MITCHELLS & BUTLERS RETAIL (NO 2) LIMITED
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Next accounts due
2027-06-30 (in 1y)
Last filed for 2025-09-27
Confirmation statement due
2027-04-12 (in 11mo)
Last made up 2026-03-29
Watchouts
None on the register
Cash
£17M
+99.2% vs 2024
Net assets
£298M
+12.3% vs 2024
Employees
7,549
+3% vs 2024
Profit before tax
£26M
-3.4% vs 2024
Name history
Renamed 3 times since incorporation
- MITCHELLS & BUTLERS RETAIL (NO 2) LIMITED 2003-04-14 → present
- SC RETAIL (NO 2) LIMITED 2001-07-27 → 2003-04-14
- BASS LEISURE RETAIL LIMITED 2000-06-14 → 2001-07-27
- FORMBID LIMITED 2000-03-29 → 2000-06-14
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-09-27
| Metric | Trend | 2024-09-28 | 2025-09-27 |
|---|---|---|---|
| Turnover | £383,612,000 | £414,934,000 | |
| Operating profit | £14,593,000 | £36,516,000 | |
| Profit before tax | £26,606,000 | £25,713,000 | |
| Net profit | £22,821,000 | £25,957,000 | |
| Cash | £8,607,000 | £17,142,000 | |
| Total assets less current liabilities | £562,684,000 | £569,106,000 | |
| Net assets | £265,569,000 | £298,173,000 | |
| Equity | £265,569,000 | £298,173,000 | |
| Average employees | 7,328 | 7,549 | |
| Wages | £115,531,000 | £127,947,000 |
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 | 2024-09-28 | 2025-09-27 |
|---|---|---|---|
| Operating margin | 3.8% | 8.8% | |
| Net margin | 5.9% | 6.3% | |
| Return on capital employed | 2.6% | 6.4% | |
| Gearing (liabilities / total assets) | 67.9% | 64.3% | |
| Current ratio | 0.09x | 0.13x | |
| Interest cover | 1.26x | 3.21x |
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
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The directors have performed a going concern assessment which indicates that, taking account of a severe but plausible downside, the Company will have sufficient funds, through its funding from its ultimate parent company, Mitchells and Butlers plc, to meet its liabilities as they fall due for that period.”
Group structure
- MITCHELLS & BUTLERS RETAIL (NO 2) LIMITED · parent
- Ha Ha Bar & Grill Limited 100%
- Orchid Pubs & Dining Limited 100%
- Midco 1 Limited 100%
- Lander & Cook Limited 100%
- 3Sixty Restaurants Limited 100%
- Pesto Restaurants Ltd 100%
- Ego Restaurants Holdings Limited 100%
- Mitchells & Butlers (Guestwise Parent) Limited 100%
- Mitchells & Butlers (Guestwise Holdco) Limited 100%
Significant events
- “Sales growth across the 52 week period was 8.1%, with consistent growth over the first and second half. We had a good start to the year with strong sales across the first quarter as a whole, particularly over the important three week festive period. Sales remained resilient through the second quarter aided by good weather in late March, and with a particularly strong performance on Mother's Day. Growth in the second half of the year remained strong and benefited from the movement of Easter into the second half, together with good early summer growth before slight weakening in some parts of the business led to a slight easing in the growth rate in the fourth quarter.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BURTON, Denise Patricia | Secretary | 2020-09-07 | — | — |
| BRADLEY, Fiona Mary | Director | 2026-02-12 | Jul 1978 | British |
| FREEMAN, Andrew David | Director | 2022-09-01 | Feb 1980 | British |
| MARTINDALE, Susan Katrina | Director | 2010-08-31 | Mar 1961 | British |
| MILES, Lee Jonathan | Director | 2010-08-31 | Mar 1970 | British |
| VAUGHAN, Andrew William | Director | 2010-08-31 | Oct 1963 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENJAMIN, Rachel Abigail | Secretary | 2009-04-06 | 2010-11-15 |
