OLD SPOT PUB COMPANY LIMITED

• ⚠

  Material uncertainty over going concern

  Within the period, the Directors took the decision to cease trading following the surrender of the public house leases. Accordingly, the financial statements are not prepared on the going concern basis, with all balances disclosed as current and no further resulting effect on the financial statements.

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 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Within the period, the Directors took the decision to cease trading following the surrender of the public house leases. Accordingly, the financial statements are not prepared on the going concern basis, with all balances disclosed as current and no further resulting effect on the financial statements.”

Significant events

• “Over the period of June to August 2024, the Company surrendered the leases of all of the 17 public houses and therefore these public houses are no longer trading within the Company.”
• “Over the months June to August the Company closed all of its operating sites and transferred these to Ei Group Limited and Frontier Pubs Limited. The loan owed to Ei Group Limited was waived and treated as unrealised profit of £3,777,000 (2023: £nil). The sites transferred to Frontier Pubs Limited were cash settled and a loss was recognised on the disposal of these sites.”

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.

• Turnover

  -18.9%

  £12,518,000 → £10,152,000

• Cash

  -81.9%

  £1,030,000 → £186,000

• Net assets

  +83.2%

  -£3,736,000 → -£626,000

• Employees

  -14.4%

  361 → 309

• Operating profit

  -21%

  -£271,000 → -£328,000

• Profit before tax

  -18.1%

  -£656,000 → -£775,000

• Wages

  -13.5%

  £4,355,000 → £3,765,000

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