GOLDEN COAST SPORTING VILLAS LIMITED

• ◆

  7 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Financial forecasts extending at least 12 months ahead indicate that the Group is well-positioned to meet its liabilities as they fall due throughout the going concern assessment period. These forecasts also demonstrate continued compliance with the revised financial covenants, with sufficient headroom maintained. Additionally, the Group is projected to remain cash positive. The Company has also received a letter of support from Verdant Leisure 2 Limited which states the entity's intentions to continue to provide financial and other support for at least the next twelve months from the date of signing the December 2024 financial statements. Consequently, the Directors are confident that the Group and Company will have sufficient funds to continue to meet their liabilities as they fall due for at least twelve months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “Following a challenging trading period in the beginning of 2024 with a marked drop in demand linked to reduced consumer confidence, the Directors initiated a sale process for the business alongside a period of forbearance from the senior and super senior lenders. The sale process concluded with a Share Purchase Agreement being signed to sell Verdant Leisure Bidco Limited to Valley Newco Limited, an investment vehicle of the Group's current funder LGT, on 24 December 2024. This Share Purchase Agreement was approved by the Financial Conduct Authority ('FCA') in April 2025, and the change of ownership was completed 19 May 2025.”
• “Following the change in control in May 2025 when LGT Capital become the majority shareholder, £35m of the group wide secured senior debt facility has been converted to equity, significantly reducing the interest payments.”

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

7

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +1.5%

  £6,459,000 → £6,554,000

• Cash

  -76.4%

  £123,000 → £29,000

• Net assets

  -9.7%

  £8,649,000 → £7,808,000

• Employees

  +20%

  125 → 150

• Operating profit

  -31.3%

  -£731,000 → -£960,000

  lowest in 4 filed years

• Profit before tax

  -28.5%

  -£747,000 → -£960,000

  lowest in 4 filed years

• Wages

  -7.5%

  £2,113,000 → £1,955,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers