NORLAKE HOSPITALITY LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-06-01 (in 1mo)
Last made up 2025-05-18
Watchouts
None on the register
Cash
£14M
-31% vs 2024
Net assets
£535M
-4.3% vs 2024
Employees
1,329
+13.7% vs 2024
Profit before tax
-£25M
+60.7% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £184,739,000 | £190,516,000 | |
| Operating profit | -£27,562,000 | -£3,324,000 | |
| Profit before tax | -£62,415,000 | -£24,500,000 | |
| Net profit | -£64,817,000 | -£26,659,000 | |
| Cash | £19,951,000 | £13,774,000 | |
| Total assets less current liabilities | £594,326,000 | £570,634,000 | |
| Net assets | £559,236,000 | £535,148,000 | |
| Equity | £559,236,000 | £535,148,000 | |
| Average employees | 1,169 | 1,329 | |
| Wages | £43,912,000 | £43,609,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -14.9% | -1.7% | |
| Net margin | -35.1% | -14.0% | |
| Return on capital employed | -4.6% | -0.6% | |
| Gearing (liabilities / total assets) | 37.0% | 36.9% | |
| Current ratio | 0.14x | 0.13x | |
| Interest cover | -0.83x | -0.19x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have considered the funding requirements of the business for the next twelve months, including considering the impact of current economic developments. Based on their assessment, the directors have concluded it is appropriate to prepare the financial statements on a going concern basis, as explained in note 2.3.”
Group structure
- NORLAKE HOSPITALITY LIMITED · parent
- Newco NHL UK (17) Limited 100%
- Newco UK 9000 Limited 100%
- Newco UK 2017 Limited 100%
- 1060 South Broadway UK Limited 100%
- 200 North Green UK Limited 100%
- Newco UK (ESP) 2019 Limited 100%
- Newco UK (GER) 2019 Limited 89.9%
- The Hoxton (Southwark) Limited 100%
- Estelle Manor Limited 100%
- EH Accommodation Limited 100%
- Newco 8915 Limited 100%
- Norwich Holdings Limited 100%
- The Hoxton (Amsterdam) UK Limited 100%
- The Hoxton (Williamsburg) Limited 100%
- The Hoxton (Williamsburg) LLC 100%
- 32 Sentier UK Limited 100%
- Newco 9000 LLC 100%
- The Hoxton (Portland) LLC 100%
- Newco 2017 LLC 100%
- The Hoxton (Downtown LA) LLC 100%
- 1060 South Broadway Holdco LLC 100%
- 1060 South Broadway Trust DST 100%
- The Hoxton (Downtown LA) R-B LLC 100%
- 200 North Green LLC 100%
- The Hoxton (Chicago) LLC 97.9%
- Diagonal Holdco, S.L.U 100%
- Diagonal Bidco S.L.U. 100%
- Middlebury Invest S.L.U. 100%
- Meineke Mark Hotel GmbH 81%
- The Hoxton (Berlin) GmbH 89.9%
Significant events
- “In April 2025 and May 2025, the company has signed exclusivity letter for divesting 100% of its investment in The Hoxton (Southwark) Limited and Middlebury Invest S.L.U. respectively.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MITTAL, Nyna | Director | 2016-04-01 | Mar 1960 | British |
| PASRICHA, Sharan | Director | 2015-10-16 | Oct 1980 | British |
| ROY, Hemen | Director | 2025-09-09 | Sep 1981 | Indian |
| SURANA, Pravin | Director | 2021-10-15 | Apr 1979 | Indian |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALACHANDRAN, Srikanth | Director | 2018-11-30 | 2021-10-15 |
| CALDECOTT, David Gareth | Director | 2019-06-18 | 2020-03-20 |
| GOYAL, Mukul | Director | 2012-07-14 | 2014-09-29 |
| JEANMAMOD-KARIM, Rashida, Mrs. | Director | 2012-05-18 | 2014-05-25 |
| KAPASI, Sonal | Director | 2015-10-01 | 2019-06-21 |
| MCCULLOCH, Darren | Director | 2022-10-01 | 2023-09-08 |
| MITTAL, Shravin Bharti | Director | 2017-02-20 | 2025-09-09 |
| OAKSHETT, Charles Henry Bowdler | Director | 2015-04-16 | 2018-04-27 |
| RENAUT, Edward Toby | Director | 2021-11-25 | 2022-10-01 |
| VAN DE VREEDE, Jantina Catharina | Director | 2013-01-14 | 2018-06-01 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 109 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | SH02 | capital | Capital alter shares redemption statement of capital | |
| 2025-12-23 | AA | accounts | Accounts with accounts type group | |
| 2025-11-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-05 | CH01 | officers | Change person director company with change date | |
| 2025-05-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-16 | SH01 | capital | Capital allotment shares | |
| 2024-12-11 | SH02 | capital | Capital alter shares redemption statement of capital | |
| 2024-08-18 | AA | accounts | Accounts with accounts type group | |
| 2024-06-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-03 | AA | accounts | Accounts with accounts type group | |
| 2023-10-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 3
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+3.1%
£184,739,000 £190,516,000
-
Cash
-31%
£19,951,000 £13,774,000
-
Net assets
-4.3%
£559,236,000 £535,148,000
-
Employees
+13.7%
1,169 1,329
-
Operating profit
+87.9%
-£27,562,000 -£3,324,000
-
Profit before tax
+60.7%
-£62,415,000 -£24,500,000
-
Wages
-0.7%
£43,912,000 £43,609,000
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