Hotel Industry 2011

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Business Ratio 2011_Business Ratio 11/01/2011 10:00 Page 2

hotel industryedition 29, 2011

issn 1473-4915

1 Company Selection1.1 Industry Definition1.2 Company Selection1.3 Changes of Name1.4 New Additions to the Report1.5 Treatment of Holding Companies &

Subsidiaries1.6 Diversity of Business Interests1.7 Large Changes in Accounts1.8 Exports1.9 Exceptionally Large Companies

2 Industry OverviewAn expert review of the conclusions that canbe drawn from the report, puttingdevelopments into the context of recentindustry developments and focusing on theperformance of the industry as a whole andthe leading players in it.

3 Company ProfilesCompany data is presented alphabetically,with each company having a detailed profileover two pages showing address, activities,directors, subsidiaries and other companydetails plus Profit and Loss, Balance Sheet,Key Note Ratio Analysis and comparativeperformance.

4 Performance League TablesThese list companies in order of theirperformance compared to each other on keyperformance factors:

Size.................................................................Sales 4-2.................................................................Pre-tax Profit 4-5.................................................................Total Assets 4-8.................................................................Number of Employees 4-11

Profitability.................................................................Return on Capital 4-14.................................................................Return on Total Assets 4-17.................................................................Pre-tax Profit Margin 4-20.................................................................Return on Investment 4-23.................................................................Profit per £ of Pay 4-26

Efficiency.................................................................Asset Utilisation 4-29.................................................................Sales / Fixed Assets 4-32.................................................................Stocks / Sales 4-35.................................................................Debtor Days Outstanding 4-38

Liquidity.................................................................Current Ratio 4-41.................................................................Quick Ratio (Acid Test) 4-44

Gearing.................................................................Total Debt / Net Worth 4-47.................................................................Equity Gearing 4-50.................................................................Income Gearing (Interest Cover) 4-53

Employee Performance.................................................................Pay per Employee 4-56.................................................................Sales per Employee 4-59.................................................................Capital Employed per Employee 4-62.................................................................Pay / Sales 4-65

Other.................................................................Exports / Sales 4-68

Growth.................................................................Sales Growth 4-71.................................................................Pre-tax Profit Growth 4-74.................................................................Total Assets Growth 4-77.................................................................Number of Employees Growth 4-80.................................................................Exports Growth 4-83

5 Industry ProfileThis provides a Balance Sheet and a quickProfit and Loss account for the industry as awhole. Where the industry has beensubdivided into ’subsectors’, a profile foreach of these is given, as well as a profile forthe industry as a whole.

6 Analysis Notes

7 Definitions

8 Further Key Note Sources

9 Company Index

Contents

ContentsKey Note Ltd

This section explains which companies have been selected for inclusion in the Report, and explains why, if applicable, certain companies have been excluded. It also explains any important relationships between companies and how these have been dealt with to ensure that no double-counting of accounts has occurred.

1. Company Selection

Company Selection © Key Note Ltd 2011

1.1 Industry Definition This Report covers companies operating in the hotel industry. The Report analyses accounts filed in the three years up to 7th June 2010. Accounts with year ends falling in the 12 months up to 7th June 2010are assigned to the third analysis period, with earlier accounts assigned to previous periods.

The companies included in the Report are:

THE HOTEL INDUSTRYAccor UK Business &LsrHtls Ltd Accor UK Economy Hotels Ltd Adda Hotels Andrew Brownsword Hotels Ltd Apex Hotels Ltd Arora Hotels Ltd The Barton Grange Group Ltd BDL Select Hotels Ltd The Berkeley Hotel Ltd Blackfriars Hotels Ltd Blackpool PlsrBeach (Hldgs) Ltd Bridgemere UK Plc Britannia Hotels Ltd Brook Hotels Ltd The Cavendish Hotel (London) Ltd CDL Hotels (UK) Ltd Centre Island Hotels Ltd Champneys Henlow Ltd Chesterfield (Mayfair) Ltd Choice Hotels Ltd Churchill Group Ltd Claridge's Hotel Ltd Comojo (UK) Ltd Corus Hotels Ltd Crieff Hydro Ltd The Cumberland Guoman Ltd Curzon Hotels (Operator) Ltd Deckers Restaurants Ltd De Vere Venice Ltd De Vere Venues Properties Ltd De Vere Village Hotels & Lsr Ltd De Vere Village Trading No 1 Ltd De Vere Wokefield Park Ltd Dorchester Group Ltd Doyle Hotels (UK) Ltd Doyle London Hotels Ltd Edwardian Group Ltd Endell Group Holdings Ltd Fbm London Ltd Festival Group Ltd Festival Inns Ltd Firmdale Hotels Plc Firoka (Kings Cross) Ltd Forestdale Hotels Ltd GH Hotel Operating Co. Ltd Gleneagles Hotels Ltd Globalgrange Ltd Gloucester Capital Ltd

Guoman Hotel Holdings Ltd Guoman Hotel Mngmnt (UK) Ltd Hand Picked Hotels Ltd Hastings Hotels Group Ltd HHR Piccadilly Ltd Hilton International Htls (UK) Ltd Hilton Worldwide Ltd Hlt Stakis Operator Ltd Hlt Stakis Spe Ltd Hotel Inter-Continental London Ltd Hotel Management Intl (Hldgs) Ltd Hotel Property Investors UK Ltd Imperial London Hotels Ltd (The) Jake Feather Hotels Ltd Jarvis Hotels Ltd. Jurys Hotel Group (UK) Ltd Kensington Close Hotel Ltd Kew Green Hotels Ltd L51N Ltd Lake District Hotels Ltd The Lancaster Lndmrk Htl Co. Ltd Landmark Hotel London Ltd Land Securities (Hotels) Ltd Lanesborough Management Ltd J.H. Leeke & Sons Ltd Leisureplex Ltd Lomar Hotel Co. Ltd Lomondo Ltd London Britannia Hotel Ltd London Lrg Hotel Ltd London May Fair Hotel Ltd London Tara Hotel Ltd Longmint Group Ltd LRG Hotels Ltd LRG Hotels Group (UK) Ltd Macdonald Hotels Ltd Malmaison & Hotel Du Vin Property Holdings Ltd Mandarin Oriental Hyde Park Ltd Manor House Hotel (Okhmptn) Ltd Maple Hotels 1 Ltd Marriott Hotels Ltd Marston Hotels Ltd Menzies Hotels Holdings Ltd Menzies Hotels Operating Ltd Millennium & Copthorne Hotels Plc Morgans Hotel Group London Ltd Mwb Group Holdings Plc

North British Trust Hotels, Ltd Oxford Hotels & Inns Mngmnt Ltd Paragon Hotels Ltd Paramount Hotels Ltd Park Hotel Heathrow Ltd Park Hotels Management Ltd The Park Lane Hotel Ltd Park Tower Hotel Ltd (The) Pbn Holdings Ltd Peel Hotels Plc Pennyhill Park Ltd Percy R.Brend & Sons (Htlrs) Ltd Pl Hotel Ltd Premier Inn Ltd Premier Inn Hotels Ltd Prestmade Ltd Puma Hotels Plc Qhotels Group Ltd Qmh Ltd Quintain Estates & Dvlpmnt Plc Ramside Holdings Ltd Ramside Estates Ltd Rezidor Hotel Manchester Ltd Rezidor Hotel Stansted Airport Ltd Ritz Hotel (London) Ltd (The) Riverbank Hotel Operator Ltd Rocco Forte & Family Ltd Royal Garden Hotel Ltd Shearings Hotels Ltd Somerston Hotels UK Ltd South Bank Hotel Mngmnt Co. Ltd Splendid Property Co. Ltd St Giles Hotel Ltd St. James Court Hotel Ltd St. James Hotel Ltd Strathmore Hotels Ltd Templeton Holdings Ltd Thistle Barbican Tenant Ltd Tonstate (Hotels) Ltd J.Townend & Sons (Hull) Ltd Travelodge Hotels Ltd Venice Antler 1 Ltd Victoria Park Plaza Operator Ltd Webb Hotels & Travel Ltd M F Wells (Hotels) Ltd The Westbury Hotel Ltd Whitbread PLC Yianis Holdings Ltd

1.2 Company Selection Our team of in-house analysts research the company sample thoroughly to ensure that the Report covers the top companies in the industry. A company will be included on the following grounds:


© Key Note Ltd 2011 Company Selection

i It is a major company within the industry with over 50 percent of its turnover coming from activities relevant to the subject of the Report.

ii It is a company where less than 50 percent of its turnover is generated from activities relevant to the industry, however it is, by virtue of its size, significant within the industry.

To ensure that the industry results are not distorted by figures relating to activities falling outside the scope of the title, the second group of companies is excluded from the Report totals and averages (see section 1.6).

Companies may have been removed from the Report for the following reasons:

i The company files modified accounts (as defined by the Companies Act), which makes it difficult to determine its importance in the sector, and means that it is unsuitable for ratio calculation. Or its turnover falls below £12.0 million, which has been used to identify major companies in this Report.

The following companies have been removed on these grounds: Clermont Leisure (UK) Ltd, Hira Co. Ltd, Hollybush Hotels Ltd, Morethan Bidco Ltd, SI Argyle Street Ltd and SLC Turnberry Ltd.

ii The latest analysed accounts available on the company are too old to be meaningful to the analysis.

iii The company is not a live trading company, i.e. it is dormant, in liquidation or receivership, or has transferred its trade to another company.

Beetham Hotels Manchester Ltd has been removed on these grounds.

iv The company’s first accounts are not yet available from Companies House at the time of publication.

v The company is no longer relevant to the Report.

vi The company is represented in the Report by its subsidiaries, holding company or ultimate holding company.

1.3 Changes of Name The following companies have changed their names since the publication of the previous edition: AHG Venice is now called De Vere Venice Limited. De Vere Hotels & Leisure Ltd is now called De Vere Village Trading No 1 Ltd. Stakis Ltd is now called Hilton Worldwide Ltd. Verve Venues Properties Ltd is now called De Vere Venues Properties Ltd. Village Hotels & Leisure Ltd is now called De Vere Village & Hotels Ltd.

1.4 New Additions to the Report The following companies have been added to the current edition: Jarvis Hotels Ltd, London May Fair Hotel Ltd and Whitbred PLC.

1.5 Treatment of Holding Companies and Subsidiaries Where one company accounts for the majority of a group’s turnover, the analyst will decide which company is most relevant to the Report.

In some cases, both a holding company and its subsidiary may be included where both are considered to be of significant importance within the sector. Where this could lead to double counting in the totals and averages, one of the companies will be excluded from the calculations. The names of


Company Selection © Key Note Ltd 2011

all companies which have been excluded from the Report totals and averages will be preceded by an asterisk in the Performance League Tables.

The following companies have been excluded from the totals and averages on the above grounds: Menzies Hotels Operating Ltd and Ramside Estates.

1.6 Diversity of Business Interests Some companies declare a varied range of business interests in their registered trading activity and SIC Codes, not all of which are relevant to the subject of the Report. These companies will be excluded from the Report totals and averages to prevent distortion.

The following companies have been excluded on these grounds:

The Barton Grange Group Ltd, Blackpool Pleasure Beach(Holdings) Ltd, Bridgemere UK PLC, Deckers Restaurants Ltd, De Vere Venice Ltd, Festival Group Ltd, Imperial London Hotels Ltd, L51N Ltd, J.H. Leeke & Sons, Longmint Group Ltd, MWB Group Holdings PLC, PBN Holdings Ltd, Ritz Hotel (London) Ltd (The), J.Townsend & Sons (Hull) Ltd, M F Wells (Hotels) Ltd, Whitbread PLC and Yianis Holdings Ltd.

1.7 Large Changes in Accounts Some companies report very large variances in their figures from one year to the next, due to acquisitions, large exceptional items, etc. These companies will be excluded from the Report totals and averages.

The following companies have been excluded on these grounds: Accor UK Business & Leisure Hotels Ltd, Adda Hotels, BDL Select Hotels Ltd, Britannia Hotels Ltd, Corus Hotels Ltd, De Vere Venues Properties Ltd, De Vere Village Trading No 1 Ltd, Doyle Hotels (UK) Ltd, Doyle London Hotels Ltd, Edwardian Group Ltd, Forestdale Hotels Ltd, Gleneagles Hotels Ltd, Guoman Hotel Holdings Ltd, Guoman Hotel Management (UK) Ltd, Hilton International Hotels Ltd, Hilton Worldwide Ltd, Hotel Property Investors UK Ltd, Jurys Hotel Group (UK) Ltd, Kew Green Hotels Ltd, The Lancaster Landmark Hotel Co. Ltd, Lanesborough Management Ltd, LRG Hotel Group (UK) Ltd, Macdonald Hotels Ltd, Marston Hotels Ltd, Paragon Hotels Ltd, Paramount Hotels Ltd, Peel Hotels PLC, Percy R.Brend & Sons (Hoteliers) Ltd, Premier Inn Hotels Ltd, Puma Hotels PLC, Qhotels Group Ltd, QMH Ltd, Quintain Estates & Development PLC, Shearings Hotels Ltd, Somerston Hotels UK Ltd and Travelodge Ltd.

1.8 Exports Some companies derive a proportion of their revenue from exported goods or services. Companies that derive 90 percent or more of their turnover through these means will be excluded from the totals and averages of the Report.

Marriot Hotels Ltd has been excluded on these grounds.

1.9 Exceptionally Large Companies Occasionally an industry can be dominated by one or several exceptionally large companies. This may also distort the totals and averages for the sector, and therefore these companies may also be excluded from the calculations.

This section provides an at-a-glance overview of industry performance, profiling the performance of the industry and leading companies within the Report.

2. Industry Overview

Industry Overview © Key Note Ltd 2011

Introduction This Business Ratio Report focuses on the leading 143 companies active in the hotel industry. At the time of publication, there were three companies which had not filed accounts in the 2009/10 period. A further eleven companies have filed accounts subsequent to the cut-off date, and these are presented in the 2010/11 Recently Filed Accounts column of the Performance League Tables and relevant Company Profiles, but are not used in any of the analysis.

The Report analyses company and industry performance over the three years up to 7th June 2010. During this period, the average Report company experienced a 1.8 percent increase in turnover, with sales rising from £47.8 million in 2007/08 to £50.8 million in the middle review year before falling to finish at £48.7 million in 2009/10. Pre-tax profits fell from £5.2 million in the first year of review to 667,000 in the third year, representing a contraction of 87.1 percent overall. The relationship between the average sales and pre-tax profits during the review period is illustrated in figure 2.1, below.

During the analysis period the Report company recorded universal decline in the profitability and growth indicators, whilst all liquidity and most of the employee performance ratios improved. A predominately positive trend emerged across the gearing ratios, with efficiency ratios recording mixed results. Although sales have improved over the three year period, profits have declined with a steep dip in the final year.

Industry Performance PROFITABILITY

Return on capital (the percentage return on the funds invested in a company) fell from 5.1 percent in 2007/08 to 1.5 percent in 2009/10. Return on total assets declined from 3.4 percent in the first year of review to 1.0 percent in the third year, whilst the pre-tax profit margin reduced from 12.7 percent to 3.7 percent over the same period. The return on investment ratios completed this negative set of results by falling from 6.1 percent in 2007/08 to 3.0 percent in 2009/10.

0

10

20

30

40

50

60

07/08 08/09 09/10

£ (millions)

Year

Figure 2.1: Sales and Pre-Tax Profits of the Average Company

Sales

Pre-Tax Profits

© Key Note Ltd 2011

The universal deFigure 2.2, below.

Asset utilisation (the0.27 in the first andindicates that, in eabelow the value of held in the 2009/10

The sales to fixeReport. Stocks to sa2009/10. The averato 14 days in 2009/1

The current ratio (aassets) improved frreview year. Thus, tyears, as current lia

The quick ratio (review to 0.45 in the

Total debt to net wonet worth) deteriorareview year, beforeof this improvement

2. Indust

decline in the profitability ratios during the analysis

EFFICIENCY

the volume of a company’s sales in comparison to tnd second analysis years before falling to 0.26 in theach year of the analysis period, the Report compa

its total assets; with sales of £0.26 generated for 10 analysis period.

ixed assets ratio remained unchanged at 0.4 percen sales improved by reducing from 2.7 percent in 20rage amount of time taken to claim trade debts fell 9/10.

LIQUIDITY

(a company’s ability to fulfil its short term financial o from 0.33 in 2007/08 to 0.47 in 2008/09 before peas, the Report company was unable to repay its shor liabilities surpassed the value of its current assets.

o (liquidity less the value of stocks held) rose from 0the middle year, before reaching 0.50 in 2009/10.

GEARING

worth (a company’s long term borrowings calculatedrated by rising from 206.3 percent in 2007/08 to 20re improving in the final year by falling to 193.7 perent, the Report company maintained a borrowing str

stry Overview

Industry Overview

is period are illustrated in

o total assets held) stood at the third year. This pany’s sales levels fell r every £1.00 of assets

ent all three years of the 2007/08 to 0.9 percent in ell from 19 days in 2007/08

l obligations through its eaking at 0.51 in the final ort term loans in all three

ts.

0.31 in the first year of

ted as a percentage of its 207.0 percent in the middle ercent in 2009/10. In spite

structure in which total

2. Industry Overvie

Industry Overview

debts surpassed thegearing ratios durin

Equity gearing inthird year. Income gcosts of external loarepresenting a decl

Figure 2.4, below, ranalysis period.

Sales P

Capital Employed p

Pay P

view

the net worth of the company. Figure 2.3 below, illuring the three year review period.

increased from 49.6 percent in the first year of reve gearing (the percentage of pre-interest profits exploans) increased from 40.9 percent in 2007/08 to 65cline.

EMPLOYEE PERFORMANCE

, represents the results of the employee performan

0 50 100 150 2

Per Employee

d per Employee

Per Employee

£ '000s

Figure 2.4: Employee Performance

© Key Note Ltd 2011

illustrates the results of the

eview to 49.8 percent in the xpended to finance the 65.5 percent in 2009/10,

ance ratios during the

00

07/08

08/09

09/10


© Key Note Ltd 2011 Industry Overview

There were 725 people working at the Report company in 2009/10. During the review period the average employee experienced a 9.7 percent increase in their annual salary, rising from £15,922 in the first year of review to 17,469 in the third year. Sales per employee climbed from £63,000 in 2007/08 to £67,000 in 2009/10, improving by 6.3 percent overall. The pay to sales ratio recorded deterioration, increasing from 25.6 percent in 2007/08 to 26.2 percent in 2009/10. Capital employed per employee (the amount of funding allocated to assist each individual in their job role) rose from £172,000 in 2007/08 to £185,000 in the final review year.

GROWTH

Sales growth declined from 7 percent growth between 2007/08 and 2008/09 to a contraction of 4 percent between 2008/09 and 2009/10, resulting in a compound growth of 1 percent overall. Growth in pre-tax profits fell from a contraction of 35 percent in the first half of the analysis period to a contraction of 54 percent in the second half. A compound contraction of 45 percent was recorded overall. The changes in the average company’s growth rates are depicted in Figure 2.5, below.

Total assets growth reduced from 8 percent between 2007/08 and 2008/09 to a contraction of 2 percent between 2008/09 and 2009/10. A compound growth of 3 percent was attained for the three years overall. Growth in employee numbers declined from 2 percent growth in the first half of the analysis period to a contraction of 6 percent in the second half, generating a compound contraction of 2 percent.

Company Performance Matrix l lists the top ten Report companies by turnover for 2009/10. The Matrix is led by Millenium & Copthorne Hotels PLC with sales of £654.0 million, followed by Premier Inn with £476.1 million. The company at the entry-level position of this table is Marriot Hotels with its turnover figure of £158.4 million in 2009/10. Whitbred PLC, L5n1, De Vere Venice and MWB Group Holdings PLC have been excluded from the table to the diverse nature of their business interests.

The Report average pre-tax profit margin of 3.7 percent was bettered by six Matrix l firms, with Accor UK Business & Leisure Hotels gaining the highest margin of 23.0 percent. Six

1%

-45%

3%

-2%

-4%

-54%

-2%

-6%

7%

-35%

8%

2%

-60% -50% -40% -30% -20% -10% 0% 10% 20%

Sales Growth

Pre-tax Profits Growth

Total Assets Growth

Number of Employees Growth

Figure 2.5: Growth

07/08-08/09

08/09-09/10

Compound


Industry Overview © Key Note Ltd 2011

companies equalled or exceeded the Report average asset utilisation ratio of 0.26, with Marriot Hotels attaining the highest ratio of 9.53. Three companies were able to improve their asset utilisation ratios in consecutive years of the analysis period.

MATRIX I: TOP TEN COMPANIES BY TURNOVER 2009/10

Six out of the nine companies with available figures recorded a total debt to net worth ratio which fell below the Report average of 193.7 percent with all five of these companies borrowing less than the value of their net worth in 2009/10. Three companies were able to reduce their gearing levels in consecutive years of the analysis period.

Five companies exceeded the Report average sales growth rate of 1 percent with Endell Group Holdings and Travelodge Hotels attaining the highest growth rate of 10 percent. Five companies suffered a contraction in their sales during the analysis period.

MATRIX II: TOP TEN COMPANIES BY PRE-TAX PROFIT MARGIN 2009/10

Matrix ll represents the top ten Report companies by pre-tax profit margin in 2009/10. The table is led by London Tara Hotel with a profit margin of 42.8 percent, followed by CDL Hotels (UK) with a margin of 40.1 percent. The company at the entry-level position of this table is Jurys Hotel Group (UK) with its margin of 25.4 percent.

Company Name and

Profit Margin (%)

Asset Utilisation Total Debt/Net Worth (%)

Sales Growth

Third Year Sales £ million 09/10 08/09 07/08 09/10 08/09 07/08 09/10 08/09 07/08 %

Report Averages 3.7 7.7 12.7 0.26 0.27 0.27 193.7 207.0 206.3 1

Mllnnm & Cpthrn Htls PLC 654.0 12.5 14.6 23.5 0.24 0.24 0.28 19.4 29.1 29.9 -1

Premier Inn 476.1 21.5 34.7 27.3 0.22 0.20 0.19 809.2 1704.5 6028.1 3

Endell Group Holdings. 297.3 -34.2 -27.0 -25.9 0.37 0.36 0.30 ^ ^ ^ 10

Travelodge Hotels 294.4 22.6 3.0 6.9 0.27 0.29 0.25 15.2 11.1 9.5 10

QMH 250.7 -5.2 -1.1 -1.2 0.32 0.29 0.28 222.9 152.9 122.3 -1

Dorchester Group. 243.4 10.1 16.0 19.8 0.23 0.23 0.26 132.1 129.4 133.9 3

Guoman Hotel Hldgs. 198.6 -4.7 26.6 0.4 0.26 0.28 0.26 273.1 266.4 240.6 -1

Accor UK Bus. & Lsr Htels 189.1 23.0 18.9 87.8 0.64 0.56 0.57 16.1 41.7 57.5 -1

LRG Hotels 175.6 13.2 16.5 24.2 0.13 0.16 0.19 127.2 118.3 87.7 -5

Marriott Hotels 158.4 -0.4 0.4 0.4 9.53 7.00 8.37 22.4 97.6 82.5 2

Company Name and

Profit Margin (%)

Asset Utilisation Total Debt/Net Worth (%)

Sales Growth

Third Year Sales £ million 09/10 08/09 07/08 09/10 08/09 07/08 09/10 08/09 07/08 %

Report Averages 3.7 7.7 12.7 0.26 0.27 0.27 193.7 207.0 206.3 1

London Tara Hotel 24.0 42.8 42.5 42.4 0.36 0.39 0.37 1.0 1.9 1.3 0

CDL Hotels (U.K.) 34.2 40.1 37.0 38.9 0.28 0.29 0.29 231.7 235.3 225.7 -2

Park Tower Hotel (The) 25.9 37.3 36.4 32.1 1.52 1.64 1.76 343.6 443.4 108.4 -6

London Britannia Hotel 18.8 35.2 31.0 35.2 0.21 0.23 0.23 11.4 13.4 10.1 -5

Claridge's Hotel 48.6 34.8 38.6 39.4 0.17 0.19 0.19 1.9 2.4 1.7 1

Imperial Lndn Htls (The) 61.2 31.4 24.8 21.0 0.48 0.49 0.47 0.0 5.9 6.4 4

The Berkerley Hotel 37.0 41.7 34.9 38.9 0.17 0.18 0.20 0.4 0.9 0.4 -2

Churchill Group 32.4 28.9 32.0 22.9 0.24 0.26 0.24 240.5 275.4 294.7 6

FBM London 14.4 27.4 24.2 21.1 0.42 0.43 0.41 357.6 380.8 618.0 3

Jurys Hotel Group (UK) 12.1 25.4 23.2 64.5 0.11 0.12 0.12 1.9 0.6 0.0 -1


© Key Note Ltd 2011 Industry Overview

Hilton International Hotels (UK) has been excluded from the table due an exceptional profit item in its 2008/09 accounts, while The Berkerley Hotel has been repositioned in the table due to an exceptional profit item in its third year accounts.

Five companies exceeded the Report average asset utilisation ratio of 0.26, with The Park Tower Hotel gaining the highest ratio of 1.52.

Five companies bettered the report average gearing level of 193.7 percent by recording a total debt to net worth ratio below this figure. All five companies also borrowed less than the value of their net worth in 2009/10, whilst three companies successfully reduced their gearing year on year during the analysis period.

Four companies equalled or exceeded the Report average sales growth rate of 1 percent, whilst five companies suffered a contraction in their sales during the same period. The Churchill Group, achieved the greatest sales growth rate of 6 percent from the table.

PUBLISHED APRIL 2011

Com

pany Profiles

This section provides a detailed profile of eachcompany in the report, in alphabetical order,covering:

● Corporate and Directory Information● Profit & Loss● Balance Sheet● Performance Analysis● League Table Positions

Accor UK Business & Leisure Hotels Ltd

Address255 Hammersmith RdLondonW6 8SJ

Telephone 020 8237 7474

Fax 020 8237 7410

Trading ActivityThe development and management of hotels.Trades as ’Novotel’, ’Mercure’ and ’Sofitel’.

Main SIC Codes55111

Directors (as at May 2011)Jean J. M. DessorsHerve O. A. DelignyThomas A. M. Dubaere

Company SecretaryJean J. M. Schmitt

AuditorsDeloitte Llp

BankersHsbc Bank Plc

Date Incorporated30/06/1971

Registered Number01016187

Previous Name(s) with date(s) of changeNovotel (U.K.) Ltd, 28/09/1999

Holding CompanyAccor (U.K.) Ltd

Ultimate Holding CompanyAccor Sa

Main UK Subsidiaries with Turnover (£’000)Novotel Milton Keynes & London CitySouth Ltd 2Accor All Seasons Southwark Ltd 2Novotel Hotel Edinburgh Ltd 1Novotel York Ltd

Profit & Loss

Date of Accounts 31/12/2009 31/12/2008 31/12/2007£000s £000s £000s

Sales 189,064 198,258 194,346Pre-tax Profit 43,458 37,528 170,604

Exports 0 0 0Non-Trading Income 55,312 15,259 137,446Depreciation 6,736 5,838 7,420Interest Paid 36 1 1,579

Auditors Fees 78 75 73

Directors Emoluments 903 811 677Employee Pay 38,314 40,506 40,790

Number of Employees 2,179 4,124 4,290

Balance Sheet


Tangible Fixed Assets 34,092 30,157 23,938Intangible Assets 5,717 6,183 6,650Intermediate Assets 66,814 82,630 88,193

Total Fixed Assets 106,623 118,970 118,781

Stocks 590 608 610Trade Debtors 10,675 11,501 10,073Other Current Assets 176,073 222,948 209,748

Total Current Assets 187,338 235,057 220,431

Total Assets 293,961 354,027 339,212

Trade Creditors 8,983 10,732 8,183Short-Term Loans 33,334 89,833 106,536Other Current Liabilities 38,442 31,782 32,456

Total Current Liabilities 80,759 132,347 147,175

T/Assets - C/Liabilities 213,202 221,680 192,037

Long-Term Loans 0 0 0Other L/Term Liabilities 0 0 0Total Capital & Reserves 213,202 221,680 192,037

Capital Employed 213,202 221,680 192,037

Type of Accounts Unconsolidated Unconsolidated Unconsolidated

Number of weeks 52 52 52

Company Profiles

3-2 Key Note LtdSee sections 6 & 7 for Analysis Notes and Definitions

Accor UK Business & Leisure Hotels Ltd

Performance Analysis

Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 14.8 10.6 50.3Return on Capital (%) - 20.4 16.9 88.8Pre-tax Profit Margin (%) - 23.0 18.9 87.8Return on Investment (%) - 17.6 12.0 57.7Rtn. on Total Capital & Reserves (%) - 20.4 16.9 88.8

Liquidity Ratios Quick Ratio (Acid Test) - 2.31 1.77 1.49Current Ratio - 2.32 1.78 1.50

Gearing Ratios Total Debt / Net Worth (%) - 16.1 41.7 57.5Equity Gearing (%) - 264.0 167.5 130.5Income Gearing (Interest Cover) (%) - 0.1 0.0 0.9

Efficiency Ratios Debtor Days Outstanding - 21 21 19Working Capital / Sales (%) - 56.4 51.8 37.7Stocks / Sales (%) - 0.3 0.3 0.3Sales / Capital Employed - 0.9 0.9 1.0Sales / Fixed Assets - 5.5 6.6 8.1Creditor Days - 17 20 15Asset Utilisation - 0.64 0.56 0.57

Employee Performance Pay per Employee (£) - 17,583 9,822 9,508Profit per £ of Pay (£) - 1.13 0.93 4.18Profit per Employee (£) - 19,944 9,100 39,768Sales per Employee (£) - 86,766 48,074 45,302Capital Employed per Employee (£) - 97,844 53,754 44,764Fixed Assets per Employee (£) - 15,646 7,313 5,580Pay / Sales (%) - 20.3 20.4 21.0

Other Ratios Exports / Sales (%) - 0.0 0.0 0.0

League Table Positions

Position in subsectorProfitability Return on Total Assets 6Return on Capital 9Pre-tax Profit Margin 14Return on Investment 7

Position in subsectorLiquidity Quick Ratio (Acid Test) 23Current Ratio 26

Position in subsectorGearing Total Debt / Net Worth 25Equity Gearing 20Income Gearing (Interest Cover) 18

Position in subsectorEfficiency Debtor Days Outstanding 104Stocks / Sales 32Sales / Fixed Assets 12Asset Utilisation 41

Position in subsectorEmployee Performance Pay per Employee 58Profit per £ of Pay 11Sales per Employee 50Capital Employed per Employee 66Pay / Sales 93

Position in subsectorGrowth Sales Growth 72Pre-tax Profit Growth 60Total Assets Growth 109Number of Employees Growth 118Exports Growth -

Special Notes Symbols

2008 PBT includes 4.2m profit on sale of tangible fixed ^ represents a figure that cannot be calculated.assets (2007 = 129.5m). - indicates a figure that is unavailable.

This company is one of the 143 companies appearing in Subsector 1 : THE HOTEL INDUSTRY

Company Profiles

3-3Key Note LtdSee sections 6 & 7 for Analysis Notes and Definitions

Accor UK Economy Hotels Ltd

Address255 Hammersmith RoadHammersmithLondonW6 8SJ

Telephone 02082377474

Fax 02082377410

Trading ActivityThe ownership and operation of, andprovision of management services to, hotels,and the research and development ofpotential sites for ’Ibis’, ’Etap’ and ’F1’hotels.

Main SIC Codes55111

Directors (as at May 2011)Jean J. M. DessorsHerve O. A. DelignyThomas A. M. Dubaere

Company SecretaryJean J. M. Schmitt





Previous Name(s) with date(s) of changeIbis (U.K.) Hotels Ltd, 28/09/1999Sphere (U.K.) Ltd, 27/02/1998Ibis Hotels Ltd, 28/01/1987Novotel Operations Ltd, 31/12/1977

Holding CompanyAccor (U.K.) Ltd

Ultimate Holding CompanyAccor Sa

Main UK Subsidiaries with Turnover (£’000)Accor Ireland Hotels Ltd 1Ibis Hull LtdEtap Birmingham LtdEtap Bradford Ltd

Profit & Loss



Exports 0 0 0Non-Trading Income 3,009 7,727 57,174Depreciation 6,630 5,384 4,745Interest Paid 0 1 708

Auditors Fees 0 0 0


Number of Employees 1,059 1,040 990

Balance Sheet


Tangible Fixed Assets 43,837 47,294 38,292Intangible Assets 0 0 0Intermediate Assets 23,798 23,798 52,541




Total Assets 180,085 172,471 186,550




Long-Term Loans 0 0 0Other L/Term Liabilities 1,967 2,461 2,273Total Capital & Reserves 115,203 105,172 90,313




Company Profiles


Accor UK Economy Hotels Ltd
















^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Adda Hotels

AddressMaple CourtCentral Park Reeds CrescentWatfordHertfordshireWD24 4QQ

Trading ActivityHotel operators.

Main SIC Codes55111

Directors (as at May 2011)Mark J. WayPaul F. JamesStephen HumphreysJohn C. PhilipSimon R. VincentElizabeth J. RabinHilton Corporate Director Llc

Company SecretaryHlt Secretary Limited

AuditorsErnst & Young Llp



Holding CompanyHlt Managed Iv-A Holding Ltd

Ultimate Holding CompanyBh Hotels Holdco Llc

Profit & Loss


Sales 121,877 138,561 136,205Pre-tax Profit -42,584 4,255 -2,055

Exports 0 0 0Non-Trading Income 262 8 138Depreciation 8,899 5,595 4,345Interest Paid 0 251 1,158

Auditors Fees 0 0 0

Directors Emoluments 0 0 0Employee Pay

Number of Employees

Balance Sheet


Tangible Fixed Assets 90,523 128,581 122,841Intangible Assets 0 0 0Intermediate Assets 0 0 0




Total Assets 150,270 154,219 193,284








Company Profiles


Adda Hotels


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -28.3 2.8 -1.1Return on Capital (%) - -68.1 4.1 -2.1Pre-tax Profit Margin (%) - -34.9 3.1 -1.5Return on Investment (%) - -31.6 3.3 -0.5Rtn. on Total Capital & Reserves (%) - -68.1 4.1 -2.1


Gearing Ratios Total Debt / Net Worth (%) - 115.4 33.6 80.1Equity Gearing (%) - 71.3 203.0 99.5Income Gearing (Interest Cover) (%) - ^ 5.6 ^

Efficiency Ratios Debtor Days Outstanding - 11 15 19Working Capital / Sales (%) - -22.9 -18.2 -19.3Stocks / Sales (%) - 0.3 0.3 0.3Sales / Capital Employed - 1.9 1.3 1.4Sales / Fixed Assets - 1.3 1.1 1.1Creditor Days - 5 5 5Asset Utilisation - 0.81 0.90 0.70

Employee Performance Pay per Employee (£) - - - -Profit per £ of Pay (£) - - - -Profit per Employee (£) - - - -Sales per Employee (£) - - - -Capital Employed per Employee (£) - - - -Fixed Assets per Employee (£) - - - -Pay / Sales (%) - - - -





Position in subsectorGearing Total Debt / Net Worth 63Equity Gearing 61Income Gearing (Interest Cover) -


Position in subsectorEmployee Performance Pay per Employee -Profit per £ of Pay -Sales per Employee -Capital Employed per Employee -Pay / Sales -

Position in subsectorGrowth Sales Growth 99Pre-tax Profit Growth -Total Assets Growth 120Number of Employees Growth -Exports Growth -


2009 PBT includes 34.3m impairment charge on fixed assets. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Andrew Brownsword Hotels Ltd

Address4 Queen SquareBathBA1 2HA

Trading ActivityA group engaged in the operation of hotels.

Main SIC Codes55111

Directors (as at May 2011)Andrew D. BrownswordJeremy D. HancockMichael A. CainesNicholas Halliday

Company SecretaryDeborah J. Houghton

AuditorsO’Hara Wood Ltd



Previous Name(s) with date(s) of changeQuayshelfco 1033 Ltd, 20/10/2003

Main UK Subsidiaries with Turnover (£’000)The Royal Clarence Hotel Ltd 4The County Hotel Canterbury Ltd 3The Manchester Abode Ltd 2The Arthouse Glasgow Ltd 2

Profit & Loss


Sales 13,314 12,127 11,313Pre-tax Profit -721 -1,996 -1,782

Exports 0 0 0Non-Trading Income 212 591 698Depreciation 1,713 1,770 1,529Interest Paid 88 518 499



Number of Employees 386 394 388

Balance Sheet




Stocks 233 208 163Trade Debtors 294 311 328Other Current Assets 6,343 14,914 21,181


Total Assets 59,076 59,716 62,180

Trade Creditors 823 536 624Short-Term Loans 847 2,169 1,521Other Current Liabilities 930 1,019 1,577



Long-Term Loans 1,590 5,884 6,362Other L/Term Liabilities 379 352 354Total Capital & Reserves 54,507 49,756 51,742


Type of Accounts Consolidated Consolidated Consolidated


Company Profiles


Andrew Brownsword Hotels Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -1.2 -3.3 -2.9Return on Capital (%) - -1.3 -3.6 -3.0Pre-tax Profit Margin (%) - -5.4 -16.5 -15.8Return on Investment (%) - -1.1 -2.5 -2.1Rtn. on Total Capital & Reserves (%) - -1.3 -4.0 -3.4


Gearing Ratios Total Debt / Net Worth (%) - 4.5 16.3 15.4Equity Gearing (%) - 1,193.0 499.6 495.7Income Gearing (Interest Cover) (%) - ^ ^ ^


Employee Performance Pay per Employee (£) - 13,083 13,221 12,564Profit per £ of Pay (£) - -0.14 -0.38 -0.37Profit per Employee (£) - -1,868 -5,066 -4,593Sales per Employee (£) - 34,492 30,779 29,157Capital Employed per Employee (£) - 146,311 142,112 150,665Fixed Assets per Employee (£) - 134,049 111,129 103,028Pay / Sales (%) - 37.9 43.0 43.1








Position in subsectorGrowth Sales Growth 20Pre-tax Profit Growth -Total Assets Growth 87Number of Employees Growth 48Exports Growth -




Company Profiles


Apex Hotels Ltd

Address217 Gilmerton RoadEdinburghScotlandEH16 5UD


Fax 01316636449

Trading ActivityA group engaged in the operation andmanagement of hotels.

Main SIC Codes55111

Directors (as at May 2011)Dorothy SpringfordNorman SpringfordIan K. SpringfordDavid B. SpringfordJoan C. HarbisherJames M. WilkieAngela Vickers

Company SecretaryNorman Springford

AuditorsKpmg Llp

BankersRoyal Bank Of Scot


Registered NumberSC073489

Previous Name(s) with date(s) of changeArrow Leisure Ltd, 05/08/1997

Profit & Loss



Exports 0 0 0Non-Trading Income 0 0 0Depreciation 999 491 403Interest Paid 2,691 343 387




Balance Sheet






Total Assets 234,832 175,962 162,636

Trade Creditors 865 2,581 1,453Short-Term Loans 30,000 25,209 24,867Other Current Liabilities 2,733 1,576 1,990



Long-Term Loans 80,683 70,242 47,523Other L/Term Liabilities 6,039 3,534 2,357Total Capital & Reserves 114,512 72,820 84,446




Company Profiles


Apex Hotels Ltd
















2010 PBT includes exceptional income of 2.3m. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Arora Hotels Ltd

AddressThe GroveBath RoadHarmondsworthMiddlesexUB7 0DG

Trading ActivityHoteliers.

Main SIC Codes55111

Directors (as at May 2011)Surinder AroraSunita AroraGuy C. R. MorrisSubash C. AroraCarlton Brown

Company SecretarySubash C. Arora

AuditorsBdo Llp



Previous Name(s) with date(s) of changeArora Gatwick Airport Ltd, 27/02/2006

Holding CompanyArora Hldgs. Ltd

Ultimate Holding CompanyArora Hldgs. Ltd

Profit & Loss


Sales 62,603 54,102 42,589Pre-tax Profit -6,643 -6,670 822

ExportsNon-Trading Income 0 5 1Depreciation 3,701 3,664 2,654Interest Paid 947 1,444 1,824


Directors Emoluments 0 0Employee Pay 13,714 13,725 7,397


Balance Sheet






Total Assets 68,494 69,677 39,998




Long-Term Loans 0 0 21,484Other L/Term Liabilities 0 0 0Total Capital & Reserves 2,455 9,098 768




Company Profiles


Arora Hotels Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -9.7 -9.6 2.1Return on Capital (%) - -270.6 -73.3 3.7Pre-tax Profit Margin (%) - -10.6 -12.3 1.9Return on Investment (%) - -9.4 -9.5 8.3Rtn. on Total Capital & Reserves (%) - -270.6 -73.3 107.0


Gearing Ratios Total Debt / Net Worth (%) - 2,380.8 505.1 4,045.2Equity Gearing (%) - 3.7 15.0 2.0Income Gearing (Interest Cover) (%) - ^ ^ 68.9


Employee Performance Pay per Employee (£) - 21,699 22,390 18,679Profit per £ of Pay (£) - -0.48 -0.49 0.11Profit per Employee (£) - -10,511 -10,881 2,076Sales per Employee (£) - 99,055 88,258 107,548Capital Employed per Employee (£) - 3,884 14,842 56,192Fixed Assets per Employee (£) - 82,813 91,181 83,146Pay / Sales (%) - 21.9 25.4 17.4

Other Ratios Exports / Sales (%) - - - -











Company Profiles


The Barton Grange Group Ltd

AddressGarstang RoadBartonPrestonLancashirePR3 5AA


Trading ActivityA group engaged as hoteliers and operatorsof garden centres, nurseries and landscapingcontractors.

Main SIC Codes52489011205511101410

Directors (as at May 2011)Edward G. ToppingEdward P. ToppingGuy ToppingIan ToppingJonathan Heaton

Company SecretaryRobert J. Dixon

AuditorsMontpelier Audit Ltd




Previous Name(s) with date(s) of changeBarton Grange Hotel Ltd, 02/10/1994The Barton Grange Group Ltd, 19/03/1993Barton Grange Hotel Ltd, 17/03/1993

Profit & Loss


Sales 21,175 18,719 14,429Pre-tax Profit 1,493 -420 709

Exports 0 0 0Non-Trading Income 103 275 778Depreciation 869 933 444Interest Paid 180 383 382




Balance Sheet




Stocks 2,427 2,196 1,322Trade Debtors 924 1,297 1,122Other Current Assets 3,086 2,575 9,678


Total Assets 23,132 23,075 26,595

Trade Creditors 1,309 1,340 2,546Short-Term Loans 490 2,882 8,033Other Current Liabilities 1,961 1,922 1,075



Long-Term Loans 4,301 2,135 317Other L/Term Liabilities 1,194 1,074 402Total Capital & Reserves 13,877 13,722 14,222




Company Profiles


The Barton Grange Group Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 6.5 -1.8 2.7Return on Capital (%) - 7.7 -2.5 4.7Pre-tax Profit Margin (%) - 7.1 -2.2 4.9Return on Investment (%) - 8.4 -0.2 4.7Rtn. on Total Capital & Reserves (%) - 10.8 -3.1 5.0


Gearing Ratios Total Debt / Net Worth (%) - 34.5 36.6 58.7Equity Gearing (%) - 149.9 146.7 114.9Income Gearing (Interest Cover) (%) - 10.8 ^ 35.0

Efficiency Ratios Debtor Days Outstanding - 16 25 28Working Capital / Sales (%) - 12.6 -0.4 3.2Stocks / Sales (%) - 11.5 11.7 9.2Sales / Capital Employed - 1.1 1.1 1.0Sales / Fixed Assets - 1.3 1.1 1.0Creditor Days - 23 26 64Asset Utilisation - 0.92 0.81 0.54

Employee Performance Pay per Employee (£) - 12,417 11,364 12,375Profit per £ of Pay (£) - 0.23 -0.07 0.14Profit per Employee (£) - 2,801 -764 1,684Sales per Employee (£) - 39,728 34,035 34,273Capital Employed per Employee (£) - 36,345 30,784 35,489Fixed Assets per Employee (£) - 31,323 30,922 34,378Pay / Sales (%) - 31.3 33.4 36.1












Company Profiles


B.D.L Select Hotels Ltd

AddressHoliday Inn Heathrow Bath Road SWest DraytonWest DraytonMiddlesexUB7 0DP

Trading ActivityA group engaged in the development andtrading of hotels. Commenced trading 4.4.08.

Main SIC Codes55111

Directors (as at May 2011)Louis P. WoodcockStuart J. McCafferSteven ScottPaul M. JohnstonJohn Boyle

Company SecretaryStuart J. McCaffer





Previous Name(s) with date(s) of changeContinental Shelf 432 Ltd, 18/03/2008

Main UK Subsidiaries with Turnover (£’000)Paten & Co. Ltd 6Paten Hotels Ltd 6Bdl Select Operations Ltd 2

Profit & Loss* year analysed in League Tables


Sales 15,904 14,354 8,393Pre-tax Profit 79 -2,910 323

Exports 0 0 0Non-Trading Income 6 -2,776 -778Depreciation 1,076 1,054 533Interest Paid 3,398 3,328 1,781




Balance Sheet


Tangible Fixed Assets 54,569 55,427 51,367Intangible Assets -2,513 -3,589 -4,643Intermediate Assets 0 0 0




Total Assets 56,277 54,425 51,751

Trade Creditors 826 643 728Short-Term Loans 0 0 0Other Current Liabilities 1,515 1,650 1,972



Long-Term Loans 55,019 53,554 47,563Other L/Term Liabilities 0 458 560Total Capital & Reserves -1,083 -1,880 928




* The Company’s accounts for 01/11/2009 are those used in the analysis.These are shown in bold text and are used to calculate the performancerankings in the League Tables. The later accounts fall outside the analysisperiod but have been presented for further information.

Company Profiles


B.D.L Select Hotels Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) 0.1 -5.3 1.1 -Return on Capital (%) 0.1 -5.6 1.1 -Pre-tax Profit Margin (%) 0.5 -20.3 3.8 -Return on Investment (%) 6.4 0.8 7.4 -Rtn. on Total Capital & Reserves (%) ^ ^ 60.3 -

Liquidity Ratios Quick Ratio (Acid Test) 1.75 1.07 1.81 -Current Ratio 1.80 1.13 1.86 -

Gearing Ratios Total Debt / Net Worth (%) 3,847.5 3,133.6 853.8 -Equity Gearing (%) -1.9 -3.3 1.8 -Income Gearing (Interest Cover) (%) 97.7 796.2 84.6 -

Efficiency Ratios Debtor Days Outstanding 13 25 13 -Working Capital / Sales (%) 11.8 2.0 16.0 -Stocks / Sales (%) 0.8 0.9 1.0 -Sales / Capital Employed 0.3 0.3 0.3 -Sales / Fixed Assets 0.3 0.3 0.3 -Creditor Days 19 16 18 -Asset Utilisation 0.28 0.26 0.28 -

Employee Performance Pay per Employee (£) 11,477 10,161 9,404 -Profit per £ of Pay (£) 0.02 -0.65 0.13 -Profit per Employee (£) 177 -6,614 1,179 -Sales per Employee (£) 35,579 32,623 30,627 -Capital Employed per Employee (£) 120,662 118,482 103,265 -Fixed Assets per Employee (£) 122,078 125,970 108,141 -Pay / Sales (%) 32.3 31.1 30.7 -

Other Ratios Exports / Sales (%) 0.0 0.0 0.0 -







Position in subsectorGrowth Sales Growth -Pre-tax Profit Growth -Total Assets Growth -Number of Employees Growth -Exports Growth -


2009 PBT includes exceptional charges of 2.8m ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


The Berkeley Hotel Ltd

AddressWilton PlaceLondonSW1X 7RL


Fax 02072354330


Main SIC Codes55111

Directors (as at May 2011)Mark N. HennebryStephen J. Alden

Company SecretaryCarole Walker

AuditorsKpmg

BankersBarclays Bank Plc



Previous Name(s) with date(s) of changeSavreg B Ltd, 18/12/1998

Holding CompanyCoroin Ltd

Ultimate Holding CompanyCoroin Ltd

Profit & Loss







Balance Sheet






Total Assets 223,048 213,059 197,760

Trade Creditors 1,862 2,126 1,816Short-Term Loans 967 1,769 683Other Current Liabilities 3,146 3,255 2,798



Long-Term Loans 0 0 0Other L/Term Liabilities 0 2,159 320Total Capital & Reserves 217,073 203,750 192,143




Company Profiles


The Berkeley Hotel Ltd




Gearing Ratios Total Debt / Net Worth (%) - 0.4 0.9 0.4Equity Gearing (%) - 3,633.0 2,188.7 3,420.7Income Gearing (Interest Cover) (%) - 0.0 0.0 0.0














Company Profiles


Blackfriars Hotels Ltd

Address19 New Bridge StreetLondonEC4V 6DB

Trading ActivityThe operation of hotel.

Main SIC Codes55111

Directors (as at May 2011)Mohammed A. R. Galadari

Company SecretaryMitre Secretaries Limited

AuditorsMoore Stephens Llp



Previous Name(s) with date(s) of changeForay 1068 Ltd, 06/07/1999

Holding CompanyBlackfriars Hotel (UK) Hldgs. Ltd

Ultimate Holding CompanyArg Hotels Ltd

Profit & Loss



Exports 0 0 0Non-Trading Income 1 58 61Depreciation 926 0 880Interest Paid 1,290 1,651 1,842




Balance Sheet






Total Assets 42,912 43,439 44,604

Trade Creditors 346 1,007 630Short-Term Loans 0 0 0Other Current Liabilities 1,327 1,342 1,559







Company Profiles


Blackfriars Hotels Ltd


















Company Profiles


Blackpool Pleasure Beach (Holdings) Ltd

Address525 Ocean BoulevardBlackpoolLancashireFY4 1EZ

Telephone 01253 341033

Trading ActivityA group engaged in the operation ofamusement parks and amusement devices,operation of a hotel and a mutal insurancecompany.

Main SIC Codes9233055111

Directors (as at May 2011)Barbara J. ThompsonFiona C. GiljeAmanda J. ThompsonNicholas W. R. Thompson

Company SecretaryDavid E. Cam

AuditorsBdo Llp




Previous Name(s) with date(s) of changeKnightlea Ltd, 05/10/1984

Main UK Subsidiaries with Turnover (£’000)Blackpool Pleasure Beach Ltd 23Ocean Boulevard Ii Ltd 3Cable Chutes (Blackpool) Ltd 3Blackpool Leisure & Amusement ConsultancyLtdSouth Shore Mutual Insurance Co. Ltd

Profit & Loss


Sales 28,106 29,553 34,336Pre-tax Profit 975 -3,851 4,026

Exports 0 0 0Non-Trading Income 1,056 -143 4,013Depreciation 3,159 4,067 3,919Interest Paid 324 767 1,285




Balance Sheet






Total Assets 31,007 32,158 38,284








Company Profiles


Blackpool Pleasure Beach (Holdings) Ltd






Employee Performance Pay per Employee (£) - 13,948 12,962 13,196Profit per £ of Pay (£) - 0.10 -0.31 0.31Profit per Employee (£) - 1,347 -3,990 4,146Sales per Employee (£) - 38,820 30,618 35,361Capital Employed per Employee (£) - 22,682 15,942 21,973Fixed Assets per Employee (£) - 31,401 22,352 23,625Pay / Sales (%) - 35.9 42.3 37.3












Company Profiles


Bridgemere UK PLC

AddressBridgemere HouseChester RoadPreston BrookCheshireWA7 3BD

Trading ActivityA group engaged in the remediation ofcontaminated land, hotel ownership and theprovision of property consultancy services.


Directors (as at May 2011)Stephen P. MorganVincent W. FaircloughAshley M. Lewis

Company SecretaryAshley M. Lewis




Previous Name(s) with date(s) of changeBridgemere UK Ltd, 14/03/2006Bridgemere Remediation Ltd, 10/03/2006Brand New Co. (301) Ltd, 19/12/2005

Holding CompanyBridgemere Investments Ltd

Ultimate Holding CompanyBridgemere Investments Ltd

Main UK Subsidiaries with Turnover (£’000)Bridgemere Development Capital PLC

Profit & Loss


Sales 62,788 32,538 33,126Pre-tax Profit -7,009 -9,953 -4,403

Exports 0 0 0Non-Trading Income 4,498 2,292 1,626Depreciation 16,156 2,322 1,703Interest Paid 2,612 3,051 4,814


Directors Emoluments 608 1,210 746Employee Pay 27,149 18,878 14,663


Balance Sheet


Tangible Fixed Assets 88,300 92,052 87,044Intangible Assets 179 -11,367 -13,569Intermediate Assets 0 0 27


Stocks 3,818 10,505 52,182Trade Debtors 4,712 5,275 2,569Other Current Assets 48,084 47,614 33,867


Total Assets 145,093 144,079 162,120

Trade Creditors 1,817 2,199 1,661Short-Term Loans 10,150 1,794 38Other Current Liabilities 11,726 7,418 12,595







Company Profiles


Bridgemere UK PLC


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -4.8 -6.9 -2.7Return on Capital (%) - -5.8 -7.5 -3.0Pre-tax Profit Margin (%) - -11.2 -30.6 -13.3Return on Investment (%) - -3.3 -5.1 0.3Rtn. on Total Capital & Reserves (%) - -531.0 -99.5 -88.4


Gearing Ratios Total Debt / Net Worth (%) - 8,984.4 472.0 645.3Equity Gearing (%) - 0.9 7.5 3.2Income Gearing (Interest Cover) (%) - ^ ^ 1,171.3












^ represents a figure that cannot be calculated.2009 PBT includes exceptional charges of 14.8m. - indicates a figure that is unavailable.


Company Profiles


Britannia Hotels Ltd

AddressHalecroft253 Hale Road HaleAltrinchamCheshireWA15 8RE


Trading ActivityA group engaged as hoteliers and propertydevelopers.


Directors (as at May 2011)Robert C. FerrariEileen DowneyAlexander Langsam

Company SecretaryRobert C. Ferrari

AuditorsGrant Thornton Uk Llp



Previous Name(s) with date(s) of changeBritannia Hotel Ltd, 31/12/1979

Main UK Subsidiaries with Turnover (£’000)Britannia Hotel Bolton Ltd 13Britannia Adelphi Hotel Ltd 8Britannia Country House Hotel Ltd 3Birmingham Intl. Hotel Ltd 2Britannia Hotel Leeds Ltd 1Ambassador (East Cliff) Ltd 1The Britannia Hotel Wolverhampton Ltd 1Britannia Hotel (Manchester) Ltd

Profit & Loss


Sales 52,249 40,509 39,235Pre-tax Profit -6,440 889 -3,601

Exports 0 0 0Non-Trading Income 0 0 0Depreciation 7 8 12Interest Paid 620 1,206 1,408




Balance Sheet


Tangible Fixed Assets 103,465 91,775 90,758Intangible Assets 1,088 1,169 1,250Intermediate Assets 0 0 0


Stocks 3,064 3,006 2,995Trade Debtors 1,177 702 1,170Other Current Assets 18,457 13,756 10,463


Total Assets 127,251 110,408 106,636

Trade Creditors 952 864 1,008Short-Term Loans 18,789 25,960 20,384Other Current Liabilities 17,102 14,674 17,227



Long-Term Loans 10,306 0 0Other L/Term Liabilities 14,756 515 717Total Capital & Reserves 65,346 68,395 67,300


Type of Accounts Unconsolidated Consolidated Consolidated


Company Profiles


Britannia Hotels Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -5.1 0.8 -3.4Return on Capital (%) - -7.1 1.3 -5.3Pre-tax Profit Margin (%) - -12.3 2.2 -9.2Return on Investment (%) - -5.3 2.2 -2.5Rtn. on Total Capital & Reserves (%) - -9.9 1.3 -5.4


Gearing Ratios Total Debt / Net Worth (%) - 45.3 38.6 30.9Equity Gearing (%) - 105.6 162.8 171.1Income Gearing (Interest Cover) (%) - ^ 57.6 ^


Employee Performance Pay per Employee (£) - 11,861 9,528 10,199Profit per £ of Pay (£) - -0.43 0.08 -0.32Profit per Employee (£) - -5,075 749 -3,256Sales per Employee (£) - 41,173 34,127 35,475Capital Employed per Employee (£) - 71,243 58,054 61,498Fixed Assets per Employee (£) - 81,533 77,317 82,060Pay / Sales (%) - 28.8 27.9 28.7












Company Profiles


Brook Hotels Ltd

AddressThe Coach HouseHigh StreetSevenoaksKentTN13 1HY


Fax 01732741041

Trading ActivityA group engaged in the ownership andoperation of hotels.

Main SIC Codes55111

Directors (as at May 2011)Umesh UmmatMervyn HumphriesChristopher L. EddlestoneAshok Umuiat

Company SecretaryMervyn Humphries

AuditorsCowgill Holloway Llp

Bankers090354



Previous Name(s) with date(s) of changeBrook Hotels PLC, 04/02/2004F S I Hotels PLC, 20/04/1994Ancamead PLC, 25/11/1986

Main UK Subsidiaries with Turnover (£’000)Brook Hotels (No.2) Ltd 8Brook Hotels No. 1 Ltd 4

Profit & Loss


Sales 16,061 16,887 19,838Pre-tax Profit 400 424 246

Exports 0 0Non-Trading Income 0 18 20Depreciation 114 67 74Interest Paid 467 548 854




Balance Sheet






Total Assets 25,107 18,254 16,500

Trade Creditors 2,507 2,223 2,059Short-Term Loans 1,957 402 50Other Current Liabilities 2,279 2,600 1,969







Company Profiles


Brook Hotels Ltd




Gearing Ratios Total Debt / Net Worth (%) - 1,038.6 888.8 767.5Equity Gearing (%) - 14.1 18.3 16.8Income Gearing (Interest Cover) (%) - 53.9 56.4 77.6


Employee Performance Pay per Employee (£) - 12,914 9,854 10,511Profit per £ of Pay (£) - 0.07 0.08 0.04Profit per Employee (£) - 950 795 378Sales per Employee (£) - 38,150 31,683 30,461Capital Employed per Employee (£) - 43,620 24,445 23,843Fixed Assets per Employee (£) - 44,734 24,150 23,123Pay / Sales (%) - 33.9 31.1 34.5

Other Ratios Exports / Sales (%) - - 0.0 0.0











Company Profiles


The Cavendish Hotel (London) Ltd

Address3rd Floor20 St James’s StreetLondonSW1A 1ES

Trading ActivityHotel ownership and operation.

Main SIC Codes55111

Directors (as at May 2011)Rigel K. MowattMichael SealHoward M. BarclayAidan S. BarclayPhilip L. PetersCiaran Fahy

Company SecretaryBroomfield Secretarial Services Limited

AuditorsPricewaterhousecoopers Llp



Holding CompanyEllerman Hldgs. Ltd

Ultimate Holding CompanyEllerman Hldgs. Ltd

Profit & Loss


Sales 12,907 13,904 17,412Pre-tax Profit 726 -1,419 -1,856

ExportsNon-Trading Income 8 140 114Depreciation 2,792 2,331 2,763Interest Paid 3,135 6,586 7,939




Balance Sheet






Total Assets 120,305 121,729 108,425




Long-Term Loans 121,799 121,698 106,674Other L/Term Liabilities 0 0 0Total Capital & Reserves -3,089 -3,275 -1,861




Company Profiles


The Cavendish Hotel (London) Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 0.6 -1.2 -1.3Return on Capital (%) - 0.6 -1.2 -1.3Pre-tax Profit Margin (%) - 5.6 -10.2 -10.7Return on Investment (%) - 3.3 4.4 4.4Rtn. on Total Capital & Reserves (%) - ^ ^ ^


Gearing Ratios Total Debt / Net Worth (%) - ^ ^ Êquity Gearing (%) - -2.5 -2.6 -1.7Income Gearing (Interest Cover) (%) - 81.2 127.5 130.5


Employee Performance Pay per Employee (£) - 21,144 23,795 21,430Profit per £ of Pay (£) - 0.33 -0.47 -0.49Profit per Employee (£) - 6,981 -11,173 -10,517Sales per Employee (£) - 124,106 109,480 98,662Capital Employed per Employee (£) - 1,141,442 932,465 788,068Fixed Assets per Employee (£) - 1,112,404 928,795 782,519Pay / Sales (%) - 17.0 21.7 21.7





Position in subsectorGearing Total Debt / Net Worth -Equity Gearing 113Income Gearing (Interest Cover) 74







Company Profiles


C.D.L Hotels (U.K.) Ltd

Address165 Queen Victoria StreetLondonEC4V 4DD

Trading ActivityThe ownership and operation of theMillennium Gloucester Hotel and theMillennium Bailey’s Hotel.

Main SIC Codes55111

Directors (as at May 2011)Leng B. KwekCopthorne Hotels LimitedAdrian J. Bushnell

Company SecretaryCopthorne Hotels Limited

AuditorsKpmg Audit Plc



Previous Name(s) with date(s) of changeFlowertrade Ltd, 28/10/1992

Holding CompanyMillennium Hotels London Ltd

Ultimate Holding CompanyHong Leong Investment Hldgs. Pte Ltd

Profit & Loss





Directors EmolumentsEmployee Pay 7,022 7,923 8,253


Balance Sheet


Tangible Fixed Assets 120,216 121,759 121,257Intangible Assets 0 0 0Intermediate Assets 0 303 2,553


Stocks 62 69 85Trade Debtors 106 235 284Other Current Assets 2,644 1,359 983


Total Assets 123,028 123,725 125,162

Trade Creditors 19 16 1Short-Term Loans 81,725 22,879 22,813Other Current Liabilities 2,747 2,412 2,532



Long-Term Loans 0 59,984 59,984Other L/Term Liabilities 3,258 3,221 3,144Total Capital & Reserves 35,279 35,213 36,688




Company Profiles


C.D.L Hotels (U.K.) Ltd


















Company Profiles


Centre Island Hotels Ltd

Address62 Castle StreetLiverpoolL2 7LQ


Main SIC Codes55111

Directors (as at May 2011)Michael P. O DonoghueMartin W. GriffithsDennis P. KennedyDonal Ring

Company SecretaryBasil M. Gillett

AuditorsBaker Tilly Uk Audit Llp

BankersAllied Irish Banks



Previous Name(s) with date(s) of changeTargetform Ltd, 28/11/2001

Holding CompanyTravan Srvcs. Ltd

Ultimate Holding CompanyTravan Srvcs. Ltd

Main UK Subsidiaries with Turnover (£’000)Centre Island Birmingham Ltd 11Centre Island Development Co. (1997)Ltd 10Centre Island Development Co. Ltd 7H.I. Lime Street Ltd 5Centre Island Preston Ltd 3Bestissue LtdCentre Island Mgmt. Ltd

Profit & Loss


Sales 42,251 29,682 32,031Pre-tax Profit -90 -490 1,497

Exports 0 0 0Non-Trading Income 129 13 1,163Depreciation 4,340 2,416 2,539Interest Paid 3,926 3,706 3,274




Balance Sheet




Stocks 140 106 125Trade Debtors 1,169 874 1,152Other Current Assets 9,347 11,188 9,256


Total Assets 113,926 118,508 103,689








Company Profiles


Centre Island Hotels Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -0.1 -0.4 1.4Return on Capital (%) - -0.1 -0.5 1.7Pre-tax Profit Margin (%) - -0.2 -1.7 4.7Return on Investment (%) - 2.7 2.9 4.9Rtn. on Total Capital & Reserves (%) - -0.2 -1.2 3.5




Employee Performance Pay per Employee (£) - 10,210 11,699 12,442Profit per £ of Pay (£) - -0.01 -0.06 0.17Profit per Employee (£) - -81 -700 2,120Sales per Employee (£) - 37,861 42,403 45,370Capital Employed per Employee (£) - 115,032 147,244 126,486Fixed Assets per Employee (£) - 115,507 140,513 121,392Pay / Sales (%) - 27.0 27.6 27.4










2007 T/O includes disposals of 1.1m. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Champneys Henlow Ltd

AddressHenlow GrangeHenlowBedfordshireSG16 6DB


Fax 01462815310

Trading ActivityA group engaged in the provision of hotelaccommodation, with spa and healthfacilities.


Directors (as at May 2011)Stephen J. PurdewDorothy R. PurdewRaymond E. Payne

Company SecretaryDorothy R. Purdew

AuditorsNexia Smith & Williamson



Previous Name(s) with date(s) of changeHenlow Grange Ltd, 24/04/2003Weightguard Ltd, 06/06/1989

Main UK Subsidiaries with Turnover (£’000)Champneys Forest Mere Ltd 7Champneys Tring Ltd 6Champneys Springs Ltd 5The Champneys Intl. College Ltd

Profit & Loss


Sales 30,954 31,210 30,151Pre-tax Profit 446 -905 982

Exports 0 0 0Non-Trading Income 1 221 413Depreciation 2,431 2,553 2,384Interest Paid 2,341 2,775 2,434




Balance Sheet




Stocks 844 827 827Trade Debtors 693 663 95Other Current Assets 2,835 794 6,281


Total Assets 69,705 69,694 74,572








Company Profiles


Champneys Henlow Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 0.6 -1.3 1.3Return on Capital (%) - 0.8 -3.9 4.0Pre-tax Profit Margin (%) - 1.4 -2.9 3.3Return on Investment (%) - 4.7 3.2 5.2Rtn. on Total Capital & Reserves (%) - 2.5 -5.4 5.5




Employee Performance Pay per Employee (£) - 11,350 11,527 11,412Profit per £ of Pay (£) - 0.04 -0.08 0.09Profit per Employee (£) - 475 -938 1,039Sales per Employee (£) - 32,965 32,342 31,906Capital Employed per Employee (£) - 62,332 24,114 26,146Fixed Assets per Employee (£) - 67,723 67,905 69,148Pay / Sales (%) - 34.4 35.6 35.8












Company Profiles


Chesterfield (Mayfair) Ltd

Address35 Charles StreetMayfairLondonW1X 8LX

Trading ActivityA group engaged in the operation andmanagement of hotels. T/O = Revenue.

Main SIC Codes55111

Directors (as at May 2011)Jonathan J. RaggettVictoria O Hana

Company SecretarySarah H. Dovey

AuditorsMazars Llp



Previous Name(s) with date(s) of changeRelicjet Ltd, 21/09/1984

Holding CompanyMountbatten Ltd

Ultimate Holding CompanyTravel Corp Ltd

Main UK Subsidiaries with Turnover (£’000)Rubens Mgmt. Srvcs. Ltd 9Montague Mgmt. Srvcs. Ltd 6Milestone Hotel Mgmt. Srvcs. Ltd 5Red Carnation Hotels (U.K.) Ltd 441 Buckingham Palace Road Ltd 2Egerton House Mgmt. Ltd 1Bbar Restaurant Ltd

Profit & Loss



Exports 761 632 667Non-Trading Income 10 87 68Depreciation 3,281 3,843 4,235Interest Paid 445 1,085 1,175




Balance Sheet






Total Assets 32,881 29,840 27,292








Company Profiles


Chesterfield (Mayfair) Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -6.6 -11.6 -11.9Return on Capital (%) - -7.3 -13.0 -13.5Pre-tax Profit Margin (%) - -6.3 -10.0 -9.7Return on Investment (%) - -5.8 -8.9 -8.6Rtn. on Total Capital & Reserves (%) - ^ ^ ^


Gearing Ratios Total Debt / Net Worth (%) - ^ ^ Êquity Gearing (%) - -52.4 -53.8 -53.9Income Gearing (Interest Cover) (%) - ^ ^ ^







Position in subsectorGearing Total Debt / Net Worth -Equity Gearing 136Income Gearing (Interest Cover) -



Position in subsectorGrowth Sales Growth 45Pre-tax Profit Growth -Total Assets Growth 23Number of Employees Growth 47Exports Growth 1




Company Profiles


Choice Hotels Ltd

AddressChoice House107 Dickson RoadBlackpoolLancashireFY1 2ET


Trading ActivityThe operation of residential and licensedhotels.


Directors (as at May 2011)Maureen NelderOwen W. NelderAnne NelderJohn E. NelderKathleen E. KollardNeil P. WilkinsonSally L. CarpenitoRobert J. R. NelderJulian E. S. KollardEdward O. Nelder

Company SecretarySally L. Carpenito

AuditorsJohn Potter & Harrison

BankersCo-Operative Bank



Previous Name(s) with date(s) of changeClaremont Hotel Ltd, 11/05/1988


Date of Accounts 30/06/2010 30/06/2009 30/06/2008 30/06/2007£000s £000s £000s £000s

Sales 13,415 14,196 14,337 14,749Pre-tax Profit 81 120 157 221

Exports 0 0 0 0Non-Trading Income 0 1 0 0Depreciation 213 211 219 226Interest Paid 268 361 400 402

Auditors Fees 17 17 17 17

Directors Emoluments 1,130 1,340 1,195 1,170Employee Pay 5,730 6,017 6,269 6,333

Number of Employees 428 477 484 500

Balance Sheet


Tangible Fixed Assets 11,443 11,532 11,596 11,677Intangible Assets 0 0 0 0Intermediate Assets 0 0 0 0

Total Fixed Assets 11,443 11,532 11,596 11,677

Stocks 112 101 94 92Trade Debtors 115 69 35 123Other Current Assets 248 264 313 290

Total Current Assets 475 434 442 505

Total Assets 11,918 11,966 12,038 12,182

Trade Creditors 1,145 947 1,002 1,151Short-Term Loans 650 876 1,196 1,165Other Current Liabilities 1,121 1,355 962 872

Total Current Liabilities 2,916 3,178 3,160 3,188

T/Assets - C/Liabilities 9,002 8,788 8,878 8,994

Long-Term Loans 4,749 4,567 4,725 4,875Other L/Term Liabilities 157 157 148 140Total Capital & Reserves 4,096 4,064 4,005 3,979

Capital Employed 9,002 8,788 8,878 8,994

Type of Accounts Unconsolidated Unconsolidated Unconsolidated Unconsolidated

Number of weeks 52 52 52 52


Company Profiles


Choice Hotels Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) 0.7 1.0 1.3 1.8Return on Capital (%) 0.9 1.4 1.8 2.5Pre-tax Profit Margin (%) 0.6 0.8 1.1 1.5Return on Investment (%) 3.6 5.0 5.5 6.1Rtn. on Total Capital & Reserves (%) 2.0 3.0 3.9 5.6

Liquidity Ratios Quick Ratio (Acid Test) 0.12 0.10 0.11 0.13Current Ratio 0.16 0.14 0.14 0.16

Gearing Ratios Total Debt / Net Worth (%) 131.8 133.9 147.8 151.8Equity Gearing (%) 52.4 51.4 49.9 48.5Income Gearing (Interest Cover) (%) 76.8 75.1 71.8 64.5

Efficiency Ratios Debtor Days Outstanding 3 2 1 3Working Capital / Sales (%) -18.2 -19.3 -19.0 -18.2Stocks / Sales (%) 0.8 0.7 0.7 0.6Sales / Capital Employed 1.5 1.6 1.6 1.6Sales / Fixed Assets 1.2 1.2 1.2 1.3Creditor Days 31 24 26 28Asset Utilisation 1.13 1.19 1.19 1.21

Employee Performance Pay per Employee (£) 13,388 12,614 12,952 12,666Profit per £ of Pay (£) 0.01 0.02 0.03 0.03Profit per Employee (£) 189 252 324 442Sales per Employee (£) 31,343 29,761 29,622 29,498Capital Employed per Employee (£) 21,033 18,423 18,343 17,988Fixed Assets per Employee (£) 26,736 24,176 23,959 23,354Pay / Sales (%) 42.7 42.4 43.7 42.9

Other Ratios Exports / Sales (%) 0.0 0.0 0.0 0.0











Company Profiles


Churchill Group Ltd

Address93 Park LaneLondonW1Y 3TA

Trading ActivityThe operation of hotels.

Main SIC Codes55111

Directors (as at May 2011)John O’SheaSaeb Z. MoatassemMichael A. CairnsJohn Rea

Company SecretarySaeb Z. Moatassem

AuditorsBdo Llp



Previous Name(s) with date(s) of changeLoew’s (GB) Ltd, 20/04/1983

Holding CompanyIntl. Hoteliers (UK) Ltd

Ultimate Holding CompanySandwood Worldwide Ltd

Profit & Loss



Exports 0 0 0Non-Trading Income 89 1,507 1,255Depreciation 2,549 2,853 2,439Interest Paid 199 1,521 1,764




Balance Sheet






Total Assets 137,762 128,703 118,484

Trade Creditors 795 642 1,264Short-Term Loans 94,403 91,848 85,338Other Current Liabilities 2,110 2,773 2,927



Long-Term Loans 0 0 0Other L/Term Liabilities 1,196 95 0Total Capital & Reserves 39,258 33,345 28,955




Company Profiles


Churchill Group Ltd


















Company Profiles


Claridge’s Hotel Ltd

AddressBrook StreetLondonW1K 4HR


Fax 02072406040

Trading ActivityThe ownership and operation of Claridge’sHotel.

Main SIC Codes55111

Directors (as at May 2011)Mark N. HennebryStephen J. Alden

Company SecretaryCarole Walker

AuditorsKpmg



Previous Name(s) with date(s) of changeThe Savoy Hotel Ltd, 04/01/1999Savoy Hotel PLC (The), 11/08/1998

Holding CompanyClaridge’s Hotel Hldgs. Ltd

Ultimate Holding CompanyCoroin Ltd

Profit & Loss



Exports 0 0 0Non-Trading Income 0 0 0Depreciation 1,913 1,132 763Interest Paid 0 0 0




Balance Sheet






Total Assets 294,294 279,147 254,192








Company Profiles


Claridge’s Hotel Ltd


















Company Profiles


Comojo (U.K.) Ltd

Address2nd FloorPemberton House15 Wrights LaneLondonW8 5SL


Fax 02079376757

Trading ActivityThe operation of ’The Metropolitan Hotel’,Park Lane, London.

Main SIC Codes55111

Directors (as at May 2011)Bernard L. K. HengVictor K. Sodhy

Company SecretaryGabrielle C. V. Morris




Previous Name(s) with date(s) of changeBolkern Ltd, 18/01/1994

Holding CompanyComojo (Gibraltar) Ltd

Ultimate Holding CompanyComojo (Gibraltar) Ltd

Profit & Loss


Sales 14,486 16,189 17,263Pre-tax Profit -527 389 1,829

Exports 0 0 0Non-Trading Income 333 616 593Depreciation 1,080 1,232 1,250Interest Paid 381 921 1,064




Balance Sheet


Tangible Fixed Assets 8,482 8,408 9,350Intangible Assets 0 0 0Intermediate Assets 225 1,702 2,387




Total Assets 15,076 23,320 24,948

Trade Creditors 488 412 781Short-Term Loans 282 14,310 1,240Other Current Liabilities 985 1,100 1,733



Long-Term Loans 6,349 0 13,912Other L/Term Liabilities 627 661 795Total Capital & Reserves 6,345 6,837 6,487




Company Profiles


Comojo (U.K.) Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -3.5 1.7 7.3Return on Capital (%) - -4.0 5.2 8.6Pre-tax Profit Margin (%) - -3.6 2.4 10.6Return on Investment (%) - -1.1 6.0 12.9Rtn. on Total Capital & Reserves (%) - -8.3 5.7 28.2


Gearing Ratios Total Debt / Net Worth (%) - 104.5 209.3 233.6Equity Gearing (%) - 72.7 41.5 35.1Income Gearing (Interest Cover) (%) - ^ 70.3 36.8


Employee Performance Pay per Employee (£) - 23,690 20,864 17,556Profit per £ of Pay (£) - -0.12 0.08 0.46Profit per Employee (£) - -2,818 1,768 8,129Sales per Employee (£) - 77,465 73,586 76,724Capital Employed per Employee (£) - 71,235 34,082 94,196Fixed Assets per Employee (£) - 45,358 38,218 41,556Pay / Sales (%) - 30.6 28.4 22.9












Company Profiles


Corus Hotels Ltd

AddressBlakelands HouseYeomans DriveBlakelandsMilton KeynesBuckinghamshireMK14 5HG


Fax 01908553113

Trading ActivityA group engaged in the operation of hotelsand restaurants and the provision ofconference and related leisure facilities.T/O = Revenue.


Directors (as at May 2011)Kay P. KhooYet K. LoyKim S. TangAndrew B. Y. KhooDavid M. Westerby

Company SecretaryAndrew Clayton

AuditorsChantrey Vellacott Dfk Llp




Previous Name(s) with date(s) of changeCorus Hotels PLC, 23/01/2008Corus & Regal Hotels PLC, 20/02/2004Regal Hotel Group PLC, 16/08/2001Rivoli Cinemas PLC, 09/11/1989

Holding CompanyLondon Vista Hotel Ltd

Ultimate Holding CompanyMalayan United Industries Berhad

Main UK Subsidiaries with Turnover (£’000)Delaquest Ltd 7Dudley Hotels Ltd 1

Profit & Loss


Sales 25,474 26,603 28,843Pre-tax Profit -4,523 -11,029 7,006

ExportsNon-Trading Income 247 6,835 8,591Depreciation 2,382 2,684 2,452Interest Paid 1,926 4,268 4,051




Balance Sheet






Total Assets 242,112 242,721 248,456




Long-Term Loans 62,100 58,100 56,850Other L/Term Liabilities 211 845 1,756Total Capital & Reserves 117,711 121,493 132,649




Company Profiles


Corus Hotels Ltd




Gearing Ratios Total Debt / Net Worth (%) - 102.0 95.5 82.8Equity Gearing (%) - 94.6 100.2 114.5Income Gearing (Interest Cover) (%) - ^ ^ 36.6












2008 PBT includes 15.0m cost regarding provision against ^ represents a figure that cannot be calculated.loan to related undertakings. - indicates a figure that is unavailable.


Company Profiles


Crieff Hydro Ltd

AddressFerntower RoadCrieffScotlandPH7 3LQ


Fax 01764653087


Main SIC Codes55111

Directors (as at May 2011)Gordon K. S. LeckieMichael N. DonaldsonMartin PedlerAlexander A. SinclairPaul R. Harrison

Company SecretaryJohn Mauchline

AuditorsKpmg Llp

BankersBank Of Scotland



Previous Name(s) with date(s) of changeStrathearn Hydro Ltd, 02/07/1985

Profit & Loss


Sales 16,788 16,077 15,374Pre-tax Profit 251 552 1,341

ExportsNon-Trading Income 0 -4 531Depreciation 1,857 1,641 1,477Interest Paid 519 591 549




Balance Sheet




Stocks 203 198 200Trade Debtors 150 260 96Other Current Assets 566 350 289

Total Current Assets 919 808 585

Total Assets 27,914 26,039 25,440

Trade Creditors 1,236 691 716Short-Term Loans 1,206 832 5,110Other Current Liabilities 2,573 2,669 2,438







Company Profiles


Crieff Hydro Ltd






Employee Performance Pay per Employee (£) - 15,497 14,525 14,455Profit per £ of Pay (£) - 0.04 0.09 0.24Profit per Employee (£) - 637 1,360 3,430Sales per Employee (£) - 42,609 39,599 39,320Capital Employed per Employee (£) - 58,119 53,810 43,928Fixed Assets per Employee (£) - 56,066 51,970 53,194Pay / Sales (%) - 36.4 36.7 36.8










2010 PBT includes exceptional charges of 324k. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


The Cumberland Guoman Ltd

AddressPo Box 909 Bath RoadUxbridgeMiddlesexUB8 9FH

Trading ActivityThe operation of a hotel. T/O = Revenue.

