PIZZAEXPRESS MERCHANDISING LIMITED

1. PIZZAEXPRESS MERCHANDISING LIMITED 1996-12-11 → present
2. CATBELL LIMITED 1996-11-29 → 1996-12-11

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Given the Company is in a net asset and net current asset position of £119,470,000 at 29 December 2024 (as at 31 December 2023: £108,785,000), the Directors consider the business able to continue to meet its obligations as they fall due and remain in business for the foreseeable future. The Company has received confirmation from its ultimate parent company, Wheel Topco Limited in respect of the ability of it and the subsidiaries of the Group to provide financial support as required by the Company to enable it to meet its obligations as they fall due for a period of not less than 12 months from the date of signing these financial statements.”

Significant events

• “On 28 May 2025, the Group successfully completed its debt refinancing. To strengthen the balance sheet of the Group, certain of the Group's shareholders provided the Group with £20,000,000 of new equity. The proceeds of which the Group used together with £35,000,000 of balance sheet cash, to fund a £55,000,000 pro rata par cash paydown of the existing £335,000,000 senior secured notes.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -3%

  £10,775,000 → £10,457,000

• Cash

  —

  Not reported

• Net assets

  +9.8%

  £108,785,000 → £119,470,000

• Employees

  —

  Not reported

• Operating profit

  -9.7%

  £9,780,000 → £8,836,000

• Profit before tax

  -10%

  £11,870,000 → £10,685,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers