EXPRESS CPHA ApS
Key figures
- Return on assets
- -35%
- Return on equity
- –
- Current ratio
- 8.2%
- Equity ratio
- -923.7%
Profit and loss
| Reporting period | |
|---|---|
Revenue | 1,318,113 |
Gross profit | 756,732 |
Operating profit | -1,015,114 |
Finance expenses | 2,002,767 |
Tax expense | -10,610 |
Profit/loss for the year | -3,007,271 |
Employees
| Reporting period | |
|---|---|
Avg. employees | 0 |
Balance sheet
| Reporting period | |
|---|---|
Current assets | 2,434,387 |
Non-current assets | 467,141 |
Total assets | 2,901,528 |
Equity | -26,802,205 |
Liabilities | 29,703,733 |
Current liabilities | 29,703,733 |
Working capital
| Reporting period | |
|---|---|
Other current receivables | 590,229 |
Trade payables | 6,368 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 50,000 |
Retained earnings | -26,852,205 |
Investments and assets
| Reporting period | |
|---|---|
Property, plant and equipment | 467,141 |
Annual report highlights
Business and development
The company operates as a provider of office facilities through Regus Management ApS, which company operates as a manager of the Regus activities in Denmark.
The Company will continue to implement active marketing and operating strategies to increase occupancy from service agreements. In addition, the Company remains supported under an Intra-Group Facility Agreement that allows to receive advances as and when needed for the operation and management of its business and for generel corporate purposes.
Financial review
The company's income statement for the year ended 31. december 2024 shows a loss of DKK 3.007.271, and the balance sheet at 31 December 2024 shows negative equity of DKK 26.802.205.…
Financial risks
The Company has budgetary and financial reporting procedures, supported by appropriate key performance indicators, to manage credit, liquidity and other financial risk.
Key performance indicators used by management include assessment of turnover, occupancy rates and profitability per unit.
Risks and material matters
The company has incurred a net loss during the year ended December 31, 2024 and, as of that date, the Company's current liabilities exceeded its current assets.
The company is dependent on that the IWG Group regularly provides the necessary liquidity to ensure that the company is able to meet its liabilities as they fall due until the annual general meeting where the annual report of 2024 is approved.…
No events have occurred after the balance sheet date which could significantly affect the company's financial position.
Commitments and security
Regus Management ApS being the administration company, the company is subject to the Danish scheme of joint taxation and, as from the financial year 2014, unlimited jointly and severally liable with the other jointly taxed companies for the total corporation tax.
As from 2014, the company is unlimited jointly and severally liable with the other jointly taxed companies for any obligation to withhold tax interest, royalties and dividends.
The company is jointly tax registered with other Regus companies and is therefore jointly liable for VAT settlement.
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