Main SIC Codes55111

Directors (as at May 2011)Timothy J. ScobleHeiko FiggeAndy Hughes

Company SecretarySeok H. Blackwell

AuditorsKpmg Llp



Previous Name(s) with date(s) of changeThistle Cumberland Ltd, 18/10/2004Gamescorp Ltd, 18/08/2004

Holding CompanyGuoman Hotels Ltd

Ultimate Holding CompanyHong Leong Co. (Malaysia) Berhad



Sales 39,894 42,538 46,619 41,862Pre-tax Profit -6,074 -4,458 1,903 -1,006

Exports 0Non-Trading Income 0 0 0 0Depreciation 295 253 244 138Interest Paid 0 1,133 1,255 879


Directors Emoluments 0 0 0 0Employee Pay 5,749 6,190 4,200 4,027


Balance Sheet




Stocks 20 27 82 69Trade Debtors 3,486 3,464 4,159 3,764Other Current Assets 9,013 8,598 8,268 10,191

Total Current Assets 12,519 12,089 12,509 14,024

Total Assets 14,728 14,334 14,763 16,174

Trade Creditors 2,995 2,513 3,112 2,810Short-Term Loans 32,283 26,097 21,309 22,717Other Current Liabilities 1,177 1,377 1,537 3,745


T/Assets - C/Liabilities -21,727 -15,653 -11,195 -13,098

Long-Term Loans 0 0 0 0Other L/Term Liabilities 129 375 64 76Total Capital & Reserves -21,856 -16,028 -11,259 -13,174

Capital Employed -21,727 -15,653 -11,195 -13,098




Company Profiles


The Cumberland Guoman Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) -41.2 -31.1 12.9 -6.2Return on Capital (%) ^ ^ ^ ^Pre-tax Profit Margin (%) -15.2 -10.5 4.1 -2.4Return on Investment (%) -57.5 -31.8 31.2 -1.3Rtn. on Total Capital & Reserves (%) ^ ^ ^ ^


Gearing Ratios Total Debt / Net Worth (%) ^ ^ ^ Êquity Gearing (%) -59.7 -52.8 -43.3 -44.9Income Gearing (Interest Cover) (%) ^ ^ 39.7 ^

Efficiency Ratios Debtor Days Outstanding 32 30 33 33Working Capital / Sales (%) -60.0 -42.1 -28.8 -36.4Stocks / Sales (%) 0.1 0.1 0.2 0.2Sales / Capital Employed ^ ^ ^ ^Sales / Fixed Assets 18.1 18.9 20.7 19.5Creditor Days 27 22 24 25Asset Utilisation 2.71 2.97 3.16 2.59

Employee Performance Pay per Employee (£) 35,055 39,177 20,896 18,388Profit per £ of Pay (£) -1.06 -0.72 0.45 -0.25Profit per Employee (£) -37,037 -28,215 9,468 -4,594Sales per Employee (£) 243,256 269,228 231,935 191,151Capital Employed per Employee (£) -132,482 -99,070 -55,697 -59,808Fixed Assets per Employee (£) 13,470 14,209 11,214 9,817Pay / Sales (%) 14.4 14.6 9.0 9.6

Other Ratios Exports / Sales (%) - - - 0.0


Position in subsectorProfitability Return on Total Assets 133Return on Capital -Pre-tax Profit Margin 99Return on Investment 132









Company Profiles


Curzon Hotels (Operator) Ltd

AddressBrands HatchFawkhamLongfieldDA3 8PE

Telephone 0871 376 9008

Trading ActivityThe ownership and operation of hotels.

Main SIC Codes55111

Directors (as at May 2011)Iain HabbickHoward W. GraceCraig JohnstonMartin L. Roberts

Company SecretaryIain Habbick

AuditorsBdo Llp



Previous Name(s) with date(s) of changePrecis (2664) Ltd, 23/01/2007

Holding CompanyCurzon Hotel Hldgs. Ltd

Ultimate Holding CompanyCurzon Hotel Hldgs. Ltd

Profit & Loss



Exports 0 0Non-Trading Income 263 1,450 895Depreciation 5,327 4,132 571Interest Paid 7,057 7,574 4,762




Balance Sheet


Tangible Fixed Assets 49,277 43,601 21,718Intangible Assets 0 11,739 16,429Intermediate Assets 0 390 520




Total Assets 80,619 100,774 76,013








Company Profiles


Curzon Hotels (Operator) Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -30.4 -21.4 -5.5Return on Capital (%) - -60.7 -32.9 -8.7Pre-tax Profit Margin (%) - -30.0 -23.7 -4.0Return on Investment (%) - -42.7 -20.9 5.4Rtn. on Total Capital & Reserves (%) - ^ ^ ^


Gearing Ratios Total Debt / Net Worth (%) - ^ ^ Êquity Gearing (%) - -38.1 -19.7 -1.4Income Gearing (Interest Cover) (%) - ^ ^ 255.6

Efficiency Ratios Debtor Days Outstanding - 22 25 22Working Capital / Sales (%) - -10.9 10.7 9.2Stocks / Sales (%) - 0.6 0.6 0.5Sales / Capital Employed - 2.0 1.4 2.2Sales / Fixed Assets - 1.7 2.1 4.8Creditor Days - 74 62 45Asset Utilisation - 1.01 0.90 1.39


Other Ratios Exports / Sales (%) - 0.0 - 0.0











Company Profiles


Deckers Restaurants Ltd

AddressUnit F Royle Pennine Trading EstLynroyle WayRochdaleLancsOL11 3EX

Trading ActivityA group engaged in the operation ofrestaurants, hotels and the wholesale ofliquor.


Directors (as at May 2011)Clifford BrierleyMaxwell J. Brierly

Company SecretaryAnthony Owen


BankersLloyds Tsb Bank Plc



Previous Name(s) with date(s) of changeWestbroom Ltd, 03/08/1993

Holding CompanyDeckers Hospitality Gp. Ltd

Profit & Loss







Balance Sheet




Stocks 1,731 930 1,158Trade Debtors 1,735 826 1,447Other Current Assets 717 277 322


Total Assets 18,305 15,241 15,791

Trade Creditors 3,564 2,714 4,343Short-Term Loans 0 661 797Other Current Liabilities 867 1,219 957







Company Profiles


Deckers Restaurants Ltd






Employee Performance Pay per Employee (£) - 10,187 7,950 8,249Profit per £ of Pay (£) - 0.06 0.09 0.08Profit per Employee (£) - 655 691 695Sales per Employee (£) - 91,500 67,035 72,121Capital Employed per Employee (£) - 36,511 22,089 22,544Fixed Assets per Employee (£) - 35,605 26,131 29,160Pay / Sales (%) - 11.1 11.9 11.4












Company Profiles


De Vere Venice Ltd

Address1 West Garden PlaceKendal StreetLondonW2 2AQ

Trading ActivityA group engaged in the operation of hoteland leisure club businesses, a white spiritdistillery and an up-market timesharebusiness. Commenced trading 05.09.06.

Main SIC Codes5511192629926191591070209

Directors (as at May 2011)Richard G. Balfour-LynnJagtar Singh

Company SecretarySunita Kaushal




Previous Name(s) with date(s) of changeAhg Venice Ltd, 29/11/2010

Holding CompanyDe Vere Central Srvcs. Ltd

Ultimate Holding CompanyBroomco (4175) Ltd

Main UK Subsidiaries with Turnover (£’000)Searcy Tansley & Co. Ltd 38Tob Restaurants Ltd 4

Profit & Loss



Exports 0 0Non-Trading Income 2,081 27,629 6,971Depreciation 356,044 108,831 43,100Interest Paid 133,761 137,486 128,907




Balance Sheet


Tangible Fixed Assets 1,163,059 1,491,043 1,456,729Intangible Assets 0 68,588 72,332Intermediate Assets 2,623 6,298 44,672

Total Fixed Assets 1,165,682 1,565,929 1,573,733



Total Assets 1,246,630 1,654,756 1,715,981



T/Assets - C/Liabilities 1,165,603 1,557,684 1,569,387

Long-Term Loans 1,622,151 1,559,634 1,402,315Other L/Term Liabilities 49,609 17,830 2,468Total Capital & Reserves -506,157 -19,780 164,604

Capital Employed 1,165,603 1,557,684 1,569,387



Company Profiles


De Vere Venice Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -39.0 -9.1 -10.1Return on Capital (%) - -41.7 -9.7 -11.1Pre-tax Profit Margin (%) - -104.5 -31.7 -42.8Return on Investment (%) - -30.2 -0.8 -2.9Rtn. on Total Capital & Reserves (%) - ^ ^ -105.6


Gearing Ratios Total Debt / Net Worth (%) - ^ ^ 1,521.2Equity Gearing (%) - -28.9 -1.2 10.6Income Gearing (Interest Cover) (%) - ^ ^ ^

Efficiency Ratios Debtor Days Outstanding - 19 23 24Working Capital / Sales (%) - 0.0 -1.7 -1.1Stocks / Sales (%) - 5.1 3.5 9.8Sales / Capital Employed - 0.4 0.3 0.3Sales / Fixed Assets - 0.4 0.3 0.3Creditor Days - 15 26 27Asset Utilisation - 0.37 0.29 0.24


Other Ratios Exports / Sales (%) - 0.0 0.0 -











Company Profiles


De Vere Venues Properties Ltd


Trading ActivityOwnership of a number of hotel andconference centre properties.


Directors (as at May 2011)Richard G. Balfour-LynnJastar Singh





Previous Name(s) with date(s) of changeVerve Venues Properties Ltd, 29/11/2010Style Conferences Properties Ltd, 09/05/2006Broomco (3943) Ltd, 25/11/2005

Holding CompanyThe Alternative Hotel Gp. Ltd


Profit & Loss



ExportsNon-Trading Income 0 5,646 -6,257Depreciation 107,002 998 3,928Interest Paid 0 17,838 26,175

Auditors Fees 0 0 0


Number of Employees

Balance Sheet




Stocks 0 0 0Trade Debtors 0 0 4,371Other Current Assets 18,616 13,323 6,181


Total Assets 369,280 445,888 433,265








Company Profiles


De Vere Venues Properties Ltd
















2009 PBT includes 104.2m fixed assets impairment charge ^ represents a figure that cannot be calculated.(2008 = 40.1m). - indicates a figure that is unavailable.


Company Profiles


De Vere Village Hotels & Leisure Ltd

AddressTempus DriveWalsallWS2 8TJ


Trading ActivityThe operation of hotels and leisurecomplexes. Commenced trading 28.02.07.







Previous Name(s) with date(s) of changeVillage Hotels & Leisure Ltd, 29/11/2010

Holding CompanyDe Vere Village Hotel Hldgs. Ltd


Profit & Loss


Sales 34,393 18,434 9,753Pre-tax Profit 2,173 -1,393 -14,106


Auditors Fees 0 0 0



Balance Sheet




Stocks 741 537 265Trade Debtors 1,234 833 521Other Current Assets 23,689 22,143 1,418


Total Assets 158,317 143,503 70,500

Trade Creditors 724 4,124 0Short-Term Loans 161,463 145,282 0Other Current Liabilities 5,415 4,829 2,569


T/Assets - C/Liabilities -9,285 -10,732 67,931

Long-Term Loans 0 0 79,266Other L/Term Liabilities 0 0 0Total Capital & Reserves -9,285 -10,732 -11,335

Capital Employed -9,285 -10,732 67,931



Company Profiles


De Vere Village Hotels & Leisure Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 1.4 -1.0 -23.6Return on Capital (%) - ^ ^ -24.5Pre-tax Profit Margin (%) - 6.3 -7.6 -144.6Return on Investment (%) - 1.4 2.7 -21.0Rtn. on Total Capital & Reserves (%) - ^ ^ ^


Gearing Ratios Total Debt / Net Worth (%) - ^ ^ Êquity Gearing (%) - -5.5 -7.0 -13.9Income Gearing (Interest Cover) (%) - 0.0 137.9 ^

Efficiency Ratios Debtor Days Outstanding - 13 16 16Working Capital / Sales (%) - -412.7 -709.1 -3.2Stocks / Sales (%) - 2.2 2.9 2.3Sales / Capital Employed - ^ ^ 0.2Sales / Fixed Assets - 0.3 0.2 0.2Creditor Days - 8 82 0Asset Utilisation - 0.22 0.13 0.16

Employee Performance Pay per Employee (£) - 12,800 8,518 14,222Profit per £ of Pay (£) - 0.23 -0.26 -4.99Profit per Employee (£) - 2,960 -2,222 -70,939Sales per Employee (£) - 46,857 29,400 49,048Capital Employed per Employee (£) - -12,650 -17,116 289,068Fixed Assets per Employee (£) - 180,726 190,214 286,949Pay / Sales (%) - 27.3 29.0 29.0












Company Profiles


De Vere Village Trading No 1 Ltd

Address2100 Daresbury ParkWarringtonCheshireWA4 4BP


Fax 01928756335

Trading ActivityThe ownership and management of hotels andhealth and fitness clubs.







Previous Name(s) with date(s) of changeDe Vere Hotels & Leisure Ltd, 29/11/2010Greenalls Hotels & Leisure Ltd, 23/02/2000De Vere Hotels Ltd, 26/01/1998Beaconsfield (Bell House) Restaurants Ltd,16/10/1989

Holding CompanyDe Vere Village Properties Ltd


Main UK Subsidiaries with Turnover (£’000)De Vere St Davids Hotel Ltd 3

Profit & Loss



ExportsNon-Trading Income 111 34,023 488,049Depreciation 7,263 7,432 14,091Interest Paid 451 14,811 15,236




Balance Sheet


Tangible Fixed Assets 72,998 77,011 55,512Intangible Assets 0 0 0Intermediate Assets 1,060,724 953,072 750,070

Total Fixed Assets 1,133,722 1,030,083 805,582



Total Assets 1,173,115 1,068,538 853,447



T/Assets - C/Liabilities 1,105,602 1,022,893 797,296


Capital Employed 1,105,602 1,022,893 797,296



Company Profiles


De Vere Village Trading No 1 Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -3.0 -1.0 44.9Return on Capital (%) - -3.2 -1.1 48.1Pre-tax Profit Margin (%) - -23.6 -6.9 202.3Return on Investment (%) - -3.1 0.4 48.8Rtn. on Total Capital & Reserves (%) - -10.3 -2.9 94.0














2007 PBT includes 416.m profit on disposal of fixed assets ^ represents a figure that cannot be calculated.and businesses and net exceptional income. - indicates a figure that is unavailable.


Company Profiles


De Vere Wokefield Park Ltd


Trading ActivityOwns and manages the De Vere Wokefield ParkHotel.

Main SIC Codes55110






Previous Name(s) with date(s) of changeAhg Venice Spv No. 1 Ltd, 16/09/2008

Holding CompanyDe Vere Wokefield Trading Ltd


Profit & Loss

Date of Accounts 31/12/2009 31/12/2008£000s £000s

Sales 16,396 17,077Pre-tax Profit -44,172 -12,263

Exports 0 0Non-Trading Income 0 71Depreciation 1,320 14,032Interest Paid 0 4,701

Auditors Fees 0 0

Directors Emoluments 0 0Employee Pay

Number of Employees

Balance Sheet


Tangible Fixed Assets 62,769 112,156Intangible Assets 0 0Intermediate Assets 0 0

Total Fixed Assets 62,769 112,156

Stocks 84 130Trade Debtors 1,192 4,385Other Current Assets 10,162 1,547

Total Current Assets 11,438 6,062

Total Assets 74,207 118,218

Trade Creditors 1,340 2,403Short-Term Loans 127,867 126,630Other Current Liabilities 1,435 1,448

Total Current Liabilities 130,642 130,481

T/Assets - C/Liabilities -56,435 -12,263

Long-Term Loans 0 0Other L/Term Liabilities 0 222Total Capital & Reserves -56,435 -12,485

Capital Employed -56,435 -12,263

Type of Accounts Unconsolidated Unconsolidated

Number of weeks 52 55

Company Profiles


De Vere Wokefield Park Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -59.5 -9.8 -Return on Capital (%) - ^ ^ -Pre-tax Profit Margin (%) - -269.4 -71.8 -Return on Investment (%) - -61.8 -6.3 -Rtn. on Total Capital & Reserves (%) - ^ ^ -

Liquidity Ratios Quick Ratio (Acid Test) - 0.09 0.05 -Current Ratio - 0.09 0.05 -

Gearing Ratios Total Debt / Net Worth (%) - ^ ^ -Equity Gearing (%) - -43.2 -9.6 -Income Gearing (Interest Cover) (%) - ^ ^ -

Efficiency Ratios Debtor Days Outstanding - 27 99 -Working Capital / Sales (%) - -727.0 -770.6 -Stocks / Sales (%) - 0.5 0.8 -Sales / Capital Employed - ^ ^ -Sales / Fixed Assets - 0.3 0.1 -Creditor Days - 30 54 -Asset Utilisation - 0.22 0.14 -













Company Profiles


Dorchester Group Ltd

Address3 Tilney StreetLondonW1K 1BJ

Telephone 020 7629 8888

Fax 020 7629 0202

Trading ActivityA group engaged in the ownership andoperation of hotels and commercialproperties.

Main SIC Codes55111

Directors (as at May 2011)Ghani B. H. A. HamidHartini Hj AbdullahHasnah Hj IbrahimHaji S. Haji Yusop

Company SecretaryHaji S. Haji Yusop





Previous Name(s) with date(s) of changeAudley Group Ltd, 09/09/1999Dorchester Ltd (The), 07/03/1995Regent Dorchester Ltd, 24/04/1985Pezmex Ltd, 20/07/1984

Holding CompanyBrunei Investment Agency

Ultimate Holding CompanyBrunei Investment Agency

Main UK Subsidiaries with Turnover (£’000)Dorchester Hotel Ltd 64Dorchester Srvcs. Ltd 15

Profit & Loss



Exports 173,808 186,525 163,106Non-Trading Income 4,260 1,614 9,697Depreciation 21,023 17,961 14,993Interest Paid 9,695 17,393 13,613




Balance Sheet






Total Assets 1,041,902 1,110,295 902,955



T/Assets - C/Liabilities 939,213 1,031,025 834,021


Capital Employed 939,213 1,031,025 834,021



Company Profiles


Dorchester Group Ltd














Position in subsectorGrowth Sales Growth 42Pre-tax Profit Growth 50Total Assets Growth 31Number of Employees Growth 73Exports Growth 3




Company Profiles


Doyle Hotels (UK) Ltd

Address47 Welbeck StreetLondonW1g 8dn

Trading ActivityHotel management.

Main SIC Codes55111

Directors (as at May 2011)Bill WalshePatrick KingBernadette GallagherSeamus Daly

Company SecretarySeamus Daly

AuditorsKpmg

BankersNat West Bank Plc



Previous Name(s) with date(s) of changeJurys Doyle Hotels (UK) Ltd, 20/11/2008Durrasa Ltd, 19/06/2007

Holding CompanyDoyle Hotels (Finance) Ltd

Ultimate Holding CompanyPembase Hldgs. Ltd

Main UK Subsidiaries with Turnover (£’000)Doyle London Hotels Ltd 12

Profit & Loss







Balance Sheet






Total Assets 199,084 191,598 175,165

Trade Creditors 1,317 693 713Short-Term Loans 156,224 143,843 116,405Other Current Liabilities 2,890 3,218 2,632







Company Profiles


Doyle Hotels (UK) Ltd
















2009 PBT includes 1.7m non-recurring administrative expenses ^ represents a figure that cannot be calculated.(2008 = 3.9m). - indicates a figure that is unavailable.


Company Profiles


Doyle London Hotels Ltd

AddressClifton Ford Hotel47 Welbeck StreetLondonW1G 8DN


Fax 02074867492

Trading ActivityA leading hotel group and operates a hotelin the UK.

Main SIC Codes55111

Directors (as at May 2011)William (. WalshePatrick KingBernadette GallagherSeamus Daly

Company SecretarySeamus Daly

AuditorsKpmg




Previous Name(s) with date(s) of changeJurys Doyle London Hotels Ltd, 20/11/2008Doyle London Hotels Ltd, 14/10/2002P. V. Doyle Hotels Ltd, 13/12/1983Sprodie Ltd, 31/12/1977

Holding CompanyDoyle Hotels (UK) Ltd

Ultimate Holding CompanyPembase Hldgs. Ltd

Profit & Loss


Sales 12,120 10,132 10,918Pre-tax Profit 2,675 -725 3,006

Exports 0 0 0Non-Trading Income 2 -36 64Depreciation 1,273 1,286 1,001Interest Paid 30 0 69




Balance Sheet






Total Assets 55,766 55,830 50,543




Long-Term Loans 0 0 0Other L/Term Liabilities 642 1,329 1,359Total Capital & Reserves 46,795 43,385 43,832




Company Profiles


Doyle London Hotels Ltd
















2008 includes 2.4m fixed assets written off. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Edwardian Group Ltd

Address140 Bath RoadHayesMiddlesexUB3 5AW


Fax 02087594559

Trading ActivityA group engaged in the provision of hotelaccommodation, conference facilities andmeals.

Main SIC Codes55111

Directors (as at May 2011)Amrit SinghJasminder SinghJohn R. MorleyAndrew HartShashi M. Shah

Company SecretaryVijay Wason

AuditorsKpmg Llp



Previous Name(s) with date(s) of changePatentgrade Ltd, 11/03/1987

Main UK Subsidiaries with Turnover (£’000)Edwardian Intl. Hotels Ltd 41London May Fair Hotel Ltd 34Edwardian Exclusive Hotels Ltd 15Edwardian London Mgmt. Srvcs. Ltd 10Edwardian Hampshire Hotels Ltd 8Edwardian Ltd 7Vanderbilt Hotels Ltd 7Edwardian Pastoria Hotels Ltd 3Edwardian London Ltd 1Dicetask Ltd 1

Profit & Loss



Exports 0 0 0Non-Trading Income -925 1,343 838Depreciation 14,819 14,710 12,016Interest Paid 16,551 19,325 19,481


Directors Emoluments 1,667 1,822 1,732Employee Pay 32,318 32,783 30,984


Balance Sheet






Total Assets 717,110 730,919 826,617








Company Profiles


Edwardian Group Ltd
















2008 PBT includes 10.1m impairment of hotel costs. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Endell Group Holdings Ltd

AddressA177SedgefieldStockton-On-TeesTS21 2JX

Telephone 0870 191 1673

Trading ActivityA group engaged in the operation of budgethotels. Commenced trading 05.09.06. T/O =Revenue.

Main SIC Codes55111

Directors (as at May 2011)Anand S. KrishnanGuy P. C. ParsonsKeith HamillGrant D. HearnJon W. MortimorePaul V. HarveyBrian R. LindleyDavid M. SmootJamie NelsonPeter O. Jansenberger

Company SecretaryJon W. Mortimore





Previous Name(s) with date(s) of changeTravelodge Ltd, 16/07/2010Full Moon Holdco 1 Ltd, 06/12/2006Redpetal Ltd, 15/08/2006

Holding CompanyDic China (Cayman) Investments Ltd

Ultimate Holding CompanyDubai Intl. Capital Llp

Profit & Loss



Exports 2,800Non-Trading Income -42,100 2,500 8,500Depreciation 20,200 18,700 15,600Interest Paid 48,300 56,500 89,700




Balance Sheet




Stocks 1,000 800 700Trade Debtors 3,600 4,800 7,700Other Current Assets 85,300 78,100 76,000


Total Assets 806,600 815,400 816,600

Trade Creditors 12,400 7,700 18,700Short-Term Loans 0 0 1,500Other Current Liabilities 92,400 94,400 66,800



Long-Term Loans 527,200 495,000 692,600Other L/Term Liabilities 412,800 362,600 85,000Total Capital & Reserves -238,200 -144,300 -48,000




Company Profiles


Endell Group Holdings Ltd
















2009 PBT includes net exceptional charges of 11.8m. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


F B M London Ltd

Address18-21 Northumberland AvenueLondonWC2N 5EA


Fax 02077663766

Trading ActivityThe operation of three apartment hotels.

Main SIC Codes55120

Directors (as at May 2011)Sym K. LeeRebecca C. Hollants Van LoockeChoon K. Tan

Company SecretaryReed Smith Corporate Services Limited

AuditorsKpmg Llp



Holding CompanyOriville Sas

Ultimate Holding CompanyCapitaland Ltd

Profit & Loss







Balance Sheet






Total Assets 34,305 34,827 33,297

Trade Creditors 359 76 653Short-Term Loans 1,047 1,094 1,186Other Current Liabilities 1,366 1,587 834



Long-Term Loans 23,490 24,435 25,245Other L/Term Liabilities 1,181 931 1,102Total Capital & Reserves 6,862 6,704 4,277




Company Profiles


F B M London Ltd


















Company Profiles


Festival Group Ltd

AddressC/O David Johnson & Co Llp14 Stafford StreetEdinburghMidlothianEH3 7AU

Trading ActivityA group engaged in the operation of bettingshops, hotels and public houses and theletting of property.


Directors (as at May 2011)Kenneth M. WaughRichard T. Spanner

Company SecretaryRichard T. Spanner

AuditorsRsm Tenon Audit Ltd

BankersClydesdale



Previous Name(s) with date(s) of changeFestival Inns Group Ltd, 29/01/2007

Main UK Subsidiaries with Turnover (£’000)Morrisons Bookmakers Ltd 78Festival Inns Ltd 14Festival Inns Properties Ltd 3Festival Stores Ltd 1Morrisons 24/7 Ltd 1Festival Properties Ltd

Profit & Loss


Sales 97,254 103,601 82,414Pre-tax Profit -11,380 -6,033 -578

ExportsNon-Trading Income 129 1,084 261Depreciation 903 799 2,425Interest Paid 3,289 3,446 3,168




Balance Sheet


Tangible Fixed Assets 62,269 83,894 80,068Intangible Assets 504 534 5,191Intermediate Assets 7,149 20 24




Total Assets 73,535 89,186 90,476




Long-Term Loans 7,836 48,783 0Other L/Term Liabilities 484 185 49,008Total Capital & Reserves 6,931 23,780 26,574




Company Profiles


Festival Group Ltd






Employee Performance Pay per Employee (£) - 12,880 10,568 10,472Profit per £ of Pay (£) - -1.30 -0.70 -0.07Profit per Employee (£) - -16,686 -7,384 -718Sales per Employee (£) - 142,601 126,807 102,378Capital Employed per Employee (£) - 22,362 89,043 93,891Fixed Assets per Employee (£) - 91,304 102,685 99,463Pay / Sales (%) - 9.0 8.3 10.2












Company Profiles


Festival Inns Ltd

AddressC/O David Johnson & Co Llp14 Stafford StreetEdinburghMidlothianEH3 7AU

Trading ActivityHotel proprietary.

Main SIC Codes55111

Directors (as at May 2011)Kenneth M. WaughRichard T. Spanner

Company SecretaryRichard T. Spanner


BankersClydesdale



Previous Name(s) with date(s) of changeFestival Hotels Ltd, 07/12/2005Waterways Developments Lothian Ltd,25/06/2003Kenrich Ltd, 02/09/2002Pbl 200 Ltd, 01/05/2002

Holding CompanyFestival Gp. Ltd

Ultimate Holding CompanyFestival Gp. Ltd

Profit & Loss







Balance Sheet


Tangible Fixed Assets 36 327 1,758Intangible Assets 0 0 0Intermediate Assets 0 0 0

Total Fixed Assets 36 327 1,758



Total Assets 2,132 6,316 20,925

Trade Creditors 2,401 2,683 2,294Short-Term Loans 6,806 9,256 20,633Other Current Liabilities 2,292 958 873


T/Assets - C/Liabilities -9,367 -6,581 -2,875

Long-Term Loans 106 161 247Other L/Term Liabilities 0 0 0Total Capital & Reserves -9,473 -6,742 -3,122

Capital Employed -9,367 -6,581 -2,875



Company Profiles


Festival Inns Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -128.1 -57.3 -7.2Return on Capital (%) - ^ ^ ^Pre-tax Profit Margin (%) - -18.5 -21.9 -8.4Return on Investment (%) - ^ -124.6 -7.9Rtn. on Total Capital & Reserves (%) - ^ ^ ^



Efficiency Ratios Debtor Days Outstanding - 7 8 8Working Capital / Sales (%) - -63.5 -41.8 -25.9Stocks / Sales (%) - 1.3 1.4 1.4Sales / Capital Employed - ^ ^ ^Sales / Fixed Assets - 411.0 50.6 10.2Creditor Days - 59 59 47Asset Utilisation - 6.94 2.62 0.86

Employee Performance Pay per Employee (£) - 11,771 9,699 9,781Profit per £ of Pay (£) - -0.66 -0.70 -0.27Profit per Employee (£) - -7,737 -6,777 -2,604Sales per Employee (£) - 41,918 30,963 31,061Capital Employed per Employee (£) - -26,535 -12,324 -4,991Fixed Assets per Employee (£) - 102 612 3,052Pay / Sales (%) - 28.1 31.3 31.5



Position in subsectorProfitability Return on Total Assets 140Return on Capital -Pre-tax Profit Margin 116Return on Investment -









Company Profiles


Firmdale Hotels PLC

Address18 Thurloe PlaceLondonSW7 2SP


Trading ActivityHotel operators.

Main SIC Codes55111

Directors (as at May 2011)Timothy J. R. KempCraig A. MarkhamCarolyn A. WicksMalcolm T. SodenRodney F. TaylorRolando Cheles

Company SecretaryMalcolm T. Soden

AuditorsMacintyre Hudson Llp




Previous Name(s) with date(s) of changeFirmdale Hotels Ltd, 29/08/1989Firmdale Holdings Ltd, 10/05/1989

Holding CompanyFirmdale Hldgs. Ltd

Ultimate Holding CompanyFirmdale Hldgs. Ltd

Profit & Loss



Exports 0 0 0Non-Trading Income 916 1,520 625Depreciation 1,391 1,999 797Interest Paid 987 642 986




Balance Sheet


Tangible Fixed Assets 84,928 87,283 106,253Intangible Assets 0 0 0Intermediate Assets 53,176 42,201 337




Total Assets 189,021 181,660 167,926




Long-Term Loans 18,150 15,250 0Other L/Term Liabilities 0 0 183Total Capital & Reserves 160,906 158,602 155,260




Company Profiles


Firmdale Hotels PLC




Gearing Ratios Total Debt / Net Worth (%) - 13.9 10.8 4.3Equity Gearing (%) - 572.3 687.8 1,225.8Income Gearing (Interest Cover) (%) - 30.0 16.9 17.9














Company Profiles


Firoka (Kings Cross) Ltd

AddressNew Holiday InnNo: 1 Kings Cross RoadLondonWC1X 9HX


Fax 02079176164

Trading ActivityA grp engd in the operation of a hotel, ’TheHoliday Inn’, Kings Cross, London.


Directors (as at May 2011)Firoz A. KassamAnne LowryAshwini D. Tawakley

Company SecretaryAnne Lowry

AuditorsPkf (Uk) Llp



Previous Name(s) with date(s) of changeDashquote Ltd, 30/03/1990

Holding CompanyFiroka (Kings Cross) Guernsey Ltd

Ultimate Holding CompanyFiroka (Kings Cross) Guernsey Ltd

Main UK Subsidiaries with Turnover (£’000)Firoka (Studley Castle) Ltd 1Firoka (Beadlow Manor) Ltd



Sales 15,051 14,243 18,373 12,714Pre-tax Profit 3,039 2,523 4,372 6,373

Exports 0 0 0Non-Trading Income 28 205 619 2,235Depreciation 1,713 2,279 2,165 1,197Interest Paid 103 147 399 475




Balance Sheet


Tangible Fixed Assets 71,489 72,778 74,368 110,187Intangible Assets 8 11 15 19Intermediate Assets 8,179 9,169 9,006 15,942


Stocks 32 31 39 20Trade Debtors 991 1,005 1,300 976Other Current Assets 5,996 8,166 7,079 3,091


Total Assets 86,695 91,160 91,807 130,235

Trade Creditors 523 290 428 342Short-Term Loans 1,084 4,257 5,292 2,245Other Current Liabilities 2,347 2,679 3,430 1,685



Long-Term Loans 2,714 77 0 4,812Other L/Term Liabilities 319 413 462 383Total Capital & Reserves 79,708 83,444 82,195 120,768


Type of Accounts Consolidated Consolidated Consolidated Unconsolidated



Company Profiles


Firoka (Kings Cross) Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) 3.4 2.8 4.8 4.9Return on Capital (%) 3.6 3.0 5.3 5.1Pre-tax Profit Margin (%) 20.2 17.7 23.8 50.1Return on Investment (%) 3.7 3.0 5.4 5.3Rtn. on Total Capital & Reserves (%) 3.7 3.0 5.3 5.3


Gearing Ratios Total Debt / Net Worth (%) 4.8 5.2 6.4 5.8Equity Gearing (%) 1,140.8 1,081.4 855.1 1,275.7Income Gearing (Interest Cover) (%) 3.3 5.5 8.4 6.9

Efficiency Ratios Debtor Days Outstanding 24 26 26 28Working Capital / Sales (%) 20.8 13.9 -4.0 -1.5Stocks / Sales (%) 0.2 0.2 0.2 0.2Sales / Capital Employed 0.2 0.2 0.2 0.1Sales / Fixed Assets 0.2 0.2 0.2 0.1Creditor Days 13 7 9 10Asset Utilisation 0.17 0.16 0.20 0.10

Employee Performance Pay per Employee (£) 13,347 13,205 13,780 15,709Profit per £ of Pay (£) 1.21 1.12 1.66 3.94Profit per Employee (£) 16,205 14,754 22,890 61,874Sales per Employee (£) 80,256 83,292 96,194 123,437Capital Employed per Employee (£) 449,679 490,842 432,759 1,222,942Fixed Assets per Employee (£) 388,527 425,602 389,361 1,069,777Pay / Sales (%) 16.6 15.9 14.3 12.7

Other Ratios Exports / Sales (%) 0.0 0.0 - 0.0











Company Profiles


Forestdale Hotels Ltd

AddressWessex HotelWest Cliff RoadBournemouthDorsetBH2 5EU


Trading ActivityA group engaged in the management of hotels.

Main SIC Codes55111

Directors (as at May 2011)Alan J. MurrayPhilip M. WelbournJames S. BrentNicholas D. T. Crawley

AuditorsBdo Llp




Previous Name(s) with date(s) of changeForest Dale Hotels Ltd, 23/07/1987Forest Park Hotel, Ltd (The), 31/12/1978

Main UK Subsidiaries with Turnover (£’000)Zoffany Hotels Ltd 7Ardsley House Hotel Ltd 2

Profit & Loss


Sales 26,171 29,045 32,457Pre-tax Profit -4,452 -656 3,523




Number of Employees 857 949 1,012

Balance Sheet






Total Assets 44,857 49,371 52,998

Trade Creditors 1,782 1,766 2,791Short-Term Loans 35 215 1,585Other Current Liabilities 1,620 1,554 3,040







Company Profiles


Forestdale Hotels Ltd






Employee Performance Pay per Employee (£) - 11,016 10,758 11,345Profit per £ of Pay (£) - -0.47 -0.06 0.31Profit per Employee (£) - -5,195 -691 3,481Sales per Employee (£) - 30,538 30,606 32,072Capital Employed per Employee (£) - 48,331 48,299 45,042Fixed Assets per Employee (£) - 48,785 48,760 47,014Pay / Sales (%) - 36.1 35.1 35.4










2010 PBT includes exceptional charges of 3.7m. 2008 PBT ^ represents a figure that cannot be calculated.includes 4.3m profit on sale and leaseback. - indicates a figure that is unavailable.


Company Profiles


G H Hotel Operating Co. Ltd

Address7 Albemarle StreetLondonW1S 4HQ

Trading ActivityThe operation of the Grosvenor House Hotel,located on Park lane, London.

Main SIC Codes55111

Directors (as at May 2011)Paul A. SimmonsBridgett R. Price

Company SecretaryCitco Management (Uk) Limited





Holding CompanyRonevsorg Hotel Operating Co. Ltd

Ultimate Holding CompanyMarriott Intl. Inc.

Profit & Loss


Sales 57,611 54,315 46,104Pre-tax Profit -286 1,229 1,091





Balance Sheet






Total Assets 34,012 35,749 26,955

Trade Creditors 1,363 6,494 4,053Short-Term Loans 16,680 0 13,283Other Current Liabilities 11,632 24,558 6,480







Company Profiles


G H Hotel Operating Co. Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -0.8 3.4 4.0Return on Capital (%) - -6.6 26.2 34.8Pre-tax Profit Margin (%) - -0.5 2.3 2.4Return on Investment (%) - 1.1 37.5 9.9Rtn. on Total Capital & Reserves (%) - -7.2 28.6 41.5




Employee Performance Pay per Employee (£) - 15,180 16,983 15,111Profit per £ of Pay (£) - -0.02 0.09 0.09Profit per Employee (£) - -379 1,527 1,411Sales per Employee (£) - 76,407 67,472 59,643Capital Employed per Employee (£) - 5,752 5,835 4,061Fixed Assets per Employee (£) - 23,748 21,298 18,313Pay / Sales (%) - 19.9 25.2 25.3










2009 PBT includes exceptional income of 392k. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Gleneagles Hotels Ltd

AddressGleneagles HotelAuchterarderPerthshirePH3 1NF


Fax 01764662134

Trading ActivityThe operation of ’The Gleneagles Hotel’.


Directors (as at May 2011)Peter J. LedererDavid A. KempDeirdre A. Mahlan

Company SecretaryJohn J. Nicholls




Previous Name(s) with date(s) of changeGleneagles Hotels PLC, 30/07/1998Hermanus Ltd, 21/03/1986

Holding CompanyDiageo PLC

Ultimate Holding CompanyDiageo PLC

Main UK Subsidiaries with Turnover (£’000)Gleneagles Resort Developments Ltd 2



Sales 33,668 35,579 38,231 35,322Pre-tax Profit -745 2,487 11,065 14,738

Exports 0 0 0Non-Trading Income 35 3,041 10,029 12,749Depreciation 3,064 2,874 3,182 2,811Interest Paid 0 0 0 7




Balance Sheet




Stocks 2,691 2,706 4,114 1,251Trade Debtors 1,119 1,692 4,104 2,786Other Current Assets 220,948 219,287 335,595 327,450


Total Assets 305,432 306,470 428,424 410,999

Trade Creditors 1,207 1,653 1,733 913Short-Term Loans 4,193 5,914 130,342 127,595Other Current Liabilities 7,398 6,691 8,377 6,141



Long-Term Loans 0 0 0 0Other L/Term Liabilities 0 0 31 546Total Capital & Reserves 292,634 292,212 287,941 275,804





Company Profiles


Gleneagles Hotels Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) -0.2 0.8 2.6 3.6Return on Capital (%) -0.3 0.9 3.8 5.3Pre-tax Profit Margin (%) -2.2 7.0 28.9 41.7Return on Investment (%) -0.3 0.8 2.6 3.7Rtn. on Total Capital & Reserves (%) -0.3 0.9 3.8 5.3


Gearing Ratios Total Debt / Net Worth (%) 1.4 2.0 45.3 46.3Equity Gearing (%) 2,286.6 2,049.5 205.0 204.0Income Gearing (Interest Cover) (%) ^ 0.0 0.0 0.0

Efficiency Ratios Debtor Days Outstanding 12 17 39 29Working Capital / Sales (%) 629.6 588.6 531.9 557.3Stocks / Sales (%) 8.0 7.6 10.8 3.5Sales / Capital Employed 0.1 0.1 0.1 0.1Sales / Fixed Assets 0.4 0.4 0.5 0.4Creditor Days 13 17 17 9Asset Utilisation 0.11 0.12 0.09 0.09

Employee Performance Pay per Employee (£) 15,880 17,647 17,959 17,826Profit per £ of Pay (£) -0.06 0.21 0.91 1.37Profit per Employee (£) -984 3,647 16,368 24,360Sales per Employee (£) 44,476 52,169 56,555 58,383Capital Employed per Employee (£) 386,571 428,463 425,994 456,777Fixed Assets per Employee (£) 106,571 121,362 125,141 131,398Pay / Sales (%) 35.7 33.8 31.8 30.5

Other Ratios Exports / Sales (%) 0.0 - 0.0 0.0









2008 PBT includes 4.6m exceptional profit (2007 = 7.7m). ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Globalgrange Ltd

Address58 Rochester RowLondonSW1P 1JU


Fax 02078351888

Trading ActivityA group engaged as hoteliers and propertycontractors.

Main SIC Codes55111

Directors (as at May 2011)Tejinderpal S. MatharuRaj S. MatharuHarpal S. Matharu

Company SecretaryHarpal S. Matharu





Profit & Loss



Exports 0 0 0Non-Trading Income 3,114 1,573 -945Depreciation 9,136 7,595 6,018Interest Paid 14,323 11,937 10,123



Number of Employees 1,043 845 799

Balance Sheet






Total Assets 501,062 481,621 395,181








Company Profiles


Globalgrange Ltd


















Company Profiles


Gloucester Capital Ltd

AddressMilton Gate 60 Chiswell StreetLondonEC1Y 4AG

Trading ActivityA group engaged as hoteliers.

Main SIC Codes55111

Directors (as at May 2011)Gary M. LandesbergAlan LandesburgDavid RosenbergElliot S. RosenburgLaurence M. Ronson

Company SecretaryA G Secretarial Limited





Previous Name(s) with date(s) of changeInhoco 4162 Ltd, 07/11/2006

Main UK Subsidiaries with Turnover (£’000)London Portman Hotel Ltd 16

Profit & Loss







Balance Sheet




Stocks 32 24 24Trade Debtors 884 1,168 800Other Current Assets 3,431 3,812 3,385


Total Assets 77,548 81,478 84,215



T/Assets - C/Liabilities 51,698 54,819 -5,254

Long-Term Loans 64,407 64,229 0Other L/Term Liabilities 0 0 241Total Capital & Reserves -12,709 -9,410 -5,495

Capital Employed 51,698 54,819 -5,254



Company Profiles


Gloucester Capital Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -4.1 -5.3 -4.5Return on Capital (%) - -6.2 -7.9 ^Pre-tax Profit Margin (%) - -19.9 -24.7 -34.2Return on Investment (%) - 3.0 3.0 1.7Rtn. on Total Capital & Reserves (%) - ^ ^ ^



Efficiency Ratios Debtor Days Outstanding - 20 24 26Working Capital / Sales (%) - -133.5 -123.2 -771.1Stocks / Sales (%) - 0.2 0.1 0.2Sales / Capital Employed - 0.3 0.3 ^Sales / Fixed Assets - 0.2 0.2 0.1Creditor Days - 8 11 25Asset Utilisation - 0.21 0.22 0.13

Employee Performance Pay per Employee (£) - 22,603 24,018 16,559Profit per £ of Pay (£) - -1.04 -1.11 -1.47Profit per Employee (£) - -23,559 -26,601 -24,374Sales per Employee (£) - 118,441 107,877 71,333Capital Employed per Employee (£) - 380,132 336,313 -33,897Fixed Assets per Employee (£) - 524,691 456,669 501,774Pay / Sales (%) - 19.1 22.3 23.2












Company Profiles


Guoman Hotel Holdings Ltd

AddressPo Box 909Bath RoadUxbridgeMiddlesexUB8 9FH

Trading ActivityA group engaged in the ownership andoperation of hotels. T/O = Revenue.

Main SIC Codes55111

Directors (as at May 2011)Kwang M. A. ChewTimothy J. ScobleSeok H. BlackwellAndy Hughes


AuditorsKpmg Llp



Previous Name(s) with date(s) of changeGuocoleisure (UK) Ltd, 25/06/2010Bil (UK) Ltd, 02/10/2007Trushelfco (No.2930) Ltd, 19/02/2003

Holding CompanyGuoman Hotels Gp. Ltd


Main UK Subsidiaries with Turnover (£’000)Guoman Hotels Ltd 198



Sales 199,532 198,612 220,432 203,609Pre-tax Profit 1,712 -9,434 58,588 843

Exports 0Non-Trading Income -57,881 33,059 29,689 4,465Depreciation 11,472 10,775 9,745 16,712Interest Paid 25,816 0 0 31,362



Number of Employees 1,328 1,310 1,920 2,021

Balance Sheet


Tangible Fixed Assets 719,091 726,407 719,554 722,863Intangible Assets 0 0 0 0Intermediate Assets 0 9,473 10,821 13,922


Stocks 351 302 433 399Trade Debtors 16,272 14,445 17,407 16,942Other Current Assets 28,114 19,150 26,274 29,800


Total Assets 763,828 769,777 774,489 783,926

Trade Creditors 15,236 22,078 21,681 15,908Short-Term Loans 238,377 12,902 5,284 0Other Current Liabilities 27,088 10,588 8,651 22,114



Long-Term Loans 248,531 479,556 469,743 461,231Other L/Term Liabilities 40,661 64,324 90,839 92,952Total Capital & Reserves 193,935 180,329 178,291 191,721


Type of Accounts Consolidated Consolidated Consolidated Consolidated



Company Profiles


Guoman Hotel Holdings Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) 0.2 -1.2 7.6 0.1Return on Capital (%) 0.4 -1.3 7.9 0.1Pre-tax Profit Margin (%) 0.9 -4.7 26.6 0.4Return on Investment (%) 3.8 -1.3 7.9 4.3Rtn. on Total Capital & Reserves (%) 0.9 -5.2 32.9 0.4


Gearing Ratios Total Debt / Net Worth (%) 251.1 273.1 266.4 240.6Equity Gearing (%) 34.0 30.6 29.9 32.4Income Gearing (Interest Cover) (%) 93.8 ^ 0.0 97.4

Efficiency Ratios Debtor Days Outstanding 30 27 29 30Working Capital / Sales (%) -118.3 -5.9 3.9 4.5Stocks / Sales (%) 0.2 0.2 0.2 0.2Sales / Capital Employed 0.4 0.3 0.3 0.3Sales / Fixed Assets 0.3 0.3 0.3 0.3Creditor Days 28 41 36 29Asset Utilisation 0.26 0.26 0.28 0.26

Employee Performance Pay per Employee (£) 29,151 10,042 7,285 26,088Profit per £ of Pay (£) 0.04 -0.72 4.19 0.02Profit per Employee (£) 1,289 -7,202 30,515 417Sales per Employee (£) 150,250 151,612 114,808 100,747Capital Employed per Employee (£) 363,800 552,831 384,830 369,077Fixed Assets per Employee (£) 541,484 554,509 374,768 357,676Pay / Sales (%) 19.4 6.6 6.3 25.9

Other Ratios Exports / Sales (%) 0.0 - - -









2008 PBT includes 50.0m profit on disposal of Intellectual ^ represents a figure that cannot be calculated.Property. - indicates a figure that is unavailable.


Company Profiles


Guoman Hotel Management (UK) Ltd

AddressThe Glasgow Thistle Hotel36 Cambridge StreetGlasgowLanarkshireG2 3HN


Trading ActivityThe management of hotels. T/O = Revenue.

Main SIC Codes55111



AuditorsKpmg Llp



Previous Name(s) with date(s) of changeGuoman Hotel Management Ltd, 28/09/2007Thistle Hotels (Management) Ltd, 09/05/2007Shetland Hotels (Lerwick) Ltd, 30/08/1989

Holding CompanyGuoman Hotel Mgmt. Gp. Pte. Ltd




Sales 21,501 15,119 20,921 17,069Pre-tax Profit -509 -7,623 -777 -2,923

ExportsNon-Trading Income 0 0 0 0Depreciation 2,902 2,650 2,512 2,242Interest Paid 141 0 0 1,069


Directors Emoluments 1,165 1,018 871 0Employee Pay 5,935 6,374 10,141


Balance Sheet




Stocks 0 0 0 0Trade Debtors 0 0 0 0Other Current Assets 10,550 2,833 2,946 1,710


Total Assets 19,202 13,432 14,965 12,268

Trade Creditors 0 0 0 109Short-Term Loans 17,403 10,202 3,126 19,424Other Current Liabilities 109 1,031 1,156 0


T/Assets - C/Liabilities 1,690 2,199 10,683 -7,265

Long-Term Loans 0 0 0 0Other L/Term Liabilities 0 0 0 0Total Capital & Reserves 1,690 2,199 10,683 -7,265

Capital Employed 1,690 2,199 10,683 -7,265




Company Profiles


Guoman Hotel Management (UK) Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) -2.7 -56.8 -5.2 -23.8Return on Capital (%) -30.1 -346.7 -7.3 ^Pre-tax Profit Margin (%) -2.4 -50.4 -3.7 -17.1Return on Investment (%) -1.9 -61.5 -5.6 -15.2Rtn. on Total Capital & Reserves (%) -30.1 -346.7 -7.3 ^


Gearing Ratios Total Debt / Net Worth (%) 1,029.8 463.9 29.3 Êquity Gearing (%) 9.7 19.6 249.5 -37.2Income Gearing (Interest Cover) (%) ^ ^ ^ ^

Efficiency Ratios Debtor Days Outstanding 0 0 0 0Working Capital / Sales (%) -32.4 -55.6 -6.4 -104.4Stocks / Sales (%) 0.0 0.0 0.0 0.0Sales / Capital Employed 12.7 6.9 2.0 ^Sales / Fixed Assets 2.5 1.4 1.9 1.6Creditor Days 0 0 0 2Asset Utilisation 1.12 1.13 1.40 1.39

Employee Performance Pay per Employee (£) 36,189 38,168 34,260 -Profit per £ of Pay (£) -0.09 -1.20 -0.08 -Profit per Employee (£) -3,104 -45,647 -2,625 -Sales per Employee (£) 131,104 90,533 70,679 -Capital Employed per Employee (£) 10,305 13,168 36,091 -Fixed Assets per Employee (£) 52,756 63,467 37,696 -Pay / Sales (%) 27.6 42.2 48.5 -










2009 PBT includes 7.1m charge regarding licence of Thistle & ^ represents a figure that cannot be calculated.Guoman brands (2008 = 3.1m). - indicates a figure that is unavailable.


Company Profiles


Hand Picked Hotels Ltd

AddressThe Old LibraryThe DriveSevenoaksKentTN13 3AB


Fax 01732471001


Main SIC Codes55111

Directors (as at May 2011)Julia HandsKenneth ArkleyDouglas R. WaddellAmanda Newton

Company SecretaryJordan Company Secretaries Limited




Previous Name(s) with date(s) of changeMexicoscope Ltd, 29/07/1999

Holding CompanyAlscot Sarl

Ultimate Holding CompanyAlscot Sarl

Main UK Subsidiaries with Turnover (£’000)Wy (Nutfield Priory) Ltd 5Wy (Rookery Hall) Ltd 4Wy (Woodland Park) Ltd 4Rhinefield House Hotel Ltd 4New Hall Hotel Ltd 3Wy (Brands Hatch) Ltd 3Wy (Ettington Park) Ltd 3Audleys Wood Hotel Ltd 2Buxted Park Hotel Ltd 2Wy (Wood Hall) Ltd 2



Sales 59,203 58,347 61,638 43,850Pre-tax Profit -7,294 -8,235 -3,111 -1,418

Exports 0 0 0Non-Trading Income 4 8 66 90Depreciation 8,354 8,357 8,011 5,501Interest Paid 7,953 8,783 7,395 5,284


Directors Emoluments 783 770 805 1,034Employee Pay 22,333 21,418 20,626 15,421

Number of Employees 1,082 1,106 1,011 794

Balance Sheet




Stocks 2,321 2,249 3,037 3,886Trade Debtors 1,422 1,287 1,776 1,874Other Current Assets 4,870 5,903 6,280 17,115


Total Assets 172,116 178,419 184,483 140,034

Trade Creditors 2,305 2,431 2,293 2,841Short-Term Loans 2,013 470 3,031 605Other Current Liabilities 12,468 12,359 10,892 8,755



Long-Term Loans 125,485 125,883 145,897 107,431Other L/Term Liabilities 1 137 0 389Total Capital & Reserves 29,844 37,139 22,370 20,013


Type of Accounts Consolidated Consolidated Consolidated Consolidated



Company Profiles


Hand Picked Hotels Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) -4.2 -4.6 -1.7 -1.0Return on Capital (%) -4.7 -5.0 -1.8 -1.1Pre-tax Profit Margin (%) -12.3 -14.1 -5.0 -3.2Return on Investment (%) 0.4 0.3 2.5 3.0Rtn. on Total Capital & Reserves (%) -24.4 -22.2 -13.9 -7.1


Gearing Ratios Total Debt / Net Worth (%) 427.2 340.2 665.7 539.8Equity Gearing (%) 21.0 26.3 13.8 16.7Income Gearing (Interest Cover) (%) 1,206.8 1,602.7 172.6 136.7

Efficiency Ratios Debtor Days Outstanding 9 8 11 16Working Capital / Sales (%) -13.8 -10.0 -8.3 24.3Stocks / Sales (%) 3.9 3.9 4.9 8.9Sales / Capital Employed 0.4 0.4 0.4 0.3Sales / Fixed Assets 0.4 0.3 0.4 0.4Creditor Days 14 15 14 24Asset Utilisation 0.34 0.33 0.33 0.31

Employee Performance Pay per Employee (£) 20,640 19,365 20,402 19,422Profit per £ of Pay (£) -0.33 -0.38 -0.15 -0.09Profit per Employee (£) -6,741 -7,446 -3,077 -1,786Sales per Employee (£) 54,716 52,755 60,967 55,227Capital Employed per Employee (£) 143,558 147,522 166,436 160,999Fixed Assets per Employee (£) 151,112 152,785 171,503 147,555Pay / Sales (%) 37.7 36.7 33.5 35.2

Other Ratios Exports / Sales (%) 0.0 - 0.0 0.0









2008 T/O includes 6.4m acquisitions. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Hastings Hotels Group Ltd

AddressMidland BuildingWhitla StreetBelfastCounty AntrimBT15 1NH


Fax 02890748152

Trading ActivityA group engaged in the operation of hotelsand the provision of related cateringservices.

Main SIC Codes55111

Directors (as at May 2011)John E. CarsonKathleen J. HastingsJulie A. H. MaguireJohn D. TonerAileen C. L. MartinHoward J. HastingsWilliam G. HastingsAllyson McKimm

Company SecretaryJohn E. Carson


BankersBank Of Ireland


Registered NumberNI008164

Main UK Subsidiaries with Turnover (£’000)Moyola (Cellars) Ltd 32

Profit & Loss



Exports 0 0Non-Trading Income 82 2,852 40Depreciation 3,037 3,086 3,037Interest Paid 1,251 2,318 1,372


Directors Emoluments 953 1,051 827Employee Pay 10,583 10,920 10,339

Number of Employees 1,085 933 987

Balance Sheet






Total Assets 55,668 57,328 53,813




Long-Term Loans 36 1,150 3,950Other L/Term Liabilities 451 320 392Total Capital & Reserves 32,189 31,470 28,469




Company Profiles


Hastings Hotels Group Ltd


















Company Profiles


Hhr Piccadilly Ltd

Address21 PiccadillyLondonW1V 0BH


Fax 020 74373574

Trading ActivityThe operation of a hotel called ’Le MeridienPiccadilly’.

Main SIC Codes55111

Directors (as at May 2011)Jeffrey S. ClarkLarry K. Harvey

Company SecretaryIntertrust (Uk) Limited




Previous Name(s) with date(s) of changeStarman Piccadilly Ltd, 04/08/2010Le Meridien Piccadilly Ltd, 30/03/2006Meridien Piccadilly Ltd, 12/05/1994Le Meridien London Ltd, 09/05/1994

Holding CompanyHhr UK Ii B.V.

Ultimate Holding CompanyStarman Hotel Hldgs. Llc

Profit & Loss


Sales 21,848 22,982 23,740Pre-tax Profit -669 -746 1,307

Exports 0 0 0Non-Trading Income -140 417 334Depreciation 1,240 1,358 1,195Interest Paid 1,404 3,362 3,057




Balance Sheet






Total Assets 24,272 24,827 27,081








Company Profiles


Hhr Piccadilly Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -2.8 -3.0 4.8Return on Capital (%) - -3.8 -3.9 6.0Pre-tax Profit Margin (%) - -3.1 -3.2 5.5Return on Investment (%) - 3.2 11.4 17.8Rtn. on Total Capital & Reserves (%) - ^ ^ ^
















Company Profiles


Hilton International Hotels (UK) Ltd

AddressMaple CourtCentre Park Reeds CrescentWatfordHertfordshireWD24 4QQ


Trading ActivityHotel proprietors.

Main SIC Codes55111

Directors (as at May 2011)Paul F. JamesStephen HumphreysMark J. WayJohn C. PhilipBrian WilsonSimon R. VincentElizabeth J. Rabin





Previous Name(s) with date(s) of changeHilton Hotels (U.K) Ltd, 31/12/1977


Main UK Subsidiaries with Turnover (£’000)Hilton Worldwide Ltd 102Hilton UK Hotels Ltd 7

Profit & Loss



Exports 0 0 0Non-Trading Income 4,392 14,297 -3,830Depreciation 9,166 4,260 3,715Interest Paid 50,255 117,883 126,052

Auditors Fees 0 0 0

Directors Emoluments 0 0 0Employee Pay 11,221 11,870

Number of Employees

Balance Sheet


Tangible Fixed Assets 55,899 62,016 61,330Intangible Assets 0 0 0Intermediate Assets 2,565,428 2,566,345 2,565,208




Total Assets 2,824,303 2,833,552 2,856,498

Trade Creditors 813 955 1,208Short-Term Loans 2,660,828 2,730,884 2,311,826Other Current Liabilities 6,634 10,063 6,668

Total Current Liabilities 2,668,275 2,741,902 2,319,702






Company Profiles


Hilton International Hotels (UK) Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 2.3 -15.7 -4.2Return on Capital (%) - 41.2 -484.8 -22.5Pre-tax Profit Margin (%) - 114.1 -748.4 -207.7Return on Investment (%) - 4.1 -11.6 0.2Rtn. on Total Capital & Reserves (%) - 55.5 -861.9 -24.3


Gearing Ratios Total Debt / Net Worth (%) - 2,329.8 5,375.3 473.5Equity Gearing (%) - 4.3 1.9 21.0Income Gearing (Interest Cover) (%) - 43.9 ^ 2,325.7

Efficiency Ratios Debtor Days Outstanding - 11 12 27Working Capital / Sales (%) - -4,375.2 -4,272.9 -3,598.3Stocks / Sales (%) - 0.9 0.8 0.7Sales / Capital Employed - 0.4 0.6 0.1Sales / Fixed Assets - 1.0 1.0 0.9Creditor Days - 5 6 8Asset Utilisation - 0.02 0.02 0.02

Employee Performance Pay per Employee (£) - - - -Profit per £ of Pay (£) - 5.73 - -10.16Profit per Employee (£) - - - -Sales per Employee (£) - - - -Capital Employed per Employee (£) - - - -Fixed Assets per Employee (£) - - - -Pay / Sales (%) - 19.9 - 20.4







Position in subsectorEmployee Performance Pay per Employee -Profit per £ of Pay 1Sales per Employee -Capital Employed per Employee -Pay / Sales 96



2009 PBT includes 113.1m income from foreign exchange on ^ represents a figure that cannot be calculated.currency loans (2008 = 344.8m loss on foreign exchange). - indicates a figure that is unavailable.


Company Profiles


Hilton Worldwide Ltd

Address3 Atlantic Quay20 York StreetGlasgowLanarkshireG2 8JH


Fax 01413048899


Main SIC Codes55111

Directors (as at May 2011)Paul F. JamesStephen HumphreysMark J. WayJohn C. PhilipBrian WilsonSimon R. VincentElizabeth J. RabinHilton Corporate Director Llc





Previous Name(s) with date(s) of changeStakis Ltd, 22/12/2010Stakis PLC, 31/07/2001

Holding CompanyHilton Intl. Hotels (UK) Ltd


Main UK Subsidiaries with Turnover (£’000)Comfort Hotels Ltd

Profit & Loss





Directors Emoluments 0 0Employee Pay 33,710 59,181

Number of Employees

Balance Sheet




Stocks 993 1,323 1,692Trade Debtors 3,768 18,284 24,369Other Current Assets 169,210 198,687 76,166


Total Assets 881,087 955,426 862,446








Company Profiles


Hilton Worldwide Ltd






Employee Performance Pay per Employee (£) - - - -Profit per £ of Pay (£) - -0.71 - -0.05Profit per Employee (£) - - - -Sales per Employee (£) - - - -Capital Employed per Employee (£) - - - -Fixed Assets per Employee (£) - - - -Pay / Sales (%) - 32.9 - 29.7










2007 T/O includes 81.1m discontinued operations. ^ represents a figure that cannot be calculated.2007 PBT includes 6.1m profit on disposal of fixed assets. - indicates a figure that is unavailable.


Company Profiles


H L T Stakis Operator Ltd

AddressMaple Court, Central ParkReeds CrescentWatfordHertfordshireWD24 4QQ


Main SIC Codes55111

Directors (as at May 2011)Brian WilsonMark J. WaySimon R. VincentElizabeth J. RabinHilton Corporate Director Llc





Holding CompanyHlt Operating Iii-A Holding Ltd


Profit & Loss


Sales 47,106 58,260Pre-tax Profit -6,600 -7,820

Exports 0 0Non-Trading Income 0 178Depreciation 5,147 2,425Interest Paid 114 613

Auditors Fees 0

Directors Emoluments 0 0Employee Pay 15,577

Number of Employees

Balance Sheet







Trade Creditors 609 827Short-Term Loans 14,531 5,805Other Current Liabilities 6,248 6,263


T/Assets - C/Liabilities 5,085 10,540

Long-Term Loans 0 0Other L/Term Liabilities 0 0Total Capital & Reserves 5,085 10,540

Capital Employed 5,085 10,540



Company Profiles


H L T Stakis Operator Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -24.9 -27.5 -Return on Capital (%) - -129.8 -61.2 -Pre-tax Profit Margin (%) - -14.0 -13.4 -Return on Investment (%) - -33.1 -36.4 -Rtn. on Total Capital & Reserves (%) - -129.8 -61.2 -


Gearing Ratios Total Debt / Net Worth (%) - 285.8 55.1 -Equity Gearing (%) - 23.8 81.7 -Income Gearing (Interest Cover) (%) - ^ ^ -

Efficiency Ratios Debtor Days Outstanding - 10 15 -Working Capital / Sales (%) - -16.0 -10.2 -Stocks / Sales (%) - 0.7 0.7 -Sales / Capital Employed - 9.3 4.6 -Sales / Fixed Assets - 3.7 3.1 -Creditor Days - 5 6 -Asset Utilisation - 1.78 2.05 -

Employee Performance Pay per Employee (£) - - - -Profit per £ of Pay (£) - - -0.50 -Profit per Employee (£) - - - -Sales per Employee (£) - - - -Capital Employed per Employee (£) - - - -Fixed Assets per Employee (£) - - - -Pay / Sales (%) - - 26.7 -












Company Profiles


H L T Stakis S P E Ltd

AddressMaple Court, Central ParkReeds CrescentWatfordHertfordshireWD24 4QQ


Main SIC Codes55111

Directors (as at May 2011)Brian WilsonMark J. WaySimon R. VincentElizabeth J. RabinHilton Corporate Director Llc





Holding CompanyHlt Owned X-A Holding Ltd


Profit & Loss


Sales 31,586 36,324Pre-tax Profit 3,030 6,937

Exports 0 0Non-Trading Income 821 1,932Depreciation 3,818 2,962Interest Paid 0 0

Auditors Fees 0


Number of Employees

Balance Sheet




Stocks 162 145Trade Debtors 788 1,061Other Current Assets 38,430 69,258


Total Assets 109,727 143,017

Trade Creditors 576 1,058Short-Term Loans 24,437 61,088Other Current Liabilities 5,169 4,334



Long-Term Loans 0 0Other L/Term Liabilities 0 0Total Capital & Reserves 79,545 76,537




Company Profiles


H L T Stakis S P E Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 2.8 4.0 -Return on Capital (%) - 3.8 7.5 -Pre-tax Profit Margin (%) - 9.6 19.1 -Return on Investment (%) - 2.9 4.2 -Rtn. on Total Capital & Reserves (%) - 3.8 7.5 -


Gearing Ratios Total Debt / Net Worth (%) - 30.7 79.8 -Equity Gearing (%) - 263.6 115.1 -Income Gearing (Interest Cover) (%) - 0.0 0.0 -

Efficiency Ratios Debtor Days Outstanding - 9 13 -Working Capital / Sales (%) - 29.1 13.3 -Stocks / Sales (%) - 0.5 0.5 -Sales / Capital Employed - 0.4 0.4 -Sales / Fixed Assets - 0.4 0.4 -Creditor Days - 7 13 -Asset Utilisation - 0.29 0.21 -

Employee Performance Pay per Employee (£) - - - -Profit per £ of Pay (£) - - 0.62 -Profit per Employee (£) - - - -Sales per Employee (£) - - - -Capital Employed per Employee (£) - - - -Fixed Assets per Employee (£) - - - -Pay / Sales (%) - - 30.9 -












Company Profiles


Hotel Inter-Continental London Ltd

AddressBroadwater ParkDenhamMiddlesexUB9 5HR

Trading ActivityThe ownership and operation of a hotel.

Main SIC Codes55111

Directors (as at May 2011)Allan S. McEwanCatherine M. SpringettNigel P. StocksRalph WheelerGeorge Turner

Company SecretaryHelen J. Martin





Previous Name(s) with date(s) of changeApsley Hotels Ltd, 08/02/2000Apsley Park Hotel Co. Ltd, 18/02/1985

Holding CompanyHotel Intercontinental London (Hldgs.) Ltd

Ultimate Holding CompanyIntercontinental Hotels Gp. PLC

Profit & Loss


Sales 43,487 45,206 34,664Pre-tax Profit 9,972 8,304 -859

Exports 0 0Non-Trading Income 426 2,302 7Depreciation 4,088 4,255 3,559Interest Paid 2,915 7,992 5,754

Auditors Fees 3 3 3



Balance Sheet






Total Assets 219,526 220,984 204,441




Long-Term Loans 0 0 0Other L/Term Liabilities 724 2,217 0Total Capital & Reserves 135,322 122,696 116,520




Company Profiles


Hotel Inter-Continental London Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 4.5 3.8 -0.4Return on Capital (%) - 7.3 6.6 -0.7Pre-tax Profit Margin (%) - 22.9 18.4 -2.5Return on Investment (%) - 6.0 7.6 2.5Rtn. on Total Capital & Reserves (%) - 7.4 6.8 -0.7




Employee Performance Pay per Employee (£) - 23,160 23,407 25,038Profit per £ of Pay (£) - 1.35 1.12 -0.12Profit per Employee (£) - 31,260 26,196 -2,962Sales per Employee (£) - 136,323 142,606 119,531Capital Employed per Employee (£) - 426,476 394,047 401,793Fixed Assets per Employee (£) - 595,313 610,356 678,169Pay / Sales (%) - 17.0 16.4 20.9

Other Ratios Exports / Sales (%) - 0.0 - 0.0









2008 PBT includes exceptional income of 1.9m ^ represents a figure that cannot be calculated.tangible fixed assets. - indicates a figure that is unavailable.


Company Profiles


Hotel Management International (Holdings) Ltd

Address86 East LaneWembleyMiddlesexHA0 3NJ


Trading ActivityA group engaged in the operation of hotelsand the provision of consultancy andmanagement services to the hotel and leisureindustry.


Directors (as at May 2011)Peter N. SalussoliaChristina SalussoliaGraeme J. Ramsay

Company SecretaryGraeme J. Ramsay

AuditorsKpmg Llp



Main UK Subsidiaries with Turnover (£’000)Hotel Mgmt. Intl. Ltd 4Carlton Hotels UK Ltd 3

Profit & Loss



Exports 42,517 35,009Non-Trading Income 0 35 76Depreciation 3,237 3,681 2,710Interest Paid 1,445 2,484 2,227




Balance Sheet


Tangible Fixed Assets 84,488 87,623 76,889Intangible Assets 0 0 -376Intermediate Assets 0 0 0




Total Assets 93,876 97,997 86,172








Company Profiles


Hotel Management International (Holdings) Ltd


















Company Profiles


Hotel Property Investors U.K. Ltd

AddressSuite G39Heathrow Renaissance HotelBath RoadHounslowMiddlesexTW6 2AQ


Fax 02088971113

Trading ActivityHoteliers and caterers.


Directors (as at May 2011)Peter VoitKarl D. HeiningerPatrick M. GaffneyDaniel SedlmayerAlastair B. Thomann

Company SecretaryBradley D. Hornbacher




Previous Name(s) with date(s) of changePenta Airport Hotels Ltd, 10/07/1995Eightieth Shelf Trading Co. Ltd, 31/12/1980

Holding CompanyHpi Chancery Court Hotel Ltd.

Ultimate Holding CompanyCtf Hldgs. Ltd

Profit & Loss


Sales 31,763 39,255 47,672Pre-tax Profit -5,341 3,147 1,577

Exports 11,141 11,933 11,495Non-Trading Income 355 8,501 752Depreciation 1,488 1,553 2,255Interest Paid 0 0 0




Balance Sheet






Total Assets 33,072 32,483 38,025








Company Profiles


Hotel Property Investors U.K. Ltd
















2008 PBT includes 7.6m profit on sale of operations. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Imperial London Hotels Ltd (The)

AddressThe Imperial HotelRussell SquareHolbornLondonWC1B 5BB


Fax 02078374653

Trading ActivityA group engaged in the operation of hotels,property investment and trading,agriculture, the operation of car parks,copper casting, ticket agency and coachsightseeing.

Main SIC Codes55111

Directors (as at May 2011)Stephen H. WalduckThomas H. WalduckHugh R. WalduckKatharine T. WallerCandida S. WaltonNicholas S. R. D. WalduckAlexander H. E. P. WalduckJason A. G. Walduck

Company SecretaryHugh R. Walduck

AuditorsDixon Wilson




Holding CompanyImperial London Hotels Gp. Ltd

Main UK Subsidiaries with Turnover (£’000)Brownlow Trust Ltd 1Travellers Check-In LtdC C Parking LtdHatfield Farms LtdPhilip Kirsh LtdWalduck Properties Ltd

Profit & Loss



ExportsNon-Trading Income 1,720 1,351 1,606Depreciation 616 558 569Interest Paid 475 932 1,384




Balance Sheet






Total Assets 128,350 123,785 120,085




Long-Term Loans 0 0 6,000Other L/Term Liabilities 632 570 557Total Capital & Reserves 114,390 102,762 94,192




Company Profiles


Imperial London Hotels Ltd (The)
















2008 T/O includes disposals of 543k. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Jake Feather Hotels Ltd

AddressCater House113 Mount PleasentLiverpoolMerseysideL3 5TF

Trading ActivityA group engaged as hoteliers.

Main SIC Codes55110

Directors (as at May 2011)Paul B. FeatherStuart G. HunterSean BradyPauline Feather

Company SecretaryStuart G. Hunter

AuditorsDuncan Sheard Glass




Main UK Subsidiaries with Turnover (£’000)Feathers (Chester) Ltd 14

Profit & Loss


Sales 15,658Pre-tax Profit 1,794

Exports 0Non-Trading Income 0Depreciation 1,427Interest Paid 882

Auditors Fees

Directors Emoluments 0Employee Pay 3,784

Number of Employees 309

Balance Sheet


Tangible Fixed Assets 55,379Intangible Assets -1,268 0 0Intermediate Assets 0



Total Current Assets 1,667 577 670

Total Assets 55,778 5,077 4,242

Trade Creditors 792 312 555Short-Term Loans 4,507Other Current Liabilities 1,524

Total Current Liabilities 6,823 312 555


Long-Term Loans 17,602Other L/Term Liabilities 3,897Total Capital & Reserves 27,456 4,679 3,553


Type of Accounts Consolidated Unconsolidated Unconsolidated


Company Profiles


Jake Feather Hotels Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 3.2 - -Return on Capital (%) - 3.7 - -Pre-tax Profit Margin (%) - 11.5 - -Return on Investment (%) - 5.0 - -Rtn. on Total Capital & Reserves (%) - 6.5 - -


Gearing Ratios Total Debt / Net Worth (%) - 77.0 - -Equity Gearing (%) - 96.9 1,175.6 515.7Income Gearing (Interest Cover) (%) - 33.0 - -

Efficiency Ratios Debtor Days Outstanding - 11 - -Working Capital / Sales (%) - -32.9 - -Stocks / Sales (%) - 2.2 - -Sales / Capital Employed - 0.3 - -Sales / Fixed Assets - 0.3 - -Creditor Days - 18 - -Asset Utilisation - 0.28 - -

Employee Performance Pay per Employee (£) - 12,246 - -Profit per £ of Pay (£) - 0.47 - -Profit per Employee (£) - 5,806 - -Sales per Employee (£) - 50,673 - -Capital Employed per Employee (£) - 158,430 - -Fixed Assets per Employee (£) - 179,220 - -Pay / Sales (%) - 24.2 - -

Other Ratios Exports / Sales (%) - 0.0 - -







Position in subsectorGrowth Sales Growth -Pre-tax Profit Growth -Total Assets Growth 1Number of Employees Growth -Exports Growth -




Company Profiles


Jarvis Hotels Ltd.

AddressCastle HouseDesborough RoadHigh WycombeBucksHP11 2PR


Fax 01494471666

Trading ActivityThe ownership and management of hotels.

Main SIC Codes55111

Directors (as at May 2011)John F. JarvisStephen J. Hebborn

Company SecretaryDuncan J. G. Beveridge

AuditorsKpmg Llp



Previous Name(s) with date(s) of changeJarvis Hotels PLC, 24/02/2004Jarvis Hotels Ltd, 30/05/1996Fallowdene Ltd, 22/06/1990

Holding CompanyKayterm Ltd

Ultimate Holding CompanyKayterm Ltd

Main UK Subsidiaries with Turnover (£’000)Jarvis Hotels Watford Ltd 1Jarvis Hotels Gloucester LtdJarvis Hotels Bolton Ltd

Profit & Loss



Exports 0 0 0Non-Trading Income -531 3,652 3,400Depreciation 14,424 11,552 8,456Interest Paid 3,289 3,464 89




Balance Sheet






Total Assets 217,854 228,714 232,138








Company Profiles


Jarvis Hotels Ltd.
















2010 PBT includes exceptional charges of 2.8m. ^ represents a figure that cannot be calculated.undertakings. - indicates a figure that is unavailable.


Company Profiles


Jurys Hotel Group (UK) Ltd

Address47 Welbeck StreetLondonW1G 8DN


Fax 02079693866

Trading ActivityThe operation of hotels and inns.

Main SIC Codes55111

Directors (as at May 2011)Thomas DowdCormac O’TighearnaighJohn J. BrennanJohn J. Brennan

Company SecretaryLinda A. Jordan

AuditorsKpmg




Previous Name(s) with date(s) of changeJurys Doyle Hotel Group (U.K.) Ltd,27/08/2010Jurys Hotel Group (U.K.) Ltd, 16/10/2002Midlaw Ltd, 05/07/1990

Holding CompanyJurys Hotel Mgmt. (UK) Ltd

Ultimate Holding CompanyVesway Ltd

Profit & Loss



Exports 0 0Non-Trading Income 0 0 4,570Depreciation 694 661 911Interest Paid 0 0 487

Auditors Fees 0 4 5


Number of Employees 138 189

Balance Sheet






Total Assets 106,244 102,269 98,787

Trade Creditors 413 282 233Short-Term Loans 1,918 569 0Other Current Liabilities 699 1,280 1,152







Company Profiles


Jurys Hotel Group (UK) Ltd






Employee Performance Pay per Employee (£) - - 16,065 15,878Profit per £ of Pay (£) - - 1.30 2.65Profit per Employee (£) - - 20,833 42,037Sales per Employee (£) - - 89,920 65,127Capital Employed per Employee (£) - - 725,638 515,354Fixed Assets per Employee (£) - - 492,746 310,979Pay / Sales (%) - - 17.9 24.4








Position in subsectorGrowth Sales Growth 66Pre-tax Profit Growth 57Total Assets Growth 47Number of Employees Growth -Exports Growth -


2007 PBT includes 3.8m exceptional income regarding ^ represents a figure that cannot be calculated.profit on disposal of fixed assets. - indicates a figure that is unavailable.


Company Profiles


Kensington Close Hotel Ltd

AddressFlat 11-2 Coach And Horses YardLondonW1S 2EH

Trading ActivityHotel ownership and management.

Main SIC Codes55111

Directors (as at May 2011)Bakir A. ColaAzad B. A. Cola

Company SecretaryAzad B. A. Cola

AuditorsWilder Coe



Previous Name(s) with date(s) of changeKensington Post Hotel Ltd, 09/09/2002Clarrit Ltd, 04/09/2002

Holding CompanyCola Hldgs. Ltd

Ultimate Holding CompanyCola Hldgs. Ltd

Profit & Loss


Sales 14,892 16,044 15,066Pre-tax Profit -3,081 440 999

Exports 0 0 0Non-Trading Income 1 7 5Depreciation 850 964 1,117Interest Paid 4,744 4,804 4,480




Balance Sheet




Stocks 23 21 18Trade Debtors 1,173 1,143 998Other Current Assets 254 237 422


Total Assets 77,335 77,523 76,585

Trade Creditors 528 512 895Short-Term Loans 2,689 1,299 47Other Current Liabilities 3,235 1,748 1,795







Company Profiles


Kensington Close Hotel Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -4.0 0.6 1.3Return on Capital (%) - -4.3 0.6 1.4Pre-tax Profit Margin (%) - -20.7 2.7 6.6Return on Investment (%) - 2.3 7.0 7.4Rtn. on Total Capital & Reserves (%) - ^ ^ ^
















Company Profiles


Kew Green Hotels Ltd

AddressQueen’s WharfQueen Caroline StreetHammersmithLondonW6 9RQ


Trading ActivityA group engaged in the development andoperation of limited service hotels underlong term leases or joint venturearrangement.


Directors (as at May 2011)Paul D. JohnsonFriedrich L. R. TernofskyGraham R. SidwellGraham B. StanleyJameson A. Lamb

Company SecretaryJameson A. Lamb




Main UK Subsidiaries with Turnover (£’000)Kew Green (Square) Ltd 21Kew Green Hotels (Gatwick) Ltd 4Kew Green Hotels (Portsmouth) Ltd 3Kew Green Hotels (Norwich) Ltd 3Kew Green Hotels (Nottingham) Ltd 1Kew Green Hotels (Luton) Ltd 1Kew Green Hotels (Derby) Ltd 1Kew Green Hotels (Wakefield) LtdKew Green Hotels (Stansted) Ltd

Profit & Loss


Sales 41,660 41,348 37,425Pre-tax Profit -6,025 276 -2,691





Balance Sheet


Tangible Fixed Assets 137,229 145,840 132,804Intangible Assets -213 -16,206 -31,340Intermediate Assets 860 567 355




Total Assets 144,633 137,050 108,495



T/Assets - C/Liabilities -1,907 3,502 3,601

Long-Term Loans 3,838 3,790 4,154Other L/Term Liabilities 889 592 1,205Total Capital & Reserves -6,634 -880 -1,758

Capital Employed -1,907 3,502 3,601



Company Profiles


Kew Green Hotels Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -4.2 0.2 -2.5Return on Capital (%) - ^ 7.9 -74.7Pre-tax Profit Margin (%) - -14.5 0.7 -7.2Return on Investment (%) - 5.1 7.2 3.1Rtn. on Total Capital & Reserves (%) - ^ ^ ^


Gearing Ratios Total Debt / Net Worth (%) - ^ 831.8 341.0Equity Gearing (%) - -4.4 -0.6 -1.6Income Gearing (Interest Cover) (%) - 186.3 97.0 187.6

Efficiency Ratios Debtor Days Outstanding - 10 12 13Working Capital / Sales (%) - -335.5 -306.4 -262.4Stocks / Sales (%) - 0.3 0.3 0.4Sales / Capital Employed - ^ 11.8 10.4Sales / Fixed Assets - 0.3 0.3 0.3Creditor Days - 32 36 25Asset Utilisation - 0.29 0.30 0.34

Employee Performance Pay per Employee (£) - 13,465 10,916 12,975Profit per £ of Pay (£) - -0.52 0.03 -0.29Profit per Employee (£) - -6,973 305 -3,738Sales per Employee (£) - 48,218 45,638 51,979Capital Employed per Employee (£) - -2,207 3,865 5,001Fixed Assets per Employee (£) - 158,830 160,971 184,450Pay / Sales (%) - 27.9 23.9 25.0










2008 T/O includes acquisitions of 1.7m. ^ represents a figure that cannot be calculated.2007 PBT includes exceptional charges of 3.4m. - indicates a figure that is unavailable.


Company Profiles


L.5.1.N Ltd

AddressChelsea House West GateLondonW5 1DR

Trading ActivityA group engaged in multiple retailing andwholesaling and franchising of clothing,operation of hotels and property developmentand investment management in banking.


