H.I. LIME STREET LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to the section titled 'Going Concern' within note 1 of the financial statements, which indicates that the company reported a loss of £310k for the year ended 31 December 2024 and ended the year with net current assets of £1.7m. As stated in note 1, a formal waiver has not been granted for a covenant within the group bank facility of which this entity is party too which is forecast to be breached within the next 12 months.

1. H.I. LIME STREET LIMITED 2001-03-01 → present
2. DIRECTISSUES LIMITED 1999-09-27 → 2001-03-01

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to the section titled 'Going Concern' within note 1 of the financial statements, which indicates that the company reported a loss of £310k for the year ended 31 December 2024 and ended the year with net current assets of £1.7m. As stated in note 1, a formal waiver has not been granted for a covenant within the group bank facility of which this entity is party too which is forecast to be breached within the next 12 months.”

Significant events

• “During the year, on 3 May 2024, a groupwide facility was entered into, the total facility for the group was for £36m, over a 5-year term, with final repayment date of 3 May 2029.”
• “The Board obtained a professional valuation of the hotel in Q4 2024 and, after giving due consideration to the current market value of the Holiday Inn Liverpool City Centre, and the UK Hotel Investment market decided to recognise a decrease in value based upon the valuation report. This has been reflected in the net asset position of the company; this impairment was also charged through admin expenses in the P&L within the year.”

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

  -0.6%

  £5,358,834 → £5,325,237

• Cash

  -26.9%

  £766,167 → £559,824

• Net assets

  -6.8%

  £4,580,010 → £4,269,725

• Employees

  +8.3%

  84 → 91

• Operating profit

  -132.7%

  £569,226 → -£185,950

• Profit before tax

  -224.8%

  £331,691 → -£413,875

• Wages

  +12.4%

  £1,530,791 → £1,720,197

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