THERMAE DEVELOPMENT COMPANY LIMITED

1. THERMAE DEVELOPMENT COMPANY LIMITED 1998-07-10 → present
2. OVAL (1247) LIMITED 1997-10-13 → 1998-07-10

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 101

Reporting scope

Standalone (parent only)

Auditor

Sumer Auditco Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.”

Significant events

• “For the year ended June 2025, turnover decreased by £500k, from £11.2m to £10.7m. This decline was primarily driven by a reduction in visitor numbers of approximately 10,000, falling from 246k in June 2024 to 236k in June 2025. The decrease in visitors is largely attributable to the cost-of-living crisis, with discretionary spending under pressure and spa visits increasingly viewed as a luxury. Turnover was also impacted by the spa being closed for 12 days in January 2025 to allow for renovations, compared to a nine-day closure in the previous year.”
• “Management considers the age of the facility to be the most significant risk facing the business. To mitigate this, the company plans to continue investing in upgrading and improving the building to enhance facilities, customer experience, and visitor numbers. In January 2025, the spa closed for two weeks to carry out essential maintenance works, with the timing chosen to coincide with January being the quietest month of the year for visitor demand.”

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

Filings

3

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

  -4.3%

  £11,192,754 → £10,714,677

• Cash

  -45.9%

  £1,267,467 → £685,714

• Net assets

  +42.8%

  £3,104,887 → £4,433,324

• Employees

  -9.3%

  193 → 175

• Operating profit

  -9.2%

  £1,792,240 → £1,627,396

• Profit before tax

  -8.3%

  £1,801,979 → £1,653,230

• Wages

  -2.9%

  £3,708,309 → £3,601,981

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