SIR RICHARD SUTTON LIMITED

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

1. SIR RICHARD SUTTON LIMITED 2015-11-23 → present
2. SIR RICHARD SUTTON ESTATES LIMITED 2014-05-02 → 2015-11-23
3. SIR RICHARD SUTTON ESTATES 2014-05-02 → 2014-05-02
4. SIR RICHARD SUTTON'S SETTLED ESTATES 1938-11-18 → 2014-05-02

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

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Qualified

Going concern

Affirmed

“The directors consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements as they believe that the company and group has adequate resources to meet its current operational and financial obligations, and the directors have a reasonable expectation that this will continue for the foreseeable future and for a period of at least 12 months from the date of approval of these financial statements. In addition to this, the directors also assessed the outstanding bank or lender loans, which include a debt equity covenant that is measured on a quarterly basis. In both the base case and the downside case, company and group (including the LLPs) continues to meet all interest payments, repay the loans as they fall due and is forecasted to have sufficient operational liquidity for at least the 12-month period to ensure the covenants will be met throughout the outlook period. Therefore, the accounts have been prepared on a going concern basis.”

Group structure

1. SIR RICHARD SUTTON LIMITED · parent
   1. Genesta Hotels Limited 100% · England and Wales · Member of four hotelier LLPs and one dormant LLP
   2. Genesta Park Lane LLP 99.9% · England and Wales · Hotelier
   3. Genesta Athenaeum LLP 99.9% · England and Wales · Hotelier
   4. Genesta Georgian LLP 99.9% · England and Wales · Hotelier
   5. Genesta Dublin LLP 99.9% · England and Wales · Hotelier
   6. Genesta Brick Street LLP 99.9% · England and Wales · Hotelier
   7. Genesta Bathrooms Limited 100% · England and Wales · Dormant
   8. Genesta Leasing Limited 100% · England and Wales · Dormant
   9. Genesta Trading Limited 100% · England and Wales · Dormant
   10. Baveystock Holdings Ltd 100% · England and Wales · Dormant
   11. A. Baveystock & Co., Limited 100% · England and Wales · Dormant
   12. The Sutton Estate Pension Investment Company Limited 100% · England and Wales · Dormant
   13. Sutton Collection Limited 100% · England and Wales · Dormant
   14. Sutton Hotel Collection Limited 100% · England and Wales · Dormant
   15. Sutton Collection Group Limited 100% · England and Wales · Dormant
   16. Sutton Collection Holdings Limited 100% · England and Wales · Dormant
   17. Sutton Farms and Estates Limited 100% · England and Wales · Dormant
   18. Sutton Genesta Limited 100% · England and Wales · Dormant
   19. Sutton Estates Group Limited 100% · England and Wales · Dormant
   20. Sutton Family Estates Limited 100% · England and Wales · Dormant

Significant events

• “In May 2025, we completed the construction of a new free-range egg production facility in Lincolnshire further diversifying our farm revenue.”
• “We have received an offer for a Hotel and are working on the sale of the trade and assets. Completion is forecast during the summer of 2025 and as the offer is less than the carrying book value, we have included an impairment charge in the financial statements.”
• “The Group exercised the opportunity to buy in a long lease on one of their investment properties for £8.0 million.”
• “A total of £14.8 million (2024: £7.2 million) has been invested by the Group on assets under construction relating to the refurbishing of investment properties that have become vacant or works at hotels and new buildings on the farms, and a further £3.4 million (2024: £4.7 million) has been incurred on the replacement of plant and machinery in the hotels and on the farms.”
• “During the year the trustees of the Scheme obtained an indicative quote from an insurer for the purchase of an insurance policy to insure all of the benefits payable and a Buy-in was completed on 27 June 2024. A deficit contribution of £188,000 was paid on 9 July 2024 to fund the balance of the policy premium payable.”

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

Filings

5

last 12 months

Capital events

5

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.

• Turnover

  +3.3%

  £98,801,000 → £102,032,000

• Cash

  -2.6%

  £69,842,000 → £68,021,000

• Net assets

  -2.6%

  £195,139,000 → £190,029,000

• Employees

  +3.7%

  758 → 786

• Operating profit

  -62.2%

  £21,010,000 → £7,939,000

• Profit before tax

  -100.3%

  £13,600,000 → -£39,000

• Wages

  +3.3%

  £25,556,000 → £26,393,000

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