T&L HOLDCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-15 (in 8mo)
Last made up 2026-01-01
Watchouts
Cash
£236M
+20.8% vs 2023
Net assets
-£677M
+3.8% vs 2023
Employees
1,872
+4.3% vs 2023
Profit before tax
£26M
-22.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £1,035,200,000 | £1,036,600,000 | |
| Operating profit | £324,400,000 | £308,500,000 | |
| Profit before tax | £33,800,000 | £26,200,000 | |
| Net profit | £43,400,000 | £16,000,000 | |
| Cash | £195,700,000 | £236,400,000 | |
| Total assets less current liabilities | £2,522,500,000 | £2,658,900,000 | |
| Net assets | -£704,000,000 | -£677,200,000 | |
| Equity | -£704,000,000 | -£677,200,000 | |
| Average employees | 1,795 | 1,872 | |
| Wages | £219,900,000 | £237,800,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 31.3% | 29.8% | |
| Net margin | 4.2% | 1.5% | |
| Return on capital employed | 12.9% | 11.6% | |
| Gearing (liabilities / total assets) | 125.5% | 122.3% | |
| Current ratio | 0.96x | 0.77x | |
| Interest cover | 1.08x | 1.06x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In assessing the appropriateness of the going concern assumption, the Board has considered the possible cash requirements of the Group company to the end of 2025... the Directors believe that it remains appropriate to adopt the going concern basis in preparing the consolidated financial statements.”
Group structure
- T&L HOLDCO LIMITED · parent
- Thame and London Limited 100%
- TL Prop Holdco Limited 100%
- TL Prop Finco Limited 100%
- Travelodge Holdings (Malta) Limited 100%
Significant events
- “Company incorporated on 2 January 2024 and acquired 66 Travelodge-branded hotels. On 28 February 2024, a further acquisition of 66 hotels completed for £210m. In June 2024, the purchase of 66 Travelodge branded hotels from LXI REIT plc was completed for £208.1m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAING, Andrew Patrick | Secretary | 2026-04-01 | — | — |
| BOYDELL, Joanna | Director | 2024-01-02 | Mar 1969 | British |
| KENTLETON, Rachel Elizabeth | Director | 2024-03-01 | Feb 1969 | British |
| NORMOYLE, Helen Elizabeth | Director | 2024-03-01 | Oct 1967 | Irish |
| REIDY, Raymond Andrew | Director | 2025-08-20 | Oct 1969 | British |
| SHURROCK, Stephen John | Director | 2024-03-01 | Mar 1971 | British |
| ZEHNER, Jon Hamilton | Director | 2026-03-23 | Jun 1957 | American,British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| THOMAS, Katherine Anna Ashford | Secretary | 2024-01-02 | 2026-03-31 |
| CONNOLLY, Aidan Joseph, Mr. | Director | 2024-01-02 | 2025-08-21 |
| ROBINSON, Anthony Martin | Director | 2024-01-02 | 2025-11-25 |
Ownership
Persons with significant control
Filing timeline
Last 14 of 14 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-12 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-04-12 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-07 | AA | accounts | Accounts with accounts type group | |
| 2025-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-04 | AA01 | accounts | Change account reference date company current shortened | |
| 2024-01-02 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+0.1%
£1,035,200,000 £1,036,600,000
-
Cash
+20.8%
£195,700,000 £236,400,000
-
Net assets
+3.8%
-£704,000,000 -£677,200,000
-
Employees
+4.3%
1,795 1,872
-
Operating profit
-4.9%
£324,400,000 £308,500,000
-
Profit before tax
-22.5%
£33,800,000 £26,200,000
-
Wages
+8.1%
£219,900,000 £237,800,000
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