EDYN LIMITED

• ⚠

  Material uncertainty over going concern

  While the Company continues to implement strategies to mitigate these risks, including cost management, diversification of revenue streams, and maintaining liquidity, there remain material uncertainties regarding the broader economic environment and their potential effect on future cash flow and financial stability. The impact of these factors on the Company's trading continues to be assessed and considered as part of the Company's adoption of the going concern basis.

1. EDYN LIMITED 2019-11-11 → present
2. SACO THE SERVICED APARTMENT COMPANY LIMITED 2012-05-01 → 2019-11-11
3. SACO OPCO LIMITED 2011-05-18 → 2012-05-01

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 101

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“While the Company continues to implement strategies to mitigate these risks, including cost management, diversification of revenue streams, and maintaining liquidity, there remain material uncertainties regarding the broader economic environment and their potential effect on future cash flow and financial stability. The impact of these factors on the Company's trading continues to be assessed and considered as part of the Company's adoption of the going concern basis.”

Significant events

• “Continued inflationary increases on energy and food, interest rate rises and cost of living pressures seen in 2023, have impact consumer spending power in 2024.”
• “Edyn group opened Locke de Santa Joana, Lisbon, comprising 370 rooms, set in a former 17th century convent with multiple food and beverage outlets and an outdoor swimming pool, our largest and most complex project to date. This property serves as the Locke flagship in the group.”
• “The Group continues to seek growth opportunities and has ambitious European expansion plans. The burgeoning tech and creative scenes across European cities match our vision to be an inspired second home for communities in every European gateway city.”
• “Further expansion of the Locke and Cove brands is planned through openings in new and existing locations in the coming years, with 3 projects (2 Europe and 1 UK) in the pipeline to be completed by 2026.”
• “Openings during 2025 include Le Jardin de Verre by Locke in Paris, with further developments of properties in Copenhagen and London, with expected openings across 2025 and 2026.”
• “Le Jardin de Verre by Locke is located in The Latin Quarter which is a historical and cultural centre of Paris. The asset is next to Rue Mouffetard, one of the oldest and most picturesque streets in the city and is also close to Sorbonne University and other major leisure drivers, with strong transport links. The asset comprises 145 design-led rooms, F&B, co-working space, meeting rooms, and a gym.”
• “Karsten Locke is part of a multi-purpose development in Copenhagen City Centre with close proximity to the train station and leisure attractions. The asset is currently under construction by the landlord and upon completion edyn will operate a 234 design led-rooms, F&B, co-working and retail space under a 25-year lease.”
• “Company revenue in 2024 has seen growth of 2%. The company incurred losses in the year as a result of continued investment in growth and from stabilisation on new hotel openings.”

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

Filings

20

last 12 months

Capital events

9

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

  +2.4%

  £73,670,000 → £75,443,000

• Cash

  -22.3%

  £3,792,000 → £2,945,000

• Net assets

  +41.6%

  -£2,383,000 → -£1,391,000

• Employees

  +4.6%

  196 → 205

• Operating profit

  +199.9%

  -£1,227,000 → £1,226,000

• Profit before tax

  +53.6%

  -£4,590,000 → -£2,128,000

• Wages

  +16.1%

  £5,999,000 → £6,964,000

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