ATLAS2 HOTELS (TRADING) LIMITED

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 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared projected cash flow information in order to assess going concern over a period of at least 12 months from the date of their approval of these financial statements. The Directors consider the forecast to be a challenging yet plausible scenario and that there is significant headroom in the forecasts to conclude that the Group and Company has sufficient liquidity to continue as a going concern.”

Significant events

• “Occupancy rates have increased across to 82.0% (2023: 75.9%), although ADR has dropped year on year, with a combination of the two leading to the 5.3% increase in total revenues, despite corporate room bookings declining in the second half of the year following the General Election.”
• “During the year, the Group successfully completed the refinancing of external debt within a fellow group undertakings, HB2 Snowhill Limited and Atlas2 Hotels Birmingham (HQ) Limited, on which the assets of the Company were secured. The refinancing was completed by Titan Investment Atlas Limited, creating a single external borrower within the Group.”
• “In the second quarter of 2025, Management has commenced a review of the operational management structure. Management are confident that the review will result in operational efficiencies being achieved through the second half of 2025.”

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

  +5.3%

  £7,671,000 → £8,079,000

• Cash

  -74.8%

  £4,571,000 → £1,154,000

• Net assets

  +40.2%

  £2,653,000 → £3,720,000

• Employees

  +10.9%

  64 → 71

• Operating profit

  -3.8%

  £1,681,000 → £1,617,000

• Profit before tax

  +2.9%

  £1,595,000 → £1,642,000

• Wages

  +18.9%

  £1,034,000 → £1,229,000

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