| BURTON, Denise Patricia | Secretary | 2011-01-19 | 2020-03-31 |
| KENNEDY, Bronagh | Secretary | 2000-04-06 | 2003-08-29 |
| MCMAHON, Gregory Joseph | Secretary | 2020-04-01 | 2020-09-07 |
| PENRICE, Victoria Margaret | Secretary | 2003-08-29 | 2009-04-06 |
| TROUSDALE, Carolyn | Secretary | 2010-11-15 | 2011-01-19 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2000-03-29 | 2000-04-06 |
| BERROW, Jacqueline Ann | Director | 2010-08-31 | 2011-03-08 |
| BRAMLEY, Michael Lloyd | Director | 2003-11-04 | 2009-04-11 |
| BUTTERFIELD, John Christopher Noel Robert Hay | Director | 2003-11-04 | 2008-07-04 |
| CLARKE, Timothy | Director | 2003-11-04 | 2009-05-20 |
| COLDRICK, Amanda | Director | 2009-10-12 | 2011-11-15 |
| EDGER, Christian Robert, Dr | Director | 2009-02-10 | 2010-07-02 |
| FOWLE, Adam Peter | Director | 2007-11-28 | 2011-03-15 |
| HUGHES, Alison Jane Margaret | Director | 2022-09-01 | 2023-12-31 |
| HUGHES, Anthony | Director | 2003-11-04 | 2007-11-28 |
| KENNEDY, Bronagh | Director | 2000-04-06 | 2010-10-21 |
| MARTIN, Adam Melville | Director | 2003-11-04 | 2011-11-15 |
| MCMAHON, Gregory Joseph | Director | 2013-02-15 | 2022-08-31 |
| MOXHAM, Roger Timothy | Director | 2009-10-12 | 2011-11-15 |
| MOXHAM, Roger Timothy | Director | 2009-10-12 | 2009-10-12 |
| NAFFAH, Karim | Director | 2003-11-04 | 2008-01-29 |
| PRATT, Richard Geoffrey | Director | 2003-11-04 | 2010-04-21 |
| SCOBIE, William Young | Director | 2000-04-06 | 2005-07-01 |
| SINGH, Saudagar | Director | 2010-05-24 | 2012-11-12 |
| TODD, Kevin | Director | 2009-10-12 | 2012-02-15 |
| TOWNSEND, Jeremy Charles Douglas | Director | 2005-07-01 | 2010-08-31 |
| WHEATON, Alison Thompson | Director | 2003-11-04 | 2009-10-12 |
| YOUNG, Robin Mark | Director | 2010-06-01 | 2014-01-31 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2000-03-29 | 2000-04-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mitchells & Butlers Holdings Ltd | Corporate entity | Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 158 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-24 | CH01 | officers | Change person director company with change date | |
| 2026-03-24 | CH01 | officers | Change person director company with change date | |
| 2026-03-09 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-19 | AA | accounts | Accounts with accounts type full | |
| 2025-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-04 | AA | accounts | Accounts with accounts type full | |
| 2024-04-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-07 | AA | accounts | Accounts with accounts type full | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-22 | AA | accounts | Accounts with accounts type full | |
| 2022-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-15 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-07 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-16 | AA | accounts | Accounts with accounts type full | |
| 2021-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-07 | AA | accounts | Accounts with accounts type full | |
| 2020-09-09 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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
FY2024 → FY2025 · period ending 2025-09-27 vs 2024-09-28
-
Turnover
+8.2%
£383,612,000 £414,934,000
-
Cash
+99.2%
£8,607,000 £17,142,000
-
Net assets
+12.3%
£265,569,000 £298,173,000
-
Employees
+3%
7,328 7,549
-
Operating profit
+150.2%
£14,593,000 £36,516,000
-
Profit before tax
-3.4%
£26,606,000 £25,713,000
-
Wages
+10.7%
£115,531,000 £127,947,000
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