WELLS HOTELS LIMITED

• ◆

  4 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. WELLS HOTELS LIMITED 2008-03-03 → present
2. MACNEWCO TWO HUNDRED AND THIRTY FIVE LIMITED 2007-10-30 → 2008-03-03

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

Consolidated group

Auditor

AAB Audit & Accountancy Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After considering all of the above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.”

Group structure

1. WELLS HOTELS LIMITED · parent
   1. MF Wells (Hotels) Limited 100% · Scotland · hotels

Significant events

• “Whilst the Group has seen improvement in the labour market numbers and a welcome reduction in general inflationary pressures from previous years, the year on year increases in National Minimum Wage rates and the increase in National Insurance contributions effective from 6 April 2025 will remain challenging.”
• “Dividends of £4,000,000 were paid during the year (2024:£Nil)”
• “During the year the company redeemed 62,500 A Ordinary shares of £0.01 each which have been included in the capital redemption reserve.”

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

Filings

14

last 12 months

Capital events

2

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +6.8%

  £22,283,427 → £23,799,536

• Cash

  -62.6%

  £8,834,691 → £3,301,011

• Net assets

  -12.9%

  £21,215,944 → £18,470,789

• Employees

  0%

  228 → 228

• Operating profit

  +252.9%

  £427,618 → £1,508,929

• Profit before tax

  +182.8%

  £606,113 → £1,714,290

• Wages

  +5.7%

  £5,592,438 → £5,911,900

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