The company was incorporated on the 4th July 1895 and to this day carries on the business of hoteliers, giving it a sound track record. It operates as the Hydro Hotel, Mount Road, Eastbourne, East Sussex.

The Board consists of five non-executive directors; there are approximately 420 shareholders.

The directors are committed to maintaining high standards of corporate governance and believe that the structure and composition of the company’s board is appropriate and suitable in light of the size and nature of the company, notwithstanding that the structure and composition is not fully compliant with all the recommendations in UK Corporate Governance Codes.

The shares of Hydro Hotel, Eastbourne, PLC, are traded on the AQSE growth market. If you wish to buy or sell shares in Hydro Hotel Eastbourne, PLC please contact your own stockbroker.

Alternatively you may use the following link to the Aquis stock exchange for a list of brokers who deal in shares traded on the AQSE growth market. CLICK HERE


There is also a shareholder’s discount scheme where shareholders who have acquired at least 200 shares qualify for a special 10% shareholder discount on the following:

  • All overnight accommodation tariffs for the Hydro Hotel including special breaks (excluding Christmas and New Year, plus events such as opera dinners or guest speaker luncheons)
  • Your dining bill in the Crystal restaurant for luncheon or dinner
  • Shareholders personal functions, for example weddings and anniversaries
  • Food ordered from the lounge or conservatory menu with a minimum spend of £10
  • Hair treatments in the salon

Nominee shareholders

Please note that if you hold your Hydro Hotel, Eastbourne, PLC shares using a nominee account with your stockbroker or bank, you will not automatically receive the Company’s annual report and accounts or other documents posted to shareholders, unless you have made specific arrangements with the stockbroker or bank.

Similarly, unless you have made specific arrangements with your stockbroker or your bank, it is likely that you will be unable to attend or vote at the Company’s Annual General Meeting or at other meetings convened by the Company.

Shareholders using a nominee account are therefore strongly advised to speak to their stockbroker or bank to ensure that they receive shareholder documents issued by the Company and that they are in fact able to attend and vote at meetings convened by the Company.


Please note that the Shareholder’s discount only applies to full tariff breaks and cannot be used in conjunction with any discounted voucher, or advanced purchase accommodation rate.

Company Information

Principal activity

The principal activity of the company is the operation of the Hydro Hotel in the United Kingdom.

Company registration

Hydro Hotel, Eastbourne, PLC is a company registered in England and Wales No: 44514, regulated under the Companies Act 2006, VAT registered No: 190 3023 96. The company was admitted for trading in 1980 to a market which pre-dated the AQSE growth market and for which there is no historic admission document available.

For a link to the company’s Articles of Association please CLICK HERE

Registered office and trading address:

Mount Road, Eastbourne, East Sussex BN20 7HZ

Advisors & Directors

Directors and their biographical details

G C King – non-executive chairman of the board, appointed to the board on 13 January 2004. Mr King has a Masters degree in physics and economics from the University of St Andrews and is a qualified chartered accountant with the Institute of Chartered Accountants of Scotland. He worked as an insurance, audit and risk management specialist in Canada for several years. He returned to London in 1984 to take a succession of senior roles at the Lloyds Insurance Market for ten years. Since then he has held a number of directorship and consultancy roles in the City and elsewhere. He brings to the board wide experience of business, finance and general management at board level, good City connections, and expertise in insurance matters.


C P Freeman – non-executive, appointed to the board on 11 January 2005. Mr Freeman is a chartered accountant with the Institute of Chartered Accountants in England and Wales. He worked for four years in London with Binder Hamlyn before joining Grant Thornton and becoming a partner for six years. Mr Freeman was then a partner in a provincial accountancy practice until 2017 and remains involved with a number of charities and voluntary organisations.


C J Bean – non-executive, appointed to the board on 10 June 2014. Mr Bean has a Bachelor of Laws degree from Southampton University and is a qualified solicitor. Mr Bean was a partner in a regional multi-office firm of solicitors. He oversees legal matters and Health & Safety policy for the company.


J D Tuhey – non-executive, appointed to the board on 31 July 2014. Mr Tuhey has an honours degree in economics from Durham University and a post graduate diploma in building management from University of Westminster. Mr Tuhey is the commercial claims manager at CC Flint & Co Ltd. He oversees property matters and insurances for the company.


