DAVY'S OF LONDON (WINE MERCHANTS) 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

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 §1A

Reporting scope

Consolidated group

Auditor

HB Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Board remains optimistic that the business is still well placed to deliver again and is confident of the longer-term prospects for the company The management team continue to explore further opportunities to exit onerous leases, optimise the operating model with its continued focus on the promotion of available space, embracing available technology to enable more creative ways to engage customers with more dynamic and interactive wine centric experiences The focus on further operational efficiencies will help mitigate upcoming increasing challenges from Treasury decisions around labour, business rates and the general lack of additional supporting measures from the Government to assist hospitality businesses. These financial statements have therefore been prepared on the going concern basis.”

Group structure

1. DAVY'S OF LONDON (WINE MERCHANTS) LIMITED · parent
   1. El Vino Company Ltd 100% · England & Wales · Licensed wine bars
   2. El Vino Holdings Ltd 100% · England & Wales · Dormant
   3. CAFF Group Ltd 100% · England & Wales · Dormant
   4. Veritaus & Co Ltd 100% · England & Wales · Dormant
   5. Ruskin's Restaurants Ltd 100% · England & Wales · Dormant

Significant events

• “Turnover of £7,168k is up by 4.2% on the prior year.”
• “The reported operating loss of £715k compares favourably to the operating loss of £757k last year. This is despite a reduction of £206k in operating rental income from investment properties as a result of the sale of Pied Bull Yard in May 2023.”
• “There was a loss on the revaluation of an investment property of £3,325k. This means that the total loss of £3,345k compares to a loss of £676k last year. Adjusted loss before tax (before the impact of fair value property adjustment) of £619k is an improvement on the loss of £666k reported last year, illustrating the stability of the overall trading performance.”
• “Only comparatively minor industrial action across the public transport networks, experienced on three main occasions during the first four months of the financial year.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  +4.2%

  £6,877,345 → £7,168,381

• Cash

  -72.4%

  £1,767,380 → £488,473

• Net assets

  -27.8%

  £12,014,800 → £8,668,836

• Employees

  -1%

  105 → 104

• Operating profit

  +5.6%

  -£757,063 → -£714,797

• Profit before tax

  -457.8%

  -£707,363 → -£3,945,632

• Wages

  +0.5%

  £3,402,318 → £3,419,062

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