THE LAGGAN HOTEL MANAGEMENT LTD

• ⚠

  Material uncertainty over going concern

  As shown in the accompanying financial statements, the Company's total liabilities exceed its total assets by £323,853 at 31 December 2024. The Company's parent has represented that it will continue to provide ongoing financial support for a period of no less than 12 months from the date of signing these financial statements to enable the Company to meet its financial obligations and that the Company will not be required to pay obligations owed to any group entities while its liabilities exceed its assets.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As shown in the accompanying financial statements, the Company's total liabilities exceed its total assets by £323,853 at 31 December 2024. The Company's parent has represented that it will continue to provide ongoing financial support for a period of no less than 12 months from the date of signing these financial statements to enable the Company to meet its financial obligations and that the Company will not be required to pay obligations owed to any group entities while its liabilities exceed its assets.”

Significant events

• “During the year there was a Group restructure, however this restructure did not impact on the immediate parent company or the ultimate beneficial owner of the Company. Subsequent to the 31st of December 2024, there was a further Group restructure (refer to Note 22).”
• “Since the year end, the Group has undergone a change in ownership and a restructuring (Note 22).”
• “On 10 April 2025, the Company underwent a change in ownership and group structure. Its ultimate parent is now Red Carnation Hotels Group Limited, registered in Guernsey, Channel Islands. From November 2024 until this date, after its previous ultimate parent entity The Travel Corporation Limited was sold to a third party, the Company's ultimate parent company was Tollman Family Investments Limited, a company incorporated in the British Virgin Islands.”

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

Filings

2

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

  +17.5%

  £573,721 → £674,218

• Cash

  -62.8%

  £332,121 → £123,480

• Net assets

  -78.5%

  -£181,451 → -£323,853

• Employees

  +28.6%

  7 → 9

• Operating profit

  -298.4%

  -£38,541 → -£153,538

• Profit before tax

  -259.8%

  -£39,573 → -£142,402

• Wages

  +24.6%

  £188,083 → £234,398

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