CAVE HOTELS UK LTD
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Next accounts due
2027-02-28 (in 9mo)
Last filed for 2025-05-31
Confirmation statement due
2026-12-09 (in 7mo)
Last made up 2025-11-25
Watchouts
None on the register
Cash
£1M
+544.5% highest in 7 filed years
Net assets
-£1M
+22.5% vs 2024
Employees
165
-1.2% vs 2024
Profit before tax
£1M
+452.6% highest in 4 filed years
Name history
Renamed 2 times since incorporation
- CAVE HOTELS UK LTD 2019-03-18 → present
- PENTLAND GOLF LTD 2002-05-10 → 2019-03-18
- ETCHINGHILL STUDIOS LIMITED 1996-02-23 → 2002-05-10
Net assets
10-year trend · vs Consumer Discretionary median
Accounts
10-year trend · latest reflected 2025-05-31
| Metric | Trend | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-05-31 | 2023-06-01 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | £2,385,544 | — | £2,596,663 | — | — | — | — | — | £10,843,403 | £11,034,834 | |
| Operating profit | -£936,554 | — | £103,567 | — | — | — | — | — | £61,912 | £1,540,983 | |
| Profit before tax | -£1,075,691 | — | £16,816 | — | — | — | — | — | -£333,524 | £1,175,983 | |
| Net profit | -£1,075,691 | — | £20,585 | — | £1,671,703 | — | £1,083,305 | — | -£381,346 | £767,033 | |
| Cash | £1,567 | -£858,039 | £4,049 | — | £1,074,607 | — | £130,167 | — | £176,434 | £1,137,163 | |
| Total assets less current liabilities | £5,075,007 | — | £5,504,542 | — | £6,844,938 | — | £7,579,497 | — | £7,791,936 | £9,196,144 | |
| Net assets | -£3,001,360 | — | -£2,980,775 | — | -£1,309,072 | — | -£225,767 | — | -£1,407,513 | -£1,090,480 | |
| Equity | -£3,001,360 | -£3,001,360 | -£2,980,775 | -£2,980,775 | -£1,309,072 | -£1,309,072 | -£225,767 | -£225,767 | -£1,407,513 | -£1,090,480 | |
| Average employees | 79 | — | 92 | — | 0 | — | 147 | — | 167 | 165 | |
| Wages | £1,459,876 | — | £1,556,173 | — | — | — | — | — | £3,493,056 | £3,531,656 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-05-31 | 2023-06-01 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -39.3% | — | 4.0% | — | — | — | — | — | 0.6% | 14.0% | |
| Net margin | -45.1% | — | 0.8% | — | — | — | — | — | -3.5% | 7.0% | |
| Return on capital employed | -18.5% | — | 1.9% | — | — | — | — | — | 0.8% | 16.8% | |
| Current ratio | — | — | — | — | — | — | — | — | 0.23x | 0.50x | |
| Interest cover | -6.73x | — | 1.19x | — | — | — | — | — | 0.16x | 4.14x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Pure Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment, and the expected continued profitable trading and cash generation from the Group's hotel, golf and food & beverage operations, the directors consider it appropriate to prepare the financial statements on a going concern basis. The directors do not consider that there are any material uncertainties that may cast significant doubt on the Group's ability to continue as a going concern.”
Group structure
- CAVE HOTELS UK LTD · parent
- Cowgirl Restaurants Ltd 100%
- Ashford Cowgirl Ltd 100%
- Riverside Cowgirl Ltd 100%
Significant events
- “As part of a strategic review of the Group's property estate, the Directors took the decision to cease operations at one underperforming site. This subsidiary was placed into voluntary liquidation on 14 February 2025 after a localised decline in demand rendered the specific location unsustainable.”
- “By reallocating resources toward high-growth opportunities, the Group successfully launched a new restaurant location during the period. Trading at this new site has significantly exceeded initial internal forecasts, validating our focus on prime hospitality hubs.”
- “On 25 November 2025, Island Fox Holdings acquired 90% of the issued ordinary share capital of Cave Hotels UK Ltd from J N Tory. The change in ownership is a non-adjusting event after the reporting date and has no impact on amounts recognised at 31 May 2025.”
- “During the year, Riverside Cowgirl Ltd became an indirect subsidiary following the transfer of its shares from Cave Hotels UK Ltd to Cowgirl Restaurants Ltd on 26 November 2024. This transaction represented an internal group reorganisation and did not change the ultimate control of RCL.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CALLISTER, David Johnathan | Director | 2003-01-27 | Aug 1973 | British |
| TORY, James Nettlam | Director | 1996-02-23 | Feb 1973 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CALLISTER, David Johnathan | Secretary | 2003-07-18 | 2003-10-17 |
| CARPENTER, Venetia Caroline | Secretary | 1996-02-23 | 1996-02-23 |
| COATES, Steven Robert | Secretary | 2009-02-01 | 2018-06-25 |
| PARRY, Roland George | Secretary | 2002-05-20 | 2003-07-18 |
| PERKINS, Jill | Secretary | 2018-06-25 | 2021-10-13 |
| PERKINS, Jill Bernadette | Secretary | 2008-02-26 | 2009-02-01 |
| SPENCER TANNER, Richard | Secretary | 2003-10-17 | 2008-02-26 |
| TORY, James | Secretary | 1996-02-23 | 2002-05-20 |
| GRIFFITHS, Shaun David | Director | 1996-07-01 | 2002-05-20 |
| TORY, Peter Nettlam | Director | 2003-01-27 | 2019-08-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr James Nettlam Tory | Individual | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 103 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-26 | AA | accounts | Accounts with accounts type group | |
| 2025-11-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-01 | CH01 | officers | Change person director company with change date | |
| 2025-03-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-11 | CH01 | officers | Change person director company with change date | |
| 2025-02-27 | AA | accounts | Accounts with accounts type group | |
| 2024-11-13 | CH01 | officers | Change person director company with change date | |
| 2024-03-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-28 | AA | accounts | Accounts with accounts type group | |
| 2023-03-27 | AA01 | accounts | Change account reference date company current extended | |
| 2023-03-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-11 | AA | accounts | Accounts with accounts type full | |
| 2022-03-21 | AA | accounts | Accounts with accounts type full | |
| 2022-03-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-21 | AA01 | accounts | Change account reference date company previous shortened | |
| 2021-10-13 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-03-30 | AA | accounts | Accounts with accounts type full | |
| 2021-03-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-03-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-12-20 | AA | accounts | Accounts with accounts type unaudited abridged |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-05-31 vs 2024-05-31
-
Turnover
+1.8%
£10,843,403 £11,034,834
highest in 4 filed years
-
Cash
+544.5%
£176,434 £1,137,163
highest in 7 filed years
-
Net assets
+22.5%
-£1,407,513 -£1,090,480
-
Employees
-1.2%
167 165
-
Operating profit
+2,389%
£61,912 £1,540,983
highest in 4 filed years
-
Profit before tax
+452.6%
-£333,524 £1,175,983
highest in 4 filed years
-
Wages
+1.1%
£3,493,056 £3,531,656
highest in 4 filed years
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