DIAMOND RESORTS (EUROPE) LIMITED

1. DIAMOND RESORTS (EUROPE) LIMITED 2007-11-08 → present
2. SUNTERRA EUROPE LIMITED 2003-08-22 → 2007-11-08
3. GRAND VACATION COMPANY LIMITED 2000-06-20 → 2003-08-22
4. SUNTERRA EUROPE LIMITED 1998-09-30 → 2000-06-20
5. LS PROMOTIONS LIMITED 1989-04-10 → 1998-09-30
6. CLOSEGRAM LIMITED 1989-03-01 → 1989-04-10

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

“Notwithstanding the net liabilities position of £34.7m shown in the statement of financial position, (see page 18) the company can meet its day-to-day working capital requirements through its bank balance and through the funding facility as discussed on page 5. The company is funded by, and has an undertaking from, Hilton Grand Vacations Inc., to provide support as necessary to fund the company's operations for a period of at least 12 months from the date of signing of the financial statements. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company is likely to generate and obtain sufficient cash resources in the next 12 months. In addition, due to financial resources made available in accordance with a letter of support from Hilton Grand Vacations Inc., the company should be able to meet its obligations when they fall due for a period of at least 12 months from the date these financial statements are approved, and the directors are not aware of any uncertainties which could have a material impact on the company as a going concern.”

Group structure

1. DIAMOND RESORTS (EUROPE) LIMITED · parent
   1. Diamond Resorts Excursions SL 1% · Spain · Development and/or sale of holiday ownership
   2. Diamond Resorts Sales Italy SRL 1% · Italy · Development and/or sale of holiday ownership
   3. Diamond Resorts Voyages SARL 1% · France · Development and/or sale of holiday ownership
   4. Diamond Resorts Italia SRL 1% · Italy · Management of resorts and central services
   5. IGR Mougins SARL 1% · France · Management of resorts and central services
   6. LS International Resort Management Limited 1% · England · Dormant (non-trading) undertakings
   7. Diamond Resorts Broome Park Golf Club Limited 1% · England · Dormant (non-trading) undertakings
   8. Diamond Resorts Portugal Clube de Ferias LDA 0.04% · Portugal · Dormant (non-trading) undertakings
   9. Vilar do Golf Empreendimentos Turisticos LDA 0.3% · Portugal · Management of resorts and central services

Significant events

• “On 1 March 2024, at the request of the directors, the company reached an agreement to complete a deed of termination and financial settlement with a third party to exit the timeshare business in Malta.”
• “The effective date of termination is 31 December 2024, and both parties agreed a settlement of £1,025,000 payable by the company on the publication of the deed of termination. The settlement expense was recharged to the reserves of the holiday ownership points club, in recognition of the timeshare accommodation in Malta being a points club destination and used by its members.”
• “Contemporaneously, the company agreed to separately renew the resort management agreement with another third party for a period of one year, ending 31 December 2024, to facilitate the principal activity of the Malta branch up to the termination date. Following the termination date, the activities of the Malta branch will cease, and the directors have no current plans to pursue alternative trading operations in Malta.”

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

Filings

7

last 12 months

Capital events

1

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

  +12.3%

  £48,364,000 → £54,301,000

• Cash

  -5.8%

  £49,846,000 → £46,944,000

• Net assets

  -5.4%

  -£32,952,000 → -£34,740,000

• Employees

  +4.1%

  220 → 229

• Operating profit

  +168.1%

  -£960,000 → £654,000

• Profit before tax

  +44.5%

  -£3,591,000 → -£1,994,000

• Wages

  +11.7%

  £10,495,000 → £11,725,000

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