Directors (as at May 2011)Christina RossettiJulian H. LewisClive R. LewisBenjamin J. Lewis

Company SecretaryCavendish Square Secretariat

AuditorsBdo Llp



Previous Name(s) with date(s) of changeLtg UK Holdings Ltd, 16/06/2010

Holding CompanyLfh Intl. Ltd

Ultimate Holding CompanyLfh Intl. Ltd

Main UK Subsidiaries with Turnover (£’000)Lewis Trust Gp. Ltd 1,026

Profit & Loss

Date of Accounts 31/12/2009£000s

Sales 1,026,167Pre-tax Profit 37,704

Exports 263,773Non-Trading Income -2,072Depreciation 76,204Interest Paid 75,223

Auditors Fees 1,005

Directors Emoluments 1,355Employee Pay 180,064

Number of Employees 16,073

Balance Sheet

Date of Accounts 31/12/2009£000s

Tangible Fixed Assets 1,091,932Intangible Assets 8,156Intermediate Assets 114,121

Total Fixed Assets 1,214,209

Stocks 144,238Trade Debtors 34,987Other Current Assets 411,459

Total Current Assets 590,684

Total Assets 1,804,893

Trade Creditors 63,447Short-Term Loans 2,068,255Other Current Liabilities 189,634

Total Current Liabilities 2,321,336

T/Assets - C/Liabilities -516,443

Long-Term Loans 366,007Other L/Term Liabilities 123,409Total Capital & Reserves -1,005,859

Capital Employed -516,443

Type of Accounts Consolidated

Number of weeks 50

Company Profiles


L.5.1.N Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 2.2 - -Return on Capital (%) - ^ - -Pre-tax Profit Margin (%) - 3.7 - -Return on Investment (%) - 7.6 - -Rtn. on Total Capital & Reserves (%) - ^ - -

Liquidity Ratios Quick Ratio (Acid Test) - 0.19 - -Current Ratio - 0.25 - -

Gearing Ratios Total Debt / Net Worth (%) - ^ - -Equity Gearing (%) - -35.8 - -Income Gearing (Interest Cover) (%) - 66.6 - -

Efficiency Ratios Debtor Days Outstanding - 12 - -Working Capital / Sales (%) - -162.2 - -Stocks / Sales (%) - 13.5 - -Sales / Capital Employed - ^ - -Sales / Fixed Assets - 1.0 - -Creditor Days - 22 - -Asset Utilisation - 0.59 - -

Employee Performance Pay per Employee (£) - 11,651 - -Profit per £ of Pay (£) - 0.21 - -Profit per Employee (£) - 2,440 - -Sales per Employee (£) - 66,398 - -Capital Employed per Employee (£) - -32,131 - -Fixed Assets per Employee (£) - 67,936 - -Pay / Sales (%) - 17.5 - -












Company Profiles


Lake District Hotels Ltd

AddressArmeswaite Hall HotelBasenthwaite LakeKeswickCumbriaCA12 4RE


Fax 01760776220


Main SIC Codes55111

Directors (as at May 2011)Kit B. GravesCharles J. Graves

Company SecretaryCharles J. Graves

AuditorsGibbons




Previous Name(s) with date(s) of changeKings Arms (Keswick) Ltd, 04/09/2000Chiefbarn Ltd, 15/03/1983

Profit & Loss



Exports 0 0 0Non-Trading Income 3 20 54Depreciation 319 1,266 753Interest Paid 151 395 415




Balance Sheet






Total Assets 36,301 29,832 29,008








Company Profiles


Lake District Hotels Ltd


















Company Profiles


The Lancaster Landmark Hotel Co. Ltd

AddressLancaster TerraceLondonW2 2TY

Telephone 020 7262 6737


Main SIC Codes55111

Directors (as at May 2011)Mohamed H. GemeiSuchart SihanartkatakulJatuporn SihanatkathakulBrian D. HladnikThiti SihanatkathakulTosaporn Sihanatkathakul

Company SecretaryCornhill Secretaries Limited




Previous Name(s) with date(s) of changeSpacetrade Ltd, 01/09/1993

Holding CompanyLancaster Hotel Jersey Ltd

Ultimate Holding CompanySiam Property Development Co. Ltd

Profit & Loss



Exports 0 0 0Non-Trading Income 504 1,182 888Depreciation 1,535 3,632 5,618Interest Paid 3,689 5,177 5,639




Balance Sheet






Total Assets 258,389 357,009 372,094

Trade Creditors 413 480 3,250Short-Term Loans 41,004 19,884 354Other Current Liabilities 3,894 14,658 8,550







Company Profiles


The Lancaster Landmark Hotel Co. Ltd





Efficiency Ratios Debtor Days Outstanding - 25 8 24Working Capital / Sales (%) - -144.9 -28.1 6.8Stocks / Sales (%) - 0.3 0.1 0.4Sales / Capital Employed - 0.1 0.2 0.2Sales / Fixed Assets - 0.4 0.4 0.2Creditor Days - 5 3 17Asset Utilisation - 0.11 0.18 0.19











2008 T/O includes 32.7m discontinued operations. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Landmark Hotel London Ltd

AddressRoyal Lancaster HotelLancaster TerraceLondonW2 2TY

Trading ActivityOwnership and management of a London hotel.

Main SIC Codes55300

Directors (as at May 2011)Tosaporn SihanatkathakulBrian D. HladnikJatuporn SihanatkathakulSuchart SihanartkatakulThiti SihanatkathakulMohamed H. Gemei

Company SecretaryCornhill Secretaries Limited




Holding CompanyLandmark Hotel Jersey Ltd

Ultimate Holding CompanySiam Property Development Co. Ltd




Exports 0Non-Trading Income 11 158Depreciation 2,011 2,288Interest Paid 284 1,010

Auditors Fees 30 30



Balance Sheet






Total Assets 205,729 203,689

Trade Creditors 1,097 888Short-Term Loans 329 291Other Current Liabilities 4,089 4,749



Long-Term Loans 180,335 183,344Other L/Term Liabilities 7,571 9,187Total Capital & Reserves 12,308 5,230





Company Profiles


Landmark Hotel London Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) 3.8 3.2 - -Return on Capital (%) 3.9 3.3 - -Pre-tax Profit Margin (%) 23.9 21.5 - -Return on Investment (%) 4.0 3.7 - -Rtn. on Total Capital & Reserves (%) 62.9 124.0 - -

Liquidity Ratios Quick Ratio (Acid Test) 1.51 0.82 - -Current Ratio 1.53 0.84 - -

Gearing Ratios Total Debt / Net Worth (%) 1,467.9 3,511.2 - -Equity Gearing (%) 6.4 2.6 - -Income Gearing (Interest Cover) (%) 3.5 11.1 - -

Efficiency Ratios Debtor Days Outstanding 30 13 - -Working Capital / Sales (%) 9.1 -3.2 - -Stocks / Sales (%) 0.4 0.4 - -Sales / Capital Employed 0.2 0.2 - -Sales / Fixed Assets 0.2 0.2 - -Creditor Days 12 11 - -Asset Utilisation 0.16 0.15 - -

Employee Performance Pay per Employee (£) 21,885 23,142 - -Profit per £ of Pay (£) 0.79 0.68 - -Profit per Employee (£) 17,398 15,706 - -Sales per Employee (£) 72,876 73,067 - -Capital Employed per Employee (£) 449,919 478,840 - -Fixed Assets per Employee (£) 443,294 481,160 - -Pay / Sales (%) 30.0 31.7 - -

Other Ratios Exports / Sales (%) 0.0 - - -











Company Profiles


Land Securities (Hotels) Ltd

Address5 StrandLondonWC2N 5AF

Trading ActivityThe holding of leaseholds of 29 hotels inagreement with Accor Hotels.

Main SIC Codes70209

Directors (as at May 2011)Land Securities Portfolio Management LimitedPeter M. DudgeonLand Securities Management Services Limited

Company SecretaryPeter M. Dudgeon




Previous Name(s) with date(s) of changeLand Securities Trillium (Hotels) Ltd,04/12/2008Shelfco (No.3355) Ltd, 01/02/2007

Holding CompanyLand Securities Property Hldgs. Ltd

Ultimate Holding CompanyLand Securities Gp. PLC

Profit & Loss


Sales 26,253 29,548 29,314Pre-tax Profit 4,600 5,289 865

Exports 0 0 0Non-Trading Income 0 0 0Depreciation 0 0 0Interest Paid 20,336 22,511 27,667

Auditors Fees 0 0 2


Number of Employees

Balance Sheet


Tangible Fixed Assets 0 0 0Intangible Assets 0 0 0Intermediate Assets 343,030 327,100 438,888


Stocks 0 0 0Trade Debtors 5,074 7,957 2,350Other Current Assets 320 27,110 15,557


Total Assets 348,424 362,167 456,795



T/Assets - C/Liabilities 21,962 -44,703 66,126

Long-Term Loans 0 0 0Other L/Term Liabilities 0 0 0Total Capital & Reserves 21,962 -44,703 66,126

Capital Employed 21,962 -44,703 66,126



Company Profiles


Land Securities (Hotels) Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 1.3 1.5 0.2Return on Capital (%) - 20.9 ^ 1.1Pre-tax Profit Margin (%) - 17.5 17.9 3.0Return on Investment (%) - 7.2 7.7 5.1Rtn. on Total Capital & Reserves (%) - 20.9 ^ 1.1


Gearing Ratios Total Debt / Net Worth (%) - 1,481.7 ^ 580.8Equity Gearing (%) - 6.7 -11.0 16.9Income Gearing (Interest Cover) (%) - 81.6 81.0 97.0

Efficiency Ratios Debtor Days Outstanding - 71 98 36Working Capital / Sales (%) - -1,223.0 -1,258.3 -1,565.1Stocks / Sales (%) - 0.0 0.0 0.0Sales / Capital Employed - 1.2 ^ 0.4Sales / Fixed Assets - ^ ^ ^Creditor Days - 0 0 0Asset Utilisation - 0.08 0.08 0.05







Position in subsectorEfficiency Debtor Days Outstanding 140Stocks / Sales 5Sales / Fixed Assets -Asset Utilisation 133






Company Profiles


Lanesborough Management Ltd

AddressPalmerston House814 Brighton RoadPurleySurreyCR8 2BR

Trading ActivityThe operation of ’The Lanesborough Hotel’.

Main SIC Codes55111

Directors (as at May 2011)Fardan H. I. Al FardanMohamed J. H. M. Al MararMajed A. RomaithiMichael L. Goodson

Company SecretaryFardan H. I. Al Fardan





Previous Name(s) with date(s) of changeWilkins Management Ltd, 18/04/1991Newastral Ltd, 17/12/1990

Holding CompanyAkaria Investments Ltd

Ultimate Holding CompanyAbu Dhabi Investment Authority

Profit & Loss







Balance Sheet






Total Assets 72,759 70,684 82,165

Trade Creditors 636 752 812Short-Term Loans 0 45,000 45,000Other Current Liabilities 2,983 2,552 8,377



Long-Term Loans 44,766 0 0Other L/Term Liabilities 4,437 4,322 4,371Total Capital & Reserves 19,937 18,058 23,605




Company Profiles


Lanesborough Management Ltd
















2008 PBT includes exceptional charges of 2.1m. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


J.H. Leeke & Sons Ltd

AddressMwyndy Business ParkCardiff RoadPontyclunWalesCF72 8PN

Trading ActivityA group engaged in the operation ofout-of-town department stores and therunning of a hotel, leisure club and -golfclub.

Main SIC Codes52120551115540192629

Directors (as at May 2011)Gerald L. LeekeDiane E. G. CookStephen J. LeekeEmma J. LeekeMichael A. FowlerStuart N. LeekePeter Martin

Company SecretaryStuart N. Leeke




Previous Name(s) with date(s) of changeEdger 235 Ltd, 23/05/2005

Main UK Subsidiaries with Turnover (£’000)Leekes Ltd 50Vale Of Glamorgan Hotel Ltd 10Hensol Castle Resort Developments Ltd 4

Profit & Loss







Balance Sheet


Tangible Fixed Assets 75,782 69,610 67,580Intangible Assets -794 0 0Intermediate Assets 2 3 8




Total Assets 106,940 95,342 91,406








Company Profiles


J.H. Leeke & Sons Ltd
















2010 T/O includes acquisitions of 1.8m. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Leisureplex Ltd

AddressEuxton LaneEuxtonChorleyLancashirePR7 6AF


Fax 08704443245


Main SIC Codes55111

Directors (as at May 2011)Paul H. SawbridgePeter G. SawbridgeKaren E. Sawbridge

Company SecretaryPeter G. Sawbridge

AuditorsMoore & Smalley Llp




Profit & Loss



Exports 0 0 0Non-Trading Income 10 21 14Depreciation 1,017 934 838Interest Paid 52 218 223

Auditors Fees 9 8 8



Balance Sheet




Stocks 122 90 94Trade Debtors 130 1,033 991Other Current Assets 989 121 245


Total Assets 29,008 18,502 18,220








Company Profiles


Leisureplex Ltd




Gearing Ratios Total Debt / Net Worth (%) - 0.4 0.8 1.8Equity Gearing (%) - 1,103.2 457.0 352.6Income Gearing (Interest Cover) (%) - 2.3 14.1 11.7














Company Profiles


Lomar Hotel Co. Ltd

AddressBarnards Inn86 Fetter LaneLondonEC4A 1EN


Trading ActivityThe operation of the London Marriott Hotel.

Main SIC Codes55111

Directors (as at May 2011)Robert T. McAllisterStephen M. BriggsPatricia A. NeedhamRichard J. MoreauPaula C. MaggioDwight R. Britt





Previous Name(s) with date(s) of changeBatmint Ltd, 07/09/1989

Holding CompanyLomar Holding U.K. Ltd

Ultimate Holding CompanyStrategic Hotels & Resorts Inc.

Profit & Loss


Sales 19,347 21,116 22,624Pre-tax Profit 295 1,106 1,376





Balance Sheet






Total Assets 8,350 7,621 9,681




Long-Term Loans 1,606 651 3,206Other L/Term Liabilities 0 0 0Total Capital & Reserves 4,531 2,090 3,696




Company Profiles


Lomar Hotel Co. Ltd


















Company Profiles


Lomondo Ltd

AddressThe MeliaWhite HouseLondonNW1 3UP


Fax 02073880091

Trading ActivityThe operation and management of a hotel.

Main SIC Codes55111

Directors (as at May 2011)Gabriel Escarrer JuliaSebastian Escarrer JaumeGabriel Escarrer Jaume

Company SecretaryLaw Store Limited





Holding CompanySol Melia Sa

Ultimate Holding CompanySol Melia Sa

Profit & Loss



Exports 0 0 0Non-Trading Income -292 466 260Depreciation 3,182 3,129 3,103Interest Paid 857 2,161 2,187


Directors Emoluments 64,606 52 50Employee Pay 6,276 6,842 6,873


Balance Sheet






Total Assets 56,336 57,566 63,174








Company Profiles


Lomondo Ltd


















Company Profiles


London Britannia Hotel Ltd

AddressVictoria HouseConsort WayHorleySurreyRH6 7AF


Fax 01293772345

Trading ActivityThe ownership and operation of the’Millennium Mayfair Hotel’, London.

Main SIC Codes55111

Directors (as at May 2011)Hong R. WongLeng B. KwekCopthorne Hotels LimitedAdrian J. Bushnell





Previous Name(s) with date(s) of changeEuropa Hotel (London) Ltd, 03/11/1989

Holding CompanyMillennium Hotels Ltd


Profit & Loss







Balance Sheet




Stocks 61 67 64Trade Debtors 90 170 205Other Current Assets 610 1,177 931

Total Current Assets 761 1,414 1,200

Total Assets 88,676 90,445 89,252




Long-Term Loans 0 7,696 6,132Other L/Term Liabilities 2,693 2,846 2,828Total Capital & Reserves 75,907 76,041 77,258




Company Profiles


London Britannia Hotel Ltd


















Company Profiles


London L.R.G Hotel Ltd

AddressTen Bishops SquareEighth FloorLondonE1 6EG

Trading ActivityThe ownership and operation of a centralLondon hotel.

Main SIC Codes55111

Directors (as at May 2011)Ryan D. PrincePetra Ekas

Company SecretaryPaul Hastings Administrative Services Limited




Previous Name(s) with date(s) of changeLondon Forum Hotel Ltd, 03/06/2005Washington Hotel (London) Ltd, 03/11/1989

Holding CompanyLrg Acquisition Ltd

Ultimate Holding CompanyLrg Hldgs. Ltd

Profit & Loss




Auditors Fees 0 0 0



Balance Sheet






Total Assets 176,817 160,424 145,337








Company Profiles


London L.R.G Hotel Ltd


















Company Profiles


London May Fair Hotel Ltd

Address140 Bath RoadHayesMiddlesexUB3 5AW

Trading ActivityThe provision of hotel accommodation.conference facilities and meals.


Directors (as at May 2011)John R. MorleyJasminder SinghVijay Wason

Company SecretaryVijay Wason

AuditorsKpmg Llp



Previous Name(s) with date(s) of changeRevlake Ltd, 01/12/2004

Holding CompanyEdwardian Intl. Hotels Ltd

Ultimate Holding CompanyEdwardian Gp. Ltd

Profit & Loss







Balance Sheet






Total Assets 336,118 346,035 367,068

Trade Creditors 594 459 1,294Short-Term Loans 1,081 2,661 0Other Current Liabilities 3,722 2,998 5,515







Company Profiles


London May Fair Hotel Ltd


















Company Profiles


London Tara Hotel Ltd

AddressScarsdale PlaceWrights LaneKensingtonLondonW8 5SR


Fax 02078722509

Trading ActivityThe ownership and operation of the CopthorneTara Hotel London Kensington.

Main SIC Codes55111

Directors (as at May 2011)Copthorne Hotels LimitedAdrian J. BushnellClive A. Harrington





Holding CompanyCopthorne Hotel Hldgs. Ltd


Profit & Loss







Balance Sheet





Total Current Assets 30,661 30,396 866

Total Assets 66,062 66,101 65,188

Trade Creditors 0 0 0Short-Term Loans 603 1,167 787Other Current Liabilities 1,592 1,398 1,259







Company Profiles


London Tara Hotel Ltd





Efficiency Ratios Debtor Days Outstanding - 1 2 1Working Capital / Sales (%) - 118.5 108.5 -4.9Stocks / Sales (%) - 0.2 0.2 0.2Sales / Capital Employed - 0.4 0.4 0.4Sales / Fixed Assets - 0.7 0.7 0.7Creditor Days - 0 0 0Asset Utilisation - 0.36 0.39 0.37













Company Profiles


Longmint Group Ltd

AddressHangar 4 Shoreham AirportShoreham-By-SeaWest SussexBN43 5FF

Trading ActivityA group engaged in the provision of aircharter services, property ownership andmanagement and hotel operation. On 12.02.09group ceased the operation of air charterservices.


Directors (as at May 2011)Lucy CummingsNeil G. Bellis

Company SecretaryJuliet M. S. Bellis



Previous Name(s) with date(s) of changeLongmint Properties Ltd, 21/07/2005

Main UK Subsidiaries with Turnover (£’000)Mann Aviation Gp. (Engineering) Ltd 10Sterling Helicopters Ltd 4Fast Helicopters Ltd 2Newick Park Ltd 1Skydrift Ltd 1Alan Mann Helicopters Ltd 1Proudale Ltd 1Longmint Aviation Ltd 1Longmint LtdMec Property Consultancy Ltd

Profit & Loss


Sales 25,656 24,089Pre-tax Profit -643 -1,692

Exports 6,666 0Non-Trading Income 13 -3,060Depreciation 759 671Interest Paid 1,812 1,659

Auditors Fees 60 45



Balance Sheet


Tangible Fixed Assets 16,029 16,234Intangible Assets 2,617 1,038Intermediate Assets 16,673 16,868


Stocks 2,024 2,766Trade Debtors 3,194 2,808Other Current Assets 3,150 2,108








Type of Accounts Consolidated Consolidated


Company Profiles


Longmint Group Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - - -1.5 -4.0Return on Capital (%) - - -1.9 -5.0Pre-tax Profit Margin (%) - - -2.5 -7.0Return on Investment (%) - - 3.3 -0.1Rtn. on Total Capital & Reserves (%) - - -7.5 -18.5

Liquidity Ratios Quick Ratio (Acid Test) - - 0.63 0.63Current Ratio - - 0.83 0.99

Gearing Ratios Total Debt / Net Worth (%) - - 392.7 323.7Equity Gearing (%) - - 24.4 28.0Income Gearing (Interest Cover) (%) - - 155.0 ^

Efficiency Ratios Debtor Days Outstanding - - 45 43Working Capital / Sales (%) - - -6.6 -0.3Stocks / Sales (%) - - 7.9 11.5Sales / Capital Employed - - 0.8 0.7Sales / Fixed Assets - - 1.6 1.5Creditor Days - - 53 38Asset Utilisation - - 0.59 0.58

Employee Performance Pay per Employee (£) - - 33,082 34,030Profit per £ of Pay (£) - - -0.12 -0.30Profit per Employee (£) - - -4,044 -10,193Sales per Employee (£) - - 161,358 145,114Capital Employed per Employee (£) - - 211,484 205,169Fixed Assets per Employee (£) - - 100,811 97,795Pay / Sales (%) - - 20.5 23.5



Position in subsectorProfitability Return on Total Assets -Return on Capital -Pre-tax Profit Margin -Return on Investment -

Position in subsectorLiquidity Quick Ratio (Acid Test) -Current Ratio -

Position in subsectorGearing Total Debt / Net Worth -Equity Gearing -Income Gearing (Interest Cover) -

Position in subsectorEfficiency Debtor Days Outstanding -Stocks / Sales -Sales / Fixed Assets -Asset Utilisation -






Company Profiles


L.R.G Hotels Ltd

Address166 High HolbornLondonWC1V 6TT


Fax 02073012011


Main SIC Codes55111






Previous Name(s) with date(s) of changeIntercontinental Hotels Ltd, 26/05/2005Six Continents Hotels Ltd, 16/04/2003Posthouse Hotels Ltd, 16/07/2002Post Houses Ltd, 06/11/1996

Holding CompanyNas Cobalt No.2 Ltd


Main UK Subsidiaries with Turnover (£’000)Kensington Ph Ltd 15Hi (Edinburgh) Ltd 1Hi (London Gatwick) Ltd 1Hi (Farnborough) Ltd 1Hi (Brentwood) LtdHi (Hemel Hempstead) LtdHi (Milton Keynes) LtdHi (Birmingham M6 J7) LtdHi (Reading South) LtdHi (London Heathrow Ariel) Ltd

Profit & Loss




Auditors Fees 0 0 0



Balance Sheet



Total Fixed Assets 399,437 400,860 1,007,659



Total Assets 1,304,880 1,217,651 1,026,808








Company Profiles


L.R.G Hotels Ltd





Efficiency Ratios Debtor Days Outstanding - 12 12 14Working Capital / Sales (%) - 301.9 260.5 -69.9Stocks / Sales (%) - 0.3 0.3 0.3Sales / Capital Employed - 0.2 0.2 0.2Sales / Fixed Assets - 0.8 0.9 0.8Creditor Days - 10 7 6Asset Utilisation - 0.13 0.16 0.19













Company Profiles


L.R.G Hotels Group (UK) Ltd

Address67 Almer RoadWindsorBerkshireSL4 3HD


Fax 01753410101


Main SIC Codes55111






Previous Name(s) with date(s) of changeIntercontinental Hotels Group (UK) Ltd,03/06/2005Six Continents Hotels (UK) Ltd, 17/04/2003Bass Hotels & Resorts (UK) Ltd, 06/08/2001Holiday Inns (UK) Ltd, 13/01/2000

Holding CompanySc Hotels & Holidays Ltd


Main UK Subsidiaries with Turnover (£’000)Hi (Maidenhead) Ltd 1Hi (Brent Cross) LtdCp (Leeds) LtdHi (Edinburgh North) Ltd

Profit & Loss



Exports 0 0 0Non-Trading Income 302 1,096 1,032Depreciation 2,235 2,257 2,271Interest Paid 2,712 5,700 5,868

Auditors Fees 0 0 0



Balance Sheet






Total Assets 154,733 141,713 131,972








Company Profiles


L.R.G Hotels Group (UK) Ltd


















Company Profiles


Macdonald Hotels Ltd

AddressWhiteside HouseWhiteside Industrial EstateBathgateScotlandEH48 2RX

Trading ActivityA group engaged in the operation of hotelsand leisure resorts.

Main SIC Codes55111

Directors (as at May 2011)Francis O’CallaghanDonald J. MacdonaldRamon PajaresRobert G. FraserBruce S. AndersonDavid A. GuileRuaridh MacdonaldPeter A. E. Opperman

Company SecretaryRobert G. Fraser

AuditorsKpmg Llp



Previous Name(s) with date(s) of changeMacdonald Hotels PLC, 26/05/2004Skye Leisure Ventures PLC, 10/02/2004

Main UK Subsidiaries with Turnover (£’000)Ledge 563 Ltd 15Macdonald Resorts Ltd 12Macdonald Hotels (Manchester) Ltd. 8Macdonald Berystede Ltd 6Macdonald Holyrood Ltd 5Macdonald Botley Park Ltd 5Macdonald Frimley Hall Ltd 4Macdonald Compleat Angler Ltd 4Macdonald Alveston Ltd 4Macdonald Marine Ltd 3

Profit & Loss


Sales 128,422 135,424 153,357Pre-tax Profit 5,229 -9,399 99,092

Exports 0Non-Trading Income 6,501 2,093 126,444Depreciation 11,572 16,433 25,053Interest Paid 15,201 21,792 25,969




Balance Sheet






Total Assets 402,254 411,932 415,597




Long-Term Loans 13,348 310,363 289,627Other L/Term Liabilities 0 19,979 17,675Total Capital & Reserves 45,656 39,232 48,156




Company Profiles


Macdonald Hotels Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 1.3 -2.3 23.8Return on Capital (%) - 8.7 -2.5 27.9Pre-tax Profit Margin (%) - 4.1 -6.9 64.6Return on Investment (%) - 5.4 3.3 34.8Rtn. on Total Capital & Reserves (%) - 11.2 -24.0 205.8














2007 PBT includes 104.1m profit on sale of properties. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Malmaison & Hotel Du Vin Property Holdings Ltd

Address179 Great Portland StreetLondonW1w 5ls

Trading ActivityProperty investment.

Main SIC Codes70209

Directors (as at May 2011)Gail RobsonRobert B. CookColin D. Elliot

Company SecretaryFilex Services Limited




Previous Name(s) with date(s) of changeFinlaw 548 Ltd, 16/04/2007

Holding CompanyMwb Malmaison Hldgs. Ltd

Ultimate Holding CompanyMwb Gp. Hldgs. PLC

Main UK Subsidiaries with Turnover (£’000)Golf Hotel St Andrews (2008) Ltd 1

Profit & Loss



Exports 0 0 0Non-Trading Income -4,187 -39,061 4,189Depreciation 3,289 3,571 2,579Interest Paid 17,727 19,301 14,411

Auditors Fees 0 0 0

Directors Emoluments 0 0Employee Pay


Balance Sheet






Total Assets 543,164 525,984 533,763

Trade Creditors 0 0 0Short-Term Loans 306,015 560,597 238,914Other Current Liabilities 1,039 596 0


T/Assets - C/Liabilities 236,110 -35,209 294,849

Long-Term Loans 276,335 0 246,769Other L/Term Liabilities 0 0 0Total Capital & Reserves -40,225 -35,209 48,080

Capital Employed 236,110 -35,209 294,849



Company Profiles


Malmaison & Hotel Du Vin Property Holdings Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -0.9 -7.0 0.5Return on Capital (%) - -2.1 ^ 0.8Pre-tax Profit Margin (%) - -19.1 -147.2 18.1Return on Investment (%) - 2.3 -3.4 2.8Rtn. on Total Capital & Reserves (%) - ^ ^ 5.1


Gearing Ratios Total Debt / Net Worth (%) - ^ ^ 1,010.2Equity Gearing (%) - -6.9 -6.3 9.9Income Gearing (Interest Cover) (%) - 139.5 ^ 83.6

Efficiency Ratios Debtor Days Outstanding - 0 0 0Working Capital / Sales (%) - -703.0 -1,842.2 -1,475.5Stocks / Sales (%) - 0.0 0.0 0.0Sales / Capital Employed - 0.1 ^ 0.0Sales / Fixed Assets - 0.1 0.1 0.0Creditor Days - 0 0 0Asset Utilisation - 0.05 0.05 0.03

Employee Performance Pay per Employee (£) - - - -Profit per £ of Pay (£) - - - -Profit per Employee (£) - -1,671,667 -12,336,000 819,289Sales per Employee (£) - 8,753,333 8,381,667 4,517,644Capital Employed per Employee (£) - 78,703,333 -11,736,333 98,283,000Fixed Assets per Employee (£) - 140,234,667 142,666,667 164,936,000Pay / Sales (%) - - - -







Position in subsectorEmployee Performance Pay per Employee -Profit per £ of Pay -Sales per Employee 2Capital Employed per Employee 2Pay / Sales -





Company Profiles


Mandarin Oriental Hyde Park Ltd

Address3 Lombard StreetLondonEX3V 9AQ

Trading ActivityThe ownership and operation of a luxuryhotel in central London. Trading as’Mandarin Oriental Hyde Park’.

Main SIC Codes55111

Directors (as at May 2011)Charles S. DickieChristoph MaresMichel ChecouryCraig A. Beattie

Company SecretaryMatheson & Co Limited




Previous Name(s) with date(s) of changeMandarin Oriental London Ltd, 29/06/2007Mandarin Oriental Hyde Park Ltd, 04/06/2007Mandarin Oriental London Ltd, 01/06/2007

Holding CompanyMandarin Oriental London Ltd

Ultimate Holding CompanyJardine Matheson Hldgs. Ltd

Profit & Loss



Exports 0Non-Trading Income 24 220 135Depreciation 2,944 2,592 1,308Interest Paid 3,962 6,902 3,703




Balance Sheet






Total Assets 205,133 200,734 202,887








Company Profiles


Mandarin Oriental Hyde Park Ltd


















Company Profiles


Manor House Hotel (Okehampton) Ltd

AddressThe Manor House HotelFowley CrossOkehamptonDevonEX20 4NA


Fax 0183755027

Trading ActivityThe operation of a hotel.

Main SIC Codes55111

Directors (as at May 2011)Joan E. EssexSimon W. J. Essex

Company SecretarySimon W. J. Essex

AuditorsBishop Fleming




Previous Name(s) with date(s) of changeBronmill Ltd, 11/03/1985

Profit & Loss




Auditors Fees 6 6 6



Balance Sheet






Total Assets 17,943 17,275 15,798

Trade Creditors 828 852 728Short-Term Loans 58 711 1,028Other Current Liabilities 3,926 2,708 2,435







Company Profiles


Manor House Hotel (Okehampton) Ltd


















Company Profiles


Maple Hotels 1 Ltd

AddressC/O Robson Services Ltd2-3 Woodstock Street2nd FloorLondonW1C 2AB

Trading ActivityThe operation of a group of hotels.

Main SIC Codes55111

Directors (as at May 2011)Eirik P. RobsonHugh M. TaylorSolomon S. Cuby

AuditorsHarold Everett Wreford Llp



Ultimate Holding CompanyGoodmayes Ltd

Profit & Loss



Exports 0 0 0Non-Trading Income 0 -1,431 0Depreciation 2,299 4,278 3,687Interest Paid 68 247 272




Balance Sheet






Total Assets 25,007 24,114 27,649








Company Profiles


Maple Hotels 1 Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -61.7 -32.2 -9.3Return on Capital (%) - ^ ^ ^Pre-tax Profit Margin (%) - -16.9 -7.3 -2.3Return on Investment (%) - -120.7 -59.7 -16.6Rtn. on Total Capital & Reserves (%) - ^ ^ ^




Employee Performance Pay per Employee (£) - 12,992 12,909 12,639Profit per £ of Pay (£) - -0.67 -0.33 -0.11Profit per Employee (£) - -8,650 -4,256 -1,400Sales per Employee (£) - 51,162 58,090 59,799Capital Employed per Employee (£) - -14,855 -6,062 -1,793Fixed Assets per Employee (£) - 4,007 1,945 3,147Pay / Sales (%) - 25.4 22.2 21.1












Company Profiles


Marriott Hotels Ltd

Address68 KnightsbridgeLondonSW1X 7XH


Trading ActivityThe management of hotels.

Main SIC Codes55111

Directors (as at May 2011)Paul A. SimmonsBridgett R. Price





Holding CompanyMarriott Hotels & Catering (Hldgs.) Ltd

Ultimate Holding CompanyMarriott Intl. Inc.

Profit & Loss


Sales 158,390 149,482 150,811Pre-tax Profit -569 652 658

Exports 158,390 0 0Non-Trading Income -63 126 -234Depreciation 222 278 272Interest Paid 218 382 167




Balance Sheet


Tangible Fixed Assets 613 794 1,003Intangible Assets 198 0 0Intermediate Assets 6,961 248 205


Stocks 0 0 0Trade Debtors 0 5,604 7,903Other Current Assets 8,841 14,695 8,910


Total Assets 16,613 21,341 18,021

Trade Creditors 1,048 451 297Short-Term Loans 1,102 5,433 3,992Other Current Liabilities 9,342 9,888 8,851







Company Profiles


Marriott Hotels Ltd






Employee Performance Pay per Employee (£) - 15,238 14,763 13,490Profit per £ of Pay (£) - 0.00 0.01 0.01Profit per Employee (£) - -65 77 71Sales per Employee (£) - 17,997 17,659 16,209Capital Employed per Employee (£) - 582 658 525Fixed Assets per Employee (£) - 70 94 108Pay / Sales (%) - 84.7 83.6 83.2










2009 PBT includes exceptional charges of 141k. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Marston Hotels Ltd

AddressThe MewsPrincess ParadeHytheKentCT21 6AQ


Fax 01303263600

Trading ActivityThe control and management of its own hotels.

Main SIC Codes55111

Directors (as at May 2011)David J. TaylorMichael E. PurtillIan D. Goulding

Company SecretaryIan D. Goulding

AuditorsKpmg Llp

Bankers406278



Holding CompanyMarston Hotels Hldgs. Ltd

Ultimate Holding CompanyQhotels Gp. Ltd

Profit & Loss



Exports 0 0 0Non-Trading Income 4,994 6,470 7,042Depreciation 2,811 1,881 997Interest Paid 5,616 6,597 5,373



Number of Employees 1,259 1,161 881

Balance Sheet






Total Assets 131,452 144,530 125,673








Company Profiles


Marston Hotels Ltd
















2010 PBT includes 6.5m charge regarding impairment of ^ represents a figure that cannot be calculated.tangible fixed assets. - indicates a figure that is unavailable.


Company Profiles


Menzies Hotels Holdings Ltd

AddressBakum HouseEtwall Road MickleoverDerbyDerbyshireDE3 0DL


Main SIC Codes55111

Directors (as at May 2011)Timothy J. Penter

Company SecretaryRobert W. Grainger





Previous Name(s) with date(s) of changePmh Holdings Ltd, 21/12/2006Alnery No. 2471 Ltd, 20/12/2004

Holding CompanyPiccadilly Hotels 6 Ltd

Ultimate Holding CompanyPiccadilly Hotels 2 Ltd

Profit & Loss







Balance Sheet






Total Assets 201,584 243,583 265,304



T/Assets - C/Liabilities -62,702 -3,198 38,197

Long-Term Loans 0 0 0Other L/Term Liabilities 0 0 0Total Capital & Reserves -62,702 -3,198 38,197

Capital Employed -62,702 -3,198 38,197



Company Profiles


Menzies Hotels Holdings Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -19.3 -13.2 -2.9Return on Capital (%) - ^ ^ -20.1Pre-tax Profit Margin (%) - -86.3 -62.9 -14.4Return on Investment (%) - -11.7 -5.7 3.1Rtn. on Total Capital & Reserves (%) - ^ ^ -20.1


Gearing Ratios Total Debt / Net Worth (%) - ^ ^ 616.3Equity Gearing (%) - -23.7 -1.3 16.8Income Gearing (Interest Cover) (%) - ^ ^ 196.2


Employee Performance Pay per Employee (£) - 10,791 10,441 10,453Profit per £ of Pay (£) - -2.85 -2.01 -0.48Profit per Employee (£) - -30,727 -21,012 -4,986Sales per Employee (£) - 35,594 33,413 34,719Capital Employed per Employee (£) - -49,567 -2,085 24,803Fixed Assets per Employee (£) - 146,369 154,692 163,939Pay / Sales (%) - 30.3 31.2 30.1










2009 PBT includes exceptional charges of 475k. ^ represents a figure that cannot be calculated.2008 T/O includes acquisitions of 7.9m. - indicates a figure that is unavailable.


Company Profiles


Menzies Hotels Operating Ltd

AddressBakum House, Etwall RoadMickleoverDerbyDerbyshireDE3 0DL


Main SIC Codes55111

Directors (as at May 2011)Timothy J. Penter

Company SecretaryRobert W. Grainger





Holding CompanyMenzies Hotels Intermediary Hldgs. Ltd

Ultimate Holding CompanyPiccadilly Hotels 2 Ltd

Profit & Loss







Balance Sheet






Total Assets 99,895 95,319 96,332








Company Profiles


Menzies Hotels Operating Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -20.1 -13.6 -5.7Return on Capital (%) - ^ ^ ^Pre-tax Profit Margin (%) - -49.8 -26.6 -10.2Return on Investment (%) - -13.5 -4.3 2.6Rtn. on Total Capital & Reserves (%) - ^ ^ ^














2009 T/O includes disposals of 4.8m. ^ represents a figure that cannot be calculated.2009 PBT includes exceptional charges of 716k. - indicates a figure that is unavailable.


Company Profiles


Millennium & Copthorne Hotels PLC

AddressVictoria HouseVictoria RoadHorleySurreyRH6 7AF


Fax 01293772345

Trading ActivityA group engaged in the ownership, managementand operation of hotels and in thedevelopment and sale of land and propertiesand property investment. T/O = revenue.

Main SIC Codes55111

Directors (as at May 2011)Leng B. KwekLeng J. KwekLeng P. KwekHong R. WongChristopher A. KeljikJames C. S. RankinEik S. KwekRichard M. HartmanAlexander E. M. WaughNicholas George

Company SecretaryAdrian J. Bushnell


BankersIng Bank Nv



Previous Name(s) with date(s) of changeMillennium & Copthorne Hotels Ltd, 27/03/1996Millennium Hotels (UK) Ltd, 14/11/1995

Ultimate Holding CompanyHong Leong Investment Hldgs. Pte. Ltd

Profit & Loss



Exports 517,300 609,100 577,600Non-Trading Income 2,400 8,600 8,800Depreciation 31,900 43,900 34,400Interest Paid 9,700 18,600 22,900

Auditors Fees 1,300 1,200 1,200



Balance Sheet


Tangible Fixed Assets 1,975,900 2,067,700 1,709,000Intangible Assets 0 0 0Intermediate Assets 509,700 520,500 406,000




Total Assets 2,755,100 2,932,600 2,414,200




Long-Term Loans 233,000 420,900 309,700Other L/Term Liabilities 512,900 528,000 435,200Total Capital & Reserves 1,752,300 1,737,500 1,423,500




Company Profiles


Millennium & Copthorne Hotels PLC














Position in subsectorGrowth Sales Growth 69Pre-tax Profit Growth 51Total Assets Growth 32Number of Employees Growth 86Exports Growth 5




Company Profiles


Morgans Hotel Group London Ltd

Address45 St Martins LaneLondonWC2N 4HX


Fax 02073005501

Trading ActivityThe operation of two hotels in London.

Main SIC Codes55111

Directors (as at May 2011)Jeffrey S. QuicksilverDavid W. SmailFrederick J. KleisnerJustin L. Leonard

Company SecretaryBibi R. Ally

AuditorsBdo Llp




Previous Name(s) with date(s) of changeIan Schrager London Ltd, 25/11/2005Basketdrift Ltd, 26/03/1998

Holding CompanyMorgans Hotel Gp. Europe Ltd

Ultimate Holding CompanyMorgans Hotel Gp. Europe Ltd

Profit & Loss







Balance Sheet






Total Assets 116,722 117,765 132,622




Long-Term Loans 0 99,774 101,636Other L/Term Liabilities 0 0 0Total Capital & Reserves 14,056 12,608 25,193




Company Profiles


Morgans Hotel Group London Ltd


















Company Profiles


M W B Group Holdings PLC

Address30 City RoadLondonEC1Y 2AG

Trading ActivityA group engaged in hotel operations, theretail of luxury fashion, homeware, giftsand beauty products, the wholesale offabrics and the provision of serviced officespace.

Main SIC Codes55111702095212051410

Directors (as at May 2011)Jagtar SinghRobert P. BurrowEric F. SandersonDavid C. MarshallRichard G. Balfour-LynnMichael A. Bibring

Company SecretaryCity Group Plc





Main UK Subsidiaries with Turnover (£’000)Mwb Bus. Exchange PLC 112Mwb Bus. Exchange Centres Ltd 88Liberty Ltd 59Malmaison & Hotel Du Vin PropertyHldgs. Ltd 26Malmaison Hotels Ltd 14Liberty Fabric Ltd 12Malmaison Brand Ltd 9Mwb Executive Centres (Hldgs.) Ltd 9The Malmaison Hotel (Birmingham) Ltd 7The Malmaison Hotel (Manchester) Ltd 7

Profit & Loss



Exports 10,065Non-Trading Income 310 -133 -1,882Depreciation 17,809 15,840 13,023Interest Paid 26,211 26,896 28,608




Balance Sheet






Total Assets 667,176 684,848 724,116








Company Profiles


M W B Group Holdings PLC


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -2.3 -1.4 -1.9Return on Capital (%) - -2.7 -3.7 -2.3Pre-tax Profit Margin (%) - -5.4 -3.6 -5.5Return on Investment (%) - 1.9 2.8 2.3Rtn. on Total Capital & Reserves (%) - -14.8 -7.9 -6.7
















Company Profiles


North British Trust Hotels Ltd

Address1 Queen Charlotte LaneEdinburghMidlothianEH6 6BL


Trading ActivityA group engaged as hoteliers. Trading as’British Trust Hotels’.

Main SIC Codes55111

Directors (as at May 2011)John G. CrerarPatrick L. CrerarAngus A. MeldrumJohn D. WilsonJohn N. Dearnley

Company SecretaryNigel Dearnley

AuditorsChiene & Tait




Main UK Subsidiaries with Turnover (£’000)Crerar Mgmt. Ltd 4

Profit & Loss


Sales 23,962 24,862 25,863Pre-tax Profit 740 1,685 749

Exports 0 0Non-Trading Income -65 135 332Depreciation 1,049 1,034 813Interest Paid 0 0 0




Balance Sheet






Total Assets 41,232 37,672 39,114

Trade Creditors 2,912 1,476 3,576Short-Term Loans 53 0 17Other Current Liabilities 3,752 4,345 4,905



Long-Term Loans 1,483 0 0Other L/Term Liabilities 999 450 426Total Capital & Reserves 32,033 31,401 30,190




Company Profiles


North British Trust Hotels Ltd


















Company Profiles


Oxford Hotels & Inns Management Ltd

Address30 City RoadLondonEC1Y 2AB

Trading ActivityThe management of hotels and public houses.


Directors (as at May 2011)Anthony M. KhalastchiEphraim M. F. KhalastchiPeter S. D. Khalastchi

Company SecretaryJohn Drury

AuditorsArram Berlyn Gardner



Profit & Loss



Exports 0 0Non-Trading Income 25 2 -210Depreciation 647 403 932Interest Paid 36 83 207




Balance Sheet






Total Assets 14,127 14,556 16,877




Long-Term Loans 1,320 1,505 1,696Other L/Term Liabilities 553 0 0Total Capital & Reserves 380 273 178




Company Profiles


Oxford Hotels & Inns Management Ltd




Gearing Ratios Total Debt / Net Worth (%) - 1,217.6 1,490.1 2,962.9Equity Gearing (%) - 2.8 1.9 1.1Income Gearing (Interest Cover) (%) - 27.5 44.1 63.1


Employee Performance Pay per Employee (£) - 12,318 11,031 12,913Profit per £ of Pay (£) - 0.01 0.00 0.01Profit per Employee (£) - 64 54 66Sales per Employee (£) - 35,693 30,744 34,870Capital Employed per Employee (£) - 1,507 911 1,030Fixed Assets per Employee (£) - 1,797 1,346 1,534Pay / Sales (%) - 34.5 35.9 37.0












Company Profiles


Paragon Hotels Ltd

AddressThe Paragon Hotel145 Alaster StreetBirminghamWest MidlandsB12 0PJ


Fax 01216270628



Directors (as at May 2011)John C. KayCraig J. HemmingsSt J. StottKathryn Revitt

Company SecretaryJohn C. Kay

AuditorsKpmg Llp



Previous Name(s) with date(s) of changeM M & S (2233) Ltd, 05/06/1995

Holding CompanyCalgarth Ltd

Main UK Subsidiaries with Turnover (£’000)Classic Lodges Ltd 9Marshall Meadows Hotel Ltd

Profit & Loss



ExportsNon-Trading Income -545 -7,266 -2,482Depreciation 3,267 3,245 2,734Interest Paid 1,732 3,900 6,862




Balance Sheet




Stocks 206 192 218Trade Debtors 892 801 1,218Other Current Assets 2,234 477 1,408


Total Assets 75,937 77,139 84,297




Long-Term Loans 0 0 63,886Other L/Term Liabilities 1,027 790 1,040Total Capital & Reserves 279 1,388 11,205




Company Profiles


Paragon Hotels Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -1.7 -13.1 -7.5Return on Capital (%) - -101.0 -462.2 -8.3Pre-tax Profit Margin (%) - -5.0 -38.7 -22.1Return on Investment (%) - 0.6 -8.4 0.7Rtn. on Total Capital & Reserves (%) - -472.8 -725.3 -56.1


Gearing Ratios Total Debt / Net Worth (%) - 25,071.0 5,151.9 606.7Equity Gearing (%) - 0.4 1.8 15.3Income Gearing (Interest Cover) (%) - 419.4 ^ 1,187.2












2009 PBT includes 7.8m exceptional charges re. loss on sale ^ represents a figure that cannot be calculated.of investments (2008 = 5.9m exceptional impairment costs). - indicates a figure that is unavailable.


Company Profiles


Paramount Hotels Ltd

AddressFountain Court12 Bruntcliffe WayMorleyLeedsWest YorkshireLS27 0JG


Trading ActivityThe operation and management of hotels. On6.9.07 company transferred its trade. Inreturn company receives rental income andhotels are held as rental properties.

Main SIC Codes55111

Directors (as at May 2011)Michael E. JourdainPeter ProcopisDavid R. Kaye

Company SecretaryDavid R. Kaye


BankersAngloirish



Previous Name(s) with date(s) of changeKineticboom Ltd, 07/10/1994Paramount Hotels Ltd, 18/07/1994Kineticboom Ltd, 21/06/1994

Holding CompanyPuma Hotels (Guernsey) Ltd

Ultimate Holding CompanyPuma Hotels PLC

Profit & Loss


Sales 13,039 12,600 33,602Pre-tax Profit 2,046 1,362 -4,342

Exports 0 0Non-Trading Income 11,308 8,572 5,764Depreciation 0 0 3,131Interest Paid 20,724 17,939 15,491


Directors Emoluments 0 0 0Employee Pay 8,637


Balance Sheet


Tangible Fixed Assets 0 203,813 227,628Intangible Assets 876 979 1,081Intermediate Assets 194,163 0 0




Total Assets 304,790 285,312 300,228

Trade Creditors 0 0 2,578Short-Term Loans 0 165,500 152,658Other Current Liabilities 196,384 2,964 5,704







Company Profiles


Paramount Hotels Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 0.7 0.5 -1.4Return on Capital (%) - 1.9 1.2 -3.1Pre-tax Profit Margin (%) - 15.7 10.8 -12.9Return on Investment (%) - 21.0 6.8 3.8Rtn. on Total Capital & Reserves (%) - 1.9 1.2 -3.1



Efficiency Ratios Debtor Days Outstanding - 0 0 4Working Capital / Sales (%) - -664.4 -698.0 -266.1Stocks / Sales (%) - 0.0 0.0 0.0Sales / Capital Employed - 0.1 0.1 0.2Sales / Fixed Assets - ^ 0.1 0.1Creditor Days - 0 0 28Asset Utilisation - 0.04 0.04 0.11

Employee Performance Pay per Employee (£) - - - 8,620Profit per £ of Pay (£) - - - -0.50Profit per Employee (£) - - - -4,333Sales per Employee (£) - - - 33,535Capital Employed per Employee (£) - - - 139,010Fixed Assets per Employee (£) - - - 227,174Pay / Sales (%) - - - 25.7












Company Profiles


Park Hotel Heathrow Ltd

AddressChicago AvenueManchesterLancashireM90 3RA

Trading ActivityA hotelier.

Main SIC Codes55111

Directors (as at May 2011)Knut J. KleivenMarianne RuhngaardKevin GreenwoodJacques DuboisPhillip Dark

Company SecretaryKevin Greenwood




Previous Name(s) with date(s) of changePinco 2096 Ltd, 09/03/2004

Holding CompanyRezidor Park UK Ltd

Ultimate Holding CompanyRezidor Hotel Gp. Ab

Profit & Loss



Exports 0 0Non-Trading Income 4 0 0Depreciation 1,093 640 363Interest Paid 0 0 0




Balance Sheet






Total Assets 17,791 18,404 10,854

Trade Creditors 655 594 614Short-Term Loans 21,452 17,596 8,631Other Current Liabilities 420 412 497


T/Assets - C/Liabilities -4,736 -198 1,112

Long-Term Loans 0 0 0Other L/Term Liabilities 0 134 124Total Capital & Reserves -4,736 -332 988

Capital Employed -4,736 -198 1,112



Company Profiles


Park Hotel Heathrow Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -25.8 -9.7 -2.9Return on Capital (%) - ^ ^ -28.7Pre-tax Profit Margin (%) - -25.1 -8.3 -1.5Return on Investment (%) - -27.4 -10.2 -3.3Rtn. on Total Capital & Reserves (%) - ^ ^ -32.3


Gearing Ratios Total Debt / Net Worth (%) - ^ ^ 873.6Equity Gearing (%) - -21.0 -1.8 10.0Income Gearing (Interest Cover) (%) - ^ ^ ^


Employee Performance Pay per Employee (£) - 16,031 15,556 13,716Profit per £ of Pay (£) - -2.22 -0.71 -0.11Profit per Employee (£) - -35,519 -11,113 -1,534Sales per Employee (£) - 141,581 134,075 105,284Capital Employed per Employee (£) - -36,713 -1,238 5,346Fixed Assets per Employee (£) - 100,202 75,519 20,173Pay / Sales (%) - 11.3 11.6 13.0












Company Profiles


Park Hotels Management Ltd

AddressChicago AvenueManchesterM90 3RA

Trading ActivityHoteliers. Commenced trading 14.10.05.

Main SIC Codes55111

Directors (as at May 2011)Britt M. RuhngaardKnut J. KleivenKevin J. GreenwoodJacques DuboisPhillip Dark

Company SecretaryKevin J. Greenwood




Previous Name(s) with date(s) of changePimco 2291 Ltd, 05/08/2005

Holding CompanyRezidor Park UK Ltd


Profit & Loss







Balance Sheet






Total Assets 22,686 15,882 10,770








Company Profiles


Park Hotels Management Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -35.8 -33.5 -36.3Return on Capital (%) - ^ ^ ^Pre-tax Profit Margin (%) - -30.9 -20.1 -14.3Return on Investment (%) - -50.9 -59.0 -62.8Rtn. on Total Capital & Reserves (%) - ^ ^ ^
















Company Profiles


The Park Lane Hotel Ltd

Address23 Aigburth DriveLiverpoolMerseysideL17 4JQ


Fax 01517268091

Trading ActivityThe ownership and operation of the ’ParkLane Hotel’.

Main SIC Codes55111

Directors (as at May 2011)Michael P. WalePatrick DivallBrian E. Cameron

Company SecretaryStefaan Haegeman




Previous Name(s) with date(s) of changePark Lane Hotel PLC (The), 18/03/1998

Holding CompanySheraton Hotels (U.K.) PLC

Ultimate Holding CompanyStarwood Hotels & Resorts Worldwide Inc.

Profit & Loss







Balance Sheet






Total Assets 27,082 29,522 35,964

Trade Creditors 1,326 1,122 998Short-Term Loans 246 642 6,822Other Current Liabilities 3,000 3,259 2,610







Company Profiles


The Park Lane Hotel Ltd


















Company Profiles


Park Tower Hotel Ltd (The)

Address101 KnightsbridgeLondonSW1X 7RN

Telephone 020 7235 8050

Fax 020 7235 8231

Trading ActivityHoteliers and restaurateurs.


Directors (as at May 2011)Mohammed S. Al TajirMohammed M. Al TajirAmer M. M. Altajir

Company SecretaryCharles D. Parte




Holding CompanyPark Tower Investments Ltd

Ultimate Holding CompanyPark Tower Hldgs. Establishment

Main UK Subsidiaries with Turnover (£’000)Blackford Farms Ltd 1

Profit & Loss



Exports 0 0 0Non-Trading Income 839 122 67Depreciation 946 1,137 1,258Interest Paid 0 0 40




Balance Sheet






Total Assets 17,054 18,149 16,566

Trade Creditors 1,073 560 1,210Short-Term Loans 11,198 12,530 7,110Other Current Liabilities 1,524 2,233 1,668







Company Profiles


Park Tower Hotel Ltd (The)


















Company Profiles


Pbn Holdings Ltd

AddressAdelaide HouseFalcon RoadBelfastBT12 6SJ

Trading ActivityA group engaged in the development, sale andrental of property, construction and shopoutfitting, warehouse and storage handlingand hoteliers.

Main SIC Codes701104521163120702096523255111

Directors (as at May 2011)Neil AdairPatrick KearneyHugh R. H. WilsonPeter McCartneyDamian Mitchell

Company SecretaryHugh R. H. Wilson

AuditorsManeely Mc Cann

BankersProgressive Bldg Soc


Registered NumberNI056039

Previous Name(s) with date(s) of changePortcamen Ltd, 01/09/2005

Main UK Subsidiaries with Turnover (£’000)Pbn Property Ltd 8Castleview Mews Ltd 1

Profit & Loss



ExportsNon-Trading Income -166 1,407 2,747Depreciation 189 188 252Interest Paid 19,869 18,385 16,344




Balance Sheet




Stocks 35,770 36,237 35,258Trade Debtors 601 672 680Other Current Assets 19,915 22,001 9,422


Total Assets 336,324 386,088 272,320

Trade Creditors 1,391 752 984Short-Term Loans 1,818 50 2,635Other Current Liabilities 8,297 6,924 5,251







Company Profiles


Pbn Holdings Ltd




Gearing Ratios Total Debt / Net Worth (%) - ^ 561.1 1,259.1Equity Gearing (%) - 2.2 19.7 10.9Income Gearing (Interest Cover) (%) - 199.8 133.7 101.5


Employee Performance Pay per Employee (£) - 16,593 17,811 25,118Profit per £ of Pay (£) - -4.43 -2.74 -0.10Profit per Employee (£) - -73,519 -48,758 -2,591Sales per Employee (£) - 171,022 215,505 430,957Capital Employed per Employee (£) - 2,406,059 3,982,758 2,832,796Fixed Assets per Employee (£) - 397,089 2,318,379 1,286,688Pay / Sales (%) - 9.7 8.3 5.8










2009 PBT includes exceptional charges of 1.3m. ^ represents a figure that cannot be calculated.2007 PBT includes exceptional charges of 395k. - indicates a figure that is unavailable.


Company Profiles


Peel Hotels PLC

AddressWarwick AvenueLondonW9 2PS


Fax 0207289119

Trading ActivityThe operation of hotels in the UK.

Main SIC Codes55111

Directors (as at May 2011)Robert E. G. PeelClement J. GovettKeith P. BenhamNorbert P. G. Petersen

Company SecretaryThring Townsend Lee & Pembertons Llp





Previous Name(s) with date(s) of changePeel Hotels Ltd, 27/02/1998

Profit & Loss



Exports 0 0 0Non-Trading Income 0 97 8,250Depreciation 1,214 1,074 1,093Interest Paid 865 339 852


Directors Emoluments 175 177 1,120Employee Pay 4,975 4,391 4,826


Balance Sheet




Stocks 113 93 87Trade Debtors 500 498 642Other Current Assets 832 840 4,809


Total Assets 40,959 31,093 34,262

Trade Creditors 573 352 535Short-Term Loans 3,342 985 178Other Current Liabilities 1,289 3,183 4,071







Company Profiles


Peel Hotels PLC






Employee Performance Pay per Employee (£) - 11,307 11,288 11,355Profit per £ of Pay (£) - -0.01 0.15 1.99Profit per Employee (£) - -168 1,707 22,565Sales per Employee (£) - 32,241 32,699 35,647Capital Employed per Employee (£) - 81,261 68,311 69,360Fixed Assets per Employee (£) - 89,805 76,252 67,586Pay / Sales (%) - 35.1 34.5 31.9










2010 T/O includes acquisitions of 1.9m. ^ represents a figure that cannot be calculated.2008 PBT includes 8.1m profit on disposal of property. - indicates a figure that is unavailable.


Company Profiles


Pennyhill Park Ltd

AddressLondon RoadBagshotGU19 5EU



Main SIC Codes55111

Directors (as at May 2011)Giuseppe PecorelliDaniel L. E. PecorelliPenelope Pecorelli

Company SecretaryChristine L. Davies




Previous Name(s) with date(s) of changeRefal 38 Ltd, 31/08/1982

Holding CompanyThe Manor House Hotel (Castle Combe) Ltd

Ultimate Holding CompanyThe Manor House Hotel (Castle Combe) Ltd

Main UK Subsidiaries with Turnover (£’000)Fanhams Hall Hotel Ltd 3

Profit & Loss


Sales 16,034 17,163 16,772Pre-tax Profit 1,793 984 508





Balance Sheet






Total Assets 46,069 51,940 48,300








Company Profiles


Pennyhill Park Ltd


















Company Profiles


Percy R.Brend & Sons (Hoteliers) Ltd

AddressPark HotelBarnstapleDevonEX32 9AE


Fax 01271323157

Trading ActivityHoteliers and restaurateurs.


Directors (as at May 2011)John E. BrendPeter A. BrendJustin J. BrendRichard P. BrendPeter A. Brend

Company SecretaryPeter A. Brend

AuditorsBishop Fleming




Holding CompanyPercy R Brend & Sons (Hldgs.) Ltd

Ultimate Holding CompanyPercy R Brend & Sons (Hldgs.) Ltd

Profit & Loss


Sales 30,852 30,078 30,075Pre-tax Profit 112 43,850 163

Exports 0 0 0Non-Trading Income 0 44,222 0Depreciation 717 836 795Interest Paid 11 12 4




Balance Sheet






Total Assets 12,853 11,147 15,516

Trade Creditors 2,749 2,649 2,678Short-Term Loans 2,192 1,190 747Other Current Liabilities 1,336 843 1,032



Long-Term Loans 0 5 5,190Other L/Term Liabilities 922 882 1,016Total Capital & Reserves 5,654 5,578 4,853




Company Profiles


Percy R.Brend & Sons (Hoteliers) Ltd






Employee Performance Pay per Employee (£) - 11,200 12,034 11,972Profit per £ of Pay (£) - 0.01 3.48 0.01Profit per Employee (£) - 97 41,922 159Sales per Employee (£) - 26,805 28,755 29,284Capital Employed per Employee (£) - 5,713 6,181 10,768Fixed Assets per Employee (£) - 5,131 4,701 13,663Pay / Sales (%) - 41.8 41.9 40.9












Company Profiles


Pl Hotel Ltd

Address41 LothburyLondonEC2R 7HF

Trading ActivityA group engaged as hoteliers. T/O = Revenue.

Main SIC Codes55111

Directors (as at May 2011)Stephen C. MoyeHisham S. A. Al-SaieMohammed A. S. Abu RummanBashar J. B. RashdanRehman TipuRoger N. BlackallMary-Ann A. HillPaul LawrenceAndy WilliamsPhilip Norman

Company SecretaryOgier Corporate Services (Uk) Limited





Previous Name(s) with date(s) of changeMwb Park Lane Hotel Ltd, 05/06/2006Finlaw 467 Ltd, 23/12/2004

Holding CompanyFornax Ltd

Ultimate Holding CompanyStone Co. S P C

Profit & Loss



Exports 0Non-Trading Income -40 -3,876 0Depreciation 1,534 1,555 1,270Interest Paid 4,370 4,949 4,998



Number of Employees 15

Balance Sheet




Stocks 21 29 34Trade Debtors 526 1,098 892Other Current Assets 9,981 4,667 5,928


Total Assets 93,528 97,794 112,354




Long-Term Loans 64,911 64,848 78,535Other L/Term Liabilities 3,082 3,148 1,497Total Capital & Reserves 814 8,647 28,097




Company Profiles


Pl Hotel Ltd




Gearing Ratios Total Debt / Net Worth (%) - 10,733.8 966.2 283.5Equity Gearing (%) - 0.9 9.7 33.3Income Gearing (Interest Cover) (%) - ^ ^ 115.3


Employee Performance Pay per Employee (£) - - - -Profit per £ of Pay (£) - - - -Profit per Employee (£) - -533,467 - -Sales per Employee (£) - 921,467 - -Capital Employed per Employee (£) - 4,587,133 - -Fixed Assets per Employee (£) - 5,533,333 - -Pay / Sales (%) - - - -







Position in subsectorEmployee Performance Pay per Employee -Profit per £ of Pay -Sales per Employee 3Capital Employed per Employee 4Pay / Sales -



2009 PBT includes 7.7m diminution of operational property ^ represents a figure that cannot be calculated.(2008 = 10.6m). - indicates a figure that is unavailable.


Company Profiles


Premier Inn Ltd

AddressOakley HouseOakley RoadLutonLU4 9QH


Trading ActivityThe operation of premier Inn hotels.

Main SIC Codes55111

Directors (as at May 2011)Paul C. FlaumPatrick J. A. DempseyAndrew D. Pellington

Company SecretaryRussell W. Fairhurst




Previous Name(s) with date(s) of changePremier Hotel Properties Ltd, 25/06/2007

Holding CompanyWhitbread Pub Restaurants Bus. Ltd

Ultimate Holding CompanyWhitbread PLC

Profit & Loss



Exports 0 0Non-Trading Income -78,371 368 2Depreciation 47,487 54,814 11,199Interest Paid 0 11,001 0

Auditors Fees 0 0 0


Number of Employees

Balance Sheet


Tangible Fixed Assets 2,167,175 2,439,613 2,395,418Intangible Assets 0 0 0Intermediate Assets 0 0 0




Total Assets 2,193,976 2,456,213 2,413,455

Trade Creditors 1,379 1,645 1,578Short-Term Loans 1,935,470 2,265,392 2,361,767Other Current Liabilities 330 51,959 7,474

Total Current Liabilities 1,937,179 2,318,996 2,370,819






Company Profiles


Premier Inn Ltd




Gearing Ratios Total Debt / Net Worth (%) - 809.2 1,704.5 6,028.1Equity Gearing (%) - 12.2 5.7 1.7Income Gearing (Interest Cover) (%) - 0.0 5.9 0.0


Employee Performance Pay per Employee (£) - - - -Profit per £ of Pay (£) - 1.12 - -Profit per Employee (£) - - - -Sales per Employee (£) - - - -Capital Employed per Employee (£) - - - -Fixed Assets per Employee (£) - - - -Pay / Sales (%) - 19.2 - -












Company Profiles


Premier Inn Hotels Ltd

AddressWhitbread CourtHoughton Hall Business ParkPorz Avenue, DunstableBedfordshireLU5 5XE

Trading ActivityPremier inn hotels.


Directors (as at May 2011)Paul C. FlaumPatrick J. A. DempseyChristopher C. B. RogersAndrew D. Pellington

Company SecretaryRussell W. Fairhurst




Previous Name(s) with date(s) of changePremier Travel Inn Ltd, 16/07/2007Premier Lodge Newco Ltd, 29/07/2004Trushelfco (No.3047) Ltd, 24/06/2004

Holding CompanyP I Hotels Ltd

Ultimate Holding CompanyWhitbread PLC

Main UK Subsidiaries with Turnover (£’000)Premier Inn Manchester Trafford Ltd 3Premier Inn Westminster Ltd 1Stripe Travel Inn Ltd

Profit & Loss



Exports 0 0 0Non-Trading Income 1,856 1,082 71Depreciation 3,809 5,637 12,563Interest Paid 12,540 26,355 26,299

Auditors Fees 0 0 0

Directors Emoluments 0 0 0Employee Pay 51,320


Balance Sheet


Tangible Fixed Assets 86,347 104,652 76,820Intangible Assets 9,983 11,125 122Intermediate Assets 93,172 89,224 52,841


Stocks 245 76 53Trade Debtors 8,549 4,277 685Other Current Assets 1,025,193 1,019,370 1,036,899

Total Current Assets 1,033,987 1,023,723 1,037,637

Total Assets 1,223,489 1,228,724 1,167,420








Company Profiles


Premier Inn Hotels Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -0.3 -2.3 35.1Return on Capital (%) - -0.7 -4.9 60.3Pre-tax Profit Margin (%) - -7.9 -82.8 256.5Return on Investment (%) - 0.7 -0.1 38.5Rtn. on Total Capital & Reserves (%) - -0.7 -4.9 60.8



Efficiency Ratios Debtor Days Outstanding - 69 46 2Working Capital / Sales (%) - 715.2 1,100.9 344.0Stocks / Sales (%) - 0.5 0.2 0.0Sales / Capital Employed - 0.1 0.1 0.2Sales / Fixed Assets - 0.5 0.3 2.1Creditor Days - 86 130 36Asset Utilisation - 0.04 0.03 0.14

Employee Performance Pay per Employee (£) - - - 14,949Profit per £ of Pay (£) - - - 7.97Profit per Employee (£) - - - 119,204Sales per Employee (£) - - - 46,470Capital Employed per Employee (£) - - - 197,659Fixed Assets per Employee (£) - - - 22,377Pay / Sales (%) - - - 32.2










2009 PBT includes 4.2m exceptional impairment and disposal ^ represents a figure that cannot be calculated.charges (2008 = 384.5m exceptional profit on disposal). - indicates a figure that is unavailable.


Company Profiles


Prestmade Ltd

Address55 Baker StreetLondonW1U 7EU

Trading ActivityA group engaged in the operation andownership of hotels.

Main SIC Codes55111

Directors (as at May 2011)Gulshan BhatiaAsif BhatiaNimet EsmailShelina Jetha

Company SecretaryJitendra Patel

AuditorsBdo Llp



Main UK Subsidiaries with Turnover (£’000)Muirgold Ltd 26

Profit & Loss



Exports 0 0 0Non-Trading Income -426 5,797 1,090Depreciation 2,358 2,552 2,435Interest Paid 13,228 9,685 5,246




Balance Sheet






Total Assets 192,099 198,030 195,027








Company Profiles


Prestmade Ltd
















2008 PBT includes 5.1m income regarding foreign. ^ represents a figure that cannot be calculated.exchange gain - indicates a figure that is unavailable.


Company Profiles


Puma Hotels PLC

AddressBond Street House14 Clifford StreetLondonW1s 4ju

Trading ActivityA group engaged in the operation andmanagement of group of hotels. On 06.09.07this trade was transferred and the group nowreceives rental income from hotels held asinvestments.


Directors (as at May 2011)Howard P. ShorePeter ProcopisDavid R. Kaye

Company SecretaryDavid R. Kaye


BankersAngloirish



Previous Name(s) with date(s) of changeDawnay Shore Hotels PLC, 12/08/2008Lynxgold PLC, 04/06/2004

Ultimate Holding CompanyThe Hotel Corp. PLC

Main UK Subsidiaries with Turnover (£’000)Paramount Hotels Gp. Ltd 41Paramount Hotels Ltd 13Puma Hotels (Finance) PLC 6Paramount Hotels (Hinckley) Ltd 3Scottish Highland Hotels Ltd 2Paramount Hotels Walton Hall Ltd 2Old Ship Hotel (Brighton) Ltd 1Paramount Hotels (Basingstoke) LtdStirling Highland Hotel LtdParamount Hotels (Daventry) Ltd

Profit & Loss



Exports 0 0 0Non-Trading Income 39 71 24Depreciation 0 0 6,408Interest Paid 30,301 29,482 29,160


Directors Emoluments 131 361 1,460Employee Pay 231 86 20,319

Number of Employees 2 2 2,433

Balance Sheet


Tangible Fixed Assets 0 483,520 531,060Intangible Assets 7,960 8,481 9,002Intermediate Assets 463,170 0 0




Total Assets 481,313 503,136 547,860

Trade Creditors 0 0 2,587Short-Term Loans 0 347,345 3,728Other Current Liabilities 13,992 14,501 17,814







Company Profiles


Puma Hotels PLC





Efficiency Ratios Debtor Days Outstanding - 0 0 2Working Capital / Sales (%) - -12.7 -1,232.5 -21.2Stocks / Sales (%) - 0.0 0.0 0.0Sales / Capital Employed - 0.1 0.2 0.1Sales / Fixed Assets - ^ 0.1 0.1Creditor Days - 0 0 12Asset Utilisation - 0.06 0.06 0.14

Employee Performance Pay per Employee (£) - 115,500 43,000 8,351Profit per £ of Pay (£) - -27.00 -102.08 -1.24Profit per Employee (£) - -3,118,500 -4,389,500 -10,335Sales per Employee (£) - 15,000,000 14,227,500 31,644Capital Employed per Employee (£) - 233,660,500 70,645,000 215,261Fixed Assets per Employee (£) - 0 241,760,000 218,274Pay / Sales (%) - 0.8 0.3 26.4












Company Profiles


Qhotels Group Ltd

AddressWellington House Cliffe ParkBruntcliffe RoadMorley LeedsWest YorkshireLS27 0RY

Trading ActivityA group engaged in hotel management.

Main SIC Codes55111

Directors (as at May 2011)David J. TaylorMichael E. PurtillIan D. GouldingMartin K. BollandVivien Benzie

Company SecretaryIan D. Goulding

AuditorsKpmg Llp

Bankers406278



Previous Name(s) with date(s) of changeQuintessential Hotels Group Ltd, 26/05/2005Broomco (3118) Ltd, 19/03/2003

Ultimate Holding CompanyAlchemy Ptnrs. Nominees Ltd

Main UK Subsidiaries with Turnover (£’000)Marston Hotels Ltd 46Midland Hotel (Manchester) Ltd 14Forest Pines (Lincolnshire) Ltd 9Leeds Hotel Ltd 8Qhotels Srvcs. Ltd 7Chesford Grange Hotel Ltd 7Park Royal Hotel Ltd 6Ashford Intl. Hotel Ltd 6Westerwood Hotel Ltd 5Norton Park Hotel Ltd 5

Profit & Loss



Exports 0 0 0Non-Trading Income 11 -93 35Depreciation 15,970 15,187 12,427Interest Paid 34,806 37,895 37,029




Balance Sheet






Total Assets 427,421 543,674 587,306




Long-Term Loans 513,678 500,748 480,537Other L/Term Liabilities 0 0 0Total Capital & Reserves -112,890 8,520 69,854




Company Profiles


Qhotels Group Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -16.1 -13.9 -2.5Return on Capital (%) - -17.1 -14.8 -2.7Pre-tax Profit Margin (%) - -58.9 -58.0 -12.2Return on Investment (%) - -8.5 -7.2 3.9Rtn. on Total Capital & Reserves (%) - ^ -886.1 -21.4


Gearing Ratios Total Debt / Net Worth (%) - ^ 7,260.8 999.1Equity Gearing (%) - -20.9 1.6 13.5Income Gearing (Interest Cover) (%) - ^ ^ 167.9












2010 PBT includes exceptional charges of 50.2m (2008 = ^ represents a figure that cannot be calculated.58.6m regarding impairment of fixed assets). - indicates a figure that is unavailable.


Company Profiles


Q.M.H Ltd

AddressQueens Court 9-17Eastern RoadRomfordEssexRM1 3NG


Trading ActivityA group engaged in the ownership andoperation of hotels and related facilities.

Main SIC Codes55111

Directors (as at May 2011)Vernon B. SchwartzGeorg A. O. KulenkampffW2001 Two CvW2001 Britannia LlcKessel Sarl

Company SecretarySally A. Coughlan




Previous Name(s) with date(s) of changeQueens Moat Houses Ltd, 06/02/2006Queens Moat Houses PLC, 08/11/2004Queen’s Moat Houses P L C, 19/05/1995

Holding CompanyW2001 Britannia Llc

Ultimate Holding CompanyW2001 Britannia Llc

Main UK Subsidiaries with Turnover (£’000)Esb Hotels Ltd 11Moat House (Caterers) Ltd 4

Profit & Loss



Exports 168,700 180,500 155,100Non-Trading Income 1,100 -1,100 9,600Depreciation 28,900 27,400 24,300Interest Paid 28,000 35,900 40,600


Directors Emoluments 0 0 2,400Employee Pay 69,500 70,500 67,200


Balance Sheet






Total Assets 789,800 953,000 920,300








Company Profiles


Q.M.H Ltd






Employee Performance Pay per Employee (£) - 20,934 18,651 16,923Profit per £ of Pay (£) - -0.19 -0.04 -0.05Profit per Employee (£) - -3,916 -794 -781Sales per Employee (£) - 75,512 72,619 64,870Capital Employed per Employee (£) - 194,518 194,683 210,829Fixed Assets per Employee (£) - 221,265 236,931 212,314Pay / Sales (%) - 27.7 25.7 26.1










2009 PBT includes net exceptional charges of 4.1m. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Quintain Estates & Development PLC

Address16 Grosvenor StreetLondonW1K 4QF


Trading ActivityA group engaged in property investment andtrading, the provision of fund managementand other services and in the operation ofhotels. T/O = revenue.


Directors (as at May 2011)Adrian R. WyattMartin R. MeechRebecca J. WorthingtonSimon T. LaffinWilliam J. RuckerCharles W. CayzerPeter J. B. DixonDavid N. GavaghanChristopher Bell

Company SecretarySusan E. Dixon




Previous Name(s) with date(s) of change703rd Shelf Trading Co. PLC, 22/06/1992

Main UK Subsidiaries with Turnover (£’000)Quintain Investments (04) Ltd 16Quintain Srvcs. Ltd 11Quintain Wembley Hotel Trading Ltd 7Wembley City Estates Ltd 5Quintain (Wembley Retail Park) Ltd 3Permitobtain Ltd 2Wembley City Estate Mgmt. Ltd 1Quintain Wembley Hotel Properties Ltd 1Quintain (Regional) Ltd 1Chesterfield Investments (No.5) Ltd 1

Profit & Loss



ExportsNon-Trading Income 5,461 9,662 9,921Depreciation 780 726 622Interest Paid 17,039 19,251 20,484




Balance Sheet


Tangible Fixed Assets 2,716 4,135 2,757Intangible Assets 0 0 0Intermediate Assets 1,020,515 1,027,198 1,362,840




Total Assets 1,114,441 1,082,811 1,448,718

Trade Creditors 4,712 2,918 2,809Short-Term Loans 1,600 9,376 0Other Current Liabilities 33,497 34,619 40,768







Company Profiles


Quintain Estates & Development PLC


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -0.9 -11.9 -3.8Return on Capital (%) - -0.9 -12.5 -3.9Pre-tax Profit Margin (%) - -17.8 -195.5 -117.3Return on Investment (%) - 0.6 -10.5 -2.4Rtn. on Total Capital & Reserves (%) - -1.6 -29.0 -7.3


Gearing Ratios Total Debt / Net Worth (%) - 66.1 129.1 74.5Equity Gearing (%) - 126.4 69.7 106.1Income Gearing (Interest Cover) (%) - 247.3 ^ ^


Employee Performance Pay per Employee (£) - 47,937 49,136 59,715Profit per £ of Pay (£) - -0.95 -10.85 -3.84Profit per Employee (£) - -45,716 -533,331 -229,038Sales per Employee (£) - 256,473 272,806 195,297Capital Employed per Employee (£) - 4,840,685 4,280,570 5,879,251Fixed Assets per Employee (£) - 12,234 17,087 11,536Pay / Sales (%) - 18.7 18.0 30.6










2009 PBT includes 63.3m deficit on revaluation of investment ^ represents a figure that cannot be calculated.properties. - indicates a figure that is unavailable.


Company Profiles


Ramside Holdings Ltd

AddressRamside Hall Hotel, CarrvilleDurhamDurhamDH1 1TD

Trading ActivityA group engaged in hotel management theoperation of public houses.


Directors (as at May 2011)Marian E. AdamsonRobin J. SmithJohn R. Adamson

Company SecretaryDavid B. Farrow

AuditorsUnw Llp



Main UK Subsidiaries with Turnover (£’000)Ramside Estates Ltd 13Beyond Leisure Ltd 2

Profit & Loss


Sales 16,294 16,351 5,827Pre-tax Profit 1,040 842 482

Exports 0 0 0Non-Trading Income 23 164 58Depreciation 946 1,134 324Interest Paid 100 336 138




Balance Sheet






Total Assets 19,034 19,413 20,730

Trade Creditors 618 1,070 1,352Short-Term Loans 1,088 970 1,058Other Current Liabilities 2,510 2,483 2,676







Company Profiles


Ramside Holdings Ltd


















Company Profiles


Ramside Estates Ltd

AddressRamside Hall HotelCarrvilleDurhamCounty DurhamDH1 1TD


Fax 01913860399

Trading ActivityThe management of hotels and public houses.


Directors (as at May 2011)Marian E. AdamsonRobin J. SmithJohn R. AdamsonHelen Roseberry

Company SecretaryDavid B. Farrow

AuditorsUnw Llp



Holding CompanyRamside Hldgs. Ltd

Ultimate Holding CompanyRamside Hldgs. Ltd

Main UK Subsidiaries with Turnover (£’000)Beyond Leisure Ltd 2

Profit & Loss





Directors Emoluments 635 633 518Employee Pay 4,373 4,739 489


Balance Sheet


Tangible Fixed Assets 12,965 12,930 12,849Intangible Assets 0 0 0Intermediate Assets 4,122 468 18




Total Assets 21,546 21,717 22,053

Trade Creditors 529 961 1,112Short-Term Loans 888 643 632Other Current Liabilities 2,352 2,323 2,584







Company Profiles


Ramside Estates Ltd


















Company Profiles


Rezidor Hotel Manchester Ltd

AddressRadisson Sas Hotel ManchesterChicago AvenueManchester AirportManchesterLancashireM90 3RA

Fax 01614905100


Main SIC Codes55111

Directors (as at May 2011)Knut J. KleivenMarianne RuhngaardKevin GreenwoodMark Willis





Previous Name(s) with date(s) of changeSas Hotel Manchester Ltd, 08/08/2006Finlaw Forty-Five Ltd, 08/11/1996

Holding CompanyRezidor Hotels UK Ltd


Profit & Loss







Balance Sheet


Tangible Fixed Assets 363 457 437Intangible Assets 0 0 0Intermediate Assets 0 0 0

Total Fixed Assets 363 457 437



Total Assets 26,160 26,566 25,410

Trade Creditors 542 2,202 625Short-Term Loans 0 0 53Other Current Liabilities 1,128 0 1,665







Company Profiles


Rezidor Hotel Manchester Ltd




Gearing Ratios Total Debt / Net Worth (%) - 0.0 0.0 0.2Equity Gearing (%) - 1,466.5 1,106.4 984.5Income Gearing (Interest Cover) (%) - 0.0 0.0 0.0














Company Profiles


Rezidor Hotel Stansted Airport Ltd

AddressChicago AvenueManchesterM90 3RA


Main SIC Codes55111

Directors (as at May 2011)Kevin GreenwoodMarianne RuhngaardKnut J. KleivenMark Willis





Previous Name(s) with date(s) of changeSas Hotel Stansted Airport Ltd, 08/08/2006Pinco 2032 Ltd, 18/11/2003

Holding CompanySas Hotels Denmark As


Profit & Loss







Balance Sheet






Total Assets 5,935 6,099 6,307

Trade Creditors 606 355 328Short-Term Loans 238 242 0Other Current Liabilities 921 1,008 2,098







Company Profiles


Rezidor Hotel Stansted Airport Ltd


















Company Profiles


Ritz Hotel (London) Ltd (The)

AddressThe Ritz Hotel150 PiccadillyLondonW1J 9BR


Fax 02074932687

Trading ActivityA group engaged in the management andoperation of the Ritz Hotel and ownership ofthe casino premises in London.


