ITSU [GROCERY] LTD

1. ITSU [GROCERY] LTD 2016-06-01 → present
2. METCALFE'S FOOD COMPANY LIMITED 2011-01-26 → 2016-06-01
3. METCALFE'S SKINNY TOPCORN COMPANY LIMITED 2008-05-20 → 2011-01-26

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

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, on the basis that it will continue to make available such funds that are required by the Company and that it will not seek repayment of any amounts currently due to the parent or other members of the group.”

Group structure

1. ITSU [GROCERY] LTD · parent
   1. itsu [grocery] Europe B.V. 1% · Netherlands · Food wholesaler

Significant events

• “Turnover was up +20% year on year, to £56,988k (2023: £47,528k).”
• “The profit for the period was £3,154k (2023: £2,635k). This includes an accounting charge of £2,430k (2023: £2,515k), relating to the Company's long-term incentive plan.”
• “The Company continued to work with FareShare during the period to donate short life stock in order to minimise food waste, with 34.2 tonnes of surplus food donated during the year (2023: 14.6 tonnes).”
• “At the balance date, the Company has net assets £10,860k (2023: £7,706k).”
• “The Company's cash position of £2,714k (2023: £3,190k) remains very strong at balance date, without utilising the £6,000k Debt Purchase Agreement available with HSBC.”
• “In July 2024 itsu Limited 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

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

  +19.9%

  £47,528,000 → £56,988,000

• Cash

  -14.9%

  £3,190,000 → £2,714,000

• Net assets

  +40.9%

  £7,706,000 → £10,860,000

• Employees

  +22.7%

  75 → 92

• Operating profit

  +28.5%

  £1,964,000 → £2,524,000

• Profit before tax

  +27.7%

  £1,955,000 → £2,497,000

• Wages

  +15.5%

  £5,750,000 → £6,641,000

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