SYKES COTTAGES LTD
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-06-20 (in 1mo)
Last made up 2025-06-06
Watchouts
None on the register
Cash
£49M
-20.4% vs 2023
Net assets
£117M
+32% vs 2023
Employees
594
-39.4% vs 2023
Profit before tax
£27M
-0.1% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Turnover | £136,563,000 | £136,107,000 | |
| Operating profit | £26,517,000 | £25,704,000 | |
| Profit before tax | £26,969,000 | £26,944,000 | |
| Net profit | £28,668,000 | £28,355,000 | |
| Cash | £61,693,000 | £49,133,000 | |
| Total assets less current liabilities | £102,061,000 | £128,237,000 | |
| Net assets | £88,524,000 | £116,879,000 | |
| Equity | £88,524,000 | £116,879,000 | |
| Average employees | 981 | 594 | |
| Wages | £30,965,000 | £20,518,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Operating margin | 19.4% | 18.9% | |
| Net margin | 21.0% | 20.8% | |
| Return on capital employed | 26.0% | 20.0% | |
| Gearing (liabilities / total assets) | 59.0% | 40.3% | |
| Current ratio | 0.72x | 1.09x | |
| Interest cover | 13.31x | 15.16x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors of the Company during their going-concern assessment have confirmed the ability of its parent company to provide continued support access to cash to ensure its day-to-day running of the Company. The Board has obtained a written confirmation of financial support from its parent undertaking Priestholm TopCo Ltd who has confirmed it will provide financial support to assist the Company to meet its liabilities as and when they fall due but only to the extent that money is not otherwise available to the Company to meet such liabilities for the period to 31st March 2026.”
Group structure
- SYKES COTTAGES LTD · parent
- Potter TopCo Limited 100%
- Printcater Limited 100%
- Coast & Country Holidays Limited 100%
- NZ Bachcare HoldCo Limited 100%
- Coast & Country Cottages (Holdings) Limited 100%
- Cornwall Holiday Cottages Limited 100%
- Manor Cottages UK Company Limited 100%
- Manor Cottages Laundry Services Limited 100%
- Manor Cottages Property Services Limited 100%
- Manor Cottages Property Services (South) Limited 100%
- Hideaway Holiday Cottages Limited 100%
- La Manga Direct Limited 100%
- DCL NewCo Limited 100%
- Menai Holiday Cottages Limited 100%
- Best of Suffolk Ltd 100%
- Abersoch Quality Homes Limited 100%
- Northumbria Coast and Country Cottages Limited 100%
- Large Holiday Houses Limited 100%
- Lyme Bay Holidays Limited 100%
- Maid In the Cotswolds Limited 100%
- Fisherbeck Management Limited 100%
- Traditional Lakeland Cottages Limited 100%
- Character Cottages Holidays Limited 100%
- Rock Estates (Cornwall) Limited 100%
- Heart of the Lakes Limited 100%
- Lake District Lodge Holidays Limited 100%
- The Holiday Home Company Limited 100%
- Coast & Country Cottages (South West) Limited 100%
- Dream Cottages Limited 100%
- Bachcare Limited 100%
Significant events
- “In line with the rebranding exercise in the prior year, the board made the decision to re-structure the Group, formalising the provision of central services for Legal, Finance, HR, IT and Marketing, alongside a redundancy program that aligned the Group's salary costs to current demand and sales levels. A formal consultation process was announced in late September 2023 and took place throughout October and November. In December 2023 the consultation process was completed, and the Group restructure was finalised and agreed with the board.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAYLOR, Simon James | Secretary | 2010-12-08 | — | — |
| DONOGHUE, Graham | Director | 2017-12-15 | Sep 1973 | British |
| OWEN, Charlotte Mary Scott | Director | 2025-03-21 | Sep 1987 | British |
| SHAW, James Martin | Director | 2024-10-17 | Nov 1979 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TEASDALE, Lynne Joyce | Secretary | 2002-07-08 | 2010-12-08 |
| FORM 10 SECRETARIES FD LTD | Corporate Nominee Secretary | 2002-06-25 | 2002-06-28 |
| GRAHAM, Mr Michael Steven | Director | 2016-04-27 | 2024-05-14 |
| HILL, Miles Geoffrey | Director | 2008-12-01 | 2017-02-01 |
| SYKES, Clive Peter | Director | 2002-07-08 | 2019-10-28 |
| TEASDALE, Lynne Joyce | Director | 2002-07-08 | 2016-01-01 |
| FORM 10 DIRECTORS FD LTD | Corporate Nominee Director | 2002-06-25 | 2002-06-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Go-Sykes Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 97 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-02-15 MA Memorandum articles
- 2022-02-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-07-03 | AA | accounts | Accounts with accounts type full | |
| 2025-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-07 | AA | accounts | Accounts with accounts type full | |
| 2024-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-18 | TM01 | officers | Termination director company | |
| 2023-10-24 | CH01 | officers | Change person director company with change date | |
| 2023-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-08-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-07-05 | AA | accounts | Accounts with accounts type full | |
| 2022-07-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-07-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-07-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-06-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-02-15 | MA | incorporation | Memorandum articles | |
| 2022-02-15 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-09-30 vs 2023-09-30
-
Turnover
-0.3%
£136,563,000 £136,107,000
-
Cash
-20.4%
£61,693,000 £49,133,000
-
Net assets
+32%
£88,524,000 £116,879,000
-
Employees
-39.4%
981 594
-
Operating profit
-3.1%
£26,517,000 £25,704,000
-
Profit before tax
-0.1%
£26,969,000 £26,944,000
-
Wages
-33.7%
£30,965,000 £20,518,000
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