Directors (as at May 2011)Rigel K. MowattMichael SealMichael P. B. E. DayAidan S. BarclayAndrew M. LoveHoward M. BarclayPhilip L. PetersStephen A. Boxall

Company SecretaryBroomfield Secretarial Services Limited




Holding CompanyEllerman Hldgs. Ltd

Ultimate Holding CompanyEllerman Hldgs. Ltd

Main UK Subsidiaries with Turnover (£’000)Ritz Products (U.K.) Ltd

Profit & Loss







Balance Sheet




Stocks 1,828 1,844 1,837Trade Debtors 761 688 907Other Current Assets 3,613 3,632 2,503


Total Assets 166,267 162,101 165,403








Company Profiles


Ritz Hotel (London) Ltd (The)


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 3.1 -1.7 -2.7Return on Capital (%) - 3.2 -1.8 -2.8Pre-tax Profit Margin (%) - 18.4 -9.3 -15.3Return on Investment (%) - 5.4 4.6 3.5Rtn. on Total Capital & Reserves (%) - 46.0 -46.3 -50.2


Gearing Ratios Total Debt / Net Worth (%) - 1,317.4 2,509.4 1,693.2Equity Gearing (%) - 7.3 3.8 5.6Income Gearing (Interest Cover) (%) - 39.5 138.5 180.2


Employee Performance Pay per Employee (£) - 23,388 24,865 22,116Profit per £ of Pay (£) - 0.66 -0.36 -0.60Profit per Employee (£) - 15,462 -8,865 -13,230Sales per Employee (£) - 84,059 95,566 86,316Capital Employed per Employee (£) - 476,092 500,537 472,824Fixed Assets per Employee (£) - 421,790 458,566 435,875Pay / Sales (%) - 27.8 26.0 25.6












Company Profiles


Riverbank Hotel Operator Ltd

Address103 High StreetWaltham CrossHertfordshireEn8 7anEN8 7AN


Main SIC Codes55111

Directors (as at May 2011)Euro Sea Hotels N VChen C. Moravsky

Company SecretaryBrindley Goldstein Limited

AuditorsMazars Llp



Previous Name(s) with date(s) of changeAlmaren Ltd, 16/12/2003

Holding CompanyRiverbank Hotel Holding Bv

Profit & Loss


Sales 23,940 25,361 25,314Pre-tax Profit 271 -471 427





Balance Sheet






Total Assets 3,284 2,774 4,945








Company Profiles


Riverbank Hotel Operator Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 8.3 -17.0 8.6Return on Capital (%) - ^ ^ ^Pre-tax Profit Margin (%) - 1.1 -1.9 1.7Return on Investment (%) - 30.8 -22.6 24.3Rtn. on Total Capital & Reserves (%) - ^ ^ ^


Gearing Ratios Total Debt / Net Worth (%) - ^ ^ Êquity Gearing (%) - -68.2 -72.5 -58.1Income Gearing (Interest Cover) (%) - 37.4 ^ 43.2

Efficiency Ratios Debtor Days Outstanding - 21 18 35Working Capital / Sales (%) - -29.5 -28.9 -27.1Stocks / Sales (%) - 0.4 0.3 0.3Sales / Capital Employed - ^ ^ ^Sales / Fixed Assets - ^ ^ ^Creditor Days - 13 6 4Asset Utilisation - 7.29 9.14 5.12

Employee Performance Pay per Employee (£) - 20,213 24,547 23,907Profit per £ of Pay (£) - 0.08 -0.11 0.10Profit per Employee (£) - 1,522 -2,631 2,333Sales per Employee (£) - 134,494 141,682 138,328Capital Employed per Employee (£) - -39,612 -40,905 -37,437Fixed Assets per Employee (£) - 0 0 0Pay / Sales (%) - 15.0 17.3 17.3












Company Profiles


Rocco Forte & Family Ltd

AddressSavannah House11 Charles Ii StreetLondonSW1Y 4QU


Fax 02073212424

Trading ActivityA group engaged in the ownership, managementand operation of hotels in the UK andoverseas.

Main SIC Codes55111

Directors (as at May 2011)Rocco G. ForteGeorge F. L. ProctorOlga M. L. A. P. D. SorrentinoPortia M. L. C. ForteAliai G. M. ForteDavid H. NelsonRichard PowerKarim NaffahAlan P. Clark

Company SecretaryRachel Hedden




Previous Name(s) with date(s) of changeRocco Forte & Family PLC, 27/04/2010Sir Rocco Forte & Family PLC, 08/05/2007Hackplimco (No.Thirty-Six) PLC, 29/01/1997

Main UK Subsidiaries with Turnover (£’000)Rocco Forte & Family (Hotel Mgmt.) Ltd 7Rf Hotels Ltd 2

Profit & Loss


Sales 89,532 90,209Pre-tax Profit -5,655 5,782

Exports 68,856 69,540Non-Trading Income -4,863 3,027Depreciation 5,866 4,949Interest Paid 4,729 11,633

Auditors Fees 171 150

Directors Emoluments 903 1,188Employee Pay 23,120 20,495

Number of Employees 1,273 1,378

Balance Sheet


Tangible Fixed Assets 260,873 191,017Intangible Assets 12,427 11,974Intermediate Assets 17,824 25,994


Stocks 3,201 3,065Trade Debtors 2,782 3,056Other Current Assets 49,147 27,201


Total Assets 346,254 262,307








Company Profiles


Rocco Forte & Family Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - - -1.6 2.2Return on Capital (%) - - -2.0 2.5Pre-tax Profit Margin (%) - - -6.3 6.4Return on Investment (%) - - -0.3 7.4Rtn. on Total Capital & Reserves (%) - - -9.2 8.5


Gearing Ratios Total Debt / Net Worth (%) - - 413.3 262.8Equity Gearing (%) - - 21.5 35.0Income Gearing (Interest Cover) (%) - - ^ 66.8

Efficiency Ratios Debtor Days Outstanding - - 11 12Working Capital / Sales (%) - - -6.3 4.4Stocks / Sales (%) - - 3.6 3.4Sales / Capital Employed - - 0.3 0.4Sales / Fixed Assets - - 0.3 0.5Creditor Days - - 74 39Asset Utilisation - - 0.26 0.34

Employee Performance Pay per Employee (£) - - 18,162 14,873Profit per £ of Pay (£) - - -0.24 0.28Profit per Employee (£) - - -4,442 4,196Sales per Employee (£) - - 70,332 65,464Capital Employed per Employee (£) - - 224,266 169,074Fixed Assets per Employee (£) - - 204,928 138,619Pay / Sales (%) - - 25.8 22.7












Company Profiles


Royal Garden Hotel Ltd

Address2-24 Kensington High StreetLondonW8 4PT



Main SIC Codes55111

Directors (as at May 2011)Jacqueline K. G. KhooJennifer CarmichaelKim H. E. KhooElizabeth KhooMavis Khoo Oei

Company SecretaryJacqueline K. G. Khoo

AuditorsKpmg Llp



Previous Name(s) with date(s) of changeOutrade Ltd, 10/10/1995

Holding CompanyRoyal Garden Hotel (Jersey) Ltd

Ultimate Holding CompanyGoodwood Park Hotel Ltd

Profit & Loss







Balance Sheet






Total Assets 130,517 123,970 126,233




Long-Term Loans 0 0 57,500Other L/Term Liabilities 480 354 3,184Total Capital & Reserves 60,751 61,207 56,318




Company Profiles


Royal Garden Hotel Ltd
















2007 PBT includes 1.2m exceptional income. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Shearings Hotels Ltd

AddressThe Head OfficeCarlton ChambersVaughan ParadeTorquayDevonTQ2 5EG


Fax 01803213989


Main SIC Codes55111

Directors (as at May 2011)David R. NewboldVincent FlowerDenis WormwellSteven J. BoricicKarl L. EmmottJane B. Burke

Company SecretaryA G Secretarial Limited





Previous Name(s) with date(s) of changeCoast & Country Hotels Ltd, 13/02/1998Norscot Hotels Ltd, 22/09/1992Norscot Hotels P L C, 25/04/1989

Holding CompanyShearings Holidays Ltd

Ultimate Holding CompanyShearings Gp. Ltd



Sales 70,156 70,655 67,506 56,541Pre-tax Profit -257 1,200 -4,987 6,439

Exports 0 0 0 0Non-Trading Income 0 185 147 1,017Depreciation 2,348 2,108 1,880 1,599Interest Paid 0 0 0 0



Number of Employees 1,792 1,786 1,772 1,581

Balance Sheet


Tangible Fixed Assets 15,489 14,003 12,999 11,316Intangible Assets 0 0 0 0Intermediate Assets 6,580 5,981 95,799 109,706


Stocks 1,011 974 959 867Trade Debtors 319 281 386 146Other Current Assets 5,212 6,775 7,233 5,876


Total Assets 28,611 28,014 117,376 127,911

Trade Creditors 4,734 3,225 6,929 4,860Short-Term Loans 225 158 240 166Other Current Liabilities 4,496 5,256 5,033 5,586



Long-Term Loans 0 4 86,712 93,664Other L/Term Liabilities 0 0 0 0Total Capital & Reserves 19,156 19,371 18,462 23,635





Company Profiles


Shearings Hotels Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) -0.9 4.3 -4.2 5.1Return on Capital (%) -1.3 6.2 -4.7 5.6Pre-tax Profit Margin (%) -0.4 1.7 -7.4 11.4Return on Investment (%) -1.3 6.1 -4.6 5.6Rtn. on Total Capital & Reserves (%) -1.3 6.2 -26.5 27.8


Gearing Ratios Total Debt / Net Worth (%) 1.2 0.8 471.0 397.0Equity Gearing (%) 202.6 224.1 18.7 22.7Income Gearing (Interest Cover) (%) ^ 0.0 ^ 0.0

Efficiency Ratios Debtor Days Outstanding 2 1 2 1Working Capital / Sales (%) -4.2 -0.9 -5.5 -6.5Stocks / Sales (%) 1.4 1.4 1.4 1.5Sales / Capital Employed 3.7 3.6 0.6 0.5Sales / Fixed Assets 4.5 5.0 5.1 5.1Creditor Days 25 17 38 31Asset Utilisation 2.45 2.52 0.56 0.45

Employee Performance Pay per Employee (£) 11,533 11,128 10,515 11,049Profit per £ of Pay (£) -0.01 0.06 -0.26 0.38Profit per Employee (£) -143 672 -2,761 4,153Sales per Employee (£) 39,150 39,560 37,377 36,464Capital Employed per Employee (£) 10,690 10,848 59,353 74,193Fixed Assets per Employee (£) 8,643 7,840 7,336 7,157Pay / Sales (%) 29.5 28.1 28.1 30.3

Other Ratios Exports / Sales (%) 0.0 0.0 0.0 0.0









2008 PBT includes 6.9m exceptional costs regarding. ^ represents a figure that cannot be calculated.intercompany loan - indicates a figure that is unavailable.


Company Profiles


Somerston Hotels UK Ltd

AddressRyon Hill HouseRyon Hill Park Warwick RoadStratford Upon AvonWarwickshireCV37 0UX

Trading ActivityA group engaged in hotel ownership andmanagement.

Main SIC Codes55111

Directors (as at May 2011)Christopher D. BuddenKeith I. GriffithsFredrick G. ParkerShaun Robinson

Company SecretaryChristopher R. Byrd

AuditorsKpmg Llp



Previous Name(s) with date(s) of changeSomerston Hotels UK PLC, 20/02/2007Gatesign PLC, 13/07/2006

Holding CompanySomerston Hotels Investments Hldgs. Ltd

Ultimate Holding CompanyStornoway Ltd

Main UK Subsidiaries with Turnover (£’000)Somerston Hotels (Investments) Ltd 8Somerston Hotels (Properties) Ltd 6Somerston Hotels (Bath) Ltd 2Somerston Hotels (Bristol North) Ltd 2Somerston Hotels (Salford Quays) Ltd 2Somerston Hotels (Glasgow) Ltd 2Somerston Hotels (Lincoln) Ltd 1Somerston Hotels (York) Ltd 1Somerston Hotels (Warwick) Ltd 1Somerston Hotels (Taunton) Ltd 1

Profit & Loss



Exports 0 0 0Non-Trading Income 105 3,877 581Depreciation 7,529 8,908 8,360Interest Paid 22,833 25,376 22,829




Balance Sheet






Total Assets 309,347 343,992 491,154




Long-Term Loans 330,463 330,103 339,717Other L/Term Liabilities 3,400 3,855 2,896Total Capital & Reserves -31,150 2,324 137,888




Company Profiles


Somerston Hotels UK Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -12.8 -0.6 -2.2Return on Capital (%) - -13.1 -0.6 -2.3Pre-tax Profit Margin (%) - -58.6 -2.9 -14.0Return on Investment (%) - -5.6 6.9 2.5Rtn. on Total Capital & Reserves (%) - ^ -92.0 -7.9


Gearing Ratios Total Debt / Net Worth (%) - ^ 14,206.6 246.4Equity Gearing (%) - -9.1 0.7 39.0Income Gearing (Interest Cover) (%) - ^ 109.2 191.6














Company Profiles


South Bank Hotel Management Co. Ltd

Address3rd Floor Sterling HouseLangston RoadLoughtonEssexIG10 3TS

Trading ActivityHotel management.

Main SIC Codes55111

Directors (as at May 2011)Stephen S. Conway

Company SecretaryAllan W. Porter

AuditorsBdo Llp




Previous Name(s) with date(s) of changeBridgeguide Ltd, 24/01/2005

Holding CompanyGalliard Homes Ltd

Ultimate Holding CompanyGalliard Hldgs. Ltd

Profit & Loss



Exports 0Non-Trading Income 8 17 0Depreciation 0 0 0Interest Paid 6 4 0


Directors EmolumentsEmployee Pay 2,923 2,631

Number of Employees

Balance Sheet




Stocks 45 51 34Trade Debtors 1,126 1,020 1,020Other Current Assets 3,876 2,387 977


Total Assets 5,047 3,458 2,031



T/Assets - C/Liabilities 91 56 6

Long-Term Loans 0 0 0Other L/Term Liabilities 0 0 0Total Capital & Reserves 91 56 6

Capital Employed 91 56 6



Company Profiles


South Bank Hotel Management Co. Ltd





Efficiency Ratios Debtor Days Outstanding - 22 21 169Working Capital / Sales (%) - 0.5 0.3 0.3Stocks / Sales (%) - 0.2 0.3 1.5Sales / Capital Employed - 209.6 317.4 367.5Sales / Fixed Assets - ^ ^ ^Creditor Days - 7 6 45Asset Utilisation - 3.78 5.14 1.09

Employee Performance Pay per Employee (£) - - - -Profit per £ of Pay (£) - 0.02 0.02 -Profit per Employee (£) - - - -Sales per Employee (£) - - - -Capital Employed per Employee (£) - - - -Fixed Assets per Employee (£) - - - -Pay / Sales (%) - 15.3 14.8 -












Company Profiles


Splendid Property Co. Ltd

Address4 Cadogan SquareCadogan StreetGlasgowG2 7PH


Main SIC Codes55111

Directors (as at May 2011)Paul F. JamesStephen HumphreysMark J. WayJohn C. PhilipSimon R. VincentElizabeth J. RabinHilton Corporate Director Llc





Holding CompanyHlt Operating Iii-A Holding Ltd


Profit & Loss



Exports 0 0 0Non-Trading Income 871 5,843 6,143Depreciation 2,173 1,376 1,132Interest Paid 0 0 0

Auditors Fees 0 0 0

Directors Emoluments 0 0 0Employee Pay 4,928 5,441

Number of Employees

Balance Sheet






Total Assets 128,174 129,484 127,786








Company Profiles


Splendid Property Co. Ltd




Gearing Ratios Total Debt / Net Worth (%) - 0.1 0.1 0.0Equity Gearing (%) - 3,367.9 3,870.7 3,529.3Income Gearing (Interest Cover) (%) - ^ 0.0 0.0


Employee Performance Pay per Employee (£) - - - -Profit per £ of Pay (£) - -0.41 0.34 -Profit per Employee (£) - - - -Sales per Employee (£) - - - -Capital Employed per Employee (£) - - - -Fixed Assets per Employee (£) - - - -Pay / Sales (%) - 24.7 26.2 -












Company Profiles


St Giles Hotel Ltd

AddressBedford AvenueLondonWC1B 3AS


Fax 02073003001


Main SIC Codes55111

Directors (as at May 2011)Seng Y. ChuaRobert C. M. TanStephen H. NoarRendle M. De MelloChin B. Oh

Company SecretaryBoodle Hatfield Secretarial Limited




Previous Name(s) with date(s) of changeEvamode Ltd, 03/11/1994

Profit & Loss







Balance Sheet




Stocks 204 164 164Trade Debtors 973 1,103 1,199Other Current Assets 12,937 7,492 5,803


Total Assets 21,188 16,339 14,567








Company Profiles


St Giles Hotel Ltd


















Company Profiles


St. James Court Hotel Ltd

AddressCrowne Plaza LondonBuckingham GateLondonSW1E 6AF


Trading ActivityThe ownership and operation of hotels andapartments.


Directors (as at May 2011)Farrokh KavaranaSudhir NagpalLalchand M. NagpalRajesh NagpalRajkumar M. NagpalAnil P. GoelRaymond BicksonChandrasekhar Nagarajan

Company SecretaryChandrasekhar Nagarajan




Previous Name(s) with date(s) of changeSjchl Ltd, 16/01/2001Trushelfco (No.2587) Ltd, 28/02/2000

Ultimate Holding CompanyIndian Hotels Co. Ltd

Profit & Loss







Balance Sheet






Total Assets 94,655 94,365 98,012








Company Profiles


St. James Court Hotel Ltd


















Company Profiles


St. James Hotel Ltd

Address6 Waterloo PlaceLondonSW1Y 4AN


Trading ActivityThe development, ownership and management ofhotels.

Main SIC Codes55111

Directors (as at May 2011)Christian KaraoglanianRichard C. NottageNaseeb Y. NasibRobert J. Gaymer-JonesLarry R. Cross

Company SecretaryRobert J. Bush




Previous Name(s) with date(s) of changeRangeregion Ltd, 09/04/2001

Holding CompanySociete Hoteliere Paris Les Halles Sas

Ultimate Holding CompanySociete Hoteliere Paris Les Halles Sas

Profit & Loss







Balance Sheet






Total Assets 50,911 48,003 50,777

Trade Creditors 568 435 472Short-Term Loans 284 82 2,185Other Current Liabilities 844 1,098 1,650







Company Profiles


St. James Hotel Ltd


















Company Profiles


Strathmore Hotels Ltd

AddressFerintosh Business CentreStation RoadDingwallRoss-ShireIV15 9TR


Fax 01349 865232


Main SIC Codes55111

Directors (as at May 2011)Ronald RickardLawrence J. CormackBarbara RickardChristopher L. Rickard

Company SecretaryRonald Rickard

AuditorsFrench Duncan Llp



Previous Name(s) with date(s) of changeStrathmore Hotels Plc., 12/02/2002Strathmore Hotels Ltd, 20/01/1992Forty Eight Shelf (26) Ltd, 17/12/1990

Holding CompanyStrathmore Hotels (Scotland) Ltd

Ultimate Holding CompanyStrathmore Hotels (Scotland) Ltd

Profit & Loss







Balance Sheet






Total Assets 27,864 27,289 27,294

Trade Creditors 960 845 846Short-Term Loans 0 827 1,584Other Current Liabilities 822 954 1,163



Long-Term Loans 9,320 9,320 9,320Other L/Term Liabilities 1,288 766 0Total Capital & Reserves 15,474 14,577 14,381




Company Profiles


Strathmore Hotels Ltd


















Company Profiles


Templeton Holdings Ltd

Address4 Temple StreetBirminghamWest MidlandsB2 5BN

Trading ActivityA group engaged in restaurant operators.

Main SIC Codes55111

Directors (as at May 2011)Remigio DistefanoMarcello G. Distefano

Company SecretaryMary S. Reynard

AuditorsCassons



Previous Name(s) with date(s) of changeBuddah Bar Ltd, 17/01/2003

Main UK Subsidiaries with Turnover (£’000)Harnbury Hldgs. Ltd 12

Profit & Loss


Sales 15,106 14,320Pre-tax Profit 927 1,043 254


Auditors Fees 4 7 2

Directors Emoluments 368 391 246Employee Pay 5,396 4,710 273


Balance Sheet


Tangible Fixed Assets 3,175 1,720 6Intangible Assets 1,629 1,690 0Intermediate Assets 0 0 1,630


Stocks 198 191 0Trade Debtors 96 90 0Other Current Assets 565 1,003 3

Total Current Assets 859 1,284 3

Total Assets 5,663 4,694 1,639

Trade Creditors 1,564 1,229 0Short-Term Loans 255 334 742Other Current Liabilities 1,005 1,320 72

Total Current Liabilities 2,824 2,883 814

T/Assets - C/Liabilities 2,839 1,811 825

Long-Term Loans 800 178 0Other L/Term Liabilities 135 79 1Total Capital & Reserves 1,904 1,554 824

Capital Employed 2,839 1,811 825

Type of Accounts Consolidated Consolidated Unconsolidated


Company Profiles


Templeton Holdings Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 16.4 22.2 15.5Return on Capital (%) - 32.7 57.6 30.8Pre-tax Profit Margin (%) - 6.1 7.3 -Return on Investment (%) - 30.7 51.2 16.2Rtn. on Total Capital & Reserves (%) - 48.7 67.1 30.8


Gearing Ratios Total Debt / Net Worth (%) - 383.6 ^ 90.0Equity Gearing (%) - 50.7 49.5 101.1Income Gearing (Interest Cover) (%) - 2.5 5.1 0.0

Efficiency Ratios Debtor Days Outstanding - 2 2 -Working Capital / Sales (%) - -13.0 -11.2 -Stocks / Sales (%) - 1.3 1.3 -Sales / Capital Employed - 5.3 7.9 -Sales / Fixed Assets - 4.8 8.3 -Creditor Days - 38 31 -Asset Utilisation - 2.67 3.05 -

Employee Performance Pay per Employee (£) - 21,758 21,705 39,000Profit per £ of Pay (£) - 0.17 0.22 0.93Profit per Employee (£) - 3,738 4,806 36,286Sales per Employee (£) - 60,911 65,991 -Capital Employed per Employee (£) - 11,448 8,346 117,857Fixed Assets per Employee (£) - 12,802 7,926 857Pay / Sales (%) - 35.7 32.9 -








Position in subsectorGrowth Sales Growth -Pre-tax Profit Growth 5Total Assets Growth 2Number of Employees Growth 1Exports Growth -




Company Profiles


Thistle Barbican Tenant Ltd

AddressPo Box 909 Bath RoadUxbridgeMiddlesexUB8 9FH

Trading ActivityThe operation of an hotel in the UK. T/O =Revenue.

Main SIC Codes55111



AuditorsKpmg Llp



Holding CompanyGuoman Hotels Ltd




Sales 12,387 13,121 14,130 12,998Pre-tax Profit -2,176 -1,995 -1,326 -1,494

Exports 0Non-Trading Income -3,633 0 0 0Depreciation 291 250 161 251Interest Paid 383 6 2 292




Balance Sheet




Stocks 18 15 23 20Trade Debtors 654 627 1,040 639Other Current Assets 801 734 660 766


Total Assets 3,201 3,317 4,131 3,858

Trade Creditors 917 732 882 989Short-Term Loans 8,352 7,066 5,940 5,309Other Current Liabilities 4,114 3,411 2,956 1,649


T/Assets - C/Liabilities -10,182 -7,892 -5,647 -4,089

Long-Term Loans 0 0 0 0Other L/Term Liabilities 0 0 0 0Total Capital & Reserves -10,182 -7,892 -5,647 -4,089

Capital Employed -10,182 -7,892 -5,647 -4,089




Company Profiles


Thistle Barbican Tenant Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) -68.0 -60.1 -32.1 -38.7Return on Capital (%) ^ ^ ^ ^Pre-tax Profit Margin (%) -17.6 -15.2 -9.4 -11.5Return on Investment (%) ^ ^ -451.9 -98.5Rtn. on Total Capital & Reserves (%) ^ ^ ^ ^


Gearing Ratios Total Debt / Net Worth (%) ^ ^ ^ Êquity Gearing (%) -76.1 -70.4 -57.8 -51.5Income Gearing (Interest Cover) (%) ^ ^ ^ ^

Efficiency Ratios Debtor Days Outstanding 19 17 27 18Working Capital / Sales (%) -96.1 -74.9 -57.0 -50.2Stocks / Sales (%) 0.1 0.1 0.2 0.2Sales / Capital Employed ^ ^ ^ ^Sales / Fixed Assets 7.2 7.2 7.9 12.5Creditor Days 27 20 23 28Asset Utilisation 3.87 3.96 3.42 3.37

Employee Performance Pay per Employee (£) 27,495 39,397 37,175 26,102Profit per £ of Pay (£) -0.85 -0.69 -0.45 -0.53Profit per Employee (£) -23,398 -27,329 -16,575 -13,833Sales per Employee (£) 133,194 179,740 176,625 120,352Capital Employed per Employee (£) -109,484 -108,110 -70,588 -37,861Fixed Assets per Employee (£) 18,581 25,027 22,413 9,611Pay / Sales (%) 20.6 21.9 21.0 21.7



Position in subsectorProfitability Return on Total Assets 138Return on Capital -Pre-tax Profit Margin 109Return on Investment -









Company Profiles


Tonstate (Hotels) Ltd

Address3 Park PlaceSt James SLondonSW1A 1LP


Main SIC Codes55111

Directors (as at May 2011)Overseas Holdings Capital Group LimitedArthur MatyasEdward WojakovskiNorman A. Smith

Company SecretaryEdward Wojakovski

AuditorsKpmg Llp



Previous Name(s) with date(s) of changeBroomco (4051) Ltd, 27/11/2006

Ultimate Holding CompanyOverseas Hldgs. Capital Gp. Ltd

Profit & Loss







Balance Sheet






Total Assets 515,745 521,877 525,027




Long-Term Loans 483,912 475,044 475,962Other L/Term Liabilities 26,916 27,664 27,920Total Capital & Reserves -12,789 -7,114 -3,447




Company Profiles


Tonstate (Hotels) Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -1.2 -0.8 -0.3Return on Capital (%) - -1.3 -0.8 -0.3Pre-tax Profit Margin (%) - -6.6 -4.0 -1.7Return on Investment (%) - 4.2 4.5 4.9Rtn. on Total Capital & Reserves (%) - ^ ^ ^
















Company Profiles


J.Townend & Sons (Hull) Ltd

AddressJackson WayMeltonNorth FerribyHU14 3HJ


Trading ActivityA group engaged in the retail of wine andspirit and operation of a hotel.


Directors (as at May 2011)Jennifer A. TownendJohn E. TownendJohn C. TownendAlexandra L. TownendAngus J. Whitehead

Company SecretaryAngus J. Whitehead

AuditorsDutton Moore



Main UK Subsidiaries with Turnover (£’000)House Of Townend Ltd 12

Profit & Loss







Balance Sheet




Stocks 3,202 2,681 2,252Trade Debtors 1,910 1,626 1,738Other Current Assets 394 880 611


Total Assets 9,112 8,833 8,412

Trade Creditors 1,926 1,927 1,398Short-Term Loans 674 565 581Other Current Liabilities 853 768 1,070







Company Profiles


J.Townend & Sons (Hull) Ltd






Employee Performance Pay per Employee (£) - 16,094 13,659 14,335Profit per £ of Pay (£) - 0.05 0.13 0.10Profit per Employee (£) - 861 1,835 1,492Sales per Employee (£) - 84,389 71,222 74,620Capital Employed per Employee (£) - 31,439 31,665 29,961Fixed Assets per Employee (£) - 19,983 20,665 21,207Pay / Sales (%) - 19.1 19.2 19.2












Company Profiles


Travelodge Hotels Ltd

Address166 High HolbornLondonWC1V 6TT


Fax 02073012522

Trading ActivityThe operation of hotels and catering units.T/O = Revenue.


Directors (as at May 2011)Grant D. HearnJon W. MortimoreGuy P. C. ParsonsPaul V. HarveyKeith Hamill

Company SecretaryJon W. Mortimore





Previous Name(s) with date(s) of changeTravelrest Services Ltd, 30/03/2004Forte (U.K.) Ltd, 05/12/2001Trusthouse Forte (U.K.) Ltd, 03/06/1991Trusthouse Forte Airport Services Ltd,27/01/1984

Holding CompanyFull Moon Holdco 6 Ltd

Ultimate Holding CompanyDubai Intl. Capital Llc

Main UK Subsidiaries with Turnover (£’000)Tllc Levpropco7 Ltd 1Tllc Levpropco1 LtdTllc Levpropco5 Ltd

Profit & Loss



ExportsNon-Trading Income 79,100 1,700 4,800Depreciation 41,600 39,100 25,700Interest Paid 12,300 7,600 8,000




Balance Sheet




Stocks 1,000 800 700Trade Debtors 3,600 6,900 11,100Other Current Assets 503,700 403,000 363,500


Total Assets 1,078,900 977,100 949,600








Company Profiles


Travelodge Hotels Ltd
















2009 PBT includes net exceptional income of 44.2m. ^ represents a figure that cannot be calculated.- indicates a figure that is unavailable.


Company Profiles


Venice Antler 1 Ltd

AddressThe Inspire Hornbeam Square WestHarrogateNorth YorkshireHG2 8PA

Trading ActivityA group engaged in the operation of hotelsand conference centres.

Main SIC Codes55111

Directors (as at May 2011)Gail S. HunterAnthony TroyTimothy J. Doubleday

Company SecretaryTimothy Doubleday




Previous Name(s) with date(s) of changeGolfcrown Ltd, 09/03/2007

Holding CompanyVenice Luxco Sarl

Ultimate Holding CompanyVenice Luxco Sarl

Profit & Loss



Exports 0 0 0Non-Trading Income 2 120 -975Depreciation 2,262 1,295 306Interest Paid 8,043 8,841 3,682




Balance Sheet






Total Assets 115,403 120,854 114,765

Trade Creditors 1,381 1,312 842Short-Term Loans 90,146 11,503 3,150Other Current Liabilities 2,768 3,438 4,614



Long-Term Loans 25,144 104,844 101,974Other L/Term Liabilities 0 0 862Total Capital & Reserves -4,036 -243 3,323




Company Profiles


Venice Antler 1 Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -3.4 -2.9 -2.3Return on Capital (%) - -18.4 -3.4 -2.5Pre-tax Profit Margin (%) - -16.6 -13.5 -24.2Return on Investment (%) - 3.7 4.6 0.9Rtn. on Total Capital & Reserves (%) - ^ ^ -79.7


Gearing Ratios Total Debt / Net Worth (%) - ^ ^ Êquity Gearing (%) - -3.4 -0.2 3.0Income Gearing (Interest Cover) (%) - 193.1 165.7 374.2














Company Profiles


Victoria Park Plaza Operator Ltd

Address239-251 Vauxhall Bridge RoadLondonSW1V 1EJ


Trading ActivityThe operation of a hotel property.

Main SIC Codes55111

Directors (as at May 2011)Euro Sea Hotels N VChen Moravsky

Company SecretaryBrindley Goldstein Limited

AuditorsMazars Llp



Holding CompanyVictoria London Hotel Holding Bv

Profit & Loss







Balance Sheet






Total Assets 6,694 3,352 2,755








Company Profiles


Victoria Park Plaza Operator Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - -6.9 43.3 53.7Return on Capital (%) - ^ ^ ^Pre-tax Profit Margin (%) - -2.5 8.0 8.8Return on Investment (%) - -9.3 82.8 110.3Rtn. on Total Capital & Reserves (%) - ^ ^ ^


Gearing Ratios Total Debt / Net Worth (%) - ^ ^ Êquity Gearing (%) - -21.6 -29.2 -50.7Income Gearing (Interest Cover) (%) - ^ 5.0 15.0

Efficiency Ratios Debtor Days Outstanding - 20 22 25Working Capital / Sales (%) - -10.1 -7.6 -16.9Stocks / Sales (%) - 0.8 0.7 0.8Sales / Capital Employed - ^ ^ ^Sales / Fixed Assets - ^ ^ ^Creditor Days - 9 6 6Asset Utilisation - 2.73 5.40 6.11

Employee Performance Pay per Employee (£) - 18,479 23,938 25,033Profit per £ of Pay (£) - -0.21 0.47 0.48Profit per Employee (£) - -3,866 11,162 12,033Sales per Employee (£) - 153,622 139,346 136,780Capital Employed per Employee (£) - -15,496 -10,646 -23,049Fixed Assets per Employee (£) - 0 0 0Pay / Sales (%) - 12.0 17.2 18.3












Company Profiles


Webb Hotels & Travel Ltd

AddressMoor Hall HotelFour OaksSutton ColdfieldWest MidlandsB75 6LN


Trading ActivityA group engaged as hoteliers, leisure cluboperators, restaurateurs and travel agents.

Main SIC Codes63301551119261955301

Directors (as at May 2011)Michael J. WebbAngela C. BurnsSimon LedbrookeNigel SaundersSarah L. WebbHelen Griffiths

Company SecretaryNigel Saunders

AuditorsFarmiloes Llp




Previous Name(s) with date(s) of changeMoor Hall Group Ltd, 30/04/2007Broadwebb Group Ltd, 21/08/2002Equalcover Ltd, 18/01/2002

Main UK Subsidiaries with Turnover (£’000)Broads Travel Gp. Ltd 6Moor Hall Hotel Ltd 4The George Hotel (Lichfield) Ltd 1The Gables Hotel Ltd 1

Profit & Loss



Exports 0 0 0Non-Trading Income -26 5 0Depreciation 356 332 298Interest Paid 193 621 615




Balance Sheet






Total Assets 21,923 22,075 20,367








Company Profiles


Webb Hotels & Travel Ltd


















Company Profiles


M F Wells (Hotels) Ltd

AddressLochs & Glens HolidaysSchool RoadGartocharnAlexandriaDunbartonshireG83 8RW


Trading ActivityHotel proprietors and tour operators.


Directors (as at May 2011)Michael F. WellsNeil S. WellsIan M. Wells

Company SecretaryMichael F. Wells

AuditorsJames Anderson & Co



Holding CompanyWells Hotels (2008) Ltd

Ultimate Holding CompanyWells Hotels Ltd

Profit & Loss


Sales 19,586 18,987 17,045Pre-tax Profit 2,605 2,421 236

ExportsNon-Trading Income 13 177 353Depreciation 333 395 318Interest Paid 1 1 1




Balance Sheet






Total Assets 23,590 22,718 23,497




Long-Term Loans 97 104 125Other L/Term Liabilities 0 397 1,078Total Capital & Reserves 19,866 18,123 18,680




Company Profiles


M F Wells (Hotels) Ltd


















Company Profiles


The Westbury Hotel Ltd

AddressFlat 11-2 Coach And Horses YardLondonW1S 2EH

Trading ActivityHotel ownership and management.

Main SIC Codes55111

Directors (as at May 2011)Bakir A. ColaAzad B. A. Cola

Company SecretaryAzad B. A. Cola

AuditorsWilder Coe



Holding CompanyCola Hldgs. Ltd

Ultimate Holding CompanyCola Hldgs. Ltd

Profit & Loss


Sales 17,046 17,642 15,384Pre-tax Profit 1,253 -1,314 -938

Exports 0 0 0Non-Trading Income 12 35 4Depreciation 1,166 823 868Interest Paid 4,023 4,149 4,113




Balance Sheet






Total Assets 149,755 118,589 116,026








Company Profiles


The Westbury Hotel Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - 0.8 -1.1 -0.8Return on Capital (%) - 0.9 -1.2 -0.8Pre-tax Profit Margin (%) - 7.4 -7.4 -6.1Return on Investment (%) - 3.7 2.5 2.8Rtn. on Total Capital & Reserves (%) - ^ ^ ^




Employee Performance Pay per Employee (£) - 21,301 19,470 17,444Profit per £ of Pay (£) - 0.32 -0.37 -0.33Profit per Employee (£) - 6,737 -7,260 -5,790Sales per Employee (£) - 91,645 97,470 94,963Capital Employed per Employee (£) - 750,349 615,586 695,907Fixed Assets per Employee (£) - 777,995 618,641 696,278Pay / Sales (%) - 23.2 20.0 18.4












Company Profiles


Whitbread PLC

AddressWhitbread HousePark Street WestLutonBedsLU1 3BG


Fax 02078065444

Trading ActivityA group engaged in the operation of budgethotels, restaurants and coffee shops. T/O =revenue.


Directors (as at May 2011)Christopher C. B. RogersAnthony J. HabgoodSimon R. MellissWendy BeckerStephen G. WilliamsPatrick J. A. DempseyRichard BakerAndrew HarrisonIan M. Cheshire

Company SecretarySimon C. Barratt




Previous Name(s) with date(s) of changeWhitbread Holdings PLC, 10/05/2001

Main UK Subsidiaries with Turnover (£’000)Whitbread Gp. PLC 1,435Premier Inn Ltd 485Whitbread Restaurants Ltd 351Costa Ltd 323Premier Inn Hotels Ltd 45Costa Intl. Ltd 9Whitbread Hotel Co. Ltd 4Premier Inn Manchester Trafford Ltd 3Premier Inn Manchester Airport Ltd 2Pi Hotels & Restaurants Ireland Ltd 2

Profit & Loss


Sales 1,435,000 1,334,600 1,216,700Pre-tax Profit 208,000 198,600 134,600

Exports 13,600 0 0Non-Trading Income 1,100 6,800 11,200Depreciation 92,900 106,200 86,300Interest Paid 43,900 35,400 51,600




Balance Sheet


Tangible Fixed Assets 2,310,700 2,301,100 2,127,400Intangible Assets 150,000 118,900 101,200Intermediate Assets 20,200 25,000 5,200




Total Assets 2,647,600 2,573,000 2,417,000




Long-Term Loans 546,200 701,200 167,900Other L/Term Liabilities 636,400 451,000 274,100Total Capital & Reserves 1,107,000 1,127,800 1,317,200




Company Profiles


Whitbread PLC
















2010 PBT includes exceptional charges of 15.6m ^ represents a figure that cannot be calculated.2009 PBT includes exceptional charges of 31.3m. - indicates a figure that is unavailable.


Company Profiles


Yianis Holdings Ltd

AddressLangley HousePark Road East FinchleyLondonN2 8EX

Trading ActivityA holding company for a group engaged inproperty investment, development, managementand letting, hotel operation and aircraftand yacht chartering.

Main SIC Codes7020970110551116220161101

Directors (as at May 2011)Yiannakis T. ChristodoulouLambros Hadjiioannou

Company SecretaryRichard V. Short



Main UK Subsidiaries with Turnover (£’000)Octagon Assets Ltd 17West India Quay (Eastern) Ltd 12Yianis Fscr Ltd 10Yianis Heathrow Ltd 8Wiq Hotel Corp. Ltd 6Yianis Hotels Ltd 3Yianis Manchester Ltd 1Octagon Overseas Ltd

Profit & Loss



ExportsNon-Trading Income 1,787 3,688Depreciation 2,497 2,352Interest Paid 33,903 32,448

Auditors Fees 182 161



Balance Sheet


Tangible Fixed Assets 866,539 912,983Intangible Assets -8,069 610Intermediate Assets 0 0




Total Assets 921,582 986,070




Long-Term Loans 568,167 586,511Other L/Term Liabilities 54 8,889Total Capital & Reserves 269,544 323,618




Company Profiles


Yianis Holdings Ltd


Profitability Ratios 10/11 09/10 08/09 07/08Return on Total Assets (%) - - 0.3 0.5Return on Capital (%) - - 0.4 0.5Pre-tax Profit Margin (%) - - 4.7 6.9Return on Investment (%) - - 4.2 3.8Rtn. on Total Capital & Reserves (%) - - 1.1 1.4


Gearing Ratios Total Debt / Net Worth (%) - - 221.8 195.9Equity Gearing (%) - - 41.3 48.9Income Gearing (Interest Cover) (%) - - 91.6 87.7

Efficiency Ratios Debtor Days Outstanding - - 18 16Working Capital / Sales (%) - - -31.5 8.2Stocks / Sales (%) - - 0.2 0.3Sales / Capital Employed - - 0.1 0.1Sales / Fixed Assets - - 0.1 0.1Creditor Days - - 7 9Asset Utilisation - - 0.07 0.07

Employee Performance Pay per Employee (£) - - 30,078 28,580Profit per £ of Pay (£) - - 0.35 0.44Profit per Employee (£) - - 10,466 12,594Sales per Employee (£) - - 222,152 182,779Capital Employed per Employee (£) - - 2,830,287 2,538,724Fixed Assets per Employee (£) - - 2,927,497 2,522,052Pay / Sales (%) - - 13.5 15.6












Company Profiles


Perform

ance League Tables

In this section, companies are ranked, in a series ofleague tables, by a range of performance indices.Companies have been allocated to particularindustry subsectors, allowing valid like-with-likeperformance comparisons. See section 1 for details.

● Size● Profitability● Efficiency● Liquidity● Gearing● Employee Productivity● Other Ratios● Growth Rates

Notes

1 To ensure that all comparisons made between companies areover a similar period, the ‘analysis year’, or the year on whichLeague Table rankings are based, is the latest year for which datais available on all companies. A small number of companies mayhave accounts available for a more recent year, and when this isthe case, these figures are presented to the left of the analysiscolumn, and labelled ‘Recently Filed Accounts’.

2 Although all companies appear in the League Tables, thefigures for certain companies may not be used to generate totalsand averages, either because the company is large and hassignificant interests in other industry sectors and would thereforebias any calculations in which it is included (*), or because thecompany does not have full data for all three years (n).See Section 6 for details.

LeagueTablePosition

RecentlyFiled

Accounts

Sales£’000

10/11 09/10 08/09 07/08

THE HOTEL INDUSTRY

1 * Whitbread PLC - 1,407,925 1,334,600 1,216,7002 * L.5.1.N Ltd - 1,067,214 - -3 Millennium & Copthorne Hotels PLC - 654,000 702,900 669,6004 Premier Inn Ltd - 476,082 503,274 450,9275 * De Vere Venice Ltd - 465,127 475,000 406,070

6 Endell Gp. Hldgs. Ltd - 297,300 289,700 243,8007 * Travelodge Hotels Ltd - 294,400 287,000 241,5008 * M W B Gp. Hldgs. PLC - 284,299 277,876 252,1199 * Q.M.H Ltd - 250,700 274,500 257,600

10 Dorchester Gp. Ltd - 243,387 259,365 231,032

11 * Guoman Hotel Hldgs. Ltd 199,532 198,612 220,432 203,60912 * Accor UK Bus. & Leisure Hotels Ltd - 189,064 198,258 194,34613 L.R.G Hotels Ltd - 175,643 196,529 194,58114 * Marriott Hotels Ltd - 158,390 149,482 150,81115 * De Vere Village Trading No 1 Ltd - 150,773 159,321 189,568

16 * Macdonald Hotels Ltd - 125,999 135,424 153,35717 * Adda Hotels - 121,877 138,561 136,20518 Accor UK Economy Hotels Ltd - 119,700 121,849 111,33019 Jarvis Hotels Ltd. - 119,135 129,585 130,08420 * Edwardian Gp. Ltd - 118,292 122,995 122,528

21 * Qhotels Gp. Ltd - 116,728 130,186 123,03522 * Hilton Worldwide Ltd - 102,549 110,992 198,93323 Tonstate (Hotels) Ltd - 97,391 98,948 94,66124 * Festival Gp. Ltd - 97,254 103,601 82,41425 Maple Hotels 1 Ltd - 91,273 106,073 109,970

26 Curzon Hotels (Operator) Ltd - 81,806 91,018 105,30927 Globalgrange Ltd - 72,817 58,987 56,39528 * Shearings Hotels Ltd 70,156 70,655 66,232 57,65029 * Somerston Hotels UK Ltd - 67,707 73,703 78,03930 * J.H. Leeke & Sons Ltd - 65,603 62,237 65,173

31 * Bridgemere UK PLC - 62,788 32,538 33,12632 Arora Hotels Ltd - 62,603 54,102 42,58933 * Imperial London Hotels Ltd (The) - 61,155 60,261 56,98034 Hand Picked Hotels Ltd 59,203 58,347 61,638 43,85035 G H Hotel Operating Co. Ltd - 57,611 54,315 46,104

36 * Quintain Estates & Development PLC - 56,937 66,019 46,67637 * Hilton Intl. Hotels (UK) Ltd - 56,347 59,368 58,07638 Oxford Hotels & Inns Mgmt. Ltd - 53,361 60,012 63,46439 * Britannia Hotels Ltd - 52,249 40,509 39,23540 Firmdale Hotels PLC - 50,556 53,458 50,993

41 Claridge’s Hotel Ltd - 48,617 52,447 47,55042 ■ H L T Stakis Operator Ltd - 47,106 48,088 -43 * Marston Hotels Ltd - 45,334 49,154 51,55344 Menzies Hotels Hldgs. Ltd - 45,027 51,255 53,46745 * Premier Inn Hotels Ltd - 44,958 33,786 159,530

46 Hotel Inter-Continental London Ltd - 43,487 45,206 34,66447 The Cumberland Guoman Ltd 39,894 42,538 46,619 41,86248 * Kew Green Hotels Ltd - 41,660 41,348 37,42549 Hotel Mgmt. Intl. (Hldgs.) Ltd - 41,228 48,500 40,96250 * Menzies Hotels Operating Ltd - 40,338 48,760 53,467

Performance League Tables

Sales


LeagueTablePosition

RecentlyFiled

Accounts

Sales£’000

10/11 09/10 08/09 07/08

51 Mandarin Oriental Hyde Park Ltd - 39,011 43,113 45,28252 * L.R.G Hotels Gp. (UK) Ltd - 37,625 43,181 45,63853 The Berkeley Hotel Ltd - 37,038 38,486 38,77554 * Gleneagles Hotels Ltd 33,668 35,579 38,231 35,32255 * Deckers Restaurants Ltd - 34,770 32,311 31,012

56 Chesterfield (Mayfair) Ltd - 34,567 34,650 33,28657 De Vere Village Hotels & Leisure Ltd - 34,393 18,434 11,52658 London May Fair Hotel Ltd - 34,385 34,978 34,20359 C.D.L Hotels (U.K.) Ltd - 34,224 36,384 35,88660 Apex Hotels Ltd - 33,858 26,754 26,614

61 Hastings Hotels Gp. Ltd - 32,864 33,776 33,82062 Churchill Gp. Ltd - 32,423 33,897 28,62563 Centre Island Hotels Ltd - 31,841 29,682 32,03164 * Hotel Property Investors U.K. Ltd - 31,763 39,255 47,67265 ■ H L T Stakis S P E Ltd - 31,586 29,982 -

66 Champneys Henlow Ltd - 30,954 31,210 30,15167 * Percy R.Brend & Sons (Hoteliers) Ltd - 30,852 30,078 30,07568 * De Vere Venues Properties Ltd - 30,394 29,615 30,82369 ■ Landmark Hotel London Ltd 32,430 30,177 - -70 * Puma Hotels PLC - 30,000 28,455 76,991

71 Morgans Hotel Gp. London Ltd - 28,701 30,998 31,96772 London L.R.G Hotel Ltd - 28,572 31,384 30,22273 * Ritz Hotel (London) Ltd (The) - 28,412 29,721 28,91674 * The Lancaster Landmark Hotel Co. Ltd - 28,370 64,083 70,78175 * Blackpool Pleasure Beach (Hldgs.) Ltd - 28,106 28,995 34,336

76 * Paragon Hotels Ltd - 26,523 26,042 28,47377 Prestmade Ltd - 26,430 27,660 25,90278 Park Hotels Mgmt. Ltd - 26,309 26,501 27,30679 Malmaison & Hotel Du Vin Property Hldgs. Ltd - 26,260 25,145 13,55380 Land Securities (Hotels) Ltd - 26,253 29,548 23,818

81 * Forestdale Hotels Ltd - 26,171 29,045 32,45782 Park Tower Hotel Ltd (The) - 25,956 29,699 29,10883 St. James Court Hotel Ltd - 25,937 26,462 25,57384 Lomondo Ltd - 25,843 28,413 28,13585 * Corus Hotels Ltd - 25,474 26,603 28,843

86 London Tara Hotel Ltd - 24,012 25,639 24,21587 North Brit. Trust Hotels Ltd - 23,962 24,862 25,86388 Riverbank Hotel Operator Ltd - 23,940 25,361 25,31489 * Lanesborough Mgmt. Ltd - 23,477 24,106 26,62290 Venice Antler 1 Ltd - 23,401 25,936 10,927

91 * Pbn Hldgs. Ltd - 23,088 20,473 40,07992 Royal Garden Hotel Ltd - 22,204 24,078 24,77893 The Park Lane Hotel Ltd - 22,090 24,251 23,95294 Hhr Piccadilly Ltd - 21,848 22,982 23,74095 * The Barton Grange Gp. Ltd - 21,175 18,719 14,429

96 Splendid Property Co. Ltd - 19,927 20,729 21,55297 * M F Wells (Hotels) Ltd - 19,586 18,987 17,04598 Lomar Hotel Co. Ltd - 19,347 21,116 22,62499 South Bank Hotel Mgmt. Co. Ltd - 19,074 17,777 2,205

100 London Britannia Hotel Ltd - 18,765 20,689 20,610

101 Victoria Park Plaza Operator Ltd - 18,281 18,115 16,824102 Park Hotel Heathrow Ltd - 18,264 21,452 21,899


Sales


LeagueTablePosition

RecentlyFiled

Accounts

Sales£’000

10/11 09/10 08/09 07/08

103 The Westbury Hotel Ltd - 17,046 17,642 15,384104 Crieff Hydro Ltd - 16,788 16,077 15,374105 St Giles Hotel Ltd - 16,743 16,456 15,196

106 * Doyle Hotels (UK) Ltd - 16,580 16,834 17,904107 ■ De Vere Wokefield Park Ltd - 16,396 16,146 -108 St. James Hotel Ltd - 16,393 17,709 18,393109 Ramside Hldgs. Ltd - 16,294 16,351 15,948110 Gloucester Capital Ltd - 16,108 17,584 11,057

111 Brook Hotels Ltd - 16,061 16,887 15,870112 Pennyhill Park Ltd - 15,731 17,163 16,772113 ■ Jake Feather Hotels Ltd - 15,658 - -114 * J.Townend & Sons (Hull) Ltd - 15,190 12,535 13,357115 * Guoman Hotel Mgmt. (UK) Ltd 21,501 15,119 20,921 17,069

116 ■ Templeton Hldgs. Ltd - 15,106 14,320 -117 Kensington Close Hotel Ltd - 14,892 16,044 15,066118 Festival Inns Ltd - 14,797 16,534 17,891119 Rezidor Hotel Stansted Airport Ltd - 14,708 16,872 18,641120 Comojo (U.K.) Ltd - 14,486 16,189 17,263

121 F B M London Ltd - 14,408 14,900 13,680122 * B.D.L Select Hotels Ltd 15,904 14,354 14,548 -123 Firoka (Kings Cross) Ltd 14,767 14,243 18,373 12,714124 Choice Hotels Ltd 13,415 14,196 14,337 14,749125 * Peel Hotels PLC - 14,186 12,720 15,150

126 Manor House Hotel (Okehampton) Ltd - 14,175 12,772 12,584127 Webb Hotels & Travel Ltd - 14,140 16,316 16,041128 Strathmore Hotels Ltd - 13,913 13,226 13,424129 Rezidor Hotel Manchester Ltd - 13,893 16,480 16,717130 * Pl Hotel Ltd - 13,822 14,475 14,846

131 * Ramside Estates Ltd - 13,820 14,122 14,773132 Leisureplex Ltd - 13,765 12,528 12,108133 Andrew Brownsword Hotels Ltd - 13,314 12,127 11,313134 Thistle Barbican Tenant Ltd 12,387 13,121 14,130 12,998135 Lake District Hotels Ltd - 13,100 12,498 11,723

136 * Paramount Hotels Ltd - 13,039 12,600 33,602137 The Cavendish Hotel (London) Ltd - 12,907 13,904 13,122138 Blackfriars Hotels Ltd - 12,357 14,253 13,909139 * Doyle London Hotels Ltd - 12,120 10,132 10,918140 * Jurys Hotel Gp. (UK) Ltd - 12,118 12,409 12,309

- ■ Rocco Forte & Family Ltd - - 89,532 90,209- * Yianis Hldgs. Ltd - - 65,757 66,166- * Longmint Gp. Ltd - - 25,656 24,089


Sales


LeagueTablePosition

RecentlyFiled

Accounts

Pre-tax Profit£’000

10/11 09/10 08/09 07/08

THE HOTEL INDUSTRY

1 * Whitbread PLC - 204,075 198,600 134,6002 Premier Inn Ltd - 102,509 174,753 123,0893 Millennium & Copthorne Hotels PLC - 81,900 102,800 157,4004 * Travelodge Hotels Ltd - 66,500 8,700 16,6005 * Hilton Intl. Hotels (UK) Ltd - 64,293 -444,288 -120,632

6 * Accor UK Bus. & Leisure Hotels Ltd - 43,458 37,528 170,6047 * L.5.1.N Ltd - 39,212 - -8 Dorchester Gp. Ltd - 24,553 41,374 45,7099 L.R.G Hotels Ltd - 23,168 32,357 47,021

10 * Imperial London Hotels Ltd (The) - 19,220 14,968 11,969

11 Claridge’s Hotel Ltd - 16,931 20,234 18,71112 The Berkeley Hotel Ltd - 15,434 13,446 15,08113 Accor UK Economy Hotels Ltd - 14,138 21,180 68,82814 C.D.L Hotels (U.K.) Ltd - 13,710 13,444 13,95015 * Edwardian Gp. Ltd - 10,994 3,282 14,715

16 London Tara Hotel Ltd - 10,267 10,898 10,26617 Hotel Inter-Continental London Ltd - 9,972 8,304 -85918 Park Tower Hotel Ltd (The) - 9,676 10,807 9,35319 Churchill Gp. Ltd - 9,358 10,840 6,54420 Apex Hotels Ltd - 7,123 2,664 5,204

21 London L.R.G Hotel Ltd - 6,727 5,760 3,09122 London Britannia Hotel Ltd - 6,614 6,417 7,24723 ■ Landmark Hotel London Ltd 7,742 6,486 - -24 * Ritz Hotel (London) Ltd (The) - 5,226 -2,757 -4,43225 Lomondo Ltd - 5,177 2,521 3,125

26 * Macdonald Hotels Ltd - 5,130 -9,399 99,09227 Hotel Mgmt. Intl. (Hldgs.) Ltd - 4,923 6,481 5,24928 Mandarin Oriental Hyde Park Ltd - 4,782 4,617 8,61729 Land Securities (Hotels) Ltd - 4,600 5,289 70330 The Park Lane Hotel Ltd - 4,476 5,597 5,524

31 Globalgrange Ltd - 3,951 4,389 7,11932 F B M London Ltd - 3,943 3,609 2,89333 * Lanesborough Mgmt. Ltd - 3,827 1,565 5,78534 * J.H. Leeke & Sons Ltd - 3,460 1,381 3,55235 * Jurys Hotel Gp. (UK) Ltd - 3,076 2,875 7,945

36 Lake District Hotels Ltd - 3,071 1,362 1,90237 ■ H L T Stakis S P E Ltd - 3,030 5,726 -38 Hastings Hotels Gp. Ltd - 2,791 3,514 3,34139 * Doyle London Hotels Ltd - 2,675 -725 3,00640 * M F Wells (Hotels) Ltd - 2,605 2,421 236

41 Firoka (Kings Cross) Ltd 2,982 2,523 4,372 6,37342 * Gleneagles Hotels Ltd -745 2,487 11,065 14,73843 Firmdale Hotels PLC - 2,303 3,160 4,51544 Leisureplex Ltd - 2,235 1,328 1,68045 St Giles Hotel Ltd - 2,181 2,382 1,827

46 De Vere Village Hotels & Leisure Ltd - 2,173 -1,393 -16,67147 * Paramount Hotels Ltd - 2,046 1,362 -4,34248 * The Lancaster Landmark Hotel Co. Ltd - 2,043 11,080 7,27149 London May Fair Hotel Ltd - 1,824 1,797 1,01750 ■ Jake Feather Hotels Ltd - 1,794 - -


Pre-tax Profit


LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08

51 Pennyhill Park Ltd - 1,759 984 50852 Manor House Hotel (Okehampton) Ltd - 1,698 1,100 1,01253 Strathmore Hotels Ltd - 1,652 1,012 1,10854 St. James Court Hotel Ltd - 1,531 1,350 1,32155 Blackfriars Hotels Ltd - 1,515 2,628 2,007

56 * The Barton Grange Gp. Ltd - 1,493 -420 70957 Morgans Hotel Gp. London Ltd - 1,448 3,080 4,48058 The Westbury Hotel Ltd - 1,253 -1,314 -93859 * Shearings Hotels Ltd -257 1,200 -4,893 6,56560 * Ramside Estates Ltd - 1,088 1,317 1,865

61 Ramside Hldgs. Ltd - 1,040 842 1,31962 * Blackpool Pleasure Beach (Hldgs.) Ltd - 975 -3,778 4,02663 Webb Hotels & Travel Ltd - 960 557 57564 Templeton Hldgs. Ltd - 927 1,043 25465 St. James Hotel Ltd - 863 1,868 1,904

66 North Brit. Trust Hotels Ltd - 740 1,685 74967 The Cavendish Hotel (London) Ltd - 726 -1,419 -1,39968 Champneys Henlow Ltd - 446 -905 98269 Brook Hotels Ltd - 400 424 19770 Lomar Hotel Co. Ltd - 295 1,106 1,376

71 Riverbank Hotel Operator Ltd - 271 -471 42772 Crieff Hydro Ltd - 251 552 1,34173 * Deckers Restaurants Ltd - 249 333 29974 Rezidor Hotel Manchester Ltd - 169 1,821 2,03875 * J.Townend & Sons (Hull) Ltd - 155 323 267

76 Choice Hotels Ltd 81 120 157 22177 * Percy R.Brend & Sons (Hoteliers) Ltd - 112 43,850 16378 Oxford Hotels & Inns Mgmt. Ltd - 95 105 12179 South Bank Hotel Mgmt. Co. Ltd - 48 48 880 Centre Island Hotels Ltd - -68 -490 1,497

81 * Peel Hotels PLC - -74 664 9,59082 G H Hotel Operating Co. Ltd - -286 1,229 1,09183 Rezidor Hotel Stansted Airport Ltd - -319 847 2,07684 Royal Garden Hotel Ltd - -454 2,347 1,84085 Victoria Park Plaza Operator Ltd - -460 1,451 1,480

86 Comojo (U.K.) Ltd - -527 389 1,82987 * Marriott Hotels Ltd - -569 652 65888 Hhr Piccadilly Ltd - -669 -746 1,30789 Andrew Brownsword Hotels Ltd - -721 -1,996 -1,78290 * L.R.G Hotels Gp. (UK) Ltd - -779 5,227 2,115

91 * Paragon Hotels Ltd - -1,319 -10,067 -6,28492 Thistle Barbican Tenant Ltd -2,176 -1,995 -1,326 -1,49493 Splendid Property Co. Ltd - -2,031 1,836 4,78794 Chesterfield (Mayfair) Ltd - -2,177 -3,462 -3,24495 Festival Inns Ltd - -2,731 -3,619 -1,500

96 * B.D.L Select Hotels Ltd 79 -2,910 560 -97 Prestmade Ltd - -2,946 7,634 6,02098 Kensington Close Hotel Ltd - -3,081 440 99999 Gloucester Capital Ltd - -3,204 -4,336 -3,778

100 * Premier Inn Hotels Ltd - -3,567 -27,983 409,229

101 Venice Antler 1 Ltd - -3,877 -3,507 -2,647102 * Forestdale Hotels Ltd - -4,452 -656 3,523


Pre-tax Profit


LeagueTablePosition

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Accounts


10/11 09/10 08/09 07/08

103 The Cumberland Guoman Ltd -6,074 -4,458 1,903 -1,006104 * Corus Hotels Ltd - -4,523 -11,029 7,006105 Park Hotel Heathrow Ltd - -4,582 -1,778 -319

106 Malmaison & Hotel Du Vin Property Hldgs. Ltd - -5,015 -37,008 2,458107 * Hotel Property Investors U.K. Ltd - -5,341 3,147 1,577108 * Doyle Hotels (UK) Ltd - -5,443 -11,471 -1,670109 * Kew Green Hotels Ltd - -6,025 276 -2,691110 * Puma Hotels PLC - -6,237 -8,779 -25,146

111 Tonstate (Hotels) Ltd - -6,423 -3,933 -1,603112 * Britannia Hotels Ltd - -6,440 889 -3,601113 ■ H L T Stakis Operator Ltd - -6,600 -6,455 -114 Arora Hotels Ltd - -6,643 -6,670 822115 * Bridgemere UK PLC - -7,009 -9,953 -4,403

116 * Guoman Hotel Mgmt. (UK) Ltd -509 -7,623 -777 -2,923117 * Pl Hotel Ltd - -8,002 -15,035 -665118 Park Hotels Mgmt. Ltd - -8,117 -5,318 -3,914119 Hand Picked Hotels Ltd -7,294 -8,235 -3,111 -1,418120 * Guoman Hotel Hldgs. Ltd 1,712 -9,434 58,588 843

121 * Pbn Hldgs. Ltd - -9,925 -4,632 -241122 * Quintain Estates & Development PLC - -10,149 -129,066 -54,740123 * Marston Hotels Ltd - -11,028 -2,601 2,008124 * Festival Gp. Ltd - -11,380 -6,033 -578125 * Q.M.H Ltd - -13,000 -3,000 -3,100

126 * M W B Gp. Hldgs. PLC - -15,422 -9,926 -13,763127 Maple Hotels 1 Ltd - -15,431 -7,772 -2,575128 Jarvis Hotels Ltd. - -15,635 -4,120 4,503129 * Menzies Hotels Operating Ltd - -20,077 -12,978 -5,472130 * Hilton Worldwide Ltd - -23,927 -33,691 -3,085

131 Curzon Hotels (Operator) Ltd - -24,511 -21,541 -4,187132 * De Vere Village Trading No 1 Ltd - -35,558 -10,921 383,501133 Menzies Hotels Hldgs. Ltd - -38,870 -32,233 -7,678134 * Somerston Hotels UK Ltd - -39,709 -2,139 -10,911135 * Adda Hotels - -42,584 4,255 -2,055

136 ■ De Vere Wokefield Park Ltd - -44,172 -11,594 -137 * Qhotels Gp. Ltd - -68,722 -75,495 -14,976138 * De Vere Venues Properties Ltd - -75,888 -24,394 -8,156139 Endell Gp. Hldgs. Ltd - -101,700 -78,100 -63,200140 * De Vere Venice Ltd - -486,166 -150,507 -173,837

- * Yianis Hldgs. Ltd - - 3,098 4,559- * Longmint Gp. Ltd - - -643 -1,692- ■ Rocco Forte & Family Ltd - - -5,655 5,782


Pre-tax Profit


LeagueTablePosition

RecentlyFiled

Accounts

Total Assets£’000

10/11 09/10 08/09 07/08

THE HOTEL INDUSTRY

1 * Hilton Intl. Hotels (UK) Ltd - 2,824,303 2,833,552 2,856,4982 Millennium & Copthorne Hotels PLC - 2,755,100 2,932,600 2,414,2003 * Whitbread PLC - 2,647,600 2,573,000 2,417,0004 Premier Inn Ltd - 2,193,976 2,456,213 2,413,4555 * L.5.1.N Ltd - 1,804,893 - -

6 L.R.G Hotels Ltd - 1,304,880 1,217,651 1,026,8087 * De Vere Venice Ltd - 1,246,630 1,654,756 1,715,9818 * Premier Inn Hotels Ltd - 1,223,489 1,228,724 1,167,4209 * De Vere Village Trading No 1 Ltd - 1,173,115 1,068,538 853,447

10 * Quintain Estates & Development PLC - 1,114,441 1,082,811 1,448,718

11 * Travelodge Hotels Ltd - 1,078,900 977,100 949,60012 Dorchester Gp. Ltd - 1,041,902 1,110,295 902,95513 * Hilton Worldwide Ltd - 881,087 955,426 862,44614 Endell Gp. Hldgs. Ltd - 806,600 815,400 816,60015 * Q.M.H Ltd - 789,800 953,000 920,300

16 * Guoman Hotel Hldgs. Ltd 763,828 769,777 774,489 783,92617 * Edwardian Gp. Ltd - 717,110 730,919 826,61718 * M W B Gp. Hldgs. PLC - 667,176 684,848 724,11619 Malmaison & Hotel Du Vin Property Hldgs. Ltd - 543,164 525,984 533,76320 Tonstate (Hotels) Ltd - 515,745 521,877 525,027

21 Globalgrange Ltd - 501,062 481,621 395,18122 * Puma Hotels PLC - 481,313 503,136 547,86023 * Qhotels Gp. Ltd - 427,421 543,674 587,30624 * Macdonald Hotels Ltd - 402,254 411,932 415,59725 * De Vere Venues Properties Ltd - 369,280 445,888 433,265

26 Land Securities (Hotels) Ltd - 348,424 362,167 456,79527 * Pbn Hldgs. Ltd - 336,324 386,088 272,32028 London May Fair Hotel Ltd - 336,118 346,035 367,06829 * Somerston Hotels UK Ltd - 309,347 343,992 491,15430 * Gleneagles Hotels Ltd 305,432 306,470 428,424 410,999

31 * Paramount Hotels Ltd - 304,790 285,312 300,22832 Claridge’s Hotel Ltd - 294,294 279,147 254,19233 * Accor UK Bus. & Leisure Hotels Ltd - 293,961 354,027 339,21234 * The Lancaster Landmark Hotel Co. Ltd - 258,389 357,009 372,09435 * Corus Hotels Ltd - 242,112 242,721 248,456

36 Apex Hotels Ltd - 234,832 175,962 162,63637 The Berkeley Hotel Ltd - 223,048 213,059 197,76038 Hotel Inter-Continental London Ltd - 219,526 220,984 204,44139 Jarvis Hotels Ltd. - 217,854 228,714 232,13840 Mandarin Oriental Hyde Park Ltd - 205,133 200,734 202,887

41 ■ Landmark Hotel London Ltd 205,729 203,689 - -42 Menzies Hotels Hldgs. Ltd - 201,584 243,583 265,30443 * Doyle Hotels (UK) Ltd - 199,084 191,598 175,16544 Prestmade Ltd - 192,099 198,030 195,02745 Firmdale Hotels PLC - 189,021 181,660 167,926

46 Accor UK Economy Hotels Ltd - 180,085 172,471 186,55047 Hand Picked Hotels Ltd 172,116 178,419 184,483 140,03448 London L.R.G Hotel Ltd - 176,817 160,424 145,33749 * Ritz Hotel (London) Ltd (The) - 166,267 162,101 165,40350 De Vere Village Hotels & Leisure Ltd - 158,317 143,503 70,500


Total Assets


LeagueTablePosition

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Accounts


10/11 09/10 08/09 07/08

51 * L.R.G Hotels Gp. (UK) Ltd - 154,733 141,713 131,97252 * Adda Hotels - 150,270 154,219 193,28453 The Westbury Hotel Ltd - 149,755 118,589 116,02654 * Bridgemere UK PLC - 145,093 144,079 162,12055 * Kew Green Hotels Ltd - 144,633 137,050 108,495

56 Churchill Gp. Ltd - 137,762 128,703 118,48457 * Marston Hotels Ltd - 131,452 144,530 125,67358 Royal Garden Hotel Ltd - 130,517 123,970 126,23359 * Imperial London Hotels Ltd (The) - 128,350 123,785 120,08560 Splendid Property Co. Ltd - 128,174 129,484 127,786

61 * Britannia Hotels Ltd - 127,251 110,408 106,63662 C.D.L Hotels (U.K.) Ltd - 123,028 123,725 125,16263 The Cavendish Hotel (London) Ltd - 120,305 121,729 108,42564 Morgans Hotel Gp. London Ltd - 116,722 117,765 132,62265 Venice Antler 1 Ltd - 115,403 120,854 114,765

66 Centre Island Hotels Ltd - 113,926 118,508 103,68967 ■ H L T Stakis S P E Ltd - 109,727 143,017 -68 * J.H. Leeke & Sons Ltd - 106,940 95,342 91,40669 * Jurys Hotel Gp. (UK) Ltd - 106,244 102,269 98,78770 * Menzies Hotels Operating Ltd - 99,895 95,319 96,332

71 St. James Court Hotel Ltd - 94,655 94,365 98,01272 Hotel Mgmt. Intl. (Hldgs.) Ltd - 93,876 97,997 86,17273 * Pl Hotel Ltd - 93,528 97,794 112,35474 Firoka (Kings Cross) Ltd 86,695 91,160 91,807 130,23575 London Britannia Hotel Ltd - 88,676 90,445 89,252

76 Curzon Hotels (Operator) Ltd - 80,619 100,774 76,01377 Gloucester Capital Ltd - 77,548 81,478 84,21578 Kensington Close Hotel Ltd - 77,335 77,523 76,58579 * Paragon Hotels Ltd - 75,937 77,139 84,29780 ■ De Vere Wokefield Park Ltd - 74,207 118,218 -

81 * Festival Gp. Ltd - 73,535 89,186 90,47682 * Lanesborough Mgmt. Ltd - 72,759 70,684 82,16583 Champneys Henlow Ltd - 69,705 69,694 74,57284 Arora Hotels Ltd - 68,494 69,677 39,99885 London Tara Hotel Ltd - 66,062 66,101 65,188

86 Andrew Brownsword Hotels Ltd - 59,076 59,716 62,18087 Lomondo Ltd - 56,336 57,566 63,17488 Jake Feather Hotels Ltd - 55,778 5,077 4,24289 * Doyle London Hotels Ltd - 55,766 55,830 50,54390 Hastings Hotels Gp. Ltd - 55,668 57,328 53,813

91 * B.D.L Select Hotels Ltd 56,277 54,425 51,751 -92 St. James Hotel Ltd - 50,911 48,003 50,77793 Pennyhill Park Ltd - 46,069 51,940 48,30094 * Forestdale Hotels Ltd - 44,857 49,371 52,99895 Blackfriars Hotels Ltd - 42,912 43,439 44,604

96 North Brit. Trust Hotels Ltd - 41,232 37,672 39,11497 * Peel Hotels PLC - 40,959 31,093 34,26298 Lake District Hotels Ltd - 36,301 29,832 29,00899 F B M London Ltd - 34,305 34,827 33,297

100 G H Hotel Operating Co. Ltd - 34,012 35,749 26,955

101 * Hotel Property Investors U.K. Ltd - 33,072 32,483 38,025102 Chesterfield (Mayfair) Ltd - 32,881 29,840 27,292


Total Assets


LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08

103 * Blackpool Pleasure Beach (Hldgs.) Ltd - 31,007 32,158 38,284104 Leisureplex Ltd - 29,008 18,502 18,220105 * Shearings Hotels Ltd 28,611 28,014 117,376 127,911

106 Crieff Hydro Ltd - 27,914 26,039 25,440107 Strathmore Hotels Ltd - 27,864 27,289 27,294108 The Park Lane Hotel Ltd - 27,082 29,522 35,964109 ■ H L T Stakis Operator Ltd - 26,473 23,435 -110 Rezidor Hotel Manchester Ltd - 26,160 26,566 25,410

111 Brook Hotels Ltd - 25,107 18,254 16,500112 Maple Hotels 1 Ltd - 25,007 24,114 27,649113 Hhr Piccadilly Ltd - 24,272 24,827 27,081114 * M F Wells (Hotels) Ltd - 23,590 22,718 23,497115 * The Barton Grange Gp. Ltd - 23,132 23,075 26,595

116 Park Hotels Mgmt. Ltd - 22,686 15,882 10,770117 Webb Hotels & Travel Ltd - 21,923 22,075 20,367118 * Ramside Estates Ltd - 21,546 21,717 22,053119 St Giles Hotel Ltd - 21,188 16,339 14,567120 Ramside Hldgs. Ltd - 19,034 19,413 20,730

121 * Deckers Restaurants Ltd - 18,305 15,241 15,791122 Manor House Hotel (Okehampton) Ltd - 17,943 17,275 15,798123 Park Hotel Heathrow Ltd - 17,791 18,404 10,854124 Park Tower Hotel Ltd (The) - 17,054 18,149 16,566125 * Marriott Hotels Ltd - 16,613 21,341 18,021

126 Comojo (U.K.) Ltd - 15,076 23,320 24,948127 The Cumberland Guoman Ltd 14,728 14,334 14,763 16,174128 Oxford Hotels & Inns Mgmt. Ltd - 14,127 14,556 16,877129 * Guoman Hotel Mgmt. (UK) Ltd 19,202 13,432 14,965 12,268130 * Percy R.Brend & Sons (Hoteliers) Ltd - 12,853 11,147 15,516

131 Choice Hotels Ltd 11,918 11,966 12,038 12,182132 * J.Townend & Sons (Hull) Ltd - 9,112 8,833 8,412133 Lomar Hotel Co. Ltd - 8,350 7,621 9,681134 Victoria Park Plaza Operator Ltd - 6,694 3,352 2,755135 Rezidor Hotel Stansted Airport Ltd - 5,935 6,099 6,307

136 Templeton Hldgs. Ltd - 5,663 4,694 1,639137 South Bank Hotel Mgmt. Co. Ltd - 5,047 3,458 2,031138 Thistle Barbican Tenant Ltd 3,201 3,317 4,131 3,858139 Riverbank Hotel Operator Ltd - 3,284 2,774 4,945140 Festival Inns Ltd - 2,132 6,316 20,925

- * Yianis Hldgs. Ltd - - 921,582 986,070- ■ Rocco Forte & Family Ltd - - 346,254 262,307- * Longmint Gp. Ltd - - 43,687 41,822


Total Assets


LeagueTablePosition

RecentlyFiled

Accounts

Number of Employees

10/11 09/10 08/09 07/08

THE HOTEL INDUSTRY

1 * Whitbread PLC - 25,794 26,377 27,1412 * L.5.1.N Ltd - 16,073 - -3 Millennium & Copthorne Hotels PLC - 11,131 12,778 12,9574 * De Vere Venice Ltd - 9,227 10,820 9,6845 * Marriott Hotels Ltd - 8,801 8,465 9,304

6 * Macdonald Hotels Ltd - 4,010 4,149 4,6527 * De Vere Village Trading No 1 Ltd - 3,488 4,119 6,0698 * Q.M.H Ltd - 3,320 3,780 3,9719 Endell Gp. Hldgs. Ltd - 3,230 2,989 2,870

10 L.R.G Hotels Ltd - 3,206 3,445 3,058

11 Jarvis Hotels Ltd. - 3,198 3,446 3,65312 * Travelodge Hotels Ltd - 3,179 2,937 2,81913 * Qhotels Gp. Ltd - 3,108 3,047 2,90714 * M W B Gp. Hldgs. PLC - 2,679 2,735 2,46115 Dorchester Gp. Ltd - 2,257 2,370 2,403

16 * Accor UK Bus. & Leisure Hotels Ltd - 2,179 4,124 4,29017 * Shearings Hotels Ltd 1,792 1,786 1,772 1,58118 Maple Hotels 1 Ltd - 1,784 1,826 1,83919 * Edwardian Gp. Ltd - 1,743 1,811 1,78320 Oxford Hotels & Inns Mgmt. Ltd - 1,495 1,952 1,820

21 * Guoman Hotel Hldgs. Ltd 1,328 1,310 1,920 2,02122 Tonstate (Hotels) Ltd - 1,278 1,546 1,57923 * Britannia Hotels Ltd - 1,269 1,187 1,10624 Menzies Hotels Hldgs. Ltd - 1,265 1,534 1,54025 * Menzies Hotels Operating Ltd - 1,265 1,534 1,540

26 * Marston Hotels Ltd - 1,259 1,161 88127 * Percy R.Brend & Sons (Hoteliers) Ltd - 1,151 1,046 1,02728 Hand Picked Hotels Ltd 1,082 1,106 1,011 79429 * Imperial London Hotels Ltd (The) - 1,092 1,103 1,14130 Hastings Hotels Gp. Ltd - 1,085 933 987

31 Accor UK Economy Hotels Ltd - 1,059 1,040 99032 Globalgrange Ltd - 1,043 845 79933 Curzon Hotels (Operator) Ltd - 1,027 1,268 1,55334 Champneys Henlow Ltd - 939 965 94535 * Kew Green Hotels Ltd - 864 906 720

36 * Forestdale Hotels Ltd - 857 949 1,01237 Centre Island Hotels Ltd - 841 700 70638 * J.H. Leeke & Sons Ltd - 781 849 81539 G H Hotel Operating Co. Ltd - 754 805 77340 * Somerston Hotels UK Ltd - 742 757 797

41 De Vere Village Hotels & Leisure Ltd - 734 627 23542 * Blackpool Pleasure Beach (Hldgs.) Ltd - 724 947 97143 Firmdale Hotels PLC - 699 743 73044 * Festival Gp. Ltd - 682 817 80545 * Gleneagles Hotels Ltd 757 682 676 605

46 Chesterfield (Mayfair) Ltd - 662 662 66447 Apex Hotels Ltd - 659 562 55148 * Corus Hotels Ltd - 637 703 79649 Arora Hotels Ltd - 632 613 39650 Venice Antler 1 Ltd - 628 721 684


Number of Employees


LeagueTablePosition

RecentlyFiled

Accounts

Number of Employees

10/11 09/10 08/09 07/08

51 * L.R.G Hotels Gp. (UK) Ltd - 594 684 62052 * Bridgemere UK PLC - 561 524 53453 Ramside Hldgs. Ltd - 556 533 55554 * The Barton Grange Gp. Ltd - 533 550 42155 North Brit. Trust Hotels Ltd - 521 615 621

56 * Hotel Property Investors U.K. Ltd - 507 581 84257 Hotel Mgmt. Intl. (Hldgs.) Ltd - 486 511 50358 Choice Hotels Ltd 428 477 484 50059 Park Hotels Mgmt. Ltd - 471 507 57760 * Ramside Estates Ltd - 454 429 441

61 Claridge’s Hotel Ltd - 453 471 46462 * B.D.L Select Hotels Ltd 447 440 475 -63 * Peel Hotels PLC - 440 389 42564 Strathmore Hotels Ltd - 430 432 41165 Brook Hotels Ltd - 421 533 521

66 ■ Landmark Hotel London Ltd 445 413 - -67 * The Lancaster Landmark Hotel Co. Ltd - 407 874 97768 Crieff Hydro Ltd - 394 406 39169 Andrew Brownsword Hotels Ltd - 386 394 38870 * Deckers Restaurants Ltd - 380 482 430

71 London May Fair Hotel Ltd - 370 394 40872 C.D.L Hotels (U.K.) Ltd - 367 434 46173 Mandarin Oriental Hyde Park Ltd - 363 397 39874 Festival Inns Ltd - 353 534 57675 The Berkeley Hotel Ltd - 349 339 329

76 * Ritz Hotel (London) Ltd (The) - 338 311 33577 Leisureplex Ltd - 333 331 33178 Royal Garden Hotel Ltd - 326 325 33079 Manor House Hotel (Okehampton) Ltd - 321 320 31680 Hotel Inter-Continental London Ltd - 319 317 290

81 * Paragon Hotels Ltd - 314 338 38582 Webb Hotels & Travel Ltd - 312 328 31983 Lake District Hotels Ltd - 310 317 27084 ■ Jake Feather Hotels Ltd - 309 - -85 Churchill Gp. Ltd - 284 291 268

86 London Tara Hotel Ltd - 276 302 29687 The Park Lane Hotel Ltd - 265 274 27488 * Lanesborough Mgmt. Ltd - 260 257 27089 Templeton Hldgs. Ltd - 248 217 790 * M F Wells (Hotels) Ltd - 242 241 233

91 St. James Court Hotel Ltd - 235 255 23592 Hhr Piccadilly Ltd - 228 225 24693 * Quintain Estates & Development PLC - 222 242 23994 Lomondo Ltd - 221 243 23295 Pennyhill Park Ltd - 218 225 256

96 Kensington Close Hotel Ltd - 213 208 19497 Park Tower Hotel Ltd (The) - 211 233 22498 London Britannia Hotel Ltd - 209 260 27299 Prestmade Ltd - 209 207 200

100 * Doyle Hotels (UK) Ltd - 205 210 246

101 Morgans Hotel Gp. London Ltd - 196 209 216102 London L.R.G Hotel Ltd - 190 206 200


Number of Employees


LeagueTablePosition

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Accounts

Number of Employees

10/11 09/10 08/09 07/08

103 Comojo (U.K.) Ltd - 187 220 225104 The Westbury Hotel Ltd - 186 181 162105 * J.Townend & Sons (Hull) Ltd - 180 176 179

106 Riverbank Hotel Operator Ltd - 178 179 183107 Firoka (Kings Cross) Ltd 184 171 191 103108 St Giles Hotel Ltd - 168 165 163109 * Guoman Hotel Mgmt. (UK) Ltd 164 167 296 -110 St. James Hotel Ltd - 165 192 195

