THE MALVERN PROPERTY LIMITED

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

Consolidated group

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared financial projections and cash flow forecasts having considered the current economic climate and are satisfied that there are sufficient cash resources, if trade develops as expected, to enable the group to continue to meet its liabilities as they fall due for a period of at least 12 months from the date of signing these financial statements. The group depends on its existing loan facilities to meet its day to day working capital requirements which were renewed with Allica Bank in June 2024 on a 20 year loan term. Current forecasts indicate that the group expects to be able to operate within the new facilities and meet banking covenants for the whole of the foreseeable future. Accordingly, the Directors believe it is appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “2024 was another strong year for the business with revenue continuing to improve, increasing from £6.2m 2023 to £6.6m 2024. Growth was across all areas of the business but more significantly within the spa and membership departments. The introduction in 2023 of Al rate management allowed the hotel to focus on achieving the best possible room rates, and we continue to benefit from this system in 2025.”
• “The Government's last Budget has created new challenges, especially with the increase to the National Living Wage and the increase in National Insurance Contributions which have a notable impact on a business employing on average 155 staff members”
• “All banking facilities have now been switched to Allica Bank. The new structure of the facilities and the lower fees have led to improved cash-flow within the business.”

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

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

  +5.8%

  £6,223,457 → £6,583,325

• Cash

  +4,952.6%

  £5,841 → £295,125

• Net assets

  +2.4%

  £3,505,064 → £3,588,840

• Employees

  +2.6%

  151 → 155

• Operating profit

  -3.7%

  £598,481 → £576,536

• Profit before tax

  -29.2%

  £285,371 → £202,021

• Wages

  +5.2%

  £2,366,797 → £2,489,338

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