THE SWAN HOTEL (NEWBY BRIDGE) LIMITED

1. THE SWAN HOTEL (NEWBY BRIDGE) LIMITED 2001-04-03 → present
2. CLASSYBRIGHT LIMITED 1996-05-14 → 2001-04-03

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

TC Group

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.”

Significant events

• “After the Company's business activities were severely impacted throughout 2020 and 2021 by the coronavirus pandemic, 2022 saw its performance beginning to recover and 2023 showed significant increases in turnover, gross margin and profitability. The year to June 2024 saw the performance of the hotel continue to improve apace, with further growth in the key metrics.”
• “The growth in bedroom occupancy continued, increasing from 73% to 81% which was achieved by a reduction in ADR (average daily rate) from £141 to £129.”
• “Crucially almost 5,000 more bedrooms were sold in the year (albeit at a reduced average rate), and this naturally resulted in increased guest numbers and the resulting increased revenue, combined with strong cost controls across the business, resulted in a spectacular £555k (80%) increase in EBITDA.”
• “Flooding remains a significant risk, although we have introduced numerous flood protection measures and continue to push these plans forward.”
• “The Company was protected against any increases in electricity costs throughout the energy crisis of 2022 because of forward hedging their prices up to April 2025 back in 2020.”

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

Filings

1

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +16.4%

  £7,470,622 → £8,698,445

• Cash

  -34.9%

  £466,120 → £303,507

• Net assets

  -68%

  £5,046,449 → £1,612,644

  lowest in 4 filed years

• Employees

  0%

  133 → 133

• Operating profit

  +98.9%

  £593,629 → £1,180,477

• Profit before tax

  +93.1%

  £565,386 → £1,091,776

  highest in 4 filed years

• Wages

  +0.1%

  £2,875,138 → £2,878,468

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