ECHO HOTEL LIMITED

• ⚠

  Material uncertainty over going concern

  For the financial year ended 31 December 2024, the Company has net current liabilities of £2,475k (2023: £4,897k). As at 31 December 2024, the Company has current assets of £5,357k, comprised of inventories of £212k, trade and other receivables of £4,992k and cash and cash equivalents of £153k and current liabilities of £7,832k, comprised of trade and other payables of £7,832k. Included in the trade and other payables are amounts owed to intermediate holding entity, immediate holding entity and fellow subsidiary undertakings of £83k, £4,869k, and £216k respectively as at 31 December 2024. The Directors have prepared a cash flow forecast for the Group for a period of not less than 12 months from the date of approval of these financial statements ("the forecast period"), which include the receipt of up to £18.9m from its intermediate parent entity, DTP Inter Holdings Pte Limited ("DTP IH"). The forecasts indicate that, taking account of reasonably possible downsides and the injection of such financial support, the Group is expected to have sufficient funds to meet its obligations as and when they fall due. The Directors note that the anticipated required funding requirements from the intermediate parent entity is primarily due to a combination of external market conditions and one-off operational disruptions and capital expenditure projects undertaken during the period. As part of the going concern assessment, the directors have acknowledged the uncertainty in the forecasts arising from the challenging trading environment, having regard to the overall indebtedness of the Group.

• ◆

  Audit opinion: Disclaimer of opinion

  Latest auditor's report carried a non-clean opinion.

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. ECHO HOTEL LIMITED 2004-04-05 → present
2. ECHO HOTEL PLC 1986-04-28 → 2004-04-05
3. ST VINCENT STREET (112) LIMITED 1986-03-17 → 1986-04-28

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

KPMG

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“For the financial year ended 31 December 2024, the Company has net current liabilities of £2,475k (2023: £4,897k). As at 31 December 2024, the Company has current assets of £5,357k, comprised of inventories of £212k, trade and other receivables of £4,992k and cash and cash equivalents of £153k and current liabilities of £7,832k, comprised of trade and other payables of £7,832k. Included in the trade and other payables are amounts owed to intermediate holding entity, immediate holding entity and fellow subsidiary undertakings of £83k, £4,869k, and £216k respectively as at 31 December 2024. The Directors have prepared a cash flow forecast for the Group for a period of not less than 12 months from the date of approval of these financial statements ("the forecast period"), which include the receipt of up to £18.9m from its intermediate parent entity, DTP Inter Holdings Pte Limited ("DTP IH"). The forecasts indicate that, taking account of reasonably possible downsides and the injection of such financial support, the Group is expected to have sufficient funds to meet its obligations as and when they fall due. The Directors note that the anticipated required funding requirements from the intermediate parent entity is primarily due to a combination of external market conditions and one-off operational disruptions and capital expenditure projects undertaken during the period. As part of the going concern assessment, the directors have acknowledged the uncertainty in the forecasts arising from the challenging trading environment, having regard to the overall indebtedness of the Group.”

Significant events

• “On 27 June 2025, the Group completed a draw-down of the mezzanine capex loan facility for a total amount of £945k.”
• “At the same time, the Group entered into a new interest rate cap to mitigate interest exposure. The interest rate cap had a notional amount of £945k, an effective interest rate of 3.2% per annum and a maturity date of 21 September 2026.”
• “Subsequent to the end of the reporting period and as at the date of authorisation of these financial statements, a fellow subsidiary has received an unsecured interest-free loan from PPC, via PPC Hospitality UK Company Limited, to support the ongoing operating expenditures, capital expenditures, and working capital requirements of the Company and other fellow subsidiaries.”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

5

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +12.8%

  £14,172,000 → £15,983,000

• Cash

  -8.4%

  £167,000 → £153,000

• Net assets

  +6.8%

  £33,302,000 → £35,561,000

• Employees

  +37.7%

  175 → 241

• Operating profit

  +36.9%

  £1,230,000 → £1,684,000

• Profit before tax

  +37.1%

  £1,226,000 → £1,681,000

• Wages

  +35.8%

  £3,281,000 → £4,456,000

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