GENERATOR HOSTELS LTD

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.16 in the financial statements, which explains that the Company is subject to a transaction that will result in a sale of the company to new ownership, with an intended completion date of 31 July 2025. Group financing arrangements are in place that secure the financial support of the company up until the intended completion date. However, subsequent to completion there are no binding commitment or obligation on the new owners.

1. GENERATOR HOSTELS LTD 2008-10-20 → present
2. THE GENERATOR (HOSTELS) LTD 2001-11-14 → 2008-10-20
3. MBI MBO HOTELS LIMITED 1998-03-31 → 2001-11-14
4. THE ABBEY COURT HOTEL LIMITED 1996-04-30 → 1998-03-31

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 101

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1.16 in the financial statements, which explains that the Company is subject to a transaction that will result in a sale of the company to new ownership, with an intended completion date of 31 July 2025. Group financing arrangements are in place that secure the financial support of the company up until the intended completion date. However, subsequent to completion there are no binding commitment or obligation on the new owners.”

Group structure

1. GENERATOR HOSTELS LTD · parent
   1. Generator Hostel Sweden AB 100% · Sweden · Hostel Operator
   2. Generator Hostels Inc 100% · USA · Management Company

Significant events

• “Queensgate Investment has sold European operations of Generator to Brookfield Asset Management for total consideration of €776 million in May 2025 with expected completion date of 31st July 2025.”

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

1

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +9.1%

  £10,319,867 → £11,257,288

• Cash

  +11.6%

  £1,456,300 → £1,625,958

• Net assets

  -11.9%

  -£55,881,306 → -£62,542,802

• Employees

  +8.6%

  35 → 38

• Operating profit

  +63.3%

  £1,777,240 → £2,901,680

• Profit before tax

  +32.7%

  -£9,042,225 → -£6,082,677

• Wages

  -11.4%

  £5,229,065 → £4,633,640

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