OAXACA LIMITED

• ⚠

  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

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

Consolidated group

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have considered the relevant risks and uncertainties and have a reasonable expectation that the Group and the Company have adequate resources to continue in operational existence for the foreseeable future Thus, they continue to adopt the going concern basis in preparing the annual financial statements... The directors believe it is appropriate to prepare the accounts on a going concern basis despite the downside cash flow forecasts showing a potential requirement for additional funding This is due to the fact that additional funding has been agreed with its majority shareholder to support the business in the unlikely event that the downside scenario plays out and that, should the downside scenario occur, the Company would take mitigating actions such as reducing controllable costs and deferring capital expenditure”

Group structure

1. OAXACA LIMITED · parent
   1. DF Mexico Limited 100% · United Kingdom · Holding company for lease
   2. Wahaca Restaurants Limited 100% · United Kingdom · Dormant company
   3. Wahaca Limited 100% · United Kingdom · Dormant company
   4. Wahaca Grocery Limited 50% · United Kingdom · Dormant company

Significant events

• “Following the year end, two banking covenants were breached and subsequently waived, along with covenants for the next two test quarterly test dates The covenant breaches were due to increased costs and weaker trade within the DF Tacos brand, which has subsequently ceased trading Subsequent to the year end, the Group has entered into a new loan agreement with its majority shareholder”
• “Due to continued external cost pressures and weaker trade within the DF Tacos brand, the Company did not pass two of its covenants when tested in January 2025 Subsequent to this, the Company has made the decision to cease operations within the DF Tacos brand Due to this, the Company has obtained a waiver from its bank for these covenants, for the next two quarters”
• “Following the year end, we closed our DF Tacos brand due to unavoidable cost pressures, weaker trade than expected and to allow a focus on the Wahaca brand”

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

Filings

2

last 12 months

Capital events

2

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

  +1.9%

  £39,718,000 → £40,480,000

• Cash

  -88.7%

  £10,681,000 → £1,210,000

• Net assets

  +73.4%

  -£459,000 → -£122,000

• Employees

  +1.2%

  693 → 701

• Operating profit

  -78.7%

  £1,064,000 → £227,000

• Profit before tax

  +200.7%

  -£720,000 → £725,000

• Wages

  +5.1%

  £14,899,000 → £15,664,000

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