10 TRINITY SQUARE HOTEL 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

Standalone (parent only)

Auditor

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company reported a loss of before tax of £5,337,533 for the year ended 31 December 2024 (2023 - £5,756,602) and as at that date the Company was in a net current liability position of £35,325,543 (2023 - £29,726,119) which includes inter company payables of £19,901,516 (2023 - £19,456,717) and amounts due to related parties £21,076,253 (2023 - £13,177,545). ... The directors consider that shareholder financial support will continue to be available for a period of at least 12 months from the date of approval of these financial statements and have therefore concluded that it is appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “The Statement of Comprehensive Income shows a turnover for the year of £34,074,140 (2023 - £37,140,681) which represents an 8% decrease on the prior year.”
• “The operating loss for the year was £5,337,533 (2023 - £5,756,602).”
• “Following a strong post-pandemic recovery, the final quarter of 2023 marked a notable slowdown, particularly across Europe and the Middle East, affecting the luxury segment.”
• “Geopolitical instability, notably the ongoing Gaza conflict since late 2023, has exacerbated economic uncertainty and disrupted global travel patterns.”
• “In Q3 2024, the property was rebranded from Four Seasons Hotel London at Ten Trinity Square to Four Seasons Hotel London at Tower Bridge.”
• “The signing of the Skyline Penthouse in November 2023 was a significant milestone, elevating the hotel's profile.”
• “Profitability has been constrained by rising labour costs, including a second consecutive increase in the UK National Minimum Wage (9.79% in 2024).”
• “Implementation of new service charge legislation in October 2024 has further added to cost pressures.”
• “The Hotel has implemented strict cost controls on non-essential spending to protect gross operating profit (GOP).”

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

Filings

3

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

  -8.3%

  £37,140,681 → £34,074,140

• Cash

  +7.2%

  £2,458,522 → £2,635,785

• Net assets

  -18.4%

  -£28,929,604 → -£34,262,357

• Employees

  -0.3%

  327 → 326

• Operating profit

  +7.3%

  -£5,756,602 → -£5,337,533

• Profit before tax

  +7.3%

  -£5,756,602 → -£5,337,533

• Wages

  -10%

  £14,737,238 → £13,259,034

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