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Sales at Lime Wood hotel increase 8% as group’s revenue rises to £15.5m

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Turnover for Lime Wood Group Limited, which operates five-star hotel, Lime Wood in the New Forest, has increased to £15.5m in the company’s latest financial results.

In the fillings on Companies House, the Group, which also owns Le Portetta ski resort in France, saw turnover rise from £13.9m in 2016 for the year ended 31 December 2017.

Operating profit for the Group increased to £700,622, up from £496,947 on the previous year.

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The complete Lime Wood Group portfolio includes Lime Wood, The restaurant at Lime Wood, Hartnett Holder & Co, a joint venture between chefs Angela Hartnett and Luke Holder, plus Portetta in the French Alps and four Mountain Lodges.

The 32-bedroom Lime Wood hotel is owned by multi-millionaire Jim Ratcliffe of the chemical company Ineos, and is operated by hotelier Robin Hutson.

The report also showed that sales at the hotel have increased by 8%, with turnover up to £10.3m from £9.6m in 2016.

Lime Wood hotel’s EBITDA rose to £2.3m, a marginal rise on £2.1m on the previous 12 months.

Spa sales within those figures rose by 9%, while staff costs and overheads both increased by 9%.

Turnover at Le Portetta Hotel fell slightly to £2.75m, down from £3.06m in 2016.

The Lime Wood Group’s profit after tax for the financial year totalled £1,088,954.

The report also highlighted the business’ ‘principal financial instruments’, which comprise bank balances and loans from financial institutions and Ratcliffe himself.

Lime Wood Hotel opened in 2009 and is highly regarded as one of the country’s top hotels.

Tags : Lime WoodLime Wood Grouprobin hutson
Zoe Monk

The author Zoe Monk

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