers | Change person director company with change date | |
| 2025-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-02 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-25 | CH01 | officers | Change person director company with change date | |
| 2025-11-25 | CH01 | officers | Change person director company with change date | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 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 | |
| 2024-12-13 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-22 | AA | accounts | Accounts with accounts type full | |
| 2024-06-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-06 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-08-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-08-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-08-21 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- 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.