HPREF METS LONDON LTD

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“A cashflow forecast has been prepared by Management which assumes a continued improvement in trading as demand from business and international travellers is expected to remain strong. The cashflow forecasts show that the Company is self-sufficient for 12 months from date of this report, generating substantially positive EBITDA and cash flows that will allow it to meet all obligations as they fall due.”

Group structure

1. HPREF METS LONDON LTD · parent
   1. HPREF Mets Holding Ltd · Jersey
   2. HPREF Mets London Investments Limited
   3. HPREF METS Birmingham Limited

Significant events

• “Dividends of 6,200,000 were distributed for the year ended 31 December 2024.”
• “The refinancing that was completed in 2024 provides a longer runway for exit and potential value-add projects.”
• “On 2 October 2024 the Company entered into a revised loan agreement with Aareal Bank for 322,700,000 to replace the existing facilities of 286,200,000.”
• “During September 2022 the Company exercised its option to extend (first extension) the above loan facilities for a further year, until September 2023. At this date there was a further option to extend until September 2024 and that option was exercised.”
• “On 26th June 2024 the share capital of the Company was reduced from 166,960,650 to 100,397,100 by cancelling and extinguishing 66,563,550 ordinary shares of 1 each and the share premium reserve of the Company was reduced from 14,404,718 to 0.”
• “On 21 January 2025 the remaining loan to HPREF Mets Investment Limited for deep discounted bonds of 3,040,000 was converted to ordinary share capital.”

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

Filings

20

last 12 months

Capital events

9

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

  +12.3%

  £80,373,000 → £90,283,000

• Cash

  +20.1%

  £20,623,000 → £24,765,000

• Net assets

  -2.9%

  £107,915,000 → £104,829,000

• Employees

  -2.8%

  318 → 309

• Operating profit

  +33.3%

  £18,941,000 → £25,257,000

• Profit before tax

  +217.2%

  -£3,153,000 → £3,696,000

• Wages

  +5.8%

  £9,807,000 → £10,375,000

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