111 The Cumberland Guoman Ltd 164 158 201 219112 Rezidor Hotel Manchester Ltd - 154 175 189113 Rezidor Hotel Stansted Airport Ltd - 150 167 201114 Blackfriars Hotels Ltd - 146 163 152115 Gloucester Capital Ltd - 136 163 155

116 * Pbn Hldgs. Ltd - 135 95 93117 Park Hotel Heathrow Ltd - 129 160 208118 Victoria Park Plaza Operator Ltd - 119 130 123119 The Cavendish Hotel (London) Ltd - 104 127 133120 Lomar Hotel Co. Ltd - 103 124 141

121 * Doyle London Hotels Ltd - 102 95 93122 Thistle Barbican Tenant Ltd 93 73 80 108123 F B M London Ltd - 53 53 50124 * Pl Hotel Ltd - 15 - -125 Malmaison & Hotel Du Vin Property Hldgs. Ltd - 3 3 3

126 * Puma Hotels PLC - 2 2 2,433- ■ Rocco Forte & Family Ltd - - 1,273 1,378- * Yianis Hldgs. Ltd - - 296 362- * Longmint Gp. Ltd - - 159 166- * Jurys Hotel Gp. (UK) Ltd - - 138 189

- * Premier Inn Hotels Ltd - - - 3,433- * Paramount Hotels Ltd - - - 1,002- * Adda Hotels - - - -- * De Vere Venues Properties Ltd - - - -- ■ De Vere Wokefield Park Ltd - - - -

- ■ H L T Stakis Operator Ltd - - - -- ■ H L T Stakis S P E Ltd - - - -- * Hilton Intl. Hotels (UK) Ltd - - - -- * Hilton Worldwide Ltd - - - -- ■ Land Securities (Hotels) Ltd - - - -

- ■ Premier Inn Ltd - - - -- ■ South Bank Hotel Mgmt. Co. Ltd - - - -- ■ Splendid Property Co. Ltd - - - -


Number of Employees


LeagueTablePosition

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Accounts

Return on Capital%

10/11 09/10 08/09 07/08 09/10 09/10

Pre-taxProfit

CapitalEmployed

£’000 £’000

THE HOTEL INDUSTRY

1 Park Tower Hotel Ltd (The) - 296.9 382.4 142.2 9,676 3,2592 South Bank Hotel Mgmt. Co. Ltd - 52.7 85.7 133.3 48 913 * Hilton Intl. Hotels (UK) Ltd - 41.2 -484.8 -22.5 64,293 156,0284 Premier Inn Ltd - 39.9 127.4 288.7 102,509 256,7975 C.D.L Hotels (U.K.) Ltd - 35.6 13.7 14.0 13,710 38,537

6 Templeton Hldgs. Ltd - 32.7 57.6 30.8 927 2,8397 Churchill Gp. Ltd - 23.1 32.4 22.6 9,358 40,4548 ■ Land Securities (Hotels) Ltd - 20.9 ^ 1.1 4,600 21,9629 * Accor UK Bus. & Leisure Hotels Ltd - 20.4 16.9 88.8 43,458 213,202

10 The Park Lane Hotel Ltd - 19.9 22.8 21.6 4,476 22,510

11 * Imperial London Hotels Ltd (The) - 16.7 14.5 11.9 19,220 115,02212 London Tara Hotel Ltd - 16.1 17.2 16.3 10,267 63,86713 St Giles Hotel Ltd - 15.2 18.8 16.4 2,181 14,36814 London L.R.G Hotel Ltd - 14.6 13.9 8.2 6,727 46,14915 * M F Wells (Hotels) Ltd - 13.0 13.0 1.2 2,605 19,963

16 Manor House Hotel (Okehampton) Ltd - 12.9 8.5 8.7 1,698 13,13117 F B M London Ltd - 12.5 11.3 9.4 3,943 31,53318 Accor UK Economy Hotels Ltd - 12.1 19.7 74.3 14,138 117,17019 Lomondo Ltd - 11.1 5.2 5.8 5,177 46,66520 Morgans Hotel Gp. London Ltd - 10.3 2.7 3.5 1,448 14,056

21 Lake District Hotels Ltd - 9.7 5.3 7.6 3,071 31,75122 * Whitbread PLC - 8.9 8.7 7.7 204,075 2,289,60023 * Macdonald Hotels Ltd - 8.7 -2.5 27.9 5,130 59,00424 Hastings Hotels Gp. Ltd - 8.5 10.7 10.2 2,791 32,67625 London Britannia Hotel Ltd - 8.4 7.4 8.4 6,614 78,600

26 Leisureplex Ltd - 8.2 8.5 11.4 2,235 27,16827 * The Barton Grange Gp. Ltd - 7.7 -2.5 4.7 1,493 19,37228 * Travelodge Hotels Ltd - 7.3 1.0 2.0 66,500 905,20029 Hotel Inter-Continental London Ltd - 7.3 6.6 -0.7 9,972 136,04630 The Berkeley Hotel Ltd - 7.1 6.5 7.8 15,434 217,073

31 Ramside Hldgs. Ltd - 7.0 5.7 8.4 1,040 14,81832 Strathmore Hotels Ltd - 6.3 4.1 4.7 1,652 26,08233 * Shearings Hotels Ltd -1.3 6.2 -4.7 5.6 1,200 19,37534 * Ramside Estates Ltd - 6.1 7.4 10.5 1,088 17,77735 Claridge’s Hotel Ltd - 6.0 7.6 7.7 16,931 282,385

36 * Blackpool Pleasure Beach (Hldgs.) Ltd - 5.9 -25.0 18.9 975 16,42237 Hotel Mgmt. Intl. (Hldgs.) Ltd - 5.9 7.4 7.3 4,923 83,79038 * Doyle London Hotels Ltd - 5.6 -1.6 6.7 2,675 47,43739 * Lanesborough Mgmt. Ltd - 5.5 7.0 20.7 3,827 69,14040 Webb Hotels & Travel Ltd - 5.1 2.9 3.3 960 18,819

41 Lomar Hotel Co. Ltd - 4.8 40.4 19.9 295 6,13742 Pennyhill Park Ltd - 4.4 2.4 1.3 1,759 40,08643 Oxford Hotels & Inns Mgmt. Ltd - 4.2 5.9 6.5 95 2,25344 ■ H L T Stakis S P E Ltd - 3.8 7.5 - 3,030 79,54545 * J.H. Leeke & Sons Ltd - 3.8 1.8 4.7 3,460 91,912

46 Blackfriars Hotels Ltd - 3.7 6.4 4.7 1,515 41,23947 ■ Jake Feather Hotels Ltd - 3.7 - - 1,794 48,95548 Apex Hotels Ltd - 3.5 1.8 3.9 7,123 201,23449 ■ Landmark Hotel London Ltd 3.9 3.3 - - 6,486 197,76150 Millennium & Copthorne Hotels PLC - 3.3 3.8 7.3 81,900 2,498,200


Return on Capital


LeagueTablePosition

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Accounts

Return on Capital%

10/11 09/10 08/09 07/08 09/10 09/10

Pre-taxProfit

CapitalEmployed

£’000 £’000

51 * Ritz Hotel (London) Ltd (The) - 3.2 -1.8 -2.8 5,226 160,91952 Firoka (Kings Cross) Ltd 3.6 3.0 5.3 5.1 2,523 83,93453 * Jurys Hotel Gp. (UK) Ltd - 3.0 2.9 8.2 3,076 103,21454 * J.Townend & Sons (Hull) Ltd - 2.7 5.8 5.0 155 5,65955 Dorchester Gp. Ltd - 2.6 4.0 5.5 24,553 939,213

56 L.R.G Hotels Ltd - 2.5 3.5 5.4 23,168 929,73357 Mandarin Oriental Hyde Park Ltd - 2.4 2.4 4.4 4,782 198,58358 Brook Hotels Ltd - 2.2 3.3 1.6 400 18,36459 North Brit. Trust Hotels Ltd - 2.1 5.3 2.4 740 34,51560 * Paramount Hotels Ltd - 1.9 1.2 -3.1 2,046 108,406

61 St. James Court Hotel Ltd - 1.8 1.6 1.5 1,531 85,30262 * Deckers Restaurants Ltd - 1.8 3.1 3.1 249 13,87463 St. James Hotel Ltd - 1.8 4.0 4.1 863 49,21564 * Percy R.Brend & Sons (Hoteliers) Ltd - 1.7 678.3 1.5 112 6,57665 * Edwardian Gp. Ltd - 1.6 0.5 1.8 10,994 690,352

66 Choice Hotels Ltd 0.9 1.4 1.8 2.5 120 8,78867 Firmdale Hotels PLC - 1.3 1.8 2.9 2,303 179,05668 Crieff Hydro Ltd - 1.1 2.5 7.8 251 22,89969 * The Lancaster Landmark Hotel Co. Ltd - 1.0 3.4 2.0 2,043 213,07870 The Westbury Hotel Ltd - 0.9 -1.2 -0.8 1,253 139,565

71 Globalgrange Ltd - 0.9 1.0 1.9 3,951 443,58072 * Gleneagles Hotels Ltd -0.3 0.9 3.8 5.3 2,487 292,21273 Champneys Henlow Ltd - 0.8 -3.9 4.0 446 58,53074 Rezidor Hotel Manchester Ltd - 0.7 7.5 8.8 169 24,49075 The Cavendish Hotel (London) Ltd - 0.6 -1.2 -1.3 726 118,710

76 London May Fair Hotel Ltd - 0.6 0.5 0.3 1,824 330,72177 Centre Island Hotels Ltd - -0.1 -0.5 1.7 -68 96,74278 * Peel Hotels PLC - -0.2 2.5 32.5 -74 35,75579 * Premier Inn Hotels Ltd - -0.7 -4.9 60.3 -3,567 511,05180 Royal Garden Hotel Ltd - -0.7 3.8 1.6 -454 61,231

81 * Quintain Estates & Development PLC - -0.9 -12.5 -3.9 -10,149 1,074,63282 Andrew Brownsword Hotels Ltd - -1.3 -3.6 -3.0 -721 56,47683 Tonstate (Hotels) Ltd - -1.3 -0.8 -0.3 -6,423 498,03984 * Guoman Hotel Hldgs. Ltd 0.4 -1.3 7.9 0.1 -9,434 724,20985 * Puma Hotels PLC - -1.3 -6.2 -4.8 -6,237 467,321

86 Prestmade Ltd - -1.6 4.1 3.3 -2,946 181,48087 Splendid Property Co. Ltd - -1.6 1.5 3.9 -2,031 124,47888 * Q.M.H Ltd - -2.0 -0.4 -0.4 -13,000 645,80089 ■ Malmaison & Hotel Du Vin Property Hldgs. Ltd - -2.1 ^ 0.8 -5,015 236,11090 * Corus Hotels Ltd - -2.5 -6.1 3.7 -4,523 180,022

91 * M W B Gp. Hldgs. PLC - -2.7 -3.7 -2.3 -15,422 562,84592 * Pbn Hldgs. Ltd - -3.1 -1.2 -0.1 -9,925 324,81893 * De Vere Village Trading No 1 Ltd - -3.2 -1.1 48.1 -35,558 1,105,60294 * Hilton Worldwide Ltd - -3.5 -4.8 -0.4 -23,927 683,18795 Hhr Piccadilly Ltd - -3.8 -3.9 6.0 -669 17,591

96 * L.R.G Hotels Gp. (UK) Ltd - -3.9 24.9 12.5 -779 19,80797 Comojo (U.K.) Ltd - -4.0 5.2 8.6 -527 13,32198 Kensington Close Hotel Ltd - -4.3 0.6 1.4 -3,081 70,88399 Hand Picked Hotels Ltd -4.7 -5.0 -1.8 -1.1 -8,235 163,159

100 * B.D.L Select Hotels Ltd 0.1 -5.6 1.1 - -2,910 52,132

101 * Bridgemere UK PLC - -5.8 -7.5 -3.0 -7,009 121,400102 ■ Gloucester Capital Ltd - -6.2 -7.9 ^ -3,204 51,698


Return on Capital


LeagueTablePosition

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Accounts

Return on Capital%

10/11 09/10 08/09 07/08 09/10 09/10

Pre-taxProfit

CapitalEmployed

£’000 £’000

103 G H Hotel Operating Co. Ltd - -6.6 26.2 34.8 -286 4,337104 * Britannia Hotels Ltd - -7.1 1.3 -5.3 -6,440 90,408105 Chesterfield (Mayfair) Ltd - -7.3 -13.0 -13.5 -2,177 29,927

106 Rezidor Hotel Stansted Airport Ltd - -7.6 18.8 53.5 -319 4,170107 Jarvis Hotels Ltd. - -9.0 -2.2 2.3 -15,635 173,735108 * Forestdale Hotels Ltd - -10.7 -1.4 7.7 -4,452 41,420109 * Marriott Hotels Ltd - -11.1 11.7 13.5 -569 5,121110 * Pl Hotel Ltd - -11.6 -19.6 -0.6 -8,002 68,807

111 * Somerston Hotels UK Ltd - -13.1 -0.6 -2.3 -39,709 302,713112 * Doyle Hotels (UK) Ltd - -14.1 -26.2 -3.0 -5,443 38,653113 Endell Gp. Hldgs. Ltd - -14.5 -10.9 -8.7 -101,700 701,800114 * Qhotels Gp. Ltd - -17.1 -14.8 -2.7 -68,722 400,788115 Venice Antler 1 Ltd - -18.4 -3.4 -2.5 -3,877 21,108

116 * De Vere Venues Properties Ltd - -20.9 -5.6 -1.9 -75,888 362,992117 * Hotel Property Investors U.K. Ltd - -24.4 11.5 6.3 -5,341 21,914118 * De Vere Venice Ltd - -41.7 -9.7 -11.1 -486,166 1,165,603119 * Marston Hotels Ltd - -42.3 -5.6 4.4 -11,028 26,085120 Curzon Hotels (Operator) Ltd - -60.7 -32.9 -8.7 -24,511 40,363

121 * Adda Hotels - -68.1 4.1 -2.1 -42,584 62,561122 * Festival Gp. Ltd - -74.6 -8.3 -0.8 -11,380 15,251123 * Paragon Hotels Ltd - -101.0 -462.2 -8.3 -1,319 1,306124 ■ H L T Stakis Operator Ltd - -129.8 -61.2 - -6,600 5,085125 Arora Hotels Ltd - -270.6 -73.3 3.7 -6,643 2,455

126 * Guoman Hotel Mgmt. (UK) Ltd -30.1 -346.7 -7.3 ^ -7,623 2,199- * Kew Green Hotels Ltd - ^ 7.9 -74.7 -6,025 -1,907- * Yianis Hldgs. Ltd - - 0.4 0.5 - -- * Longmint Gp. Ltd - - -1.9 -5.0 - -- ■ Rocco Forte & Family Ltd - - -2.0 2.5 - -

- ■ Menzies Hotels Hldgs. Ltd - ^ ^ -20.1 -38,870 -62,702- ■ De Vere Village Hotels & Leisure Ltd - ^ ^ -24.5 2,173 -9,285- ■ Park Hotel Heathrow Ltd - ^ ^ -28.7 -4,582 -4,736- ■ De Vere Wokefield Park Ltd - ^ ^ - -44,172 -56,435- ■ Festival Inns Ltd - ^ ^ ^ -2,731 -9,367

- * L.5.1.N Ltd - ^ - - 39,212 -516,443- ■ Maple Hotels 1 Ltd - ^ ^ ^ -15,431 -26,501- * Menzies Hotels Operating Ltd - ^ ^ ^ -20,077 -38,656- ■ Park Hotels Mgmt. Ltd - ^ ^ ^ -8,117 -15,164- ■ Riverbank Hotel Operator Ltd - ^ ^ ^ 271 -7,051

- ■ The Cumberland Guoman Ltd ^ ^ ^ ^ -4,458 -15,653- ■ Thistle Barbican Tenant Ltd ^ ^ ^ ^ -1,995 -7,892- ■ Victoria Park Plaza Operator Ltd - ^ ^ ^ -460 -1,844

Average of companies with 3 years data 1.5 3.2 5.1Total of companies selected 156,074 10,525,851



Return on Capital


LeagueTablePosition

RecentlyFiled

Accounts

Return on Total Assets%

10/11 09/10 08/09 07/08 09/10 09/10

Pre-taxProfit

TotalAssets

£’000 £’000

THE HOTEL INDUSTRY

1 Park Tower Hotel Ltd (The) - 56.7 59.5 56.5 9,676 17,0542 The Park Lane Hotel Ltd - 16.5 19.0 15.4 4,476 27,0823 Templeton Hldgs. Ltd - 16.4 22.2 15.5 927 5,6634 London Tara Hotel Ltd - 15.5 16.5 15.7 10,267 66,0625 * Imperial London Hotels Ltd (The) - 15.0 12.1 10.0 19,220 128,350

6 * Accor UK Bus. & Leisure Hotels Ltd - 14.8 10.6 50.3 43,458 293,9617 F B M London Ltd - 11.5 10.4 8.7 3,943 34,3058 C.D.L Hotels (U.K.) Ltd - 11.1 10.9 11.1 13,710 123,0289 * M F Wells (Hotels) Ltd - 11.0 10.7 1.0 2,605 23,590

10 St Giles Hotel Ltd - 10.3 14.6 12.5 2,181 21,188

11 Manor House Hotel (Okehampton) Ltd - 9.5 6.4 6.4 1,698 17,94312 Lomondo Ltd - 9.2 4.4 4.9 5,177 56,33613 Lake District Hotels Ltd - 8.5 4.6 6.6 3,071 36,30114 Riverbank Hotel Operator Ltd - 8.3 -17.0 8.6 271 3,28415 Accor UK Economy Hotels Ltd - 7.9 12.3 36.9 14,138 180,085

16 * Whitbread PLC - 7.7 7.7 5.6 204,075 2,647,60017 Leisureplex Ltd - 7.7 7.2 9.2 2,235 29,00818 London Britannia Hotel Ltd - 7.5 7.1 8.1 6,614 88,67619 The Berkeley Hotel Ltd - 6.9 6.3 7.6 15,434 223,04820 Churchill Gp. Ltd - 6.8 8.4 5.5 9,358 137,762

21 * The Barton Grange Gp. Ltd - 6.5 -1.8 2.7 1,493 23,13222 * Travelodge Hotels Ltd - 6.2 0.9 1.7 66,500 1,078,90023 Strathmore Hotels Ltd - 5.9 3.7 4.1 1,652 27,86424 Claridge’s Hotel Ltd - 5.8 7.2 7.4 16,931 294,29425 Ramside Hldgs. Ltd - 5.5 4.3 6.4 1,040 19,034

26 * Lanesborough Mgmt. Ltd - 5.3 2.2 7.0 3,827 72,75927 Hotel Mgmt. Intl. (Hldgs.) Ltd - 5.2 6.6 6.1 4,923 93,87628 * Ramside Estates Ltd - 5.0 6.1 8.5 1,088 21,54629 Hastings Hotels Gp. Ltd - 5.0 6.1 6.2 2,791 55,66830 * Doyle London Hotels Ltd - 4.8 -1.3 5.9 2,675 55,766

31 Premier Inn Ltd - 4.7 7.1 5.1 102,509 2,193,97632 Hotel Inter-Continental London Ltd - 4.5 3.8 -0.4 9,972 219,52633 Webb Hotels & Travel Ltd - 4.4 2.5 2.8 960 21,92334 * Shearings Hotels Ltd -0.9 4.3 -4.2 5.1 1,200 28,01435 Pennyhill Park Ltd - 3.8 1.9 1.1 1,759 46,069

36 London L.R.G Hotel Ltd - 3.8 3.6 2.1 6,727 176,81737 Lomar Hotel Co. Ltd - 3.5 14.5 14.2 295 8,35038 Blackfriars Hotels Ltd - 3.5 6.0 4.5 1,515 42,91239 * J.H. Leeke & Sons Ltd - 3.2 1.4 3.9 3,460 106,94040 ■ Jake Feather Hotels Ltd - 3.2 - - 1,794 55,778

41 ■ Landmark Hotel London Ltd 3.8 3.2 - - 6,486 203,68942 * Blackpool Pleasure Beach (Hldgs.) Ltd - 3.1 -11.7 10.5 975 31,00743 * Ritz Hotel (London) Ltd (The) - 3.1 -1.7 -2.7 5,226 166,26744 Apex Hotels Ltd - 3.0 1.5 3.2 7,123 234,83245 Millennium & Copthorne Hotels PLC - 3.0 3.5 6.5 81,900 2,755,100

46 * Jurys Hotel Gp. (UK) Ltd - 2.9 2.8 8.0 3,076 106,24447 Firoka (Kings Cross) Ltd 3.4 2.8 4.8 4.9 2,523 91,16048 ■ H L T Stakis S P E Ltd - 2.8 4.0 - 3,030 109,72749 Dorchester Gp. Ltd - 2.4 3.7 5.1 24,553 1,041,90250 Mandarin Oriental Hyde Park Ltd - 2.3 2.3 4.2 4,782 205,133


Return on Total Assets


LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08 09/10 09/10

Pre-taxProfit

TotalAssets

£’000 £’000

51 * Hilton Intl. Hotels (UK) Ltd - 2.3 -15.7 -4.2 64,293 2,824,30352 * L.5.1.N Ltd - 2.2 - - 39,212 1,804,89353 North Brit. Trust Hotels Ltd - 1.8 4.5 1.9 740 41,23254 L.R.G Hotels Ltd - 1.8 2.7 4.6 23,168 1,304,88055 * J.Townend & Sons (Hull) Ltd - 1.7 3.7 3.2 155 9,112

56 St. James Hotel Ltd - 1.7 3.9 3.7 863 50,91157 St. James Court Hotel Ltd - 1.6 1.4 1.3 1,531 94,65558 Brook Hotels Ltd - 1.6 2.3 1.2 400 25,10759 * Edwardian Gp. Ltd - 1.5 0.4 1.8 10,994 717,11060 De Vere Village Hotels & Leisure Ltd - 1.4 -1.0 -23.6 2,173 158,317

61 * Deckers Restaurants Ltd - 1.4 2.2 1.9 249 18,30562 Land Securities (Hotels) Ltd - 1.3 1.5 0.2 4,600 348,42463 * Macdonald Hotels Ltd - 1.3 -2.3 23.8 5,130 402,25464 Morgans Hotel Gp. London Ltd - 1.2 2.6 3.4 1,448 116,72265 Firmdale Hotels PLC - 1.2 1.7 2.7 2,303 189,021

66 Choice Hotels Ltd 0.7 1.0 1.3 1.8 120 11,96667 South Bank Hotel Mgmt. Co. Ltd - 1.0 1.4 0.4 48 5,04768 Crieff Hydro Ltd - 0.9 2.1 5.3 251 27,91469 * Percy R.Brend & Sons (Hoteliers) Ltd - 0.9 393.4 1.1 112 12,85370 The Westbury Hotel Ltd - 0.8 -1.1 -0.8 1,253 149,755

71 * Gleneagles Hotels Ltd -0.2 0.8 2.6 3.6 2,487 306,47072 * The Lancaster Landmark Hotel Co. Ltd - 0.8 3.1 2.0 2,043 258,38973 Globalgrange Ltd - 0.8 0.9 1.8 3,951 501,06274 Oxford Hotels & Inns Mgmt. Ltd - 0.7 0.7 0.7 95 14,12775 * Paramount Hotels Ltd - 0.7 0.5 -1.4 2,046 304,790

76 Rezidor Hotel Manchester Ltd - 0.6 6.9 8.0 169 26,16077 Champneys Henlow Ltd - 0.6 -1.3 1.3 446 69,70578 The Cavendish Hotel (London) Ltd - 0.6 -1.2 -1.3 726 120,30579 London May Fair Hotel Ltd - 0.5 0.5 0.3 1,824 336,11880 Centre Island Hotels Ltd - -0.1 -0.4 1.4 -68 113,926

81 * Peel Hotels PLC - -0.2 2.1 28.0 -74 40,95982 * Premier Inn Hotels Ltd - -0.3 -2.3 35.1 -3,567 1,223,48983 Royal Garden Hotel Ltd - -0.3 1.9 1.5 -454 130,51784 * L.R.G Hotels Gp. (UK) Ltd - -0.5 3.7 1.6 -779 154,73385 G H Hotel Operating Co. Ltd - -0.8 3.4 4.0 -286 34,012

86 * Quintain Estates & Development PLC - -0.9 -11.9 -3.8 -10,149 1,114,44187 Malmaison & Hotel Du Vin Property Hldgs. Ltd - -0.9 -7.0 0.5 -5,015 543,16488 Andrew Brownsword Hotels Ltd - -1.2 -3.3 -2.9 -721 59,07689 * Guoman Hotel Hldgs. Ltd 0.2 -1.2 7.6 0.1 -9,434 769,77790 Tonstate (Hotels) Ltd - -1.2 -0.8 -0.3 -6,423 515,745

91 * Puma Hotels PLC - -1.3 -1.7 -4.6 -6,237 481,31392 Prestmade Ltd - -1.5 3.9 3.1 -2,946 192,09993 Splendid Property Co. Ltd - -1.6 1.4 3.7 -2,031 128,17494 * Q.M.H Ltd - -1.6 -0.3 -0.3 -13,000 789,80095 * Paragon Hotels Ltd - -1.7 -13.1 -7.5 -1,319 75,937

96 * Corus Hotels Ltd - -1.9 -4.5 2.8 -4,523 242,11297 * M W B Gp. Hldgs. PLC - -2.3 -1.4 -1.9 -15,422 667,17698 * Hilton Worldwide Ltd - -2.7 -3.5 -0.4 -23,927 881,08799 * Doyle Hotels (UK) Ltd - -2.7 -6.0 -1.0 -5,443 199,084

100 Hhr Piccadilly Ltd - -2.8 -3.0 4.8 -669 24,272

101 * Pbn Hldgs. Ltd - -3.0 -1.2 -0.1 -9,925 336,324102 * De Vere Village Trading No 1 Ltd - -3.0 -1.0 44.9 -35,558 1,173,115




LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08 09/10 09/10

Pre-taxProfit

TotalAssets

£’000 £’000

103 Venice Antler 1 Ltd - -3.4 -2.9 -2.3 -3,877 115,403104 * Marriott Hotels Ltd - -3.4 3.1 3.7 -569 16,613105 Comojo (U.K.) Ltd - -3.5 1.7 7.3 -527 15,076

106 Kensington Close Hotel Ltd - -4.0 0.6 1.3 -3,081 77,335107 Gloucester Capital Ltd - -4.1 -5.3 -4.5 -3,204 77,548108 * Kew Green Hotels Ltd - -4.2 0.2 -2.5 -6,025 144,633109 Hand Picked Hotels Ltd -4.2 -4.6 -1.7 -1.0 -8,235 178,419110 * Bridgemere UK PLC - -4.8 -6.9 -2.7 -7,009 145,093

111 * Britannia Hotels Ltd - -5.1 0.8 -3.4 -6,440 127,251112 * B.D.L Select Hotels Ltd 0.1 -5.3 1.1 - -2,910 54,425113 Rezidor Hotel Stansted Airport Ltd - -5.4 13.9 32.9 -319 5,935114 Chesterfield (Mayfair) Ltd - -6.6 -11.6 -11.9 -2,177 32,881115 Victoria Park Plaza Operator Ltd - -6.9 43.3 53.7 -460 6,694

116 Jarvis Hotels Ltd. - -7.2 -1.8 1.9 -15,635 217,854117 * Marston Hotels Ltd - -8.4 -1.8 1.6 -11,028 131,452118 * Pl Hotel Ltd - -8.6 -15.4 -0.6 -8,002 93,528119 Arora Hotels Ltd - -9.7 -9.6 2.1 -6,643 68,494120 * Forestdale Hotels Ltd - -9.9 -1.3 6.6 -4,452 44,857

121 Endell Gp. Hldgs. Ltd - -12.6 -9.6 -7.7 -101,700 806,600122 * Somerston Hotels UK Ltd - -12.8 -0.6 -2.2 -39,709 309,347123 * Festival Gp. Ltd - -15.5 -6.8 -0.6 -11,380 73,535124 * Qhotels Gp. Ltd - -16.1 -13.9 -2.5 -68,722 427,421125 * Hotel Property Investors U.K. Ltd - -16.1 9.7 4.1 -5,341 33,072

126 Menzies Hotels Hldgs. Ltd - -19.3 -13.2 -2.9 -38,870 201,584127 * Menzies Hotels Operating Ltd - -20.1 -13.6 -5.7 -20,077 99,895128 * De Vere Venues Properties Ltd - -20.6 -5.5 -1.9 -75,888 369,280129 ■ H L T Stakis Operator Ltd - -24.9 -27.5 - -6,600 26,473130 Park Hotel Heathrow Ltd - -25.8 -9.7 -2.9 -4,582 17,791

131 * Adda Hotels - -28.3 2.8 -1.1 -42,584 150,270132 Curzon Hotels (Operator) Ltd - -30.4 -21.4 -5.5 -24,511 80,619133 The Cumberland Guoman Ltd -41.2 -31.1 12.9 -6.2 -4,458 14,334134 Park Hotels Mgmt. Ltd - -35.8 -33.5 -36.3 -8,117 22,686135 * De Vere Venice Ltd - -39.0 -9.1 -10.1 -486,166 1,246,630

136 * Guoman Hotel Mgmt. (UK) Ltd -2.7 -56.8 -5.2 -23.8 -7,623 13,432137 ■ De Vere Wokefield Park Ltd - -59.5 -9.8 - -44,172 74,207138 Thistle Barbican Tenant Ltd -68.0 -60.1 -32.1 -38.7 -1,995 3,317139 Maple Hotels 1 Ltd - -61.7 -32.2 -9.3 -15,431 25,007140 Festival Inns Ltd - -128.1 -57.3 -7.2 -2,731 2,132

- * Yianis Hldgs. Ltd - - 0.3 0.5 - -- * Longmint Gp. Ltd - - -1.5 -4.0 - -- ■ Rocco Forte & Family Ltd - - -1.6 2.2 - -






LeagueTablePosition

RecentlyFiled

Accounts

Pre-tax Profit Margin%

10/11 09/10 08/09 07/08 09/10 09/10

Pre-taxProfit

Sales

£’000 £’000

THE HOTEL INDUSTRY

1 * Hilton Intl. Hotels (UK) Ltd - 114.1 -748.4 -207.7 64,293 56,3472 London Tara Hotel Ltd - 42.8 42.5 42.4 10,267 24,0123 The Berkeley Hotel Ltd - 41.7 34.9 38.9 15,434 37,0384 C.D.L Hotels (U.K.) Ltd - 40.1 37.0 38.9 13,710 34,2245 Park Tower Hotel Ltd (The) - 37.3 36.4 32.1 9,676 25,956

6 London Britannia Hotel Ltd - 35.2 31.0 35.2 6,614 18,7657 Claridge’s Hotel Ltd - 34.8 38.6 39.4 16,931 48,6178 * Imperial London Hotels Ltd (The) - 31.4 24.8 21.0 19,220 61,1559 Churchill Gp. Ltd - 28.9 32.0 22.9 9,358 32,423

10 F B M London Ltd - 27.4 24.2 21.1 3,943 14,408

11 * Jurys Hotel Gp. (UK) Ltd - 25.4 23.2 64.5 3,076 12,11812 London L.R.G Hotel Ltd - 23.5 18.4 10.2 6,727 28,57213 Lake District Hotels Ltd - 23.4 10.9 16.2 3,071 13,10014 * Accor UK Bus. & Leisure Hotels Ltd - 23.0 18.9 87.8 43,458 189,06415 Hotel Inter-Continental London Ltd - 22.9 18.4 -2.5 9,972 43,487

16 * Travelodge Hotels Ltd - 22.6 3.0 6.9 66,500 294,40017 * Doyle London Hotels Ltd - 22.1 -7.2 27.5 2,675 12,12018 Premier Inn Ltd - 21.5 34.7 27.3 102,509 476,08219 ■ Landmark Hotel London Ltd 23.9 21.5 - - 6,486 30,17720 Apex Hotels Ltd - 21.0 10.0 19.6 7,123 33,858

21 The Park Lane Hotel Ltd - 20.3 23.1 23.1 4,476 22,09022 Lomondo Ltd - 20.0 8.9 11.1 5,177 25,84323 * Ritz Hotel (London) Ltd (The) - 18.4 -9.3 -15.3 5,226 28,41224 Firoka (Kings Cross) Ltd 20.2 17.7 23.8 50.1 2,523 14,24325 Land Securities (Hotels) Ltd - 17.5 17.9 3.0 4,600 26,253

26 * Lanesborough Mgmt. Ltd - 16.3 6.5 21.7 3,827 23,47727 Leisureplex Ltd - 16.2 10.6 13.9 2,235 13,76528 * Paramount Hotels Ltd - 15.7 10.8 -12.9 2,046 13,03929 * Whitbread PLC - 14.5 14.9 11.1 204,075 1,407,92530 * M F Wells (Hotels) Ltd - 13.3 12.8 1.4 2,605 19,586

31 L.R.G Hotels Ltd - 13.2 16.5 24.2 23,168 175,64332 St Giles Hotel Ltd - 13.0 14.5 12.0 2,181 16,74333 Millennium & Copthorne Hotels PLC - 12.5 14.6 23.5 81,900 654,00034 Blackfriars Hotels Ltd - 12.3 18.4 14.4 1,515 12,35735 Mandarin Oriental Hyde Park Ltd - 12.3 10.7 19.0 4,782 39,011

36 Manor House Hotel (Okehampton) Ltd - 12.0 8.6 8.0 1,698 14,17537 Hotel Mgmt. Intl. (Hldgs.) Ltd - 11.9 13.4 12.8 4,923 41,22838 Strathmore Hotels Ltd - 11.9 7.7 8.3 1,652 13,91339 Accor UK Economy Hotels Ltd - 11.8 17.4 61.8 14,138 119,70040 ■ Jake Feather Hotels Ltd - 11.5 - - 1,794 15,658

41 Pennyhill Park Ltd - 11.2 5.7 3.0 1,759 15,73142 Dorchester Gp. Ltd - 10.1 16.0 19.8 24,553 243,38743 ■ H L T Stakis S P E Ltd - 9.6 19.1 - 3,030 31,58644 * Edwardian Gp. Ltd - 9.3 2.7 12.0 10,994 118,29245 Hastings Hotels Gp. Ltd - 8.5 10.4 9.9 2,791 32,864

46 * Ramside Estates Ltd - 7.9 9.3 12.6 1,088 13,82047 The Westbury Hotel Ltd - 7.4 -7.4 -6.1 1,253 17,04648 * The Lancaster Landmark Hotel Co. Ltd - 7.2 17.3 10.3 2,043 28,37049 * The Barton Grange Gp. Ltd - 7.1 -2.2 4.9 1,493 21,17550 * Gleneagles Hotels Ltd -2.2 7.0 28.9 41.7 2,487 35,579


Pre-tax Profit Margin


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Sales

£’000 £’000

51 Webb Hotels & Travel Ltd - 6.8 3.4 3.6 960 14,14052 Ramside Hldgs. Ltd - 6.4 5.1 8.3 1,040 16,29453 De Vere Village Hotels & Leisure Ltd - 6.3 -7.6 -144.6 2,173 34,39354 ■ Templeton Hldgs. Ltd - 6.1 7.3 - 927 15,10655 St. James Court Hotel Ltd - 5.9 5.1 5.2 1,531 25,937

56 The Cavendish Hotel (London) Ltd - 5.6 -10.2 -10.7 726 12,90757 Globalgrange Ltd - 5.4 7.4 12.6 3,951 72,81758 London May Fair Hotel Ltd - 5.3 5.1 3.0 1,824 34,38559 * J.H. Leeke & Sons Ltd - 5.3 2.2 5.5 3,460 65,60360 St. James Hotel Ltd - 5.3 10.5 10.4 863 16,393

61 Morgans Hotel Gp. London Ltd - 5.0 9.9 14.0 1,448 28,70162 Firmdale Hotels PLC - 4.6 5.9 8.9 2,303 50,55663 * Macdonald Hotels Ltd - 4.1 -6.9 64.6 5,130 125,99964 * L.5.1.N Ltd - 3.7 - - 39,212 1,067,21465 * Blackpool Pleasure Beach (Hldgs.) Ltd - 3.5 -13.0 11.7 975 28,106

66 North Brit. Trust Hotels Ltd - 3.1 6.8 2.9 740 23,96267 Brook Hotels Ltd - 2.5 2.5 1.2 400 16,06168 * Shearings Hotels Ltd -0.4 1.7 -7.4 11.4 1,200 70,65569 Lomar Hotel Co. Ltd - 1.5 5.2 6.1 295 19,34770 Crieff Hydro Ltd - 1.5 3.4 8.7 251 16,788

71 Champneys Henlow Ltd - 1.4 -2.9 3.3 446 30,95472 Rezidor Hotel Manchester Ltd - 1.2 11.0 12.2 169 13,89373 Riverbank Hotel Operator Ltd - 1.1 -1.9 1.7 271 23,94074 * J.Townend & Sons (Hull) Ltd - 1.0 2.6 2.0 155 15,19075 Choice Hotels Ltd 0.6 0.8 1.1 1.5 120 14,196

76 * Deckers Restaurants Ltd - 0.7 1.0 1.0 249 34,77077 * Percy R.Brend & Sons (Hoteliers) Ltd - 0.4 145.8 0.5 112 30,85278 South Bank Hotel Mgmt. Co. Ltd - 0.3 0.3 0.4 48 19,07479 Oxford Hotels & Inns Mgmt. Ltd - 0.2 0.2 0.2 95 53,36180 Centre Island Hotels Ltd - -0.2 -1.7 4.7 -68 31,841

81 * Marriott Hotels Ltd - -0.4 0.4 0.4 -569 158,39082 G H Hotel Operating Co. Ltd - -0.5 2.3 2.4 -286 57,61183 * Peel Hotels PLC - -0.5 5.2 63.3 -74 14,18684 Royal Garden Hotel Ltd - -2.0 9.7 7.4 -454 22,20485 * L.R.G Hotels Gp. (UK) Ltd - -2.1 12.1 4.6 -779 37,625

86 Rezidor Hotel Stansted Airport Ltd - -2.2 5.0 11.1 -319 14,70887 Victoria Park Plaza Operator Ltd - -2.5 8.0 8.8 -460 18,28188 Hhr Piccadilly Ltd - -3.1 -3.2 5.5 -669 21,84889 Comojo (U.K.) Ltd - -3.6 2.4 10.6 -527 14,48690 * Guoman Hotel Hldgs. Ltd 0.9 -4.7 26.6 0.4 -9,434 198,612

91 * Paragon Hotels Ltd - -5.0 -38.7 -22.1 -1,319 26,52392 * Q.M.H Ltd - -5.2 -1.1 -1.2 -13,000 250,70093 Andrew Brownsword Hotels Ltd - -5.4 -16.5 -15.8 -721 13,31494 * M W B Gp. Hldgs. PLC - -5.4 -3.6 -5.5 -15,422 284,29995 Chesterfield (Mayfair) Ltd - -6.3 -10.0 -9.7 -2,177 34,567

96 Tonstate (Hotels) Ltd - -6.6 -4.0 -1.7 -6,423 97,39197 * Premier Inn Hotels Ltd - -7.9 -82.8 256.5 -3,567 44,95898 Splendid Property Co. Ltd - -10.2 8.9 22.2 -2,031 19,92799 The Cumberland Guoman Ltd -15.2 -10.5 4.1 -2.4 -4,458 42,538

100 Arora Hotels Ltd - -10.6 -12.3 1.9 -6,643 62,603

101 Prestmade Ltd - -11.1 27.6 23.2 -2,946 26,430102 * Bridgemere UK PLC - -11.2 -30.6 -13.3 -7,009 62,788




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Sales

£’000 £’000

103 * Festival Gp. Ltd - -11.7 -5.8 -0.7 -11,380 97,254104 * Britannia Hotels Ltd - -12.3 2.2 -9.2 -6,440 52,249105 Jarvis Hotels Ltd. - -13.1 -3.2 3.5 -15,635 119,135

106 ■ H L T Stakis Operator Ltd - -14.0 -13.4 - -6,600 47,106107 Hand Picked Hotels Ltd -12.3 -14.1 -5.0 -3.2 -8,235 58,347108 * Kew Green Hotels Ltd - -14.5 0.7 -7.2 -6,025 41,660109 Thistle Barbican Tenant Ltd -17.6 -15.2 -9.4 -11.5 -1,995 13,121110 Venice Antler 1 Ltd - -16.6 -13.5 -24.2 -3,877 23,401

111 * Hotel Property Investors U.K. Ltd - -16.8 8.0 3.3 -5,341 31,763112 Maple Hotels 1 Ltd - -16.9 -7.3 -2.3 -15,431 91,273113 * Forestdale Hotels Ltd - -17.0 -2.3 10.9 -4,452 26,171114 * Corus Hotels Ltd - -17.8 -41.5 24.3 -4,523 25,474115 * Quintain Estates & Development PLC - -17.8 -195.5 -117.3 -10,149 56,937

116 Festival Inns Ltd - -18.5 -21.9 -8.4 -2,731 14,797117 Malmaison & Hotel Du Vin Property Hldgs. Ltd - -19.1 -147.2 18.1 -5,015 26,260118 Gloucester Capital Ltd - -19.9 -24.7 -34.2 -3,204 16,108119 * B.D.L Select Hotels Ltd 0.5 -20.3 3.8 - -2,910 14,354120 Kensington Close Hotel Ltd - -20.7 2.7 6.6 -3,081 14,892

121 * Puma Hotels PLC - -20.8 -30.9 -32.7 -6,237 30,000122 * Hilton Worldwide Ltd - -23.3 -30.4 -1.6 -23,927 102,549123 * De Vere Village Trading No 1 Ltd - -23.6 -6.9 202.3 -35,558 150,773124 * Marston Hotels Ltd - -24.3 -5.3 3.9 -11,028 45,334125 Park Hotel Heathrow Ltd - -25.1 -8.3 -1.5 -4,582 18,264

126 Curzon Hotels (Operator) Ltd - -30.0 -23.7 -4.0 -24,511 81,806127 Park Hotels Mgmt. Ltd - -30.9 -20.1 -14.3 -8,117 26,309128 * Doyle Hotels (UK) Ltd - -32.8 -68.1 -9.3 -5,443 16,580129 Endell Gp. Hldgs. Ltd - -34.2 -27.0 -25.9 -101,700 297,300130 * Adda Hotels - -34.9 3.1 -1.5 -42,584 121,877

131 * Pbn Hldgs. Ltd - -43.0 -22.6 -0.6 -9,925 23,088132 * Menzies Hotels Operating Ltd - -49.8 -26.6 -10.2 -20,077 40,338133 * Guoman Hotel Mgmt. (UK) Ltd -2.4 -50.4 -3.7 -17.1 -7,623 15,119134 * Pl Hotel Ltd - -57.9 -103.9 -4.5 -8,002 13,822135 * Somerston Hotels UK Ltd - -58.6 -2.9 -14.0 -39,709 67,707

136 * Qhotels Gp. Ltd - -58.9 -58.0 -12.2 -68,722 116,728137 Menzies Hotels Hldgs. Ltd - -86.3 -62.9 -14.4 -38,870 45,027138 * De Vere Venice Ltd - -104.5 -31.7 -42.8 -486,166 465,127139 * De Vere Venues Properties Ltd - -249.7 -82.4 -26.5 -75,888 30,394140 ■ De Vere Wokefield Park Ltd - -269.4 -71.8 - -44,172 16,396

- * Yianis Hldgs. Ltd - - 4.7 6.9 - -- * Longmint Gp. Ltd - - -2.5 -7.0 - -- ■ Rocco Forte & Family Ltd - - -6.3 6.4 - -






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Accounts

Return on Investment%

10/11 09/10 08/09 07/08 09/10 09/10

Pre-InterestProfit

Investment

£’000 £’000

THE HOTEL INDUSTRY

1 Park Tower Hotel Ltd (The) - 66.9 70.4 68.6 9,676 14,4572 South Bank Hotel Mgmt. Co. Ltd - 50.0 77.6 133.3 54 1083 Riverbank Hotel Operator Ltd - 30.8 -22.6 24.3 433 1,4074 Templeton Hldgs. Ltd - 30.7 51.2 16.2 951 3,0945 * Paramount Hotels Ltd - 21.0 6.8 3.8 22,770 108,406

6 The Park Lane Hotel Ltd - 20.3 22.3 17.5 4,611 22,7567 * Accor UK Bus. & Leisure Hotels Ltd - 17.6 12.0 57.7 43,494 246,5368 * Imperial London Hotels Ltd (The) - 17.1 14.5 13.2 19,695 115,0679 London Tara Hotel Ltd - 15.9 16.8 16.1 10,267 64,470

10 F B M London Ltd - 15.9 16.1 14.8 5,167 32,580

11 St Giles Hotel Ltd - 15.2 18.7 16.4 2,181 14,37012 Manor House Hotel (Okehampton) Ltd - 14.3 10.5 11.4 1,889 13,18913 * M F Wells (Hotels) Ltd - 13.1 13.0 1.2 2,606 19,96314 Lomondo Ltd - 12.0 8.9 9.2 6,034 50,36815 C.D.L Hotels (U.K.) Ltd - 11.4 11.1 11.4 13,710 120,262

16 * Whitbread PLC - 10.6 10.2 8.7 247,147 2,339,90017 Lake District Hotels Ltd - 9.6 6.4 8.9 3,222 33,49718 * The Barton Grange Gp. Ltd - 8.4 -0.2 4.7 1,673 19,86219 Accor UK Economy Hotels Ltd - 8.4 13.2 41.0 14,138 167,90620 Leisureplex Ltd - 8.4 9.8 12.7 2,287 27,276

21 * Lanesborough Mgmt. Ltd - 8.1 6.7 11.8 5,599 69,14022 Hastings Hotels Gp. Ltd - 7.8 11.4 9.8 4,042 51,59823 * Travelodge Hotels Ltd - 7.8 1.8 2.8 78,800 1,007,90024 London Britannia Hotel Ltd - 7.6 7.2 8.2 6,628 87,25025 * L.5.1.N Ltd - 7.6 - - 117,444 1,551,812

26 Hotel Mgmt. Intl. (Hldgs.) Ltd - 7.3 9.9 9.5 6,368 87,61827 Land Securities (Hotels) Ltd - 7.2 7.7 5.1 24,936 347,37728 Ramside Hldgs. Ltd - 7.2 7.4 10.2 1,140 15,90629 Morgans Hotel Gp. London Ltd - 7.2 8.7 8.9 8,203 114,55630 Strathmore Hotels Ltd - 7.1 6.7 7.4 1,850 26,082

31 Churchill Gp. Ltd - 7.1 9.9 7.3 9,557 134,85732 The Berkeley Hotel Ltd - 7.1 6.5 7.8 15,434 218,04033 Blackfriars Hotels Ltd - 6.8 10.4 9.1 2,805 41,23934 St. James Hotel Ltd - 6.2 9.0 9.6 3,079 49,49935 * Shearings Hotels Ltd -1.3 6.1 -4.6 5.6 1,200 19,533

36 Pennyhill Park Ltd - 6.1 5.8 5.2 2,573 41,98937 * Ramside Estates Ltd - 6.1 7.9 11.0 1,136 18,66538 Hotel Inter-Continental London Ltd - 6.0 7.6 2.5 12,887 213,57239 Claridge’s Hotel Ltd - 5.9 7.5 7.5 16,931 287,76240 London L.R.G Hotel Ltd - 5.7 8.0 7.2 9,971 174,545

41 Webb Hotels & Travel Ltd - 5.7 5.8 6.4 1,153 20,22242 Prestmade Ltd - 5.6 9.1 6.0 10,282 182,86443 * Macdonald Hotels Ltd - 5.4 3.3 34.8 20,045 368,73444 * Ritz Hotel (London) Ltd (The) - 5.4 4.6 3.5 8,644 160,95045 * Blackpool Pleasure Beach (Hldgs.) Ltd - 5.2 -11.3 16.2 1,299 25,184

46 * Kew Green Hotels Ltd - 5.1 7.2 3.1 6,984 135,61847 * Puma Hotels PLC - 5.1 4.2 0.8 24,064 467,32148 * Doyle London Hotels Ltd - 5.1 -1.4 6.4 2,705 53,39549 ■ Jake Feather Hotels Ltd - 5.0 - - 2,676 53,46250 Choice Hotels Ltd 3.6 5.0 5.5 6.1 481 9,664


Return on Investment


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Accounts


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Pre-InterestProfit

Investment

£’000 £’000

51 Lomar Hotel Co. Ltd - 4.8 40.4 19.9 295 6,13752 Champneys Henlow Ltd - 4.7 3.2 5.2 2,787 58,70553 Premier Inn Ltd - 4.7 7.7 5.1 102,509 2,192,26754 * Deckers Restaurants Ltd - 4.5 6.5 7.0 618 13,87455 Mandarin Oriental Hyde Park Ltd - 4.4 5.9 8.0 8,744 200,264

56 Brook Hotels Ltd - 4.3 7.2 7.1 867 20,32157 Apex Hotels Ltd - 4.2 1.8 3.5 9,814 231,23458 Tonstate (Hotels) Ltd - 4.2 4.5 4.9 21,097 498,03959 * Hilton Intl. Hotels (UK) Ltd - 4.1 -11.6 0.2 114,548 2,816,85660 * Edwardian Gp. Ltd - 4.0 3.2 4.3 27,545 697,211

61 * J.H. Leeke & Sons Ltd - 3.8 2.2 5.2 3,706 97,00762 Globalgrange Ltd - 3.8 3.5 4.5 18,274 485,02463 Venice Antler 1 Ltd - 3.7 4.6 0.9 4,166 111,25464 The Westbury Hotel Ltd - 3.7 2.5 2.8 5,276 142,84765 ■ Landmark Hotel London Ltd 4.0 3.7 - - 7,294 198,052

66 * J.Townend & Sons (Hull) Ltd - 3.5 6.6 6.0 223 6,33367 Millennium & Copthorne Hotels PLC - 3.5 4.4 7.9 91,600 2,606,00068 Dorchester Gp. Ltd - 3.4 5.5 6.9 34,248 998,83869 St. James Court Hotel Ltd - 3.4 4.3 5.0 3,054 91,02970 London May Fair Hotel Ltd - 3.3 3.7 3.5 11,037 331,802

71 The Cavendish Hotel (London) Ltd - 3.3 4.4 4.4 3,861 118,71072 L.R.G Hotels Ltd - 3.2 4.2 6.5 41,418 1,280,71773 Hhr Piccadilly Ltd - 3.2 11.4 17.8 735 22,80174 Crieff Hydro Ltd - 3.2 5.0 8.5 770 24,10575 * Pbn Hldgs. Ltd - 3.0 3.6 6.1 9,944 326,636

76 Firoka (Kings Cross) Ltd 3.7 3.0 5.4 5.3 2,670 88,19177 Gloucester Capital Ltd - 3.0 3.0 1.7 2,224 75,13278 * Jurys Hotel Gp. (UK) Ltd - 2.9 2.9 8.7 3,076 105,13279 ■ H L T Stakis S P E Ltd - 2.9 4.2 - 3,030 103,98280 Centre Island Hotels Ltd - 2.7 2.9 4.9 2,891 108,312

81 Oxford Hotels & Inns Mgmt. Ltd - 2.4 4.3 6.0 131 5,56082 Malmaison & Hotel Du Vin Property Hldgs. Ltd - 2.3 -3.4 2.8 12,712 542,12583 Kensington Close Hotel Ltd - 2.3 7.0 7.4 1,663 73,57284 * The Lancaster Landmark Hotel Co. Ltd - 2.3 4.8 3.6 5,732 254,08285 North Brit. Trust Hotels Ltd - 2.1 5.3 2.4 740 34,568

86 * Peel Hotels PLC - 2.0 3.6 35.2 791 39,09787 * Q.M.H Ltd - 2.0 3.6 4.3 15,000 754,30088 * M W B Gp. Hldgs. PLC - 1.9 2.8 2.3 10,789 579,95289 Firmdale Hotels PLC - 1.8 2.2 3.4 3,290 183,29190 Royal Garden Hotel Ltd - 1.5 5.3 4.9 1,949 125,843

91 De Vere Village Hotels & Leisure Ltd - 1.4 2.7 -21.0 2,173 152,17892 * Percy R.Brend & Sons (Hoteliers) Ltd - 1.4 573.0 1.4 123 8,76893 * L.R.G Hotels Gp. (UK) Ltd - 1.3 7.9 6.3 1,933 151,23994 G H Hotel Operating Co. Ltd - 1.1 37.5 9.9 225 21,01795 * Gleneagles Hotels Ltd -0.3 0.8 2.6 3.7 2,487 298,126

96 * B.D.L Select Hotels Ltd 6.4 0.8 7.4 - 418 52,13297 * Premier Inn Hotels Ltd - 0.7 -0.1 38.5 8,736 1,189,09198 Rezidor Hotel Manchester Ltd - 0.7 7.5 8.8 169 24,49099 * Quintain Estates & Development PLC - 0.6 -10.5 -2.4 6,890 1,076,232

100 * Paragon Hotels Ltd - 0.6 -8.4 0.7 413 71,254

101 Hand Picked Hotels Ltd 0.4 0.3 2.5 3.0 548 163,629102 * Doyle Hotels (UK) Ltd - -0.1 -1.5 2.6 -149 194,877




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Accounts


10/11 09/10 08/09 07/08 09/10 09/10

Pre-InterestProfit

Investment

£’000 £’000

103 Comojo (U.K.) Ltd - -1.1 6.0 12.9 -146 13,603104 * Corus Hotels Ltd - -1.1 -2.8 4.5 -2,597 237,760105 Andrew Brownsword Hotels Ltd - -1.1 -2.5 -2.1 -633 57,323

106 * Guoman Hotel Hldgs. Ltd 3.8 -1.3 7.9 4.3 -9,434 737,111107 Splendid Property Co. Ltd - -1.6 1.5 3.9 -2,031 124,617108 * Hilton Worldwide Ltd - -1.8 -2.1 1.1 -15,348 833,659109 * De Vere Village Trading No 1 Ltd - -3.1 0.4 48.8 -35,107 1,116,997110 * Bridgemere UK PLC - -3.3 -5.1 0.3 -4,397 131,550

111 * Pl Hotel Ltd - -4.0 -10.6 4.0 -3,632 91,269112 * Marston Hotels Ltd - -4.4 2.9 6.3 -5,518 126,118113 * Britannia Hotels Ltd - -5.3 2.2 -2.5 -5,820 109,197114 * Somerston Hotels UK Ltd - -5.6 6.9 2.5 -16,876 302,722115 * Marriott Hotels Ltd - -5.6 9.4 9.3 -351 6,223

116 Chesterfield (Mayfair) Ltd - -5.8 -8.9 -8.6 -1,732 29,963117 Jarvis Hotels Ltd. - -6.4 -0.3 2.2 -12,346 194,355118 * Forestdale Hotels Ltd - -6.7 3.4 14.0 -2,790 41,455119 Rezidor Hotel Stansted Airport Ltd - -7.2 17.9 53.5 -319 4,408120 Endell Gp. Hldgs. Ltd - -7.6 -3.0 3.6 -53,400 701,800

121 * Qhotels Gp. Ltd - -8.5 -7.2 3.9 -34,573 406,536122 Victoria Park Plaza Operator Ltd - -9.3 82.8 110.3 -460 4,960123 Arora Hotels Ltd - -9.4 -9.5 8.3 -5,696 60,903124 Menzies Hotels Hldgs. Ltd - -11.7 -5.7 3.1 -22,890 196,048125 * Festival Gp. Ltd - -12.6 -3.2 3.1 -8,091 64,372

126 * Menzies Hotels Operating Ltd - -13.5 -4.3 2.6 -12,825 95,247127 * Hotel Property Investors U.K. Ltd - -18.3 11.2 4.9 -5,341 29,143128 * De Vere Venues Properties Ltd - -20.9 -1.5 4.2 -75,888 362,992129 Park Hotel Heathrow Ltd - -27.4 -10.2 -3.3 -4,582 16,716130 * De Vere Venice Ltd - -30.2 -0.8 -2.9 -352,405 1,168,814

131 * Adda Hotels - -31.6 3.3 -0.5 -42,584 134,732132 The Cumberland Guoman Ltd -57.5 -31.8 31.2 -1.3 -3,325 10,444133 ■ H L T Stakis Operator Ltd - -33.1 -36.4 - -6,486 19,616134 Curzon Hotels (Operator) Ltd - -42.7 -20.9 5.4 -17,454 40,870135 Park Hotels Mgmt. Ltd - -50.9 -59.0 -62.8 -8,116 15,957

136 * Guoman Hotel Mgmt. (UK) Ltd -1.9 -61.5 -5.6 -15.2 -7,623 12,401137 ■ De Vere Wokefield Park Ltd - -61.8 -6.3 - -44,172 71,432138 Maple Hotels 1 Ltd - -120.7 -59.7 -16.6 -15,363 12,728

- * Yianis Hldgs. Ltd - - 4.2 3.8 - -- * Longmint Gp. Ltd - - 3.3 -0.1 - -

- ■ Rocco Forte & Family Ltd - - -0.3 7.4 - -- ■ Festival Inns Ltd - ^ -124.6 -7.9 -2,123 -2,561- ■ Thistle Barbican Tenant Ltd ^ ^ -451.9 -98.5 -1,989 -826






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Accounts

Profit per £ of Pay£

10/11 09/10 08/09 07/08 09/10 09/10

Pre-taxProfit

EmployeePay

£’000 £’000

THE HOTEL INDUSTRY

1 * Hilton Intl. Hotels (UK) Ltd - 5.73 - -10.16 64,293 11,2212 F B M London Ltd - 3.25 2.21 2.22 3,943 1,2133 The Berkeley Hotel Ltd - 2.35 2.15 2.53 15,434 6,5654 Claridge’s Hotel Ltd - 2.17 2.43 2.48 16,931 7,8125 C.D.L Hotels (U.K.) Ltd - 1.95 1.70 1.69 13,710 7,022

6 London Tara Hotel Ltd - 1.89 1.90 1.84 10,267 5,4457 Park Tower Hotel Ltd (The) - 1.86 1.72 1.85 9,676 5,1968 London Britannia Hotel Ltd - 1.52 1.23 1.42 6,614 4,3619 Hotel Inter-Continental London Ltd - 1.35 1.12 -0.12 9,972 7,388

10 * Doyle London Hotels Ltd - 1.15 -0.32 1.38 2,675 2,322

11 * Accor UK Bus. & Leisure Hotels Ltd - 1.13 0.93 4.18 43,458 38,31412 ■ Premier Inn Ltd - 1.12 - - 102,509 91,31113 Churchill Gp. Ltd - 1.12 1.30 0.91 9,358 8,36614 Firoka (Kings Cross) Ltd 1.21 1.12 1.66 3.94 2,523 2,25815 * Travelodge Hotels Ltd - 1.03 0.14 0.31 66,500 64,700

16 London L.R.G Hotel Ltd - 1.01 0.84 0.47 6,727 6,63617 Accor UK Economy Hotels Ltd - 1.00 1.44 5.14 14,138 14,14118 * Imperial London Hotels Ltd (The) - 0.92 0.60 0.56 19,220 20,84419 The Park Lane Hotel Ltd - 0.90 0.95 1.11 4,476 4,99220 Lomondo Ltd - 0.82 0.37 0.45 5,177 6,276

21 * M F Wells (Hotels) Ltd - 0.81 0.76 0.07 2,605 3,22522 Lake District Hotels Ltd - 0.80 0.37 0.56 3,071 3,81523 * Lanesborough Mgmt. Ltd - 0.72 0.29 1.04 3,827 5,28424 Apex Hotels Ltd - 0.72 0.32 0.64 7,123 9,90525 ■ Landmark Hotel London Ltd 0.79 0.68 - - 6,486 9,558

26 * Ritz Hotel (London) Ltd (The) - 0.66 -0.36 -0.60 5,226 7,90527 St Giles Hotel Ltd - 0.65 0.67 0.55 2,181 3,36828 * Whitbread PLC - 0.55 0.55 0.39 204,075 370,37729 Blackfriars Hotels Ltd - 0.53 0.88 0.69 1,515 2,84930 Leisureplex Ltd - 0.49 0.30 0.42 2,235 4,570

31 ■ Jake Feather Hotels Ltd - 0.47 - - 1,794 3,78432 Mandarin Oriental Hyde Park Ltd - 0.47 0.43 0.83 4,782 10,14633 L.R.G Hotels Ltd - 0.45 0.57 0.85 23,168 51,44734 Hotel Mgmt. Intl. (Hldgs.) Ltd - 0.43 0.62 0.55 4,923 11,42735 Millennium & Copthorne Hotels PLC - 0.39 0.48 0.79 81,900 208,400

36 Dorchester Gp. Ltd - 0.38 0.64 0.79 24,553 65,18037 Manor House Hotel (Okehampton) Ltd - 0.38 0.26 0.23 1,698 4,52238 * Edwardian Gp. Ltd - 0.34 0.10 0.47 10,994 32,31839 The Cavendish Hotel (London) Ltd - 0.33 -0.47 -0.49 726 2,19940 Strathmore Hotels Ltd - 0.33 0.21 0.23 1,652 5,077

41 The Westbury Hotel Ltd - 0.32 -0.37 -0.33 1,253 3,96242 Pennyhill Park Ltd - 0.31 0.17 0.09 1,759 5,73343 St. James Court Hotel Ltd - 0.30 0.26 0.28 1,531 5,03644 Webb Hotels & Travel Ltd - 0.30 0.16 0.18 960 3,18545 St. James Hotel Ltd - 0.27 0.51 0.51 863 3,255

46 Hastings Hotels Gp. Ltd - 0.26 0.32 0.32 2,791 10,58347 * The Lancaster Landmark Hotel Co. Ltd - 0.26 0.70 0.41 2,043 7,80148 London May Fair Hotel Ltd - 0.26 0.26 0.15 1,824 7,00549 * J.H. Leeke & Sons Ltd - 0.25 0.09 0.23 3,460 13,60850 * Ramside Estates Ltd - 0.25 0.28 3.89 1,088 4,373


Profit per £ of Pay


LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08 09/10 09/10

Pre-taxProfit

EmployeePay

£’000 £’000

51 Morgans Hotel Gp. London Ltd - 0.24 0.47 0.71 1,448 6,04352 De Vere Village Hotels & Leisure Ltd - 0.23 -0.26 -4.99 2,173 9,39553 * The Barton Grange Gp. Ltd - 0.23 -0.07 0.14 1,493 6,61854 Ramside Hldgs. Ltd - 0.21 0.16 0.25 1,040 4,87055 * L.5.1.N Ltd - 0.21 - - 39,212 187,267

56 * Gleneagles Hotels Ltd -0.06 0.21 0.91 1.37 2,487 12,03557 Globalgrange Ltd - 0.20 0.29 0.52 3,951 19,48058 Templeton Hldgs. Ltd - 0.17 0.22 0.93 927 5,39659 Firmdale Hotels PLC - 0.13 0.17 0.26 2,303 17,32760 * Macdonald Hotels Ltd - 0.10 -0.17 1.71 5,130 49,294

61 * Blackpool Pleasure Beach (Hldgs.) Ltd - 0.10 -0.31 0.31 975 10,09862 North Brit. Trust Hotels Ltd - 0.10 0.21 0.08 740 7,72363 Lomar Hotel Co. Ltd - 0.08 0.24 0.32 295 3,73264 Rezidor Hotel Manchester Ltd - 0.08 0.72 0.69 169 2,22965 Riverbank Hotel Operator Ltd - 0.08 -0.11 0.10 271 3,598

66 Brook Hotels Ltd - 0.07 0.08 0.04 400 5,43767 * Deckers Restaurants Ltd - 0.06 0.09 0.08 249 3,87168 * Shearings Hotels Ltd -0.01 0.06 -0.26 0.38 1,200 19,87469 * J.Townend & Sons (Hull) Ltd - 0.05 0.13 0.10 155 2,89770 Champneys Henlow Ltd - 0.04 -0.08 0.09 446 10,658

71 Crieff Hydro Ltd - 0.04 0.09 0.24 251 6,10672 Choice Hotels Ltd 0.01 0.02 0.03 0.03 120 6,01773 ■ South Bank Hotel Mgmt. Co. Ltd - 0.02 0.02 - 48 2,92374 * Percy R.Brend & Sons (Hoteliers) Ltd - 0.01 3.48 0.01 112 12,89175 Oxford Hotels & Inns Mgmt. Ltd - 0.01 0.00 0.01 95 18,416

76 * Marriott Hotels Ltd - 0.00 0.01 0.01 -569 134,11477 Centre Island Hotels Ltd - -0.01 -0.06 0.17 -68 8,58778 * Peel Hotels PLC - -0.01 0.15 1.99 -74 4,97579 G H Hotel Operating Co. Ltd - -0.02 0.09 0.09 -286 11,44680 Royal Garden Hotel Ltd - -0.05 0.28 0.23 -454 8,665

81 * L.R.G Hotels Gp. (UK) Ltd - -0.08 0.46 0.17 -779 10,26882 Comojo (U.K.) Ltd - -0.12 0.08 0.46 -527 4,43083 Hhr Piccadilly Ltd - -0.14 -0.14 0.27 -669 4,88984 Andrew Brownsword Hotels Ltd - -0.14 -0.38 -0.37 -721 5,05085 Rezidor Hotel Stansted Airport Ltd - -0.15 0.35 0.83 -319 2,093

86 * Q.M.H Ltd - -0.19 -0.04 -0.05 -13,000 69,50087 Chesterfield (Mayfair) Ltd - -0.19 -0.30 -0.29 -2,177 11,40088 Victoria Park Plaza Operator Ltd - -0.21 0.47 0.48 -460 2,19989 * Bridgemere UK PLC - -0.26 -0.53 -0.30 -7,009 27,14990 * M W B Gp. Hldgs. PLC - -0.27 -0.16 -0.26 -15,422 58,164

91 Tonstate (Hotels) Ltd - -0.31 -0.18 -0.08 -6,423 20,53392 * Paragon Hotels Ltd - -0.35 -2.70 -1.58 -1,319 3,81193 Hand Picked Hotels Ltd -0.33 -0.38 -0.15 -0.09 -8,235 21,41894 Jarvis Hotels Ltd. - -0.39 -0.10 0.11 -15,635 40,08095 ■ Splendid Property Co. Ltd - -0.41 0.34 - -2,031 4,928

96 * Britannia Hotels Ltd - -0.43 0.08 -0.32 -6,440 15,05297 * Forestdale Hotels Ltd - -0.47 -0.06 0.31 -4,452 9,44198 Arora Hotels Ltd - -0.48 -0.49 0.11 -6,643 13,71499 * Corus Hotels Ltd - -0.51 -1.20 0.70 -4,523 8,819

100 * Kew Green Hotels Ltd - -0.52 0.03 -0.29 -6,025 11,634

101 Venice Antler 1 Ltd - -0.58 -0.43 -0.76 -3,877 6,684102 * Hotel Property Investors U.K. Ltd - -0.64 0.29 0.12 -5,341 8,405




LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08 09/10 09/10

Pre-taxProfit

EmployeePay

£’000 £’000

103 * B.D.L Select Hotels Ltd 0.02 -0.65 0.13 - -2,910 4,471104 Festival Inns Ltd - -0.66 -0.70 -0.27 -2,731 4,155105 Maple Hotels 1 Ltd - -0.67 -0.33 -0.11 -15,431 23,177

106 Thistle Barbican Tenant Ltd -0.85 -0.69 -0.45 -0.53 -1,995 2,876107 * Hilton Worldwide Ltd - -0.71 - -0.05 -23,927 33,710108 * Guoman Hotel Hldgs. Ltd 0.04 -0.72 4.19 0.02 -9,434 13,155109 The Cumberland Guoman Ltd -1.06 -0.72 0.45 -0.25 -4,458 6,190110 Prestmade Ltd - -0.73 1.78 1.38 -2,946 4,040

111 * De Vere Village Trading No 1 Ltd - -0.78 -0.21 6.49 -35,558 45,783112 * Marston Hotels Ltd - -0.79 -0.18 0.13 -11,028 13,915113 Kensington Close Hotel Ltd - -0.83 0.13 0.35 -3,081 3,732114 * Quintain Estates & Development PLC - -0.95 -10.85 -3.84 -10,149 10,642115 Gloucester Capital Ltd - -1.04 -1.11 -1.47 -3,204 3,074

116 Curzon Hotels (Operator) Ltd - -1.13 -0.84 -0.14 -24,511 21,766117 * Guoman Hotel Mgmt. (UK) Ltd -0.09 -1.20 -0.08 - -7,623 6,374118 * Doyle Hotels (UK) Ltd - -1.23 -2.44 -0.42 -5,443 4,413119 Park Hotels Mgmt. Ltd - -1.24 -0.82 -0.54 -8,117 6,547120 * Festival Gp. Ltd - -1.30 -0.70 -0.07 -11,380 8,784

121 * Menzies Hotels Operating Ltd - -1.47 -0.81 -0.34 -20,077 13,650122 Endell Gp. Hldgs. Ltd - -1.55 -1.25 -1.16 -101,700 65,800123 * Qhotels Gp. Ltd - -1.90 -1.95 -0.40 -68,722 36,168124 Park Hotel Heathrow Ltd - -2.22 -0.71 -0.11 -4,582 2,068125 Menzies Hotels Hldgs. Ltd - -2.85 -2.01 -0.48 -38,870 13,650

126 * De Vere Venice Ltd - -3.76 -1.17 -4.11 -486,166 129,225127 * Somerston Hotels UK Ltd - -3.92 -0.19 -0.93 -39,709 10,128128 * Pbn Hldgs. Ltd - -4.43 -2.74 -0.10 -9,925 2,240129 * Puma Hotels PLC - -27.00 -102.08 -1.24 -6,237 231

- * Jurys Hotel Gp. (UK) Ltd - - 1.30 2.65 3,076 -

- ■ H L T Stakis S P E Ltd - - 0.62 - 3,030 -- * Yianis Hldgs. Ltd - - 0.35 0.44 - -- * Longmint Gp. Ltd - - -0.12 -0.30 - -- ■ Rocco Forte & Family Ltd - - -0.24 0.28 - -- ■ H L T Stakis Operator Ltd - - -0.50 - -6,600 -

- * Premier Inn Hotels Ltd - - - 7.97 -3,567 -- * Paramount Hotels Ltd - - - -0.50 2,046 -- * Adda Hotels - - - - -42,584 -- * De Vere Venues Properties Ltd - - - - -75,888 -- ■ De Vere Wokefield Park Ltd - - - - -44,172 -

- ■ Land Securities (Hotels) Ltd - - - - 4,600 -- ■ Malmaison & Hotel Du Vin Property Hldgs. Ltd - - - - -5,015 -- * Pl Hotel Ltd - - - - -8,002 -

Average of companies with 3 years data 0.06 0.20 0.42Total of companies selected 55,963 954,025





LeagueTablePosition

RecentlyFiled

Accounts

Asset Utilisation

10/11 09/10 08/09 07/08 09/10 09/10

Sales TotalAssets

£’000 £’000

THE HOTEL INDUSTRY

1 * Marriott Hotels Ltd - 9.53 7.00 8.37 158,390 16,6132 Riverbank Hotel Operator Ltd - 7.29 9.14 5.12 23,940 3,2843 Festival Inns Ltd - 6.94 2.62 0.86 14,797 2,1324 Thistle Barbican Tenant Ltd 3.87 3.96 3.42 3.37 13,121 3,3175 South Bank Hotel Mgmt. Co. Ltd - 3.78 5.14 1.09 19,074 5,047

6 Oxford Hotels & Inns Mgmt. Ltd - 3.78 4.12 3.76 53,361 14,1277 Maple Hotels 1 Ltd - 3.65 4.40 3.98 91,273 25,0078 The Cumberland Guoman Ltd 2.71 2.97 3.16 2.59 42,538 14,3349 Victoria Park Plaza Operator Ltd - 2.73 5.40 6.11 18,281 6,694

10 ■ Templeton Hldgs. Ltd - 2.67 3.05 - 15,106 5,663

11 * Shearings Hotels Ltd 2.45 2.52 0.56 0.45 70,655 28,01412 Rezidor Hotel Stansted Airport Ltd - 2.48 2.77 2.96 14,708 5,93513 * Percy R.Brend & Sons (Hoteliers) Ltd - 2.40 2.70 1.94 30,852 12,85314 Lomar Hotel Co. Ltd - 2.32 2.77 2.34 19,347 8,35015 * Deckers Restaurants Ltd - 1.90 2.12 1.96 34,770 18,305

16 ■ H L T Stakis Operator Ltd - 1.78 2.05 - 47,106 26,47317 G H Hotel Operating Co. Ltd - 1.69 1.52 1.71 57,611 34,01218 * J.Townend & Sons (Hull) Ltd - 1.67 1.42 1.59 15,190 9,11219 Park Tower Hotel Ltd (The) - 1.52 1.64 1.76 25,956 17,05420 * Festival Gp. Ltd - 1.32 1.16 0.91 97,254 73,535

21 Choice Hotels Ltd 1.13 1.19 1.19 1.21 14,196 11,96622 Park Hotels Mgmt. Ltd - 1.16 1.67 2.54 26,309 22,68623 * Guoman Hotel Mgmt. (UK) Ltd 1.12 1.13 1.40 1.39 15,119 13,43224 Chesterfield (Mayfair) Ltd - 1.05 1.16 1.22 34,567 32,88125 Park Hotel Heathrow Ltd - 1.03 1.17 2.02 18,264 17,791

26 Curzon Hotels (Operator) Ltd - 1.01 0.90 1.39 81,806 80,61927 Comojo (U.K.) Ltd - 0.96 0.69 0.69 14,486 15,07628 * Hotel Property Investors U.K. Ltd - 0.96 1.21 1.25 31,763 33,07229 * The Barton Grange Gp. Ltd - 0.92 0.81 0.54 21,175 23,13230 Arora Hotels Ltd - 0.91 0.78 1.06 62,603 68,494

31 * Blackpool Pleasure Beach (Hldgs.) Ltd - 0.91 0.90 0.90 28,106 31,00732 Hhr Piccadilly Ltd - 0.90 0.93 0.88 21,848 24,27233 Ramside Hldgs. Ltd - 0.86 0.84 0.77 16,294 19,03434 * M F Wells (Hotels) Ltd - 0.83 0.84 0.73 19,586 23,59035 The Park Lane Hotel Ltd - 0.82 0.82 0.67 22,090 27,082

36 * Adda Hotels - 0.81 0.90 0.70 121,877 150,27037 St Giles Hotel Ltd - 0.79 1.01 1.04 16,743 21,18838 Manor House Hotel (Okehampton) Ltd - 0.79 0.74 0.80 14,175 17,94339 Accor UK Economy Hotels Ltd - 0.66 0.71 0.60 119,700 180,08540 Webb Hotels & Travel Ltd - 0.64 0.74 0.79 14,140 21,923

41 * Accor UK Bus. & Leisure Hotels Ltd - 0.64 0.56 0.57 189,064 293,96142 * Ramside Estates Ltd - 0.64 0.65 0.67 13,820 21,54643 Brook Hotels Ltd - 0.64 0.93 0.96 16,061 25,10744 * J.H. Leeke & Sons Ltd - 0.61 0.65 0.71 65,603 106,94045 Crieff Hydro Ltd - 0.60 0.62 0.60 16,788 27,914

46 * L.5.1.N Ltd - 0.59 - - 1,067,214 1,804,89347 Hastings Hotels Gp. Ltd - 0.59 0.59 0.63 32,864 55,66848 * Forestdale Hotels Ltd - 0.58 0.59 0.61 26,171 44,85749 North Brit. Trust Hotels Ltd - 0.58 0.66 0.66 23,962 41,23250 Jarvis Hotels Ltd. - 0.55 0.57 0.56 119,135 217,854


Asset Utilisation


LeagueTablePosition

RecentlyFiled

Accounts

Asset Utilisation

10/11 09/10 08/09 07/08 09/10 09/10

Sales TotalAssets

£’000 £’000

51 * Whitbread PLC - 0.53 0.52 0.50 1,407,925 2,647,60052 Rezidor Hotel Manchester Ltd - 0.53 0.62 0.66 13,893 26,16053 Strathmore Hotels Ltd - 0.50 0.48 0.49 13,913 27,86454 * Imperial London Hotels Ltd (The) - 0.48 0.49 0.47 61,155 128,35055 Leisureplex Ltd - 0.47 0.68 0.66 13,765 29,008

56 Lomondo Ltd - 0.46 0.49 0.45 25,843 56,33657 Champneys Henlow Ltd - 0.44 0.45 0.40 30,954 69,70558 Hotel Mgmt. Intl. (Hldgs.) Ltd - 0.44 0.49 0.48 41,228 93,87659 * Bridgemere UK PLC - 0.43 0.23 0.20 62,788 145,09360 * M W B Gp. Hldgs. PLC - 0.43 0.41 0.35 284,299 667,176

61 F B M London Ltd - 0.42 0.43 0.41 14,408 34,30562 * Britannia Hotels Ltd - 0.41 0.37 0.37 52,249 127,25163 * Menzies Hotels Operating Ltd - 0.40 0.51 0.56 40,338 99,89564 * De Vere Venice Ltd - 0.37 0.29 0.24 465,127 1,246,63065 Endell Gp. Hldgs. Ltd - 0.37 0.36 0.30 297,300 806,600

66 London Tara Hotel Ltd - 0.36 0.39 0.37 24,012 66,06267 Lake District Hotels Ltd - 0.36 0.42 0.40 13,100 36,30168 * Paragon Hotels Ltd - 0.35 0.34 0.34 26,523 75,93769 * Peel Hotels PLC - 0.35 0.41 0.44 14,186 40,95970 * Marston Hotels Ltd - 0.34 0.34 0.41 45,334 131,452

71 Pennyhill Park Ltd - 0.34 0.33 0.35 15,731 46,06972 Hand Picked Hotels Ltd 0.34 0.33 0.33 0.31 58,347 178,41973 * Lanesborough Mgmt. Ltd - 0.32 0.34 0.32 23,477 72,75974 St. James Hotel Ltd - 0.32 0.37 0.36 16,393 50,91175 * Q.M.H Ltd - 0.32 0.29 0.28 250,700 789,800

76 * Macdonald Hotels Ltd - 0.31 0.33 0.37 125,999 402,25477 * Kew Green Hotels Ltd - 0.29 0.30 0.34 41,660 144,63378 Blackfriars Hotels Ltd - 0.29 0.33 0.31 12,357 42,91279 ■ H L T Stakis S P E Ltd - 0.29 0.21 - 31,586 109,72780 ■ Jake Feather Hotels Ltd - 0.28 - - 15,658 55,778

81 Centre Island Hotels Ltd - 0.28 0.25 0.31 31,841 113,92682 C.D.L Hotels (U.K.) Ltd - 0.28 0.29 0.29 34,224 123,02883 St. James Court Hotel Ltd - 0.27 0.28 0.26 25,937 94,65584 * Qhotels Gp. Ltd - 0.27 0.24 0.21 116,728 427,42185 * Travelodge Hotels Ltd - 0.27 0.29 0.25 294,400 1,078,900

86 Firmdale Hotels PLC - 0.27 0.29 0.30 50,556 189,02187 * B.D.L Select Hotels Ltd 0.28 0.26 0.28 - 14,354 54,42588 * Guoman Hotel Hldgs. Ltd 0.26 0.26 0.28 0.26 198,612 769,77789 Morgans Hotel Gp. London Ltd - 0.25 0.26 0.24 28,701 116,72290 * L.R.G Hotels Gp. (UK) Ltd - 0.24 0.30 0.35 37,625 154,733

91 Millennium & Copthorne Hotels PLC - 0.24 0.24 0.28 654,000 2,755,10092 Churchill Gp. Ltd - 0.24 0.26 0.24 32,423 137,76293 Dorchester Gp. Ltd - 0.23 0.23 0.26 243,387 1,041,90294 Andrew Brownsword Hotels Ltd - 0.23 0.20 0.18 13,314 59,07695 Menzies Hotels Hldgs. Ltd - 0.22 0.21 0.20 45,027 201,584

96 ■ De Vere Wokefield Park Ltd - 0.22 0.14 - 16,396 74,20797 * Somerston Hotels UK Ltd - 0.22 0.21 0.16 67,707 309,34798 * Doyle London Hotels Ltd - 0.22 0.18 0.22 12,120 55,76699 De Vere Village Hotels & Leisure Ltd - 0.22 0.13 0.16 34,393 158,317

