NEWSTAY MANCHESTER LIMITED

• ⚠

  Material uncertainty over going concern

  The Group is dependent on the waiver or amendment of the interest cover ratio and leverage covenants by the Lender which is expected but not yet confirmed in writing. This indicates that a material uncertainty exists which may cast significant doubt on the Company's ability to continue as a going concern and therefore it may be unable to realise its assets and discharge its liabilities in the normal course of business.

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group is dependent on the waiver or amendment of the interest cover ratio and leverage covenants by the Lender which is expected but not yet confirmed in writing. This indicates that a material uncertainty exists which may cast significant doubt on the Company's ability to continue as a going concern and therefore it may be unable to realise its assets and discharge its liabilities in the normal course of business.”

Group structure

1. NEWSTAY MANCHESTER LIMITED · parent
   1. Newstay Manchester Trading Limited 100% · England · Hotel operator

Significant events

• “The Company is subject to a variety of risks, which may have an adverse impact on the business, its operating results, turnover, profit, assets, and reserves. Main risks include economic development, events that impact domestic or international travel, and technology and systems.”
• “On 28 February 2023, the Company's parent, WNE Victoria Limited, entered into a bank loan agreement with bank Leumi. Since that date, bank Leumi has a pledge over the share and assets of the Company.”

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

  -17%

  £1,415,000 → £1,175,000

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  -191.6%

  £1,137,000 → -£1,042,000

• Profit before tax

  -478.6%

  £467,000 → -£1,768,000

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