MOGFORD LIMITED

1. MOGFORD LIMITED 1998-01-09 → present
2. BROWNS HOTEL (OXFORD) LIMITED 1989-10-30 → 1998-01-09
3. BROWNS RESTAURANT (BRISTOL) LIMITED 1987-01-29 → 1989-10-30

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

Ridgefield Consulting Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. MOGFORD LIMITED · parent
   1. Mogford Hotels Limited 100% · England · operate the Old Bank Hotel, which is a 42 bedroom hotel, Quod Restaurant, The Old Parsonage Hotel, with its own restaurant and Gees Restaurant.

Significant events

• “The group delivered results in line with expectations during a year of testing market conditions across the hospitality sector. Inflationary pressures, particularly in wages, rents and rates, meant that cost increases moved ahead of revenue growth, which placed pressure on profitability. Even so, strong cost discipline, with excellent control over food and beverage margins, significantly reduced the impact of these challenges and demonstrated the resilience of our operations.”
• “The directors are confident that the enduring strengths of the business; proven concepts in prime locations supported by an experienced and committed management team, provide a solid foundation for profits to not only recover but also strengthen in the years ahead.”

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

Filings

4

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

  -3.9%

  £19,712,624 → £18,953,548

• Cash

  +34.4%

  £2,482,656 → £3,337,478

• Net assets

  -1.1%

  £10,115,143 → £9,999,791

• Employees

  -14.9%

  235 → 200

• Operating profit

  -61.9%

  £988,594 → £376,318

• Profit before tax

  -222.3%

  £593,975 → -£726,454

• Wages

  -1.7%

  £6,640,333 → £6,529,049

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