How much the pandemic cost THG-owned King Street Townhouse Hotel and Hale Country Club

The way a prominent Manchester hotel and country club near Altrincham owned by Matthew Moulding's online retail and software giant THG were impacted by the Covid-19 pandemic has been revealed for the first time.

The scale of how government-imposed restrictions hit both King Street Townhouse Hotel and Hale Country Club has been outlined in new accounts with Companies House for 2021, which have only just been made public.

Accounts for Great John Street Hotel In Manchester, which is also owned by THG, have been filed but the building was closed throughout the year because of the pandemic and a major refurbishment project.

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While THG is a public company and publishes its results on the London Stock Exchange, the figures for its two hotels and the country club have not been published until now.

The two hotels and country club count THG co-founder and chief financial officer John Gallemore as one of their directors.

Both King Street Townhouse Hotel and Great John Street hotel were sold to THG in May 2019 by Eclectic Hotel Group which operates Didsbury House Hotel and Eleven Didsbury Park.

According to documents filed for King Street Investments Limited, King Street Townhouse Hotel achieved a turnover of £3.7m in 2021, up from the £1.8m it posted in 2020. In the nine-months to December 31, 2019, the hotel made a turnover of £3.8m.

It returned to making a pre-tax profit in 2021 with a surplus of £398,000 after losing more than £2m in the prior year. That came after achieving a profit of £794,000 in the final nine months of 2019.

THG said the results "reflect the hotel re-opening since its closure for the Covid-19 pandemic, boosting trade from the prior