22 BISHOPSGATE BY RHUBARB LIMITED

1. 22 BISHOPSGATE BY RHUBARB LIMITED 2018-06-27 → present
2. PACIFIC SHELF 1831 LIMITED 2016-09-16 → 2018-06-27

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

Affirmed

“The directors have considered a going concern assessment period of 12 months from the date of approval of the financial statements. The company's business activities, together with the factors likely to affect its future development, performance and position are set out in the Strategic Report. The directors have prepared base case and reasonable downside forecasts that show that the Company will be able to operate and maintain positive liquidity for a period of not less than 12 months from the date of approval of these financial statements. Positive EBITDA has been maintained, along with positive net cash from operating activities, and this is expected to continue for the foreseeable future. Based on the above, the Directors has concluded that the Company will remain financially self-sufficient and not require any additional funding throughout the going concern assessment period. The directors have also considered the financial impacts of being a member of the wider OVG Group. Having made appropriate enquiries, the directors are aware that the directors of OVG Europe Limited, the Parent company of the largest group in which the entity is consolidated, have not identified any material uncertainty that may give rise to significant doubt over going concern of that Company and its UK group. The OVG Europe Limited group is forecast to remain EBITDA positive, to maintain positive liquidity, and has no third-party borrowing beyond shareholders. It is on the above basis that the Directors have concluded that that the Company will be able to continue to realise its assets and discharge its assets in the normal course of business and that it remains appropriate to prepare these financial statements on a going concern basis. The directors have not identified any material uncertainty in this regard.”

Significant events

• “During the period, the entire share capital of RHC Topco Limited, an intermediate parent company, was acquired by OVG Europe Hospitality Limited, a company incorporated in England and Wales, whose ultimate parent undertaking is OVG Holdings LLC, a company incorporated in the United States of America. As part of the change of control, bank debt consisting of a Unitranche Facility of £35,000,000 and an Acquisition Facility of £8,000,000 were repaid in full. In additional Loan Notes and Loan note interest of £8,434,562 were repaid in full.”

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.