VUR VILLAGE PROPERTIES LIMITED

1. VUR VILLAGE PROPERTIES LIMITED 2014-11-27 → present
2. DE VERE VILLAGE PROPERTIES LIMITED 2010-11-29 → 2014-11-27
3. DE VERE HOTELS NO 1 LIMITED 2007-03-05 → 2010-11-29

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared under the going concern basis. The Directors believe this is appropriate as the Group is expected to deliver increased profitability and cash generation in 2025 whilst also being able to meet its debts as they fall due for the period to 30 June 2026, being the going concern assessment period. The Company has a cross-guarantee arrangement in relation to the Group's financing and therefore going concern has been assessed on a group basis. The Group's business activities, together with the factors likely to affect its future development, its financial position, financial risk management objectives and its exposure to interest rate, credit, liquidity and cash flow risk are set out in the Strategic Report above. The Group has considerable financial resources from its established operations. The Group also has substantial long-term committed financing arrangements that it entered into during the year. Taking this and all other factors into account, the Directors believe that the Group is well placed to manage its business risks successfully. A severe but plausible downside scenario has modelled a profit (EBITDA) decline of 24% vs. the year ended 31 December 2024 across the assessment period. This aims to capture the potential slowdown in consumer spending influenced by the current cost-of-living crisis as well as the potential further increase in employment costs. Throughout this scenario we have assumed maintenance capital expenditure will continue at historical levels, no operating cost mitigation actions or structural changes will be made and there will be no government support. In this scenario, the Group would not require any additional sources of finance.”

Group structure

1. VUR VILLAGE PROPERTIES LIMITED · parent
   1. VUR Village Trading No 1 Limited 100% · Hotel operator

Significant events

• “In June 2024, Village was acquired by funds managed by Blackstone, one of the world's largest alternative asset management firms with existing assets in the UK hospitality sector.”
• “Following the acquisition by Blackstone, Village announced an investment plan that will see more than 50% of its portfolio upgraded, this includes bedroom upgrades and bedroom extensions, refurbishments, and upgraded leisure facilities.”
• “At Village Hotel Club London Watford, the Group acquired the land adjacent to the hotel for an undisclosed amount to support its planned addition of 48 bedrooms whilst extending its Health & Wellness facilities.”
• “On 31 October 2024, Village obtained a new senior credit facility and mezzanine credit facility, which replaced and extended its existing facility, which was due to expire in March 2025.”
• “After the balance sheet date the Company acquired a freehold at an existing trading asset and acquired a new hotel from existing facilities.”

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

Filings

14

last 12 months

Capital events

4

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  0%

  £31,923,000 → £31,923,000

• Cash

  —

  Not reported

• Net assets

  -77.3%

  £121,330,000 → £27,581,000

• Employees

  —

  Not reported

• Profit before tax

  -49.6%

  £51,913,000 → £26,178,000

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