100 Premier Inn Ltd - 0.22 0.20 0.19 476,082 2,193,976

101 London Britannia Hotel Ltd - 0.21 0.23 0.23 18,765 88,676102 Gloucester Capital Ltd - 0.21 0.22 0.13 16,108 77,548


Asset Utilisation


LeagueTablePosition

RecentlyFiled

Accounts

Asset Utilisation

10/11 09/10 08/09 07/08 09/10 09/10

Sales TotalAssets

£’000 £’000

103 Venice Antler 1 Ltd - 0.20 0.21 0.10 23,401 115,403104 Hotel Inter-Continental London Ltd - 0.20 0.20 0.17 43,487 219,526105 Kensington Close Hotel Ltd - 0.19 0.21 0.20 14,892 77,335

106 Mandarin Oriental Hyde Park Ltd - 0.19 0.21 0.22 39,011 205,133107 Tonstate (Hotels) Ltd - 0.19 0.19 0.18 97,391 515,745108 * Ritz Hotel (London) Ltd (The) - 0.17 0.18 0.17 28,412 166,267109 Royal Garden Hotel Ltd - 0.17 0.19 0.20 22,204 130,517110 The Berkeley Hotel Ltd - 0.17 0.18 0.20 37,038 223,048

111 Claridge’s Hotel Ltd - 0.17 0.19 0.19 48,617 294,294112 * Edwardian Gp. Ltd - 0.16 0.17 0.15 118,292 717,110113 London L.R.G Hotel Ltd - 0.16 0.20 0.21 28,572 176,817114 Firoka (Kings Cross) Ltd 0.17 0.16 0.20 0.10 14,243 91,160115 Splendid Property Co. Ltd - 0.16 0.16 0.17 19,927 128,174

116 ■ Landmark Hotel London Ltd 0.16 0.15 - - 30,177 203,689117 * Pl Hotel Ltd - 0.15 0.15 0.13 13,822 93,528118 Globalgrange Ltd - 0.15 0.12 0.14 72,817 501,062119 Apex Hotels Ltd - 0.14 0.15 0.16 33,858 234,832120 Prestmade Ltd - 0.14 0.14 0.13 26,430 192,099

121 L.R.G Hotels Ltd - 0.13 0.16 0.19 175,643 1,304,880122 * De Vere Village Trading No 1 Ltd - 0.13 0.15 0.22 150,773 1,173,115123 * Hilton Worldwide Ltd - 0.12 0.12 0.23 102,549 881,087124 * Gleneagles Hotels Ltd 0.11 0.12 0.09 0.09 35,579 306,470125 * Jurys Hotel Gp. (UK) Ltd - 0.11 0.12 0.12 12,118 106,244

126 The Westbury Hotel Ltd - 0.11 0.15 0.13 17,046 149,755127 * The Lancaster Landmark Hotel Co. Ltd - 0.11 0.18 0.19 28,370 258,389128 The Cavendish Hotel (London) Ltd - 0.11 0.11 0.12 12,907 120,305129 * Corus Hotels Ltd - 0.11 0.11 0.12 25,474 242,112130 London May Fair Hotel Ltd - 0.10 0.10 0.09 34,385 336,118

131 * Doyle Hotels (UK) Ltd - 0.08 0.09 0.10 16,580 199,084132 * De Vere Venues Properties Ltd - 0.08 0.07 0.07 30,394 369,280133 Land Securities (Hotels) Ltd - 0.08 0.08 0.05 26,253 348,424134 * Pbn Hldgs. Ltd - 0.07 0.05 0.15 23,088 336,324135 * Puma Hotels PLC - 0.06 0.06 0.14 30,000 481,313

136 * Quintain Estates & Development PLC - 0.05 0.06 0.03 56,937 1,114,441137 Malmaison & Hotel Du Vin Property Hldgs. Ltd - 0.05 0.05 0.03 26,260 543,164138 * Paramount Hotels Ltd - 0.04 0.04 0.11 13,039 304,790139 * Premier Inn Hotels Ltd - 0.04 0.03 0.14 44,958 1,223,489140 * Hilton Intl. Hotels (UK) Ltd - 0.02 0.02 0.02 56,347 2,824,303

- * Longmint Gp. Ltd - - 0.59 0.58 - -- ■ Rocco Forte & Family Ltd - - 0.26 0.34 - -- * Yianis Hldgs. Ltd - - 0.07 0.07 - -

Average of companies with 3 years data 0.26 0.27 0.27Total of companies selected 4,190,422 15,891,720



Asset Utilisation


LeagueTablePosition

RecentlyFiled

Accounts

Sales / Fixed Assets

10/11 09/10 08/09 07/08 09/10 09/10

Sales FixedAssets

£’000 £’000

THE HOTEL INDUSTRY

1 Festival Inns Ltd - 411.0 50.6 10.2 14,797 362 * Marriott Hotels Ltd - 258.4 188.3 150.4 158,390 6133 Rezidor Hotel Stansted Airport Ltd - 63.9 56.1 55.8 14,708 2304 Rezidor Hotel Manchester Ltd - 38.3 36.1 38.3 13,893 3635 * Quintain Estates & Development PLC - 21.0 16.0 16.9 56,937 2,716

6 Oxford Hotels & Inns Mgmt. Ltd - 19.9 22.8 22.7 53,361 2,6867 The Cumberland Guoman Ltd 18.1 18.9 20.7 19.5 42,538 2,2458 Maple Hotels 1 Ltd - 12.8 29.9 19.0 91,273 7,1489 Park Tower Hotel Ltd (The) - 7.6 9.1 7.7 25,956 3,431

10 Thistle Barbican Tenant Ltd 7.2 7.2 7.9 12.5 13,121 1,827

11 Lomar Hotel Co. Ltd - 6.2 15.2 16.3 19,347 3,14212 * Accor UK Bus. & Leisure Hotels Ltd - 5.5 6.6 8.1 189,064 34,09213 * Percy R.Brend & Sons (Hoteliers) Ltd - 5.2 6.1 2.1 30,852 5,90614 * Shearings Hotels Ltd 4.5 5.0 5.1 5.1 70,655 14,00315 ■ Templeton Hldgs. Ltd - 4.8 8.3 - 15,106 3,175

16 * J.Townend & Sons (Hull) Ltd - 4.2 3.4 3.5 15,190 3,59717 ■ H L T Stakis Operator Ltd - 3.7 3.1 - 47,106 12,60218 Endell Gp. Hldgs. Ltd - 3.6 3.3 3.0 297,300 82,90019 G H Hotel Operating Co. Ltd - 3.2 3.2 3.3 57,611 17,90620 The Park Lane Hotel Ltd - 2.8 2.8 2.8 22,090 7,867

21 Accor UK Economy Hotels Ltd - 2.7 2.6 2.9 119,700 43,83722 Chesterfield (Mayfair) Ltd - 2.6 2.2 2.2 34,567 13,08723 * Deckers Restaurants Ltd - 2.6 2.6 2.5 34,770 13,53024 St Giles Hotel Ltd - 2.5 2.3 2.1 16,743 6,75625 * Hotel Property Investors U.K. Ltd - 2.3 4.6 4.4 31,763 13,603

26 * De Vere Village Trading No 1 Ltd - 2.1 2.1 3.4 150,773 72,99827 * Hilton Worldwide Ltd - 1.9 1.7 2.6 102,549 54,44828 Splendid Property Co. Ltd - 1.8 1.9 1.8 19,927 11,16629 Park Hotels Mgmt. Ltd - 1.8 2.5 7.1 26,309 15,00430 Hhr Piccadilly Ltd - 1.7 1.8 1.9 21,848 12,781

31 Comojo (U.K.) Ltd - 1.7 1.9 1.8 14,486 8,48232 Curzon Hotels (Operator) Ltd - 1.7 2.1 4.8 81,806 49,27733 * Menzies Hotels Operating Ltd - 1.7 1.6 1.9 40,338 24,43534 * Festival Gp. Ltd - 1.6 1.2 1.0 97,254 62,26935 * Guoman Hotel Mgmt. (UK) Ltd 2.5 1.4 1.9 1.6 15,119 10,599

36 Park Hotel Heathrow Ltd - 1.4 1.8 5.2 18,264 12,92637 * L.R.G Hotels Gp. (UK) Ltd - 1.4 1.5 1.5 37,625 26,86738 * Adda Hotels - 1.3 1.1 1.1 121,877 90,52339 * The Barton Grange Gp. Ltd - 1.3 1.1 1.0 21,175 16,69540 * Blackpool Pleasure Beach (Hldgs.) Ltd - 1.2 1.4 1.5 28,106 22,734

41 Choice Hotels Ltd 1.2 1.2 1.2 1.3 14,196 11,53242 Arora Hotels Ltd - 1.2 1.0 1.3 62,603 52,33843 Churchill Gp. Ltd - 1.2 1.2 1.0 32,423 27,48944 Ramside Hldgs. Ltd - 1.1 1.1 1.0 16,294 14,40545 * Marston Hotels Ltd - 1.1 0.9 1.2 45,334 41,046

46 * Ramside Estates Ltd - 1.1 1.1 1.1 13,820 12,96547 * M F Wells (Hotels) Ltd - 1.0 1.0 0.9 19,586 18,98348 * Hilton Intl. Hotels (UK) Ltd - 1.0 1.0 0.9 56,347 55,89949 * L.5.1.N Ltd - 1.0 - - 1,067,214 1,091,93250 * J.H. Leeke & Sons Ltd - 0.9 0.9 1.0 65,603 75,782




LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08 09/10 09/10

Sales FixedAssets

£’000 £’000

51 Brook Hotels Ltd - 0.9 1.3 1.3 16,061 18,83352 Manor House Hotel (Okehampton) Ltd - 0.8 0.8 0.8 14,175 17,11353 L.R.G Hotels Ltd - 0.8 0.9 0.8 175,643 212,97054 * Imperial London Hotels Ltd (The) - 0.8 0.8 0.8 61,155 76,86955 Jarvis Hotels Ltd. - 0.8 0.8 0.8 119,135 155,619

56 Crieff Hydro Ltd - 0.8 0.8 0.7 16,788 22,09057 * Bridgemere UK PLC - 0.7 0.4 0.4 62,788 88,30058 North Brit. Trust Hotels Ltd - 0.7 0.7 0.9 23,962 33,83759 Hastings Hotels Gp. Ltd - 0.7 0.7 0.8 32,864 46,71360 Webb Hotels & Travel Ltd - 0.7 0.8 0.9 14,140 20,387

61 London Tara Hotel Ltd - 0.7 0.7 0.7 24,012 35,40062 * Forestdale Hotels Ltd - 0.6 0.6 0.7 26,171 41,80963 * Whitbread PLC - 0.6 0.6 0.6 1,407,925 2,310,70064 Firmdale Hotels PLC - 0.6 0.6 0.5 50,556 84,92865 Pennyhill Park Ltd - 0.6 0.6 0.6 15,731 26,597

66 Lomondo Ltd - 0.6 0.6 0.6 25,843 45,48067 Strathmore Hotels Ltd - 0.5 0.5 0.5 13,913 25,69968 * Travelodge Hotels Ltd - 0.5 0.5 0.4 294,400 548,60069 F B M London Ltd - 0.5 0.5 0.5 14,408 27,42670 * Premier Inn Hotels Ltd - 0.5 0.3 2.1 44,958 86,347

71 * M W B Gp. Hldgs. PLC - 0.5 0.5 0.4 284,299 559,46672 * Britannia Hotels Ltd - 0.5 0.4 0.4 52,249 103,46573 Leisureplex Ltd - 0.5 0.7 0.7 13,765 27,76774 Hotel Mgmt. Intl. (Hldgs.) Ltd - 0.5 0.6 0.5 41,228 84,48875 Champneys Henlow Ltd - 0.5 0.5 0.5 30,954 63,592

76 ■ H L T Stakis S P E Ltd - 0.4 0.4 - 31,586 70,34777 * Pbn Hldgs. Ltd - 0.4 0.1 0.3 23,088 53,60778 * Gleneagles Hotels Ltd 0.4 0.4 0.5 0.4 35,579 82,76979 * The Lancaster Landmark Hotel Co. Ltd - 0.4 0.4 0.2 28,370 66,10180 * Corus Hotels Ltd - 0.4 0.2 0.3 25,474 60,600

81 Lake District Hotels Ltd - 0.4 0.5 0.4 13,100 32,19982 * De Vere Venice Ltd - 0.4 0.3 0.3 465,127 1,163,05983 * Lanesborough Mgmt. Ltd - 0.4 0.4 0.4 23,477 60,28984 * Paragon Hotels Ltd - 0.4 0.3 0.4 26,523 72,60585 * Peel Hotels PLC - 0.4 0.4 0.5 14,186 39,514

86 Hand Picked Hotels Ltd 0.4 0.3 0.4 0.4 58,347 168,98087 * Q.M.H Ltd - 0.3 0.3 0.3 250,700 734,60088 St. James Hotel Ltd - 0.3 0.4 0.4 16,393 48,15089 * Macdonald Hotels Ltd - 0.3 0.4 0.4 125,999 373,07490 Millennium & Copthorne Hotels PLC - 0.3 0.3 0.4 654,000 1,975,900

91 Centre Island Hotels Ltd - 0.3 0.3 0.4 31,841 97,14192 Blackfriars Hotels Ltd - 0.3 0.4 0.3 12,357 39,01993 Dorchester Gp. Ltd - 0.3 0.3 0.3 243,387 776,35994 * Kew Green Hotels Ltd - 0.3 0.3 0.3 41,660 137,22995 Morgans Hotel Gp. London Ltd - 0.3 0.3 0.3 28,701 98,679

96 Royal Garden Hotel Ltd - 0.3 0.3 0.4 22,204 77,03097 St. James Court Hotel Ltd - 0.3 0.3 0.3 25,937 90,71898 C.D.L Hotels (U.K.) Ltd - 0.3 0.3 0.3 34,224 120,21699 ■ Jake Feather Hotels Ltd - 0.3 - - 15,658 55,379

100 * Qhotels Gp. Ltd - 0.3 0.2 0.2 116,728 414,536

101 Prestmade Ltd - 0.3 0.3 0.3 26,430 94,423102 * Guoman Hotel Hldgs. Ltd 0.3 0.3 0.3 0.3 198,612 726,407




LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08 09/10 09/10

Sales FixedAssets

£’000 £’000

103 ■ De Vere Wokefield Park Ltd - 0.3 0.1 - 16,396 62,769104 De Vere Village Hotels & Leisure Ltd - 0.3 0.2 0.2 34,393 132,653105 * B.D.L Select Hotels Ltd 0.3 0.3 0.3 - 14,354 55,427

106 Andrew Brownsword Hotels Ltd - 0.3 0.3 0.3 13,314 51,743107 Claridge’s Hotel Ltd - 0.2 0.3 0.2 48,617 194,704108 London L.R.G Hotel Ltd - 0.2 0.3 0.3 28,572 114,878109 Menzies Hotels Hldgs. Ltd - 0.2 0.2 0.2 45,027 185,157110 Venice Antler 1 Ltd - 0.2 0.3 0.1 23,401 101,543

111 Kensington Close Hotel Ltd - 0.2 0.2 0.2 14,892 64,940112 Hotel Inter-Continental London Ltd - 0.2 0.2 0.2 43,487 189,905113 * Somerston Hotels UK Ltd - 0.2 0.2 0.2 67,707 297,217114 The Berkeley Hotel Ltd - 0.2 0.2 0.2 37,038 164,022115 Gloucester Capital Ltd - 0.2 0.2 0.1 16,108 71,358

116 * Doyle London Hotels Ltd - 0.2 0.2 0.2 12,120 54,965117 Premier Inn Ltd - 0.2 0.2 0.2 476,082 2,167,175118 Tonstate (Hotels) Ltd - 0.2 0.2 0.2 97,391 443,930119 London Britannia Hotel Ltd - 0.2 0.2 0.2 18,765 87,915120 Mandarin Oriental Hyde Park Ltd - 0.2 0.2 0.2 39,011 188,356

121 * Ritz Hotel (London) Ltd (The) - 0.2 0.2 0.2 28,412 142,565122 Firoka (Kings Cross) Ltd 0.2 0.2 0.2 0.1 14,243 72,778123 * De Vere Venues Properties Ltd - 0.2 0.1 0.1 30,394 158,775124 * Jurys Hotel Gp. (UK) Ltd - 0.2 0.2 0.2 12,118 67,575125 * Edwardian Gp. Ltd - 0.2 0.2 0.2 118,292 683,932

126 * Pl Hotel Ltd - 0.2 0.2 0.1 13,822 83,000127 Globalgrange Ltd - 0.2 0.1 0.2 72,817 464,955128 Apex Hotels Ltd - 0.2 0.2 0.2 33,858 220,970129 ■ Landmark Hotel London Ltd 0.2 0.2 - - 30,177 198,719130 * Doyle Hotels (UK) Ltd - 0.1 0.1 0.2 16,580 129,356

131 The Westbury Hotel Ltd - 0.1 0.2 0.1 17,046 144,707132 London May Fair Hotel Ltd - 0.1 0.1 0.1 34,385 296,458133 The Cavendish Hotel (London) Ltd - 0.1 0.1 0.1 12,907 115,690134 Malmaison & Hotel Du Vin Property Hldgs. Ltd - 0.1 0.1 0.0 26,260 420,704

- * Longmint Gp. Ltd - - 1.6 1.5 - -

- ■ Rocco Forte & Family Ltd - - 0.3 0.5 - -- * Yianis Hldgs. Ltd - - 0.1 0.1 - -- * Paramount Hotels Ltd - ^ 0.1 0.1 13,039 0- * Puma Hotels PLC - ^ 0.1 0.1 30,000 0- ■ Land Securities (Hotels) Ltd - ^ ^ ^ 26,253 0

- ■ Riverbank Hotel Operator Ltd - ^ ^ ^ 23,940 0- ■ South Bank Hotel Mgmt. Co. Ltd - ^ ^ ^ 19,074 0- ■ Victoria Park Plaza Operator Ltd - ^ ^ ^ 18,281 0






LeagueTablePosition

RecentlyFiled

Accounts

Stocks / Sales%

10/11 09/10 08/09 07/08 09/10 09/10

Stocks Sales

£’000 £’000

THE HOTEL INDUSTRY

1 Arora Hotels Ltd - 0.0 0.0 0.0 0 62,6032 * De Vere Venues Properties Ltd - 0.0 0.0 0.0 0 30,3943 F B M London Ltd - 0.0 0.0 0.0 0 14,4084 * Guoman Hotel Mgmt. (UK) Ltd 0.0 0.0 0.0 0.0 0 15,1195 Land Securities (Hotels) Ltd - 0.0 0.0 0.0 0 26,253

6 Malmaison & Hotel Du Vin Property Hldgs. Ltd - 0.0 0.0 0.0 0 26,2607 * Marriott Hotels Ltd - 0.0 0.0 0.0 0 158,3908 * Paramount Hotels Ltd - 0.0 0.0 0.0 0 13,0399 * Puma Hotels PLC - 0.0 0.0 0.0 0 30,000

10 Accor UK Economy Hotels Ltd - 0.1 0.1 0.1 74 119,700

11 The Cumberland Guoman Ltd 0.1 0.1 0.2 0.2 27 42,53812 Premier Inn Ltd - 0.1 0.1 0.1 404 476,08213 Thistle Barbican Tenant Ltd 0.1 0.1 0.2 0.2 15 13,12114 * Somerston Hotels UK Ltd - 0.1 0.1 0.1 82 67,70715 * Pl Hotel Ltd - 0.2 0.2 0.2 21 13,822

16 * Guoman Hotel Hldgs. Ltd 0.2 0.2 0.2 0.2 302 198,61217 Kensington Close Hotel Ltd - 0.2 0.1 0.1 23 14,89218 Park Hotel Heathrow Ltd - 0.2 0.2 0.2 29 18,26419 Prestmade Ltd - 0.2 0.2 0.1 43 26,43020 London Tara Hotel Ltd - 0.2 0.2 0.2 43 24,012

21 Lomar Hotel Co. Ltd - 0.2 0.1 0.2 35 19,34722 C.D.L Hotels (U.K.) Ltd - 0.2 0.2 0.2 62 34,22423 Gloucester Capital Ltd - 0.2 0.1 0.2 32 16,10824 Firoka (Kings Cross) Ltd 0.2 0.2 0.2 0.2 31 14,24325 South Bank Hotel Mgmt. Co. Ltd - 0.2 0.3 1.5 45 19,074

26 * Festival Gp. Ltd - 0.2 0.3 0.3 241 97,25427 The Cavendish Hotel (London) Ltd - 0.2 0.2 0.2 32 12,90728 London L.R.G Hotel Ltd - 0.3 0.2 0.2 72 28,57229 * The Lancaster Landmark Hotel Co. Ltd - 0.3 0.1 0.4 82 28,37030 Hhr Piccadilly Ltd - 0.3 0.4 0.3 64 21,848

31 * Adda Hotels - 0.3 0.3 0.3 366 121,87732 * Accor UK Bus. & Leisure Hotels Ltd - 0.3 0.3 0.3 590 189,06433 Tonstate (Hotels) Ltd - 0.3 0.3 0.4 304 97,39134 London Britannia Hotel Ltd - 0.3 0.3 0.3 61 18,76535 Endell Gp. Hldgs. Ltd - 0.3 0.3 0.3 1,000 297,300

36 * Travelodge Hotels Ltd - 0.3 0.3 0.3 1,000 294,40037 L.R.G Hotels Ltd - 0.3 0.3 0.3 598 175,64338 * Kew Green Hotels Ltd - 0.3 0.3 0.4 145 41,66039 Maple Hotels 1 Ltd - 0.4 0.4 0.4 329 91,27340 * L.R.G Hotels Gp. (UK) Ltd - 0.4 0.4 0.3 137 37,625

41 G H Hotel Operating Co. Ltd - 0.4 1.1 1.3 217 57,61142 Riverbank Hotel Operator Ltd - 0.4 0.3 0.3 91 23,94043 * M F Wells (Hotels) Ltd - 0.4 0.4 0.4 77 19,58644 Blackfriars Hotels Ltd - 0.4 0.3 0.4 51 12,35745 Hotel Inter-Continental London Ltd - 0.4 0.5 0.7 183 43,487

46 ■ Landmark Hotel London Ltd 0.4 0.4 - - 128 30,17747 Centre Island Hotels Ltd - 0.4 0.4 0.4 140 31,84148 * Edwardian Gp. Ltd - 0.5 0.4 0.4 558 118,29249 * Corus Hotels Ltd - 0.5 0.5 2.4 122 25,47450 Pennyhill Park Ltd - 0.5 0.6 0.6 80 15,731


Stocks / Sales


LeagueTablePosition

RecentlyFiled

Accounts

Stocks / Sales%

10/11 09/10 08/09 07/08 09/10 09/10

Stocks Sales

£’000 £’000

51 * Jurys Hotel Gp. (UK) Ltd - 0.5 0.5 0.4 62 12,11852 ■ De Vere Wokefield Park Ltd - 0.5 0.8 - 84 16,39653 ■ H L T Stakis S P E Ltd - 0.5 0.5 - 162 31,58654 * Doyle London Hotels Ltd - 0.5 0.4 0.5 64 12,12055 Rezidor Hotel Stansted Airport Ltd - 0.5 0.6 0.5 78 14,708

56 Morgans Hotel Gp. London Ltd - 0.5 0.8 0.7 155 28,70157 * Premier Inn Hotels Ltd - 0.5 0.2 0.0 245 44,95858 Curzon Hotels (Operator) Ltd - 0.6 0.6 0.5 451 81,80659 London May Fair Hotel Ltd - 0.6 0.4 0.5 197 34,38560 Rezidor Hotel Manchester Ltd - 0.6 0.5 0.5 80 13,893

61 Apex Hotels Ltd - 0.6 0.7 0.6 195 33,85862 Webb Hotels & Travel Ltd - 0.6 0.5 0.4 83 14,14063 Splendid Property Co. Ltd - 0.6 0.6 0.6 119 19,92764 * Hotel Property Investors U.K. Ltd - 0.6 0.7 0.6 190 31,76365 * Forestdale Hotels Ltd - 0.6 0.6 0.6 160 26,171

66 Millennium & Copthorne Hotels PLC - 0.6 9.7 11.1 4,200 654,00067 Jarvis Hotels Ltd. - 0.7 0.6 0.6 796 119,13568 Firmdale Hotels PLC - 0.7 0.7 0.6 338 50,55669 St. James Hotel Ltd - 0.7 0.7 0.7 110 16,39370 The Westbury Hotel Ltd - 0.7 0.6 0.3 120 17,046

71 ■ H L T Stakis Operator Ltd - 0.7 0.7 - 332 47,10672 Menzies Hotels Hldgs. Ltd - 0.7 0.6 0.9 318 45,02773 Choice Hotels Ltd 0.8 0.7 0.7 0.6 101 14,19674 Park Tower Hotel Ltd (The) - 0.7 0.7 0.7 190 25,95675 Park Hotels Mgmt. Ltd - 0.7 0.7 0.7 194 26,309

76 North Brit. Trust Hotels Ltd - 0.7 0.6 0.7 179 23,96277 Victoria Park Plaza Operator Ltd - 0.8 0.7 0.8 140 18,28178 * Paragon Hotels Ltd - 0.8 0.7 0.8 206 26,52379 Lake District Hotels Ltd - 0.8 0.6 0.8 102 13,10080 * Menzies Hotels Operating Ltd - 0.8 0.7 0.9 318 40,338

81 Hastings Hotels Gp. Ltd - 0.8 0.8 0.7 261 32,86482 * Peel Hotels PLC - 0.8 0.7 0.6 113 14,18683 * Doyle Hotels (UK) Ltd - 0.9 0.4 0.8 143 16,58084 Leisureplex Ltd - 0.9 0.7 0.8 122 13,76585 * B.D.L Select Hotels Ltd 0.8 0.9 1.0 - 133 14,354

86 * Hilton Intl. Hotels (UK) Ltd - 0.9 0.8 0.7 523 56,34787 St. James Court Hotel Ltd - 0.9 1.0 1.0 245 25,93788 * Q.M.H Ltd - 1.0 1.0 0.9 2,400 250,70089 Lomondo Ltd - 1.0 1.0 0.9 250 25,84390 * Hilton Worldwide Ltd - 1.0 1.2 0.9 993 102,549

91 Hotel Mgmt. Intl. (Hldgs.) Ltd - 1.0 0.9 0.9 431 41,22892 Oxford Hotels & Inns Mgmt. Ltd - 1.1 1.2 1.5 581 53,36193 The Berkeley Hotel Ltd - 1.1 1.1 1.1 422 37,03894 * Ramside Estates Ltd - 1.1 1.3 1.6 158 13,82095 Ramside Hldgs. Ltd - 1.2 1.3 1.6 188 16,294

96 * Percy R.Brend & Sons (Hoteliers) Ltd - 1.2 1.1 1.1 370 30,85297 * Whitbread PLC - 1.2 1.2 1.1 17,000 1,407,92598 Crieff Hydro Ltd - 1.2 1.2 1.3 203 16,78899 Mandarin Oriental Hyde Park Ltd - 1.2 1.2 1.1 472 39,011

100 St Giles Hotel Ltd - 1.2 1.0 1.1 204 16,743

101 * Qhotels Gp. Ltd - 1.2 1.3 1.1 1,452 116,728102 Chesterfield (Mayfair) Ltd - 1.3 1.4 1.2 439 34,567


Stocks / Sales


LeagueTablePosition

RecentlyFiled

Accounts

Stocks / Sales%

10/11 09/10 08/09 07/08 09/10 09/10

Stocks Sales

£’000 £’000

103 Venice Antler 1 Ltd - 1.3 1.3 3.5 299 23,401104 Churchill Gp. Ltd - 1.3 1.2 1.4 415 32,423105 * Marston Hotels Ltd - 1.3 1.4 1.0 581 45,334

106 Festival Inns Ltd - 1.3 1.4 1.4 191 14,797107 ■ Templeton Hldgs. Ltd - 1.3 1.3 - 198 15,106108 * Shearings Hotels Ltd 1.4 1.4 1.4 1.5 974 70,655109 Strathmore Hotels Ltd - 1.4 1.4 1.4 194 13,913110 The Park Lane Hotel Ltd - 1.6 1.4 1.2 363 22,090

111 Andrew Brownsword Hotels Ltd - 1.8 1.7 1.4 233 13,314112 Comojo (U.K.) Ltd - 1.9 2.0 2.3 272 14,486113 De Vere Village Hotels & Leisure Ltd - 2.2 2.9 2.3 741 34,393114 ■ Jake Feather Hotels Ltd - 2.2 - - 347 15,658115 Claridge’s Hotel Ltd - 2.3 2.1 2.3 1,105 48,617

116 * De Vere Village Trading No 1 Ltd - 2.3 1.9 8.8 3,429 150,773117 * Lanesborough Mgmt. Ltd - 2.3 2.1 1.6 547 23,477118 Manor House Hotel (Okehampton) Ltd - 2.6 2.9 2.8 365 14,175119 Champneys Henlow Ltd - 2.7 2.6 2.7 844 30,954120 Dorchester Gp. Ltd - 3.0 3.3 2.5 7,187 243,387

121 Royal Garden Hotel Ltd - 3.1 3.1 2.6 689 22,204122 * Blackpool Pleasure Beach (Hldgs.) Ltd - 3.1 2.6 2.2 873 28,106123 Brook Hotels Ltd - 3.6 3.5 3.3 585 16,061124 Hand Picked Hotels Ltd 3.9 3.9 4.9 8.9 2,249 58,347125 * Deckers Restaurants Ltd - 5.0 2.9 3.7 1,731 34,770

126 * M W B Gp. Hldgs. PLC - 5.0 4.2 3.8 14,306 284,299127 * De Vere Venice Ltd - 5.1 3.5 9.8 23,936 465,127128 Globalgrange Ltd - 5.6 12.5 13.2 4,105 72,817129 * Britannia Hotels Ltd - 5.9 7.4 7.6 3,064 52,249130 * Bridgemere UK PLC - 6.1 32.3 157.5 3,818 62,788

131 * Ritz Hotel (London) Ltd (The) - 6.4 6.2 6.4 1,828 28,412132 * Gleneagles Hotels Ltd 8.0 7.6 10.8 3.5 2,706 35,579133 * Macdonald Hotels Ltd - 8.7 4.3 5.5 10,979 125,999134 * The Barton Grange Gp. Ltd - 11.5 11.7 9.2 2,427 21,175135 * L.5.1.N Ltd - 13.5 - - 144,238 1,067,214

136 * J.Townend & Sons (Hull) Ltd - 21.1 21.4 16.9 3,202 15,190137 * Imperial London Hotels Ltd (The) - 24.1 21.9 20.4 14,735 61,155138 * J.H. Leeke & Sons Ltd - 36.3 33.8 27.0 23,824 65,603139 * Quintain Estates & Development PLC - 49.3 40.3 33.2 28,058 56,937140 * Pbn Hldgs. Ltd - 154.9 177.0 88.0 35,770 23,088

- * Yianis Hldgs. Ltd - - 0.2 0.3 - -- ■ Rocco Forte & Family Ltd - - 3.6 3.4 - -- * Longmint Gp. Ltd - - 7.9 11.5 - -




Stocks / Sales


LeagueTablePosition

RecentlyFiled

Accounts

Debtor Days Outstanding

10/11 09/10 08/09 07/08 09/10 09/10

Debtors Sales

£’000 £’000

THE HOTEL INDUSTRY

1 * Guoman Hotel Mgmt. (UK) Ltd 0 0 0 0 0 15,1192 Malmaison & Hotel Du Vin Property Hldgs. Ltd - 0 0 0 0 26,2603 * Paramount Hotels Ltd - 0 0 4 0 13,0394 * De Vere Venues Properties Ltd - 0 0 52 0 30,3945 * Puma Hotels PLC - 0 0 2 0 30,000

6 * Marriott Hotels Ltd - 0 14 19 0 158,3907 London Tara Hotel Ltd - 1 2 1 56 24,0128 * M F Wells (Hotels) Ltd - 1 1 1 50 19,5869 C.D.L Hotels (U.K.) Ltd - 1 2 3 106 34,224

10 * Festival Gp. Ltd - 1 1 2 303 97,254

11 * Shearings Hotels Ltd 2 1 2 1 281 70,65512 London Britannia Hotel Ltd - 2 3 4 90 18,76513 Choice Hotels Ltd 3 2 1 3 69 14,19614 Lake District Hotels Ltd - 2 2 4 68 13,10015 ■ Templeton Hldgs. Ltd - 2 2 - 96 15,106

16 Manor House Hotel (Okehampton) Ltd - 2 2 1 94 14,17517 Crieff Hydro Ltd - 3 6 2 150 16,78818 Leisureplex Ltd - 3 30 30 130 13,76519 Firmdale Hotels PLC - 4 4 6 537 50,55620 Strathmore Hotels Ltd - 4 3 10 148 13,913

21 Endell Gp. Hldgs. Ltd - 4 6 12 3,600 297,30022 * Travelodge Hotels Ltd - 4 9 17 3,600 294,40023 Accor UK Economy Hotels Ltd - 5 3 4 1,646 119,70024 Premier Inn Ltd - 5 8 9 6,547 476,08225 * Blackpool Pleasure Beach (Hldgs.) Ltd - 5 7 5 398 28,106

26 North Brit. Trust Hotels Ltd - 5 9 10 347 23,96227 * Percy R.Brend & Sons (Hoteliers) Ltd - 6 6 6 505 30,85228 Festival Inns Ltd - 7 8 8 300 14,79729 Blackfriars Hotels Ltd - 8 7 13 266 12,35730 Chesterfield (Mayfair) Ltd - 8 8 9 749 34,567

31 Hand Picked Hotels Ltd 9 8 11 16 1,287 58,34732 Andrew Brownsword Hotels Ltd - 8 9 11 294 13,31433 Champneys Henlow Ltd - 8 8 1 693 30,95434 * Britannia Hotels Ltd - 8 6 11 1,177 52,24935 * Forestdale Hotels Ltd - 8 10 12 603 26,171

36 ■ H L T Stakis S P E Ltd - 9 13 - 788 31,58637 Prestmade Ltd - 9 9 16 684 26,43038 * Pbn Hldgs. Ltd - 10 12 6 601 23,08839 * Ritz Hotel (London) Ltd (The) - 10 8 11 761 28,41240 * Kew Green Hotels Ltd - 10 12 13 1,122 41,660

41 * Somerston Hotels UK Ltd - 10 9 10 1,846 67,70742 ■ H L T Stakis Operator Ltd - 10 15 - 1,286 47,10643 * L.R.G Hotels Gp. (UK) Ltd - 10 10 9 1,078 37,62544 * Hilton Intl. Hotels (UK) Ltd - 11 12 27 1,622 56,34745 * De Vere Village Trading No 1 Ltd - 11 12 12 4,445 150,773

46 St. James Hotel Ltd - 11 11 13 487 16,39347 * Adda Hotels - 11 15 19 3,640 121,87748 Ramside Hldgs. Ltd - 11 14 21 488 16,29449 The Westbury Hotel Ltd - 11 10 9 517 17,04650 ■ Jake Feather Hotels Ltd - 11 - - 475 15,658




LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08 09/10 09/10

Debtors Sales

£’000 £’000

51 F B M London Ltd - 12 12 14 457 14,40852 L.R.G Hotels Ltd - 12 12 14 5,580 175,64353 Menzies Hotels Hldgs. Ltd - 12 13 22 1,435 45,02754 * Doyle London Hotels Ltd - 12 16 13 387 12,12055 Hotel Mgmt. Intl. (Hldgs.) Ltd - 12 13 17 1,319 41,228

56 Morgans Hotel Gp. London Ltd - 12 11 12 929 28,70157 * L.5.1.N Ltd - 12 - - 34,987 1,067,21458 Comojo (U.K.) Ltd - 12 4 9 477 14,48659 Maple Hotels 1 Ltd - 12 17 24 3,062 91,27360 * J.H. Leeke & Sons Ltd - 12 16 13 2,203 65,603

61 * Paragon Hotels Ltd - 12 11 16 892 26,52362 * Ramside Estates Ltd - 13 17 22 482 13,82063 * Peel Hotels PLC - 13 14 15 500 14,18664 Webb Hotels & Travel Ltd - 13 15 15 499 14,14065 * Whitbread PLC - 13 10 10 49,700 1,407,925

66 * Q.M.H Ltd - 13 17 19 8,900 250,70067 * Menzies Hotels Operating Ltd - 13 14 22 1,435 40,33868 De Vere Village Hotels & Leisure Ltd - 13 16 16 1,234 34,39369 Splendid Property Co. Ltd - 13 17 17 719 19,92770 ■ Landmark Hotel London Ltd 30 13 - - 1,101 30,177

71 Centre Island Hotels Ltd - 13 11 13 1,169 31,84172 * Hilton Worldwide Ltd - 13 60 45 3,768 102,54973 The Cavendish Hotel (London) Ltd - 14 21 15 482 12,90774 Pennyhill Park Ltd - 14 10 15 592 15,73175 * Pl Hotel Ltd - 14 28 22 526 13,822

76 Rezidor Hotel Stansted Airport Ltd - 14 13 15 578 14,70877 London May Fair Hotel Ltd - 15 15 25 1,426 34,38578 Globalgrange Ltd - 16 18 25 3,111 72,81779 * The Barton Grange Gp. Ltd - 16 25 28 924 21,17580 * Macdonald Hotels Ltd - 16 18 20 5,506 125,999

81 Millennium & Copthorne Hotels PLC - 16 20 20 28,700 654,00082 * M W B Gp. Hldgs. PLC - 16 17 14 12,566 284,29983 Hhr Piccadilly Ltd - 17 12 17 1,002 21,84884 * Lanesborough Mgmt. Ltd - 17 11 17 1,084 23,47785 Apex Hotels Ltd - 17 17 15 1,592 33,858

86 Jarvis Hotels Ltd. - 17 16 21 5,650 119,13587 * Gleneagles Hotels Ltd 12 17 39 29 1,692 35,57988 Thistle Barbican Tenant Ltd 19 17 27 18 627 13,12189 The Berkeley Hotel Ltd - 18 14 29 1,784 37,03890 * Doyle Hotels (UK) Ltd - 18 14 25 817 16,580

91 * Deckers Restaurants Ltd - 18 9 17 1,735 34,77092 * Marston Hotels Ltd - 18 22 27 2,275 45,33493 Brook Hotels Ltd - 19 13 19 822 16,06194 Hotel Inter-Continental London Ltd - 19 20 23 2,254 43,48795 * De Vere Venice Ltd - 19 23 24 24,178 465,127

96 Royal Garden Hotel Ltd - 19 24 33 1,170 22,20497 * Edwardian Gp. Ltd - 19 17 26 6,257 118,29298 Venice Antler 1 Ltd - 19 24 40 1,250 23,40199 Hastings Hotels Gp. Ltd - 20 27 29 1,771 32,864

100 Tonstate (Hotels) Ltd - 20 19 43 5,339 97,391

101 Gloucester Capital Ltd - 20 24 26 884 16,108102 Park Hotels Mgmt. Ltd - 20 18 20 1,456 26,309




LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08 09/10 09/10

Debtors Sales

£’000 £’000

103 Victoria Park Plaza Operator Ltd - 20 22 25 1,012 18,281104 * Accor UK Bus. & Leisure Hotels Ltd - 21 21 19 10,675 189,064105 Dorchester Gp. Ltd - 21 22 30 13,782 243,387

106 Riverbank Hotel Operator Ltd - 21 18 35 1,357 23,940107 St Giles Hotel Ltd - 21 24 29 973 16,743108 South Bank Hotel Mgmt. Co. Ltd - 22 21 169 1,126 19,074109 London L.R.G Hotel Ltd - 22 19 21 1,690 28,572110 Curzon Hotels (Operator) Ltd - 22 25 22 4,883 81,806

111 * Jurys Hotel Gp. (UK) Ltd - 22 26 22 725 12,118112 Arora Hotels Ltd - 22 28 28 3,848 62,603113 Lomondo Ltd - 23 19 19 1,596 25,843114 * Corus Hotels Ltd - 23 17 19 1,579 25,474115 * Qhotels Gp. Ltd - 23 27 32 7,292 116,728

116 Churchill Gp. Ltd - 23 19 21 2,042 32,423117 Oxford Hotels & Inns Mgmt. Ltd - 23 25 18 3,388 53,361118 Rezidor Hotel Manchester Ltd - 24 15 23 914 13,893119 * The Lancaster Landmark Hotel Co. Ltd - 25 8 24 1,957 28,370120 * B.D.L Select Hotels Ltd 13 25 13 - 995 14,354

121 Firoka (Kings Cross) Ltd 24 26 26 28 1,005 14,243122 St. James Court Hotel Ltd - 26 26 25 1,874 25,937123 ■ De Vere Wokefield Park Ltd - 27 99 - 1,192 16,396124 * Guoman Hotel Hldgs. Ltd 30 27 29 30 14,445 198,612125 * Hotel Property Investors U.K. Ltd - 27 20 25 2,312 31,763

126 Claridge’s Hotel Ltd - 27 40 33 3,623 48,617127 Lomar Hotel Co. Ltd - 27 30 26 1,445 19,347128 * Bridgemere UK PLC - 27 59 28 4,712 62,788129 Kensington Close Hotel Ltd - 29 26 24 1,173 14,892130 The Cumberland Guoman Ltd 32 30 33 33 3,464 42,538

131 G H Hotel Operating Co. Ltd - 30 31 38 4,708 57,611132 The Park Lane Hotel Ltd - 31 38 45 1,877 22,090133 Park Hotel Heathrow Ltd - 33 32 34 1,645 18,264134 * Imperial London Hotels Ltd (The) - 34 40 36 5,684 61,155135 Mandarin Oriental Hyde Park Ltd - 34 28 26 3,654 39,011

136 Park Tower Hotel Ltd (The) - 40 44 50 2,875 25,956137 * J.Townend & Sons (Hull) Ltd - 46 47 47 1,910 15,190138 * Quintain Estates & Development PLC - 62 32 212 9,695 56,937139 * Premier Inn Hotels Ltd - 69 46 2 8,549 44,958140 Land Securities (Hotels) Ltd - 71 98 36 5,074 26,253

- ■ Rocco Forte & Family Ltd - - 11 12 - -- * Yianis Hldgs. Ltd - - 18 16 - -- * Longmint Gp. Ltd - - 45 43 - -

Average of companies with 3 years data 14 16 19Total of companies selected 165,751 4,190,422

Average of companies with 3 years data 14 16 19Total of companies selected 165,751 4,190,422




LeagueTablePosition

RecentlyFiled

Accounts

Current Ratio

10/11 09/10 08/09 07/08 09/10 09/10

CurrentAssets

CurrentLiabilities

£’000 £’000

THE HOTEL INDUSTRY

1 Splendid Property Co. Ltd - 31.66 36.44 32.31 117,008 3,6962 * Gleneagles Hotels Ltd 17.56 15.69 2.45 2.46 223,685 14,2583 Rezidor Hotel Manchester Ltd - 15.45 11.86 10.66 25,797 1,6704 London Tara Hotel Ltd - 13.97 11.85 0.42 30,661 2,1955 * Jurys Hotel Gp. (UK) Ltd - 12.76 16.08 28.89 38,669 3,030

6 The Berkeley Hotel Ltd - 9.88 7.07 6.63 59,020 5,9757 Claridge’s Hotel Ltd - 8.35 5.95 6.38 99,440 11,9098 Firmdale Hotels PLC - 5.11 6.68 4.91 50,917 9,9659 * Pbn Hldgs. Ltd - 4.89 7.62 5.11 56,286 11,506

10 The Park Lane Hotel Ltd - 4.20 4.17 2.64 19,205 4,572

11 * Imperial London Hotels Ltd (The) - 3.76 1.85 2.17 50,091 13,32812 Comojo (U.K.) Ltd - 3.63 0.83 3.52 6,369 1,75513 * Lanesborough Mgmt. Ltd - 3.45 0.19 0.38 12,470 3,61914 Rezidor Hotel Stansted Airport Ltd - 3.23 3.61 2.46 5,705 1,76515 * De Vere Venues Properties Ltd - 2.96 1.90 1.67 18,616 6,288

16 * Travelodge Hotels Ltd - 2.93 3.02 3.25 508,300 173,70017 The Cavendish Hotel (London) Ltd - 2.89 1.14 1.20 4,615 1,59518 Prestmade Ltd - 2.79 2.37 1.94 29,624 10,61919 Andrew Brownsword Hotels Ltd - 2.64 4.14 5.82 6,870 2,60020 Mandarin Oriental Hyde Park Ltd - 2.56 2.26 1.98 16,777 6,550

21 F B M London Ltd - 2.48 2.23 1.37 6,879 2,77222 L.R.G Hotels Ltd - 2.41 2.68 0.12 905,443 375,14723 * Bridgemere UK PLC - 2.39 5.56 6.20 56,614 23,69324 Lomar Hotel Co. Ltd - 2.35 1.27 2.95 5,208 2,21325 Blackfriars Hotels Ltd - 2.33 1.84 2.16 3,893 1,673

26 * Accor UK Bus. & Leisure Hotels Ltd - 2.32 1.78 1.50 187,338 80,75927 Chesterfield (Mayfair) Ltd - 2.31 1.78 1.63 6,813 2,95428 * Quintain Estates & Development PLC - 2.29 1.10 1.91 91,210 39,80929 * J.H. Leeke & Sons Ltd - 2.13 1.54 1.47 31,950 15,02830 St Giles Hotel Ltd - 2.07 2.38 2.08 14,114 6,820

31 Tonstate (Hotels) Ltd - 1.83 1.22 1.36 32,426 17,70632 * Somerston Hotels UK Ltd - 1.83 1.59 1.19 12,130 6,63433 Accor UK Economy Hotels Ltd - 1.79 1.56 1.02 112,450 62,91534 * Hotel Property Investors U.K. Ltd - 1.74 4.61 2.07 19,469 11,15835 Hhr Piccadilly Ltd - 1.72 1.99 2.41 11,491 6,681

36 * The Barton Grange Gp. Ltd - 1.71 0.99 1.04 6,437 3,76037 St. James Hotel Ltd - 1.63 2.55 1.41 2,761 1,69638 * J.Townend & Sons (Hull) Ltd - 1.59 1.59 1.51 5,506 3,45339 * Premier Inn Hotels Ltd - 1.45 1.57 2.12 1,033,987 712,43840 Dorchester Gp. Ltd - 1.39 1.71 1.54 142,460 102,689

41 ■ H L T Stakis S P E Ltd - 1.30 1.06 - 39,380 30,18242 Firoka (Kings Cross) Ltd 1.78 1.27 0.92 0.96 9,202 7,22643 * M F Wells (Hotels) Ltd - 1.25 0.96 1.35 4,528 3,62744 Strathmore Hotels Ltd - 1.21 0.70 0.59 2,165 1,78245 * Edwardian Gp. Ltd - 1.19 1.15 1.24 31,853 26,758

46 * Ramside Estates Ltd - 1.18 2.12 2.12 4,459 3,76947 * Ritz Hotel (London) Ltd (The) - 1.16 0.96 0.75 6,202 5,34848 * B.D.L Select Hotels Ltd 1.80 1.13 1.86 - 2,587 2,29349 Ramside Hldgs. Ltd - 1.10 1.07 1.06 4,629 4,21650 Lomondo Ltd - 1.07 0.91 1.23 10,329 9,671


Current Ratio


LeagueTablePosition

RecentlyFiled

Accounts

Current Ratio

10/11 09/10 08/09 07/08 09/10 09/10

CurrentAssets

CurrentLiabilities

£’000 £’000

51 Millennium & Copthorne Hotels PLC - 1.05 1.40 1.22 269,500 256,90052 South Bank Hotel Mgmt. Co. Ltd - 1.02 1.02 1.00 5,047 4,95653 * De Vere Venice Ltd - 1.00 0.92 0.97 80,948 81,02754 Oxford Hotels & Inns Mgmt. Ltd - 0.96 0.93 0.94 11,441 11,87455 * Deckers Restaurants Ltd - 0.94 0.44 0.48 4,183 4,431

56 Hotel Mgmt. Intl. (Hldgs.) Ltd - 0.93 0.96 0.69 9,388 10,08657 * Shearings Hotels Ltd 0.69 0.93 0.70 0.65 8,030 8,63958 North Brit. Trust Hotels Ltd - 0.90 0.51 0.94 6,013 6,71759 * Hilton Worldwide Ltd - 0.88 0.87 0.83 173,971 197,90060 Endell Gp. Hldgs. Ltd - 0.86 0.82 0.97 89,900 104,800

61 Jarvis Hotels Ltd. - 0.84 0.92 0.81 37,258 44,11962 ■ Landmark Hotel London Ltd 1.53 0.84 - - 4,970 5,92863 * Corus Hotels Ltd - 0.80 0.05 0.10 49,595 62,09064 Lake District Hotels Ltd - 0.80 0.51 0.27 3,627 4,55065 Victoria Park Plaza Operator Ltd - 0.78 0.71 0.49 6,694 8,538

66 Curzon Hotels (Operator) Ltd - 0.78 1.28 1.35 31,342 40,25667 * Marriott Hotels Ltd - 0.77 1.29 1.28 8,841 11,49268 Park Tower Hotel Ltd (The) - 0.77 0.82 1.06 10,604 13,79569 * Marston Hotels Ltd - 0.76 0.78 0.90 79,757 105,36770 * Guoman Hotel Hldgs. Ltd 0.16 0.74 1.24 1.24 33,897 45,568

71 London May Fair Hotel Ltd - 0.73 1.33 1.11 3,937 5,39772 * Puma Hotels PLC - 0.73 0.03 0.32 10,183 13,99273 Brook Hotels Ltd - 0.71 0.72 0.83 4,820 6,74374 * Adda Hotels - 0.68 0.50 0.73 59,747 87,70975 Leisureplex Ltd - 0.67 0.44 0.38 1,241 1,840

76 ■ H L T Stakis Operator Ltd - 0.65 0.62 - 13,871 21,38877 * Forestdale Hotels Ltd - 0.64 0.57 0.55 2,207 3,43778 * M W B Gp. Hldgs. PLC - 0.63 0.19 0.62 65,805 104,33179 Centre Island Hotels Ltd - 0.62 0.79 0.73 10,656 17,18480 Hand Picked Hotels Ltd 0.51 0.62 0.68 1.87 9,439 15,260

81 * Britannia Hotels Ltd - 0.62 0.42 0.38 22,698 36,84382 * L.R.G Hotels Gp. (UK) Ltd - 0.58 0.52 0.47 78,744 134,92683 * De Vere Village Trading No 1 Ltd - 0.58 0.84 0.85 39,393 67,51384 Globalgrange Ltd - 0.58 1.73 1.05 33,530 57,48285 * Paramount Hotels Ltd - 0.56 0.48 0.44 109,751 196,384

86 * Menzies Hotels Operating Ltd - 0.54 0.54 0.64 75,460 138,55187 G H Hotel Operating Co. Ltd - 0.54 0.60 0.54 16,106 29,67588 Webb Hotels & Travel Ltd - 0.49 0.54 0.54 1,507 3,10489 The Westbury Hotel Ltd - 0.48 0.90 0.92 4,898 10,19090 London L.R.G Hotel Ltd - 0.47 0.38 0.26 61,939 130,668

91 * Whitbread PLC - 0.47 0.44 0.28 166,700 358,00092 * Qhotels Gp. Ltd - 0.45 0.44 0.52 11,878 26,63393 Pennyhill Park Ltd - 0.43 0.22 1.73 2,598 5,98394 * Pl Hotel Ltd - 0.43 0.27 1.62 10,528 24,72195 St. James Court Hotel Ltd - 0.42 0.35 0.49 3,937 9,353

96 The Cumberland Guoman Ltd 0.34 0.40 0.48 0.48 12,089 29,98797 Malmaison & Hotel Du Vin Property Hldgs. Ltd - 0.40 0.17 0.16 122,442 307,05498 Champneys Henlow Ltd - 0.39 0.05 0.14 4,372 11,17599 * Q.M.H Ltd - 0.38 0.26 0.92 55,200 144,000

100 Hotel Inter-Continental London Ltd - 0.35 0.29 0.09 29,621 83,480

101 Maple Hotels 1 Ltd - 0.35 0.58 0.71 17,859 51,508102 Riverbank Hotel Operator Ltd - 0.32 0.27 0.42 3,284 10,335


Current Ratio


LeagueTablePosition

RecentlyFiled

Accounts

Current Ratio

10/11 09/10 08/09 07/08 09/10 09/10

CurrentAssets

CurrentLiabilities

£’000 £’000

103 * Blackpool Pleasure Beach (Hldgs.) Ltd - 0.31 0.42 0.57 4,461 14,585104 Templeton Hldgs. Ltd - 0.30 0.45 0.00 859 2,824105 * Peel Hotels PLC - 0.28 0.32 1.16 1,445 5,204

106 * L.5.1.N Ltd - 0.25 - - 590,684 2,321,336107 * Guoman Hotel Mgmt. (UK) Ltd 0.60 0.25 0.69 0.09 2,833 11,233108 Jake Feather Hotels Ltd - 0.24 1.85 1.21 1,667 6,823109 Arora Hotels Ltd - 0.24 0.22 0.40 15,526 66,039110 Kensington Close Hotel Ltd - 0.22 0.39 0.53 1,450 6,452

111 Park Hotel Heathrow Ltd - 0.22 0.34 0.68 4,865 22,527112 Park Hotels Mgmt. Ltd - 0.20 0.22 0.46 7,682 37,850113 Hastings Hotels Gp. Ltd - 0.20 0.20 0.19 4,659 22,992114 Crieff Hydro Ltd - 0.18 0.19 0.07 919 5,015115 * Percy R.Brend & Sons (Hoteliers) Ltd - 0.18 0.23 0.30 1,146 6,277

116 Festival Inns Ltd - 0.18 0.46 0.81 2,096 11,499117 Morgans Hotel Gp. London Ltd - 0.18 3.09 5.13 18,043 102,666118 Manor House Hotel (Okehampton) Ltd - 0.17 0.13 0.12 830 4,812119 Gloucester Capital Ltd - 0.17 0.19 0.05 4,347 25,850120 Churchill Gp. Ltd - 0.17 0.14 0.12 16,325 97,308

121 De Vere Village Hotels & Leisure Ltd - 0.15 0.15 0.86 25,664 167,602122 Choice Hotels Ltd 0.16 0.14 0.14 0.16 434 3,178123 Thistle Barbican Tenant Ltd 0.11 0.12 0.18 0.18 1,376 11,209124 Apex Hotels Ltd - 0.10 0.10 0.28 3,292 33,598125 Royal Garden Hotel Ltd - 0.10 0.07 0.96 6,715 69,286

126 * Doyle London Hotels Ltd - 0.10 0.08 0.15 801 8,329127 * The Lancaster Landmark Hotel Co. Ltd - 0.09 0.49 1.39 4,215 45,311128 ■ De Vere Wokefield Park Ltd - 0.09 0.05 - 11,438 130,642129 * Hilton Intl. Hotels (UK) Ltd - 0.08 0.07 0.10 202,976 2,668,275130 London Britannia Hotel Ltd - 0.08 0.37 0.40 761 10,076

131 * Macdonald Hotels Ltd - 0.08 0.46 0.46 25,918 343,250132 Venice Antler 1 Ltd - 0.08 0.73 0.89 7,087 94,295133 Menzies Hotels Hldgs. Ltd - 0.06 0.02 0.05 16,427 264,286134 * Festival Gp. Ltd - 0.06 0.29 0.35 3,613 58,284135 * Doyle Hotels (UK) Ltd - 0.06 0.09 0.07 9,226 160,431

136 * Kew Green Hotels Ltd - 0.05 0.05 0.06 6,757 146,540137 * Paragon Hotels Ltd - 0.04 0.02 0.35 3,332 74,631138 C.D.L Hotels (U.K.) Ltd - 0.03 0.07 0.05 2,812 84,491139 Land Securities (Hotels) Ltd - 0.02 0.09 0.05 5,394 326,462140 Premier Inn Ltd - 0.01 0.01 0.01 26,801 1,937,179

- ■ Rocco Forte & Family Ltd - - 0.91 1.14 - -- * Longmint Gp. Ltd - - 0.83 0.99 - -- * Yianis Hldgs. Ltd - - 0.75 1.08 - -




Current Ratio


LeagueTablePosition

RecentlyFiled

Accounts

Quick Ratio (Acid Test)

10/11 09/10 08/09 07/08 09/10 09/10

QuickAssets

CurrentLiabilities

£’000 £’000

THE HOTEL INDUSTRY

1 Splendid Property Co. Ltd - 31.63 36.40 32.28 116,889 3,6962 * Gleneagles Hotels Ltd 17.35 15.50 2.42 2.45 220,979 14,2583 Rezidor Hotel Manchester Ltd - 15.40 11.82 10.63 25,717 1,6704 London Tara Hotel Ltd - 13.95 11.83 0.40 30,618 2,1955 * Jurys Hotel Gp. (UK) Ltd - 12.74 16.05 28.85 38,607 3,030

6 The Berkeley Hotel Ltd - 9.81 7.01 6.55 58,598 5,9757 Claridge’s Hotel Ltd - 8.26 5.87 6.27 98,335 11,9098 Firmdale Hotels PLC - 5.08 6.63 4.89 50,579 9,9659 The Park Lane Hotel Ltd - 4.12 4.10 2.61 18,842 4,572

10 Comojo (U.K.) Ltd - 3.47 0.81 3.42 6,097 1,755

11 * Lanesborough Mgmt. Ltd - 3.29 0.18 0.37 11,923 3,61912 Rezidor Hotel Stansted Airport Ltd - 3.19 3.55 2.42 5,627 1,76513 * De Vere Venues Properties Ltd - 2.96 1.90 1.67 18,616 6,28814 * Travelodge Hotels Ltd - 2.92 3.02 3.25 507,300 173,70015 The Cavendish Hotel (London) Ltd - 2.87 1.13 1.20 4,583 1,595

16 Prestmade Ltd - 2.79 2.36 1.93 29,581 10,61917 * Imperial London Hotels Ltd (The) - 2.65 1.21 1.56 35,356 13,32818 Andrew Brownsword Hotels Ltd - 2.55 4.09 5.78 6,637 2,60019 Mandarin Oriental Hyde Park Ltd - 2.49 2.18 1.93 16,305 6,55020 F B M London Ltd - 2.48 2.23 1.37 6,879 2,772

21 L.R.G Hotels Ltd - 2.41 2.68 0.12 904,845 375,14722 Lomar Hotel Co. Ltd - 2.34 1.26 2.94 5,173 2,21323 * Accor UK Bus. & Leisure Hotels Ltd - 2.31 1.77 1.49 186,748 80,75924 Blackfriars Hotels Ltd - 2.30 1.83 2.13 3,842 1,67325 * Bridgemere UK PLC - 2.23 4.63 2.55 52,796 23,693

26 Chesterfield (Mayfair) Ltd - 2.16 1.63 1.51 6,374 2,95427 St Giles Hotel Ltd - 2.04 2.34 2.03 13,910 6,82028 * Somerston Hotels UK Ltd - 1.82 1.58 1.18 12,048 6,63429 Tonstate (Hotels) Ltd - 1.81 1.21 1.35 32,122 17,70630 Accor UK Economy Hotels Ltd - 1.79 1.56 1.02 112,376 62,915

31 * Pbn Hldgs. Ltd - 1.78 2.93 1.14 20,516 11,50632 * Hotel Property Investors U.K. Ltd - 1.73 4.55 2.05 19,279 11,15833 Hhr Piccadilly Ltd - 1.71 1.98 2.40 11,427 6,68134 * Quintain Estates & Development PLC - 1.59 0.53 1.55 63,152 39,80935 St. James Hotel Ltd - 1.56 2.48 1.38 2,651 1,696

36 * Premier Inn Hotels Ltd - 1.45 1.57 2.12 1,033,742 712,43837 Dorchester Gp. Ltd - 1.32 1.61 1.46 135,273 102,68938 ■ H L T Stakis S P E Ltd - 1.30 1.06 - 39,218 30,18239 Firoka (Kings Cross) Ltd 1.77 1.27 0.92 0.95 9,171 7,22640 * M F Wells (Hotels) Ltd - 1.23 0.94 1.33 4,451 3,627

41 * Edwardian Gp. Ltd - 1.17 1.14 1.22 31,295 26,75842 * Ramside Estates Ltd - 1.14 2.07 2.07 4,301 3,76943 Strathmore Hotels Ltd - 1.11 0.63 0.54 1,971 1,78244 * B.D.L Select Hotels Ltd 1.75 1.07 1.81 - 2,454 2,29345 * The Barton Grange Gp. Ltd - 1.07 0.63 0.93 4,010 3,760

46 Ramside Hldgs. Ltd - 1.05 1.02 1.01 4,441 4,21647 Lomondo Ltd - 1.04 0.88 1.20 10,079 9,67148 Millennium & Copthorne Hotels PLC - 1.03 1.12 0.91 265,300 256,90049 South Bank Hotel Mgmt. Co. Ltd - 1.01 1.00 0.99 5,002 4,95650 Oxford Hotels & Inns Mgmt. Ltd - 0.91 0.88 0.87 10,860 11,874




LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08 09/10 09/10

QuickAssets

CurrentLiabilities

£’000 £’000

51 Hotel Mgmt. Intl. (Hldgs.) Ltd - 0.89 0.92 0.66 8,957 10,08652 * Hilton Worldwide Ltd - 0.87 0.86 0.81 172,978 197,90053 North Brit. Trust Hotels Ltd - 0.87 0.49 0.92 5,834 6,71754 Endell Gp. Hldgs. Ltd - 0.85 0.81 0.96 88,900 104,80055 Jarvis Hotels Ltd. - 0.83 0.90 0.79 36,462 44,119

56 * Ritz Hotel (London) Ltd (The) - 0.82 0.67 0.49 4,374 5,34857 ■ Landmark Hotel London Ltd 1.51 0.82 - - 4,842 5,92858 * Shearings Hotels Ltd 0.58 0.82 0.62 0.57 7,056 8,63959 * Corus Hotels Ltd - 0.80 0.05 0.09 49,473 62,09060 Lake District Hotels Ltd - 0.77 0.49 0.25 3,525 4,550

61 * Marriott Hotels Ltd - 0.77 1.29 1.28 8,841 11,49262 Victoria Park Plaza Operator Ltd - 0.77 0.68 0.47 6,554 8,53863 Curzon Hotels (Operator) Ltd - 0.77 1.26 1.33 30,891 40,25664 Park Tower Hotel Ltd (The) - 0.75 0.81 1.04 10,414 13,79565 * Marston Hotels Ltd - 0.75 0.77 0.89 79,176 105,367

66 * Guoman Hotel Hldgs. Ltd 0.16 0.74 1.23 1.23 33,595 45,56867 * Puma Hotels PLC - 0.73 0.03 0.32 10,183 13,99268 * De Vere Venice Ltd - 0.70 0.74 0.70 57,012 81,02769 London May Fair Hotel Ltd - 0.69 1.31 1.09 3,740 5,39770 * Adda Hotels - 0.68 0.50 0.72 59,381 87,709

71 * J.Townend & Sons (Hull) Ltd - 0.67 0.77 0.77 2,304 3,45372 ■ H L T Stakis Operator Ltd - 0.63 0.59 - 13,539 21,38873 Brook Hotels Ltd - 0.63 0.60 0.70 4,235 6,74374 Centre Island Hotels Ltd - 0.61 0.78 0.72 10,516 17,18475 Leisureplex Ltd - 0.61 0.41 0.35 1,119 1,840

76 * Forestdale Hotels Ltd - 0.60 0.52 0.52 2,047 3,43777 * L.R.G Hotels Gp. (UK) Ltd - 0.58 0.51 0.46 78,607 134,92678 * Paramount Hotels Ltd - 0.56 0.48 0.44 109,751 196,38479 * Deckers Restaurants Ltd - 0.55 0.24 0.29 2,452 4,43180 * Menzies Hotels Operating Ltd - 0.54 0.54 0.63 75,142 138,551

81 * J.H. Leeke & Sons Ltd - 0.54 0.28 0.38 8,126 15,02882 G H Hotel Operating Co. Ltd - 0.54 0.58 0.51 15,889 29,67583 * Britannia Hotels Ltd - 0.53 0.35 0.30 19,634 36,84384 * De Vere Village Trading No 1 Ltd - 0.53 0.78 0.55 35,964 67,51385 Globalgrange Ltd - 0.51 1.36 0.73 29,425 57,482

86 * M W B Gp. Hldgs. PLC - 0.49 0.16 0.54 51,499 104,33187 London L.R.G Hotel Ltd - 0.47 0.37 0.26 61,867 130,66888 Hand Picked Hotels Ltd 0.37 0.47 0.50 1.56 7,190 15,26089 The Westbury Hotel Ltd - 0.47 0.88 0.91 4,778 10,19090 Webb Hotels & Travel Ltd - 0.46 0.52 0.51 1,424 3,104

91 * Pl Hotel Ltd - 0.43 0.27 1.61 10,507 24,72192 Pennyhill Park Ltd - 0.42 0.22 1.72 2,518 5,98393 * Whitbread PLC - 0.42 0.38 0.26 149,700 358,00094 The Cumberland Guoman Ltd 0.34 0.40 0.48 0.48 12,062 29,98795 Malmaison & Hotel Du Vin Property Hldgs. Ltd - 0.40 0.17 0.16 122,442 307,054

96 St. James Court Hotel Ltd - 0.39 0.32 0.47 3,692 9,35397 * Qhotels Gp. Ltd - 0.39 0.39 0.48 10,426 26,63398 * Q.M.H Ltd - 0.37 0.25 0.89 52,800 144,00099 Hotel Inter-Continental London Ltd - 0.35 0.28 0.09 29,438 83,480

100 Maple Hotels 1 Ltd - 0.34 0.57 0.69 17,530 51,508

101 Champneys Henlow Ltd - 0.32 0.03 0.13 3,528 11,175102 Riverbank Hotel Operator Ltd - 0.31 0.27 0.41 3,193 10,335




LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08 09/10 09/10

QuickAssets

CurrentLiabilities

£’000 £’000

103 * Peel Hotels PLC - 0.26 0.30 1.14 1,332 5,204104 * Guoman Hotel Mgmt. (UK) Ltd 0.60 0.25 0.69 0.09 2,833 11,233105 * Blackpool Pleasure Beach (Hldgs.) Ltd - 0.25 0.38 0.52 3,588 14,585

106 Arora Hotels Ltd - 0.24 0.22 0.40 15,526 66,039107 Templeton Hldgs. Ltd - 0.23 0.38 0.00 661 2,824108 Kensington Close Hotel Ltd - 0.22 0.39 0.52 1,427 6,452109 Park Hotel Heathrow Ltd - 0.21 0.34 0.68 4,836 22,527110 Park Hotels Mgmt. Ltd - 0.20 0.21 0.45 7,488 37,850

111 Jake Feather Hotels Ltd - 0.19 1.74 1.15 1,320 6,823112 * L.5.1.N Ltd - 0.19 - - 446,446 2,321,336113 Hastings Hotels Gp. Ltd - 0.19 0.19 0.18 4,398 22,992114 Morgans Hotel Gp. London Ltd - 0.17 3.04 5.09 17,888 102,666115 Gloucester Capital Ltd - 0.17 0.19 0.05 4,315 25,850

116 Festival Inns Ltd - 0.17 0.45 0.79 1,905 11,499117 Churchill Gp. Ltd - 0.16 0.13 0.11 15,910 97,308118 De Vere Village Hotels & Leisure Ltd - 0.15 0.15 0.75 24,923 167,602119 Crieff Hydro Ltd - 0.14 0.15 0.05 716 5,015120 * Percy R.Brend & Sons (Hoteliers) Ltd - 0.12 0.16 0.22 776 6,277

121 Thistle Barbican Tenant Ltd 0.11 0.12 0.17 0.18 1,361 11,209122 Choice Hotels Ltd 0.12 0.10 0.11 0.13 333 3,178123 Manor House Hotel (Okehampton) Ltd - 0.10 0.05 0.04 465 4,812124 Apex Hotels Ltd - 0.09 0.09 0.27 3,097 33,598125 * The Lancaster Landmark Hotel Co. Ltd - 0.09 0.48 1.37 4,133 45,311

126 * Doyle London Hotels Ltd - 0.09 0.08 0.13 737 8,329127 Royal Garden Hotel Ltd - 0.09 0.06 0.89 6,026 69,286128 ■ De Vere Wokefield Park Ltd - 0.09 0.05 - 11,354 130,642129 * Hilton Intl. Hotels (UK) Ltd - 0.08 0.07 0.10 202,453 2,668,275130 Venice Antler 1 Ltd - 0.07 0.71 0.84 6,788 94,295

131 London Britannia Hotel Ltd - 0.07 0.35 0.37 700 10,076132 Menzies Hotels Hldgs. Ltd - 0.06 0.01 0.04 16,109 264,286133 * Festival Gp. Ltd - 0.06 0.27 0.33 3,372 58,284134 * Doyle Hotels (UK) Ltd - 0.06 0.09 0.06 9,083 160,431135 * Kew Green Hotels Ltd - 0.05 0.05 0.06 6,612 146,540

136 * Macdonald Hotels Ltd - 0.04 0.32 0.32 14,939 343,250137 * Paragon Hotels Ltd - 0.04 0.02 0.32 3,126 74,631138 C.D.L Hotels (U.K.) Ltd - 0.03 0.06 0.05 2,750 84,491139 Land Securities (Hotels) Ltd - 0.02 0.09 0.05 5,394 326,462140 Premier Inn Ltd - 0.01 0.01 0.01 26,397 1,937,179

- ■ Rocco Forte & Family Ltd - - 0.85 1.03 - -- * Yianis Hldgs. Ltd - - 0.75 1.08 - -- * Longmint Gp. Ltd - - 0.63 0.63 - -






LeagueTablePosition

RecentlyFiled

Accounts

Total Debt/Net Worth%

10/11 09/10 08/09 07/08 09/10 09/10

Total Debt Net Worth

£’000 £’000

THE HOTEL INDUSTRY

1 Rezidor Hotel Manchester Ltd - 0.0 0.0 0.2 0 24,4902 * Paramount Hotels Ltd - 0.0 142.8 110.6 0 107,1513 St Giles Hotel Ltd - 0.0 0.6 0.0 2 14,3684 * Imperial London Hotels Ltd (The) - 0.0 5.9 6.4 45 114,3905 Splendid Property Co. Ltd - 0.1 0.1 0.0 139 124,478

6 Leisureplex Ltd - 0.4 0.8 1.8 108 26,5977 The Berkeley Hotel Ltd - 0.4 0.9 0.4 967 217,0738 * M F Wells (Hotels) Ltd - 0.5 0.6 0.7 97 19,7879 * Shearings Hotels Ltd 1.2 0.8 471.0 397.0 162 19,371

10 London Tara Hotel Ltd - 1.0 1.9 1.3 603 62,927

11 The Park Lane Hotel Ltd - 1.1 2.7 27.3 246 21,81412 Claridge’s Hotel Ltd - 1.9 2.4 1.7 5,377 282,38513 * Jurys Hotel Gp. (UK) Ltd - 1.9 0.6 0.0 1,918 99,69114 * Gleneagles Hotels Ltd 1.4 2.0 45.3 46.3 5,914 292,21215 Andrew Brownsword Hotels Ltd - 4.5 16.3 15.4 2,437 54,044

16 North Brit. Trust Hotels Ltd - 5.0 0.0 0.1 1,536 30,65417 Firoka (Kings Cross) Ltd 4.8 5.2 6.4 5.8 4,334 83,43318 Rezidor Hotel Stansted Airport Ltd - 5.7 5.4 0.0 238 4,17019 London Britannia Hotel Ltd - 11.4 13.4 10.1 8,650 75,90720 * J.Townend & Sons (Hull) Ltd - 12.4 15.9 17.9 674 5,423

21 * Doyle London Hotels Ltd - 12.7 20.4 6.2 5,958 46,79522 Jarvis Hotels Ltd. - 13.2 7.0 7.7 20,620 156,31523 Firmdale Hotels PLC - 13.9 10.8 4.3 22,385 160,90624 * Travelodge Hotels Ltd - 15.2 11.1 9.5 131,200 861,40025 * Accor UK Bus. & Leisure Hotels Ltd - 16.1 41.7 57.5 33,334 207,485

26 * Ramside Estates Ltd - 18.0 19.6 23.2 2,781 15,44827 South Bank Hotel Mgmt. Co. Ltd - 18.7 19.6 0.0 17 9128 Millennium & Copthorne Hotels PLC - 19.4 29.1 29.9 340,800 1,752,30029 * Hilton Worldwide Ltd - 22.0 28.2 8.4 150,472 683,18730 * Marriott Hotels Ltd - 22.4 97.6 82.5 1,102 4,923

31 Manor House Hotel (Okehampton) Ltd - 29.2 59.7 67.7 2,884 9,86132 ■ H L T Stakis S P E Ltd - 30.7 79.8 - 24,437 79,54533 Lake District Hotels Ltd - 33.3 53.5 54.2 8,254 24,76834 * The Barton Grange Gp. Ltd - 34.5 36.6 58.7 4,791 13,87735 Lomar Hotel Co. Ltd - 35.4 31.7 88.8 1,606 4,531

36 * J.H. Leeke & Sons Ltd - 35.7 27.2 25.1 25,465 71,39037 * Hotel Property Investors U.K. Ltd - 38.1 3.7 31.7 7,229 18,99638 * Percy R.Brend & Sons (Hoteliers) Ltd - 38.8 21.4 122.3 2,192 5,65439 Accor UK Economy Hotels Ltd - 44.0 49.8 85.2 50,736 115,20340 * Britannia Hotels Ltd - 45.3 38.6 30.9 29,095 64,258

41 * The Lancaster Landmark Hotel Co. Ltd - 52.2 30.0 32.6 85,074 162,88942 Ramside Hldgs. Ltd - 55.2 67.1 87.4 5,504 9,96643 Hotel Inter-Continental London Ltd - 57.3 73.4 68.5 77,526 135,32244 Hastings Hotels Gp. Ltd - 58.9 61.6 67.0 18,958 32,18945 Strathmore Hotels Ltd - 60.2 69.6 75.8 9,320 15,474

46 Lomondo Ltd - 61.9 87.7 118.7 18,946 30,59647 * Whitbread PLC - 62.3 70.9 45.0 596,500 957,00048 * Peel Hotels PLC - 63.0 17.4 16.7 14,900 23,63649 * Quintain Estates & Development PLC - 66.1 129.1 74.5 411,207 622,09250 * Edwardian Gp. Ltd - 66.3 72.8 61.4 271,482 409,710


Total Debt/Net Worth


LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08 09/10 09/10


£’000 £’000

51 Crieff Hydro Ltd - 70.8 66.7 65.1 9,757 13,77552 ■ Jake Feather Hotels Ltd - 77.0 - - 22,109 28,72453 Globalgrange Ltd - 78.9 73.9 69.3 212,125 268,91454 Blackfriars Hotels Ltd - 87.9 102.2 139.8 19,293 21,94655 St. James Court Hotel Ltd - 91.3 98.5 111.8 43,436 47,593

56 Apex Hotels Ltd - 96.7 131.1 85.7 110,683 114,51257 Mandarin Oriental Hyde Park Ltd - 98.2 101.5 108.0 98,983 100,78658 Hotel Mgmt. Intl. (Hldgs.) Ltd - 101.4 114.2 141.5 44,042 43,45259 * Corus Hotels Ltd - 102.0 95.5 82.8 119,838 117,45160 Comojo (U.K.) Ltd - 104.5 209.3 233.6 6,631 6,345

61 Royal Garden Hotel Ltd - 106.4 94.8 110.4 64,612 60,75162 Webb Hotels & Travel Ltd - 110.1 122.5 111.9 10,424 9,46863 * Adda Hotels - 115.4 33.6 80.1 72,171 62,56164 L.R.G Hotels Ltd - 127.2 118.3 87.7 710,732 558,88665 Dorchester Gp. Ltd - 132.1 129.4 133.9 515,556 390,374

66 Choice Hotels Ltd 131.8 133.9 147.8 151.8 5,443 4,06467 * Premier Inn Hotels Ltd - 136.7 112.1 67.2 678,690 496,32768 Pennyhill Park Ltd - 141.5 170.0 176.1 24,528 17,33369 London May Fair Hotel Ltd - 145.1 154.5 144.6 194,414 134,02470 * Blackpool Pleasure Beach (Hldgs.) Ltd - 176.4 212.3 172.4 14,599 8,276

71 Centre Island Hotels Ltd - 201.9 211.7 151.2 68,084 33,71672 * Q.M.H Ltd - 222.9 152.9 122.3 503,800 226,00073 * De Vere Village Trading No 1 Ltd - 222.9 168.7 98.6 771,109 345,88874 * Lanesborough Mgmt. Ltd - 224.5 249.2 190.6 44,766 19,93775 C.D.L Hotels (U.K.) Ltd - 231.7 235.3 225.7 81,725 35,279

76 Churchill Gp. Ltd - 240.5 275.4 294.7 94,403 39,25877 Champneys Henlow Ltd - 255.7 276.2 298.2 40,672 15,90478 * Guoman Hotel Hldgs. Ltd 251.1 273.1 266.4 240.6 492,458 180,32979 London L.R.G Hotel Ltd - 285.4 294.0 293.4 128,396 44,98280 ■ H L T Stakis Operator Ltd - 285.8 55.1 - 14,531 5,085

81 St. James Hotel Ltd - 300.9 292.3 360.5 36,908 12,26482 * Deckers Restaurants Ltd - 315.5 258.1 304.5 10,000 3,17083 Hand Picked Hotels Ltd 427.2 340.2 665.7 539.8 126,353 37,13984 Prestmade Ltd - 343.1 303.0 321.3 141,588 41,26685 Park Tower Hotel Ltd (The) - 343.6 443.4 108.4 11,198 3,259

86 F B M London Ltd - 357.6 380.8 618.0 24,537 6,86287 * Marston Hotels Ltd - 383.5 193.4 161.4 100,033 26,08588 ■ Templeton Hldgs. Ltd - 383.6 ^ 90.0 1,055 27589 * Doyle Hotels (UK) Ltd - 405.5 334.0 212.6 156,224 38,52290 G H Hotel Operating Co. Ltd - 418.9 0.0 505.4 16,680 3,982

91 * Guoman Hotel Mgmt. (UK) Ltd 1,029.8 463.9 29.3 ^ 10,202 2,19992 * M W B Gp. Hldgs. PLC - 504.7 390.4 186.2 382,272 75,74293 * Puma Hotels PLC - 518.5 381.8 240.6 385,095 74,26694 * Forestdale Hotels Ltd - 605.7 350.5 323.8 34,336 5,66995 * L.R.G Hotels Gp. (UK) Ltd - 703.4 604.7 731.3 131,432 18,685

96 * Macdonald Hotels Ltd - 713.1 792.9 610.0 323,078 45,30497 Morgans Hotel Gp. London Ltd - 715.0 812.0 414.1 100,500 14,05698 Premier Inn Ltd - 809.2 1,704.5 6,028.1 1,935,470 239,18799 * Festival Gp. Ltd - 886.2 248.5 42.8 56,957 6,427

100 Brook Hotels Ltd - 1,038.6 888.8 767.5 17,210 1,657

101 Oxford Hotels & Inns Mgmt. Ltd - 1,217.6 1,490.1 2,962.9 4,627 380102 * Ritz Hotel (London) Ltd (The) - 1,317.4 2,509.4 1,693.2 149,595 11,355




LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08 09/10 09/10


£’000 £’000

103 ■ Land Securities (Hotels) Ltd - 1,481.7 ^ 580.8 325,415 21,962104 * Hilton Intl. Hotels (UK) Ltd - 2,329.8 5,375.3 473.5 2,700,928 115,928105 Arora Hotels Ltd - 2,380.8 505.1 4,045.2 58,448 2,455

106 * B.D.L Select Hotels Ltd 3,847.5 3,133.6 853.8 - 53,554 1,709107 ■ Landmark Hotel London Ltd 1,467.9 3,511.2 - - 183,635 5,230108 * Bridgemere UK PLC - 8,984.4 472.0 645.3 102,512 1,141109 * Pl Hotel Ltd - 10,733.8 966.2 283.5 87,373 814110 * Paragon Hotels Ltd - 25,071.0 5,151.9 606.7 69,948 279

