Section 172 Statement

In discharging our section 172 duties we have regard to the matters set out above. In addition, we also have regard to other factors which we consider relevant to the decision being made. We set out below examples of how we have had regard to the matters set out in section 172(1)(a)-(f) when discharging our section 172 duties.

The directors have acted in a way that they consider to be most likely to promote the success of the Group for the benefits of all stakeholders; fostering high standards, good governance, an appropriate code of conduct and the need to act fairly for all members of the Group. The directors consider that the Group’s key stakeholders are its clients, owners, employees, suppliers and the local community. It is considered vital that strong relationships are built with key stakeholders, which are both meaningful and mutually beneficial. Appropriate due diligence is done before entering into new relationships with any key supplier to ensure the propriety of business operations, including considerations of environmental and social responsibilities. The company has not completed SECR reporting as it is included in the consolidated accounts of Coroin Limited. The Consolidated accounts of Coroin limited are available at Companies House or can be obtained from 27 Knightsbridge, London, United Kingdom, SW1X 7LY.

The company engaged an external adviser to carry out a full review of its processes in light of ESG and climate risks. The process started in 2022 and is still under way with a view to assess its current compliance and risks and launch set of measures to improve its position in 2024. Maybourne Hotels Limited, management company of Claridge’s Hotel Limited, entered into a 15 year Corporate Power Purchase Agreement, to provision 100% renewable energy solar powered to all UK hotels from October 2024.