CHOKDEE LTD

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.3 to the financial statements, which indicates that the Group is dependent on the continued support of Barclays Bank Plc and the Business Growth Fund to continue in business and meet its liabilities as they fall due. The Board are in discussions regarding the continuation of the existing facilities with both providers, currently due for renewal in June 2026. Whilst management are confident that both borrowing facilities will be renewed, agreement in respect of this has not been formalised. As stated in note 2.3, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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 102

Reporting scope

Standalone (parent only)

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.3 to the financial statements, which indicates that the Group is dependent on the continued support of Barclays Bank Plc and the Business Growth Fund to continue in business and meet its liabilities as they fall due. The Board are in discussions regarding the continuation of the existing facilities with both providers, currently due for renewal in June 2026. Whilst management are confident that both borrowing facilities will be renewed, agreement in respect of this has not been formalised. As stated in note 2.3, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Significant events

• “Full year restaurant sales were a record £77.0m, up £0.5m (0.6%) from the prior year. The increase in restaurant sales was driven mainly by three new openings in the year. Portsmouth (Hampshire) and Knowle (West Midlands) have been highly successful, with the Portsmouth site leading the way for outside dining across the estate. A further new opening in the year at Muswell Hill has underperformed and the directors have made the decision to close the site post year end.”
• “Site closed 27 July 2025. Management has assessed that conditions for impairment crystallised post year end and an impairment will be recognised for the carrying amount of the sites assets in the subsequent financial year. At year end 30 March 2025 the carrying amount of the assets at Muswell Hill were £1.04m. The lease for the site was assigned to a third party on 17 February 2026 No onerous lease is required.”

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

  -2.2%

  £78,687,590 → £76,980,404

• Cash

  -16.1%

  £2,925,070 → £2,454,280

• Net assets

  -1%

  £17,071,276 → £16,905,236

• Employees

  -3.5%

  1,625 → 1,568

• Operating profit

  +124.3%

  £1,291,018 → £2,895,854

• Profit before tax

  -76.6%

  £1,118,189 → £262,005

• Wages

  +0.6%

  £28,801,411 → £28,975,603

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