GRAFTON OPCO LTD

1. GRAFTON OPCO LTD 2024-02-10 → present
2. EDWARDIAN GRAFTON HOTEL LTD 2013-08-27 → 2024-02-10

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors believe it is appropriate to prepare the financial statements on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future and at least the next 12 months from the date of the approval of these financial statements. In formulating this assessment, the directors have taken into consideration the potential impact of the current economic environment upon the Company and have carried out forecasts which have determined that there is no significant risk to their continuation as a financial and operational going concern. A cashflow forecast for the period to 31 December 2026 has been prepared showing that sufficient funds will be available to meet the Company's liabilities as they fall due. The directors have also considered compliance with the covenants attached to the Company's senior debt facilities which are forecast to remain compliant. As the Company is in a net current liability position of £74,582,170 which is driven by £86,134,005 of amounts owed to group undertakings, the Company has received a letter of support from its ultimate UK parent, SOF 12 Robinson Holdco Limited. SOF 12 Robinson Holdco Limited has confirmed that it is forecast to have the financial resources necessary to provide support to the company and intends to do so for a period of at least 12 months from the signing of these financial statements. Support will include ensuring the Company's ability to meet its short-term liabilities as they fall due and managing the amounts owed between members of the group headed by SOF 12 Robinson Holdco Limited such that no amounts due to group undertakings are called where the payee does not have the financial resources necessary to make payment. Due to the above, the directors are satisfied that it is appropriate for the financial statements to be prepared on a going concern basis.”

Significant events

• “The Company is part of a group which was acquired by SOF 12 Robinson Bidco Limited on 12 January 2024.”
• “Following the change in ownership, the management at the hotel was transitioned to an experienced hotel manager and savings were targeted across the cost base. A review of required capex at the asset was undertaken and a refurbishment plan devised.”
• “The turnover for the year decreased by 5% to £20,587,248 (2023: £21,619,157) as a result of short-term disruption following change in the management company.”
• “Operating profit for the year decreased to £5,573,576 (2023: £5,726,486) due to one-off factors associated with the change of management.”
• “The property valuation as at 31 December 2024 decreased by £10,111,985 (2023: £787,015 decrease).”
• “On 16 December 2024, the Company issued new share capital of 34,894,892 bonus shares of £1.00 each for non-cash consideration following the capitalisation of the Company's tangible fixed assets revaluation reserve.”
• “On 17 December 2024, the Company performed a capital reduction, to cancel 34,894,892 bonus shares of £1.00 each, the proceeds of which were credited to an intercompany loan account with its parent company.”
• “There have been no significant events affecting the Company since the year end.”

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

Filings

4

last 12 months

Capital events

3

last 24 months

Officers appointed

1

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

  -4.8%

  £21,619,157 → £20,587,248

• Cash

  -19.3%

  £2,420,557 → £1,954,021

• Net assets

  -94.8%

  £61,594,945 → £3,189,825

• Employees

  -25%

  136 → 102

• Operating profit

  -2.7%

  £5,726,486 → £5,573,576

• Profit before tax

  +42%

  £3,401,076 → £4,828,474

• Wages

  -26.3%

  £4,639,881 → £3,418,042

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