MOLLIE'S MOTELS LIMITED

1. MOLLIE'S MOTELS LIMITED 2016-10-12 → present
2. MOTEL BUCKLAND LIMITED 2014-11-19 → 2016-10-12

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors consider that the company has adequate resources to remain in operation for the foreseeable future and have therefore continued to adopt the going concern basis in preparing the financial statements. The company closed the year with net liabilities of £7,905,964 (31 December 2023: £5,875,821). The parent company of Mollie's Motels Limited has an interest-free loan facility of £25,000,000. The loan is repayable with 30 days' notice, but the lender has provided confirmation they will not seek repayment of these funds for a period of at least 12 months from the signing date of the financial statements. As at the date of the signing of the financial statements, the company has currently drawn down £13,200,000 from this facility which is being used to provide working capital and allow the company to expand across new sites. The parent company and Mollie's Motels Limited have the same directors and control and therefore, management are satisfied that Mollie's Motels Limited will continue to be supported by its parent for at least 12 months from the date of signing the financial statements. Management have prepared cashflow forecasts for the company up to December 2026. Combined with the loan facility discussed above, the forecasts indicate that the company has sufficient funds to trade for a period of at least 12 months from the date of signing the financial statements. As a result, the directors believe that the business has more than adequate funding to meet its liabilities as they fall due. For this reason, the directors consider it appropriate for the company to continue to adopt the going concern basis in preparing its financial statements.”

Significant events

• “The company's largest site is in it's final stages of development in Manchester and is targeted to open in FY25. The company has made good progress on its immediate expansion plan with target locations earmarked and a number of potential sites being explored with a view to securing its future pipeline of openings.”

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

Filings

5

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

  +3.7%

  £10,007,290 → £10,377,047

• Cash

  -41.1%

  £1,676,187 → £987,824

• Net assets

  -34.6%

  -£5,875,821 → -£7,905,964

• Employees

  +1.4%

  210 → 213

• Operating profit

  +0.4%

  -£2,054,966 → -£2,046,136

• Profit before tax

  +1.1%

  -£2,052,772 → -£2,030,143

• Wages

  +7.5%

  £4,191,996 → £4,508,105

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