MANDARIN ORIENTAL HYDE PARK LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. MANDARIN ORIENTAL HYDE PARK LIMITED 2007-06-29 → present
2. MANDARIN ORIENTAL LONDON LIMITED 2007-06-04 → 2007-06-29
3. MANDARIN ORIENTAL HYDE PARK LIMITED 2007-06-01 → 2007-06-04
4. MANDARIN ORIENTAL LONDON LIMITED 2007-03-29 → 2007-06-01

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors confirm they have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the signing of these financial statements. This confirmation is made after reviewing the assumptions about the future trading performance, capital expenditure, and debt contained within the forecasted cash flow. ... Based on the above, the Directors continue to adopt the going concern basis in preparing the 31 December 2024 financial statements.”

Significant events

• “Financial year 2024 was successful especially taking into consideration the Gaza/Israel conflict continuing into its second year along with Russian/Ukraine war in Europe.”
• “2024 saw the stabilized operations of end of year opening in 2023 of Peninsula London (190 keys) and OWO Raffles London (120 keys) as well as the completed seven year refurbishment of Claridges with a new penthouse, new suites and rooms added during the year. 2024 openings also included Mandarin Oriental Mayfair (50 keys) and Emory London (Maybourne Collection, 60 keys all suite).”
• “The Company agreed a new 5-year £50 million loan facility on the 23rd February 2024 with DBS bank. The secured term loan bears interest at a rate of SONIA and matures in February 2029.”
• “Subsequent to the balance sheet date, it was identified that the Company has surrendered tax losses over a number of years to fellow subsidiary undertakings without receiving any consideration.”

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

Filings

7

last 12 months

Capital events

0

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

  -4.5%

  £82,914,000 → £79,219,000

• Cash

  +12.5%

  £8,809,000 → £9,913,000

• Net assets

  +0.9%

  £61,731,000 → £62,256,000

• Employees

  +4.5%

  628 → 656

• Operating profit

  -13%

  £11,671,000 → £10,159,000

• Profit before tax

  -54.6%

  £3,985,000 → £1,810,000

• Wages

  -3.5%

  £23,754,000 → £22,928,000

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