- * Yianis Hldgs. Ltd - - 221.8 195.9 - -- * Longmint Gp. Ltd - - 392.7 323.7 - -- ■ Rocco Forte & Family Ltd - - 413.3 262.8 - -- * Pbn Hldgs. Ltd - ^ 561.1 1,259.1 319,496 -472- * Kew Green Hotels Ltd - ^ 831.8 341.0 141,363 -6,421

- * Qhotels Gp. Ltd - ^ 7,260.8 999.1 519,426 -113,897- * Somerston Hotels UK Ltd - ^ 14,206.6 246.4 330,472 -31,150- ■ Menzies Hotels Hldgs. Ltd - ^ ^ 616.3 258,750 -62,702- ■ Park Hotel Heathrow Ltd - ^ ^ 873.6 21,452 -4,736- ■ Malmaison & Hotel Du Vin Property Hldgs. Ltd - ^ ^ 1,010.2 582,350 -40,225

- * De Vere Venice Ltd - ^ ^ 1,521.2 1,625,362 -506,157- ■ Chesterfield (Mayfair) Ltd - ^ ^ ^ 66,113 -36,150- ■ Curzon Hotels (Operator) Ltd - ^ ^ ^ 90,402 -49,532- * De Vere Venues Properties Ltd - ^ ^ ^ 483,813 -120,821- ■ De Vere Village Hotels & Leisure Ltd - ^ ^ ^ 161,463 -9,285

- ■ De Vere Wokefield Park Ltd - ^ ^ - 127,867 -56,435- ■ Endell Gp. Hldgs. Ltd - ^ ^ ^ 527,200 -872,000- ■ Festival Inns Ltd - ^ ^ ^ 6,912 -9,473- ■ Gloucester Capital Ltd - ^ ^ ^ 87,841 -14,552- ■ Hhr Piccadilly Ltd - ^ ^ ^ 47,953 -25,212

- ■ Kensington Close Hotel Ltd - ^ ^ ^ 79,189 -5,617- * L.5.1.N Ltd - ^ - - 2,434,262 -1,014,015- ■ Maple Hotels 1 Ltd - ^ ^ ^ 39,229 -26,501- * Menzies Hotels Operating Ltd - ^ ^ ^ 133,903 -38,656- ■ Park Hotels Mgmt. Ltd - ^ ^ ^ 31,121 -15,164

- ■ Riverbank Hotel Operator Ltd - ^ ^ ^ 8,458 -7,051- ■ The Cavendish Hotel (London) Ltd - ^ ^ ^ 121,799 -3,089- ■ The Cumberland Guoman Ltd ^ ^ ^ ^ 26,097 -16,028- ■ The Westbury Hotel Ltd - ^ ^ ^ 145,502 -2,805- ■ Thistle Barbican Tenant Ltd ^ ^ ^ ^ 7,066 -7,892

- ■ Tonstate (Hotels) Ltd - ^ ^ ^ 483,912 -52,178- ■ Venice Antler 1 Ltd - ^ ^ ^ 115,290 -10,809- ■ Victoria Park Plaza Operator Ltd - ^ ^ ^ 6,804 -1,844






LeagueTablePosition

RecentlyFiled

Accounts

Equity Gearing%

10/11 09/10 08/09 07/08 09/10 09/10

Total Capital& Reserves

TotalLiabilities

£’000 £’000

THE HOTEL INDUSTRY

1 The Berkeley Hotel Ltd - 3,633.0 2,188.7 3,420.7 217,073 5,9752 Splendid Property Co. Ltd - 3,367.9 3,870.7 3,529.3 124,478 3,6963 Claridge’s Hotel Ltd - 2,371.2 1,864.9 2,493.8 282,385 11,9094 * Gleneagles Hotels Ltd 2,286.6 2,049.5 205.0 204.0 292,212 14,2585 London Tara Hotel Ltd - 2,007.2 1,788.1 2,072.9 62,927 3,135

6 * Jurys Hotel Gp. (UK) Ltd - 1,521.3 1,688.5 1,981.9 99,691 6,5537 Rezidor Hotel Manchester Ltd - 1,466.5 1,106.4 984.5 24,490 1,6708 Andrew Brownsword Hotels Ltd - 1,193.0 499.6 495.7 54,507 4,5699 Leisureplex Ltd - 1,103.2 457.0 352.6 26,597 2,411

10 Firoka (Kings Cross) Ltd 1,140.8 1,081.4 855.1 1,275.7 83,444 7,716

11 * Imperial London Hotels Ltd (The) - 819.4 488.8 363.8 114,390 13,96012 London Britannia Hotel Ltd - 594.5 527.9 644.1 75,907 12,76913 Firmdale Hotels PLC - 572.3 687.8 1,225.8 160,906 28,11514 * M F Wells (Hotels) Ltd - 533.5 394.4 387.8 19,866 3,72415 * Doyle London Hotels Ltd - 521.6 348.6 653.1 46,795 8,971

16 The Park Lane Hotel Ltd - 414.1 416.3 227.0 21,814 5,26817 * Travelodge Hotels Ltd - 396.0 448.6 496.1 861,400 217,50018 North Brit. Trust Hotels Ltd - 348.2 500.7 338.3 32,033 9,19919 * Hilton Worldwide Ltd - 345.2 280.1 598.0 683,187 197,90020 * Accor UK Bus. & Leisure Hotels Ltd - 264.0 167.5 130.5 213,202 80,759

21 ■ H L T Stakis S P E Ltd - 263.6 115.1 - 79,545 30,18222 Jarvis Hotels Ltd. - 254.0 298.7 394.5 156,315 61,53923 * Ramside Estates Ltd - 253.3 227.6 192.8 15,448 6,09824 Rezidor Hotel Stansted Airport Ltd - 236.3 276.9 158.9 4,170 1,76525 Lake District Hotels Ltd - 228.3 152.1 142.6 25,243 11,058

26 * Shearings Hotels Ltd 202.6 224.1 18.7 22.7 19,371 8,64327 St Giles Hotel Ltd - 210.7 304.3 281.8 14,368 6,82028 * J.H. Leeke & Sons Ltd - 194.2 235.3 239.1 70,596 36,34429 Accor UK Economy Hotels Ltd - 177.6 156.3 93.8 115,203 64,88230 Millennium & Copthorne Hotels PLC - 174.7 145.4 143.7 1,752,300 1,002,800

31 * The Lancaster Landmark Hotel Co. Ltd - 170.6 261.3 232.5 162,889 95,50032 Hotel Inter-Continental London Ltd - 160.7 124.8 132.5 135,322 84,20433 * The Barton Grange Gp. Ltd - 149.9 146.7 114.9 13,877 9,25534 * J.Townend & Sons (Hull) Ltd - 147.0 149.1 148.4 5,423 3,68935 Hastings Hotels Gp. Ltd - 137.1 121.7 112.3 32,189 23,479

36 * Peel Hotels PLC - 136.4 283.2 262.1 23,636 17,32337 * Hotel Property Investors U.K. Ltd - 135.0 303.9 162.7 18,996 14,07638 * Edwardian Gp. Ltd - 133.3 123.3 143.8 409,710 307,40039 * Quintain Estates & Development PLC - 126.4 69.7 106.1 622,092 492,34940 Strathmore Hotels Ltd - 124.9 114.7 111.4 15,474 12,390

41 Lomondo Ltd - 123.4 95.4 72.4 31,123 25,21342 Manor House Hotel (Okehampton) Ltd - 122.0 94.0 87.2 9,861 8,08243 Lomar Hotel Co. Ltd - 118.6 37.8 61.8 4,531 3,81944 Globalgrange Ltd - 116.6 124.7 131.4 269,712 231,35045 Ramside Hldgs. Ltd - 109.9 90.7 71.4 9,966 9,068

46 * Britannia Hotels Ltd - 105.6 162.8 171.1 65,346 61,90547 Blackfriars Hotels Ltd - 104.7 87.9 65.7 21,946 20,96648 St. James Court Hotel Ltd - 101.1 95.4 83.9 47,593 47,06249 Crieff Hydro Ltd - 97.4 103.4 109.5 13,775 14,13950 Jake Feather Hotels Ltd - 96.9 1,175.6 515.7 27,456 28,322


Equity Gearing


LeagueTablePosition

RecentlyFiled

Accounts

Equity Gearing%

10/11 09/10 08/09 07/08 09/10 09/10


TotalLiabilities

£’000 £’000

51 Mandarin Oriental Hyde Park Ltd - 96.6 94.2 86.5 100,786 104,34752 Apex Hotels Ltd - 95.2 70.6 108.0 114,512 120,32053 * Corus Hotels Ltd - 94.6 100.2 114.5 117,711 124,40154 Royal Garden Hotel Ltd - 87.1 97.5 80.6 60,751 69,76655 Hotel Mgmt. Intl. (Hldgs.) Ltd - 86.2 75.4 59.7 43,452 50,424

56 * Percy R.Brend & Sons (Hoteliers) Ltd - 78.5 100.2 45.5 5,654 7,19957 Webb Hotels & Travel Ltd - 76.4 68.5 73.8 9,497 12,42658 L.R.G Hotels Ltd - 74.9 79.6 103.7 558,886 745,99459 Comojo (U.K.) Ltd - 72.7 41.5 35.1 6,345 8,73160 * Whitbread PLC - 71.9 78.0 119.8 1,107,000 1,540,600

61 * Adda Hotels - 71.3 203.0 99.5 62,561 87,70962 * Premier Inn Hotels Ltd - 70.6 86.9 136.0 506,310 717,17963 Dorchester Gp. Ltd - 69.4 71.3 68.3 426,759 615,14364 London May Fair Hotel Ltd - 66.3 62.8 66.4 134,024 202,09465 Pennyhill Park Ltd - 60.3 51.2 45.0 17,333 28,736

66 * Paramount Hotels Ltd - 54.9 69.4 86.5 108,027 196,76367 Centre Island Hotels Ltd - 53.8 52.8 70.2 39,845 74,08168 Choice Hotels Ltd 52.4 51.4 49.9 48.5 4,064 7,90269 Templeton Hldgs. Ltd - 50.7 49.5 101.1 1,904 3,75970 * Marriott Hotels Ltd - 44.6 35.3 36.7 5,121 11,492

71 * De Vere Village Trading No 1 Ltd - 41.8 55.7 91.6 345,888 827,22772 C.D.L Hotels (U.K.) Ltd - 40.2 39.8 41.5 35,279 87,74973 * Q.M.H Ltd - 40.1 57.5 71.1 226,000 563,80074 Churchill Gp. Ltd - 39.9 35.0 32.3 39,258 98,50475 * Lanesborough Mgmt. Ltd - 37.7 34.3 40.3 19,937 52,822

76 * Blackpool Pleasure Beach (Hldgs.) Ltd - 36.4 33.3 41.5 8,276 22,73177 London L.R.G Hotel Ltd - 34.1 32.8 32.2 44,982 131,83578 Champneys Henlow Ltd - 33.9 31.7 31.1 17,645 52,06079 St. James Hotel Ltd - 31.7 32.8 26.3 12,264 38,64780 * Guoman Hotel Hldgs. Ltd 34.0 30.6 29.9 32.4 180,329 589,448

81 Prestmade Ltd - 27.4 31.2 29.5 41,266 150,83382 Hand Picked Hotels Ltd 21.0 26.3 13.8 16.7 37,139 141,28083 F B M London Ltd - 25.0 23.8 14.7 6,862 27,44384 * Marston Hotels Ltd - 24.8 47.8 56.0 26,085 105,36785 * Doyle Hotels (UK) Ltd - 24.0 29.0 45.5 38,522 160,562

86 ■ H L T Stakis Operator Ltd - 23.8 81.7 - 5,085 21,38887 Park Tower Hotel Ltd (The) - 23.6 18.4 65.5 3,259 13,79588 * Deckers Restaurants Ltd - 23.2 27.3 20.8 3,453 14,85289 * Puma Hotels PLC - 20.6 27.4 41.7 82,226 399,08790 * Guoman Hotel Mgmt. (UK) Ltd 9.7 19.6 249.5 -37.2 2,199 11,233

91 * M W B Gp. Hldgs. PLC - 18.6 22.5 39.3 104,536 562,64092 * Forestdale Hotels Ltd - 17.0 28.4 29.7 6,510 38,34793 Brook Hotels Ltd - 14.1 18.3 16.8 3,111 21,99694 * L.R.G Hotels Gp. (UK) Ltd - 13.7 15.8 12.8 18,685 136,04895 Morgans Hotel Gp. London Ltd - 13.7 12.0 23.5 14,056 102,666

96 G H Hotel Operating Co. Ltd - 13.3 13.6 10.8 3,982 30,03097 * Macdonald Hotels Ltd - 12.8 10.5 13.1 45,656 356,59898 Premier Inn Ltd - 12.2 5.7 1.7 239,187 1,954,78999 * Festival Gp. Ltd - 10.4 36.4 41.6 6,931 66,604

100 * Ritz Hotel (London) Ltd (The) - 7.3 3.8 5.6 11,355 154,912

101 Land Securities (Hotels) Ltd - 6.7 -11.0 16.9 21,962 326,462102 * Hilton Intl. Hotels (UK) Ltd - 4.3 1.9 21.0 115,928 2,708,375


Equity Gearing


LeagueTablePosition

RecentlyFiled

Accounts

Equity Gearing%

10/11 09/10 08/09 07/08 09/10 09/10


TotalLiabilities

£’000 £’000

103 Arora Hotels Ltd - 3.7 15.0 2.0 2,455 66,039104 Oxford Hotels & Inns Mgmt. Ltd - 2.8 1.9 1.1 380 13,747105 ■ Landmark Hotel London Ltd 6.4 2.6 - - 5,230 198,459

106 * Pbn Hldgs. Ltd - 2.2 19.7 10.9 7,128 329,196107 South Bank Hotel Mgmt. Co. Ltd - 1.8 1.6 0.3 91 4,956108 * Bridgemere UK PLC - 0.9 7.5 3.2 1,320 143,773109 * Pl Hotel Ltd - 0.9 9.7 33.3 814 92,714110 * Paragon Hotels Ltd - 0.4 1.8 15.3 279 75,658

111 The Westbury Hotel Ltd - -1.7 -2.9 -1.9 -2,655 152,410112 Tonstate (Hotels) Ltd - -2.4 -1.3 -0.7 -12,789 528,534113 The Cavendish Hotel (London) Ltd - -2.5 -2.6 -1.7 -3,089 123,394114 * B.D.L Select Hotels Ltd -1.9 -3.3 1.8 - -1,880 56,305115 Venice Antler 1 Ltd - -3.4 -0.2 3.0 -4,036 119,439

116 * Kew Green Hotels Ltd - -4.4 -0.6 -1.6 -6,634 151,267117 De Vere Village Hotels & Leisure Ltd - -5.5 -7.0 -13.9 -9,285 167,602118 Kensington Close Hotel Ltd - -6.8 -3.2 -3.3 -5,617 82,952119 Malmaison & Hotel Du Vin Property Hldgs. Ltd - -6.9 -6.3 9.9 -40,225 583,389120 * Somerston Hotels UK Ltd - -9.1 0.7 39.0 -31,150 340,497

121 Gloucester Capital Ltd - -14.1 -10.4 -6.1 -12,709 90,257122 * Qhotels Gp. Ltd - -20.9 1.6 13.5 -112,890 540,311123 Park Hotel Heathrow Ltd - -21.0 -1.8 10.0 -4,736 22,527124 Victoria Park Plaza Operator Ltd - -21.6 -29.2 -50.7 -1,844 8,538125 Endell Gp. Hldgs. Ltd - -22.8 -15.0 -5.6 -238,200 1,044,800

126 Menzies Hotels Hldgs. Ltd - -23.7 -1.3 16.8 -62,702 264,286127 * De Vere Venues Properties Ltd - -24.7 -8.6 -2.9 -120,821 490,101128 * Menzies Hotels Operating Ltd - -27.9 -16.3 -6.0 -38,656 138,551129 * De Vere Venice Ltd - -28.9 -1.2 10.6 -506,157 1,752,787130 * L.5.1.N Ltd - -35.8 - - -1,005,859 2,810,752

131 Curzon Hotels (Operator) Ltd - -38.1 -19.7 -1.4 -49,532 130,151132 Park Hotels Mgmt. Ltd - -40.1 -33.9 -29.0 -15,164 37,850133 ■ De Vere Wokefield Park Ltd - -43.2 -9.6 - -56,435 130,642134 Hhr Piccadilly Ltd - -50.9 -50.0 -46.0 -25,212 49,484135 Maple Hotels 1 Ltd - -51.5 -31.5 -10.7 -26,501 51,508

136 Chesterfield (Mayfair) Ltd - -52.4 -53.8 -53.9 -36,150 69,031137 The Cumberland Guoman Ltd -59.7 -52.8 -43.3 -44.9 -16,028 30,362138 Riverbank Hotel Operator Ltd - -68.2 -72.5 -58.1 -7,051 10,335139 Thistle Barbican Tenant Ltd -76.1 -70.4 -57.8 -51.5 -7,892 11,209140 Festival Inns Ltd - -81.6 -51.6 -13.0 -9,473 11,605

- * Yianis Hldgs. Ltd - - 41.3 48.9 - -- * Longmint Gp. Ltd - - 24.4 28.0 - -- ■ Rocco Forte & Family Ltd - - 21.5 35.0 - -




Equity Gearing


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Pre-InterestProfit

£’000 £’000

THE HOTEL INDUSTRY

1 Claridge’s Hotel Ltd - 0.0 0.0 0.0 0 16,9312 Lomar Hotel Co. Ltd - 0.0 0.0 0.0 0 2953 North Brit. Trust Hotels Ltd - 0.0 0.0 0.0 0 7404 Rezidor Hotel Manchester Ltd - 0.0 0.0 0.0 0 1695 St Giles Hotel Ltd - 0.0 0.0 0.0 0 2,181

6 The Berkeley Hotel Ltd - 0.0 0.0 0.0 0 15,4347 * Gleneagles Hotels Ltd ^ 0.0 0.0 0.0 0 2,4878 Park Tower Hotel Ltd (The) - 0.0 0.0 0.4 0 9,6769 * Jurys Hotel Gp. (UK) Ltd - 0.0 0.0 5.8 0 3,076

10 ■ H L T Stakis S P E Ltd - 0.0 0.0 - 0 3,030

11 Accor UK Economy Hotels Ltd - 0.0 0.0 1.0 0 14,13812 C.D.L Hotels (U.K.) Ltd - 0.0 0.0 0.0 0 13,71013 London Tara Hotel Ltd - 0.0 0.0 0.0 0 10,26714 Premier Inn Ltd - 0.0 5.9 0.0 0 102,50915 ■ De Vere Village Hotels & Leisure Ltd - 0.0 137.9 ^ 0 2,173

16 * Shearings Hotels Ltd ^ 0.0 ^ 0.0 0 1,20017 * M F Wells (Hotels) Ltd - 0.0 0.0 0.4 1 2,60618 * Accor UK Bus. & Leisure Hotels Ltd - 0.1 0.0 0.9 36 43,49419 London Britannia Hotel Ltd - 0.2 0.0 0.0 14 6,62820 * Doyle London Hotels Ltd - 1.1 ^ 2.2 30 2,705

21 Churchill Gp. Ltd - 2.1 12.3 21.2 199 9,55722 Leisureplex Ltd - 2.3 14.1 11.7 52 2,28723 * Imperial London Hotels Ltd (The) - 2.4 5.9 10.4 475 19,69524 Templeton Hldgs. Ltd - 2.5 5.1 0.0 24 95125 The Park Lane Hotel Ltd - 2.9 0.0 2.4 135 4,611

26 * Ramside Estates Ltd - 4.2 9.3 7.7 48 1,13627 Lake District Hotels Ltd - 4.7 22.5 17.9 151 3,22228 Firoka (Kings Cross) Ltd 3.3 5.5 8.4 6.9 147 2,67029 * J.H. Leeke & Sons Ltd - 6.6 27.7 18.2 246 3,70630 Ramside Hldgs. Ltd - 8.8 28.5 22.3 100 1,140

31 * Percy R.Brend & Sons (Hoteliers) Ltd - 8.9 0.0 2.4 11 12332 Manor House Hotel (Okehampton) Ltd - 10.1 23.5 29.9 191 1,88933 Millennium & Copthorne Hotels PLC - 10.6 15.3 12.7 9,700 91,60034 Strathmore Hotels Ltd - 10.7 40.6 41.2 198 1,85035 * The Barton Grange Gp. Ltd - 10.8 ^ 35.0 180 1,673

36 ■ Landmark Hotel London Ltd 3.5 11.1 - - 808 7,29437 South Bank Hotel Mgmt. Co. Ltd - 11.1 7.7 0.0 6 5438 Lomondo Ltd - 14.2 46.2 41.2 857 6,03439 * Travelodge Hotels Ltd - 15.6 46.6 32.5 12,300 78,80040 Webb Hotels & Travel Ltd - 16.7 52.7 51.7 193 1,153

41 * Whitbread PLC - 17.4 15.1 27.7 43,072 247,14742 Hotel Inter-Continental London Ltd - 22.6 49.0 117.5 2,915 12,88743 Hotel Mgmt. Intl. (Hldgs.) Ltd - 22.7 27.7 29.8 1,445 6,36844 F B M London Ltd - 23.7 32.3 38.7 1,224 5,16745 * Blackpool Pleasure Beach (Hldgs.) Ltd - 24.9 ^ 24.2 324 1,299

46 Apex Hotels Ltd - 27.4 11.4 6.9 2,691 9,81447 Oxford Hotels & Inns Mgmt. Ltd - 27.5 44.1 63.1 36 13148 Dorchester Gp. Ltd - 28.3 29.6 22.9 9,695 34,24849 Firmdale Hotels PLC - 30.0 16.9 17.9 987 3,29050 * J.Townend & Sons (Hull) Ltd - 30.5 20.8 24.8 68 223


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10/11 09/10 08/09 07/08 09/10 09/10

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£’000 £’000

51 Hastings Hotels Gp. Ltd - 31.0 39.7 29.1 1,251 4,04252 Pennyhill Park Ltd - 31.6 64.4 77.6 813 2,57353 * Lanesborough Mgmt. Ltd - 31.6 65.2 33.1 1,772 5,59954 London L.R.G Hotel Ltd - 32.5 54.2 69.4 3,244 9,97155 ■ Jake Feather Hotels Ltd - 33.0 - - 882 2,676

56 ■ Riverbank Hotel Operator Ltd - 37.4 ^ 43.2 162 43357 * Ritz Hotel (London) Ltd (The) - 39.5 138.5 180.2 3,418 8,64458 * Hilton Intl. Hotels (UK) Ltd - 43.9 ^ 2,325.7 50,255 114,54859 L.R.G Hotels Ltd - 44.1 34.9 27.3 18,250 41,41860 Mandarin Oriental Hyde Park Ltd - 45.3 59.9 45.3 3,962 8,744

61 Blackfriars Hotels Ltd - 46.0 38.6 47.9 1,290 2,80562 St. James Court Hotel Ltd - 49.9 65.3 72.2 1,523 3,05463 Brook Hotels Ltd - 53.9 56.4 77.6 467 86764 * Deckers Restaurants Ltd - 59.7 54.4 59.5 369 61865 * Edwardian Gp. Ltd - 60.1 85.5 57.0 16,551 27,545

66 * The Lancaster Landmark Hotel Co. Ltd - 64.4 31.8 43.7 3,689 5,73267 * L.5.1.N Ltd - 66.6 - - 78,232 117,44468 Crieff Hydro Ltd - 67.4 51.7 29.0 519 77069 St. James Hotel Ltd - 72.0 55.2 59.2 2,216 3,07970 * Macdonald Hotels Ltd - 74.4 175.8 20.8 14,914 20,045

71 Choice Hotels Ltd 76.8 75.1 71.8 64.5 361 48172 The Westbury Hotel Ltd - 76.3 146.3 129.5 4,023 5,27673 Globalgrange Ltd - 78.4 73.1 58.7 14,323 18,27474 The Cavendish Hotel (London) Ltd - 81.2 127.5 130.5 3,135 3,86175 Land Securities (Hotels) Ltd - 81.6 81.0 97.0 20,336 24,936

76 Morgans Hotel Gp. London Ltd - 82.3 69.2 61.1 6,755 8,20377 London May Fair Hotel Ltd - 83.5 85.8 91.9 9,213 11,03778 Champneys Henlow Ltd - 84.0 148.4 71.3 2,341 2,78779 * Paramount Hotels Ltd - 91.0 92.9 138.9 20,724 22,77080 Centre Island Hotels Ltd - 102.3 115.2 68.6 2,959 2,891

81 * Peel Hotels PLC - 109.4 33.8 8.2 865 79182 Royal Garden Hotel Ltd - 123.3 63.0 68.9 2,403 1,94983 * Puma Hotels PLC - 125.9 142.4 726.5 30,301 24,06484 Prestmade Ltd - 128.7 55.9 46.6 13,228 10,28285 Tonstate (Hotels) Ltd - 130.4 117.1 106.5 27,520 21,097

86 ■ Malmaison & Hotel Du Vin Property Hldgs. Ltd - 139.5 ^ 83.6 17,727 12,71287 * L.R.G Hotels Gp. (UK) Ltd - 140.3 52.2 73.5 2,712 1,93388 * Premier Inn Hotels Ltd - 140.8 ^ 6.0 12,303 8,73689 * Kew Green Hotels Ltd - 186.3 97.0 187.6 13,009 6,98490 * Q.M.H Ltd - 186.7 109.1 108.3 28,000 15,000

91 Hhr Piccadilly Ltd - 191.0 128.5 70.1 1,404 73592 Venice Antler 1 Ltd - 193.1 165.7 374.2 8,043 4,16693 * Pbn Hldgs. Ltd - 199.8 133.7 101.5 19,869 9,94494 G H Hotel Operating Co. Ltd - 227.1 30.2 33.0 511 22595 * M W B Gp. Hldgs. PLC - 242.9 158.5 192.7 26,211 10,789

96 Gloucester Capital Ltd - 244.1 284.8 378.5 5,428 2,22497 * Quintain Estates & Development PLC - 247.3 ^ ^ 17,039 6,89098 Kensington Close Hotel Ltd - 285.3 91.6 81.8 4,744 1,66399 * Paragon Hotels Ltd - 419.4 ^ 1,187.2 1,732 413

100 * B.D.L Select Hotels Ltd 97.7 796.2 84.6 - 3,328 418

101 Hand Picked Hotels Ltd 1,206.8 1,602.7 172.6 136.7 8,783 548- * Hotel Property Investors U.K. Ltd - ^ 0.0 0.0 0 -5,341




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Accounts


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£’000 £’000

- ■ Rezidor Hotel Stansted Airport Ltd - ^ 0.0 0.0 0 -319- ■ Splendid Property Co. Ltd - ^ 0.0 0.0 0 -2,031- * Guoman Hotel Hldgs. Ltd 93.8 ^ 0.0 97.4 0 -9,434

- ■ Victoria Park Plaza Operator Ltd - ^ 5.0 15.0 0 -460- * Adda Hotels - ^ 5.6 ^ 0 -42,584- * Marriott Hotels Ltd - ^ 36.9 20.2 218 -351- ■ The Cumberland Guoman Ltd ^ ^ 39.7 ^ 1,133 -3,325- * Britannia Hotels Ltd - ^ 57.6 ^ 620 -5,820

- ■ Comojo (U.K.) Ltd - ^ 70.3 36.8 381 -146- * Yianis Hldgs. Ltd - - 91.6 87.7 - -- * Somerston Hotels UK Ltd - ^ 109.2 191.6 22,833 -16,876- * Forestdale Hotels Ltd - ^ 142.0 46.6 1,662 -2,790- * Longmint Gp. Ltd - - 155.0 ^ - -

- * Marston Hotels Ltd - ^ 165.1 72.8 5,510 -5,518- * De Vere Village Trading No 1 Ltd - ^ 380.7 3.0 451 -35,107- ■ Jarvis Hotels Ltd. - ^ ^ 1.9 3,289 -12,346- * Corus Hotels Ltd - ^ ^ 36.6 1,926 -2,597- ■ Rocco Forte & Family Ltd - - ^ 66.8 - -

- ■ Arora Hotels Ltd - ^ ^ 68.9 947 -5,696- * Pl Hotel Ltd - ^ ^ 115.3 4,370 -3,632- * Festival Gp. Ltd - ^ ^ 122.3 3,289 -8,091- * Hilton Worldwide Ltd - ^ ^ 135.8 8,579 -15,348- * Doyle Hotels (UK) Ltd - ^ ^ 136.9 5,294 -149

- * De Vere Venues Properties Ltd - ^ ^ 145.3 0 -75,888- * Qhotels Gp. Ltd - ^ ^ 167.9 34,149 -34,573- ■ Menzies Hotels Hldgs. Ltd - ^ ^ 196.2 15,980 -22,890- ■ Curzon Hotels (Operator) Ltd - ^ ^ 255.6 7,057 -17,454- * Menzies Hotels Operating Ltd - ^ ^ 336.3 7,252 -12,825

- ■ Endell Gp. Hldgs. Ltd - ^ ^ 338.5 48,300 -53,400- * Bridgemere UK PLC - ^ ^ 1,171.3 2,612 -4,397- ■ Andrew Brownsword Hotels Ltd - ^ ^ ^ 88 -633- ■ Chesterfield (Mayfair) Ltd - ^ ^ ^ 445 -1,732- * De Vere Venice Ltd - ^ ^ ^ 133,761 -352,405

- ■ De Vere Wokefield Park Ltd - ^ ^ - 0 -44,172- ■ Festival Inns Ltd - ^ ^ ^ 608 -2,123- * Guoman Hotel Mgmt. (UK) Ltd ^ ^ ^ ^ 0 -7,623- ■ H L T Stakis Operator Ltd - ^ ^ - 114 -6,486- ■ Maple Hotels 1 Ltd - ^ ^ ^ 68 -15,363

- ■ Park Hotel Heathrow Ltd - ^ ^ ^ 0 -4,582- ■ Park Hotels Mgmt. Ltd - ^ ^ ^ 1 -8,116- ■ Thistle Barbican Tenant Ltd ^ ^ ^ ^ 6 -1,989






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THE HOTEL INDUSTRY

1 * Puma Hotels PLC - 115,500 43,000 8,351 231 22 * Bridgemere UK PLC - 48,394 36,027 27,459 27,149 5613 * Quintain Estates & Development PLC - 47,937 49,136 59,715 10,642 2224 Thistle Barbican Tenant Ltd 27,495 39,397 37,175 26,102 2,876 735 The Cumberland Guoman Ltd 35,055 39,177 20,896 18,388 6,190 158

6 * Guoman Hotel Mgmt. (UK) Ltd 36,189 38,168 34,260 - 6,374 1677 Lomar Hotel Co. Ltd - 36,233 36,895 30,518 3,732 1038 London L.R.G Hotel Ltd - 34,926 33,223 32,865 6,636 1909 Morgans Hotel Gp. London Ltd - 30,832 31,354 29,181 6,043 196

10 Churchill Gp. Ltd - 29,458 28,735 26,862 8,366 284

11 Dorchester Gp. Ltd - 28,879 27,091 24,066 65,180 2,25712 Lomondo Ltd - 28,398 28,156 29,625 6,276 22113 Mandarin Oriental Hyde Park Ltd - 27,950 27,254 26,121 10,146 36314 Royal Garden Hotel Ltd - 26,580 25,486 24,282 8,665 32615 Pennyhill Park Ltd - 26,297 26,289 22,621 5,733 218

16 Firmdale Hotels PLC - 24,788 24,480 23,410 17,327 69917 Park Tower Hotel Ltd (The) - 24,626 27,039 22,558 5,196 21118 Comojo (U.K.) Ltd - 23,690 20,864 17,556 4,430 18719 Hotel Mgmt. Intl. (Hldgs.) Ltd - 23,512 20,303 19,087 11,427 48620 * Ritz Hotel (London) Ltd (The) - 23,388 24,865 22,116 7,905 338

21 Hotel Inter-Continental London Ltd - 23,160 23,407 25,038 7,388 31922 ■ Landmark Hotel London Ltd 21,885 23,142 - - 9,558 41323 F B M London Ltd - 22,887 30,774 26,060 1,213 5324 * Doyle London Hotels Ltd - 22,765 23,495 23,430 2,322 10225 Gloucester Capital Ltd - 22,603 24,018 16,559 3,074 136

26 Templeton Hldgs. Ltd - 21,758 21,705 39,000 5,396 24827 * M W B Gp. Hldgs. PLC - 21,711 22,600 21,668 58,164 2,67928 Arora Hotels Ltd - 21,699 22,390 18,679 13,714 63229 * Doyle Hotels (UK) Ltd - 21,527 22,410 16,345 4,413 20530 Hhr Piccadilly Ltd - 21,443 22,929 19,850 4,889 228

31 St. James Court Hotel Ltd - 21,430 20,243 19,906 5,036 23532 The Westbury Hotel Ltd - 21,301 19,470 17,444 3,962 18633 Curzon Hotels (Operator) Ltd - 21,194 20,339 18,694 21,766 1,02734 The Cavendish Hotel (London) Ltd - 21,144 23,795 21,430 2,199 10435 * Q.M.H Ltd - 20,934 18,651 16,923 69,500 3,320

36 London Britannia Hotel Ltd - 20,866 19,992 18,798 4,361 20937 Endell Gp. Hldgs. Ltd - 20,372 20,910 19,059 65,800 3,23038 * Travelodge Hotels Ltd - 20,352 21,178 19,120 64,700 3,17939 * Lanesborough Mgmt. Ltd - 20,323 21,109 20,519 5,284 26040 Riverbank Hotel Operator Ltd - 20,213 24,547 23,907 3,598 178

41 St Giles Hotel Ltd - 20,048 21,539 20,233 3,368 16842 London Tara Hotel Ltd - 19,728 19,010 18,818 5,445 27643 St. James Hotel Ltd - 19,727 19,182 19,221 3,255 16544 Blackfriars Hotels Ltd - 19,514 18,350 19,046 2,849 14645 Hand Picked Hotels Ltd 20,640 19,365 20,402 19,422 21,418 1,106

46 Prestmade Ltd - 19,330 20,739 21,885 4,040 20947 * The Lancaster Landmark Hotel Co. Ltd - 19,167 18,177 18,227 7,801 40748 C.D.L Hotels (U.K.) Ltd - 19,134 18,256 17,902 7,022 36749 * Imperial London Hotels Ltd (The) - 19,088 22,791 18,795 20,844 1,09250 London May Fair Hotel Ltd - 18,932 17,777 16,132 7,005 370


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51 The Park Lane Hotel Ltd - 18,838 21,485 18,120 4,992 26552 The Berkeley Hotel Ltd - 18,811 18,454 18,116 6,565 34953 Millennium & Copthorne Hotels PLC - 18,722 16,599 15,443 208,400 11,13154 Globalgrange Ltd - 18,677 18,199 17,139 19,480 1,04355 * Edwardian Gp. Ltd - 18,542 18,102 17,377 32,318 1,743

56 Victoria Park Plaza Operator Ltd - 18,479 23,938 25,033 2,199 11957 * Gleneagles Hotels Ltd 15,880 17,647 17,959 17,826 12,035 68258 * Accor UK Bus. & Leisure Hotels Ltd - 17,583 9,822 9,508 38,314 2,17959 Kensington Close Hotel Ltd - 17,521 15,731 14,789 3,732 21360 * J.H. Leeke & Sons Ltd - 17,424 17,283 18,578 13,608 781

61 * L.R.G Hotels Gp. (UK) Ltd - 17,286 16,681 19,695 10,268 59462 Claridge’s Hotel Ltd - 17,245 17,703 16,267 7,812 45363 Chesterfield (Mayfair) Ltd - 17,221 17,384 16,761 11,400 66264 * Pbn Hldgs. Ltd - 16,593 17,811 25,118 2,240 13565 * Hotel Property Investors U.K. Ltd - 16,578 18,375 15,240 8,405 507

66 * J.Townend & Sons (Hull) Ltd - 16,094 13,659 14,335 2,897 18067 Tonstate (Hotels) Ltd - 16,067 13,955 12,645 20,533 1,27868 L.R.G Hotels Ltd - 16,047 16,570 18,051 51,447 3,20669 Park Hotel Heathrow Ltd - 16,031 15,556 13,716 2,068 12970 Crieff Hydro Ltd - 15,497 14,525 14,455 6,106 394

71 * Marriott Hotels Ltd - 15,238 14,763 13,490 134,114 8,80172 G H Hotel Operating Co. Ltd - 15,180 16,983 15,111 11,446 75473 Apex Hotels Ltd - 15,030 14,710 14,869 9,905 65974 North Brit. Trust Hotels Ltd - 14,823 12,795 14,214 7,723 52175 Rezidor Hotel Manchester Ltd - 14,474 14,486 15,635 2,229 154

76 * Whitbread PLC - 14,359 13,656 12,689 370,377 25,79477 Manor House Hotel (Okehampton) Ltd - 14,087 13,322 13,934 4,522 32178 * De Vere Venice Ltd - 14,005 11,870 4,365 129,225 9,22779 Rezidor Hotel Stansted Airport Ltd - 13,953 14,611 12,463 2,093 15080 * Blackpool Pleasure Beach (Hldgs.) Ltd - 13,948 12,962 13,196 10,098 724

81 Park Hotels Mgmt. Ltd - 13,900 12,746 12,516 6,547 47182 * Corus Hotels Ltd - 13,845 13,068 12,491 8,819 63783 Leisureplex Ltd - 13,724 13,323 12,215 4,570 33384 * Somerston Hotels UK Ltd - 13,650 15,052 14,669 10,128 74285 * Kew Green Hotels Ltd - 13,465 10,916 12,975 11,634 864

86 Accor UK Economy Hotels Ltd - 13,353 14,191 13,514 14,141 1,05987 * M F Wells (Hotels) Ltd - 13,326 13,253 13,841 3,225 24288 Firoka (Kings Cross) Ltd 13,347 13,205 13,780 15,709 2,258 17189 * De Vere Village Trading No 1 Ltd - 13,126 12,692 9,739 45,783 3,48890 Andrew Brownsword Hotels Ltd - 13,083 13,221 12,564 5,050 386

91 Maple Hotels 1 Ltd - 12,992 12,909 12,639 23,177 1,78492 Brook Hotels Ltd - 12,914 9,854 10,511 5,437 42193 * Festival Gp. Ltd - 12,880 10,568 10,472 8,784 68294 De Vere Village Hotels & Leisure Ltd - 12,800 8,518 14,222 9,395 73495 Choice Hotels Ltd 13,388 12,614 12,952 12,666 6,017 477

96 Jarvis Hotels Ltd. - 12,533 12,337 11,691 40,080 3,19897 * The Barton Grange Gp. Ltd - 12,417 11,364 12,375 6,618 53398 Oxford Hotels & Inns Mgmt. Ltd - 12,318 11,031 12,913 18,416 1,49599 Lake District Hotels Ltd - 12,306 11,625 12,533 3,815 310

100 * Macdonald Hotels Ltd - 12,293 13,123 12,477 49,294 4,010

101 ■ Jake Feather Hotels Ltd - 12,246 - - 3,784 309102 * Paragon Hotels Ltd - 12,137 11,015 10,322 3,811 314


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103 * Britannia Hotels Ltd - 11,861 9,528 10,199 15,052 1,269104 Strathmore Hotels Ltd - 11,807 11,116 11,949 5,077 430105 Festival Inns Ltd - 11,771 9,699 9,781 4,155 353

106 * L.5.1.N Ltd - 11,651 - - 187,267 16,073107 * Qhotels Gp. Ltd - 11,637 12,729 12,962 36,168 3,108108 Champneys Henlow Ltd - 11,350 11,527 11,412 10,658 939109 * Peel Hotels PLC - 11,307 11,288 11,355 4,975 440110 * Percy R.Brend & Sons (Hoteliers) Ltd - 11,200 12,034 11,972 12,891 1,151

111 * Shearings Hotels Ltd 11,533 11,128 10,515 11,049 19,874 1,786112 * Marston Hotels Ltd - 11,053 12,455 16,988 13,915 1,259113 * Forestdale Hotels Ltd - 11,016 10,758 11,345 9,441 857114 Menzies Hotels Hldgs. Ltd - 10,791 10,441 10,453 13,650 1,265115 * Menzies Hotels Operating Ltd - 10,791 10,441 10,453 13,650 1,265

116 Venice Antler 1 Ltd - 10,643 11,377 5,062 6,684 628117 Centre Island Hotels Ltd - 10,210 11,699 12,442 8,587 841118 Webb Hotels & Travel Ltd - 10,208 10,546 10,266 3,185 312119 * Deckers Restaurants Ltd - 10,187 7,950 8,249 3,871 380120 * B.D.L Select Hotels Ltd 11,477 10,161 9,404 - 4,471 440

121 * Guoman Hotel Hldgs. Ltd 29,151 10,042 7,285 26,088 13,155 1,310122 Hastings Hotels Gp. Ltd - 9,754 11,704 10,475 10,583 1,085123 * Ramside Estates Ltd - 9,632 11,047 1,088 4,373 454124 Ramside Hldgs. Ltd - 8,759 9,842 9,685 4,870 556

- * Longmint Gp. Ltd - - 33,082 34,030 - -

- * Yianis Hldgs. Ltd - - 30,078 28,580 - -- ■ Rocco Forte & Family Ltd - - 18,162 14,873 - -- * Jurys Hotel Gp. (UK) Ltd - - 16,065 15,878 - -- * Premier Inn Hotels Ltd - - - 14,949 - -- * Paramount Hotels Ltd - - - 8,620 - -

- * Adda Hotels - - - - - -- * De Vere Venues Properties Ltd - - - - - -- ■ De Vere Wokefield Park Ltd - - - - - -- ■ H L T Stakis Operator Ltd - - - - - -- ■ H L T Stakis S P E Ltd - - - - - -

- * Hilton Intl. Hotels (UK) Ltd - - - - 11,221 -- * Hilton Worldwide Ltd - - - - 33,710 -- ■ Land Securities (Hotels) Ltd - - - - - -- ■ Malmaison & Hotel Du Vin Property Hldgs. Ltd - - - - - 3- * Pl Hotel Ltd - - - - - 15

- ■ Premier Inn Ltd - - - - 91,311 -- ■ South Bank Hotel Mgmt. Co. Ltd - - - - 2,923 -- ■ Splendid Property Co. Ltd - - - - 4,928 -

Average of companies with 3 years data 17,469 16,762 15,922Total of companies selected 954,025 54,613

Average of companies with 3 years data 17,469 16,762 15,922Total of companies selected 954,025 54,613


Pay per Employee


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Sales per Employee£’000

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Sales Number ofEmployees

£’000

THE HOTEL INDUSTRY

1 * Puma Hotels PLC - 15,000 14,228 32 30,000 22 Malmaison & Hotel Du Vin Property Hldgs. Ltd - 8,753 8,382 4,518 26,260 33 * Pl Hotel Ltd - 921 - - 13,822 154 F B M London Ltd - 272 281 274 14,408 535 The Cumberland Guoman Ltd 243 269 232 191 42,538 158

6 * Quintain Estates & Development PLC - 256 273 195 56,937 2227 Lomar Hotel Co. Ltd - 188 170 160 19,347 1038 Thistle Barbican Tenant Ltd 133 180 177 120 13,121 739 * Pbn Hldgs. Ltd - 171 216 431 23,088 135

10 Victoria Park Plaza Operator Ltd - 154 139 137 18,281 119

11 * Guoman Hotel Hldgs. Ltd 150 152 115 101 198,612 1,31012 London L.R.G Hotel Ltd - 150 152 151 28,572 19013 Morgans Hotel Gp. London Ltd - 146 148 148 28,701 19614 * Festival Gp. Ltd - 143 127 102 97,254 68215 Park Hotel Heathrow Ltd - 142 134 105 18,264 129

16 Hotel Inter-Continental London Ltd - 136 143 120 43,487 31917 Riverbank Hotel Operator Ltd - 134 142 138 23,940 17818 Prestmade Ltd - 126 134 130 26,430 20919 The Cavendish Hotel (London) Ltd - 124 109 99 12,907 10420 Park Tower Hotel Ltd (The) - 123 127 130 25,956 211

21 * Doyle London Hotels Ltd - 119 107 117 12,120 10222 Gloucester Capital Ltd - 118 108 71 16,108 13623 Lomondo Ltd - 117 117 121 25,843 22124 Churchill Gp. Ltd - 114 116 107 32,423 28425 Accor UK Economy Hotels Ltd - 113 117 112 119,700 1,059

26 * Bridgemere UK PLC - 112 62 62 62,788 56127 St. James Court Hotel Ltd - 110 104 109 25,937 23528 Dorchester Gp. Ltd - 108 109 96 243,387 2,25729 Mandarin Oriental Hyde Park Ltd - 107 109 114 39,011 36330 Claridge’s Hotel Ltd - 107 111 102 48,617 453

31 The Berkeley Hotel Ltd - 106 114 118 37,038 34932 * M W B Gp. Hldgs. PLC - 106 102 102 284,299 2,67933 St Giles Hotel Ltd - 100 100 93 16,743 16834 St. James Hotel Ltd - 99 92 94 16,393 16535 Arora Hotels Ltd - 99 88 108 62,603 632

36 Rezidor Hotel Stansted Airport Ltd - 98 101 93 14,708 15037 Hhr Piccadilly Ltd - 96 102 97 21,848 22838 C.D.L Hotels (U.K.) Ltd - 93 84 78 34,224 36739 London May Fair Hotel Ltd - 93 89 84 34,385 37040 * Travelodge Hotels Ltd - 93 98 86 294,400 3,179

41 Endell Gp. Hldgs. Ltd - 92 97 85 297,300 3,23042 The Westbury Hotel Ltd - 92 97 95 17,046 18643 * Deckers Restaurants Ltd - 92 67 72 34,770 38044 * Somerston Hotels UK Ltd - 91 97 98 67,707 74245 * Guoman Hotel Mgmt. (UK) Ltd 131 91 71 - 15,119 167

46 * Lanesborough Mgmt. Ltd - 90 94 99 23,477 26047 Rezidor Hotel Manchester Ltd - 90 94 88 13,893 15448 London Britannia Hotel Ltd - 90 80 76 18,765 20949 London Tara Hotel Ltd - 87 85 82 24,012 27650 * Accor UK Bus. & Leisure Hotels Ltd - 87 48 45 189,064 2,179


Sales per Employee


LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08 09/10 09/10


£’000

51 Hotel Mgmt. Intl. (Hldgs.) Ltd - 85 95 81 41,228 48652 Blackfriars Hotels Ltd - 85 87 92 12,357 14653 * Paragon Hotels Ltd - 84 77 74 26,523 31454 * J.Townend & Sons (Hull) Ltd - 84 71 75 15,190 18055 * Ritz Hotel (London) Ltd (The) - 84 96 86 28,412 338

56 * J.H. Leeke & Sons Ltd - 84 73 80 65,603 78157 The Park Lane Hotel Ltd - 83 89 87 22,090 26558 Firoka (Kings Cross) Ltd 80 83 96 123 14,243 17159 * M F Wells (Hotels) Ltd - 81 79 73 19,586 24260 * Doyle Hotels (UK) Ltd - 81 80 73 16,580 205

61 Curzon Hotels (Operator) Ltd - 80 72 68 81,806 1,02762 Comojo (U.K.) Ltd - 77 74 77 14,486 18763 G H Hotel Operating Co. Ltd - 76 67 60 57,611 75464 Tonstate (Hotels) Ltd - 76 64 60 97,391 1,27865 * Q.M.H Ltd - 76 73 65 250,700 3,320

66 ■ Landmark Hotel London Ltd 73 73 - - 30,177 41367 Firmdale Hotels PLC - 72 72 70 50,556 69968 Pennyhill Park Ltd - 72 76 66 15,731 21869 Kensington Close Hotel Ltd - 70 77 78 14,892 21370 Globalgrange Ltd - 70 70 71 72,817 1,043

71 * The Lancaster Landmark Hotel Co. Ltd - 70 73 72 28,370 40772 Royal Garden Hotel Ltd - 68 74 75 22,204 32673 * Edwardian Gp. Ltd - 68 68 69 118,292 1,74374 * L.5.1.N Ltd - 66 - - 1,067,214 16,07375 * L.R.G Hotels Gp. (UK) Ltd - 63 63 74 37,625 594

76 * Hotel Property Investors U.K. Ltd - 63 68 57 31,763 50777 ■ Templeton Hldgs. Ltd - 61 66 - 15,106 24878 Millennium & Copthorne Hotels PLC - 59 55 52 654,000 11,13179 * Imperial London Hotels Ltd (The) - 56 55 50 61,155 1,09280 Park Hotels Mgmt. Ltd - 56 52 47 26,309 471

81 L.R.G Hotels Ltd - 55 57 64 175,643 3,20682 * Whitbread PLC - 55 51 45 1,407,925 25,79483 Hand Picked Hotels Ltd 55 53 61 55 58,347 1,10684 Chesterfield (Mayfair) Ltd - 52 52 50 34,567 66285 * Gleneagles Hotels Ltd 44 52 57 58 35,579 682

86 Apex Hotels Ltd - 51 48 48 33,858 65987 Maple Hotels 1 Ltd - 51 58 60 91,273 1,78488 ■ Jake Feather Hotels Ltd - 51 - - 15,658 30989 * De Vere Venice Ltd - 50 44 42 465,127 9,22790 * Kew Green Hotels Ltd - 48 46 52 41,660 864

91 De Vere Village Hotels & Leisure Ltd - 47 29 49 34,393 73492 North Brit. Trust Hotels Ltd - 46 40 42 23,962 52193 Webb Hotels & Travel Ltd - 45 50 50 14,140 31294 Manor House Hotel (Okehampton) Ltd - 44 40 40 14,175 32195 * De Vere Village Trading No 1 Ltd - 43 39 31 150,773 3,488

96 Crieff Hydro Ltd - 43 40 39 16,788 39497 Lake District Hotels Ltd - 42 39 43 13,100 31098 Festival Inns Ltd - 42 31 31 14,797 35399 Leisureplex Ltd - 41 38 37 13,765 333

100 * Britannia Hotels Ltd - 41 34 35 52,249 1,269

101 * Corus Hotels Ltd - 40 38 36 25,474 637102 * The Barton Grange Gp. Ltd - 40 34 34 21,175 533


Sales per Employee


LeagueTablePosition

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Accounts


10/11 09/10 08/09 07/08 09/10 09/10


£’000

103 * Shearings Hotels Ltd 39 40 37 36 70,655 1,786104 * Blackpool Pleasure Beach (Hldgs.) Ltd - 39 31 35 28,106 724105 Brook Hotels Ltd - 38 32 30 16,061 421

106 Centre Island Hotels Ltd - 38 42 45 31,841 841107 * Qhotels Gp. Ltd - 38 43 42 116,728 3,108108 Venice Antler 1 Ltd - 37 36 16 23,401 628109 Jarvis Hotels Ltd. - 37 38 36 119,135 3,198110 * Marston Hotels Ltd - 36 42 59 45,334 1,259

111 Oxford Hotels & Inns Mgmt. Ltd - 36 31 35 53,361 1,495112 Menzies Hotels Hldgs. Ltd - 36 33 35 45,027 1,265113 Andrew Brownsword Hotels Ltd - 34 31 29 13,314 386114 Champneys Henlow Ltd - 33 32 32 30,954 939115 * B.D.L Select Hotels Ltd 36 33 31 - 14,354 440

116 Strathmore Hotels Ltd - 32 31 33 13,913 430117 * Peel Hotels PLC - 32 33 36 14,186 440118 * Menzies Hotels Operating Ltd - 32 32 35 40,338 1,265119 * Macdonald Hotels Ltd - 31 33 33 125,999 4,010120 * Forestdale Hotels Ltd - 31 31 32 26,171 857

121 * Ramside Estates Ltd - 30 33 33 13,820 454122 Hastings Hotels Gp. Ltd - 30 36 34 32,864 1,085123 Choice Hotels Ltd 31 30 30 29 14,196 477124 Ramside Hldgs. Ltd - 29 31 29 16,294 556125 * Percy R.Brend & Sons (Hoteliers) Ltd - 27 29 29 30,852 1,151

126 * Marriott Hotels Ltd - 18 18 16 158,390 8,801- * Yianis Hldgs. Ltd - - 222 183 - -- * Longmint Gp. Ltd - - 161 145 - -- * Jurys Hotel Gp. (UK) Ltd - - 90 65 12,118 -- ■ Rocco Forte & Family Ltd - - 70 65 - -

- * Premier Inn Hotels Ltd - - - 46 44,958 -- * Paramount Hotels Ltd - - - 34 13,039 -- * Adda Hotels - - - - 121,877 -- * De Vere Venues Properties Ltd - - - - 30,394 -- ■ De Vere Wokefield Park Ltd - - - - 16,396 -

- ■ H L T Stakis Operator Ltd - - - - 47,106 -- ■ H L T Stakis S P E Ltd - - - - 31,586 -- * Hilton Intl. Hotels (UK) Ltd - - - - 56,347 -- * Hilton Worldwide Ltd - - - - 102,549 -- ■ Land Securities (Hotels) Ltd - - - - 26,253 -

- ■ Premier Inn Ltd - - - - 476,082 -- ■ South Bank Hotel Mgmt. Co. Ltd - - - - 19,074 -- ■ Splendid Property Co. Ltd - - - - 19,927 -

Average of companies with 3 years data 67 66 63Total of companies selected 3,649,087 54,368



Sales per Employee


LeagueTablePosition

RecentlyFiled

Accounts

Capital Employed per Employee£’000

10/11 09/10 08/09 07/08 09/10 09/10

CapitalEmployed

Number ofEmployees

£’000

THE HOTEL INDUSTRY

1 * Puma Hotels PLC - 233,660 70,645 215 467,321 22 Malmaison & Hotel Du Vin Property Hldgs. Ltd - 78,703 -11,736 98,283 236,110 33 * Quintain Estates & Development PLC - 4,841 4,281 5,879 1,074,632 2224 * Pl Hotel Ltd - 4,587 - - 68,807 155 * Pbn Hldgs. Ltd - 2,406 3,983 2,833 324,818 135

6 The Cavendish Hotel (London) Ltd - 1,141 932 788 118,710 1047 London May Fair Hotel Ltd - 894 863 883 330,721 3708 Prestmade Ltd - 868 892 910 181,480 2099 The Westbury Hotel Ltd - 750 616 696 139,565 186

10 Claridge’s Hotel Ltd - 623 563 527 282,385 453

11 The Berkeley Hotel Ltd - 622 607 585 217,073 34912 F B M London Ltd - 595 605 612 31,533 5313 * Guoman Hotel Hldgs. Ltd 364 553 385 369 724,209 1,31014 Mandarin Oriental Hyde Park Ltd - 547 490 487 198,583 36315 * The Lancaster Landmark Hotel Co. Ltd - 524 368 368 213,078 407

16 Firoka (Kings Cross) Ltd 450 491 433 1,223 83,934 17117 ■ Landmark Hotel London Ltd 450 479 - - 197,761 41318 * Ritz Hotel (London) Ltd (The) - 476 501 473 160,919 33819 * Doyle London Hotels Ltd - 465 471 486 47,437 10220 * Gleneagles Hotels Ltd 387 428 426 457 292,212 682

21 Hotel Inter-Continental London Ltd - 426 394 402 136,046 31922 Globalgrange Ltd - 425 546 465 443,580 1,04323 Dorchester Gp. Ltd - 416 435 347 939,213 2,25724 * Somerston Hotels UK Ltd - 408 444 603 302,713 74225 * Edwardian Gp. Ltd - 396 387 446 690,352 1,743

26 Tonstate (Hotels) Ltd - 390 321 317 498,039 1,27827 Gloucester Capital Ltd - 380 336 -34 51,698 13628 London Britannia Hotel Ltd - 376 333 317 78,600 20929 St. James Court Hotel Ltd - 363 333 369 85,302 23530 Kensington Close Hotel Ltd - 333 356 381 70,883 213

31 * De Vere Village Trading No 1 Ltd - 317 248 131 1,105,602 3,48832 Apex Hotels Ltd - 305 261 244 201,234 65933 St. James Hotel Ltd - 298 242 238 49,215 16534 L.R.G Hotels Ltd - 290 265 285 929,733 3,20635 * Travelodge Hotels Ltd - 285 286 296 905,200 3,179

36 * Corus Hotels Ltd - 283 257 240 180,022 63737 Blackfriars Hotels Ltd - 282 252 279 41,239 14638 * Lanesborough Mgmt. Ltd - 266 87 104 69,140 26039 Firmdale Hotels PLC - 256 234 213 179,056 69940 London L.R.G Hotel Ltd - 243 201 188 46,149 190

41 London Tara Hotel Ltd - 231 210 213 63,867 27642 Millennium & Copthorne Hotels PLC - 224 210 167 2,498,200 11,13143 Endell Gp. Hldgs. Ltd - 217 239 254 701,800 3,23044 * Bridgemere UK PLC - 216 253 277 121,400 56145 Lomondo Ltd - 211 199 232 46,665 221

46 * M W B Gp. Hldgs. PLC - 210 97 246 562,845 2,67947 * Q.M.H Ltd - 195 195 211 645,800 3,32048 * Doyle Hotels (UK) Ltd - 189 209 225 38,653 20549 Royal Garden Hotel Ltd - 188 189 355 61,231 32650 Pennyhill Park Ltd - 184 186 150 40,086 218


Capital Employed per Employee


LeagueTablePosition

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Accounts


10/11 09/10 08/09 07/08 09/10 09/10

CapitalEmployed

Number ofEmployees

£’000

51 Hotel Mgmt. Intl. (Hldgs.) Ltd - 172 171 144 83,790 48652 Rezidor Hotel Manchester Ltd - 159 139 122 24,490 15453 ■ Jake Feather Hotels Ltd - 158 - - 48,955 30954 Hand Picked Hotels Ltd 144 148 166 161 163,159 1,10655 Andrew Brownsword Hotels Ltd - 146 142 151 56,476 386

56 Churchill Gp. Ltd - 142 115 108 40,454 28457 * Qhotels Gp. Ltd - 129 167 189 400,788 3,10858 * De Vere Venice Ltd - 126 144 162 1,165,603 9,22759 * B.D.L Select Hotels Ltd 121 118 103 - 52,132 44060 * J.H. Leeke & Sons Ltd - 118 93 92 91,912 781

61 Centre Island Hotels Ltd - 115 147 126 96,742 84162 Accor UK Economy Hotels Ltd - 111 103 94 117,170 1,05963 * Imperial London Hotels Ltd (The) - 105 94 88 115,022 1,09264 C.D.L Hotels (U.K.) Ltd - 105 227 217 38,537 36765 Lake District Hotels Ltd - 102 81 93 31,751 310

66 * Accor UK Bus. & Leisure Hotels Ltd - 98 54 45 213,202 2,17967 * Whitbread PLC - 89 86 65 2,289,600 25,79468 St Giles Hotel Ltd - 86 77 68 14,368 16869 The Park Lane Hotel Ltd - 85 89 93 22,510 26570 * M F Wells (Hotels) Ltd - 82 77 85 19,963 242

71 Leisureplex Ltd - 82 47 44 27,168 33372 * Peel Hotels PLC - 81 68 69 35,755 44073 Hhr Piccadilly Ltd - 77 84 88 17,591 22874 Morgans Hotel Gp. London Ltd - 72 538 587 14,056 19675 * Britannia Hotels Ltd - 71 58 61 90,408 1,269

76 Comojo (U.K.) Ltd - 71 34 94 13,321 18777 North Brit. Trust Hotels Ltd - 66 52 49 34,515 52178 Champneys Henlow Ltd - 62 24 26 58,530 93979 Strathmore Hotels Ltd - 61 57 58 26,082 43080 Webb Hotels & Travel Ltd - 60 58 55 18,819 312

81 Lomar Hotel Co. Ltd - 60 22 49 6,137 10382 Crieff Hydro Ltd - 58 54 44 22,899 39483 Jarvis Hotels Ltd. - 54 55 53 173,735 3,19884 * Forestdale Hotels Ltd - 48 48 45 41,420 85785 Chesterfield (Mayfair) Ltd - 45 40 36 29,927 662

86 Brook Hotels Ltd - 44 24 24 18,364 42187 * Hotel Property Investors U.K. Ltd - 43 47 30 21,914 50788 Manor House Hotel (Okehampton) Ltd - 41 41 37 13,131 32189 Curzon Hotels (Operator) Ltd - 39 52 31 40,363 1,02790 * Ramside Estates Ltd - 39 41 40 17,777 454

91 * Deckers Restaurants Ltd - 37 22 23 13,874 38092 * The Barton Grange Gp. Ltd - 36 31 35 19,372 53393 Venice Antler 1 Ltd - 34 145 155 21,108 62894 * L.R.G Hotels Gp. (UK) Ltd - 33 31 27 19,807 59495 * J.Townend & Sons (Hull) Ltd - 31 32 30 5,659 180

96 Hastings Hotels Gp. Ltd - 30 35 33 32,676 1,08597 Rezidor Hotel Stansted Airport Ltd - 28 27 19 4,170 15098 Ramside Hldgs. Ltd - 27 28 28 14,818 55699 * Blackpool Pleasure Beach (Hldgs.) Ltd - 23 16 22 16,422 724

100 * Festival Gp. Ltd - 22 89 94 15,251 682

101 * Marston Hotels Ltd - 21 40 51 26,085 1,259102 Choice Hotels Ltd 21 18 18 18 8,788 477




LeagueTablePosition

RecentlyFiled

Accounts


10/11 09/10 08/09 07/08 09/10 09/10

CapitalEmployed

Number ofEmployees

£’000

103 Park Tower Hotel Ltd (The) - 15 12 29 3,259 211104 * Macdonald Hotels Ltd - 15 89 76 59,004 4,010105 * Guoman Hotel Mgmt. (UK) Ltd 10 13 36 - 2,199 167

106 Templeton Hldgs. Ltd - 11 8 118 2,839 248107 * Shearings Hotels Ltd 11 11 59 74 19,375 1,786108 G H Hotel Operating Co. Ltd - 6 6 4 4,337 754109 * Percy R.Brend & Sons (Hoteliers) Ltd - 6 6 11 6,576 1,151110 * Paragon Hotels Ltd - 4 6 198 1,306 314

111 Arora Hotels Ltd - 4 15 56 2,455 632112 Oxford Hotels & Inns Mgmt. Ltd - 2 1 1 2,253 1,495113 * Marriott Hotels Ltd - 1 1 1 5,121 8,801114 * Kew Green Hotels Ltd - -2 4 5 -1,907 864115 De Vere Village Hotels & Leisure Ltd - -13 -17 289 -9,285 734

116 Maple Hotels 1 Ltd - -15 -6 -2 -26,501 1,784117 Victoria Park Plaza Operator Ltd - -15 -11 -23 -1,844 119118 Festival Inns Ltd - -27 -12 -5 -9,367 353119 * Menzies Hotels Operating Ltd - -31 -12 -4 -38,656 1,265120 * L.5.1.N Ltd - -32 - - -516,443 16,073

121 Park Hotels Mgmt. Ltd - -32 -15 -7 -15,164 471122 Park Hotel Heathrow Ltd - -37 -1 5 -4,736 129123 Riverbank Hotel Operator Ltd - -40 -41 -37 -7,051 178124 Menzies Hotels Hldgs. Ltd - -50 -2 25 -62,702 1,265125 The Cumberland Guoman Ltd -132 -99 -56 -60 -15,653 158

126 Thistle Barbican Tenant Ltd -109 -108 -71 -38 -7,892 73- * Yianis Hldgs. Ltd - - 2,830 2,539 - -- * Jurys Hotel Gp. (UK) Ltd - - 726 515 103,214 -- ■ Rocco Forte & Family Ltd - - 224 169 - -- * Longmint Gp. Ltd - - 211 205 - -

- * Premier Inn Hotels Ltd - - - 198 511,051 -- * Paramount Hotels Ltd - - - 139 108,406 -- * Adda Hotels - - - - 62,561 -- * De Vere Venues Properties Ltd - - - - 362,992 -- ■ De Vere Wokefield Park Ltd - - - - -56,435 -

- ■ H L T Stakis Operator Ltd - - - - 5,085 -- ■ H L T Stakis S P E Ltd - - - - 79,545 -- * Hilton Intl. Hotels (UK) Ltd - - - - 156,028 -- * Hilton Worldwide Ltd - - - - 683,187 -- ■ Land Securities (Hotels) Ltd - - - - 21,962 -

- ■ Premier Inn Ltd - - - - 256,797 -- ■ South Bank Hotel Mgmt. Co. Ltd - - - - 91 -- ■ Splendid Property Co. Ltd - - - - 124,478 -






LeagueTablePosition

RecentlyFiled

Accounts

Pay / Sales%

10/11 09/10 08/09 07/08 09/10 09/10

EmployeePay

Sales

£’000 £’000

THE HOTEL INDUSTRY

1 * Marriott Hotels Ltd - 84.7 83.6 83.2 134,114 158,3902 * Bridgemere UK PLC - 43.2 58.0 44.3 27,149 62,7883 Choice Hotels Ltd 42.7 42.4 43.7 42.9 6,017 14,1964 * Guoman Hotel Mgmt. (UK) Ltd 27.6 42.2 48.5 - 6,374 15,1195 * Percy R.Brend & Sons (Hoteliers) Ltd - 41.8 41.9 40.9 12,891 30,852

6 * Macdonald Hotels Ltd - 39.1 40.2 37.8 49,294 125,9997 Royal Garden Hotel Ltd - 39.0 34.4 32.3 8,665 22,2048 Andrew Brownsword Hotels Ltd - 37.9 43.0 43.1 5,050 13,3149 Hand Picked Hotels Ltd 37.7 36.7 33.5 35.2 21,418 58,347

10 Strathmore Hotels Ltd - 36.5 36.3 36.6 5,077 13,913

11 Pennyhill Park Ltd - 36.4 34.5 34.5 5,733 15,73112 Crieff Hydro Ltd - 36.4 36.7 36.8 6,106 16,78813 * Forestdale Hotels Ltd - 36.1 35.1 35.4 9,441 26,17114 * Blackpool Pleasure Beach (Hldgs.) Ltd - 35.9 42.3 37.3 10,098 28,10615 ■ Templeton Hldgs. Ltd - 35.7 32.9 - 5,396 15,106

16 * Peel Hotels PLC - 35.1 34.5 31.9 4,975 14,18617 * Corus Hotels Ltd - 34.6 34.5 34.5 8,819 25,47418 Oxford Hotels & Inns Mgmt. Ltd - 34.5 35.9 37.0 18,416 53,36119 Champneys Henlow Ltd - 34.4 35.6 35.8 10,658 30,95420 Firmdale Hotels PLC - 34.3 34.0 33.5 17,327 50,556

21 * Imperial London Hotels Ltd (The) - 34.1 41.7 37.6 20,844 61,15522 Brook Hotels Ltd - 33.9 31.1 34.5 5,437 16,06123 * Menzies Hotels Operating Ltd - 33.8 32.8 30.1 13,650 40,33824 * Gleneagles Hotels Ltd 35.7 33.8 31.8 30.5 12,035 35,57925 Jarvis Hotels Ltd. - 33.6 32.8 32.8 40,080 119,135

26 Leisureplex Ltd - 33.2 35.2 33.4 4,570 13,76527 Chesterfield (Mayfair) Ltd - 33.0 33.2 33.4 11,400 34,56728 * Hilton Worldwide Ltd - 32.9 - 29.7 33,710 102,54929 North Brit. Trust Hotels Ltd - 32.2 31.7 34.1 7,723 23,96230 Hastings Hotels Gp. Ltd - 32.2 32.3 30.6 10,583 32,864

31 Manor House Hotel (Okehampton) Ltd - 31.9 33.4 35.0 4,522 14,17532 Millennium & Copthorne Hotels PLC - 31.9 30.2 29.9 208,400 654,00033 ■ Landmark Hotel London Ltd 30.0 31.7 - - 9,558 30,17734 * Ramside Estates Ltd - 31.6 33.6 3.2 4,373 13,82035 * The Barton Grange Gp. Ltd - 31.3 33.4 36.1 6,618 21,175

36 * B.D.L Select Hotels Ltd 32.3 31.1 30.7 - 4,471 14,35437 * Qhotels Gp. Ltd - 31.0 29.8 30.6 36,168 116,72838 * Marston Hotels Ltd - 30.7 29.4 29.0 13,915 45,33439 Comojo (U.K.) Ltd - 30.6 28.4 22.9 4,430 14,48640 * De Vere Village Trading No 1 Ltd - 30.4 32.8 31.2 45,783 150,773

41 Menzies Hotels Hldgs. Ltd - 30.3 31.2 30.1 13,650 45,02742 Ramside Hldgs. Ltd - 29.9 32.1 33.7 4,870 16,29443 L.R.G Hotels Ltd - 29.3 29.0 28.4 51,447 175,64344 Apex Hotels Ltd - 29.3 30.9 30.8 9,905 33,85845 Lake District Hotels Ltd - 29.1 29.5 28.9 3,815 13,100

46 * Britannia Hotels Ltd - 28.8 27.9 28.7 15,052 52,24947 Venice Antler 1 Ltd - 28.6 31.6 31.7 6,684 23,40148 * Shearings Hotels Ltd 29.5 28.1 28.1 30.3 19,874 70,65549 Festival Inns Ltd - 28.1 31.3 31.5 4,155 14,79750 * Kew Green Hotels Ltd - 27.9 23.9 25.0 11,634 41,660


Pay / Sales


LeagueTablePosition

RecentlyFiled

Accounts

Pay / Sales%

10/11 09/10 08/09 07/08 09/10 09/10

EmployeePay

Sales

£’000 £’000

51 * Ritz Hotel (London) Ltd (The) - 27.8 26.0 25.6 7,905 28,41252 * De Vere Venice Ltd - 27.8 27.0 10.4 129,225 465,12753 * Q.M.H Ltd - 27.7 25.7 26.1 69,500 250,70054 Hotel Mgmt. Intl. (Hldgs.) Ltd - 27.7 21.4 23.4 11,427 41,22855 * The Lancaster Landmark Hotel Co. Ltd - 27.5 24.8 25.2 7,801 28,370

56 * Edwardian Gp. Ltd - 27.3 26.7 25.3 32,318 118,29257 De Vere Village Hotels & Leisure Ltd - 27.3 29.0 29.0 9,395 34,39358 * L.R.G Hotels Gp. (UK) Ltd - 27.3 26.4 26.8 10,268 37,62559 Centre Island Hotels Ltd - 27.0 27.6 27.4 8,587 31,84160 Dorchester Gp. Ltd - 26.8 24.8 25.0 65,180 243,387

61 Globalgrange Ltd - 26.8 26.1 24.3 19,480 72,81762 * Doyle Hotels (UK) Ltd - 26.6 28.0 22.5 4,413 16,58063 Curzon Hotels (Operator) Ltd - 26.6 28.3 27.6 21,766 81,80664 * Hotel Property Investors U.K. Ltd - 26.5 27.2 26.9 8,405 31,76365 * Whitbread PLC - 26.3 27.0 28.3 370,377 1,407,925

66 Mandarin Oriental Hyde Park Ltd - 26.0 25.1 23.0 10,146 39,01167 Churchill Gp. Ltd - 25.8 24.7 25.1 8,366 32,42368 Maple Hotels 1 Ltd - 25.4 22.2 21.1 23,177 91,27369 Kensington Close Hotel Ltd - 25.1 20.4 19.0 3,732 14,89270 Park Hotels Mgmt. Ltd - 24.9 24.4 26.4 6,547 26,309

71 ■ Splendid Property Co. Ltd - 24.7 26.2 - 4,928 19,92772 Lomondo Ltd - 24.3 24.1 24.4 6,276 25,84373 ■ Jake Feather Hotels Ltd - 24.2 - - 3,784 15,65874 The Westbury Hotel Ltd - 23.2 20.0 18.4 3,962 17,04675 London Britannia Hotel Ltd - 23.2 25.1 24.8 4,361 18,765

76 London L.R.G Hotel Ltd - 23.2 21.8 21.7 6,636 28,57277 Blackfriars Hotels Ltd - 23.1 21.0 20.8 2,849 12,35778 London Tara Hotel Ltd - 22.7 22.4 23.0 5,445 24,01279 The Park Lane Hotel Ltd - 22.6 24.3 20.7 4,992 22,09080 Webb Hotels & Travel Ltd - 22.5 21.2 20.4 3,185 14,140

81 * Lanesborough Mgmt. Ltd - 22.5 22.5 20.8 5,284 23,47782 Hhr Piccadilly Ltd - 22.4 22.4 20.6 4,889 21,84883 Endell Gp. Hldgs. Ltd - 22.1 21.6 22.4 65,800 297,30084 * Travelodge Hotels Ltd - 22.0 21.7 22.3 64,700 294,40085 Thistle Barbican Tenant Ltd 20.6 21.9 21.0 21.7 2,876 13,121

86 Arora Hotels Ltd - 21.9 25.4 17.4 13,714 62,60387 Tonstate (Hotels) Ltd - 21.1 21.8 21.1 20,533 97,39188 Morgans Hotel Gp. London Ltd - 21.1 21.1 19.7 6,043 28,70189 * J.H. Leeke & Sons Ltd - 20.7 23.6 23.2 13,608 65,60390 C.D.L Hotels (U.K.) Ltd - 20.5 21.8 23.0 7,022 34,224

91 * M W B Gp. Hldgs. PLC - 20.5 22.2 21.2 58,164 284,29992 London May Fair Hotel Ltd - 20.4 20.0 19.2 7,005 34,38593 * Accor UK Bus. & Leisure Hotels Ltd - 20.3 20.4 21.0 38,314 189,06494 St Giles Hotel Ltd - 20.1 21.6 21.7 3,368 16,74395 Park Tower Hotel Ltd (The) - 20.0 21.2 17.4 5,196 25,956

96 * Hilton Intl. Hotels (UK) Ltd - 19.9 - 20.4 11,221 56,34797 G H Hotel Operating Co. Ltd - 19.9 25.2 25.3 11,446 57,61198 St. James Hotel Ltd - 19.9 20.8 20.4 3,255 16,39399 St. James Court Hotel Ltd - 19.4 19.5 18.3 5,036 25,937

100 Lomar Hotel Co. Ltd - 19.3 21.7 19.0 3,732 19,347

101 ■ Premier Inn Ltd - 19.2 - - 91,311 476,082102 * Doyle London Hotels Ltd - 19.2 22.0 20.0 2,322 12,120


Pay / Sales


LeagueTablePosition

RecentlyFiled

Accounts

Pay / Sales%

10/11 09/10 08/09 07/08 09/10 09/10

EmployeePay

Sales

£’000 £’000

103 Gloucester Capital Ltd - 19.1 22.3 23.2 3,074 16,108104 * J.Townend & Sons (Hull) Ltd - 19.1 19.2 19.2 2,897 15,190105 * Quintain Estates & Development PLC - 18.7 18.0 30.6 10,642 56,937

106 The Berkeley Hotel Ltd - 17.7 16.3 15.4 6,565 37,038107 * L.5.1.N Ltd - 17.5 - - 187,267 1,067,214108 The Cavendish Hotel (London) Ltd - 17.0 21.7 21.7 2,199 12,907109 Hotel Inter-Continental London Ltd - 17.0 16.4 20.9 7,388 43,487110 * M F Wells (Hotels) Ltd - 16.5 16.8 18.9 3,225 19,586

111 Claridge’s Hotel Ltd - 16.1 15.9 15.9 7,812 48,617112 Rezidor Hotel Manchester Ltd - 16.0 15.4 17.7 2,229 13,893113 Firoka (Kings Cross) Ltd 16.6 15.9 14.3 12.7 2,258 14,243114 ■ South Bank Hotel Mgmt. Co. Ltd - 15.3 14.8 - 2,923 19,074115 Prestmade Ltd - 15.3 15.5 16.9 4,040 26,430

116 Riverbank Hotel Operator Ltd - 15.0 17.3 17.3 3,598 23,940117 * Somerston Hotels UK Ltd - 15.0 15.5 15.0 10,128 67,707118 The Cumberland Guoman Ltd 14.4 14.6 9.0 9.6 6,190 42,538119 * Paragon Hotels Ltd - 14.4 14.3 14.0 3,811 26,523120 Rezidor Hotel Stansted Airport Ltd - 14.2 14.5 13.4 2,093 14,708

121 Victoria Park Plaza Operator Ltd - 12.0 17.2 18.3 2,199 18,281122 Accor UK Economy Hotels Ltd - 11.8 12.1 12.0 14,141 119,700123 Park Hotel Heathrow Ltd - 11.3 11.6 13.0 2,068 18,264124 * Deckers Restaurants Ltd - 11.1 11.9 11.4 3,871 34,770125 * Pbn Hldgs. Ltd - 9.7 8.3 5.8 2,240 23,088

126 * Festival Gp. Ltd - 9.0 8.3 10.2 8,784 97,254127 F B M London Ltd - 8.4 10.9 9.5 1,213 14,408128 * Guoman Hotel Hldgs. Ltd 19.4 6.6 6.3 25.9 13,155 198,612129 * Puma Hotels PLC - 0.8 0.3 26.4 231 30,000

- ■ H L T Stakis S P E Ltd - - 30.9 - - 31,586

- ■ H L T Stakis Operator Ltd - - 26.7 - - 47,106- ■ Rocco Forte & Family Ltd - - 25.8 22.7 - -- * Longmint Gp. Ltd - - 20.5 23.5 - -- * Jurys Hotel Gp. (UK) Ltd - - 17.9 24.4 - 12,118- * Yianis Hldgs. Ltd - - 13.5 15.6 - -

- * Premier Inn Hotels Ltd - - - 32.2 - 44,958- * Paramount Hotels Ltd - - - 25.7 - 13,039- * Adda Hotels - - - - - 121,877- * De Vere Venues Properties Ltd - - - - - 30,394- ■ De Vere Wokefield Park Ltd - - - - - 16,396

- ■ Land Securities (Hotels) Ltd - - - - - 26,253- ■ Malmaison & Hotel Du Vin Property Hldgs. Ltd - - - - - 26,260- * Pl Hotel Ltd - - - - - 13,822




Pay / Sales


LeagueTablePosition

RecentlyFiled

Accounts

Exports / Sales%

10/11 09/10 08/09 07/08 09/10 09/10

Exports Sales

£’000 £’000

THE HOTEL INDUSTRY

1 * Marriott Hotels Ltd - 100.0 0.0 0.0 158,390 158,3902 Millennium & Copthorne Hotels PLC - 79.1 86.7 86.3 517,300 654,0003 Dorchester Gp. Ltd - 71.4 71.9 70.6 173,808 243,3874 * Q.M.H Ltd - 67.3 65.8 60.2 168,700 250,7005 * Hotel Property Investors U.K. Ltd - 35.1 30.4 24.1 11,141 31,763

6 * L.5.1.N Ltd - 25.7 - - 274,324 1,067,2147 * M W B Gp. Hldgs. PLC - 3.5 - - 10,065 284,2998 Chesterfield (Mayfair) Ltd - 2.2 1.8 2.0 761 34,5679 * Whitbread PLC - 0.9 0.0 0.0 13,343 1,407,925

10 * Forestdale Hotels Ltd - 0.0 0.0 1.2 0 26,171

11 * Accor UK Bus. & Leisure Hotels Ltd - 0.0 0.0 0.0 0 189,06412 Accor UK Economy Hotels Ltd - 0.0 0.0 0.0 0 119,70013 * Adda Hotels - 0.0 0.0 0.0 0 121,87714 Andrew Brownsword Hotels Ltd - 0.0 0.0 0.0 0 13,31415 Apex Hotels Ltd - 0.0 0.0 0.0 0 33,858

16 Blackfriars Hotels Ltd - 0.0 0.0 0.0 0 12,35717 * Blackpool Pleasure Beach (Hldgs.) Ltd - 0.0 0.0 0.0 0 28,10618 * Bridgemere UK PLC - 0.0 0.0 0.0 0 62,78819 * Britannia Hotels Ltd - 0.0 0.0 0.0 0 52,24920 C.D.L Hotels (U.K.) Ltd - 0.0 0.0 0.0 0 34,224

21 Centre Island Hotels Ltd - 0.0 0.0 0.0 0 31,84122 Champneys Henlow Ltd - 0.0 0.0 0.0 0 30,95423 Choice Hotels Ltd 0.0 0.0 0.0 0.0 0 14,19624 Churchill Gp. Ltd - 0.0 0.0 0.0 0 32,42325 Claridge’s Hotel Ltd - 0.0 0.0 0.0 0 48,617