Mrs S A Gausden – non executive, appointed to the board on 13 December 2016. Mrs Gausden has a History degree from Royal Holloway College, University of London and is a chartered accountant, a member of the Institute of Chartered Accountants in England and Wales. Mrs Gausden was a partner in a provincial accountancy practice. She is Private Client Director at the company’s advisory accountants, Plummer Parsons,  Chartered Accountants, and has been Company Secretary since April 2016.

Advisors

Share Registrars – Neville Registrars Limited, Neville House, Steelpark Road, Halesowen, West Midlands B62 8HD, telephone 0121 585 1131, email info@nevilleregistrars.co.uk web address www.nevilleregistrars.co.uk

Corporate Advisers – Peterhouse Capital Limited, New Liverpool House, 15-17 Eldon Street, London, United Kingdom, EC2M 7LD.

Auditors – UHY Hacker Young LLP, Quadrant House, 4 Thomas More Square, London E1W 1YW.

Accountants – Plummer Parsons, 18 Hyde Gardens, Eastbourne, East Sussex BN21 4PT.

Investor Relations

Number of shares in issue

600,000 £1 ordinary shares of which 398,603 – 66% are deemed under Aquis stock exchange rules to be in public hands.

The company does not have any outstanding instruments convertible into, or conferring a right to subscribe for, ordinary shares in the company.

Shareholders

List of substantial shareholdingsShareholdingPercentage of shares in issue
Pershing Nominees Ltd65,00010.83%
Mrs E M Foster60,56510.09%
Mrs P A Gray55,5559.26%
Mrs B Halifax18,1413.02%

Company Reports

Published annual reports for the five previous financial years

Announced interim reports for the five previous financial years

Circulars

Circulars sent to shareholders in the last 12 months

Announcements

Regulatory Announcements in the last five years

22/03/22 Result of AGM
02/03/22 Notice of AGM
07/02/22 Final results
21/12/21 Dividend Declaration
11/10/21 Director/PDMR Shareholding
30/09/21 Change of Auditor
28/05/21 Director/PDMR shareholding
23/03/21 Result of AGM
25/02/21 Notice of AGM
16/02/21 Final results
24/03/20 Covid 19 update and cancellation of interim dividend
23/03/20 Result of AGM
20/02/20 Notice of the AGM
29/01/20 Final Results
12/07/19 Director/PDMR Shareholding
16/05/19 Director/PDMR shareholding
28/03/19 Result of the AGM
26/02/19 Directors’ Notice of AGM
30/01/19 Directors’ Final Results Year ended 31 October 2018
29/01/19 Holdings in company
26/07/18 Directors’ Dealing 26 July 2018
19/03/18 Result of AGM
19/02/18 Notice of AGM
14/02/18 New Corporate Adviser
24/01/18 Final Results
27/04/17 Director/PDMR shareholding
14/03/17 Director/PDMR shareholding
27/01/17 Correction in relation to Final Results Announcement
25/01/17 Final Results
15/12/16 Appointment of Non-Executive Director
15/12/16 Dividend Declaration
19/04/16 Director/PDMR Shareholding
01/04/16 Resignation of Director
15/03/16 Appointment of New Manager
14/03/16 Notification of major Interest in Shares
14/03/16 Notification of major Interest in Shares
14/03/16 Notification of major Interest in Shares
27/01/16 Final Results
09/12/15 Final Dividend
27/11/15 Directorate change
17/08/15 Holdings in Company
17/08/15 Holdings in Company
11/05/15 Holdings in Company
27/01/15 Final Results
10/12/14 New Share Registrars
31/07/14 PDMR/Shareholding
31/07/14 Directorate Change
30/07/14 PDMR Shareholding
30/07/14 PDMR Shareholding
AQUIS STOCK EXCHANGE
ANNUAL REPORT & ACCOUNTS

Risk warning disclaimer: The Company’s share price may go down as well as up and the investor may not get back the amount invested.  However, there is only one market maker and the investor’s ability to trade the shares may therefore be restricted. Past performance is no guide to future performance.

The Directors of Hydro Hotel, Eastbourne, PLC accept responsibility for this announcement, which has been approved for the purposes of the Financial Services and Markets Act 2000 by Peterhouse Capital Limited, New Liverpool House, 15-17 Eldon Street, London, United Kingdom EC2M 7LD who are authorised by the Financial Conduct Authority for investment business.