PRET A MANGER (USA) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-01-02
Confirmation statement due
2027-01-17 (in 8mo)
Last made up 2026-01-03
Watchouts
None on the register
Cash
£2M
-66.6% vs 2023
Net assets
-£421M
-6% vs 2023
Employees
435
-45.9% vs 2023
Profit before tax
-£16M
+56.9% vs 2023
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 | £85,804,000 | £55,861,000 | |
| Operating profit | -£14,472,000 | £5,617,000 | |
| Profit before tax | -£37,368,000 | -£16,089,000 | |
| Net profit | -£34,637,000 | -£15,664,000 | |
| Cash | £5,750,000 | £1,921,000 | |
| Total assets less current liabilities | -£547,000 | £19,471,000 | |
| Net assets | -£397,104,000 | -£420,998,000 | |
| Equity | -£397,104,000 | -£420,998,000 | |
| Average employees | 804 | 435 | |
| Wages | £28,810,000 | £13,285,000 |
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 | -16.9% | 10.1% | |
| Net margin | -40.4% | -28.0% | |
| Return on capital employed | 2645.7% | 28.8% | |
| Gearing (liabilities / total assets) | 452.9% | 728.2% | |
| Current ratio | 3.65x | 1.26x | |
| Interest cover | -0.63x | 0.26x |
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 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP, Statutory Auditor
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have performed a going concern assessment which indicates that, in both the base and reasonably possible downsides, the Company will require additional funds, through funding from its parent company, Pret Parent Holding Limited to meet its liabilities as they fall due during the twelve months from the date of signing these financial statements, the going concern assessment period. Pret Parent Holding Limited has indicated its intention to continue to make available such funds as are needed by the Company, and that it does not intend to seek repayment of the amounts currently due to the Group, during the going concern assessment period. As with any company placing reliance on other group entities for financial support, the Directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.”
Group structure
- PRET A MANGER (USA) LIMITED · parent
- Pret 100 Central Park South Inc.
- Pret 101 Arch Street Inc.
- Pret 1020 Sixth Avenue, Inc.
- Pret 11 West 42, Inc.
- Pret 122 East 42, Inc.
- Pret 125 Chambers Street Inc.
- Pret 1399 New York Avenue, Inc.
- Pret 185 Franklin Street, Inc.
- Pret 24 West 23rd, Inc.
- Pret 299 Seventh Avenue Inc.
- Pret 300 Park Avenue, Inc.
- Pret 301 Pennsylvania Avenue Inc.
- Pret 303 Park Avenue South Inc.
- Pret 360 Longwood Avenue Inc.
- Pret 425 Madison Inc.
- Pret 437 Fifth Avenue Inc.
- Pret 50 Broadway, Inc.
- Pret 500 West Madison Street (2) Inc. +
- Pret 600 Lexington Avenue Inc.
- Pret 73 West Monroe, Inc.
- Pret 750 Eighth Avenue Inc.
- Pret 757 Third Inc.
- Pret 853 Broadway, Inc.
- Pret Chicago Union Station Inc.
- Pret Newport, Inc.
- Pret One State Street Inc.
- Pret Rock, Inc.
- Pret Union Station, Inc.
- Pret Woodbury Commons Inc.
Significant events
- “In 2025 Pret expects to continue to grow its business by opening new shops and offering fast, fresh, delicious food and coffee to customers. Pret will focus on growing franchising, with particular focus on travel locations.”
- “In October 2023 the Company entered into an agreement to sell the trading assets of shops in New York, Philadelphia and Washington DC to a global franchise partner to help unlock opportunities and accelerate growth across the US. As at 26 October 2023 all assets and liabilities associated to the shops in this deal, being in New York, Philadelphia and Washington DC, had been recognised on the statement of financial position as held for sale. The deal completed in February 2024.”
- “On 14 August 2025, the Company entered an agreement to acquire the remaining 70% shareholding interest in its joint venture, Empire JointStar, Inc. from Dallas Lonestar (Empire) Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHRISTOU, Panayioti Michael Andrew | Secretary | 2019-09-17 | — | — |
| ATHAYDE, Felipe | Director | 2025-11-25 | Dec 1978 | American |
| BILLETT, Laurence Kenneth | Director | 2025-11-25 | Feb 1954 | American |
| CHRISTOU, Panayioti Michael Andrew | Director | 2019-05-23 | Nov 1977 | British |
| MOLINARI, Andre Rocha | Director | 2025-11-25 | Oct 1975 | Brazilian |
| SESE, Elias Diaz | Director | 2025-11-25 | Oct 1973 | Spanish |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLY, Bibi Rahima | Secretary | 1999-08-31 | 1999-09-08 |
| CLARK, John Robert Morton | Secretary | 2001-11-28 | 2003-06-05 |
| SCHLEE, Clive Edward Benedict | Secretary | 2003-06-05 | 2019-09-17 |
| SMYTH, Harvey John | Secretary | 1999-09-02 | 2001-11-28 |
| BEECHAM, Sinclair Christopher Seymour | Director | 1999-09-02 | 2008-04-03 |
| BHAT, Axel Paul-Yves Marie | Director | 2019-05-23 | 2020-03-13 |
| CANDLER, Nicholas John | Director | 2008-04-03 | 2017-09-29 |
| CLARK, John Robert Morton | Director | 2001-11-28 | 2003-06-05 |
| COLLETT, Brian | Director | 1999-08-31 | 1999-09-08 |
| JONES, Adam Maxwell | Director | 2014-03-28 | 2018-09-26 |
| MACKAY, Thomas Owen | Director | 2020-11-01 | 2021-11-12 |
| METCALF, Julian Edward | Director | 2003-05-19 | 2008-04-03 |
| MEYER, Konrad Fano | Director | 2020-03-13 | 2020-11-01 |
| PEIXOTO, Gustavo Henrique Lins | Director | 2021-11-12 | 2025-11-25 |
| ROLFE, Andrew John | Director | 1999-09-02 | 2003-06-05 |
| SCHLEE, Clive Edward Benedict | Director | 2003-05-19 | 2019-09-30 |
| SMYTH, Harvey John | Director | 1999-09-02 | 2003-06-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pret A Manger (Europe) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 140 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-03 MA Memorandum articles
- 2025-11-03 CC04 Statement of companys objects
- 2025-11-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-03 | MA | incorporation | Memorandum articles | |
| 2025-11-03 | CC04 | change-of-constitution | Statement of companys objects | |
| 2025-11-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-25 | AA | accounts | Accounts with accounts type full | |
| 2023-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-07-13 | AA | accounts | Accounts with accounts type full | |
| 2022-04-05 | CH01 | officers | Change person director company with change date | |
| 2022-02-16 | AA | accounts | Accounts with accounts type full | |
| 2022-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 1
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
-34.9%
£85,804,000 £55,861,000
-
Cash
-66.6%
£5,750,000 £1,921,000
-
Net assets
-6%
-£397,104,000 -£420,998,000
-
Employees
-45.9%
804 435
-
Operating profit
+138.8%
-£14,472,000 £5,617,000
-
Profit before tax
+56.9%
-£37,368,000 -£16,089,000
-
Wages
-53.9%
£28,810,000 £13,285,000
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