26 Comojo (U.K.) Ltd - 0.0 0.0 0.0 0 14,48627 De Vere Village Hotels & Leisure Ltd - 0.0 0.0 0.0 0 34,39328 * Deckers Restaurants Ltd - 0.0 0.0 0.0 0 34,77029 * Doyle Hotels (UK) Ltd - 0.0 0.0 0.0 0 16,58030 * Doyle London Hotels Ltd - 0.0 0.0 0.0 0 12,120

31 * Edwardian Gp. Ltd - 0.0 0.0 0.0 0 118,29232 Festival Inns Ltd - 0.0 0.0 0.0 0 14,79733 Firmdale Hotels PLC - 0.0 0.0 0.0 0 50,55634 G H Hotel Operating Co. Ltd - 0.0 0.0 0.0 0 57,61135 Globalgrange Ltd - 0.0 0.0 0.0 0 72,817

36 Gloucester Capital Ltd - 0.0 0.0 0.0 0 16,10837 Hhr Piccadilly Ltd - 0.0 0.0 0.0 0 21,84838 * Hilton Intl. Hotels (UK) Ltd - 0.0 0.0 0.0 0 56,34739 * Hilton Worldwide Ltd - 0.0 0.0 0.0 0 102,54940 * J.H. Leeke & Sons Ltd - 0.0 0.0 0.0 0 65,603

41 * J.Townend & Sons (Hull) Ltd - 0.0 0.0 0.0 0 15,19042 Jarvis Hotels Ltd. - 0.0 0.0 0.0 0 119,13543 Kensington Close Hotel Ltd - 0.0 0.0 0.0 0 14,89244 * Kew Green Hotels Ltd - 0.0 0.0 0.0 0 41,66045 * L.R.G Hotels Gp. (UK) Ltd - 0.0 0.0 0.0 0 37,625

46 L.R.G Hotels Ltd - 0.0 0.0 0.0 0 175,64347 Lake District Hotels Ltd - 0.0 0.0 0.0 0 13,10048 Land Securities (Hotels) Ltd - 0.0 0.0 0.0 0 26,25349 * Lanesborough Mgmt. Ltd - 0.0 0.0 0.0 0 23,47750 Leisureplex Ltd - 0.0 0.0 0.0 0 13,765


Exports / Sales


LeagueTablePosition

RecentlyFiled

Accounts

Exports / Sales%

10/11 09/10 08/09 07/08 09/10 09/10

Exports Sales

£’000 £’000

51 Lomondo Ltd - 0.0 0.0 0.0 0 25,84352 London Britannia Hotel Ltd - 0.0 0.0 0.0 0 18,76553 London L.R.G Hotel Ltd - 0.0 0.0 0.0 0 28,57254 London May Fair Hotel Ltd - 0.0 0.0 0.0 0 34,38555 London Tara Hotel Ltd - 0.0 0.0 0.0 0 24,012

56 Malmaison & Hotel Du Vin Property Hldgs. Ltd - 0.0 0.0 0.0 0 26,26057 Manor House Hotel (Okehampton) Ltd - 0.0 0.0 0.0 0 14,17558 Maple Hotels 1 Ltd - 0.0 0.0 0.0 0 91,27359 * Marston Hotels Ltd - 0.0 0.0 0.0 0 45,33460 Menzies Hotels Hldgs. Ltd - 0.0 0.0 0.0 0 45,027

61 * Menzies Hotels Operating Ltd - 0.0 0.0 0.0 0 40,33862 Morgans Hotel Gp. London Ltd - 0.0 0.0 0.0 0 28,70163 Park Hotels Mgmt. Ltd - 0.0 0.0 0.0 0 26,30964 Park Tower Hotel Ltd (The) - 0.0 0.0 0.0 0 25,95665 * Peel Hotels PLC - 0.0 0.0 0.0 0 14,186

66 Pennyhill Park Ltd - 0.0 0.0 0.0 0 15,73167 * Percy R.Brend & Sons (Hoteliers) Ltd - 0.0 0.0 0.0 0 30,85268 * Premier Inn Hotels Ltd - 0.0 0.0 0.0 0 44,95869 Prestmade Ltd - 0.0 0.0 0.0 0 26,43070 * Puma Hotels PLC - 0.0 0.0 0.0 0 30,000

71 * Qhotels Gp. Ltd - 0.0 0.0 0.0 0 116,72872 * Ramside Estates Ltd - 0.0 0.0 0.0 0 13,82073 Ramside Hldgs. Ltd - 0.0 0.0 0.0 0 16,29474 Rezidor Hotel Stansted Airport Ltd - 0.0 0.0 0.0 0 14,70875 Riverbank Hotel Operator Ltd - 0.0 0.0 0.0 0 23,940

76 Royal Garden Hotel Ltd - 0.0 0.0 0.0 0 22,20477 * Shearings Hotels Ltd 0.0 0.0 0.0 0.0 0 70,65578 * Somerston Hotels UK Ltd - 0.0 0.0 0.0 0 67,70779 Splendid Property Co. Ltd - 0.0 0.0 0.0 0 19,92780 St Giles Hotel Ltd - 0.0 0.0 0.0 0 16,743

81 St. James Court Hotel Ltd - 0.0 0.0 0.0 0 25,93782 St. James Hotel Ltd - 0.0 0.0 0.0 0 16,39383 * The Barton Grange Gp. Ltd - 0.0 0.0 0.0 0 21,17584 The Berkeley Hotel Ltd - 0.0 0.0 0.0 0 37,03885 * The Lancaster Landmark Hotel Co. Ltd - 0.0 0.0 0.0 0 28,370

86 The Park Lane Hotel Ltd - 0.0 0.0 0.0 0 22,09087 The Westbury Hotel Ltd - 0.0 0.0 0.0 0 17,04688 Tonstate (Hotels) Ltd - 0.0 0.0 0.0 0 97,39189 Venice Antler 1 Ltd - 0.0 0.0 0.0 0 23,40190 Victoria Park Plaza Operator Ltd - 0.0 0.0 0.0 0 18,281

91 Webb Hotels & Travel Ltd - 0.0 0.0 0.0 0 14,14092 * B.D.L Select Hotels Ltd 0.0 0.0 0.0 - 0 14,35493 * De Vere Venice Ltd - 0.0 0.0 - 0 465,12794 ■ De Vere Wokefield Park Ltd - 0.0 0.0 - 0 16,39695 ■ H L T Stakis Operator Ltd - 0.0 0.0 - 0 47,106

96 ■ H L T Stakis S P E Ltd - 0.0 0.0 - 0 31,58697 ■ Hastings Hotels Gp. Ltd - 0.0 0.0 - 0 32,86498 ■ Strathmore Hotels Ltd - 0.0 0.0 - 0 13,91399 ■ Templeton Hldgs. Ltd - 0.0 0.0 - 0 15,106

100 ■ Curzon Hotels (Operator) Ltd - 0.0 - 0.0 0 81,806

101 ■ Firoka (Kings Cross) Ltd 0.0 0.0 - 0.0 0 14,243102 ■ Hotel Inter-Continental London Ltd - 0.0 - 0.0 0 43,487


Exports / Sales


LeagueTablePosition

RecentlyFiled

Accounts

Exports / Sales%

10/11 09/10 08/09 07/08 09/10 09/10

Exports Sales

£’000 £’000

103 ■ Jake Feather Hotels Ltd - 0.0 - - 0 15,658104 * Macdonald Hotels Ltd - 0.0 - - 0 125,999105 ■ Mandarin Oriental Hyde Park Ltd - 0.0 - - 0 39,011

106 ■ South Bank Hotel Mgmt. Co. Ltd - 0.0 - - 0 19,074- ■ Hotel Mgmt. Intl. (Hldgs.) Ltd - - 87.7 85.5 - 41,228- ■ Rocco Forte & Family Ltd - - 76.9 77.1 - -- * Longmint Gp. Ltd - - 26.0 0.0 - -- ■ Brook Hotels Ltd - - 0.0 0.0 - 16,061

- * Gleneagles Hotels Ltd 0.0 - 0.0 0.0 - 35,579- ■ Hand Picked Hotels Ltd 0.0 - 0.0 0.0 - 58,347- * Jurys Hotel Gp. (UK) Ltd - - 0.0 0.0 - 12,118- ■ Lomar Hotel Co. Ltd - - 0.0 0.0 - 19,347- ■ North Brit. Trust Hotels Ltd - - 0.0 0.0 - 23,962

- ■ Oxford Hotels & Inns Mgmt. Ltd - - 0.0 0.0 - 53,361- * Paramount Hotels Ltd - - 0.0 0.0 - 13,039- ■ Park Hotel Heathrow Ltd - - 0.0 0.0 - 18,264- ■ Premier Inn Ltd - - 0.0 0.0 - 476,082- ■ Rezidor Hotel Manchester Ltd - - 0.0 0.0 - 13,893

- ■ Endell Gp. Hldgs. Ltd - - - 1.1 - 297,300- * Pl Hotel Ltd - - - 0.0 - 13,822- ■ The Cumberland Guoman Ltd - - - 0.0 - 42,538- ■ Thistle Barbican Tenant Ltd - - - 0.0 - 13,121- ■ Arora Hotels Ltd - - - - - 62,603

- * Corus Hotels Ltd - - - - - 25,474- ■ Crieff Hydro Ltd - - - - - 16,788- * De Vere Venues Properties Ltd - - - - - 30,394- * De Vere Village Trading No 1 Ltd - - - - - 150,773- ■ F B M London Ltd - - - - - 14,408

- * Festival Gp. Ltd - - - - - 97,254- * Guoman Hotel Hldgs. Ltd 0.0 - - - - 198,612- * Guoman Hotel Mgmt. (UK) Ltd - - - - - 15,119- * Imperial London Hotels Ltd (The) - - - - - 61,155- ■ Landmark Hotel London Ltd 0.0 - - - - 30,177

- * M F Wells (Hotels) Ltd - - - - - 19,586- * Paragon Hotels Ltd - - - - - 26,523- * Pbn Hldgs. Ltd - - - - - 23,088- * Quintain Estates & Development PLC - - - - - 56,937- * Ritz Hotel (London) Ltd (The) - - - - - 28,412

- ■ The Cavendish Hotel (London) Ltd - - - - - 12,907- * Travelodge Hotels Ltd - - - - - 294,400- * Yianis Hldgs. Ltd - - - - - -




Exports / Sales


LeagueTablePosition

CompoundAnnual Growth

Rate %07/10

Sales

£’00009/10

% Change

08/09 - 09/10

% Change

07/08 - 08/09

THE HOTEL INDUSTRY

1 South Bank Hotel Mgmt. Co. Ltd 194 19,074 7 7062 De Vere Village Hotels & Leisure Ltd 73 34,393 87 603 Venice Antler 1 Ltd 46 23,401 -10 1374 Malmaison & Hotel Du Vin Property Hldgs. Ltd 39 26,260 4 865 * Bridgemere UK PLC 38 62,788 93 -2

6 Arora Hotels Ltd 21 62,603 16 277 * The Barton Grange Gp. Ltd 21 21,175 13 308 Gloucester Capital Ltd 21 16,108 -8 599 * Britannia Hotels Ltd 15 52,249 29 3

10 Hand Picked Hotels Ltd 15 58,347 -5 41

11 Globalgrange Ltd 14 72,817 23 512 Apex Hotels Ltd 13 33,858 27 113 Hotel Inter-Continental London Ltd 12 43,487 -4 3014 G H Hotel Operating Co. Ltd 12 57,611 6 1815 * Shearings Hotels Ltd 11 70,655 7 15

16 * Quintain Estates & Development PLC 10 56,937 -14 4117 Endell Gp. Hldgs. Ltd 10 297,300 3 1918 * Travelodge Hotels Ltd 10 294,400 3 1919 * Festival Gp. Ltd 9 97,254 -6 2620 Andrew Brownsword Hotels Ltd 8 13,314 10 7

21 * Whitbread PLC 8 1,407,925 5 1022 * M F Wells (Hotels) Ltd 7 19,586 3 1123 * De Vere Venice Ltd 7 465,127 -2 1724 * J.Townend & Sons (Hull) Ltd 7 15,190 21 -625 Leisureplex Ltd 7 13,765 10 3

26 Churchill Gp. Ltd 6 32,423 -4 1827 * M W B Gp. Hldgs. PLC 6 284,299 2 1028 Manor House Hotel (Okehampton) Ltd 6 14,175 11 129 * Deckers Restaurants Ltd 6 34,770 8 430 Firoka (Kings Cross) Ltd 6 14,243 -22 45

31 Lake District Hotels Ltd 6 13,100 5 732 * Kew Green Hotels Ltd 6 41,660 1 1033 * Doyle London Hotels Ltd 5 12,120 20 -734 The Westbury Hotel Ltd 5 17,046 -3 1535 Land Securities (Hotels) Ltd 5 26,253 -11 24

36 St Giles Hotel Ltd 5 16,743 2 837 Crieff Hydro Ltd 4 16,788 4 538 Victoria Park Plaza Operator Ltd 4 18,281 1 839 Accor UK Economy Hotels Ltd 4 119,700 -2 940 * Imperial London Hotels Ltd (The) 4 61,155 1 6

41 Premier Inn Ltd 3 476,082 -5 1242 Dorchester Gp. Ltd 3 243,387 -6 1243 F B M London Ltd 3 14,408 -3 944 * Marriott Hotels Ltd 2 158,390 6 -145 Chesterfield (Mayfair) Ltd 2 34,567 0 4

46 Strathmore Hotels Ltd 2 13,913 5 -147 Tonstate (Hotels) Ltd 1 97,391 -2 548 Champneys Henlow Ltd 1 30,954 -1 449 * Percy R.Brend & Sons (Hoteliers) Ltd 1 30,852 3 050 Claridge’s Hotel Ltd 1 48,617 -7 10


Sales Growth


LeagueTablePosition


Rate %07/10

Sales

£’00009/10

% Change

08/09 - 09/10

% Change

07/08 - 08/09

51 Ramside Hldgs. Ltd 1 16,294 0 352 Prestmade Ltd 1 26,430 -4 753 The Cumberland Guoman Ltd 1 42,538 -9 1154 St. James Court Hotel Ltd 1 25,937 -2 355 Brook Hotels Ltd 1 16,061 -5 6

56 Thistle Barbican Tenant Ltd 0 13,121 -7 957 * Gleneagles Hotels Ltd 0 35,579 -7 858 * J.H. Leeke & Sons Ltd 0 65,603 5 -559 Hotel Mgmt. Intl. (Hldgs.) Ltd 0 41,228 -15 1860 London May Fair Hotel Ltd 0 34,385 -2 2

61 Centre Island Hotels Ltd 0 31,841 7 -762 London Tara Hotel Ltd 0 24,012 -6 663 Firmdale Hotels PLC 0 50,556 -5 564 Kensington Close Hotel Ltd -1 14,892 -7 665 * De Vere Venues Properties Ltd -1 30,394 3 -4

66 * Jurys Hotel Gp. (UK) Ltd -1 12,118 -2 167 The Cavendish Hotel (London) Ltd -1 12,907 -7 668 * Ritz Hotel (London) Ltd (The) -1 28,412 -4 369 Millennium & Copthorne Hotels PLC -1 654,000 -7 570 * Guoman Hotel Hldgs. Ltd -1 198,612 -10 8

71 * Q.M.H Ltd -1 250,700 -9 772 * Accor UK Bus. & Leisure Hotels Ltd -1 189,064 -5 273 Hastings Hotels Gp. Ltd -1 32,864 -3 074 * Hilton Intl. Hotels (UK) Ltd -1 56,347 -5 275 * Edwardian Gp. Ltd -2 118,292 -4 0

76 Park Hotels Mgmt. Ltd -2 26,309 -1 -377 Choice Hotels Ltd -2 14,196 -1 -378 The Berkeley Hotel Ltd -2 37,038 -4 -179 C.D.L Hotels (U.K.) Ltd -2 34,224 -6 180 * Qhotels Gp. Ltd -3 116,728 -10 6

81 Riverbank Hotel Operator Ltd -3 23,940 -6 082 London L.R.G Hotel Ltd -3 28,572 -9 483 Pennyhill Park Ltd -3 15,731 -8 284 * Peel Hotels PLC -3 14,186 12 -1685 * Ramside Estates Ltd -3 13,820 -2 -4

86 * Paragon Hotels Ltd -3 26,523 2 -987 * Pl Hotel Ltd -4 13,822 -5 -288 North Brit. Trust Hotels Ltd -4 23,962 -4 -489 * Doyle Hotels (UK) Ltd -4 16,580 -2 -690 Splendid Property Co. Ltd -4 19,927 -4 -4

91 The Park Lane Hotel Ltd -4 22,090 -9 192 Hhr Piccadilly Ltd -4 21,848 -5 -393 Lomondo Ltd -4 25,843 -9 194 Jarvis Hotels Ltd. -4 119,135 -8 095 London Britannia Hotel Ltd -5 18,765 -9 0

96 L.R.G Hotels Ltd -5 175,643 -11 197 Morgans Hotel Gp. London Ltd -5 28,701 -7 -398 Royal Garden Hotel Ltd -5 22,204 -8 -399 * Adda Hotels -5 121,877 -12 2

100 Park Tower Hotel Ltd (The) -6 25,956 -13 2

101 St. James Hotel Ltd -6 16,393 -7 -4102 Blackfriars Hotels Ltd -6 12,357 -13 2


Sales Growth


LeagueTablePosition


Rate %07/10

Sales

£’00009/10

% Change

08/09 - 09/10

% Change

07/08 - 08/09

103 * Guoman Hotel Mgmt. (UK) Ltd -6 15,119 -28 23104 * Corus Hotels Ltd -6 25,474 -4 -8105 * Lanesborough Mgmt. Ltd -6 23,477 -3 -9

106 Webb Hotels & Travel Ltd -6 14,140 -13 2107 * Marston Hotels Ltd -6 45,334 -8 -5108 * Somerston Hotels UK Ltd -7 67,707 -8 -6109 Mandarin Oriental Hyde Park Ltd -7 39,011 -10 -5110 Lomar Hotel Co. Ltd -8 19,347 -8 -7

111 Menzies Hotels Hldgs. Ltd -8 45,027 -12 -4112 Oxford Hotels & Inns Mgmt. Ltd -8 53,361 -11 -5113 Comojo (U.K.) Ltd -8 14,486 -11 -6114 Park Hotel Heathrow Ltd -9 18,264 -15 -2115 Rezidor Hotel Manchester Ltd -9 13,893 -16 -1

116 Maple Hotels 1 Ltd -9 91,273 -14 -4117 Festival Inns Ltd -9 14,797 -11 -8118 * L.R.G Hotels Gp. (UK) Ltd -9 37,625 -13 -5119 * Macdonald Hotels Ltd -9 125,999 -7 -12120 * Blackpool Pleasure Beach (Hldgs.) Ltd -10 28,106 -3 -16

121 * Forestdale Hotels Ltd -10 26,171 -10 -11122 * De Vere Village Trading No 1 Ltd -11 150,773 -5 -16123 Rezidor Hotel Stansted Airport Ltd -11 14,708 -13 -9124 Curzon Hotels (Operator) Ltd -12 81,806 -10 -14125 * Menzies Hotels Operating Ltd -13 40,338 -17 -9

126 * Hotel Property Investors U.K. Ltd -18 31,763 -19 -18127 * Pbn Hldgs. Ltd -24 23,088 13 -49128 * Hilton Worldwide Ltd -28 102,549 -8 -44129 * The Lancaster Landmark Hotel Co. Ltd -37 28,370 -56 -9130 * Puma Hotels PLC -38 30,000 5 -63

131 * Paramount Hotels Ltd -38 13,039 3 -63132 * Premier Inn Hotels Ltd -47 44,958 33 -79

- * L.5.1.N Ltd - 1,067,214 - -- ■ H L T Stakis Operator Ltd - 47,106 -2 -- ■ H L T Stakis S P E Ltd - 31,586 5 -

- ■ Landmark Hotel London Ltd - 30,177 - -- ■ De Vere Wokefield Park Ltd - 16,396 2 -- ■ Jake Feather Hotels Ltd - 15,658 - -- ■ Templeton Hldgs. Ltd - 15,106 5 -- * B.D.L Select Hotels Ltd - 14,354 -1 -

- * Longmint Gp. Ltd - - - 7- ■ Rocco Forte & Family Ltd - - - -1- * Yianis Hldgs. Ltd - - - -1

Average of companies with 3 years data 53,043 -4 71



Sales Growth


LeagueTablePosition


Rate %07/10

Pre-taxProfit£’00009/10

% Change

08/09 - 09/10

% Change

07/08 - 08/09

THE HOTEL INDUSTRY

1 * M F Wells (Hotels) Ltd 232 2,605 8 9262 Land Securities (Hotels) Ltd 156 4,600 -13 6533 South Bank Hotel Mgmt. Co. Ltd 145 48 0 5004 * Travelodge Hotels Ltd 100 66,500 664 -485 Templeton Hldgs. Ltd 91 927 -11 311

6 Pennyhill Park Ltd 86 1,759 79 947 London L.R.G Hotel Ltd 48 6,727 17 868 * The Barton Grange Gp. Ltd 45 1,493 455 -1599 Brook Hotels Ltd 43 400 -6 115

10 London May Fair Hotel Ltd 34 1,824 2 77

11 Manor House Hotel (Okehampton) Ltd 30 1,698 54 912 Webb Hotels & Travel Ltd 29 960 72 -313 Lomondo Ltd 29 5,177 105 -1914 Lake District Hotels Ltd 27 3,071 125 -2815 * Imperial London Hotels Ltd (The) 27 19,220 28 25

16 * Whitbread PLC 23 204,075 3 4817 Strathmore Hotels Ltd 22 1,652 63 -918 Churchill Gp. Ltd 20 9,358 -14 6619 Apex Hotels Ltd 17 7,123 167 -4920 F B M London Ltd 17 3,943 9 25

21 Leisureplex Ltd 15 2,235 68 -2122 St Giles Hotel Ltd 9 2,181 -8 3023 St. James Court Hotel Ltd 8 1,531 13 224 Park Tower Hotel Ltd (The) 2 9,676 -10 1625 The Berkeley Hotel Ltd 1 15,434 15 -11

26 London Tara Hotel Ltd 0 10,267 -6 627 North Brit. Trust Hotels Ltd -1 740 -56 12528 C.D.L Hotels (U.K.) Ltd -1 13,710 2 -429 * J.H. Leeke & Sons Ltd -1 3,460 151 -6130 Hotel Mgmt. Intl. (Hldgs.) Ltd -3 4,923 -24 23

31 London Britannia Hotel Ltd -4 6,614 3 -1132 Claridge’s Hotel Ltd -5 16,931 -16 833 * Doyle London Hotels Ltd -6 2,675 469 -12434 Hastings Hotels Gp. Ltd -9 2,791 -21 535 Premier Inn Ltd -9 102,509 -41 42

36 * Deckers Restaurants Ltd -9 249 -25 1137 The Park Lane Hotel Ltd -10 4,476 -20 138 Ramside Hldgs. Ltd -11 1,040 24 -3639 Oxford Hotels & Inns Mgmt. Ltd -11 95 -10 -1340 Blackfriars Hotels Ltd -13 1,515 -42 31

41 * Edwardian Gp. Ltd -14 10,994 235 -7842 * Percy R.Brend & Sons (Hoteliers) Ltd -17 112 -100 26,80243 * Lanesborough Mgmt. Ltd -19 3,827 145 -7344 Riverbank Hotel Operator Ltd -20 271 158 -21045 * Ramside Estates Ltd -24 1,088 -17 -29

46 * J.Townend & Sons (Hull) Ltd -24 155 -52 2147 Globalgrange Ltd -26 3,951 -10 -3848 Mandarin Oriental Hyde Park Ltd -26 4,782 4 -4649 Choice Hotels Ltd -26 120 -24 -2950 Dorchester Gp. Ltd -27 24,553 -41 -9


Pre-tax Profit Growth


LeagueTablePosition


Rate %07/10


% Change

08/09 - 09/10

% Change

07/08 - 08/09

51 Millennium & Copthorne Hotels PLC -28 81,900 -20 -3552 Firmdale Hotels PLC -29 2,303 -27 -3053 L.R.G Hotels Ltd -30 23,168 -28 -3154 Champneys Henlow Ltd -33 446 149 -19255 St. James Hotel Ltd -33 863 -54 -2

56 Firoka (Kings Cross) Ltd -37 2,523 -42 -3157 * Jurys Hotel Gp. (UK) Ltd -38 3,076 7 -6458 Morgans Hotel Gp. London Ltd -43 1,448 -53 -3159 * The Lancaster Landmark Hotel Co. Ltd -47 2,043 -82 5260 * Accor UK Bus. & Leisure Hotels Ltd -50 43,458 16 -78

61 * Blackpool Pleasure Beach (Hldgs.) Ltd -51 975 126 -19462 Lomar Hotel Co. Ltd -54 295 -73 -2063 Accor UK Economy Hotels Ltd -55 14,138 -33 -6964 Crieff Hydro Ltd -57 251 -55 -5965 * Shearings Hotels Ltd -57 1,200 125 -175

66 * Gleneagles Hotels Ltd -59 2,487 -78 -2567 Rezidor Hotel Manchester Ltd -71 169 -91 -1168 * Macdonald Hotels Ltd -77 5,130 155 -109

- * Hilton Intl. Hotels (UK) Ltd ^ 64,293 114 -268- * L.5.1.N Ltd - 39,212 - -

- ■ Hotel Inter-Continental London Ltd ^ 9,972 20 1,067- ■ Landmark Hotel London Ltd - 6,486 - -- * Ritz Hotel (London) Ltd (The) ^ 5,226 290 38- ■ H L T Stakis S P E Ltd - 3,030 -47 -- ■ De Vere Village Hotels & Leisure Ltd ^ 2,173 256 92

- * Paramount Hotels Ltd ^ 2,046 50 131- ■ Jake Feather Hotels Ltd - 1,794 - -- ■ The Westbury Hotel Ltd ^ 1,253 195 -40- ■ The Cavendish Hotel (London) Ltd ^ 726 151 -1- ■ Centre Island Hotels Ltd ^ -68 86 -133

- * Peel Hotels PLC ^ -74 -111 -93- ■ G H Hotel Operating Co. Ltd ^ -286 -123 13- ■ Rezidor Hotel Stansted Airport Ltd ^ -319 -138 -59- ■ Royal Garden Hotel Ltd ^ -454 -119 28- ■ Victoria Park Plaza Operator Ltd ^ -460 -132 -2

- ■ Comojo (U.K.) Ltd ^ -527 -235 -79- * Marriott Hotels Ltd ^ -569 -187 -1- ■ Hhr Piccadilly Ltd ^ -669 10 -157- ■ Andrew Brownsword Hotels Ltd ^ -721 64 -12- * L.R.G Hotels Gp. (UK) Ltd ^ -779 -115 147

- * Paragon Hotels Ltd ^ -1,319 87 -60- ■ Thistle Barbican Tenant Ltd ^ -1,995 -50 11- ■ Splendid Property Co. Ltd ^ -2,031 -211 -62- ■ Chesterfield (Mayfair) Ltd ^ -2,177 37 -7- ■ Festival Inns Ltd ^ -2,731 25 -141

- * B.D.L Select Hotels Ltd - -2,910 -620 -- ■ Prestmade Ltd ^ -2,946 -139 27- ■ Kensington Close Hotel Ltd ^ -3,081 -800 -56- ■ Gloucester Capital Ltd ^ -3,204 26 -15- * Premier Inn Hotels Ltd ^ -3,567 87 -107

- ■ Venice Antler 1 Ltd ^ -3,877 -11 -32- * Forestdale Hotels Ltd ^ -4,452 -579 -119




LeagueTablePosition


Rate %07/10


% Change

08/09 - 09/10

% Change

07/08 - 08/09

- ■ The Cumberland Guoman Ltd ^ -4,458 -334 289- * Corus Hotels Ltd ^ -4,523 59 -257- ■ Park Hotel Heathrow Ltd ^ -4,582 -158 -457

- ■ Malmaison & Hotel Du Vin Property Hldgs. Ltd ^ -5,015 86 -1,606- * Hotel Property Investors U.K. Ltd ^ -5,341 -270 100- * Doyle Hotels (UK) Ltd ^ -5,443 53 -587- * Kew Green Hotels Ltd ^ -6,025 -2,283 110- * Puma Hotels PLC ^ -6,237 29 65

- ■ Tonstate (Hotels) Ltd ^ -6,423 -63 -145- * Britannia Hotels Ltd ^ -6,440 -824 125- ■ H L T Stakis Operator Ltd - -6,600 -2 -- ■ Arora Hotels Ltd ^ -6,643 0 -911- * Bridgemere UK PLC ^ -7,009 30 -126

- * Guoman Hotel Mgmt. (UK) Ltd ^ -7,623 -881 73- * Pl Hotel Ltd ^ -8,002 47 -2,161- ■ Park Hotels Mgmt. Ltd ^ -8,117 -53 -36- ■ Hand Picked Hotels Ltd ^ -8,235 -165 -119- * Guoman Hotel Hldgs. Ltd ^ -9,434 -116 6,850

- * Pbn Hldgs. Ltd ^ -9,925 -114 -1,822- * Quintain Estates & Development PLC ^ -10,149 92 -136- * Marston Hotels Ltd ^ -11,028 -324 -230- * Festival Gp. Ltd ^ -11,380 -89 -944- * Q.M.H Ltd ^ -13,000 -333 3

- * M W B Gp. Hldgs. PLC ^ -15,422 -55 28- ■ Maple Hotels 1 Ltd ^ -15,431 -99 -202- ■ Jarvis Hotels Ltd. ^ -15,635 -279 -191- * Menzies Hotels Operating Ltd ^ -20,077 -55 -137- * Hilton Worldwide Ltd ^ -23,927 29 -992

- ■ Curzon Hotels (Operator) Ltd ^ -24,511 -14 -414- * De Vere Village Trading No 1 Ltd ^ -35,558 -226 -103- ■ Menzies Hotels Hldgs. Ltd ^ -38,870 -21 -320- * Somerston Hotels UK Ltd ^ -39,709 -1,756 80- * Adda Hotels ^ -42,584 -1,101 307

- ■ De Vere Wokefield Park Ltd - -44,172 -281 -- * Qhotels Gp. Ltd ^ -68,722 9 -404- * De Vere Venues Properties Ltd ^ -75,888 -211 -199- ■ Endell Gp. Hldgs. Ltd ^ -101,700 -30 -24- * De Vere Venice Ltd ^ -486,166 -223 13

- * Longmint Gp. Ltd - - - 62- ■ Rocco Forte & Family Ltd - - - -198- * Yianis Hldgs. Ltd - - - -32

Average of companies with 3 years data 1,951 -54 -35-45

Average of companies with 3 years data 1,951 -54 -35-45




LeagueTablePosition


Rate %07/10

TotalAssets£’00009/10

% Change

08/09 - 09/10

% Change

07/08 - 08/09

THE HOTEL INDUSTRY

1 Jake Feather Hotels Ltd 263 55,778 999 202 Templeton Hldgs. Ltd 86 5,663 21 1863 South Bank Hotel Mgmt. Co. Ltd 58 5,047 46 704 Victoria Park Plaza Operator Ltd 56 6,694 100 225 De Vere Village Hotels & Leisure Ltd 50 158,317 10 104

6 Park Hotels Mgmt. Ltd 45 22,686 43 477 Arora Hotels Ltd 31 68,494 -2 748 Park Hotel Heathrow Ltd 28 17,791 -3 709 Leisureplex Ltd 26 29,008 57 2

10 Brook Hotels Ltd 23 25,107 38 11

11 St Giles Hotel Ltd 21 21,188 30 1212 Apex Hotels Ltd 20 234,832 33 813 * De Vere Village Trading No 1 Ltd 17 1,173,115 10 2514 * Kew Green Hotels Ltd 15 144,633 6 2615 The Westbury Hotel Ltd 14 149,755 26 2

16 Hand Picked Hotels Ltd 13 178,419 -3 3217 L.R.G Hotels Ltd 13 1,304,880 7 1918 Globalgrange Ltd 13 501,062 4 2219 G H Hotel Operating Co. Ltd 12 34,012 -5 3320 Lake District Hotels Ltd 12 36,301 22 3

21 * Pbn Hldgs. Ltd 11 336,324 -13 4222 London L.R.G Hotel Ltd 10 176,817 10 1023 Chesterfield (Mayfair) Ltd 10 32,881 10 924 * Peel Hotels PLC 9 40,959 32 -925 * Britannia Hotels Ltd 9 127,251 15 4

26 * L.R.G Hotels Gp. (UK) Ltd 8 154,733 9 727 * J.H. Leeke & Sons Ltd 8 106,940 12 428 Churchill Gp. Ltd 8 137,762 7 929 * Deckers Restaurants Ltd 8 18,305 20 -330 Claridge’s Hotel Ltd 8 294,294 5 10

31 Dorchester Gp. Ltd 7 1,041,902 -6 2332 Millennium & Copthorne Hotels PLC 7 2,755,100 -6 2133 * Doyle Hotels (UK) Ltd 7 199,084 4 934 * Travelodge Hotels Ltd 7 1,078,900 10 335 Manor House Hotel (Okehampton) Ltd 7 17,943 4 9

36 The Berkeley Hotel Ltd 6 223,048 5 837 Firmdale Hotels PLC 6 189,021 4 838 The Cavendish Hotel (London) Ltd 5 120,305 -1 1239 * Doyle London Hotels Ltd 5 55,766 0 1040 Centre Island Hotels Ltd 5 113,926 -4 14

41 Crieff Hydro Ltd 5 27,914 7 242 * Whitbread PLC 5 2,647,600 3 643 * Guoman Hotel Mgmt. (UK) Ltd 5 13,432 -10 2244 Hotel Mgmt. Intl. (Hldgs.) Ltd 4 93,876 -4 1445 * J.Townend & Sons (Hull) Ltd 4 9,112 3 5

46 Webb Hotels & Travel Ltd 4 21,923 -1 847 * Jurys Hotel Gp. (UK) Ltd 4 106,244 4 448 Hotel Inter-Continental London Ltd 4 219,526 -1 849 * Imperial London Hotels Ltd (The) 3 128,350 4 350 Curzon Hotels (Operator) Ltd 3 80,619 -20 33


Total Assets Growth


LeagueTablePosition


Rate %07/10


% Change

08/09 - 09/10

% Change

07/08 - 08/09

51 North Brit. Trust Hotels Ltd 3 41,232 9 -452 * Premier Inn Hotels Ltd 2 1,223,489 0 553 * Marston Hotels Ltd 2 131,452 -9 1554 * Menzies Hotels Operating Ltd 2 99,895 5 -155 Hastings Hotels Gp. Ltd 2 55,668 -3 7

56 Royal Garden Hotel Ltd 2 130,517 5 -257 F B M London Ltd 2 34,305 -1 558 Rezidor Hotel Manchester Ltd 1 26,160 -2 559 Park Tower Hotel Ltd (The) 1 17,054 -6 1060 * Hilton Worldwide Ltd 1 881,087 -8 11

61 Strathmore Hotels Ltd 1 27,864 2 062 Malmaison & Hotel Du Vin Property Hldgs. Ltd 1 543,164 3 -163 * Paramount Hotels Ltd 1 304,790 7 -564 London Tara Hotel Ltd 1 66,062 0 165 Mandarin Oriental Hyde Park Ltd 1 205,133 2 -1

66 Kensington Close Hotel Ltd 0 77,335 0 167 Venice Antler 1 Ltd 0 115,403 -5 568 * Ritz Hotel (London) Ltd (The) 0 166,267 3 -269 * M F Wells (Hotels) Ltd 0 23,590 4 -370 Splendid Property Co. Ltd 0 128,174 -1 1

71 St. James Hotel Ltd 0 50,911 6 -572 London Britannia Hotel Ltd 0 88,676 -2 173 * Hilton Intl. Hotels (UK) Ltd -1 2,824,303 0 -174 Endell Gp. Hldgs. Ltd -1 806,600 -1 075 Prestmade Ltd -1 192,099 -3 2

76 C.D.L Hotels (U.K.) Ltd -1 123,028 -1 -177 Tonstate (Hotels) Ltd -1 515,745 -1 -178 Choice Hotels Ltd -1 11,966 -1 -179 * Guoman Hotel Hldgs. Ltd -1 769,777 -1 -180 * Ramside Estates Ltd -1 21,546 -1 -2

81 * Corus Hotels Ltd -1 242,112 0 -282 * Macdonald Hotels Ltd -2 402,254 -2 -183 St. James Court Hotel Ltd -2 94,655 0 -484 Accor UK Economy Hotels Ltd -2 180,085 4 -885 Blackfriars Hotels Ltd -2 42,912 -1 -3

86 Pennyhill Park Ltd -2 46,069 -11 887 Andrew Brownsword Hotels Ltd -3 59,076 -1 -488 Rezidor Hotel Stansted Airport Ltd -3 5,935 -3 -389 Jarvis Hotels Ltd. -3 217,854 -5 -190 Champneys Henlow Ltd -3 69,705 0 -7

91 * Marriott Hotels Ltd -4 16,613 -22 1892 * M W B Gp. Hldgs. PLC -4 667,176 -3 -593 Gloucester Capital Ltd -4 77,548 -5 -394 Ramside Hldgs. Ltd -4 19,034 -2 -695 London May Fair Hotel Ltd -4 336,118 -3 -6

96 Premier Inn Ltd -5 2,193,976 -11 297 Maple Hotels 1 Ltd -5 25,007 4 -1398 * Paragon Hotels Ltd -5 75,937 -2 -899 Hhr Piccadilly Ltd -5 24,272 -2 -8

100 * Bridgemere UK PLC -5 145,093 1 -11

101 Lomondo Ltd -6 56,336 -2 -9102 The Cumberland Guoman Ltd -6 14,334 -3 -9


Total Assets Growth


LeagueTablePosition


Rate %07/10


% Change

08/09 - 09/10

% Change

07/08 - 08/09

103 * Lanesborough Mgmt. Ltd -6 72,759 3 -14104 Morgans Hotel Gp. London Ltd -6 116,722 -1 -11105 * Puma Hotels PLC -6 481,313 -4 -8

106 * The Barton Grange Gp. Ltd -7 23,132 0 -13107 * Hotel Property Investors U.K. Ltd -7 33,072 2 -15108 * Edwardian Gp. Ltd -7 717,110 -2 -12109 * Accor UK Bus. & Leisure Hotels Ltd -7 293,961 -17 4110 Lomar Hotel Co. Ltd -7 8,350 10 -21

111 Thistle Barbican Tenant Ltd -7 3,317 -20 7112 * Q.M.H Ltd -7 789,800 -17 4113 * De Vere Venues Properties Ltd -8 369,280 -17 3114 * Forestdale Hotels Ltd -8 44,857 -9 -7115 Oxford Hotels & Inns Mgmt. Ltd -9 14,127 -3 -14

116 * Pl Hotel Ltd -9 93,528 -4 -13117 * Percy R.Brend & Sons (Hoteliers) Ltd -9 12,853 15 -28118 * Festival Gp. Ltd -10 73,535 -18 -1119 * Blackpool Pleasure Beach (Hldgs.) Ltd -10 31,007 -4 -16120 * Adda Hotels -12 150,270 -3 -20

121 * Quintain Estates & Development PLC -12 1,114,441 3 -25122 Land Securities (Hotels) Ltd -13 348,424 -4 -21123 Menzies Hotels Hldgs. Ltd -13 201,584 -17 -8124 The Park Lane Hotel Ltd -13 27,082 -8 -18125 * Gleneagles Hotels Ltd -14 306,470 -28 4

126 * Qhotels Gp. Ltd -15 427,421 -21 -7127 * De Vere Venice Ltd -15 1,246,630 -25 -4128 Firoka (Kings Cross) Ltd -16 91,160 -1 -30129 * The Lancaster Landmark Hotel Co. Ltd -17 258,389 -28 -4130 Riverbank Hotel Operator Ltd -19 3,284 18 -44

131 * Somerston Hotels UK Ltd -21 309,347 -10 -30132 Comojo (U.K.) Ltd -22 15,076 -35 -7133 * Shearings Hotels Ltd -53 28,014 -76 -8134 Festival Inns Ltd -68 2,132 -66 -70

- * L.5.1.N Ltd - 1,804,893 - -

- ■ Landmark Hotel London Ltd - 203,689 - -- ■ H L T Stakis S P E Ltd - 109,727 -23 -- ■ De Vere Wokefield Park Ltd - 74,207 -37 -- * B.D.L Select Hotels Ltd - 54,425 5 -- ■ H L T Stakis Operator Ltd - 26,473 13 -

- * Longmint Gp. Ltd - - - 4- ■ Rocco Forte & Family Ltd - - - 32- * Yianis Hldgs. Ltd - - - -7




Total Assets Growth


LeagueTablePosition


Rate %07/10

Number ofEmployees

09/10

% Change

08/09 - 09/10

% Change

07/08 - 08/09

THE HOTEL INDUSTRY

1 Templeton Hldgs. Ltd 495 248 14 3,0002 De Vere Village Hotels & Leisure Ltd 77 734 17 1673 Firoka (Kings Cross) Ltd 29 171 -10 854 Arora Hotels Ltd 26 632 3 555 * Pbn Hldgs. Ltd 20 135 42 2

6 * Marston Hotels Ltd 20 1,259 8 327 Hand Picked Hotels Ltd 18 1,106 9 278 Globalgrange Ltd 14 1,043 23 69 * The Barton Grange Gp. Ltd 13 533 -3 31

10 * Kew Green Hotels Ltd 10 864 -5 26

11 Apex Hotels Ltd 9 659 17 212 Centre Island Hotels Ltd 9 841 20 -113 Lake District Hotels Ltd 7 310 -2 1714 The Westbury Hotel Ltd 7 186 3 1215 * Britannia Hotels Ltd 7 1,269 7 7

16 * Shearings Hotels Ltd 6 1,786 1 1217 * Travelodge Hotels Ltd 6 3,179 8 418 * Gleneagles Hotels Ltd 6 682 1 1219 Endell Gp. Hldgs. Ltd 6 3,230 8 420 * Percy R.Brend & Sons (Hoteliers) Ltd 6 1,151 10 2

21 Hotel Inter-Continental London Ltd 5 319 1 922 Hastings Hotels Gp. Ltd 5 1,085 16 -523 Kensington Close Hotel Ltd 5 213 2 724 * Doyle London Hotels Ltd 5 102 7 225 * M W B Gp. Hldgs. PLC 4 2,679 -2 11

26 Accor UK Economy Hotels Ltd 3 1,059 2 527 * Qhotels Gp. Ltd 3 3,108 2 528 The Berkeley Hotel Ltd 3 349 3 329 F B M London Ltd 3 53 0 630 Churchill Gp. Ltd 3 284 -2 9

31 * Bridgemere UK PLC 2 561 7 -232 L.R.G Hotels Ltd 2 3,206 -7 1333 Strathmore Hotels Ltd 2 430 0 534 Prestmade Ltd 2 209 1 435 * M F Wells (Hotels) Ltd 2 242 0 3

36 * Peel Hotels PLC 2 440 13 -837 St Giles Hotel Ltd 2 168 2 138 * Ramside Estates Ltd 1 454 6 -339 Manor House Hotel (Okehampton) Ltd 1 321 0 140 * Ritz Hotel (London) Ltd (The) 0 338 9 -7

41 Crieff Hydro Ltd 0 394 -3 442 Leisureplex Ltd 0 333 1 043 * J.Townend & Sons (Hull) Ltd 0 180 2 -244 Ramside Hldgs. Ltd 0 556 4 -445 St. James Court Hotel Ltd 0 235 -8 9

46 Malmaison & Hotel Du Vin Property Hldgs. Ltd 0 3 0 047 Chesterfield (Mayfair) Ltd 0 662 0 048 Andrew Brownsword Hotels Ltd 0 386 -2 249 Champneys Henlow Ltd 0 939 -3 250 Royal Garden Hotel Ltd -1 326 0 -2




LeagueTablePosition


Rate %07/10

Number ofEmployees

09/10

% Change

08/09 - 09/10

% Change

07/08 - 08/09

51 Webb Hotels & Travel Ltd -1 312 -5 352 * Edwardian Gp. Ltd -1 1,743 -4 253 Claridge’s Hotel Ltd -1 453 -4 254 G H Hotel Operating Co. Ltd -1 754 -6 455 Riverbank Hotel Operator Ltd -1 178 -1 -2

56 Maple Hotels 1 Ltd -2 1,784 -2 -157 Victoria Park Plaza Operator Ltd -2 119 -8 658 The Park Lane Hotel Ltd -2 265 -3 059 Hotel Mgmt. Intl. (Hldgs.) Ltd -2 486 -5 260 * Lanesborough Mgmt. Ltd -2 260 1 -5

61 Blackfriars Hotels Ltd -2 146 -10 762 * J.H. Leeke & Sons Ltd -2 781 -8 463 * L.R.G Hotels Gp. (UK) Ltd -2 594 -13 1064 Firmdale Hotels PLC -2 699 -6 265 * Imperial London Hotels Ltd (The) -2 1,092 -1 -3

66 Choice Hotels Ltd -2 477 -1 -367 * De Vere Venice Ltd -2 9,227 -15 1268 Lomondo Ltd -2 221 -9 569 * Whitbread PLC -3 25,794 -2 -370 London L.R.G Hotel Ltd -3 190 -8 3

71 * Marriott Hotels Ltd -3 8,801 4 -972 Park Tower Hotel Ltd (The) -3 211 -9 473 Dorchester Gp. Ltd -3 2,257 -5 -174 London Tara Hotel Ltd -3 276 -9 275 * Somerston Hotels UK Ltd -4 742 -2 -5

76 * Quintain Estates & Development PLC -4 222 -8 177 Hhr Piccadilly Ltd -4 228 1 -978 Venice Antler 1 Ltd -4 628 -13 579 Mandarin Oriental Hyde Park Ltd -4 363 -9 080 Morgans Hotel Gp. London Ltd -5 196 -6 -3

81 London May Fair Hotel Ltd -5 370 -6 -382 * Deckers Restaurants Ltd -6 380 -21 1283 Gloucester Capital Ltd -6 136 -17 584 Jarvis Hotels Ltd. -6 3,198 -7 -685 * Macdonald Hotels Ltd -7 4,010 -3 -11

86 Millennium & Copthorne Hotels PLC -7 11,131 -13 -187 Pennyhill Park Ltd -8 218 -3 -1288 * Festival Gp. Ltd -8 682 -17 189 * Forestdale Hotels Ltd -8 857 -10 -690 St. James Hotel Ltd -8 165 -14 -2

91 North Brit. Trust Hotels Ltd -8 521 -15 -192 * Q.M.H Ltd -9 3,320 -12 -593 * Doyle Hotels (UK) Ltd -9 205 -2 -1594 Comojo (U.K.) Ltd -9 187 -15 -295 Oxford Hotels & Inns Mgmt. Ltd -9 1,495 -23 7

96 Menzies Hotels Hldgs. Ltd -9 1,265 -18 097 * Menzies Hotels Operating Ltd -9 1,265 -18 098 Park Hotels Mgmt. Ltd -10 471 -7 -1299 * Paragon Hotels Ltd -10 314 -7 -12

100 Rezidor Hotel Manchester Ltd -10 154 -12 -7

101 Tonstate (Hotels) Ltd -10 1,278 -17 -2102 Brook Hotels Ltd -10 421 -21 2




LeagueTablePosition


Rate %07/10

Number ofEmployees

09/10

% Change

08/09 - 09/10

% Change

07/08 - 08/09

103 * Corus Hotels Ltd -11 637 -9 -12104 C.D.L Hotels (U.K.) Ltd -11 367 -15 -6105 The Cavendish Hotel (London) Ltd -12 104 -18 -5

106 London Britannia Hotel Ltd -12 209 -20 -4107 Rezidor Hotel Stansted Airport Ltd -14 150 -10 -17108 * Blackpool Pleasure Beach (Hldgs.) Ltd -14 724 -24 -2109 Lomar Hotel Co. Ltd -15 103 -17 -12110 The Cumberland Guoman Ltd -15 158 -21 -8

111 Thistle Barbican Tenant Ltd -18 73 -9 -26112 Curzon Hotels (Operator) Ltd -19 1,027 -19 -18113 * Guoman Hotel Hldgs. Ltd -19 1,310 -32 -5114 Park Hotel Heathrow Ltd -21 129 -19 -23115 Festival Inns Ltd -22 353 -34 -7

116 * Hotel Property Investors U.K. Ltd -22 507 -13 -31117 * De Vere Village Trading No 1 Ltd -24 3,488 -15 -32118 * Accor UK Bus. & Leisure Hotels Ltd -29 2,179 -47 -4119 * The Lancaster Landmark Hotel Co. Ltd -35 407 -53 -11120 * Puma Hotels PLC -97 2 0 -100

- * L.5.1.N Ltd - 16,073 - -- * B.D.L Select Hotels Ltd - 440 -7 -- ■ Landmark Hotel London Ltd - 413 - -- ■ Jake Feather Hotels Ltd - 309 - -- * Guoman Hotel Mgmt. (UK) Ltd - 167 -44 -

- * Pl Hotel Ltd - 15 - -- * Adda Hotels - - - -- * De Vere Venues Properties Ltd - - - -- ■ De Vere Wokefield Park Ltd - - - -- ■ H L T Stakis Operator Ltd - - - -

- ■ H L T Stakis S P E Ltd - - - -- * Hilton Intl. Hotels (UK) Ltd - - - -- * Hilton Worldwide Ltd - - - -- * Jurys Hotel Gp. (UK) Ltd - - - -27- ■ Land Securities (Hotels) Ltd - - - -

- * Longmint Gp. Ltd - - - -4- * Paramount Hotels Ltd - - - -- * Premier Inn Hotels Ltd - - - -- ■ Premier Inn Ltd - - - -- ■ Rocco Forte & Family Ltd - - - -8

- ■ South Bank Hotel Mgmt. Co. Ltd - - - -- ■ Splendid Property Co. Ltd - - - -- * Yianis Hldgs. Ltd - - - -18

Average of companies with 3 years data 719 -6 2-2

Average of companies with 3 years data 719 -6 2-2




LeagueTablePosition


Rate %07/10

Exports

£’00009/10

% Change

08/09 - 09/10

% Change

07/08 - 08/09

THE HOTEL INDUSTRY

1 Chesterfield (Mayfair) Ltd 7 761 20 -52 * Q.M.H Ltd 4 168,700 -7 163 Dorchester Gp. Ltd 3 173,808 -7 144 * Hotel Property Investors U.K. Ltd -2 11,141 -7 45 Millennium & Copthorne Hotels PLC -5 517,300 -15 5

6 * Forestdale Hotels Ltd -100 0 ^ -100- * L.5.1.N Ltd - 274,324 - -- * Marriott Hotels Ltd ^ 158,390 ^ ^- * Whitbread PLC ^ 13,343 ^ ^- * M W B Gp. Hldgs. PLC - 10,065 - -

- * Accor UK Bus. & Leisure Hotels Ltd ^ 0 ^ ^- ■ Accor UK Economy Hotels Ltd ^ 0 ^ ^- * Adda Hotels ^ 0 ^ ^- ■ Andrew Brownsword Hotels Ltd ^ 0 ^ ^- ■ Apex Hotels Ltd ^ 0 ^ ^

- * B.D.L Select Hotels Ltd - 0 ^ -- ■ Blackfriars Hotels Ltd ^ 0 ^ ^- * Blackpool Pleasure Beach (Hldgs.) Ltd ^ 0 ^ ^- * Bridgemere UK PLC ^ 0 ^ ^- * Britannia Hotels Ltd ^ 0 ^ ^

- ■ C.D.L Hotels (U.K.) Ltd ^ 0 ^ ^- ■ Centre Island Hotels Ltd ^ 0 ^ ^- ■ Champneys Henlow Ltd ^ 0 ^ ^- ■ Choice Hotels Ltd ^ 0 ^ ^- ■ Churchill Gp. Ltd ^ 0 ^ ^

- ■ Claridge’s Hotel Ltd ^ 0 ^ ^- ■ Comojo (U.K.) Ltd ^ 0 ^ ^- ■ Curzon Hotels (Operator) Ltd ^ 0 - -- * De Vere Venice Ltd - 0 ^ -- ■ De Vere Village Hotels & Leisure Ltd ^ 0 ^ ^

- ■ De Vere Wokefield Park Ltd - 0 ^ -- * Deckers Restaurants Ltd ^ 0 ^ ^- * Doyle Hotels (UK) Ltd ^ 0 ^ ^- * Doyle London Hotels Ltd ^ 0 ^ ^- * Edwardian Gp. Ltd ^ 0 ^ ^

- ■ Festival Inns Ltd ^ 0 ^ ^- ■ Firmdale Hotels PLC ^ 0 ^ ^- ■ Firoka (Kings Cross) Ltd ^ 0 - -- ■ G H Hotel Operating Co. Ltd ^ 0 ^ ^- ■ Globalgrange Ltd ^ 0 ^ ^

- ■ Gloucester Capital Ltd ^ 0 ^ ^- ■ H L T Stakis Operator Ltd - 0 ^ -- ■ H L T Stakis S P E Ltd - 0 ^ -- ■ Hastings Hotels Gp. Ltd - 0 ^ -- ■ Hhr Piccadilly Ltd ^ 0 ^ ^

- * Hilton Intl. Hotels (UK) Ltd ^ 0 ^ ^- * Hilton Worldwide Ltd ^ 0 ^ ^- ■ Hotel Inter-Continental London Ltd ^ 0 - -- * J.H. Leeke & Sons Ltd ^ 0 ^ ^- * J.Townend & Sons (Hull) Ltd ^ 0 ^ ^


Exports Growth


LeagueTablePosition


Rate %07/10

Exports

£’00009/10

% Change

08/09 - 09/10

% Change

07/08 - 08/09

- ■ Jake Feather Hotels Ltd - 0 - -- ■ Jarvis Hotels Ltd. ^ 0 ^ ^- ■ Kensington Close Hotel Ltd ^ 0 ^ ^- * Kew Green Hotels Ltd ^ 0 ^ ^- * L.R.G Hotels Gp. (UK) Ltd ^ 0 ^ ^

- ■ L.R.G Hotels Ltd ^ 0 ^ ^- ■ Lake District Hotels Ltd ^ 0 ^ ^- ■ Land Securities (Hotels) Ltd ^ 0 ^ ^- * Lanesborough Mgmt. Ltd ^ 0 ^ ^- ■ Leisureplex Ltd ^ 0 ^ ^

- ■ Lomondo Ltd ^ 0 ^ ^- ■ London Britannia Hotel Ltd ^ 0 ^ ^- ■ London L.R.G Hotel Ltd ^ 0 ^ ^- ■ London May Fair Hotel Ltd ^ 0 ^ ^- ■ London Tara Hotel Ltd ^ 0 ^ ^

- * Macdonald Hotels Ltd - 0 - -- ■ Malmaison & Hotel Du Vin Property Hldgs. Ltd ^ 0 ^ ^- ■ Mandarin Oriental Hyde Park Ltd - 0 - -- ■ Manor House Hotel (Okehampton) Ltd ^ 0 ^ ^- ■ Maple Hotels 1 Ltd ^ 0 ^ ^

- * Marston Hotels Ltd ^ 0 ^ ^- ■ Menzies Hotels Hldgs. Ltd ^ 0 ^ ^- * Menzies Hotels Operating Ltd ^ 0 ^ ^- ■ Morgans Hotel Gp. London Ltd ^ 0 ^ ^- ■ Park Hotels Mgmt. Ltd ^ 0 ^ ^

- ■ Park Tower Hotel Ltd (The) ^ 0 ^ ^- * Peel Hotels PLC ^ 0 ^ ^- ■ Pennyhill Park Ltd ^ 0 ^ ^- * Percy R.Brend & Sons (Hoteliers) Ltd ^ 0 ^ ^- * Premier Inn Hotels Ltd ^ 0 ^ ^

- ■ Prestmade Ltd ^ 0 ^ ^- * Puma Hotels PLC ^ 0 ^ ^- * Qhotels Gp. Ltd ^ 0 ^ ^- * Ramside Estates Ltd ^ 0 ^ ^- ■ Ramside Hldgs. Ltd ^ 0 ^ ^

- ■ Rezidor Hotel Stansted Airport Ltd ^ 0 ^ ^- ■ Riverbank Hotel Operator Ltd ^ 0 ^ ^- ■ Royal Garden Hotel Ltd ^ 0 ^ ^- * Shearings Hotels Ltd ^ 0 ^ ^- * Somerston Hotels UK Ltd ^ 0 ^ ^

- ■ South Bank Hotel Mgmt. Co. Ltd - 0 - -- ■ Splendid Property Co. Ltd ^ 0 ^ ^- ■ St Giles Hotel Ltd ^ 0 ^ ^- ■ St. James Court Hotel Ltd ^ 0 ^ ^- ■ St. James Hotel Ltd ^ 0 ^ ^

- ■ Strathmore Hotels Ltd - 0 ^ -- ■ Templeton Hldgs. Ltd - 0 ^ -- * The Barton Grange Gp. Ltd ^ 0 ^ ^- ■ The Berkeley Hotel Ltd ^ 0 ^ ^- * The Lancaster Landmark Hotel Co. Ltd ^ 0 ^ ^

- ■ The Park Lane Hotel Ltd ^ 0 ^ ^- ■ The Westbury Hotel Ltd ^ 0 ^ ^


Exports Growth


LeagueTablePosition


Rate %07/10

Exports

£’00009/10

% Change

08/09 - 09/10

% Change

07/08 - 08/09

- ■ Tonstate (Hotels) Ltd ^ 0 ^ ^- ■ Venice Antler 1 Ltd ^ 0 ^ ^- ■ Victoria Park Plaza Operator Ltd ^ 0 ^ ^

- ■ Webb Hotels & Travel Ltd ^ 0 ^ ^- ■ Arora Hotels Ltd - - - -- ■ Brook Hotels Ltd - - - ^- * Corus Hotels Ltd - - - -- ■ Crieff Hydro Ltd - - - -

- * De Vere Venues Properties Ltd - - - -- * De Vere Village Trading No 1 Ltd - - - -- ■ Endell Gp. Hldgs. Ltd - - - -- ■ F B M London Ltd - - - -- * Festival Gp. Ltd - - - -

- * Gleneagles Hotels Ltd - - - ^- * Guoman Hotel Hldgs. Ltd - - - -- * Guoman Hotel Mgmt. (UK) Ltd - - - -- ■ Hand Picked Hotels Ltd - - - ^- ■ Hotel Mgmt. Intl. (Hldgs.) Ltd - - - 21

- * Imperial London Hotels Ltd (The) - - - -- * Jurys Hotel Gp. (UK) Ltd - - - ^- ■ Landmark Hotel London Ltd - - - -- ■ Lomar Hotel Co. Ltd - - - ^- * Longmint Gp. Ltd - - - ^

- * M F Wells (Hotels) Ltd - - - -- ■ North Brit. Trust Hotels Ltd - - - ^- ■ Oxford Hotels & Inns Mgmt. Ltd - - - ^- * Paragon Hotels Ltd - - - -- * Paramount Hotels Ltd - - - ^

- ■ Park Hotel Heathrow Ltd - - - ^- * Pbn Hldgs. Ltd - - - -- * Pl Hotel Ltd - - - -- ■ Premier Inn Ltd - - - ^- * Quintain Estates & Development PLC - - - -

- ■ Rezidor Hotel Manchester Ltd - - - ^- * Ritz Hotel (London) Ltd (The) - - - -- ■ Rocco Forte & Family Ltd - - - -1- ■ The Cavendish Hotel (London) Ltd - - - -- ■ The Cumberland Guoman Ltd - - - -

- ■ Thistle Barbican Tenant Ltd - - - -- * Travelodge Hotels Ltd - - - -- * Yianis Hldgs. Ltd - - - -

Average of companies with 3 years data 12,355 -13 7-3

Average of companies with 3 years data 12,355 -13 7-3


Exports Growth


Industry Profile

Company details are aggregated to provideaverage figures for the Industry Subsectors. Thisis presented in two sections:

● Subsector Balance Sheets● Subsector Profit & Loss Details

Average Balance Sheet and Profit & Loss Account Figures forTHE HOTEL INDUSTRY

The accounts of these companies have been analysed to generate average figures.Total figures are availabe at the bottom of the Performance League Tables.

Sales and Profits

09/10 08/09 07/08£000s £000s £000s

Sales 48,654 50,826 47,772Pre-tax Profit 667 2,061 5,186Number of Employees 725 775 764

Balance Sheet

09/10 08/09 07/08£000s £000s £000s





Total Assets 176,215 176,953 161,098






Industry Profile

THE HOTEL INDUSTRY


Average Balance Sheet and Profit & Loss Account Figures forHOTEL INDUSTRY

The accounts of these companies have been analysed to generate average figures.Total figures are availabe at the bottom of the Performance League Tables.

Sales and Profits

09/10 08/09 07/08£000s £000s £000s

Sales 48,654 50,826 47,772Pre-tax Profit 667 2,061 5,186Number of Employees 725 775 764

Balance Sheet

09/10 08/09 07/08£000s £000s £000s





Total Assets 176,215 176,953 161,098






Industry Profile

HOTEL INDUSTRY


6. Analysis Notes

© Key Note Ltd 2011 Analysis Notes

Introduction This Report examines the performance of selected companies over a three year period. For comparison purposes, the companies’ accounts are divided into three ‘analysis periods’ with ranking based on performance in the third period.

If a set of accounts becomes available which is more up to date than the analysis year shows, these will be included in the relevant Company Profile under ‘Recently Filed Accounts’ but will not be used in the Performance League Tables.

Non-52 Week Account Period Occasionally, companies submit accounts for non-standard periods. If the account period is extended beyond 52 weeks, there may appear to be a gap in the analysis. This will be because the extended year falls into the next analysis period.

Where accounts are for a period shorter than 52 weeks and a company has two sets of accounts eligible for inclusion in any analysis period, the performance analysis will be based on the later of the two sets of accounts.

When non-52 week accounts are provided, profit and loss figures are adjusted to a 52 week basis within the Performance League Tables to enable meaningful comparisons to be made.

Calculation of Totals and Averages In compiling the total and average results given in the Performance League Tables and the Industry Profiles, some companies have been excluded from the calculations. These companies are indicated in the tables by the following symbols:

Indicates that the company does not have three years of accounts available. If accounts for any of the analysis years are not available, the company is excluded from the total and average calculations

* Indicates that the analyst has excluded the company from any total or average calculation (see notes in the Company Selection for further details).

Ranking of Companies The Performance League Tables rank companies according to their results in the third year. Companies are not allocated a ranking number where this third year of accounts is not available. In this event, companies appear at the foot of the table with a dash (-) ranking. However, such companies are ranked in order of their second year, third year and fourth year figures respectively, where these are available. The following symbols are used in the Performance League Tables:

^ Indicates that a result either cannot be calculated or would be misleading if it was presented. For example, dividing by zero or a negative figure divided by a negative figure.

- Indicates that one or more of the figures necessary to make the calculation on which ranking is based are not available.

6. Analysis Notes

Analysis Notes © Key Note Ltd 2011

Directory Data The following data items are included in the Company Profiles:

Trading Address This is given where it is available along with a telephone and telefax number. Addresses are validated wherever possible and where a trading address cannot be found, a registered office address is presented instead.

Main SIC codes Up to two 1992 Standard International Codes (SIC) have been allocated to each company based on the company’s principal line of business.

Directors A maximum of ten directors are shown for each company, in the format of first name, middle initial and last name. The company secretary is also given.

Previous Names Where a company has changed its name, the two most recent changes are displayed along with the date at which the name changed from that shown.

Main UK Subsidiaries Up to ten subsidiaries are shown. These will be the ten largest in terms of their most recent turnover figures filed if there are more than ten subsidiaries for the company profiled.

Auditors A company’s main auditor for the year of analysis of the report (highlighted in bold in the company profiles) is also given. This is the auditor of the accounts in the analysis year.

7. Definitions

© Key Note Ltd 2011 Definitions

Data Items

Auditors Fees The fees, including expenses, paid to auditors

Capital Employed The total value of long term loans, other long term liabilities and total capital & reserves.

Depreciation The provision made to account for the reduction in value of fixed assets over time.

Directors Emoluments The sum of all payments made to directors, including fees, pension fund contributions, ex-gratia payments and amounts paid to directors’ families.

Employee Pay The wages and salaries paid during the year, excluding social security and pension costs.

Exports The revenue generated by sales overseas, this figure is stated where it has been disclosed in the accounts or where a geographical breakdown of turnover has been provided.

Intangible Assets Items such as goodwill, patents, copyrights, trade marks or research and development which have no tangible existence.

Intermediate Assets The sum of items such as gross investments in subsidiary and associated companies, gross intra-group balances, trade investments, advance corporation tax due after one year, investment properties and other long term financial assets or those with no stated repayment terms. Where stated in the accounts, the long term portion of trade and sundry debtors will also be included.

Interest Paid The sum paid to service company debt, the gross figure disclosed by the company. This may include items such as hire purchase and finance lease charges.

Investment Capital employed plus short term loans.

Long Term Loans The amount repayable after one year of bank and institutional loans, mortgages, leases and hire purchase agreements, and trade and sundry creditors.

Net Assets The value of total assets less total liabilities.

Net Worth Total Capital & Reserves less intangible assets.

7. Definitions

Definitions © Key Note Ltd 2011

Non-Trading Income The income derived from non-trade activities, such as quoted or unquoted investments, interest and dividends received, transfers from capital grant reserve and interest relief grants, share of associated companies’ profits or losses and written-off intangible assets.

Number of Employees The number of employees is given where the figure has been stated in the accounts.

Other Current Assets The value of other assets which is realisable within one year e.g. cash, sundry debtors and prepayments.

Other Current Liabilities The sum of sundry creditors, accrued expenses, future taxation and other amounts payable within one year.

Other Long Term Liabilities The sum of the long term portion of items such as deferred taxation, minority interests, provisions for liabilities and charges and prepaid income.

Pre-Interest Profit Pre-tax profit plus interest paid.

Pre-tax Profit The reported profit or loss on ordinary activities before tax. This includes exceptional items but not extraordinary items which appear below-the-line.

Sales The revenue derived from the provision of goods or services falling within the company’s normal trading activities.

Short Term Loans The short term portion of company debt including bank overdraft and the current portion of bank loans, hire purchase or lease agreements and other amounts due within one year.

Stocks The total value of trading and sundry stocks and work in progress (net of progress payments). For developers, this also includes property held for resale within one year.

Tangible Fixed Assets The tangible long term resources of a business including land, buildings, plant and equipment. The items may be the company’s own purchased items or those held under finance lease or hire purchase agreements. In addition, assets held in the course of construction or those held for renting out, with life spread over a number of accounting periods are included. This figure is shown at net book value that is cost less accumulated depreciation.

Total Assets The total value of fixed, intermediate and current assets.

Total Assets-Total Current Liabilities The balancing figure against capital employed in the balance sheet.

7. Definitions


Total Capital & Reserves (Shareholders’ Funds) The sum of ordinary share capital, preference share capital and reserves (including share premiums, revaluations and retained profit).

Total Current Assets The sum of stocks, trade debtors and other current assets.

Total Current Liabilities The sum of trade creditors, short term loans and other current liabilities.

Total Debt Short term plus long term loans.

Total Fixed Assets The sum of tangible, intangible and intermediate fixed assets.

Total Liabilities Capital employed plus total current liabilities minus total capital & reserves.

Trade Creditors Amounts due to be paid by the company, within one year, for goods owned but not paid for.

Trade Debtors The amount due to be paid to the company, within one year, from customers, for goods or services sold on credit.

Trading Profit Operating Profit plus depreciation.

Working Capital Total current assets minus total current liabilities.

7. Definitions


Ratio Calculations In compiling this Report, Key Note’s Analysts and Editors have selected the ratios which are most suitable for analysing this sector. For this reason, although definitions are provided for all ratios used in the Business Ratio series, some will not have been used in this title.

Asset Utilisation Sales/Total Assets Shows the relationship between the assets of a company and the level of sales generated by those assets. The result is a ratio which shows the sales made by each unit of assets, i.e. a figure of 1.60 would mean that every £1 of assets was generating £1.60 of sales.

Capital Employed Per Employee Capital Employed/Number of Employees Indicates the level of investment provided for each employee.

Capital Employed/Total Assets Capital Employed/Total Assets Provides a measure of the amount of capital invested in a business in relation to each unit of assets. A ratio of 0.80 would indicate that for each £1 of assets there would be an investment of 80p in capital employed.

Creditors Days (Creditors/Sales) x 365 Shows the average number of days taken to repay creditors.

Creditors/Debtors Trade Creditors/Trade Debtors Links monies owed by the company for goods and services to monies owed to the company for goods and services.

Current Ratio (Liquidity) Total Current Assets/Total Current Liabilities Assesses the short term balance between assets and liabilities due within one year and measures a company’s ability to meet payments due, e.g. a ratio of 1.5 would indicate that a company could cover its current liabilities 1 1/2 times over with its current assets

Debtor Days Outstanding (Trade Debtors/Sales) x 365 Indicates the average number of days taken to collect monies owed to the company. The result may be a reflection of company policy towards extending credit as much as efficiency.

Debt/Equity Long Term Loans/Total Capital & Reserves Links two sources of long term finance, focusing on the balance between amounts borrowed from external parties in proportion to those invested by shareholders in the company.

Depreciation Rate (Depreciation/Tangible Fixed Assets) x 100 Gives a rough indication of the depreciation rate applied by a business in assessing the net book value of fixed assets. A ratio of 6.8 would indicate that a company had made an annual depreciation provision of 6.8 percent of the value of its fixed assets.

7. Definitions


Equity Gearing (Total Capital & Reserves/Total Liabilities) x 100 Indicates the proportion of total liabilities that are covered by shareholders’ funds.

Exports/Sales (Exports/Sales) x 100 Shows the proportion of sales generated overseas.

Fixed Assets Per £ of Pay (Tangible Fixed Assets/Total Remuneration)

Fixed Assets Per Employee Tangible Fixed Assets/Number of Employees Measures the value of fixed assets per employee. This ratio can be taken as a guide to the capital intensity of an operation, assessing levels of plant and machinery compared with levels of manpower.

Income Gearing (Interest Cover) (Interest Paid/Pre-interest Profit) x 100 The proportion of pre-interest profit which is expended to finance the cost of external loans. A figure of 16.4 would show that 16.4 percent of pre-interest profit had been used for interest payments.

Operating Profit Margin (Operating Profit/Sales) x 100 Indicates operating profit as a percentage of sales.

Pay Per Employee Employee Pay/Number of Employees Measures the average annual pay per employee.

Pay/Sales (Employee Pay/Sales) x 100 Indicates the amount of sales revenue expended on employees’ pay, showing the marginal cost of employment. A figure of 25 percent indicates that one quarter of a company’s sales are expended on employee pay.

Pre-tax Profit Margin (Profit Margin) (Pre-tax Profit/Sales) x 100 Measures the percentage of sales left as profits or losses, before tax. (In general, if profitability is the main driving force of the business, the higher the result, the better. However, this ratio should not be judged in isolation from other results).

Profit Per Employee Pre-tax Profit/Number of Employees Indicates the average profitability of each employee.

Profit Per £ of Pay Pre-tax Profit/Employee Pay Measures the level of profit generated in relation to each £ spent on employee pay.

Quick Ratio (Acid Test) (Total Current Assets-Stocks)/Total Current Liabilities

7. Definitions


Measures short term liquidity by looking at the balance between current assets less stock and current liabilities. Stocks are deducted from current assets in the equation as they may not be readily convertible to cash. A ratio of 0.8 would show that a company could only cover 80 percent of its current liabilities in the short term.

Return on Capital (Pre-tax Profit/Capital Employed) x100 Often taken as the primary measure of performance, this ratio is an indication of how much profit a business yields relative to the money invested in it.

Return on Investment (Pre-interest Profit/Investment) x 100 Measures performance in a similar way to return on capital but excludes the amount of profit expended on interest. This ratio can give a truer result than return on capital where capital structure may be affected by parent company funding. A ratio of 20 percent would indicate that for every £100 invested, a return of £20 in pre-interest profit would be achieved.

Return on Total Assets (Pre-tax Profits/Total Assets) x 100 Shows a percentage of the value of the pre-tax profits in proportion to the value of total assets.

Return on Total Capital & Reserves (Pre-tax Profits/Total Capital & Reserves) x 100 The ratio expresses the proportion of pre-tax profit made in relation to the value of shareholders funds.

Sales Per Employee Sales/Number of Employees This is a measure of productivity, showing the amount of sales revenue generated by each employee.

Sales/Capital Employed Sales/Capital Employed Measures the amount of revenue generated by a business in relation to the level of investment made.

Sales/Fixed Assets Sales/Tangible Fixed Assets Measures the level of sales generated in relation to each unit of fixed assets. (This result will be affected by the accuracy of the net book value of the assets).

Sales/Intermediate Assets Sales/Intermediate Assets Links sales to medium term assets including various financial holdings.

Stocks/Sales (Stocks/Sales) x 100 Shows the percentage of stocks held by the company in relation to sales.

Total Debt/Net Worth (Borrowing Ratio) (Total Debt/Net Worth) x 100

7. Definitions


Examines the level of outstanding loans to be paid by the company in comparison to the assets held by the company, excluding those necessary to meet current liabilities. A figure of over 100 percent indicates that a company is highly geared to the extent that its borrowings exceed its net worth.

Total Debt/Working Capital Total Debt/Working Capital Looks at the level of debt in relation to the portion of current assets which would not be required to meet current liabilities. A figure of 0.6 would indicate that 60 percent of debts could be met by short term funding.

Trading Profit Margin (Trading Profit/Sales) x 100 Measures the percentage of trading profit made on sales.

Working Capital/Sales (Working Capital/Sales) x 100 Expresses the level of short term funding of a business in relation to its size as measured by sales.

Value Added/Pay (Value Added/Employee Pay) x 100 Relates value added to employee pay, expressing the result as a percentage.

8. Further Key Note Sources

© Key Note Ltd 2011 Further Sources

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8. Further Key Note Sources

Further Sources © Key Note Ltd 2011

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Accor UK Business & Leisure Hotels Ltd 3-2Accor UK Economy Hotels Ltd 3-4Adda Hotels 3-6Andrew Brownsword Hotels Ltd 3-8Apex Hotels Ltd 3-10

Arora Hotels Ltd 3-12The Barton Grange Group Ltd 3-14B.D.L Select Hotels Ltd 3-16The Berkeley Hotel Ltd 3-18Blackfriars Hotels Ltd 3-20

Blackpool Pleasure Beach (Holdings) Ltd 3-22Bridgemere UK PLC 3-24Britannia Hotels Ltd 3-26Brook Hotels Ltd 3-28The Cavendish Hotel (London) Ltd 3-30

C.D.L Hotels (U.K.) Ltd 3-32Centre Island Hotels Ltd 3-34Champneys Henlow Ltd 3-36Chesterfield (Mayfair) Ltd 3-38Choice Hotels Ltd 3-40

Churchill Group Ltd 3-42Claridge’s Hotel Ltd 3-44Comojo (U.K.) Ltd 3-46Corus Hotels Ltd 3-48Crieff Hydro Ltd 3-50

The Cumberland Guoman Ltd 3-52Curzon Hotels (Operator) Ltd 3-54Deckers Restaurants Ltd 3-56De Vere Venice Ltd 3-58De Vere Venues Properties Ltd 3-60

De Vere Village Hotels & Leisure Ltd 3-62De Vere Village Trading No 1 Ltd 3-64De Vere Wokefield Park Ltd 3-66Dorchester Group Ltd 3-68Doyle Hotels (UK) Ltd 3-70

Doyle London Hotels Ltd 3-72Edwardian Group Ltd 3-74Endell Group Holdings Ltd 3-76F B M London Ltd 3-78Festival Group Ltd 3-80

Festival Inns Ltd 3-82Firmdale Hotels PLC 3-84Firoka (Kings Cross) Ltd 3-86Forestdale Hotels Ltd 3-88G H Hotel Operating Co. Ltd 3-90

Gleneagles Hotels Ltd 3-92Globalgrange Ltd 3-94Gloucester Capital Ltd 3-96Guoman Hotel Holdings Ltd 3-98Guoman Hotel Management (UK) Ltd 3-100

Hand Picked Hotels Ltd 3-102Hastings Hotels Group Ltd 3-104Hhr Piccadilly Ltd 3-106Hilton International Hotels (UK) Ltd 3-108Hilton Worldwide Ltd 3-110

H L T Stakis Operator Ltd 3-112H L T Stakis S P E Ltd 3-114Hotel Inter-Continental London Ltd 3-116Hotel Management International (Holdings) Ltd 3-118Hotel Property Investors U.K. Ltd 3-120

Imperial London Hotels Ltd (The) 3-122Jake Feather Hotels Ltd 3-124Jarvis Hotels Ltd. 3-126Jurys Hotel Group (UK) Ltd 3-128Kensington Close Hotel Ltd 3-130

Kew Green Hotels Ltd 3-132L.5.1.N Ltd 3-134Lake District Hotels Ltd 3-136The Lancaster Landmark Hotel Co. Ltd 3-138Landmark Hotel London Ltd 3-140

Land Securities (Hotels) Ltd 3-142Lanesborough Management Ltd 3-144J.H. Leeke & Sons Ltd 3-146Leisureplex Ltd 3-148Lomar Hotel Co. Ltd 3-150

Lomondo Ltd 3-152London Britannia Hotel Ltd 3-154London L.R.G Hotel Ltd 3-156London May Fair Hotel Ltd 3-158London Tara Hotel Ltd 3-160

Longmint Group Ltd 3-162L.R.G Hotels Ltd 3-164L.R.G Hotels Group (UK) Ltd 3-166Macdonald Hotels Ltd 3-168Malmaison & Hotel Du Vin Property Holdings Ltd 3-170

Mandarin Oriental Hyde Park Ltd 3-172Manor House Hotel (Okehampton) Ltd 3-174Maple Hotels 1 Ltd 3-176Marriott Hotels Ltd 3-178Marston Hotels Ltd 3-180

Menzies Hotels Holdings Ltd 3-182Menzies Hotels Operating Ltd 3-184Millennium & Copthorne Hotels PLC 3-186Morgans Hotel Group London Ltd 3-188M W B Group Holdings PLC 3-190

North British Trust Hotels Ltd 3-192Oxford Hotels & Inns Management Ltd 3-194Paragon Hotels Ltd 3-196Paramount Hotels Ltd 3-198Park Hotel Heathrow Ltd 3-200

Park Hotels Management Ltd 3-202The Park Lane Hotel Ltd 3-204Park Tower Hotel Ltd (The) 3-206Pbn Holdings Ltd 3-208Peel Hotels PLC 3-210

Pennyhill Park Ltd 3-212Percy R.Brend & Sons (Hoteliers) Ltd 3-214Pl Hotel Ltd 3-216Premier Inn Ltd 3-218Premier Inn Hotels Ltd 3-220

Company Index


Prestmade Ltd 3-222Puma Hotels PLC 3-224Qhotels Group Ltd 3-226Q.M.H Ltd 3-228Quintain Estates & Development PLC 3-230

Ramside Holdings Ltd 3-232Ramside Estates Ltd 3-234Rezidor Hotel Manchester Ltd 3-236Rezidor Hotel Stansted Airport Ltd 3-238Ritz Hotel (London) Ltd (The) 3-240

Riverbank Hotel Operator Ltd 3-242Rocco Forte & Family Ltd 3-244Royal Garden Hotel Ltd 3-246Shearings Hotels Ltd 3-248Somerston Hotels UK Ltd 3-250

South Bank Hotel Management Co. Ltd 3-252Splendid Property Co. Ltd 3-254St Giles Hotel Ltd 3-256St. James Court Hotel Ltd 3-258St. James Hotel Ltd 3-260

Strathmore Hotels Ltd 3-262Templeton Holdings Ltd 3-264Thistle Barbican Tenant Ltd 3-266Tonstate (Hotels) Ltd 3-268J.Townend & Sons (Hull) Ltd 3-270

Travelodge Hotels Ltd 3-272Venice Antler 1 Ltd 3-274Victoria Park Plaza Operator Ltd 3-276Webb Hotels & Travel Ltd 3-278M F Wells (Hotels) Ltd 3-280

The Westbury Hotel Ltd 3-282Whitbread PLC 3-284Yianis Holdings Ltd 3-286

Company Index


Documents

Hotel Industry 2011