RIVIERA RESTAURANTS AND LUXURY LTD

• ⚠

  Material uncertainty over going concern

  We have considered the adequacy of the disclosures made in note 1 to the financial statements concerning the group's ability to continue as a going concern; the group's liabilities exceeded its total assets by £7,283,013. These conditions, along with other matters explained in note 1 to the financial statements, indicate the existence of a material uncertainty which may cast doubt over the group's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the group was unable to continue as a going concern. Our opinion is not modified in this respect. The financial statements have been prepared on a going concern basis due to the acknowledged ongoing financial support of Eurogroup SA, a group company. Eurogroup SA has confirmed that sufficient financial support will be made available, albeit this is not legally binding, to enable the company to meet its obligations as they fall due for a period of not less than 12 months from the date of approval of the financial statements.

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

Hawsons Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We have considered the adequacy of the disclosures made in note 1 to the financial statements concerning the group's ability to continue as a going concern; the group's liabilities exceeded its total assets by £7,283,013. These conditions, along with other matters explained in note 1 to the financial statements, indicate the existence of a material uncertainty which may cast doubt over the group's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the group was unable to continue as a going concern. Our opinion is not modified in this respect. The financial statements have been prepared on a going concern basis due to the acknowledged ongoing financial support of Eurogroup SA, a group company. Eurogroup SA has confirmed that sufficient financial support will be made available, albeit this is not legally binding, to enable the company to meet its obligations as they fall due for a period of not less than 12 months from the date of approval of the financial statements.”

Group structure

1. RIVIERA RESTAURANTS AND LUXURY LTD · parent
   1. Purple Ski Limited 100% · England and Wales · tour operator
   2. Purple Summer Limited 100% · England and Wales · tour operator
   3. Ski France Limited 100% · England and Wales · tour operator
   4. Ski France Premium Chalets Limited 100% · England and Wales · tour operator
   5. 28-50 Limited 75% · England and Wales · restaurateur
   6. 28-50 By Night 90% · England and Wales · restaurateur
   7. 28-50 Oxford Circus Limited 90% · England and Wales · restaurateur
   8. 28-50 Chelsea Limited 90% · England and Wales · restaurateur
   9. 28-50 Kensington Limited 90% · England and Wales · restaurateur
   10. 28-50 Paddington Limited 90% · England and Wales · restaurateur
   11. Connaught Procurement Limited 100% · England and Wales · restaurateur
   12. The Stablehand Limited 90% · England and Wales · restaurateur
   13. Purpleski.com Limited 100% · England and Wales · dormant
   14. Openstock Limited 50% · England and Wales · software development

Significant events

• “In 2023 and 2024 we divested 4 of our 7 London restaurants. The group now operates 2 restaurants and a jazz club in central London.”
• “Our luxury ski travel continues to grow, with sales increasing by 10% and predicted to grow further over the next 5 years.”
• “We have developed, with a partner, a state-of-the-art POS and stock management system. It has been trialing for 6 months and will be ready for the market in September 2025.”
• “It is estimated that 40% of bars and restaurants are losing money in the UK, and Riviera has taken note.”

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

Filings

2

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

  -20.6%

  £10,178,284 → £8,078,009

• Cash

  -1.3%

  £694,079 → £684,927

• Net assets

  -16.5%

  -£6,252,251 → -£7,283,013

  lowest in 3 filed years

• Employees

  -17.6%

  188 → 155

• Operating profit

  -102.6%

  -£1,071,675 → -£2,171,341

• Profit before tax

  -1.8%

  -£1,070,816 → -£1,090,597

• Wages

  -7.9%

  £2,969,488 → £2,735,045

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