ITSU LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-01-02
Confirmation statement due
2026-12-16 (in 7mo)
Last made up 2025-12-02
Watchouts
Cash
£2M
+79.6% vs 2023
Net assets
-£12M
-143.4% vs 2023
Employees
1,217
-7.1% vs 2023
Profit before tax
-£7M
-53.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Insolvency history on file
Companies House holds prior insolvency events for this company. Detail and outcome on the official register.
Name history
Renamed 3 times since incorporation
- ITSU LIMITED 1999-04-08 → present
- TSU LONDON LIMITED 1997-01-30 → 1999-04-08
- SUSHI LONDON LIMITED 1997-01-17 → 1997-01-30
- CENTREAPPLY LIMITED 1996-12-02 → 1997-01-17
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-01-02
| Metric | Trend | 2023-12-28 | 2025-01-02 |
|---|---|---|---|
| Turnover | £116,061,000 | £120,300,000 | |
| Operating profit | -£2,966,000 | -£4,848,000 | |
| Profit before tax | -£4,337,000 | -£6,669,000 | |
| Net profit | -£5,130,000 | -£6,776,000 | |
| Cash | £1,324,000 | £2,378,000 | |
| Total assets less current liabilities | -£382,000 | £14,961,000 | |
| Net assets | -£4,725,000 | -£11,501,000 | |
| Equity | -£4,725,000 | -£11,501,000 | |
| Average employees | 1,310 | 1,217 | |
| Wages | £33,791,000 | £35,030,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-28 | 2025-01-02 |
|---|---|---|---|
| Operating margin | -2.6% | -4.0% | |
| Net margin | -4.4% | -5.6% | |
| Return on capital employed | 776.4% | -32.4% | |
| Gearing (liabilities / total assets) | 116.0% | 137.3% | |
| Current ratio | 0.31x | 0.66x | |
| Interest cover | -2.07x | -2.56x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors continue to adopt the going concern basis in preparing the Company financial statements. A going concern assessment is prepared for the ultimate parent entity, Butterfly 21 Topco Limited and its subsidiaries (together 'the group'). The directors have received a letter of support from Butterfly 21 Topco Limited, which supports the Company operating as a going concern.”
Group structure
- ITSU LIMITED · parent
- itsu USA Inc 100%
- itsu Manhattan LLC 100%
Significant events
- “In July 2024 itsu re-financed its banking facilities, with the upsizing of its revolving cash facility (RCF) from £20m to £30m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SCHLEE, Clive Edward Benedict | Secretary | 1999-03-24 | — | British |
| METCALFE, Julian Edward | Director | 1996-12-16 | Dec 1959 | British |
| SCHLEE, Clive Edward Benedict | Director | 1998-12-01 | Mar 1959 | British |
| TOBIAS-METCALFE, Celeste | Director | 2016-08-12 | Jun 1987 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JONES, Luke Evan | Secretary | 1997-07-01 | 1998-04-21 |
| MALAN, Francois Stephanus | Secretary | 1996-12-16 | 1997-07-01 |
| METCALFE, Julian Edward | Secretary | 1997-07-01 | 1999-03-24 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1996-12-02 | 1996-12-16 |
| BARNOIN, Nicolas | Director | 2014-12-18 | 2017-04-19 |
| FELLNER, Eric Nigel | Director | 1997-02-10 | 1998-04-21 |
| HAZZARD, Miyukisedohara | Director | 1997-02-05 | 1998-04-21 |
| HILLS, Jensdonal | Director | 1998-04-29 | 1998-09-01 |
| LOUGHRAN, Gerard Peter | Director | 2010-12-15 | 2015-06-02 |
| MORRIS, Nicholas Charles | Director | 1996-12-16 | 1998-03-31 |
| PRESCOTT BRANN, Landen Robert | Director | 2012-01-26 | 2016-09-30 |
| RAYMOND, Jonathan Joseph | Director | 1997-10-31 | 1998-04-16 |
| ROBERTS, Cameron Spencer | Director | 2014-12-18 | 2016-12-14 |
| SCHOEN, Serge Francois | Director | 2016-08-12 | 2021-06-10 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1996-12-02 | 1996-12-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Butterfly 21 Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-06-10 | Active |
| Serge Francois Schoen | Individual | Significant influence | 2016-08-12 | Ceased 2021-06-10 |
| Mr Julian Edward Metcalfe | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2021-12-16 |
Filing timeline
Last 20 of 205 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-05 | AA | accounts | Accounts with accounts type full | |
| 2024-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-12 | AA | accounts | Accounts with accounts type full | |
| 2024-07-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-25 | AA | accounts | Accounts with accounts type full | |
| 2023-01-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-12-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-12-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-24 | CVA3 | insolvency | Liquidation cva supervisors abstract of receipts payments with brought down date | |
| 2022-10-24 | CVA4 | insolvency | Liquidation voluntary arrangement completion | |
| 2022-10-07 | AA | accounts | Accounts with accounts type group | |
| 2022-08-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-08-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-07-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-07-21 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2022-03-04 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2025 · period ending 2025-01-02 vs 2023-12-28
-
Turnover
+3.7%
£116,061,000 £120,300,000
-
Cash
+79.6%
£1,324,000 £2,378,000
-
Net assets
-143.4%
-£4,725,000 -£11,501,000
-
Employees
-7.1%
1,310 1,217
-
Operating profit
-63.5%
-£2,966,000 -£4,848,000
-
Profit before tax
-53.8%
-£4,337,000 -£6,669,000
-
Wages
+3.7%
£33,791,000 £35,030,000
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