Thame And London Limited
Other business support service activities n.e.c. · Thame
ActiveUnited KingdomIncorporated 2012Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Group accounts
Net assets
−£777,800,000
Cash
£113,200,000
Turnover
—
Profit / loss
—
Current assets
£156,500,000
Creditors < 1 year
£268,600,000
Equity
−£777,800,000
Average employees
8,942
Balance-sheet trend
GBP · consolidatedFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Group · AI-read | 2024-12-31Group · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | −£777,800,000 | −£707,900,000 |
| Equity | −£777,800,000 | −£707,900,000 |
| Retained earnings | −£802,600,000 | −£726,300,000 |
| Assets | ||
| Fixed assets | £2,831,900,000 | £2,643,200,000 |
| Intangible assets | £162,400,000 | £156,700,000 |
| Property, plant & equipment | £398,400,000 | £250,000,000 |
| Current assets | £156,500,000 | £275,800,000 |
| Cash at bank | £113,200,000 | £227,700,000 |
| Debtors | £40,900,000 | £44,600,000 |
| Stock | £1,600,000 | £2,000,000 |
| Liabilities | ||
| Creditors | £3,766,200,000 | £3,626,900,000 |
| Creditors within one year | £268,600,000 | £260,000,000 |
| Creditors after one year | £3,497,600,000 | £3,366,900,000 |
| Cash flow | ||
| Net debt | £679,900,000 | £526,700,000 |
| People & pay | ||
| Average employees | 8,942 | 9,000 |
| Staff costs | £290,300,000 | £268,500,000 |
| Wages & salaries | £255,100,000 | £237,700,000 |
| Social security costs | £25,200,000 | £16,500,000 |
| Pension costs | £6,800,000 | £6,200,000 |
| Directors' remuneration | £4,500,000 | £7,900,000 |
| Highest paid director | £2,500,000 | £3,800,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Clean (unmodified)
- Immediate parent
- T&L Holdco Limited
- Ultimate parent
- Anchor Holdings SCA
- Ultimate controlling party
- Anchor Holdings SCA
- Accounts
- Full accounts · IFRS
- Approved
- 2026-04-02, signed by Ray Reidy
Turnover by segment (4)
- Revenue UK: 1,009.4 (m) (2025-12-31)
- Revenue International: 34.9 (m) (2025-12-31)
- Revenue UK: 1,007.9 (m) (2024-12-31)
- Revenue International: 28.7 (m) (2024-12-31)
Related parties (3)
- Anchor Holdings SCA · ultimate parent undertaking and controlling party · Investor loans; total balance including accrued interest · £158.8m (m)
- Anchor Holdings SCA · ultimate parent undertaking and controlling party · Investor loans; total balance including accrued interest · £140.1m (m)
- Anchor Holdings SCA · ultimate parent undertaking and controlling party · Interest accrued on loans during the year · £18.6m (m)
Borrowings (4)
- Senior secured floating rate bond · £211.0m (m) · Floating rate; currency and interest rate hedged as described in the report · secured on Senior secured
- Senior secured fixed rate bond · £415.0m (m) · Fixed rate · secured on Senior secured
- Bank loan · £10.5m (m)
- Investor loan from Anchor Holdings SCA · £158.8m (m) · 15.0% per annum · £95.0m note originally due January 2026, amended to October 2028; subsequent tranches have termination date 2033
Share classes (4)
- 98,174 Class L/L1 shares
- 114,134 Class L/L1 shares
- - Class K/K1 shares
- 134 Class K/K1 shares
Events after the year end (1)
- On 4 March 2026, two new wholly owned subsidiaries of Travelodge Hotels Limited were incorporated, being FullMoonPropCo6 Limited and FullMoonPropCo7 Limited.
Contingent liabilities (4)
- A contractual arrangement has been entered into by FullMoonPropCo4 Limited relating to the acquisition of two buildings held as a change of use development project. Under this contract there is an amount payable of potentially differing values up to a maximum of £9m depending on the outcome of the planning application process which won't be known until 2027.
- A guarantee is in place by Travelodge Hotels Limited to provide the funding for this payment if and when it becomes payable.
- In common with occupiers of buildings throughout the UK, the Group continually assesses safety related factors associated with its buildings; it is impossible to meaningfully quantify the extent of any such costs.
- From time to time, the group receives claims in the normal course of business. The directors do not expect these claims to have a material adverse effect on the group's financial position.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesAll Assets · created 2023-04-28
—
OutstandingShow 7 satisfied / released
Floating · created 2020-12-18 · satisfied 2023-05-10
—
SatisfiedAll Assets · created 2020-12-01 · satisfied 2023-05-10
—
SatisfiedAll Assets · created 2017-04-28 · satisfied 2023-05-10
—
SatisfiedAll Assets · created 2016-05-10 · satisfied 2023-05-10
—
SatisfiedFloating · created 2013-11-29 · satisfied 2016-06-01
—
SatisfiedAll Assets · created 2012-10-25 · satisfied 2016-06-01
All monies
SatisfiedAll Assets · created 2012-10-11 · satisfied 2016-06-01
All monies
Satisfied